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%15.2%
1 years$213,054$211,156$209,305$207,497$205,733$201,332
2 years$105,472$103,508$101,604$99,758$97,968$93,556
3 years$69,616$67,644$65,745$63,916$62,155$57,869
4 years$51,692$49,725$47,845$46,048$44,329$40,203
5 years$40,940$38,985$37,130$35,369$33,699$29,743
6 years$33,775$31,834$30,006$28,285$26,664$22,884
7 years$28,658$26,734$24,936$23,255$21,685$18,080
8 years$24,823$22,916$21,147$19,508$17,990$14,560
9 years$21,841$19,953$18,214$16,616$15,150$11,892
10 years$19,457$17,587$15,880$14,323$12,909$9,820
11 years$17,508$15,657$13,980$12,466$11,102$8,178
12 years$15,885$14,053$12,407$10,934$9,621$6,857
13 years$14,513$12,700$11,085$9,653$8,389$5,781
14 years$13,338$11,544$9,960$8,569$7,354$4,896
15 years$12,320$10,545$8,992$7,642$6,475$4,163
16 years$11,430$9,675$8,153$6,843$5,723$3,550
17 years$10,646$8,910$7,419$6,148$5,074$3,035
18 years$9,950$8,234$6,772$5,541$4,512$2,600
19 years$9,328$7,631$6,200$5,006$4,021$2,232
20 years$8,769$7,091$5,690$4,534$3,592$1,919
21 years$8,263$6,605$5,234$4,115$3,214$1,652
22 years$7,804$6,166$4,824$3,742$2,881$1,424
23 years$7,386$5,766$4,454$3,408$2,586$1,229
24 years$7,003$5,403$4,119$3,108$2,325$1,061
25 years$6,652$5,070$3,815$2,838$2,092$917
26 years$6,328$4,765$3,538$2,595$1,884$793
27 years$6,028$4,485$3,285$2,375$1,699$686
28 years$5,750$4,226$3,054$2,176$1,533$594
29 years$5,492$3,987$2,842$1,996$1,384$514
30 years$5,252$3,765$2,647$1,832$1,251$445
31 years$5,027$3,559$2,468$1,682$1,131$386
32 years$4,817$3,368$2,303$1,546$1,023$334
33 years$4,620$3,189$2,150$1,422$926$290
34 years$4,436$3,023$2,009$1,308$838$251
35 years$4,262$2,867$1,878$1,204$759$218
36 years$4,098$2,721$1,757$1,109$688$189
37 years$3,943$2,584$1,645$1,022$623$164
38 years$3,797$2,456$1,540$942$565$142
39 years$3,658$2,336$1,443$868$512$123
40 years$3,527$2,222$1,352$801$465$107
41 years$3,403$2,115$1,268$739$422$93
42 years$3,285$2,014$1,190$682$383$81
43 years$3,172$1,919$1,116$630$347$70
44 years$3,065$1,830$1,048$581$315$61
45 years$2,963$1,745$984$537$286$53
46 years$2,866$1,664$924$496$260$46
47 years$2,774$1,588$868$458$236$40
48 years$2,685$1,516$816$423$214$34
49 years$2,600$1,448$767$391$195$30
50 years$2,519$1,383$721$362$177$26

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 $6,378 every year, while hoping to spend $49,354 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: 39/41/20 Blend
53$2,580,000$2,580,000$2,580,000$2,580,000
54$2,849,739$2,712,999$2,673,009$2,943,667
55$3,087,900$2,793,424$2,710,042$3,092,203
56$3,348,699$2,876,135$2,746,662$3,247,542
57$3,634,394$2,961,193$2,782,803$3,414,494
58$3,947,470$3,048,659$2,818,394$3,594,140
59$4,290,663$3,138,595$2,853,362$3,787,667
60$4,666,990$3,231,065$2,887,629$3,996,383
61$5,079,771$3,326,135$2,921,113$4,221,726
62$5,532,663$3,423,871$2,953,725$4,465,279
63$6,029,695$3,524,341$2,985,375$4,728,783
64$6,575,304$3,627,614$3,015,965$5,014,156
65$7,174,378$3,733,760$3,045,393$5,323,507
66$7,832,303$3,842,852$3,073,552$5,659,159
67$8,555,009$3,954,963$3,100,327$6,023,671
68$9,349,031$4,070,167$3,125,599$6,419,858
69$10,221,567$4,188,541$3,149,242$6,850,820
70$11,180,549$4,310,162$3,171,124$7,319,972
71$12,234,713$4,435,108$3,191,105$7,831,074
72$13,393,685$4,563,459$3,209,038$8,388,267
73$14,668,070$4,695,298$3,224,769$8,996,113
74$16,069,551$4,830,705$3,238,137$9,659,634
75$17,611,001$4,969,766$3,248,971$10,384,365
76$19,306,604$5,112,564$3,257,091$11,176,401
77$21,171,985$5,259,188$3,262,312$12,042,455
78$23,224,362$5,409,723$3,264,434$12,989,926
79$25,482,706$5,564,258$3,263,252$14,026,962
80$27,967,919$5,722,884$3,258,548$15,162,540
81$30,703,033$5,885,691$3,250,095$16,406,551
82$33,713,423$6,052,771$3,237,654$17,769,890
83$37,027,051$6,224,216$3,220,974$19,264,565
84$40,674,727$6,400,119$3,199,794$20,903,802
85$44,690,400$6,580,576$3,173,838$22,702,176
86$49,111,478$6,765,681$3,142,818$24,675,746
87$53,979,179$6,955,530$3,106,433$26,842,206
88$59,338,924$7,150,219$3,064,367$29,221,053
89$65,240,759$7,349,845$3,016,288$31,833,769
90$71,739,833$7,554,504$2,961,850$34,704,027
91$78,896,915$7,764,293$2,900,691$37,857,910
92$86,778,967$7,979,310$2,832,431$41,324,162
93$95,459,777$8,199,652$2,756,673$45,134,456
94$105,020,655$8,425,416$2,673,002$49,323,691
95$115,551,197$8,656,697$2,580,984$53,930,329
96$127,150,136$8,893,592$2,480,163$58,996,748
97$139,926,267$9,136,195$2,370,066$64,569,650
98$153,999,478$9,384,600$2,250,195$70,700,499
99$169,501,880$9,638,901$2,120,031$77,446,006
100$186,579,052$9,899,187$1,979,033$84,868,667