Can I retire at age 54 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$214,706$212,793$210,927$209,106$207,328$204,907
2 years$106,290$104,310$102,392$100,532$98,727$96,291
3 years$70,156$68,168$66,254$64,412$62,637$60,260
4 years$52,093$50,111$48,216$46,405$44,673$42,374
5 years$41,257$39,287$37,418$35,643$33,960$31,746
6 years$34,036$32,081$30,239$28,504$26,871$24,745
7 years$28,880$26,942$25,129$23,435$21,853$19,816
8 years$25,015$23,094$21,311$19,659$18,130$16,180
9 years$22,011$20,107$18,355$16,745$15,268$13,405
10 years$19,608$17,724$16,003$14,434$13,009$11,233
11 years$17,644$15,778$14,088$12,562$11,188$9,497
12 years$16,008$14,162$12,503$11,019$9,695$8,087
13 years$14,625$12,798$11,171$9,728$8,455$6,927
14 years$13,441$11,633$10,037$8,635$7,411$5,962
15 years$12,415$10,627$9,062$7,701$6,525$5,153
16 years$11,519$9,750$8,216$6,896$5,767$4,468
17 years$10,729$8,980$7,476$6,196$5,114$3,886
18 years$10,027$8,298$6,825$5,584$4,547$3,388
19 years$9,400$7,690$6,248$5,045$4,053$2,960
20 years$8,837$7,146$5,734$4,569$3,620$2,591
21 years$8,327$6,656$5,274$4,147$3,239$2,272
22 years$7,865$6,213$4,861$3,771$2,904$1,994
23 years$7,443$5,811$4,488$3,434$2,606$1,753
24 years$7,058$5,445$4,151$3,132$2,343$1,542
25 years$6,703$5,110$3,845$2,860$2,108$1,358
26 years$6,377$4,802$3,566$2,615$1,899$1,197
27 years$6,075$4,519$3,311$2,394$1,712$1,056
28 years$5,795$4,259$3,078$2,193$1,545$932
29 years$5,535$4,018$2,864$2,011$1,395$823
30 years$5,292$3,794$2,668$1,846$1,260$727
31 years$5,066$3,587$2,487$1,695$1,140$642
32 years$4,855$3,394$2,321$1,558$1,031$568
33 years$4,656$3,214$2,167$1,433$933$502
34 years$4,470$3,046$2,025$1,318$845$444
35 years$4,295$2,889$1,893$1,213$765$393
36 years$4,129$2,742$1,771$1,118$693$348
37 years$3,974$2,604$1,657$1,030$628$308
38 years$3,826$2,475$1,552$949$570$273
39 years$3,687$2,354$1,454$875$516$241
40 years$3,555$2,239$1,363$807$468$214
41 years$3,429$2,132$1,278$745$425$189
42 years$3,310$2,030$1,199$687$386$168
43 years$3,197$1,934$1,125$634$350$149
44 years$3,089$1,844$1,056$586$318$132
45 years$2,986$1,758$991$541$288$117
46 years$2,889$1,677$931$500$262$103
47 years$2,795$1,601$875$462$238$92
48 years$2,706$1,528$822$427$216$81
49 years$2,620$1,459$773$394$196$72
50 years$2,539$1,394$726$364$178$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,600,000, adding $6,719 every year, while hoping to spend $43,288 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: 43/31/26 Blend
53$2,600,000$2,600,000$2,600,000$2,600,000
54$2,872,131$2,734,331$2,694,031$2,973,608
55$3,119,030$2,822,255$2,738,223$3,134,661
56$3,389,662$2,913,036$2,782,444$3,304,405
57$3,686,402$3,006,770$2,826,651$3,487,480
58$4,011,866$3,103,552$2,870,794$3,685,143
59$4,368,935$3,203,485$2,914,824$3,898,780
60$4,760,782$3,306,672$2,958,687$4,129,914
61$5,190,904$3,413,221$3,002,325$4,380,221
62$5,663,151$3,523,243$3,045,677$4,651,545
63$6,181,764$3,636,853$3,088,679$4,945,918
64$6,751,416$3,754,172$3,131,262$5,265,572
65$7,377,255$3,875,320$3,173,354$5,612,969
66$8,064,951$4,000,427$3,214,877$5,990,816
67$8,820,751$4,129,623$3,255,751$6,402,094
68$9,651,538$4,263,045$3,295,889$6,850,087
69$10,564,894$4,400,834$3,335,201$7,338,407
70$11,569,173$4,543,134$3,373,589$7,871,037
71$12,673,578$4,690,097$3,410,954$8,452,357
72$13,888,249$4,841,877$3,447,187$9,087,197
73$15,224,358$4,998,638$3,482,176$9,780,871
74$16,694,215$5,160,543$3,515,801$10,539,235
75$18,311,382$5,327,767$3,547,938$11,368,738
76$20,090,803$5,500,487$3,578,453$12,276,483
77$22,048,942$5,678,888$3,607,208$13,270,296
78$24,203,940$5,863,160$3,634,056$14,358,796
79$26,575,788$6,053,500$3,658,842$15,551,478
80$29,186,509$6,250,113$3,681,405$16,858,801
81$32,060,375$6,453,210$3,701,573$18,292,288
82$35,224,125$6,663,009$3,719,168$19,864,635
83$38,707,225$6,879,737$3,734,000$21,589,828
84$42,542,145$7,103,626$3,745,871$23,483,274
85$46,764,659$7,334,920$3,754,574$25,561,949
86$51,414,192$7,573,868$3,759,890$27,844,558
87$56,534,183$7,820,731$3,761,589$30,351,707
88$62,172,498$8,075,775$3,759,431$33,106,103
89$68,381,884$8,339,280$3,753,163$36,132,761
90$75,220,463$8,611,531$3,742,521$39,459,246
91$82,752,281$8,892,827$3,727,226$43,115,929
92$91,047,914$9,183,476$3,706,988$47,136,276
93$100,185,130$9,483,795$3,681,502$51,557,159
94$110,249,628$9,794,116$3,650,447$56,419,210
95$121,335,842$10,114,779$3,613,488$61,767,198
96$133,547,833$10,446,139$3,570,275$67,650,455
97$147,000,273$10,788,560$3,520,440$74,123,340
98$161,819,524$11,142,423$3,463,599$81,245,751
99$178,144,834$11,508,120$3,399,347$89,083,691
100$196,129,646$11,886,057$3,327,265$97,709,891