Can I retire at age 54 with 2,590,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,590,000?

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$213,880$211,975$210,116$208,302$206,530$202,112
2 years$105,881$103,909$101,998$100,145$98,348$93,918
3 years$69,886$67,906$65,999$64,164$62,396$58,093
4 years$51,892$49,918$48,031$46,226$44,501$40,358
5 years$41,099$39,136$37,274$35,506$33,829$29,858
6 years$33,905$31,958$30,123$28,395$26,768$22,972
7 years$28,769$26,838$25,032$23,345$21,769$18,151
8 years$24,919$23,005$21,229$19,583$18,060$14,616
9 years$21,926$20,030$18,285$16,681$15,209$11,938
10 years$19,533$17,656$15,941$14,379$12,959$9,858
11 years$17,576$15,718$14,034$12,514$11,145$8,209
12 years$15,947$14,107$12,455$10,976$9,658$6,884
13 years$14,569$12,749$11,128$9,691$8,422$5,804
14 years$13,389$11,588$9,998$8,602$7,383$4,915
15 years$12,368$10,586$9,027$7,672$6,500$4,179
16 years$11,475$9,713$8,184$6,869$5,745$3,563
17 years$10,688$8,945$7,448$6,172$5,094$3,047
18 years$9,989$8,266$6,799$5,562$4,529$2,610
19 years$9,364$7,660$6,224$5,026$4,037$2,241
20 years$8,803$7,118$5,712$4,552$3,606$1,927
21 years$8,295$6,631$5,254$4,131$3,227$1,659
22 years$7,835$6,189$4,842$3,756$2,892$1,430
23 years$7,415$5,789$4,471$3,421$2,596$1,233
24 years$7,030$5,424$4,135$3,120$2,334$1,065
25 years$6,677$5,090$3,830$2,849$2,100$920
26 years$6,352$4,784$3,552$2,605$1,892$796
27 years$6,051$4,502$3,298$2,385$1,705$688
28 years$5,773$4,242$3,066$2,185$1,539$596
29 years$5,513$4,002$2,853$2,004$1,390$516
30 years$5,272$3,780$2,658$1,839$1,256$447
31 years$5,047$3,573$2,478$1,689$1,135$387
32 years$4,836$3,381$2,312$1,552$1,027$335
33 years$4,638$3,202$2,159$1,427$929$291
34 years$4,453$3,034$2,017$1,313$841$252
35 years$4,278$2,878$1,886$1,209$762$219
36 years$4,114$2,732$1,764$1,113$690$190
37 years$3,958$2,594$1,651$1,026$626$164
38 years$3,811$2,466$1,546$945$567$143
39 years$3,673$2,345$1,448$872$514$124
40 years$3,541$2,231$1,358$804$467$107
41 years$3,416$2,123$1,273$742$423$93
42 years$3,297$2,022$1,194$685$384$81
43 years$3,185$1,927$1,121$632$349$70
44 years$3,077$1,837$1,052$584$316$61
45 years$2,975$1,751$988$539$287$53
46 years$2,877$1,671$928$498$261$46
47 years$2,784$1,594$871$460$237$40
48 years$2,695$1,522$819$425$215$35
49 years$2,610$1,454$770$393$195$30
50 years$2,529$1,388$724$363$177$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,590,000, adding $4,774 every year, while hoping to spend $59,279 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: 42/50/8 Blend
53$2,590,000$2,590,000$2,590,000$2,590,000
54$2,859,104$2,721,834$2,681,689$2,972,287
55$3,087,661$2,792,132$2,708,454$3,121,917
56$3,337,543$2,863,887$2,734,128$3,277,470
57$3,610,864$2,937,109$2,758,612$3,444,547
58$3,909,949$3,011,805$2,781,803$3,624,219
59$4,237,361$3,087,980$2,803,591$3,817,667
60$4,595,920$3,165,639$2,823,859$4,026,187
61$4,988,731$3,244,783$2,842,486$4,251,210
62$5,419,217$3,325,413$2,859,344$4,494,307
63$5,891,143$3,407,524$2,874,298$4,757,210
64$6,408,659$3,491,112$2,887,207$5,041,825
65$6,976,336$3,576,170$2,897,922$5,350,251
66$7,599,207$3,662,687$2,906,287$5,684,800
67$8,282,815$3,750,648$2,912,137$6,048,016
68$9,033,270$3,840,037$2,915,300$6,442,704
69$9,857,297$3,930,833$2,915,597$6,871,952
70$10,762,308$4,023,010$2,912,836$7,339,161
71$11,756,466$4,116,541$2,906,819$7,848,078
72$12,848,766$4,211,391$2,897,337$8,402,831
73$14,049,113$4,307,523$2,884,172$9,007,969
74$15,368,424$4,404,893$2,867,093$9,668,500
75$16,818,724$4,503,453$2,845,860$10,389,947
76$18,413,259$4,603,147$2,820,222$11,178,390
77$20,166,627$4,703,917$2,789,915$12,040,533
78$22,094,907$4,805,693$2,754,661$12,983,761
79$24,215,817$4,908,401$2,714,172$14,016,210
80$26,548,878$5,011,961$2,668,144$15,146,847
81$29,115,597$5,116,280$2,616,261$16,385,556
82$31,939,671$5,221,261$2,558,189$17,743,223
83$35,047,211$5,326,797$2,493,582$19,231,850
84$38,466,985$5,432,768$2,422,075$20,864,660
85$42,230,693$5,539,049$2,343,290$22,656,226
86$46,373,261$5,645,500$2,256,828$24,622,610
87$50,933,175$5,751,970$2,162,272$26,781,510
88$55,952,840$5,858,298$2,059,190$29,152,433
89$61,478,981$5,964,307$1,947,125$31,756,876
90$67,563,087$6,069,807$1,825,602$34,618,530
91$74,261,888$6,174,594$1,694,127$37,763,506
92$81,637,899$6,278,448$1,552,179$41,220,578
93$89,760,005$6,381,131$1,399,216$45,021,462
94$98,704,108$6,482,390$1,234,673$49,201,109
95$108,553,851$6,581,951$1,057,958$53,798,039
96$119,401,398$6,679,521$868,454$58,854,706
97$131,348,309$6,774,786$665,516$64,417,898
98$144,506,496$6,867,409$448,470$70,539,181
99$158,999,279$6,957,033$216,614$77,275,386
100$174,962,549$7,043,271$0$84,689,147