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%13.4%
1 years$178,371$176,782$175,232$173,719$172,241$169,808
2 years$88,302$86,658$85,064$83,519$82,020$79,572
3 years$58,283$56,632$55,042$53,511$52,037$49,652
4 years$43,277$41,630$40,057$38,552$37,113$34,809
5 years$34,275$32,639$31,085$29,611$28,213$25,997
6 years$28,276$26,652$25,122$23,681$22,324$20,198
7 years$23,993$22,382$20,876$19,469$18,155$16,120
8 years$20,782$19,186$17,705$16,332$15,061$13,117
9 years$18,286$16,705$15,249$13,911$12,684$10,830
10 years$16,290$14,724$13,294$11,992$10,807$9,041
11 years$14,658$13,108$11,704$10,436$9,295$7,615
12 years$13,299$11,765$10,387$9,154$8,055$6,460
13 years$12,150$10,632$9,280$8,082$7,024$5,512
14 years$11,166$9,664$8,338$7,174$6,157$4,725
15 years$10,314$8,829$7,528$6,398$5,421$4,067
16 years$9,570$8,100$6,826$5,729$4,791$3,512
17 years$8,913$7,460$6,211$5,147$4,248$3,042
18 years$8,330$6,893$5,670$4,639$3,777$2,641
19 years$7,809$6,389$5,191$4,191$3,367$2,297
20 years$7,341$5,937$4,764$3,796$3,007$2,002
21 years$6,918$5,530$4,382$3,445$2,691$1,747
22 years$6,534$5,162$4,038$3,133$2,412$1,527
23 years$6,184$4,828$3,729$2,853$2,165$1,336
24 years$5,863$4,523$3,448$2,602$1,946$1,170
25 years$5,569$4,245$3,194$2,376$1,751$1,025
26 years$5,297$3,990$2,962$2,173$1,578$899
27 years$5,047$3,755$2,751$1,989$1,422$789
28 years$4,814$3,538$2,557$1,822$1,283$693
29 years$4,598$3,338$2,380$1,671$1,159$609
30 years$4,397$3,152$2,216$1,533$1,047$536
31 years$4,209$2,980$2,066$1,408$947$471
32 years$4,033$2,819$1,928$1,294$856$414
33 years$3,868$2,670$1,800$1,190$775$365
34 years$3,713$2,531$1,682$1,095$702$321
35 years$3,568$2,400$1,573$1,008$636$282
36 years$3,431$2,278$1,471$928$576$249
37 years$3,301$2,164$1,377$855$522$219
38 years$3,179$2,056$1,289$788$473$193
39 years$3,063$1,955$1,208$727$429$170
40 years$2,953$1,860$1,132$671$389$150
41 years$2,849$1,771$1,062$619$353$132
42 years$2,750$1,687$996$571$320$116
43 years$2,656$1,607$935$527$291$102
44 years$2,566$1,532$877$487$264$90
45 years$2,481$1,461$824$449$240$80
46 years$2,400$1,393$774$415$218$70
47 years$2,322$1,330$727$384$198$62
48 years$2,248$1,269$683$354$179$55
49 years$2,177$1,212$642$328$163$48
50 years$2,109$1,158$604$303$148$42

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 $6,340 every year, while hoping to spend $32,027 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: 58/18/24 Blend
53$2,160,000$2,160,000$2,160,000$2,160,000
54$2,386,860$2,272,380$2,238,900$2,509,496
55$2,596,243$2,349,650$2,279,826$2,671,154
56$2,825,910$2,429,633$2,321,051$2,843,357
57$3,077,895$2,512,428$2,362,549$3,030,427
58$3,354,442$2,598,137$2,404,295$3,233,810
59$3,658,017$2,686,869$2,446,262$3,455,096
60$3,991,343$2,778,733$2,488,419$3,696,039
61$4,357,414$2,873,845$2,530,735$3,958,568
62$4,759,531$2,972,324$2,573,176$4,244,805
63$5,201,331$3,074,296$2,615,704$4,557,090
64$5,686,818$3,179,888$2,658,282$4,897,998
65$6,220,406$3,289,235$2,700,868$5,270,364
66$6,806,957$3,402,477$2,743,416$5,677,311
67$7,451,826$3,519,757$2,785,879$6,122,277
68$8,160,914$3,641,227$2,828,208$6,609,052
69$8,940,722$3,767,043$2,870,348$7,141,805
70$9,798,414$3,897,366$2,912,243$7,725,133
71$10,741,881$4,032,366$2,953,833$8,364,096
72$11,779,819$4,172,218$2,995,052$9,064,269
73$12,921,808$4,317,104$3,035,834$9,831,794
74$14,178,404$4,467,214$3,076,105$10,673,435
75$15,561,238$4,622,744$3,115,791$11,596,645
76$17,083,125$4,783,899$3,154,811$12,609,634
77$18,758,185$4,950,892$3,193,079$13,721,445
78$20,601,978$5,123,943$3,230,505$14,942,044
79$22,631,647$5,303,284$3,266,994$16,282,408
80$24,866,083$5,489,153$3,302,447$17,754,631
81$27,326,101$5,681,798$3,336,756$19,372,039
82$30,034,636$5,881,479$3,369,810$21,149,311
83$33,016,962$6,088,465$3,401,492$23,102,625
84$36,300,927$6,303,035$3,431,677$25,249,800
85$39,917,218$6,525,480$3,460,234$27,610,475
86$43,899,649$6,756,103$3,487,027$30,206,285
87$48,285,481$6,995,220$3,511,909$33,061,068
88$53,115,771$7,243,157$3,534,730$36,201,092
89$58,435,764$7,500,256$3,555,328$39,655,300
90$64,295,315$7,766,871$3,573,534$43,455,584
91$70,749,362$8,043,373$3,589,172$47,637,082
92$77,858,443$8,330,145$3,602,056$52,238,515
93$85,689,269$8,627,586$3,611,990$57,302,550
94$94,315,351$8,936,115$3,618,768$62,876,200
95$103,817,696$9,256,163$3,622,175$69,011,268
96$114,285,568$9,588,182$3,621,986$75,764,841
97$125,817,335$9,932,642$3,617,961$83,199,818
98$138,521,393$10,290,032$3,609,853$91,385,516
99$152,517,192$10,660,860$3,597,400$100,398,311
100$167,936,361$11,045,658$3,580,328$110,322,370