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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$174,242$172,690$171,176$169,698$168,254$166,914
2 years$86,258$84,652$83,095$81,585$80,121$78,770
3 years$56,934$55,321$53,768$52,273$50,832$49,512
4 years$42,275$40,667$39,129$37,659$36,254$34,975
5 years$33,482$31,883$30,366$28,926$27,560$26,326
6 years$27,622$26,035$24,540$23,132$21,807$20,620
7 years$23,438$21,864$20,393$19,018$17,735$16,595
8 years$20,301$18,742$17,295$15,954$14,713$13,620
9 years$17,862$16,318$14,896$13,589$12,390$11,345
10 years$15,913$14,383$12,987$11,714$10,557$9,558
11 years$14,319$12,805$11,433$10,195$9,080$8,125
12 years$12,991$11,493$10,147$8,942$7,868$6,959
13 years$11,869$10,386$9,065$7,895$6,861$5,995
14 years$10,908$9,441$8,145$7,008$6,014$5,191
15 years$10,076$8,624$7,354$6,250$5,296$4,514
16 years$9,348$7,913$6,668$5,596$4,680$3,938
17 years$8,707$7,287$6,067$5,028$4,150$3,447
18 years$8,137$6,734$5,539$4,531$3,690$3,024
19 years$7,629$6,241$5,070$4,094$3,289$2,660
20 years$7,171$5,799$4,653$3,708$2,938$2,344
21 years$6,758$5,402$4,280$3,365$2,629$2,068
22 years$6,383$5,042$3,945$3,060$2,356$1,828
23 years$6,041$4,716$3,642$2,787$2,115$1,618
24 years$5,728$4,419$3,369$2,542$1,901$1,433
25 years$5,440$4,147$3,120$2,321$1,711$1,271
26 years$5,175$3,897$2,894$2,122$1,541$1,128
27 years$4,930$3,668$2,687$1,943$1,389$1,002
28 years$4,703$3,456$2,498$1,780$1,254$891
29 years$4,492$3,260$2,324$1,632$1,132$792
30 years$4,295$3,079$2,165$1,498$1,023$705
31 years$4,111$2,911$2,019$1,376$925$628
32 years$3,940$2,754$1,883$1,264$837$559
33 years$3,779$2,608$1,758$1,163$757$498
34 years$3,627$2,472$1,643$1,070$685$444
35 years$3,485$2,345$1,536$985$621$396
36 years$3,351$2,225$1,437$907$562$353
37 years$3,225$2,114$1,345$836$510$315
38 years$3,105$2,009$1,260$770$462$281
39 years$2,992$1,910$1,180$710$419$251
40 years$2,885$1,817$1,106$655$380$224
41 years$2,783$1,730$1,037$604$345$200
42 years$2,686$1,647$973$558$313$178
43 years$2,594$1,570$913$515$284$159
44 years$2,507$1,496$857$475$258$142
45 years$2,424$1,427$805$439$234$127
46 years$2,344$1,361$756$406$212$113
47 years$2,268$1,299$710$375$193$101
48 years$2,196$1,240$667$346$175$90
49 years$2,126$1,184$627$320$159$81
50 years$2,060$1,131$590$296$145$72

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 $2,164 every year, while hoping to spend $43,124 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: 80/12/8 Blend
53$2,110,000$2,110,000$2,110,000$2,110,000
54$2,327,452$2,215,622$2,182,917$2,511,067
55$2,518,969$2,278,304$2,210,161$2,694,389
56$2,728,575$2,342,612$2,236,873$2,889,611
57$2,958,069$2,408,580$2,262,988$3,102,531
58$3,209,435$2,476,243$2,288,441$3,334,896
59$3,484,853$2,545,635$2,313,160$3,588,626
60$3,786,728$2,616,791$2,337,070$3,865,841
61$4,117,707$2,689,746$2,360,094$4,168,871
62$4,480,704$2,764,535$2,382,149$4,500,284
63$4,878,931$2,841,192$2,403,146$4,862,909
64$5,315,925$2,919,754$2,422,994$5,259,860
65$5,795,582$3,000,254$2,441,597$5,694,569
66$6,322,193$3,082,728$2,458,852$6,170,815
67$6,900,485$3,167,210$2,474,652$6,692,762
68$7,535,666$3,253,735$2,488,884$7,264,995
69$8,233,472$3,342,336$2,501,430$7,892,567
70$9,000,223$3,433,048$2,512,166$8,581,042
71$9,842,882$3,525,903$2,520,959$9,336,553
72$10,769,118$3,620,934$2,527,673$10,165,854
73$11,787,381$3,718,173$2,532,163$11,076,387
74$12,906,981$3,817,651$2,534,278$12,076,352
75$14,138,174$3,919,397$2,533,858$13,174,780
76$15,492,262$4,023,442$2,530,736$14,381,625
77$16,981,695$4,129,813$2,524,738$15,707,853
78$18,620,191$4,238,536$2,515,679$17,165,546
79$20,422,863$4,349,637$2,503,367$18,768,015
80$22,406,365$4,463,140$2,487,600$20,529,929
81$24,589,047$4,579,066$2,468,167$22,467,450
82$26,991,124$4,697,435$2,444,846$24,598,386
83$29,634,875$4,818,265$2,417,404$26,942,358
84$32,544,844$4,941,571$2,385,598$29,520,989
85$35,748,076$5,067,367$2,349,174$32,358,103
86$39,274,374$5,195,661$2,307,865$35,479,952
87$43,156,573$5,326,462$2,261,392$38,915,463
88$47,430,858$5,459,773$2,209,463$42,696,511
89$52,137,098$5,595,595$2,151,772$46,858,222
90$57,319,225$5,733,922$2,088,000$51,439,300
91$63,025,650$5,874,748$2,017,812$56,482,394
92$69,309,716$6,018,061$1,940,859$62,034,502
93$76,230,204$6,163,842$1,856,774$68,147,413
94$83,851,884$6,312,070$1,765,175$74,878,196
95$92,246,131$6,462,716$1,665,663$82,289,736
96$101,491,594$6,615,747$1,557,821$90,451,334
97$111,674,939$6,771,121$1,441,210$99,439,353
98$122,891,669$6,928,792$1,315,377$109,337,945
99$135,247,020$7,088,704$1,179,843$120,239,841
100$148,856,960$7,250,794$1,034,111$132,247,229