Can I retire at age 54 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$213,054$211,156$209,305$207,497$205,733$201,004
2 years$105,472$103,508$101,604$99,758$97,968$93,230
3 years$69,616$67,644$65,745$63,916$62,155$57,556
4 years$51,692$49,725$47,845$46,048$44,329$39,904
5 years$40,940$38,985$37,130$35,369$33,699$29,460
6 years$33,775$31,834$30,006$28,285$26,664$22,617
7 years$28,658$26,734$24,936$23,255$21,685$17,829
8 years$24,823$22,916$21,147$19,508$17,990$14,324
9 years$21,841$19,953$18,214$16,616$15,150$11,672
10 years$19,457$17,587$15,880$14,323$12,909$9,614
11 years$17,508$15,657$13,980$12,466$11,102$7,986
12 years$15,885$14,053$12,407$10,934$9,621$6,679
13 years$14,513$12,700$11,085$9,653$8,389$5,616
14 years$13,338$11,544$9,960$8,569$7,354$4,744
15 years$12,320$10,545$8,992$7,642$6,475$4,021
16 years$11,430$9,675$8,153$6,843$5,723$3,419
17 years$10,646$8,910$7,419$6,148$5,074$2,915
18 years$9,950$8,234$6,772$5,541$4,512$2,490
19 years$9,328$7,631$6,200$5,006$4,021$2,132
20 years$8,769$7,091$5,690$4,534$3,592$1,827
21 years$8,263$6,605$5,234$4,115$3,214$1,568
22 years$7,804$6,166$4,824$3,742$2,881$1,348
23 years$7,386$5,766$4,454$3,408$2,586$1,159
24 years$7,003$5,403$4,119$3,108$2,325$998
25 years$6,652$5,070$3,815$2,838$2,092$859
26 years$6,328$4,765$3,538$2,595$1,884$741
27 years$6,028$4,485$3,285$2,375$1,699$639
28 years$5,750$4,226$3,054$2,176$1,533$551
29 years$5,492$3,987$2,842$1,996$1,384$475
30 years$5,252$3,765$2,647$1,832$1,251$410
31 years$5,027$3,559$2,468$1,682$1,131$354
32 years$4,817$3,368$2,303$1,546$1,023$306
33 years$4,620$3,189$2,150$1,422$926$264
34 years$4,436$3,023$2,009$1,308$838$229
35 years$4,262$2,867$1,878$1,204$759$197
36 years$4,098$2,721$1,757$1,109$688$171
37 years$3,943$2,584$1,645$1,022$623$148
38 years$3,797$2,456$1,540$942$565$128
39 years$3,658$2,336$1,443$868$512$110
40 years$3,527$2,222$1,352$801$465$95
41 years$3,403$2,115$1,268$739$422$82
42 years$3,285$2,014$1,190$682$383$71
43 years$3,172$1,919$1,116$630$347$62
44 years$3,065$1,830$1,048$581$315$53
45 years$2,963$1,745$984$537$286$46
46 years$2,866$1,664$924$496$260$40
47 years$2,774$1,588$868$458$236$34
48 years$2,685$1,516$816$423$214$30
49 years$2,600$1,448$767$391$195$26
50 years$2,519$1,383$721$362$177$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,580,000, adding $6,276 every year, while hoping to spend $23,297 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: 44/38/18 Blend
53$2,580,000$2,580,000$2,580,000$2,580,000
54$2,849,634$2,712,894$2,672,904$2,959,934
55$3,115,509$2,821,038$2,737,658$3,146,180
56$3,407,722$2,933,700$2,803,801$3,345,136
57$3,728,935$3,051,077$2,871,354$3,560,298
58$4,082,082$3,173,375$2,940,340$3,793,174
59$4,470,392$3,300,809$3,010,779$4,045,419
60$4,897,427$3,433,603$3,082,695$4,318,853
61$5,367,107$3,571,991$3,156,108$4,615,477
62$5,883,754$3,716,221$3,231,039$4,937,486
63$6,452,128$3,866,548$3,307,511$5,287,296
64$7,077,476$4,023,240$3,385,543$5,667,562
65$7,765,578$4,186,577$3,465,158$6,081,200
66$8,522,801$4,356,854$3,546,375$6,531,421
67$9,356,163$4,534,375$3,629,215$7,021,752
68$10,273,394$4,719,463$3,713,696$7,556,074
69$11,283,015$4,912,451$3,799,840$8,138,654
70$12,394,412$5,113,690$3,887,663$8,774,188
71$13,617,927$5,323,547$3,977,186$9,467,840
72$14,964,959$5,542,404$4,068,425$10,225,292
73$16,448,065$5,770,662$4,161,397$11,052,796
74$18,081,084$6,008,740$4,256,120$11,957,233
75$19,879,263$6,257,077$4,352,608$12,946,173
76$21,859,404$6,516,130$4,450,877$14,027,950
77$24,040,022$6,786,379$4,550,940$15,211,733
78$26,441,518$7,068,326$4,652,811$16,507,619
79$29,086,373$7,362,494$4,756,500$17,926,718
80$31,999,360$7,669,433$4,862,020$19,481,263
81$35,207,776$7,989,717$4,969,379$21,184,721
82$38,741,702$8,323,945$5,078,586$23,051,919
83$42,634,284$8,672,747$5,189,647$25,099,180
84$46,922,049$9,036,780$5,302,568$27,344,478
85$51,645,247$9,416,731$5,417,353$29,807,605
86$56,848,231$9,813,319$5,534,003$32,510,354
87$62,579,877$10,227,298$5,652,518$35,476,724
88$68,894,044$10,659,456$5,772,898$38,733,145
89$75,850,084$11,110,617$5,895,137$42,308,722
90$83,513,398$11,581,643$6,019,230$46,235,511
91$91,956,058$12,073,437$6,145,168$50,548,816
92$101,257,486$12,586,945$6,272,940$55,287,522
93$111,505,198$13,123,154$6,402,533$60,494,456
94$122,795,641$13,683,101$6,533,930$66,216,792
95$135,235,091$14,267,867$6,667,111$72,506,490
96$148,940,665$14,878,588$6,802,054$79,420,785
97$164,041,423$15,516,449$6,938,733$87,022,725
98$180,679,586$16,182,692$7,077,118$95,381,759
99$199,011,878$16,878,619$7,217,177$104,574,392
100$219,211,008$17,605,590$7,358,871$114,684,903