Can I retire at age 54 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$177,545$175,964$174,421$172,915$171,444$170,221
2 years$87,894$86,257$84,670$83,132$81,640$80,407
3 years$58,014$56,370$54,787$53,263$51,796$50,590
4 years$43,077$41,438$39,871$38,373$36,941$35,773
5 years$34,117$32,488$30,942$29,474$28,082$26,955
6 years$28,145$26,529$25,005$23,571$22,220$21,135
7 years$23,882$22,279$20,780$19,379$18,071$17,028
8 years$20,686$19,097$17,623$16,257$14,992$13,992
9 years$18,201$16,627$15,178$13,847$12,625$11,668
10 years$16,215$14,656$13,233$11,936$10,757$9,842
11 years$14,590$13,048$11,650$10,388$9,252$8,377
12 years$13,238$11,711$10,339$9,112$8,017$7,183
13 years$12,094$10,583$9,237$8,044$6,991$6,197
14 years$11,115$9,620$8,300$7,141$6,128$5,372
15 years$10,267$8,788$7,494$6,368$5,396$4,678
16 years$9,525$8,063$6,794$5,702$4,769$4,087
17 years$8,872$7,425$6,182$5,123$4,229$3,582
18 years$8,292$6,861$5,644$4,617$3,760$3,147
19 years$7,773$6,359$5,166$4,172$3,351$2,772
20 years$7,307$5,909$4,742$3,779$2,993$2,446
21 years$6,886$5,504$4,361$3,429$2,679$2,162
22 years$6,504$5,138$4,020$3,118$2,401$1,914
23 years$6,155$4,805$3,711$2,840$2,155$1,696
24 years$5,836$4,502$3,432$2,590$1,937$1,505
25 years$5,543$4,225$3,179$2,365$1,743$1,337
26 years$5,273$3,971$2,948$2,163$1,570$1,188
27 years$5,023$3,737$2,738$1,980$1,416$1,057
28 years$4,792$3,522$2,545$1,814$1,277$941
29 years$4,577$3,322$2,369$1,663$1,153$839
30 years$4,376$3,137$2,206$1,526$1,042$747
31 years$4,189$2,966$2,057$1,402$942$667
32 years$4,014$2,806$1,919$1,288$852$595
33 years$3,850$2,658$1,792$1,185$771$531
34 years$3,696$2,519$1,674$1,090$698$474
35 years$3,551$2,389$1,565$1,003$633$423
36 years$3,415$2,268$1,464$924$573$378
37 years$3,286$2,154$1,370$852$519$338
38 years$3,164$2,047$1,283$785$471$302
39 years$3,049$1,946$1,202$724$427$270
40 years$2,939$1,852$1,127$667$387$241
41 years$2,836$1,763$1,057$616$351$216
42 years$2,737$1,679$991$568$319$193
43 years$2,644$1,599$930$525$289$172
44 years$2,555$1,525$873$484$263$154
45 years$2,470$1,454$820$447$238$138
46 years$2,389$1,387$770$413$217$123
47 years$2,311$1,324$723$382$197$110
48 years$2,237$1,264$680$353$179$99
49 years$2,167$1,207$639$326$162$88
50 years$2,099$1,153$601$301$147$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,150,000, adding $3,737 every year, while hoping to spend $33,892 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: 29/50/21 Blend
53$2,150,000$2,150,000$2,150,000$2,150,000
54$2,373,155$2,259,205$2,225,880$2,426,224
55$2,579,156$2,333,845$2,264,386$2,542,003
56$2,805,033$2,411,007$2,303,046$2,663,120
57$3,052,778$2,490,777$2,341,830$2,792,623
58$3,324,584$2,573,249$2,380,704$2,931,254
59$3,622,868$2,658,514$2,419,634$3,079,827
60$3,950,291$2,746,671$2,458,582$3,239,235
61$4,309,784$2,837,822$2,497,508$3,410,460
62$4,704,578$2,932,071$2,536,370$3,594,580
63$5,138,229$3,029,527$2,575,123$3,792,778
64$5,614,657$3,130,302$2,613,718$4,006,357
65$6,138,179$3,234,514$2,652,105$4,236,747
66$6,713,551$3,342,283$2,690,228$4,485,518
67$7,346,013$3,453,735$2,728,031$4,754,399
68$8,041,339$3,569,000$2,765,452$5,045,290
69$8,805,887$3,688,213$2,802,427$5,360,280
70$9,646,666$3,811,514$2,838,886$5,701,668
71$10,571,396$3,939,048$2,874,759$6,071,981
72$11,588,583$4,070,966$2,909,967$6,473,999
73$12,707,598$4,207,422$2,944,431$6,910,783
74$13,938,767$4,348,581$2,978,064$7,385,698
75$15,293,468$4,494,608$3,010,775$7,902,450
76$16,784,236$4,645,678$3,042,471$8,465,114
77$18,424,884$4,801,972$3,073,049$9,078,178
78$20,230,631$4,963,677$3,102,405$9,746,582
79$22,218,245$5,130,987$3,130,426$10,475,761
80$24,406,205$5,304,105$3,156,994$11,271,702
81$26,814,871$5,483,239$3,181,986$12,140,994
82$29,466,676$5,668,606$3,205,271$13,090,892
83$32,386,341$5,860,432$3,226,712$14,129,385
84$35,601,105$6,058,950$3,246,164$15,265,269
85$39,140,983$6,264,404$3,263,476$16,508,232
86$43,039,048$6,477,044$3,278,487$17,868,939
87$47,331,745$6,697,133$3,291,030$19,359,140
88$52,059,232$6,924,942$3,300,929$20,991,772
89$57,265,762$7,160,753$3,307,998$22,781,085
90$63,000,098$7,404,857$3,312,044$24,742,774
91$69,315,972$7,657,560$3,312,862$26,894,126
92$76,272,596$7,919,175$3,310,238$29,254,184
93$83,935,217$8,190,031$3,303,947$31,843,922
94$92,375,735$8,470,468$3,293,754$34,686,445
95$101,673,377$8,760,838$3,279,413$37,807,205
96$111,915,452$9,061,510$3,260,663$41,234,240
97$123,198,167$9,372,863$3,237,235$44,998,437
98$135,627,540$9,695,293$3,208,842$49,133,824
99$149,320,399$10,029,212$3,175,188$53,677,888
100$164,405,483$10,375,047$3,135,960$58,671,928