Can I retire at age 54 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$176,719$175,145$173,609$172,110$170,647$165,849
2 years$87,485$85,855$84,276$82,745$81,260$76,463
3 years$57,744$56,107$54,532$53,016$51,555$46,909
4 years$42,876$41,245$39,686$38,195$36,769$32,310
5 years$33,958$32,337$30,798$29,337$27,951$23,691
6 years$28,015$26,405$24,889$23,461$22,117$18,059
7 years$23,771$22,175$20,683$19,289$17,987$14,132
8 years$20,590$19,008$17,541$16,181$14,922$11,268
9 years$18,116$16,550$15,108$13,783$12,567$9,109
10 years$16,139$14,588$13,171$11,881$10,707$7,443
11 years$14,522$12,987$11,596$10,340$9,209$6,131
12 years$13,176$11,656$10,291$9,069$7,980$5,084
13 years$12,038$10,534$9,194$8,007$6,959$4,238
14 years$11,063$9,575$8,261$7,108$6,100$3,548
15 years$10,219$8,747$7,459$6,339$5,371$2,980
16 years$9,481$8,025$6,762$5,676$4,747$2,511
17 years$8,831$7,391$6,154$5,100$4,209$2,120
18 years$8,253$6,829$5,617$4,596$3,742$1,794
19 years$7,737$6,330$5,142$4,153$3,336$1,521
20 years$7,273$5,882$4,719$3,761$2,979$1,291
21 years$6,854$5,479$4,341$3,413$2,666$1,097
22 years$6,473$5,114$4,001$3,104$2,390$933
23 years$6,127$4,783$3,694$2,826$2,145$794
24 years$5,809$4,481$3,416$2,578$1,928$677
25 years$5,517$4,206$3,164$2,354$1,735$577
26 years$5,248$3,953$2,935$2,153$1,563$492
27 years$5,000$3,720$2,725$1,970$1,409$420
28 years$4,770$3,505$2,533$1,805$1,271$358
29 years$4,556$3,307$2,358$1,655$1,148$306
30 years$4,356$3,123$2,196$1,519$1,037$261
31 years$4,170$2,952$2,047$1,395$938$223
32 years$3,996$2,793$1,910$1,282$848$191
33 years$3,832$2,645$1,783$1,179$768$163
34 years$3,679$2,507$1,666$1,085$695$139
35 years$3,535$2,378$1,558$999$630$119
36 years$3,399$2,257$1,457$920$570$102
37 years$3,271$2,144$1,364$848$517$87
38 years$3,149$2,037$1,277$781$469$74
39 years$3,034$1,937$1,197$720$425$64
40 years$2,926$1,843$1,122$664$386$54
41 years$2,823$1,754$1,052$613$350$47
42 years$2,725$1,671$987$566$317$40
43 years$2,631$1,592$926$522$288$34
44 years$2,543$1,518$869$482$261$29
45 years$2,458$1,447$816$445$237$25
46 years$2,377$1,381$766$411$216$21
47 years$2,301$1,317$720$380$196$18
48 years$2,227$1,258$677$351$178$16
49 years$2,157$1,201$636$325$161$13
50 years$2,089$1,147$598$300$147$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,140,000, adding $3,438 every year, while hoping to spend $25,507 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: 31/49/20 Blend
53$2,140,000$2,140,000$2,140,000$2,140,000
54$2,361,826$2,248,406$2,215,236$2,420,219
55$2,575,593$2,331,439$2,262,307$2,547,568
56$2,810,310$2,417,685$2,310,101$2,682,015
57$3,068,085$2,507,276$2,358,613$2,826,209
58$3,351,245$2,600,347$2,407,841$2,981,014
59$3,662,348$2,697,040$2,457,780$3,147,375
60$4,004,216$2,797,504$2,508,424$3,326,331
61$4,379,956$2,901,891$2,559,766$3,519,023
62$4,792,992$3,010,364$2,611,799$3,726,700
63$5,247,095$3,123,090$2,664,512$3,950,735
64$5,746,421$3,240,245$2,717,896$4,192,636
65$6,295,549$3,362,009$2,771,938$4,454,058
66$6,899,521$3,488,574$2,826,625$4,736,819
67$7,563,897$3,620,139$2,881,941$5,042,917
68$8,294,798$3,756,909$2,937,870$5,374,547
69$9,098,972$3,899,102$2,994,393$5,734,121
70$9,983,852$4,046,943$3,051,490$6,124,289
71$10,957,628$4,200,667$3,109,139$6,547,967
72$12,029,326$4,360,519$3,167,314$7,008,358
73$13,208,888$4,526,755$3,225,990$7,508,986
74$14,507,272$4,699,643$3,285,138$8,053,725
75$15,936,549$4,879,462$3,344,726$8,646,836
76$17,510,024$5,066,502$3,404,720$9,293,007
77$19,242,353$5,261,067$3,465,085$9,997,393
78$21,149,688$5,463,474$3,525,781$10,765,668
79$23,249,827$5,674,055$3,586,765$11,604,072
80$25,562,380$5,893,155$3,647,993$12,519,474
81$28,108,958$6,121,134$3,709,415$13,519,431
82$30,913,371$6,358,370$3,770,981$14,612,262
83$34,001,860$6,605,255$3,832,633$15,807,119
84$37,403,338$6,862,201$3,894,314$17,114,081
85$41,149,665$7,129,635$3,955,960$18,544,238
86$45,275,949$7,408,005$4,017,504$20,109,801
87$49,820,879$7,697,781$4,078,873$21,824,211
88$54,827,085$7,999,448$4,139,991$23,702,269
89$60,341,545$8,313,519$4,200,779$25,760,267
90$66,416,026$8,640,524$4,261,148$28,016,147
91$73,107,573$8,981,022$4,321,009$30,489,663
92$80,479,046$9,335,594$4,380,264$33,202,570
93$88,599,717$9,704,846$4,438,811$36,178,823
94$97,545,919$10,089,414$4,496,541$39,444,801
95$107,401,767$10,489,959$4,553,340$43,029,560
96$118,259,956$10,907,176$4,609,085$46,965,095
97$130,222,631$11,341,787$4,663,650$51,286,647
98$143,402,354$11,794,550$4,716,897$56,033,030
99$157,923,165$12,266,254$4,768,683$61,246,997
100$173,921,752$12,757,725$4,818,859$66,975,635