Can I retire at age 54 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$180,022$178,419$176,854$175,327$173,836$172,741
2 years$89,120$87,460$85,852$84,292$82,779$81,674
3 years$58,823$57,156$55,552$54,007$52,519$51,438
4 years$43,678$42,016$40,427$38,909$37,457$36,409
5 years$34,593$32,941$31,373$29,886$28,474$27,463
6 years$28,538$26,899$25,354$23,900$22,530$21,557
7 years$24,215$22,590$21,070$19,649$18,323$17,387
8 years$20,974$19,363$17,869$16,483$15,201$14,303
9 years$18,455$16,859$15,390$14,040$12,801$11,941
10 years$16,441$14,861$13,418$12,103$10,907$10,084
11 years$14,794$13,230$11,813$10,533$9,381$8,594
12 years$13,422$11,874$10,483$9,239$8,129$7,378
13 years$12,263$10,731$9,366$8,157$7,089$6,373
14 years$11,270$9,754$8,416$7,240$6,214$5,533
15 years$10,410$8,910$7,598$6,457$5,471$4,824
16 years$9,658$8,175$6,889$5,782$4,836$4,220
17 years$8,996$7,529$6,269$5,195$4,288$3,704
18 years$8,407$6,957$5,722$4,682$3,812$3,259
19 years$7,882$6,448$5,239$4,230$3,398$2,874
20 years$7,409$5,992$4,808$3,831$3,035$2,540
21 years$6,982$5,581$4,422$3,477$2,716$2,248
22 years$6,594$5,210$4,076$3,162$2,435$1,993
23 years$6,241$4,872$3,763$2,879$2,185$1,769
24 years$5,918$4,565$3,480$2,626$1,964$1,572
25 years$5,620$4,284$3,223$2,398$1,768$1,399
26 years$5,347$4,026$2,990$2,193$1,592$1,246
27 years$5,093$3,789$2,776$2,007$1,435$1,110
28 years$4,859$3,571$2,581$1,839$1,295$990
29 years$4,641$3,369$2,402$1,686$1,170$883
30 years$4,438$3,181$2,237$1,548$1,057$788
31 years$4,248$3,007$2,086$1,421$955$704
32 years$4,070$2,846$1,946$1,306$864$629
33 years$3,904$2,695$1,817$1,201$782$563
34 years$3,748$2,554$1,698$1,105$708$503
35 years$3,601$2,422$1,587$1,017$641$450
36 years$3,462$2,299$1,485$937$581$403
37 years$3,332$2,184$1,390$863$527$360
38 years$3,208$2,075$1,301$796$478$323
39 years$3,091$1,973$1,219$734$433$289
40 years$2,980$1,878$1,143$677$393$259
41 years$2,875$1,787$1,072$624$356$232
42 years$2,775$1,702$1,005$576$323$208
43 years$2,681$1,622$943$532$293$186
44 years$2,590$1,546$885$491$266$167
45 years$2,504$1,474$831$454$242$149
46 years$2,422$1,406$781$419$220$134
47 years$2,344$1,342$734$387$199$120
48 years$2,269$1,281$689$358$181$107
49 years$2,197$1,223$648$331$164$96
50 years$2,128$1,169$609$306$149$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,180,000, adding $3,759 every year, while hoping to spend $33,825 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: 54/34/12 Blend
53$2,180,000$2,180,000$2,180,000$2,180,000
54$2,406,237$2,290,697$2,256,907$2,528,512
55$2,615,684$2,366,952$2,296,524$2,688,280
56$2,845,361$2,445,809$2,336,335$2,858,104
57$3,097,295$2,527,362$2,376,309$3,042,158
58$3,373,720$2,611,703$2,416,417$3,241,800
59$3,677,097$2,698,934$2,456,624$3,458,526
60$4,010,134$2,789,155$2,496,894$3,693,979
61$4,375,817$2,882,474$2,537,190$3,949,971
62$4,777,435$2,978,999$2,577,470$4,228,491
63$5,218,609$3,078,846$2,617,691$4,531,731
64$5,703,330$3,182,132$2,657,806$4,862,102
65$6,235,994$3,288,980$2,697,767$5,222,258
66$6,821,443$3,399,519$2,737,520$5,615,119
67$7,465,014$3,513,879$2,777,011$6,043,901
68$8,172,584$3,632,197$2,816,179$6,512,144
69$8,950,630$3,754,617$2,854,964$7,023,744
70$9,806,286$3,881,285$2,893,297$7,582,992
71$10,747,414$4,012,355$2,931,109$8,194,612
72$11,782,675$4,147,986$2,968,326$8,863,806
73$12,921,612$4,288,341$3,004,869$9,596,301
74$14,174,739$4,433,593$3,040,655$10,398,406
75$15,553,642$4,583,918$3,075,596$11,277,067
76$17,071,085$4,739,501$3,109,600$12,239,934
77$18,741,132$4,900,533$3,142,568$13,295,433
78$20,579,282$5,067,213$3,174,398$14,452,844
79$22,602,609$5,239,747$3,204,981$15,722,390
80$24,829,929$5,418,349$3,234,202$17,115,328
81$27,281,974$5,603,240$3,261,940$18,644,061
82$29,981,588$5,794,652$3,288,068$20,322,250
83$32,953,945$5,992,824$3,312,453$22,164,942
84$36,226,779$6,198,005$3,334,952$24,188,715
85$39,830,657$6,410,453$3,355,419$26,411,832
86$43,799,255$6,630,436$3,373,697$28,854,409
87$48,169,685$6,858,234$3,389,622$31,538,610
88$52,982,840$7,094,135$3,403,022$34,488,853
89$58,283,783$7,338,441$3,413,716$37,732,037
90$64,122,168$7,591,463$3,421,514$41,297,800
91$70,552,711$7,853,527$3,426,217$45,218,793
92$77,635,707$8,124,969$3,427,614$49,530,990
93$85,437,597$8,406,141$3,425,488$54,274,029
94$94,031,596$8,697,406$3,419,606$59,491,578
95$103,498,383$8,999,143$3,409,727$65,231,754
96$113,926,863$9,311,745$3,395,597$71,547,571
97$125,415,004$9,635,622$3,376,951$78,497,441
98$138,070,765$9,971,198$3,353,509$86,145,727
99$152,013,112$10,318,916$3,324,980$94,563,343
100$167,373,140$10,679,234$3,291,058$103,828,429