Can I retire at age 54 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$180,848$179,237$177,666$176,132$174,634$169,111
2 years$89,529$87,861$86,245$84,679$83,159$77,645
3 years$59,093$57,418$55,807$54,254$52,759$47,427
4 years$43,878$42,209$40,613$39,087$37,628$32,519
5 years$34,751$33,092$31,517$30,023$28,605$23,731
6 years$28,669$27,022$25,471$24,009$22,634$18,001
7 years$24,326$22,693$21,166$19,739$18,407$14,015
8 years$21,071$19,452$17,951$16,559$15,271$11,115
9 years$18,540$16,937$15,461$14,105$12,860$8,937
10 years$16,516$14,929$13,479$12,158$10,957$7,261
11 years$14,862$13,290$11,867$10,581$9,424$5,947
12 years$13,484$11,929$10,531$9,281$8,166$4,902
13 years$12,319$10,780$9,409$8,194$7,121$4,061
14 years$11,321$9,799$8,454$7,274$6,242$3,379
15 years$10,458$8,951$7,633$6,487$5,496$2,820
16 years$9,703$8,213$6,920$5,808$4,858$2,361
17 years$9,037$7,564$6,297$5,219$4,307$1,981
18 years$8,446$6,989$5,749$4,703$3,830$1,665
19 years$7,918$6,477$5,263$4,250$3,414$1,402
20 years$7,443$6,019$4,830$3,849$3,049$1,181
21 years$7,014$5,607$4,442$3,493$2,729$997
22 years$6,625$5,234$4,094$3,176$2,446$842
23 years$6,270$4,895$3,780$2,892$2,195$712
24 years$5,945$4,586$3,496$2,638$1,973$602
25 years$5,646$4,304$3,238$2,409$1,776$510
26 years$5,371$4,045$3,003$2,203$1,599$432
27 years$5,117$3,807$2,789$2,016$1,442$366
28 years$4,881$3,587$2,593$1,847$1,301$310
29 years$4,662$3,384$2,413$1,694$1,175$263
30 years$4,458$3,196$2,247$1,555$1,062$223
31 years$4,267$3,021$2,095$1,428$960$189
32 years$4,089$2,859$1,955$1,312$868$160
33 years$3,922$2,707$1,825$1,207$786$136
34 years$3,765$2,566$1,705$1,110$711$115
35 years$3,617$2,434$1,594$1,022$644$98
36 years$3,478$2,310$1,491$941$584$83
37 years$3,347$2,194$1,396$867$529$70
38 years$3,223$2,085$1,307$799$480$60
39 years$3,105$1,983$1,225$737$435$51
40 years$2,994$1,886$1,148$680$395$43
41 years$2,888$1,795$1,076$627$358$36
42 years$2,788$1,710$1,010$579$325$31
43 years$2,693$1,629$948$534$295$26
44 years$2,602$1,553$889$493$268$22
45 years$2,516$1,481$835$456$243$19
46 years$2,433$1,413$784$421$221$16
47 years$2,354$1,348$737$389$200$14
48 years$2,279$1,287$692$359$182$12
49 years$2,207$1,229$651$332$165$10
50 years$2,138$1,174$612$307$150$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,190,000, adding $4,841 every year, while hoping to spend $58,728 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: 68/5/27 Blend
53$2,190,000$2,190,000$2,190,000$2,190,000
54$2,418,373$2,302,303$2,268,358$2,565,559
55$2,602,561$2,352,630$2,281,862$2,715,446
56$2,803,568$2,403,455$2,293,850$2,872,242
57$3,023,047$2,454,739$2,304,210$3,042,456
58$3,262,819$2,506,442$2,312,822$3,227,415
59$3,524,888$2,558,519$2,319,562$3,428,586
60$3,811,459$2,610,919$2,324,300$3,647,581
61$4,124,961$2,663,588$2,326,898$3,886,181
62$4,468,070$2,716,466$2,327,212$4,146,346
63$4,843,731$2,769,491$2,325,091$4,430,238
64$5,255,187$2,822,591$2,320,376$4,740,240
65$5,706,008$2,875,691$2,312,902$5,078,978
66$6,200,130$2,928,708$2,302,493$5,449,346
67$6,741,884$2,981,555$2,288,966$5,854,535
68$7,336,040$3,034,136$2,272,131$6,298,064
69$7,987,855$3,086,347$2,251,786$6,783,807
70$8,703,117$3,138,079$2,227,722$7,316,039
71$9,488,200$3,189,210$2,199,716$7,899,470
72$10,350,130$3,239,615$2,167,540$8,539,292
73$11,296,641$3,289,154$2,130,950$9,241,228
74$12,336,257$3,337,681$2,089,696$10,011,586
75$13,478,365$3,385,037$2,043,511$10,857,319
76$14,733,309$3,431,054$1,992,118$11,786,092
77$16,112,481$3,475,551$1,935,229$12,806,353
78$17,628,435$3,518,333$1,872,540$13,927,414
79$19,294,999$3,559,196$1,803,734$15,159,539
80$21,127,409$3,597,917$1,728,479$16,514,040
81$23,142,452$3,634,261$1,646,430$18,003,389
82$25,358,620$3,667,978$1,557,223$19,641,329
83$27,796,290$3,698,799$1,460,481$21,443,010
84$30,477,911$3,726,440$1,355,807$23,425,130
85$33,428,220$3,750,598$1,242,788$25,606,094
86$36,674,469$3,770,948$1,120,992$28,006,187
87$40,246,687$3,787,147$989,968$30,647,769
88$44,177,962$3,798,829$849,244$33,555,483
89$48,504,749$3,805,607$698,329$36,756,491
90$53,267,218$3,807,067$536,708$40,280,729
91$58,509,632$3,802,770$363,845$44,161,193
92$64,280,760$3,792,251$179,179$48,434,249
93$70,634,342$3,775,016$0$53,139,980
94$77,629,593$3,750,541$0$58,327,716
95$85,331,762$3,718,268$0$64,096,414
96$93,812,747$3,677,608$0$70,448,243
97$103,151,772$3,627,936$0$77,442,538
98$113,436,137$3,568,589$0$85,144,682
99$124,762,038$3,498,865$0$93,626,722
100$137,235,477$3,418,020$0$102,968,051