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%13.7%
1 years$211,402$209,519$207,682$205,889$204,138$201,004
2 years$104,655$102,706$100,817$98,985$97,209$94,059
3 years$69,077$67,119$65,235$63,421$61,673$58,606
4 years$51,291$49,340$47,474$45,691$43,986$41,024
5 years$40,623$38,683$36,842$35,095$33,437$30,590
6 years$33,513$31,588$29,774$28,066$26,458$23,728
7 years$28,436$26,527$24,742$23,074$21,517$18,906
8 years$24,630$22,739$20,983$19,357$17,851$15,358
9 years$21,672$19,798$18,073$16,488$15,033$12,657
10 years$19,307$17,451$15,756$14,212$12,809$10,548
11 years$17,373$15,536$13,872$12,369$11,016$8,867
12 years$15,762$13,944$12,311$10,849$9,546$7,508
13 years$14,400$12,601$10,999$9,578$8,324$6,393
14 years$13,234$11,454$9,883$8,503$7,297$5,470
15 years$12,224$10,464$8,923$7,583$6,425$4,698
16 years$11,342$9,600$8,090$6,790$5,678$4,049
17 years$10,564$8,841$7,361$6,100$5,035$3,499
18 years$9,873$8,170$6,720$5,498$4,477$3,031
19 years$9,256$7,572$6,152$4,968$3,990$2,631
20 years$8,701$7,036$5,646$4,499$3,564$2,288
21 years$8,199$6,554$5,193$4,083$3,190$1,992
22 years$7,744$6,118$4,786$3,713$2,859$1,737
23 years$7,329$5,722$4,419$3,381$2,566$1,516
24 years$6,949$5,361$4,087$3,084$2,307$1,325
25 years$6,600$5,031$3,785$2,816$2,076$1,158
26 years$6,278$4,728$3,511$2,575$1,870$1,014
27 years$5,981$4,450$3,260$2,357$1,686$888
28 years$5,706$4,193$3,031$2,160$1,521$778
29 years$5,450$3,956$2,820$1,980$1,373$682
30 years$5,211$3,736$2,627$1,817$1,241$598
31 years$4,988$3,532$2,449$1,669$1,122$524
32 years$4,780$3,342$2,285$1,534$1,015$460
33 years$4,585$3,164$2,134$1,411$918$404
34 years$4,401$2,999$1,993$1,298$832$355
35 years$4,229$2,845$1,864$1,195$753$311
36 years$4,066$2,700$1,743$1,100$682$273
37 years$3,912$2,564$1,632$1,014$619$240
38 years$3,767$2,437$1,528$935$561$211
39 years$3,630$2,317$1,432$862$509$185
40 years$3,500$2,205$1,342$795$461$163
41 years$3,376$2,099$1,258$733$418$143
42 years$3,259$1,999$1,180$677$380$126
43 years$3,148$1,905$1,108$625$345$111
44 years$3,042$1,815$1,040$577$313$97
45 years$2,941$1,731$976$533$284$86
46 years$2,844$1,651$917$492$258$75
47 years$2,752$1,576$861$455$234$66
48 years$2,664$1,504$809$420$213$58
49 years$2,580$1,437$761$388$193$51
50 years$2,499$1,372$715$359$175$45

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 $2,103 every year, while hoping to spend $59,349 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: 31/46/23 Blend
53$2,560,000$2,560,000$2,560,000$2,560,000
54$2,823,289$2,687,609$2,647,929$2,890,663
55$3,048,118$2,756,155$2,673,488$3,010,661
56$3,293,890$2,826,071$2,697,914$3,134,288
57$3,562,679$2,897,361$2,721,106$3,266,152
58$3,856,768$2,970,027$2,742,959$3,407,008
59$4,178,671$3,044,071$2,763,361$3,557,691
60$4,531,156$3,119,491$2,782,194$3,719,116
61$4,917,272$3,196,285$2,799,336$3,892,295
62$5,340,376$3,274,445$2,814,656$4,078,341
63$5,804,165$3,353,963$2,828,017$4,278,481
64$6,312,712$3,434,829$2,839,278$4,494,066
65$6,870,500$3,517,027$2,848,285$4,726,585
66$7,482,470$3,600,541$2,854,882$4,977,681
67$8,154,064$3,685,349$2,858,902$5,249,163
68$8,891,274$3,771,427$2,860,171$5,543,025
69$9,700,703$3,858,745$2,858,506$5,861,465
70$10,589,623$3,947,272$2,853,714$6,206,906
71$11,566,045$4,036,969$2,845,594$6,582,020
72$12,638,795$4,127,794$2,833,935$6,989,750
73$13,817,596$4,219,700$2,818,515$7,433,343
74$15,113,158$4,312,632$2,799,103$7,916,377
75$16,537,281$4,406,533$2,775,454$8,442,798
76$18,102,967$4,501,335$2,747,314$9,016,953
77$19,824,537$4,596,968$2,714,417$9,643,639
78$21,717,772$4,693,352$2,676,482$10,328,141
79$23,800,058$4,790,399$2,633,217$11,076,288
80$26,090,549$4,888,015$2,584,316$11,894,503
81$28,610,352$4,986,094$2,529,457$12,789,873
82$31,382,719$5,084,524$2,468,305$13,770,205
83$34,433,273$5,183,182$2,400,510$14,844,110
84$37,790,242$5,281,933$2,325,702$16,021,081
85$41,484,733$5,380,634$2,243,500$17,311,582
86$45,551,018$5,479,128$2,153,500$18,727,152
87$50,026,862$5,577,245$2,055,282$20,280,511
88$54,953,876$5,674,804$1,948,408$21,985,681
89$60,377,910$5,771,608$1,832,418$23,858,122
90$66,349,485$5,867,446$1,706,832$25,914,878
91$72,924,272$5,962,089$1,571,150$28,174,738
92$80,163,612$6,055,296$1,424,848$30,658,416
93$88,135,098$6,146,803$1,267,378$33,388,747
94$96,913,211$6,236,330$1,098,168$36,390,905
95$106,580,025$6,323,576$916,623$39,692,640
96$117,225,976$6,408,220$722,119$43,324,544
97$128,950,720$6,489,917$514,004$47,320,342
98$141,864,070$6,568,300$291,600$51,717,210
99$156,087,034$6,642,975$54,197$56,556,128
100$171,752,954$6,713,524$0$61,882,271