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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.1%
1 years$180,022$178,419$176,854$175,327$173,836$173,031
2 years$89,120$87,460$85,852$84,292$82,779$81,966
3 years$58,823$57,156$55,552$54,007$52,519$51,723
4 years$43,678$42,016$40,427$38,909$37,457$36,685
5 years$34,593$32,941$31,373$29,886$28,474$27,728
6 years$28,538$26,899$25,354$23,900$22,530$21,812
7 years$24,215$22,590$21,070$19,649$18,323$17,632
8 years$20,974$19,363$17,869$16,483$15,201$14,537
9 years$18,455$16,859$15,390$14,040$12,801$12,165
10 years$16,441$14,861$13,418$12,103$10,907$10,298
11 years$14,794$13,230$11,813$10,533$9,381$8,798
12 years$13,422$11,874$10,483$9,239$8,129$7,572
13 years$12,263$10,731$9,366$8,157$7,089$6,557
14 years$11,270$9,754$8,416$7,240$6,214$5,707
15 years$10,410$8,910$7,598$6,457$5,471$4,989
16 years$9,658$8,175$6,889$5,782$4,836$4,377
17 years$8,996$7,529$6,269$5,195$4,288$3,852
18 years$8,407$6,957$5,722$4,682$3,812$3,399
19 years$7,882$6,448$5,239$4,230$3,398$3,006
20 years$7,409$5,992$4,808$3,831$3,035$2,664
21 years$6,982$5,581$4,422$3,477$2,716$2,365
22 years$6,594$5,210$4,076$3,162$2,435$2,103
23 years$6,241$4,872$3,763$2,879$2,185$1,873
24 years$5,918$4,565$3,480$2,626$1,964$1,669
25 years$5,620$4,284$3,223$2,398$1,768$1,489
26 years$5,347$4,026$2,990$2,193$1,592$1,330
27 years$5,093$3,789$2,776$2,007$1,435$1,189
28 years$4,859$3,571$2,581$1,839$1,295$1,064
29 years$4,641$3,369$2,402$1,686$1,170$952
30 years$4,438$3,181$2,237$1,548$1,057$853
31 years$4,248$3,007$2,086$1,421$955$764
32 years$4,070$2,846$1,946$1,306$864$685
33 years$3,904$2,695$1,817$1,201$782$615
34 years$3,748$2,554$1,698$1,105$708$551
35 years$3,601$2,422$1,587$1,017$641$495
36 years$3,462$2,299$1,485$937$581$444
37 years$3,332$2,184$1,390$863$527$399
38 years$3,208$2,075$1,301$796$478$358
39 years$3,091$1,973$1,219$734$433$322
40 years$2,980$1,878$1,143$677$393$289
41 years$2,875$1,787$1,072$624$356$260
42 years$2,775$1,702$1,005$576$323$234
43 years$2,681$1,622$943$532$293$210
44 years$2,590$1,546$885$491$266$189
45 years$2,504$1,474$831$454$242$170
46 years$2,422$1,406$781$419$220$153
47 years$2,344$1,342$734$387$199$137
48 years$2,269$1,281$689$358$181$124
49 years$2,197$1,223$648$331$164$111
50 years$2,128$1,169$609$306$149$100

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 $5,994 every year, while hoping to spend $32,881 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: 43/28/29 Blend
53$2,180,000$2,180,000$2,180,000$2,180,000
54$2,408,543$2,293,003$2,259,213$2,491,517
55$2,619,229$2,370,375$2,299,911$2,629,047
56$2,850,303$2,450,436$2,340,871$2,774,409
57$3,103,810$2,533,283$2,382,066$2,931,294
58$3,382,002$2,619,018$2,423,469$3,100,788
59$3,687,361$2,707,744$2,465,049$3,284,089
60$4,022,618$2,799,570$2,506,775$3,482,515
61$4,390,785$2,894,608$2,548,612$3,697,515
62$4,795,177$2,992,976$2,590,522$3,930,683
63$5,239,448$3,094,795$2,632,468$4,183,775
64$5,727,622$3,200,190$2,674,406$4,458,723
65$6,264,133$3,309,293$2,716,292$4,757,652
66$6,853,866$3,422,240$2,758,079$5,082,902
67$7,502,201$3,539,170$2,799,715$5,437,051
68$8,215,067$3,660,232$2,841,148$5,822,933
69$8,998,997$3,785,576$2,882,319$6,243,673
70$9,861,186$3,915,360$2,923,168$6,702,707
71$10,809,563$4,049,750$2,963,631$7,203,824
72$11,852,865$4,188,914$3,003,639$7,751,191
73$13,000,717$4,333,030$3,043,120$8,349,401
74$14,263,724$4,482,282$3,081,998$9,003,509
75$15,653,571$4,636,861$3,120,192$9,719,086
76$17,183,132$4,796,965$3,157,616$10,502,264
77$18,866,596$4,962,800$3,194,180$11,359,800
78$20,719,592$5,134,581$3,229,789$12,299,136
79$22,759,345$5,312,530$3,264,342$13,328,468
80$25,004,834$5,496,879$3,297,732$14,456,826
81$27,476,969$5,687,868$3,329,848$15,694,155
82$30,198,793$5,885,747$3,360,572$17,051,415
83$33,195,698$6,090,776$3,389,779$18,540,674
84$36,495,660$6,303,226$3,417,338$20,175,232
85$40,129,510$6,523,376$3,443,111$21,969,737
86$44,131,218$6,751,520$3,466,953$23,940,331
87$48,538,218$6,987,960$3,488,712$26,104,795
88$53,391,759$7,233,013$3,508,227$28,482,720
89$58,737,295$7,487,007$3,525,328$31,095,690
90$64,624,912$7,750,283$3,539,839$33,967,488
91$71,109,802$8,023,196$3,551,574$37,124,315
92$78,252,786$8,306,117$3,560,335$40,595,041
93$86,120,882$8,599,429$3,565,919$44,411,475
94$94,787,943$8,903,532$3,568,108$48,608,667
95$104,335,350$9,218,842$3,566,676$53,225,234
96$114,852,783$9,545,791$3,561,387$58,303,727
97$126,439,063$9,884,831$3,551,989$63,891,033
98$139,203,089$10,236,430$3,538,223$70,038,813
99$153,264,865$10,601,075$3,519,814$76,803,993
100$168,756,627$10,979,275$3,496,474$84,249,299