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

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$214,706$212,793$210,927$209,106$207,328$201,906
2 years$106,290$104,310$102,392$100,532$98,727$93,302
3 years$70,156$68,168$66,254$64,412$62,637$57,378
4 years$52,093$50,111$48,216$46,405$44,673$39,621
5 years$41,257$39,287$37,418$35,643$33,960$29,128
6 years$34,036$32,081$30,239$28,504$26,871$22,264
7 years$28,880$26,942$25,129$23,435$21,853$17,472
8 years$25,015$23,094$21,311$19,659$18,130$13,972
9 years$22,011$20,107$18,355$16,745$15,268$11,330
10 years$19,608$17,724$16,003$14,434$13,009$9,286
11 years$17,644$15,778$14,088$12,562$11,188$7,674
12 years$16,008$14,162$12,503$11,019$9,695$6,385
13 years$14,625$12,798$11,171$9,728$8,455$5,340
14 years$13,441$11,633$10,037$8,635$7,411$4,486
15 years$12,415$10,627$9,062$7,701$6,525$3,781
16 years$11,519$9,750$8,216$6,896$5,767$3,197
17 years$10,729$8,980$7,476$6,196$5,114$2,710
18 years$10,027$8,298$6,825$5,584$4,547$2,302
19 years$9,400$7,690$6,248$5,045$4,053$1,958
20 years$8,837$7,146$5,734$4,569$3,620$1,668
21 years$8,327$6,656$5,274$4,147$3,239$1,423
22 years$7,865$6,213$4,861$3,771$2,904$1,215
23 years$7,443$5,811$4,488$3,434$2,606$1,039
24 years$7,058$5,445$4,151$3,132$2,343$888
25 years$6,703$5,110$3,845$2,860$2,108$760
26 years$6,377$4,802$3,566$2,615$1,899$651
27 years$6,075$4,519$3,311$2,394$1,712$558
28 years$5,795$4,259$3,078$2,193$1,545$478
29 years$5,535$4,018$2,864$2,011$1,395$410
30 years$5,292$3,794$2,668$1,846$1,260$352
31 years$5,066$3,587$2,487$1,695$1,140$302
32 years$4,855$3,394$2,321$1,558$1,031$259
33 years$4,656$3,214$2,167$1,433$933$222
34 years$4,470$3,046$2,025$1,318$845$191
35 years$4,295$2,889$1,893$1,213$765$164
36 years$4,129$2,742$1,771$1,118$693$140
37 years$3,974$2,604$1,657$1,030$628$121
38 years$3,826$2,475$1,552$949$570$104
39 years$3,687$2,354$1,454$875$516$89
40 years$3,555$2,239$1,363$807$468$76
41 years$3,429$2,132$1,278$745$425$66
42 years$3,310$2,030$1,199$687$386$56
43 years$3,197$1,934$1,125$634$350$48
44 years$3,089$1,844$1,056$586$318$42
45 years$2,986$1,758$991$541$288$36
46 years$2,889$1,677$931$500$262$31
47 years$2,795$1,601$875$462$238$26
48 years$2,706$1,528$822$427$216$23
49 years$2,620$1,459$773$394$196$19
50 years$2,539$1,394$726$364$178$17

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 $4,929 every year, while hoping to spend $36,961 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: 68/22/10 Blend
53$2,600,000$2,600,000$2,600,000$2,600,000
54$2,870,284$2,732,484$2,692,184$3,059,292
55$3,123,727$2,827,050$2,743,046$3,280,000
56$3,401,782$2,925,010$2,794,373$3,516,379
57$3,706,921$3,026,493$2,846,142$3,773,915
58$4,041,866$3,131,630$2,898,327$4,054,676
59$4,409,616$3,240,560$2,950,900$4,360,939
60$4,813,474$3,353,424$3,003,833$4,695,209
61$5,257,079$3,470,373$3,057,092$5,060,243
62$5,744,440$3,591,560$3,110,643$5,459,078
63$6,279,972$3,717,145$3,164,449$5,895,056
64$6,868,541$3,847,297$3,218,470$6,371,859
65$7,515,506$3,982,189$3,272,662$6,893,536
66$8,226,773$4,122,001$3,326,982$7,464,552
67$9,008,846$4,266,922$3,381,378$8,089,818
68$9,868,894$4,417,146$3,435,799$8,774,747
69$10,814,812$4,572,877$3,490,190$9,525,296
70$11,855,302$4,734,327$3,544,490$10,348,028
71$12,999,949$4,901,715$3,598,637$11,250,172
72$14,259,315$5,075,271$3,652,563$12,239,687
73$15,645,038$5,255,232$3,706,196$13,325,342
74$17,169,940$5,441,847$3,759,462$14,516,795
75$18,848,149$5,635,372$3,812,279$15,824,684
76$20,695,232$5,836,077$3,864,561$17,260,729
77$22,728,341$6,044,240$3,916,220$18,837,836
78$24,966,376$6,260,152$3,967,158$20,570,228
79$27,430,163$6,484,116$4,017,274$22,473,568
80$30,142,648$6,716,446$4,066,461$24,565,115
81$33,129,117$6,957,471$4,114,607$26,863,879
82$36,417,432$7,207,532$4,161,591$29,390,807
83$40,038,292$7,466,983$4,207,286$32,168,973
84$44,025,529$7,736,196$4,251,561$35,223,799
85$48,416,418$8,015,555$4,294,273$38,583,295
86$53,252,037$8,305,461$4,335,276$42,278,319
87$58,577,649$8,606,333$4,374,412$46,342,870
88$64,443,131$8,918,606$4,411,517$50,814,408
89$70,903,446$9,242,733$4,446,418$55,734,206
90$78,019,157$9,579,186$4,478,932$61,147,739
91$85,857,002$9,928,457$4,508,868$67,105,112
92$94,490,524$10,291,060$4,536,023$73,661,531
93$104,000,763$10,667,527$4,560,185$80,877,828
94$114,477,020$11,058,415$4,581,131$88,821,026
95$126,017,703$11,464,305$4,598,626$97,564,979
96$138,731,253$11,885,800$4,612,424$107,191,061
97$152,737,168$12,323,531$4,622,266$117,788,938
98$168,167,128$12,778,153$4,627,881$129,457,412
99$185,166,243$13,250,350$4,628,983$142,305,349
100$203,894,419$13,740,837$4,625,274$156,452,711