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%12.6%
1 years$213,880$211,975$210,116$208,302$206,530$204,288
2 years$105,881$103,909$101,998$100,145$98,348$96,091
3 years$69,886$67,906$65,999$64,164$62,396$60,193
4 years$51,892$49,918$48,031$46,226$44,501$42,370
5 years$41,099$39,136$37,274$35,506$33,829$31,776
6 years$33,905$31,958$30,123$28,395$26,768$24,795
7 years$28,769$26,838$25,032$23,345$21,769$19,878
8 years$24,919$23,005$21,229$19,583$18,060$16,249
9 years$21,926$20,030$18,285$16,681$15,209$13,479
10 years$19,533$17,656$15,941$14,379$12,959$11,308
11 years$17,576$15,718$14,034$12,514$11,145$9,572
12 years$15,947$14,107$12,455$10,976$9,658$8,161
13 years$14,569$12,749$11,128$9,691$8,422$7,000
14 years$13,389$11,588$9,998$8,602$7,383$6,033
15 years$12,368$10,586$9,027$7,672$6,500$5,221
16 years$11,475$9,713$8,184$6,869$5,745$4,534
17 years$10,688$8,945$7,448$6,172$5,094$3,949
18 years$9,989$8,266$6,799$5,562$4,529$3,448
19 years$9,364$7,660$6,224$5,026$4,037$3,017
20 years$8,803$7,118$5,712$4,552$3,606$2,644
21 years$8,295$6,631$5,254$4,131$3,227$2,322
22 years$7,835$6,189$4,842$3,756$2,892$2,041
23 years$7,415$5,789$4,471$3,421$2,596$1,797
24 years$7,030$5,424$4,135$3,120$2,334$1,584
25 years$6,677$5,090$3,830$2,849$2,100$1,397
26 years$6,352$4,784$3,552$2,605$1,892$1,233
27 years$6,051$4,502$3,298$2,385$1,705$1,089
28 years$5,773$4,242$3,066$2,185$1,539$963
29 years$5,513$4,002$2,853$2,004$1,390$851
30 years$5,272$3,780$2,658$1,839$1,256$753
31 years$5,047$3,573$2,478$1,689$1,135$667
32 years$4,836$3,381$2,312$1,552$1,027$591
33 years$4,638$3,202$2,159$1,427$929$523
34 years$4,453$3,034$2,017$1,313$841$464
35 years$4,278$2,878$1,886$1,209$762$411
36 years$4,114$2,732$1,764$1,113$690$364
37 years$3,958$2,594$1,651$1,026$626$323
38 years$3,811$2,466$1,546$945$567$286
39 years$3,673$2,345$1,448$872$514$254
40 years$3,541$2,231$1,358$804$467$225
41 years$3,416$2,123$1,273$742$423$200
42 years$3,297$2,022$1,194$685$384$177
43 years$3,185$1,927$1,121$632$349$157
44 years$3,077$1,837$1,052$584$316$140
45 years$2,975$1,751$988$539$287$124
46 years$2,877$1,671$928$498$261$110
47 years$2,784$1,594$871$460$237$98
48 years$2,695$1,522$819$425$215$87
49 years$2,610$1,454$770$393$195$77
50 years$2,529$1,388$724$363$177$68

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 $6,974 every year, while hoping to spend $27,951 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: 37/36/27 Blend
53$2,590,000$2,590,000$2,590,000$2,590,000
54$2,861,374$2,724,104$2,683,959$2,943,909
55$3,123,494$2,827,845$2,744,132$3,109,133
56$3,411,414$2,935,733$2,805,384$3,284,425
57$3,727,736$3,047,941$2,867,721$3,473,233
58$4,075,325$3,164,651$2,931,150$3,676,797
59$4,457,341$3,286,051$2,995,676$3,896,478
60$4,877,261$3,412,339$3,061,303$4,133,769
61$5,338,920$3,543,722$3,128,035$4,390,313
62$5,846,539$3,680,414$3,195,873$4,667,912
63$6,404,772$3,822,640$3,264,821$4,968,551
64$7,018,743$3,970,634$3,334,877$5,294,406
65$7,694,102$4,124,642$3,406,042$5,647,874
66$8,437,069$4,284,918$3,478,314$6,031,588
67$9,254,501$4,451,730$3,551,689$6,448,443
68$10,153,953$4,625,357$3,626,162$6,901,623
69$11,143,746$4,806,090$3,701,729$7,394,630
70$12,233,052$4,994,233$3,778,381$7,931,316
71$13,431,976$5,190,102$3,856,109$8,515,919
72$14,751,651$5,394,031$3,934,902$9,153,101
73$16,204,346$5,606,365$4,014,748$9,847,992
74$17,803,579$5,827,466$4,095,632$10,606,235
75$19,564,245$6,057,713$4,177,536$11,434,043
76$21,502,756$6,297,499$4,260,442$12,338,251
77$23,637,199$6,547,239$4,344,329$13,326,385
78$25,987,502$6,807,362$4,429,172$14,406,725
79$28,575,624$7,078,319$4,514,946$15,588,388
80$31,425,762$7,360,582$4,601,621$16,881,410
81$34,564,580$7,654,641$4,689,166$18,296,840
82$38,021,460$7,961,010$4,777,546$19,846,843
83$41,828,777$8,280,228$4,866,721$21,544,811
84$46,022,208$8,612,855$4,956,652$23,405,492
85$50,641,066$8,959,478$5,047,293$25,445,125
86$55,728,672$9,320,709$5,138,595$27,681,592
87$61,332,764$9,697,191$5,230,505$30,134,584
88$67,505,946$10,089,594$5,322,967$32,825,788
89$74,306,185$10,498,617$5,415,919$35,779,087
90$81,797,360$10,924,993$5,509,297$39,020,785
91$90,049,861$11,369,488$5,603,028$42,579,853
92$99,141,256$11,832,902$5,697,039$46,488,199
93$109,157,022$12,316,072$5,791,247$50,780,971
94$120,191,352$12,819,873$5,885,568$55,496,879
95$132,348,043$13,345,221$5,979,908$60,678,568
96$145,741,478$13,893,071$6,074,169$66,373,009
97$160,497,702$14,464,425$6,168,247$72,631,946
98$176,755,615$15,060,329$6,262,031$79,512,376
99$194,668,280$15,681,877$6,355,401$87,077,091
100$214,404,370$16,330,214$6,448,232$95,395,263