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%14%
1 years$174,242$172,690$171,176$169,698$168,254$165,467
2 years$86,258$84,652$83,095$81,585$80,121$77,321
3 years$56,934$55,321$53,768$52,273$50,832$48,106
4 years$42,275$40,667$39,129$37,659$36,254$33,624
5 years$33,482$31,883$30,366$28,926$27,560$25,032
6 years$27,622$26,035$24,540$23,132$21,807$19,386
7 years$23,438$21,864$20,393$19,018$17,735$15,420
8 years$20,301$18,742$17,295$15,954$14,713$12,504
9 years$17,862$16,318$14,896$13,589$12,390$10,287
10 years$15,913$14,383$12,987$11,714$10,557$8,557
11 years$14,319$12,805$11,433$10,195$9,080$7,180
12 years$12,991$11,493$10,147$8,942$7,868$6,068
13 years$11,869$10,386$9,065$7,895$6,861$5,157
14 years$10,908$9,441$8,145$7,008$6,014$4,403
15 years$10,076$8,624$7,354$6,250$5,296$3,774
16 years$9,348$7,913$6,668$5,596$4,680$3,246
17 years$8,707$7,287$6,067$5,028$4,150$2,799
18 years$8,137$6,734$5,539$4,531$3,690$2,419
19 years$7,629$6,241$5,070$4,094$3,289$2,095
20 years$7,171$5,799$4,653$3,708$2,938$1,818
21 years$6,758$5,402$4,280$3,365$2,629$1,579
22 years$6,383$5,042$3,945$3,060$2,356$1,374
23 years$6,041$4,716$3,642$2,787$2,115$1,196
24 years$5,728$4,419$3,369$2,542$1,901$1,043
25 years$5,440$4,147$3,120$2,321$1,711$910
26 years$5,175$3,897$2,894$2,122$1,541$794
27 years$4,930$3,668$2,687$1,943$1,389$694
28 years$4,703$3,456$2,498$1,780$1,254$606
29 years$4,492$3,260$2,324$1,632$1,132$530
30 years$4,295$3,079$2,165$1,498$1,023$464
31 years$4,111$2,911$2,019$1,376$925$406
32 years$3,940$2,754$1,883$1,264$837$355
33 years$3,779$2,608$1,758$1,163$757$311
34 years$3,627$2,472$1,643$1,070$685$272
35 years$3,485$2,345$1,536$985$621$239
36 years$3,351$2,225$1,437$907$562$209
37 years$3,225$2,114$1,345$836$510$183
38 years$3,105$2,009$1,260$770$462$160
39 years$2,992$1,910$1,180$710$419$141
40 years$2,885$1,817$1,106$655$380$123
41 years$2,783$1,730$1,037$604$345$108
42 years$2,686$1,647$973$558$313$95
43 years$2,594$1,570$913$515$284$83
44 years$2,507$1,496$857$475$258$73
45 years$2,424$1,427$805$439$234$64
46 years$2,344$1,361$756$406$212$56
47 years$2,268$1,299$710$375$193$49
48 years$2,196$1,240$667$346$175$43
49 years$2,126$1,184$627$320$159$38
50 years$2,060$1,131$590$296$145$33

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 $2,299 every year, while hoping to spend $59,007 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: 70/23/7 Blend
53$2,110,000$2,110,000$2,110,000$2,110,000
54$2,327,591$2,215,761$2,183,056$2,487,832
55$2,502,223$2,261,551$2,193,406$2,639,878
56$2,692,689$2,307,606$2,202,124$2,798,715
57$2,900,542$2,353,878$2,209,095$2,970,895
58$3,127,493$2,400,313$2,214,195$3,157,716
59$3,375,422$2,446,853$2,217,295$3,360,605
60$3,646,401$2,493,435$2,218,260$3,581,137
61$3,942,710$2,539,990$2,216,948$3,821,044
62$4,266,861$2,586,443$2,213,210$4,082,234
63$4,621,618$2,632,716$2,206,890$4,366,809
64$5,010,025$2,678,722$2,197,823$4,677,086
65$5,435,436$2,724,367$2,185,838$5,015,616
66$5,901,541$2,769,552$2,170,755$5,385,210
67$6,412,408$2,814,170$2,152,385$5,788,965
68$6,972,514$2,858,105$2,130,530$6,230,293
69$7,586,791$2,901,232$2,104,983$6,712,955
70$8,260,671$2,943,420$2,075,528$7,241,094
71$9,000,138$2,984,526$2,041,936$7,819,274
72$9,811,782$3,024,398$2,003,971$8,452,525
73$10,702,863$3,062,873$1,961,384$9,146,392
74$11,681,378$3,099,777$1,913,913$9,906,982
75$12,756,137$3,134,924$1,861,287$10,741,027
76$13,936,844$3,168,116$1,803,221$11,655,944
77$15,234,189$3,199,141$1,739,417$12,659,909
78$16,659,952$3,227,774$1,669,562$13,761,929
79$18,227,106$3,253,774$1,593,331$14,971,933
80$19,949,946$3,276,885$1,510,384$16,300,861
81$21,844,222$3,296,834$1,420,363$17,760,771
82$23,927,285$3,313,331$1,322,898$19,364,951
83$26,218,251$3,326,067$1,217,598$21,128,046
84$28,738,183$3,334,715$1,104,057$23,066,195
85$31,510,287$3,338,924$981,852$25,197,183
86$34,560,130$3,338,326$850,539$27,540,615
87$37,915,886$3,332,526$709,653$30,118,092
88$41,608,592$3,321,106$558,713$32,953,425
89$45,672,452$3,303,623$397,213$36,072,852
90$50,145,148$3,279,607$224,626$39,505,292
91$55,068,203$3,248,558$40,401$43,282,616
92$60,487,370$3,209,948$0$47,439,948
93$66,453,062$3,163,215$0$52,027,666
94$73,020,828$3,107,766$0$57,080,744
95$80,251,877$3,042,971$0$62,643,225
96$88,213,654$2,968,163$0$68,766,979
97$96,980,480$2,882,636$0$75,509,162
98$106,634,247$2,785,643$0$82,932,768
99$117,265,193$2,676,392$0$91,107,217
100$128,972,755$2,554,047$0$100,109,010