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%17.6%
1 years$177,545$175,964$174,421$172,915$171,444$166,156
2 years$87,894$86,257$84,670$83,132$81,640$76,358
3 years$58,014$56,370$54,787$53,263$51,796$46,686
4 years$43,077$41,438$39,871$38,373$36,941$32,043
5 years$34,117$32,488$30,942$29,474$28,082$23,409
6 years$28,145$26,529$25,005$23,571$22,220$17,776
7 years$23,882$22,279$20,780$19,379$18,071$13,855
8 years$20,686$19,097$17,623$16,257$14,992$11,002
9 years$18,201$16,627$15,178$13,847$12,625$8,856
10 years$16,215$14,656$13,233$11,936$10,757$7,204
11 years$14,590$13,048$11,650$10,388$9,252$5,908
12 years$13,238$11,711$10,339$9,112$8,017$4,877
13 years$12,094$10,583$9,237$8,044$6,991$4,046
14 years$11,115$9,620$8,300$7,141$6,128$3,371
15 years$10,267$8,788$7,494$6,368$5,396$2,818
16 years$9,525$8,063$6,794$5,702$4,769$2,362
17 years$8,872$7,425$6,182$5,123$4,229$1,984
18 years$8,292$6,861$5,644$4,617$3,760$1,670
19 years$7,773$6,359$5,166$4,172$3,351$1,408
20 years$7,307$5,909$4,742$3,779$2,993$1,189
21 years$6,886$5,504$4,361$3,429$2,679$1,005
22 years$6,504$5,138$4,020$3,118$2,401$850
23 years$6,155$4,805$3,711$2,840$2,155$720
24 years$5,836$4,502$3,432$2,590$1,937$610
25 years$5,543$4,225$3,179$2,365$1,743$517
26 years$5,273$3,971$2,948$2,163$1,570$438
27 years$5,023$3,737$2,738$1,980$1,416$372
28 years$4,792$3,522$2,545$1,814$1,277$316
29 years$4,577$3,322$2,369$1,663$1,153$268
30 years$4,376$3,137$2,206$1,526$1,042$228
31 years$4,189$2,966$2,057$1,402$942$193
32 years$4,014$2,806$1,919$1,288$852$164
33 years$3,850$2,658$1,792$1,185$771$140
34 years$3,696$2,519$1,674$1,090$698$119
35 years$3,551$2,389$1,565$1,003$633$101
36 years$3,415$2,268$1,464$924$573$86
37 years$3,286$2,154$1,370$852$519$73
38 years$3,164$2,047$1,283$785$471$62
39 years$3,049$1,946$1,202$724$427$53
40 years$2,939$1,852$1,127$667$387$45
41 years$2,836$1,763$1,057$616$351$38
42 years$2,737$1,679$991$568$319$32
43 years$2,644$1,599$930$525$289$27
44 years$2,555$1,525$873$484$263$23
45 years$2,470$1,454$820$447$238$20
46 years$2,389$1,387$770$413$217$17
47 years$2,311$1,324$723$382$197$14
48 years$2,237$1,264$680$353$179$12
49 years$2,167$1,207$639$326$162$10
50 years$2,099$1,153$601$301$147$9

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 $3,802 every year, while hoping to spend $37,618 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: 83/8/9 Blend
53$2,150,000$2,150,000$2,150,000$2,150,000
54$2,373,222$2,259,272$2,225,947$2,566,976
55$2,575,265$2,329,951$2,260,491$2,764,947
56$2,796,656$2,402,832$2,294,931$2,976,880
57$3,039,328$2,477,985$2,329,225$3,208,458
58$3,305,412$2,555,478$2,363,326$3,461,632
59$3,597,252$2,635,384$2,397,185$3,738,549
60$3,917,433$2,717,779$2,430,752$4,041,573
61$4,268,800$2,802,739$2,463,971$4,373,308
62$4,654,487$2,890,343$2,496,784$4,736,624
63$5,077,948$2,980,673$2,529,129$5,134,680
64$5,542,987$3,073,814$2,560,943$5,570,955
65$6,053,792$3,169,852$2,592,155$6,049,284
66$6,614,981$3,268,876$2,622,694$6,573,889
67$7,231,637$3,370,979$2,652,483$7,149,421
68$7,909,363$3,476,256$2,681,440$7,781,006
69$8,654,330$3,584,805$2,709,480$8,474,288
70$9,473,337$3,696,726$2,736,514$9,235,486
71$10,373,876$3,812,124$2,762,445$10,071,453
72$11,364,198$3,931,105$2,787,174$10,989,736
73$12,453,398$4,053,781$2,810,596$11,998,653
74$13,651,492$4,180,264$2,832,598$13,107,364
75$14,969,519$4,310,672$2,853,066$14,325,967
76$16,419,641$4,445,125$2,871,874$15,665,583
77$18,015,257$4,583,749$2,888,894$17,138,467
78$19,771,131$4,726,670$2,903,990$18,758,121
79$21,703,531$4,874,022$2,917,019$20,539,424
80$23,830,382$5,025,940$2,927,830$22,498,767
81$26,171,435$5,182,565$2,936,265$24,654,213
82$28,748,450$5,344,040$2,942,160$27,025,664
83$31,585,409$5,510,514$2,945,339$29,635,050
84$34,708,733$5,682,142$2,945,619$32,506,534
85$38,147,536$5,859,079$2,942,811$35,666,741
86$41,933,901$6,041,490$2,936,711$39,145,011
87$46,103,177$6,229,542$2,927,109$42,973,671
88$50,694,319$6,423,406$2,913,784$47,188,345
89$55,750,248$6,623,262$2,896,504$51,828,287
90$61,318,262$6,829,291$2,875,027$56,936,751
91$67,450,481$7,041,682$2,849,096$62,561,401
92$74,204,336$7,260,630$2,818,447$68,754,757
93$81,643,112$7,486,335$2,782,798$75,574,697
94$89,836,546$7,719,002$2,741,858$83,084,996
95$98,861,484$7,958,843$2,695,321$91,355,932
96$108,802,606$8,206,078$2,642,866$100,464,947
97$119,753,227$8,460,930$2,584,156$110,497,380
98$131,816,172$8,723,632$2,518,842$121,547,269
99$145,104,754$8,994,422$2,446,555$133,718,242
100$159,743,835$9,273,545$2,366,911$147,124,493