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%18.6%
1 years$175,893$174,327$172,798$171,306$169,849$163,953
2 years$87,076$85,454$83,883$82,359$80,881$75,001
3 years$57,474$55,845$54,278$52,768$51,314$45,636
4 years$42,676$41,052$39,500$38,016$36,598$31,165
5 years$33,799$32,185$30,654$29,200$27,821$22,648
6 years$27,884$26,282$24,773$23,352$22,014$17,104
7 years$23,660$22,071$20,586$19,199$17,903$13,255
8 years$20,493$18,919$17,459$16,105$14,852$10,463
9 years$18,032$16,473$15,037$13,718$12,508$8,372
10 years$16,064$14,520$13,110$11,825$10,657$6,768
11 years$14,455$12,926$11,542$10,291$9,166$5,514
12 years$13,115$11,602$10,243$9,027$7,943$4,521
13 years$11,982$10,485$9,151$7,969$6,926$3,726
14 years$11,011$9,530$8,223$7,074$6,071$3,082
15 years$10,171$8,706$7,424$6,309$5,346$2,558
16 years$9,437$7,988$6,731$5,649$4,725$2,129
17 years$8,789$7,356$6,125$5,076$4,189$1,776
18 years$8,215$6,798$5,591$4,574$3,725$1,484
19 years$7,701$6,300$5,118$4,133$3,320$1,242
20 years$7,239$5,854$4,697$3,743$2,966$1,040
21 years$6,822$5,453$4,321$3,397$2,654$872
22 years$6,443$5,090$3,982$3,089$2,379$732
23 years$6,098$4,761$3,677$2,813$2,135$615
24 years$5,782$4,460$3,400$2,566$1,919$517
25 years$5,491$4,186$3,150$2,343$1,727$435
26 years$5,224$3,934$2,921$2,143$1,556$366
27 years$4,977$3,702$2,712$1,961$1,403$308
28 years$4,747$3,489$2,522$1,797$1,266$259
29 years$4,534$3,291$2,347$1,648$1,143$218
30 years$4,336$3,108$2,186$1,512$1,033$184
31 years$4,150$2,938$2,038$1,389$934$155
32 years$3,977$2,780$1,901$1,276$844$130
33 years$3,815$2,633$1,775$1,174$764$110
34 years$3,662$2,495$1,659$1,080$692$93
35 years$3,518$2,367$1,551$994$627$78
36 years$3,383$2,247$1,451$916$568$66
37 years$3,255$2,134$1,358$844$515$55
38 years$3,135$2,028$1,271$778$467$47
39 years$3,020$1,928$1,191$717$423$39
40 years$2,912$1,835$1,117$661$384$33
41 years$2,809$1,746$1,047$610$348$28
42 years$2,712$1,663$982$563$316$24
43 years$2,619$1,585$922$520$287$20
44 years$2,531$1,510$865$480$260$17
45 years$2,447$1,440$812$443$236$14
46 years$2,366$1,374$763$409$215$12
47 years$2,290$1,311$717$378$195$10
48 years$2,217$1,252$674$350$177$8
49 years$2,147$1,195$633$323$161$7
50 years$2,080$1,142$595$299$146$6

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 $2,809 every year, while hoping to spend $25,859 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: 49/31/20 Blend
53$2,130,000$2,130,000$2,130,000$2,130,000
54$2,350,157$2,237,267$2,204,252$2,451,986
55$2,562,360$2,319,380$2,250,581$2,605,035
56$2,795,340$2,404,649$2,297,595$2,768,348
57$3,051,190$2,493,202$2,345,290$2,945,222
58$3,332,215$2,585,173$2,393,661$3,136,942
59$3,640,953$2,680,698$2,442,701$3,344,923
60$3,980,202$2,779,924$2,492,402$3,570,721
61$4,353,041$2,882,999$2,542,757$3,816,047
62$4,762,866$2,990,081$2,593,754$4,082,783
63$5,213,417$3,101,333$2,645,383$4,372,998
64$5,708,813$3,216,926$2,697,631$4,688,971
65$6,253,594$3,337,037$2,750,483$5,033,208
66$6,852,760$3,461,852$2,803,924$5,408,466
67$7,511,822$3,591,563$2,857,937$5,817,779
68$8,236,852$3,726,373$2,912,501$6,264,488
69$9,034,537$3,866,492$2,967,596$6,752,269
70$9,912,248$4,012,139$3,023,199$7,285,167
71$10,878,106$4,163,542$3,079,285$7,867,638
72$11,941,058$4,320,940$3,135,826$8,504,584
73$13,110,962$4,484,583$3,192,792$9,201,405
74$14,398,682$4,654,729$3,250,153$9,964,043
75$15,816,187$4,831,650$3,307,872$10,799,043
76$17,376,666$5,015,629$3,365,914$11,713,612
77$19,094,652$5,206,961$3,424,238$12,715,684
78$20,986,157$5,405,953$3,482,800$13,813,997
79$23,068,827$5,612,926$3,541,556$15,018,175
80$25,362,105$5,828,218$3,600,456$16,338,816
81$27,887,416$6,052,176$3,659,448$17,787,591
82$30,668,367$6,285,168$3,718,474$19,377,356
83$33,730,973$6,527,573$3,777,475$21,122,269
84$37,103,900$6,779,792$3,836,388$23,037,926
85$40,818,734$7,042,238$3,895,144$25,141,506
86$44,910,284$7,315,347$3,953,670$27,451,928
87$49,416,905$7,599,571$4,011,890$29,990,038
88$54,380,864$7,895,384$4,069,723$32,778,794
89$59,848,734$8,203,281$4,127,081$35,843,488
90$65,871,840$8,523,776$4,183,873$39,211,984
91$72,506,736$8,857,409$4,240,001$42,914,976
92$79,815,745$9,204,744$4,295,362$46,986,277
93$87,867,542$9,566,367$4,349,848$51,463,142
94$96,737,805$9,942,894$4,403,343$56,386,609
95$106,509,931$10,334,965$4,455,724$61,801,895
96$117,275,817$10,743,252$4,506,864$67,758,815
97$129,136,732$11,168,453$4,556,626$74,312,251
98$142,204,273$11,611,301$4,604,866$81,522,672
99$156,601,413$12,072,559$4,651,434$89,456,698
100$172,463,670$12,553,027$4,696,169$98,187,733