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%17.8%
1 years$211,402$209,519$207,682$205,889$204,138$197,683
2 years$104,655$102,706$100,817$98,985$97,209$90,763
3 years$69,077$67,119$65,235$63,421$61,673$55,440
4 years$51,291$49,340$47,474$45,691$43,986$38,013
5 years$40,623$38,683$36,842$35,095$33,437$27,741
6 years$33,513$31,588$29,774$28,066$26,458$21,042
7 years$28,436$26,527$24,742$23,074$21,517$16,382
8 years$24,630$22,739$20,983$19,357$17,851$12,993
9 years$21,672$19,798$18,073$16,488$15,033$10,447
10 years$19,307$17,451$15,756$14,212$12,809$8,488
11 years$17,373$15,536$13,872$12,369$11,016$6,952
12 years$15,762$13,944$12,311$10,849$9,546$5,730
13 years$14,400$12,601$10,999$9,578$8,324$4,747
14 years$13,234$11,454$9,883$8,503$7,297$3,950
15 years$12,224$10,464$8,923$7,583$6,425$3,297
16 years$11,342$9,600$8,090$6,790$5,678$2,760
17 years$10,564$8,841$7,361$6,100$5,035$2,315
18 years$9,873$8,170$6,720$5,498$4,477$1,946
19 years$9,256$7,572$6,152$4,968$3,990$1,638
20 years$8,701$7,036$5,646$4,499$3,564$1,381
21 years$8,199$6,554$5,193$4,083$3,190$1,165
22 years$7,744$6,118$4,786$3,713$2,859$984
23 years$7,329$5,722$4,419$3,381$2,566$832
24 years$6,949$5,361$4,087$3,084$2,307$704
25 years$6,600$5,031$3,785$2,816$2,076$596
26 years$6,278$4,728$3,511$2,575$1,870$504
27 years$5,981$4,450$3,260$2,357$1,686$427
28 years$5,706$4,193$3,031$2,160$1,521$362
29 years$5,450$3,956$2,820$1,980$1,373$307
30 years$5,211$3,736$2,627$1,817$1,241$260
31 years$4,988$3,532$2,449$1,669$1,122$221
32 years$4,780$3,342$2,285$1,534$1,015$187
33 years$4,585$3,164$2,134$1,411$918$159
34 years$4,401$2,999$1,993$1,298$832$135
35 years$4,229$2,845$1,864$1,195$753$114
36 years$4,066$2,700$1,743$1,100$682$97
37 years$3,912$2,564$1,632$1,014$619$82
38 years$3,767$2,437$1,528$935$561$70
39 years$3,630$2,317$1,432$862$509$59
40 years$3,500$2,205$1,342$795$461$50
41 years$3,376$2,099$1,258$733$418$43
42 years$3,259$1,999$1,180$677$380$36
43 years$3,148$1,905$1,108$625$345$31
44 years$3,042$1,815$1,040$577$313$26
45 years$2,941$1,731$976$533$284$22
46 years$2,844$1,651$917$492$258$19
47 years$2,752$1,576$861$455$234$16
48 years$2,664$1,504$809$420$213$14
49 years$2,580$1,437$761$388$193$11
50 years$2,499$1,372$715$359$175$10

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 $4,621 every year, while hoping to spend $57,606 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: 55/32/13 Blend
53$2,560,000$2,560,000$2,560,000$2,560,000
54$2,825,887$2,690,207$2,650,527$2,971,567
55$3,052,835$2,760,734$2,678,027$3,141,519
56$3,301,001$2,832,787$2,704,518$3,319,826
57$3,572,488$2,906,379$2,729,904$3,512,640
58$3,869,613$2,981,523$2,754,087$3,721,357
59$4,194,926$3,058,230$2,776,962$3,947,513
60$4,551,235$3,136,510$2,798,416$4,192,797
61$4,941,633$3,216,371$2,818,335$4,459,073
62$5,369,526$3,297,819$2,836,596$4,748,390
63$5,838,665$3,380,860$2,853,069$5,063,006
64$6,353,182$3,465,495$2,867,620$5,405,409
65$6,917,627$3,551,725$2,880,106$5,778,337
66$7,537,013$3,639,547$2,890,378$6,184,807
67$8,216,861$3,728,957$2,898,278$6,628,144
68$8,963,251$3,819,947$2,903,641$7,112,009
69$9,782,885$3,912,507$2,906,295$7,640,436
70$10,683,140$4,006,621$2,906,057$8,217,867
71$11,672,147$4,102,272$2,902,736$8,849,201
72$12,758,862$4,199,439$2,896,134$9,539,830
73$13,953,150$4,298,096$2,886,039$10,295,698
74$15,265,882$4,398,213$2,872,231$11,123,354
75$16,709,032$4,499,755$2,854,481$12,030,013
76$18,295,793$4,602,683$2,832,546$13,023,626
77$20,040,700$4,706,951$2,806,173$14,112,954
78$21,959,769$4,812,509$2,775,097$15,307,650
79$24,070,642$4,919,298$2,739,039$16,618,353
80$26,392,760$5,027,257$2,697,710$18,056,785
81$28,947,542$5,136,312$2,650,803$19,635,863
82$31,758,587$5,246,388$2,598,001$21,369,822
83$34,851,898$5,357,396$2,538,970$23,274,350
84$38,256,127$5,469,243$2,473,360$25,366,733
85$42,002,840$5,581,825$2,400,806$27,666,021
86$46,126,823$5,695,027$2,320,926$30,193,207
87$50,666,402$5,808,727$2,233,320$32,971,427
88$55,663,810$5,922,789$2,137,571$36,026,176
89$61,165,580$6,037,067$2,033,241$39,385,552
90$67,222,989$6,151,403$1,919,875$43,080,518
91$73,892,537$6,265,625$1,796,994$47,145,199
92$81,236,482$6,379,547$1,664,099$51,617,200
93$89,323,427$6,492,969$1,520,671$56,537,963
94$98,228,967$6,605,675$1,366,163$61,953,162
95$108,036,400$6,717,431$1,200,008$67,913,131
96$118,837,515$6,827,988$1,021,611$74,473,338
97$130,733,459$6,937,076$830,352$81,694,916
98$143,835,686$7,044,407$625,583$89,645,234
99$158,267,013$7,149,671$406,627$98,398,536
100$174,162,779$7,252,535$172,780$108,036,647