Can I retire at age 54 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$178,371$176,782$175,232$173,719$172,241$167,264
2 years$88,302$86,658$85,064$83,519$82,020$77,045
3 years$58,283$56,632$55,042$53,511$52,037$47,220
4 years$43,277$41,630$40,057$38,552$37,113$32,491
5 years$34,275$32,639$31,085$29,611$28,213$23,799
6 years$28,276$26,652$25,122$23,681$22,324$18,122
7 years$23,993$22,382$20,876$19,469$18,155$14,165
8 years$20,782$19,186$17,705$16,332$15,061$11,281
9 years$18,286$16,705$15,249$13,911$12,684$9,109
10 years$16,290$14,724$13,294$11,992$10,807$7,433
11 years$14,658$13,108$11,704$10,436$9,295$6,115
12 years$13,299$11,765$10,387$9,154$8,055$5,064
13 years$12,150$10,632$9,280$8,082$7,024$4,216
14 years$11,166$9,664$8,338$7,174$6,157$3,524
15 years$10,314$8,829$7,528$6,398$5,421$2,956
16 years$9,570$8,100$6,826$5,729$4,791$2,487
17 years$8,913$7,460$6,211$5,147$4,248$2,097
18 years$8,330$6,893$5,670$4,639$3,777$1,772
19 years$7,809$6,389$5,191$4,191$3,367$1,500
20 years$7,341$5,937$4,764$3,796$3,007$1,271
21 years$6,918$5,530$4,382$3,445$2,691$1,078
22 years$6,534$5,162$4,038$3,133$2,412$916
23 years$6,184$4,828$3,729$2,853$2,165$778
24 years$5,863$4,523$3,448$2,602$1,946$662
25 years$5,569$4,245$3,194$2,376$1,751$564
26 years$5,297$3,990$2,962$2,173$1,578$480
27 years$5,047$3,755$2,751$1,989$1,422$409
28 years$4,814$3,538$2,557$1,822$1,283$348
29 years$4,598$3,338$2,380$1,671$1,159$297
30 years$4,397$3,152$2,216$1,533$1,047$253
31 years$4,209$2,980$2,066$1,408$947$216
32 years$4,033$2,819$1,928$1,294$856$184
33 years$3,868$2,670$1,800$1,190$775$157
34 years$3,713$2,531$1,682$1,095$702$134
35 years$3,568$2,400$1,573$1,008$636$114
36 years$3,431$2,278$1,471$928$576$98
37 years$3,301$2,164$1,377$855$522$83
38 years$3,179$2,056$1,289$788$473$71
39 years$3,063$1,955$1,208$727$429$61
40 years$2,953$1,860$1,132$671$389$52
41 years$2,849$1,771$1,062$619$353$44
42 years$2,750$1,687$996$571$320$38
43 years$2,656$1,607$935$527$291$32
44 years$2,566$1,532$877$487$264$28
45 years$2,481$1,461$824$449$240$24
46 years$2,400$1,393$774$415$218$20
47 years$2,322$1,330$727$384$198$17
48 years$2,248$1,269$683$354$179$15
49 years$2,177$1,212$642$328$163$13
50 years$2,109$1,158$604$303$148$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,160,000, adding $6,082 every year, while hoping to spend $20,057 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: 45/31/24 Blend
53$2,160,000$2,160,000$2,160,000$2,160,000
54$2,386,594$2,272,114$2,238,634$2,477,217
55$2,608,686$2,362,107$2,292,287$2,631,835
56$2,852,759$2,455,837$2,347,066$2,796,985
57$3,121,034$2,553,467$2,402,987$2,975,689
58$3,415,958$2,655,166$2,460,066$3,169,221
59$3,740,227$2,761,110$2,518,319$3,378,978
60$4,096,810$2,871,484$2,577,762$3,606,497
61$4,488,979$2,986,481$2,638,412$3,853,467
62$4,920,340$3,106,304$2,700,284$4,121,747
63$5,394,865$3,231,163$2,763,393$4,413,378
64$5,916,930$3,361,278$2,827,756$4,730,606
65$6,491,356$3,496,881$2,893,385$5,075,901
66$7,123,458$3,638,211$2,960,297$5,451,980
67$7,819,088$3,785,521$3,028,504$5,861,830
68$8,584,697$3,939,074$3,098,021$6,308,740
69$9,427,392$4,099,144$3,168,861$6,796,326
70$10,355,005$4,266,021$3,241,036$7,328,570
71$11,376,164$4,440,004$3,314,559$7,909,851
72$12,500,376$4,621,408$3,389,441$8,544,989
73$13,738,119$4,810,562$3,465,692$9,239,289
74$15,100,938$5,007,810$3,543,323$9,998,590
75$16,601,552$5,213,511$3,622,343$10,829,320
76$18,253,979$5,428,042$3,702,760$11,738,555
77$20,073,664$5,651,795$3,784,581$12,734,083
78$22,077,626$5,885,182$3,867,814$13,824,480
79$24,284,622$6,128,633$3,952,463$15,019,188
80$26,715,315$6,382,598$4,038,533$16,328,603
81$29,392,480$6,647,548$4,126,026$17,764,171
82$32,341,210$6,923,975$4,214,945$19,338,497
83$35,589,157$7,212,394$4,305,289$21,065,461
84$39,166,793$7,513,343$4,397,058$22,960,349
85$43,107,696$7,827,386$4,490,249$25,039,996
86$47,448,865$8,155,113$4,584,858$27,322,940
87$52,231,077$8,497,140$4,680,877$29,829,601
88$57,499,260$8,854,114$4,778,300$32,582,467
89$63,302,927$9,226,708$4,877,116$35,606,309
90$69,696,638$9,615,630$4,977,312$38,928,410
91$76,740,518$10,021,618$5,078,875$42,578,823
92$84,500,821$10,445,447$5,181,787$46,590,650
93$93,050,556$10,887,925$5,286,028$51,000,356
94$102,470,180$11,349,901$5,391,578$55,848,109
95$112,848,353$11,832,260$5,498,409$61,178,157
96$124,282,774$12,335,931$5,606,496$67,039,246
97$136,881,110$12,861,884$5,715,806$73,485,074
98$150,762,002$13,411,135$5,826,305$80,574,799
99$166,056,195$13,984,750$5,937,954$88,373,592
100$182,907,764$14,583,839$6,050,713$96,953,254