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

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$175,893$174,327$172,798$171,306$169,849$165,141
2 years$87,076$85,454$83,883$82,359$80,881$76,172
3 years$57,474$55,845$54,278$52,768$51,314$46,753
4 years$42,676$41,052$39,500$38,016$36,598$32,219
5 years$33,799$32,185$30,654$29,200$27,821$23,636
6 years$27,884$26,282$24,773$23,352$22,014$18,027
7 years$23,660$22,071$20,586$19,199$17,903$14,115
8 years$20,493$18,919$17,459$16,105$14,852$11,261
9 years$18,032$16,473$15,037$13,718$12,508$9,109
10 years$16,064$14,520$13,110$11,825$10,657$7,447
11 years$14,455$12,926$11,542$10,291$9,166$6,139
12 years$13,115$11,602$10,243$9,027$7,943$5,094
13 years$11,982$10,485$9,151$7,969$6,926$4,249
14 years$11,011$9,530$8,223$7,074$6,071$3,559
15 years$10,171$8,706$7,424$6,309$5,346$2,992
16 years$9,437$7,988$6,731$5,649$4,725$2,523
17 years$8,789$7,356$6,125$5,076$4,189$2,132
18 years$8,215$6,798$5,591$4,574$3,725$1,805
19 years$7,701$6,300$5,118$4,133$3,320$1,531
20 years$7,239$5,854$4,697$3,743$2,966$1,301
21 years$6,822$5,453$4,321$3,397$2,654$1,106
22 years$6,443$5,090$3,982$3,089$2,379$942
23 years$6,098$4,761$3,677$2,813$2,135$802
24 years$5,782$4,460$3,400$2,566$1,919$684
25 years$5,491$4,186$3,150$2,343$1,727$584
26 years$5,224$3,934$2,921$2,143$1,556$498
27 years$4,977$3,702$2,712$1,961$1,403$425
28 years$4,747$3,489$2,522$1,797$1,266$363
29 years$4,534$3,291$2,347$1,648$1,143$311
30 years$4,336$3,108$2,186$1,512$1,033$265
31 years$4,150$2,938$2,038$1,389$934$227
32 years$3,977$2,780$1,901$1,276$844$194
33 years$3,815$2,633$1,775$1,174$764$166
34 years$3,662$2,495$1,659$1,080$692$142
35 years$3,518$2,367$1,551$994$627$121
36 years$3,383$2,247$1,451$916$568$104
37 years$3,255$2,134$1,358$844$515$89
38 years$3,135$2,028$1,271$778$467$76
39 years$3,020$1,928$1,191$717$423$65
40 years$2,912$1,835$1,117$661$384$56
41 years$2,809$1,746$1,047$610$348$48
42 years$2,712$1,663$982$563$316$41
43 years$2,619$1,585$922$520$287$35
44 years$2,531$1,510$865$480$260$30
45 years$2,447$1,440$812$443$236$26
46 years$2,366$1,374$763$409$215$22
47 years$2,290$1,311$717$378$195$19
48 years$2,217$1,252$674$350$177$16
49 years$2,147$1,195$633$323$161$14
50 years$2,080$1,142$595$299$146$12

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 $6,017 every year, while hoping to spend $48,375 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: 64/13/23 Blend
53$2,130,000$2,130,000$2,130,000$2,130,000
54$2,353,467$2,240,577$2,207,562$2,489,656
55$2,542,049$2,298,894$2,230,044$2,640,534
56$2,748,247$2,358,448$2,251,659$2,799,349
57$2,973,803$2,419,248$2,272,325$2,971,766
58$3,220,642$2,481,301$2,291,958$3,159,122
59$3,490,879$2,544,616$2,310,470$3,362,890
60$3,786,844$2,609,198$2,327,767$3,584,693
61$4,111,104$2,675,051$2,343,749$3,826,317
62$4,466,486$2,742,178$2,358,314$4,089,732
63$4,856,103$2,810,580$2,371,353$4,377,108
64$5,283,383$2,880,256$2,382,750$4,690,836
65$5,752,102$2,951,202$2,392,386$5,033,549
66$6,266,419$3,023,414$2,400,134$5,408,152
67$6,830,916$3,096,883$2,405,861$5,817,842
68$7,450,640$3,171,601$2,409,427$6,266,144
69$8,131,148$3,247,553$2,410,687$6,756,943
70$8,878,566$3,324,724$2,409,486$7,294,519
71$9,699,639$3,403,094$2,405,663$7,883,588
72$10,601,798$3,482,642$2,399,048$8,529,350
73$11,593,231$3,563,340$2,389,465$9,237,533
74$12,682,956$3,645,160$2,376,728$10,014,449
75$13,880,911$3,728,065$2,360,641$10,867,056
76$15,198,042$3,812,019$2,341,001$11,803,021
77$16,646,410$3,896,976$2,317,593$12,830,795
78$18,239,305$3,982,889$2,290,193$13,959,689
79$19,991,366$4,069,702$2,258,567$15,199,966
80$21,918,724$4,157,357$2,222,468$16,562,937
81$24,039,152$4,245,786$2,181,639$18,061,066
82$26,372,233$4,334,916$2,135,811$19,708,090
83$28,939,542$4,424,669$2,084,702$21,519,150
84$31,764,853$4,514,955$2,028,017$23,510,930
85$34,874,361$4,605,680$1,965,448$25,701,819
86$38,296,927$4,696,740$1,896,672$28,112,082
87$42,064,354$4,788,021$1,821,351$30,764,053
88$46,211,685$4,879,400$1,739,133$33,682,348
89$50,777,531$4,970,746$1,649,648$36,894,092
90$55,804,440$5,061,913$1,552,513$40,429,182
91$61,339,294$5,152,747$1,447,322$44,320,567
92$67,433,750$5,243,080$1,333,656$48,604,558
93$74,144,733$5,332,732$1,211,074$53,321,173
94$81,534,968$5,421,508$1,079,117$58,514,516
95$89,673,572$5,509,199$937,305$64,233,191
96$98,636,708$5,595,581$785,136$70,530,765
97$108,508,301$5,680,414$622,087$77,466,272
98$119,380,833$5,763,439$447,612$85,104,773
99$131,356,210$5,844,379$261,139$93,517,967
100$144,546,729$5,922,940$62,073$102,784,875