Can I retire at age 54 with 2,110,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$174,242$172,690$171,176$169,698$168,254$163,788
2 years$86,258$84,652$83,095$81,585$80,121$75,653
3 years$56,934$55,321$53,768$52,273$50,832$46,501
4 years$42,275$40,667$39,129$37,659$36,254$32,094
5 years$33,482$31,883$30,366$28,926$27,560$23,582
6 years$27,622$26,035$24,540$23,132$21,807$18,016
7 years$23,438$21,864$20,393$19,018$17,735$14,130
8 years$20,301$18,742$17,295$15,954$14,713$11,293
9 years$17,862$16,318$14,896$13,589$12,390$9,152
10 years$15,913$14,383$12,987$11,714$10,557$7,496
11 years$14,319$12,805$11,433$10,195$9,080$6,191
12 years$12,991$11,493$10,147$8,942$7,868$5,147
13 years$11,869$10,386$9,065$7,895$6,861$4,302
14 years$10,908$9,441$8,145$7,008$6,014$3,611
15 years$10,076$8,624$7,354$6,250$5,296$3,042
16 years$9,348$7,913$6,668$5,596$4,680$2,570
17 years$8,707$7,287$6,067$5,028$4,150$2,177
18 years$8,137$6,734$5,539$4,531$3,690$1,848
19 years$7,629$6,241$5,070$4,094$3,289$1,571
20 years$7,171$5,799$4,653$3,708$2,938$1,337
21 years$6,758$5,402$4,280$3,365$2,629$1,140
22 years$6,383$5,042$3,945$3,060$2,356$973
23 years$6,041$4,716$3,642$2,787$2,115$831
24 years$5,728$4,419$3,369$2,542$1,901$710
25 years$5,440$4,147$3,120$2,321$1,711$607
26 years$5,175$3,897$2,894$2,122$1,541$519
27 years$4,930$3,668$2,687$1,943$1,389$445
28 years$4,703$3,456$2,498$1,780$1,254$381
29 years$4,492$3,260$2,324$1,632$1,132$326
30 years$4,295$3,079$2,165$1,498$1,023$280
31 years$4,111$2,911$2,019$1,376$925$240
32 years$3,940$2,754$1,883$1,264$837$205
33 years$3,779$2,608$1,758$1,163$757$176
34 years$3,627$2,472$1,643$1,070$685$151
35 years$3,485$2,345$1,536$985$621$130
36 years$3,351$2,225$1,437$907$562$111
37 years$3,225$2,114$1,345$836$510$95
38 years$3,105$2,009$1,260$770$462$82
39 years$2,992$1,910$1,180$710$419$70
40 years$2,885$1,817$1,106$655$380$60
41 years$2,783$1,730$1,037$604$345$52
42 years$2,686$1,647$973$558$313$44
43 years$2,594$1,570$913$515$284$38
44 years$2,507$1,496$857$475$258$33
45 years$2,424$1,427$805$439$234$28
46 years$2,344$1,361$756$406$212$24
47 years$2,268$1,299$710$375$193$21
48 years$2,196$1,240$667$346$175$18
49 years$2,126$1,184$627$320$159$15
50 years$2,060$1,131$590$296$145$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,110,000, adding $6,614 every year, while hoping to spend $46,220 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 21/49/30 Blend
53$2,110,000$2,110,000$2,110,000$2,110,000
54$2,332,042$2,220,212$2,187,507$2,358,751
55$2,520,733$2,279,825$2,211,611$2,443,639
56$2,727,121$2,340,810$2,234,973$2,530,078
57$2,952,962$2,403,185$2,257,520$2,621,483
58$3,200,192$2,466,968$2,279,174$2,718,287
59$3,470,938$2,532,176$2,299,853$2,820,967
60$3,767,547$2,598,826$2,319,472$2,930,046
61$4,092,601$2,666,933$2,337,938$3,046,104
62$4,448,945$2,736,511$2,355,158$3,169,775
63$4,839,711$2,807,573$2,371,029$3,301,761
64$5,268,350$2,880,133$2,385,447$3,442,833
65$5,738,662$2,954,200$2,398,300$3,593,842
66$6,254,833$3,029,783$2,409,471$3,755,727
67$6,821,475$3,106,892$2,418,837$3,929,518
68$7,443,667$3,185,531$2,426,270$4,116,357
69$8,127,005$3,265,706$2,431,633$4,317,496
70$8,877,651$3,347,417$2,434,785$4,534,321
71$9,702,397$3,430,666$2,435,575$4,768,356
72$10,608,722$3,515,449$2,433,848$5,021,283
73$11,604,868$3,601,762$2,429,438$5,294,956
74$12,699,913$3,689,597$2,422,173$5,591,417
75$13,903,861$3,778,944$2,411,872$5,912,921
76$15,227,731$3,869,788$2,398,346$6,261,952
77$16,683,664$3,962,113$2,381,395$6,641,249
78$18,285,038$4,055,896$2,360,812$7,053,832
79$20,046,590$4,151,114$2,336,378$7,503,033
80$21,984,560$4,247,736$2,307,864$7,992,523
81$24,116,839$4,345,729$2,275,031$8,526,352
82$26,463,141$4,445,055$2,237,629$9,108,983
83$29,045,187$4,545,668$2,195,396$9,745,340
84$31,886,910$4,647,519$2,148,055$10,440,852
85$35,014,681$4,750,554$2,095,321$11,201,502
86$38,457,557$4,854,709$2,036,893$12,033,892
87$42,247,554$4,959,917$1,972,455$12,945,296
88$46,419,952$5,066,100$1,901,680$13,943,740
89$51,013,624$5,173,175$1,824,223$15,038,069
90$56,071,404$5,281,051$1,739,724$16,238,037
91$61,640,490$5,389,626$1,647,808$17,554,399
92$67,772,892$5,498,789$1,548,082$18,999,013
93$74,525,919$5,608,422$1,440,134$20,584,953
94$81,962,720$5,718,392$1,323,536$22,326,631
95$90,152,883$5,828,558$1,197,840$24,239,941
96$99,173,086$5,938,767$1,062,577$26,342,404
97$109,107,825$6,048,851$917,257$28,653,336
98$120,050,209$6,158,630$761,371$31,194,033
99$132,102,837$6,267,910$594,384$33,987,975
100$145,378,770$6,376,481$415,740$37,061,046