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

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$176,719$175,145$173,609$172,110$170,647$166,724
2 years$87,485$85,855$84,276$82,745$81,260$77,330
3 years$57,744$56,107$54,532$53,016$51,555$47,740
4 years$42,876$41,245$39,686$38,195$36,769$33,099
5 years$33,958$32,337$30,798$29,337$27,951$24,436
6 years$28,015$26,405$24,889$23,461$22,117$18,760
7 years$23,771$22,175$20,683$19,289$17,987$14,789
8 years$20,590$19,008$17,541$16,181$14,922$11,881
9 years$18,116$16,550$15,108$13,783$12,567$9,681
10 years$16,139$14,588$13,171$11,881$10,707$7,974
11 years$14,522$12,987$11,596$10,340$9,209$6,624
12 years$13,176$11,656$10,291$9,069$7,980$5,540
13 years$12,038$10,534$9,194$8,007$6,959$4,658
14 years$11,063$9,575$8,261$7,108$6,100$3,935
15 years$10,219$8,747$7,459$6,339$5,371$3,335
16 years$9,481$8,025$6,762$5,676$4,747$2,836
17 years$8,831$7,391$6,154$5,100$4,209$2,418
18 years$8,253$6,829$5,617$4,596$3,742$2,066
19 years$7,737$6,330$5,142$4,153$3,336$1,768
20 years$7,273$5,882$4,719$3,761$2,979$1,516
21 years$6,854$5,479$4,341$3,413$2,666$1,301
22 years$6,473$5,114$4,001$3,104$2,390$1,118
23 years$6,127$4,783$3,694$2,826$2,145$961
24 years$5,809$4,481$3,416$2,578$1,928$827
25 years$5,517$4,206$3,164$2,354$1,735$713
26 years$5,248$3,953$2,935$2,153$1,563$614
27 years$5,000$3,720$2,725$1,970$1,409$530
28 years$4,770$3,505$2,533$1,805$1,271$457
29 years$4,556$3,307$2,358$1,655$1,148$394
30 years$4,356$3,123$2,196$1,519$1,037$340
31 years$4,170$2,952$2,047$1,395$938$294
32 years$3,996$2,793$1,910$1,282$848$254
33 years$3,832$2,645$1,783$1,179$768$219
34 years$3,679$2,507$1,666$1,085$695$190
35 years$3,535$2,378$1,558$999$630$164
36 years$3,399$2,257$1,457$920$570$142
37 years$3,271$2,144$1,364$848$517$122
38 years$3,149$2,037$1,277$781$469$106
39 years$3,034$1,937$1,197$720$425$91
40 years$2,926$1,843$1,122$664$386$79
41 years$2,823$1,754$1,052$613$350$68
42 years$2,725$1,671$987$566$317$59
43 years$2,631$1,592$926$522$288$51
44 years$2,543$1,518$869$482$261$44
45 years$2,458$1,447$816$445$237$38
46 years$2,377$1,381$766$411$216$33
47 years$2,301$1,317$720$380$196$29
48 years$2,227$1,258$677$351$178$25
49 years$2,157$1,201$636$325$161$21
50 years$2,089$1,147$598$300$147$19

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 $4,638 every year, while hoping to spend $46,595 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: 85/5/10 Blend
53$2,140,000$2,140,000$2,140,000$2,140,000
54$2,363,064$2,249,644$2,216,474$2,560,106
55$2,554,520$2,310,300$2,241,149$2,750,203
56$2,763,943$2,372,366$2,265,089$2,952,243
57$2,993,115$2,435,863$2,288,221$3,172,779
58$3,244,002$2,500,809$2,310,465$3,413,644
59$3,518,766$2,567,224$2,331,741$3,676,856
60$3,819,787$2,635,126$2,351,962$3,964,637
61$4,149,689$2,704,530$2,371,036$4,279,437
62$4,511,360$2,775,455$2,388,868$4,623,951
63$4,907,981$2,847,914$2,405,358$5,001,150
64$5,343,056$2,921,923$2,420,398$5,414,306
65$5,820,444$2,997,494$2,433,878$5,867,023
66$6,344,396$3,074,638$2,445,679$6,363,272
67$6,919,595$3,153,365$2,455,680$6,907,427
68$7,551,198$3,233,685$2,463,750$7,504,306
69$8,244,888$3,315,602$2,469,753$8,159,218
70$9,006,923$3,399,124$2,473,546$8,878,012
71$9,844,198$3,484,250$2,474,979$9,667,131
72$10,764,311$3,570,983$2,473,896$10,533,675
73$11,775,630$3,659,320$2,470,130$11,485,466
74$12,887,374$3,749,257$2,463,509$12,531,122
75$14,109,701$3,840,785$2,453,851$13,680,139
76$15,453,801$3,933,894$2,440,966$14,942,978
77$16,932,004$4,028,570$2,424,654$16,331,168
78$18,557,894$4,124,796$2,404,706$17,857,410
79$20,346,438$4,222,550$2,380,902$19,535,701
80$22,314,126$4,321,806$2,353,013$21,381,462
81$24,479,128$4,422,535$2,320,800$23,411,687
82$26,861,461$4,524,702$2,284,009$25,645,098
83$29,483,185$4,628,267$2,242,378$28,102,330
84$32,368,603$4,733,185$2,195,631$30,806,117
85$35,544,495$4,839,406$2,143,479$33,781,512
86$39,040,368$4,946,871$2,085,620$37,056,119
87$42,888,736$5,055,518$2,021,739$40,660,359
88$47,125,424$5,165,276$1,951,504$44,627,753
89$51,789,908$5,276,065$1,874,571$48,995,237
90$56,925,687$5,387,801$1,790,577$53,803,516
91$62,580,692$5,500,388$1,699,146$59,097,442
92$68,807,738$5,613,722$1,599,883$64,926,443
93$75,665,022$5,727,689$1,492,374$71,344,982
94$83,216,675$5,842,166$1,376,189$78,413,082
95$91,533,361$5,957,018$1,250,877$86,196,879
96$100,692,950$6,072,098$1,115,967$94,769,258
97$110,781,248$6,187,248$970,969$104,210,536
98$121,892,806$6,302,294$815,368$114,609,217
99$134,131,818$6,417,052$648,628$126,062,834
100$147,613,096$6,531,320$470,190$138,678,864