Can I retire at age 54 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$211,402$209,519$207,682$205,889$204,138$196,895
2 years$104,655$102,706$100,817$98,985$97,209$89,989
3 years$69,077$67,119$65,235$63,421$61,673$54,703
4 years$51,291$49,340$47,474$45,691$43,986$37,319
5 years$40,623$38,683$36,842$35,095$33,437$27,091
6 years$33,513$31,588$29,774$28,066$26,458$20,437
7 years$28,436$26,527$24,742$23,074$21,517$15,821
8 years$24,630$22,739$20,983$19,357$17,851$12,473
9 years$21,672$19,798$18,073$16,488$15,033$9,968
10 years$19,307$17,451$15,756$14,212$12,809$8,048
11 years$17,373$15,536$13,872$12,369$11,016$6,549
12 years$15,762$13,944$12,311$10,849$9,546$5,362
13 years$14,400$12,601$10,999$9,578$8,324$4,413
14 years$13,234$11,454$9,883$8,503$7,297$3,645
15 years$12,224$10,464$8,923$7,583$6,425$3,022
16 years$11,342$9,600$8,090$6,790$5,678$2,511
17 years$10,564$8,841$7,361$6,100$5,035$2,091
18 years$9,873$8,170$6,720$5,498$4,477$1,745
19 years$9,256$7,572$6,152$4,968$3,990$1,458
20 years$8,701$7,036$5,646$4,499$3,564$1,219
21 years$8,199$6,554$5,193$4,083$3,190$1,021
22 years$7,744$6,118$4,786$3,713$2,859$856
23 years$7,329$5,722$4,419$3,381$2,566$718
24 years$6,949$5,361$4,087$3,084$2,307$602
25 years$6,600$5,031$3,785$2,816$2,076$506
26 years$6,278$4,728$3,511$2,575$1,870$425
27 years$5,981$4,450$3,260$2,357$1,686$357
28 years$5,706$4,193$3,031$2,160$1,521$300
29 years$5,450$3,956$2,820$1,980$1,373$252
30 years$5,211$3,736$2,627$1,817$1,241$212
31 years$4,988$3,532$2,449$1,669$1,122$178
32 years$4,780$3,342$2,285$1,534$1,015$150
33 years$4,585$3,164$2,134$1,411$918$126
34 years$4,401$2,999$1,993$1,298$832$106
35 years$4,229$2,845$1,864$1,195$753$89
36 years$4,066$2,700$1,743$1,100$682$75
37 years$3,912$2,564$1,632$1,014$619$63
38 years$3,767$2,437$1,528$935$561$53
39 years$3,630$2,317$1,432$862$509$45
40 years$3,500$2,205$1,342$795$461$38
41 years$3,376$2,099$1,258$733$418$32
42 years$3,259$1,999$1,180$677$380$27
43 years$3,148$1,905$1,108$625$345$22
44 years$3,042$1,815$1,040$577$313$19
45 years$2,941$1,731$976$533$284$16
46 years$2,844$1,651$917$492$258$13
47 years$2,752$1,576$861$455$234$11
48 years$2,664$1,504$809$420$213$9
49 years$2,580$1,437$761$388$193$8
50 years$2,499$1,372$715$359$175$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,560,000, adding $2,197 every year, while hoping to spend $55,171 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: 53/32/15 Blend
53$2,560,000$2,560,000$2,560,000$2,560,000
54$2,823,386$2,687,706$2,648,026$2,961,577
55$3,052,670$2,760,702$2,678,034$3,129,206
56$3,303,492$2,835,426$2,707,197$3,305,444
57$3,577,990$2,911,904$2,735,430$3,495,959
58$3,878,520$2,990,162$2,762,642$3,702,121
59$4,207,674$3,070,225$2,788,735$3,925,439
60$4,568,308$3,152,118$2,813,610$4,167,574
61$4,963,569$3,235,864$2,837,159$4,430,354
62$5,396,918$3,321,487$2,859,269$4,715,792
63$5,872,171$3,409,008$2,879,822$5,026,105
64$6,393,531$3,498,447$2,898,694$5,363,736
65$6,965,625$3,589,825$2,915,754$5,731,375
66$7,593,551$3,683,158$2,930,864$6,131,982
67$8,282,924$3,778,465$2,943,879$6,568,822
68$9,039,931$3,875,758$2,954,648$7,045,489
69$9,871,385$3,975,051$2,963,010$7,565,942
70$10,784,793$4,076,355$2,968,797$8,134,543
71$11,788,424$4,179,679$2,971,834$8,756,099
72$12,891,388$4,285,028$2,971,935$9,435,903
73$14,103,722$4,392,407$2,968,908$10,179,788
74$15,436,483$4,501,815$2,962,547$10,994,182
75$16,901,851$4,613,252$2,952,639$11,886,165
76$18,513,249$4,726,710$2,938,962$12,863,541
77$20,285,463$4,842,182$2,921,280$13,934,905
78$22,234,784$4,959,653$2,899,347$15,109,732
79$24,379,163$5,079,106$2,872,906$16,398,459
80$26,738,376$5,200,521$2,841,686$17,812,589
81$29,334,213$5,323,869$2,805,406$19,364,795
82$32,190,685$5,449,121$2,763,768$21,069,045
83$35,334,244$5,576,237$2,716,464$22,940,729
84$38,794,040$5,705,176$2,663,169$24,996,807
85$42,602,190$5,835,887$2,603,543$27,255,968
86$46,794,083$5,968,315$2,537,231$29,738,809
87$51,408,712$6,102,395$2,463,861$32,468,025
88$56,489,045$6,238,057$2,383,045$35,468,627
89$62,082,426$6,375,220$2,294,375$38,768,179
90$68,241,025$6,513,797$2,197,428$42,397,055
91$75,022,325$6,653,689$2,091,758$46,388,729
92$82,489,671$6,794,788$1,976,900$50,780,087
93$90,712,861$6,936,976$1,852,369$55,611,783
94$99,768,807$7,080,122$1,717,658$60,928,616
95$109,742,261$7,224,085$1,572,236$66,779,956
96$120,726,614$7,368,708$1,415,548$73,220,212
97$132,824,777$7,513,822$1,247,017$80,309,344
98$146,150,150$7,659,245$1,066,038$88,113,429
99$160,827,694$7,804,777$871,979$96,705,288
100$176,995,110$7,950,202$664,181$106,165,173