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%14.2%
1 years$176,719$175,145$173,609$172,110$170,647$167,682
2 years$87,485$85,855$84,276$82,745$81,260$78,283
3 years$57,744$56,107$54,532$53,016$51,555$48,657
4 years$42,876$41,245$39,686$38,195$36,769$33,974
5 years$33,958$32,337$30,798$29,337$27,951$25,267
6 years$28,015$26,405$24,889$23,461$22,117$19,546
7 years$23,771$22,175$20,683$19,289$17,987$15,531
8 years$20,590$19,008$17,541$16,181$14,922$12,579
9 years$18,116$16,550$15,108$13,783$12,567$10,336
10 years$16,139$14,588$13,171$11,881$10,707$8,587
11 years$14,522$12,987$11,596$10,340$9,209$7,197
12 years$13,176$11,656$10,291$9,069$7,980$6,074
13 years$12,038$10,534$9,194$8,007$6,959$5,155
14 years$11,063$9,575$8,261$7,108$6,100$4,396
15 years$10,219$8,747$7,459$6,339$5,371$3,763
16 years$9,481$8,025$6,762$5,676$4,747$3,231
17 years$8,831$7,391$6,154$5,100$4,209$2,783
18 years$8,253$6,829$5,617$4,596$3,742$2,402
19 years$7,737$6,330$5,142$4,153$3,336$2,077
20 years$7,273$5,882$4,719$3,761$2,979$1,799
21 years$6,854$5,479$4,341$3,413$2,666$1,561
22 years$6,473$5,114$4,001$3,104$2,390$1,356
23 years$6,127$4,783$3,694$2,826$2,145$1,179
24 years$5,809$4,481$3,416$2,578$1,928$1,026
25 years$5,517$4,206$3,164$2,354$1,735$894
26 years$5,248$3,953$2,935$2,153$1,563$779
27 years$5,000$3,720$2,725$1,970$1,409$679
28 years$4,770$3,505$2,533$1,805$1,271$593
29 years$4,556$3,307$2,358$1,655$1,148$517
30 years$4,356$3,123$2,196$1,519$1,037$452
31 years$4,170$2,952$2,047$1,395$938$395
32 years$3,996$2,793$1,910$1,282$848$345
33 years$3,832$2,645$1,783$1,179$768$301
34 years$3,679$2,507$1,666$1,085$695$264
35 years$3,535$2,378$1,558$999$630$230
36 years$3,399$2,257$1,457$920$570$202
37 years$3,271$2,144$1,364$848$517$176
38 years$3,149$2,037$1,277$781$469$154
39 years$3,034$1,937$1,197$720$425$135
40 years$2,926$1,843$1,122$664$386$118
41 years$2,823$1,754$1,052$613$350$103
42 years$2,725$1,671$987$566$317$90
43 years$2,631$1,592$926$522$288$79
44 years$2,543$1,518$869$482$261$69
45 years$2,458$1,447$816$445$237$61
46 years$2,377$1,381$766$411$216$53
47 years$2,301$1,317$720$380$196$46
48 years$2,227$1,258$677$351$178$41
49 years$2,157$1,201$636$325$161$36
50 years$2,089$1,147$598$300$147$31

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 $5,679 every year, while hoping to spend $37,645 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: 59/22/19 Blend
53$2,140,000$2,140,000$2,140,000$2,140,000
54$2,364,138$2,250,718$2,217,548$2,491,532
55$2,565,226$2,320,949$2,251,782$2,648,756
56$2,785,563$2,393,360$2,285,901$2,815,523
57$3,027,074$2,468,017$2,319,861$2,996,547
58$3,291,876$2,544,991$2,353,617$3,193,212
59$3,582,303$2,624,351$2,387,119$3,407,042
60$3,900,925$2,706,171$2,420,315$3,639,715
61$4,250,573$2,790,528$2,453,149$3,893,079
62$4,634,366$2,877,498$2,485,564$4,169,167
63$5,055,738$2,967,162$2,517,497$4,470,219
64$5,518,473$3,059,603$2,548,883$4,798,702
65$6,026,739$3,154,905$2,579,652$5,157,331
66$6,585,127$3,253,156$2,609,732$5,549,098
67$7,198,697$3,354,448$2,639,044$5,977,298
68$7,873,020$3,458,872$2,667,508$6,445,559
69$8,614,236$3,566,524$2,695,038$6,957,878
70$9,429,108$3,677,504$2,721,541$7,518,659
71$10,325,088$3,791,912$2,746,924$8,132,750
72$11,310,385$3,909,855$2,771,085$8,805,494
73$12,394,046$4,031,439$2,793,917$9,542,776
74$13,586,034$4,156,775$2,815,309$10,351,080
75$14,897,331$4,285,979$2,835,144$11,237,547
76$16,340,035$4,419,167$2,853,297$12,210,047
77$17,927,474$4,556,462$2,869,637$13,277,249
78$19,674,335$4,697,988$2,884,030$14,448,704
79$21,596,802$4,843,874$2,896,329$15,734,935
80$23,712,705$4,994,252$2,906,385$17,147,537
81$26,041,689$5,149,260$2,914,038$18,699,284
82$28,605,405$5,309,036$2,919,121$20,404,250
83$31,427,704$5,473,727$2,921,460$22,277,945
84$34,534,871$5,643,481$2,920,870$24,337,455
85$37,955,868$5,818,452$2,917,159$26,601,610
86$41,722,608$5,998,797$2,910,125$29,091,155
87$45,870,255$6,184,679$2,899,555$31,828,949
88$50,437,558$6,376,265$2,885,227$34,840,182
89$55,467,215$6,573,728$2,866,908$38,152,609
90$61,006,275$6,777,245$2,844,354$41,796,814
91$67,106,583$6,986,999$2,817,308$45,806,498
92$73,825,270$7,203,177$2,785,503$50,218,796
93$81,225,288$7,425,973$2,748,658$55,074,629
94$89,376,008$7,655,586$2,706,478$60,419,088
95$98,353,871$7,892,221$2,658,656$66,301,863
96$108,243,115$8,136,088$2,604,870$72,777,706
97$119,136,562$8,387,405$2,544,782$79,906,955
98$131,136,498$8,646,395$2,478,040$87,756,097
99$144,355,640$8,913,288$2,404,273$96,398,397
100$158,918,197$9,188,320$2,323,098$105,914,594