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

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$213,880$211,975$210,116$208,302$206,530$198,571
2 years$105,881$103,909$101,998$100,145$98,348$90,424
3 years$69,886$67,906$65,999$64,164$62,396$54,757
4 years$51,892$49,918$48,031$46,226$44,501$37,205
5 years$41,099$39,136$37,274$35,506$33,829$26,895
6 years$33,905$31,958$30,123$28,395$26,768$20,200
7 years$28,769$26,838$25,032$23,345$21,769$15,565
8 years$24,919$23,005$21,229$19,583$18,060$12,214
9 years$21,926$20,030$18,285$16,681$15,209$9,713
10 years$19,533$17,656$15,941$14,379$12,959$7,802
11 years$17,576$15,718$14,034$12,514$11,145$6,316
12 years$15,947$14,107$12,455$10,976$9,658$5,144
13 years$14,569$12,749$11,128$9,691$8,422$4,210
14 years$13,389$11,588$9,998$8,602$7,383$3,459
15 years$12,368$10,586$9,027$7,672$6,500$2,850
16 years$11,475$9,713$8,184$6,869$5,745$2,355
17 years$10,688$8,945$7,448$6,172$5,094$1,950
18 years$9,989$8,266$6,799$5,562$4,529$1,617
19 years$9,364$7,660$6,224$5,026$4,037$1,343
20 years$8,803$7,118$5,712$4,552$3,606$1,116
21 years$8,295$6,631$5,254$4,131$3,227$929
22 years$7,835$6,189$4,842$3,756$2,892$774
23 years$7,415$5,789$4,471$3,421$2,596$645
24 years$7,030$5,424$4,135$3,120$2,334$538
25 years$6,677$5,090$3,830$2,849$2,100$449
26 years$6,352$4,784$3,552$2,605$1,892$374
27 years$6,051$4,502$3,298$2,385$1,705$313
28 years$5,773$4,242$3,066$2,185$1,539$261
29 years$5,513$4,002$2,853$2,004$1,390$218
30 years$5,272$3,780$2,658$1,839$1,256$182
31 years$5,047$3,573$2,478$1,689$1,135$152
32 years$4,836$3,381$2,312$1,552$1,027$127
33 years$4,638$3,202$2,159$1,427$929$106
34 years$4,453$3,034$2,017$1,313$841$89
35 years$4,278$2,878$1,886$1,209$762$74
36 years$4,114$2,732$1,764$1,113$690$62
37 years$3,958$2,594$1,651$1,026$626$52
38 years$3,811$2,466$1,546$945$567$43
39 years$3,673$2,345$1,448$872$514$36
40 years$3,541$2,231$1,358$804$467$30
41 years$3,416$2,123$1,273$742$423$25
42 years$3,297$2,022$1,194$685$384$21
43 years$3,185$1,927$1,121$632$349$18
44 years$3,077$1,837$1,052$584$316$15
45 years$2,975$1,751$988$539$287$12
46 years$2,877$1,671$928$498$261$10
47 years$2,784$1,594$871$460$237$9
48 years$2,695$1,522$819$425$215$7
49 years$2,610$1,454$770$393$195$6
50 years$2,529$1,388$724$363$177$5

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 $5,799 every year, while hoping to spend $43,902 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: 51/20/29 Blend
53$2,590,000$2,590,000$2,590,000$2,590,000
54$2,860,162$2,722,892$2,682,747$2,982,362
55$3,105,187$2,809,602$2,725,907$3,154,968
56$3,373,733$2,899,090$2,769,042$3,337,705
57$3,668,153$2,991,445$2,812,105$3,535,566
58$3,991,039$3,086,759$2,855,044$3,750,013
59$4,345,244$3,185,129$2,897,807$3,982,653
60$4,733,912$3,286,654$2,940,337$4,235,258
61$5,160,506$3,391,435$2,982,573$4,509,777
62$5,628,840$3,499,578$3,024,452$4,808,358
63$6,143,116$3,611,192$3,065,906$5,133,363
64$6,707,963$3,726,389$3,106,862$5,487,396
65$7,328,479$3,845,286$3,147,246$5,873,326
66$8,010,281$3,968,002$3,186,976$6,294,309
67$8,759,557$4,094,661$3,225,967$6,753,825
68$9,583,124$4,225,392$3,264,129$7,255,704
69$10,488,493$4,360,327$3,301,368$7,804,168
70$11,483,939$4,499,602$3,337,583$8,403,864
71$12,578,577$4,643,359$3,372,668$9,059,916
72$13,782,451$4,791,743$3,406,512$9,777,965
73$15,106,627$4,944,905$3,438,997$10,564,226
74$16,563,298$5,103,000$3,469,998$11,425,548
75$18,165,897$5,266,189$3,499,385$12,369,476
76$19,929,225$5,434,639$3,527,021$13,404,321
77$21,869,590$5,608,521$3,552,761$14,539,241
78$24,004,962$5,788,011$3,576,451$15,784,329
79$26,355,138$5,973,294$3,597,933$17,150,700
80$28,941,935$6,164,559$3,617,037$18,650,607
81$31,789,391$6,362,000$3,633,585$20,297,545
82$34,923,991$6,565,821$3,647,393$22,106,389
83$38,374,921$6,776,229$3,658,264$24,093,526
84$42,174,340$6,993,441$3,665,992$26,277,013
85$46,357,682$7,217,679$3,670,363$28,676,749
86$50,963,994$7,449,174$3,671,148$31,314,659
87$56,036,302$7,688,164$3,668,112$34,214,902
88$61,622,016$7,934,895$3,661,005$37,404,103
89$67,773,377$8,189,621$3,649,565$40,911,597
90$74,547,954$8,452,605$3,633,517$44,769,711
91$82,009,182$8,724,118$3,612,576$49,014,069
92$90,226,960$9,004,442$3,586,439$53,683,924
93$99,278,316$9,293,866$3,554,791$58,822,535
94$109,248,129$9,592,690$3,517,302$64,477,569
95$120,229,931$9,901,224$3,473,624$70,701,553
96$132,326,789$10,219,790$3,423,396$77,552,374
97$145,652,279$10,548,717$3,366,237$85,093,819
98$160,331,556$10,888,348$3,301,750$93,396,181
99$176,502,536$11,239,038$3,229,520$102,536,921
100$194,317,196$11,601,153$3,149,110$112,601,400