Can I retire at age 54 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$175,893$174,327$172,798$171,306$169,849$169,062
2 years$87,076$85,454$83,883$82,359$80,881$80,086
3 years$57,474$55,845$54,278$52,768$51,314$50,537
4 years$42,676$41,052$39,500$38,016$36,598$35,844
5 years$33,799$32,185$30,654$29,200$27,821$27,092
6 years$27,884$26,282$24,773$23,352$22,014$21,312
7 years$23,660$22,071$20,586$19,199$17,903$17,228
8 years$20,493$18,919$17,459$16,105$14,852$14,204
9 years$18,032$16,473$15,037$13,718$12,508$11,886
10 years$16,064$14,520$13,110$11,825$10,657$10,062
11 years$14,455$12,926$11,542$10,291$9,166$8,596
12 years$13,115$11,602$10,243$9,027$7,943$7,398
13 years$11,982$10,485$9,151$7,969$6,926$6,407
14 years$11,011$9,530$8,223$7,074$6,071$5,577
15 years$10,171$8,706$7,424$6,309$5,346$4,875
16 years$9,437$7,988$6,731$5,649$4,725$4,277
17 years$8,789$7,356$6,125$5,076$4,189$3,764
18 years$8,215$6,798$5,591$4,574$3,725$3,321
19 years$7,701$6,300$5,118$4,133$3,320$2,937
20 years$7,239$5,854$4,697$3,743$2,966$2,603
21 years$6,822$5,453$4,321$3,397$2,654$2,311
22 years$6,443$5,090$3,982$3,089$2,379$2,055
23 years$6,098$4,761$3,677$2,813$2,135$1,830
24 years$5,782$4,460$3,400$2,566$1,919$1,631
25 years$5,491$4,186$3,150$2,343$1,727$1,455
26 years$5,224$3,934$2,921$2,143$1,556$1,300
27 years$4,977$3,702$2,712$1,961$1,403$1,162
28 years$4,747$3,489$2,522$1,797$1,266$1,039
29 years$4,534$3,291$2,347$1,648$1,143$930
30 years$4,336$3,108$2,186$1,512$1,033$833
31 years$4,150$2,938$2,038$1,389$934$747
32 years$3,977$2,780$1,901$1,276$844$669
33 years$3,815$2,633$1,775$1,174$764$600
34 years$3,662$2,495$1,659$1,080$692$539
35 years$3,518$2,367$1,551$994$627$484
36 years$3,383$2,247$1,451$916$568$434
37 years$3,255$2,134$1,358$844$515$390
38 years$3,135$2,028$1,271$778$467$350
39 years$3,020$1,928$1,191$717$423$315
40 years$2,912$1,835$1,117$661$384$283
41 years$2,809$1,746$1,047$610$348$254
42 years$2,712$1,663$982$563$316$228
43 years$2,619$1,585$922$520$287$205
44 years$2,531$1,510$865$480$260$185
45 years$2,447$1,440$812$443$236$166
46 years$2,366$1,374$763$409$215$149
47 years$2,290$1,311$717$378$195$134
48 years$2,217$1,252$674$350$177$121
49 years$2,147$1,195$633$323$161$109
50 years$2,080$1,142$595$299$146$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,130,000, adding $3,473 every year, while hoping to spend $29,796 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: 51/43/6 Blend
53$2,130,000$2,130,000$2,130,000$2,130,000
54$2,350,842$2,237,952$2,204,937$2,467,153
55$2,558,926$2,315,909$2,247,100$2,624,528
56$2,787,235$2,396,688$2,289,677$2,791,994
57$3,037,801$2,480,394$2,332,649$2,973,317
58$3,312,863$2,567,139$2,375,999$3,169,803
59$3,614,885$2,657,039$2,419,705$3,382,889
60$3,946,583$2,750,213$2,463,745$3,614,154
61$4,310,947$2,846,787$2,508,093$3,865,334
62$4,711,275$2,946,890$2,552,725$4,138,337
63$5,151,194$3,050,657$2,597,611$4,435,263
64$5,634,706$3,158,229$2,642,721$4,758,422
65$6,166,215$3,269,752$2,688,022$5,110,354
66$6,750,577$3,385,378$2,733,478$5,493,854
67$7,393,139$3,505,265$2,779,053$5,911,995
68$8,099,794$3,629,577$2,824,706$6,368,163
69$8,877,033$3,758,486$2,870,393$6,866,079
70$9,732,008$3,892,170$2,916,069$7,409,841
71$10,672,601$4,030,815$2,961,686$8,003,960
72$11,707,494$4,174,612$3,007,190$8,653,398
73$12,846,255$4,323,764$3,052,527$9,363,620
74$14,099,423$4,478,479$3,097,637$10,140,642
75$15,478,615$4,638,975$3,142,458$10,991,084
76$16,996,627$4,805,478$3,186,924$11,922,239
77$18,667,561$4,978,225$3,230,964$12,942,133
78$20,506,954$5,157,460$3,274,503$14,059,605
79$22,531,928$5,343,440$3,317,464$15,284,387
80$24,761,347$5,536,431$3,359,761$16,627,198
81$27,215,998$5,736,710$3,401,307$18,099,840
82$29,918,787$5,944,565$3,442,007$19,715,311
83$32,894,953$6,160,299$3,481,765$21,487,925
84$36,172,308$6,384,224$3,520,474$23,433,450
85$39,781,499$6,616,666$3,558,025$25,569,248
86$43,756,295$6,857,966$3,594,302$27,914,445
87$48,133,908$7,108,477$3,629,182$30,490,109
88$52,955,344$7,368,570$3,662,537$33,319,443
89$58,265,787$7,638,628$3,694,230$36,428,007
90$64,115,029$7,919,052$3,724,118$39,843,958
91$70,557,937$8,210,261$3,752,051$43,598,310
92$77,654,971$8,512,688$3,777,870$47,725,231
93$85,472,757$8,826,789$3,801,407$52,262,360
94$94,084,712$9,153,035$3,822,487$57,251,162
95$103,571,738$9,491,919$3,840,927$62,737,316
96$114,022,989$9,843,957$3,856,531$68,771,148
97$125,536,705$10,209,682$3,869,097$75,408,102
98$138,221,147$10,589,654$3,878,409$82,709,259
99$152,195,612$10,984,456$3,884,244$90,741,918
100$167,591,564$11,394,694$3,886,366$99,580,222