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%18.9%
1 years$214,706$212,793$210,927$209,106$207,328$199,892
2 years$106,290$104,310$102,392$100,532$98,727$91,317
3 years$70,156$68,168$66,254$64,412$62,637$55,484
4 years$52,093$50,111$48,216$46,405$44,673$37,832
5 years$41,257$39,287$37,418$35,643$33,960$27,449
6 years$34,036$32,081$30,239$28,504$26,871$20,696
7 years$28,880$26,942$25,129$23,435$21,853$16,012
8 years$25,015$23,094$21,311$19,659$18,130$12,617
9 years$22,011$20,107$18,355$16,745$15,268$10,076
10 years$19,608$17,724$16,003$14,434$13,009$8,130
11 years$17,644$15,778$14,088$12,562$11,188$6,611
12 years$16,008$14,162$12,503$11,019$9,695$5,410
13 years$14,625$12,798$11,171$9,728$8,455$4,449
14 years$13,441$11,633$10,037$8,635$7,411$3,673
15 years$12,415$10,627$9,062$7,701$6,525$3,042
16 years$11,519$9,750$8,216$6,896$5,767$2,526
17 years$10,729$8,980$7,476$6,196$5,114$2,102
18 years$10,027$8,298$6,825$5,584$4,547$1,753
19 years$9,400$7,690$6,248$5,045$4,053$1,463
20 years$8,837$7,146$5,734$4,569$3,620$1,223
21 years$8,327$6,656$5,274$4,147$3,239$1,023
22 years$7,865$6,213$4,861$3,771$2,904$857
23 years$7,443$5,811$4,488$3,434$2,606$718
24 years$7,058$5,445$4,151$3,132$2,343$602
25 years$6,703$5,110$3,845$2,860$2,108$505
26 years$6,377$4,802$3,566$2,615$1,899$424
27 years$6,075$4,519$3,311$2,394$1,712$356
28 years$5,795$4,259$3,078$2,193$1,545$299
29 years$5,535$4,018$2,864$2,011$1,395$251
30 years$5,292$3,794$2,668$1,846$1,260$211
31 years$5,066$3,587$2,487$1,695$1,140$177
32 years$4,855$3,394$2,321$1,558$1,031$149
33 years$4,656$3,214$2,167$1,433$933$125
34 years$4,470$3,046$2,025$1,318$845$105
35 years$4,295$2,889$1,893$1,213$765$88
36 years$4,129$2,742$1,771$1,118$693$74
37 years$3,974$2,604$1,657$1,030$628$63
38 years$3,826$2,475$1,552$949$570$53
39 years$3,687$2,354$1,454$875$516$44
40 years$3,555$2,239$1,363$807$468$37
41 years$3,429$2,132$1,278$745$425$31
42 years$3,310$2,030$1,199$687$386$26
43 years$3,197$1,934$1,125$634$350$22
44 years$3,089$1,844$1,056$586$318$19
45 years$2,986$1,758$991$541$288$16
46 years$2,889$1,677$931$500$262$13
47 years$2,795$1,601$875$462$238$11
48 years$2,706$1,528$822$427$216$9
49 years$2,620$1,459$773$394$196$8
50 years$2,539$1,394$726$364$178$7

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 $3,112 every year, while hoping to spend $41,998 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: 51/39/10 Blend
53$2,600,000$2,600,000$2,600,000$2,600,000
54$2,868,410$2,730,610$2,690,310$3,007,028
55$3,116,302$2,819,724$2,735,750$3,191,070
56$3,388,072$2,911,798$2,781,304$3,386,291
57$3,686,110$3,006,931$2,826,933$3,597,538
58$4,013,051$3,105,228$2,872,592$3,826,330
59$4,371,794$3,206,796$2,918,237$4,074,336
60$4,765,536$3,311,748$2,963,817$4,343,393
61$5,197,796$3,420,199$3,009,280$4,635,521
62$5,672,451$3,532,268$3,054,570$4,952,942
63$6,193,772$3,648,080$3,099,629$5,298,102
64$6,766,464$3,767,763$3,144,394$5,673,690
65$7,395,709$3,891,450$3,188,797$6,082,668
66$8,087,218$4,019,277$3,232,768$6,528,293
67$8,847,281$4,151,389$3,276,233$7,014,151
68$9,682,828$4,287,931$3,319,111$7,544,189
69$10,601,494$4,429,058$3,361,319$8,122,754
70$11,611,692$4,574,926$3,402,768$8,754,627
71$12,722,688$4,725,701$3,443,364$9,445,075
72$13,944,693$4,881,552$3,483,009$10,199,896
73$15,288,959$5,042,655$3,521,596$11,025,475
74$16,767,880$5,209,192$3,559,017$11,928,840
75$18,395,113$5,381,352$3,595,153$12,917,734
76$20,185,706$5,559,330$3,629,883$14,000,680
77$22,156,241$5,743,330$3,663,076$15,187,068
78$24,324,985$5,933,560$3,694,597$16,487,235
79$26,712,068$6,130,240$3,724,301$17,912,571
80$29,339,671$6,333,593$3,752,036$19,475,618
81$32,232,233$6,543,855$3,777,645$21,190,190
82$35,416,683$6,761,267$3,800,959$23,071,504
83$38,922,696$6,986,079$3,821,802$25,136,323
84$42,782,967$7,218,554$3,839,989$27,403,110
85$47,033,526$7,458,959$3,855,325$29,892,204
86$51,714,073$7,707,575$3,867,605$32,626,011
87$56,868,354$7,964,692$3,876,616$35,629,215
88$62,544,574$8,230,611$3,882,131$38,929,007
89$68,795,852$8,505,642$3,883,913$42,555,344
90$75,680,720$8,790,109$3,881,715$46,541,229
91$83,263,676$9,084,347$3,875,276$50,923,023
92$91,615,795$9,388,704$3,864,321$55,740,785
93$100,815,396$9,703,540$3,848,566$61,038,649
94$110,948,782$10,029,229$3,827,708$66,865,242
95$122,111,055$10,366,159$3,801,433$73,274,140
96$134,407,013$10,714,731$3,769,412$80,324,371
97$147,952,138$11,075,363$3,731,297$88,080,976
98$162,873,688$11,448,487$3,686,728$96,615,614
99$179,311,895$11,834,554$3,635,324$106,007,243
100$197,421,289$12,234,028$3,576,688$116,342,864