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%11.1%
1 years$176,719$175,145$173,609$172,110$170,647$169,856
2 years$87,485$85,855$84,276$82,745$81,260$80,462
3 years$57,744$56,107$54,532$53,016$51,555$50,774
4 years$42,876$41,245$39,686$38,195$36,769$36,012
5 years$33,958$32,337$30,798$29,337$27,951$27,220
6 years$28,015$26,405$24,889$23,461$22,117$21,412
7 years$23,771$22,175$20,683$19,289$17,987$17,309
8 years$20,590$19,008$17,541$16,181$14,922$14,270
9 years$18,116$16,550$15,108$13,783$12,567$11,942
10 years$16,139$14,588$13,171$11,881$10,707$10,109
11 years$14,522$12,987$11,596$10,340$9,209$8,636
12 years$13,176$11,656$10,291$9,069$7,980$7,433
13 years$12,038$10,534$9,194$8,007$6,959$6,437
14 years$11,063$9,575$8,261$7,108$6,100$5,603
15 years$10,219$8,747$7,459$6,339$5,371$4,898
16 years$9,481$8,025$6,762$5,676$4,747$4,297
17 years$8,831$7,391$6,154$5,100$4,209$3,781
18 years$8,253$6,829$5,617$4,596$3,742$3,337
19 years$7,737$6,330$5,142$4,153$3,336$2,951
20 years$7,273$5,882$4,719$3,761$2,979$2,615
21 years$6,854$5,479$4,341$3,413$2,666$2,322
22 years$6,473$5,114$4,001$3,104$2,390$2,065
23 years$6,127$4,783$3,694$2,826$2,145$1,838
24 years$5,809$4,481$3,416$2,578$1,928$1,639
25 years$5,517$4,206$3,164$2,354$1,735$1,462
26 years$5,248$3,953$2,935$2,153$1,563$1,306
27 years$5,000$3,720$2,725$1,970$1,409$1,167
28 years$4,770$3,505$2,533$1,805$1,271$1,044
29 years$4,556$3,307$2,358$1,655$1,148$935
30 years$4,356$3,123$2,196$1,519$1,037$837
31 years$4,170$2,952$2,047$1,395$938$750
32 years$3,996$2,793$1,910$1,282$848$673
33 years$3,832$2,645$1,783$1,179$768$603
34 years$3,679$2,507$1,666$1,085$695$541
35 years$3,535$2,378$1,558$999$630$486
36 years$3,399$2,257$1,457$920$570$436
37 years$3,271$2,144$1,364$848$517$392
38 years$3,149$2,037$1,277$781$469$352
39 years$3,034$1,937$1,197$720$425$316
40 years$2,926$1,843$1,122$664$386$284
41 years$2,823$1,754$1,052$613$350$255
42 years$2,725$1,671$987$566$317$229
43 years$2,631$1,592$926$522$288$206
44 years$2,543$1,518$869$482$261$185
45 years$2,458$1,447$816$445$237$167
46 years$2,377$1,381$766$411$216$150
47 years$2,301$1,317$720$380$196$135
48 years$2,227$1,258$677$351$178$121
49 years$2,157$1,201$636$325$161$109
50 years$2,089$1,147$598$300$147$98

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 $3,018 every year, while hoping to spend $58,575 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: 78/10/12 Blend
53$2,140,000$2,140,000$2,140,000$2,140,000
54$2,361,393$2,247,973$2,214,803$2,539,976
55$2,539,932$2,295,800$2,226,676$2,705,720
56$2,734,718$2,344,008$2,236,983$2,879,660
57$2,947,348$2,392,553$2,245,610$3,068,769
58$3,179,577$2,441,388$2,252,438$3,274,538
59$3,433,339$2,490,461$2,257,339$3,498,608
60$3,710,762$2,539,716$2,260,183$3,742,786
61$4,014,190$2,589,092$2,260,829$4,009,063
62$4,346,203$2,638,523$2,259,132$4,299,632
63$4,709,642$2,687,936$2,254,939$4,616,909
64$5,107,635$2,737,256$2,248,090$4,963,555
65$5,543,629$2,786,396$2,238,416$5,342,502
66$6,021,417$2,835,267$2,225,740$5,756,981
67$6,545,178$2,883,772$2,209,879$6,210,550
68$7,119,514$2,931,805$2,190,638$6,707,131
69$7,749,494$2,979,253$2,167,814$7,251,044
70$8,440,702$3,025,996$2,141,196$7,847,049
71$9,199,287$3,071,903$2,110,559$8,500,391
72$10,032,023$3,116,835$2,075,672$9,216,849
73$10,946,372$3,160,643$2,036,289$10,002,793
74$11,950,554$3,203,166$1,992,157$10,865,238
75$13,053,623$3,244,234$1,943,007$11,811,918
76$14,265,555$3,283,664$1,888,560$12,851,353
77$15,597,339$3,321,260$1,828,524$13,992,932
78$17,061,080$3,356,815$1,762,592$15,247,002
79$18,670,117$3,390,105$1,690,445$16,624,965
80$20,439,143$3,420,894$1,611,749$18,139,384
81$22,384,346$3,448,929$1,526,154$19,804,106
82$24,523,564$3,473,941$1,433,294$21,634,388
83$26,876,446$3,495,642$1,332,788$23,647,044
84$29,464,643$3,513,729$1,224,237$25,860,604
85$32,312,011$3,527,876$1,107,223$28,295,486
86$35,444,833$3,537,738$981,311$30,974,194
87$38,892,068$3,542,949$846,047$33,921,525
88$42,685,624$3,543,120$700,955$37,164,806
89$46,860,660$3,537,835$545,539$40,734,154
90$51,455,914$3,526,656$379,282$44,662,758
91$56,514,072$3,509,116$201,642$48,987,191
92$62,082,166$3,484,721$12,056$53,747,761
93$68,212,020$3,452,946$0$58,988,886
94$74,960,740$3,413,235$0$64,783,878
95$82,391,249$3,364,996$0$71,165,552
96$90,572,883$3,307,607$0$78,191,895
97$99,582,041$3,240,404$0$85,928,509
98$109,502,911$3,162,685$0$94,447,682
99$120,428,260$3,073,709$0$103,829,077
100$132,460,310$2,972,689$0$114,160,476