Can I retire at age 54 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$215,531$213,612$211,738$209,910$208,125$206,123
2 years$106,699$104,712$102,786$100,918$99,107$97,091
3 years$70,426$68,430$66,509$64,659$62,878$60,909
4 years$52,293$50,303$48,402$46,583$44,845$42,939
5 years$41,416$39,438$37,562$35,781$34,090$32,253
6 years$34,167$32,204$30,355$28,614$26,975$25,208
7 years$28,992$27,045$25,225$23,525$21,938$20,243
8 years$25,112$23,183$21,393$19,735$18,199$16,576
9 years$22,095$20,185$18,426$16,810$15,326$13,774
10 years$19,684$17,792$16,064$14,490$13,059$11,577
11 years$17,712$15,839$14,143$12,611$11,231$9,818
12 years$16,070$14,216$12,551$11,061$9,733$8,387
13 years$14,682$12,847$11,214$9,765$8,487$7,207
14 years$13,493$11,678$10,076$8,669$7,440$6,224
15 years$12,463$10,668$9,097$7,731$6,550$5,397
16 years$11,563$9,788$8,248$6,922$5,789$4,696
17 years$10,770$9,014$7,505$6,220$5,133$4,099
18 years$10,066$8,329$6,851$5,605$4,564$3,586
19 years$9,436$7,720$6,272$5,065$4,068$3,145
20 years$8,871$7,173$5,756$4,587$3,634$2,763
21 years$8,359$6,682$5,294$4,163$3,252$2,431
22 years$7,895$6,237$4,880$3,785$2,915$2,142
23 years$7,472$5,834$4,505$3,447$2,617$1,890
24 years$7,085$5,466$4,167$3,144$2,352$1,670
25 years$6,729$5,129$3,859$2,871$2,116$1,476
26 years$6,401$4,821$3,579$2,625$1,906$1,306
27 years$6,098$4,537$3,324$2,403$1,719$1,157
28 years$5,817$4,275$3,090$2,202$1,551$1,025
29 years$5,556$4,033$2,875$2,019$1,400$908
30 years$5,313$3,809$2,678$1,853$1,265$806
31 years$5,086$3,600$2,497$1,702$1,144$715
32 years$4,873$3,407$2,330$1,564$1,035$635
33 years$4,674$3,226$2,175$1,438$936$564
34 years$4,487$3,058$2,032$1,323$848$501
35 years$4,311$2,900$1,900$1,218$768$445
36 years$4,145$2,753$1,778$1,122$696$395
37 years$3,989$2,615$1,664$1,034$631$352
38 years$3,841$2,485$1,558$953$572$313
39 years$3,701$2,363$1,460$879$518$278
40 years$3,568$2,248$1,368$810$470$247
41 years$3,442$2,140$1,283$748$427$220
42 years$3,323$2,038$1,203$690$387$196
43 years$3,209$1,942$1,129$637$351$174
44 years$3,101$1,851$1,060$588$319$155
45 years$2,998$1,765$995$543$290$138
46 years$2,900$1,684$935$502$263$123
47 years$2,806$1,607$878$463$239$109
48 years$2,716$1,534$825$428$217$97
49 years$2,630$1,465$776$396$197$86
50 years$2,548$1,399$729$366$179$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,610,000, adding $4,474 every year, while hoping to spend $31,785 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: 31/42/27 Blend
53$2,610,000$2,610,000$2,610,000$2,610,000
54$2,880,835$2,742,505$2,702,050$2,946,155
55$3,140,861$2,843,069$2,758,750$3,097,467
56$3,426,345$2,947,495$2,816,283$3,257,121
57$3,739,849$3,055,939$2,874,646$3,428,352
58$4,084,197$3,168,563$2,933,830$3,612,193
59$4,462,499$3,285,537$2,993,827$3,809,778
60$4,878,182$3,407,037$3,054,629$4,022,354
61$5,335,021$3,533,246$3,116,223$4,251,288
62$5,837,174$3,664,356$3,178,598$4,498,082
63$6,389,223$3,800,567$3,241,738$4,764,385
64$6,996,216$3,942,086$3,305,628$5,052,009
65$7,663,714$4,089,133$3,370,251$5,362,944
66$8,397,844$4,241,931$3,435,585$5,699,378
67$9,205,357$4,400,719$3,501,610$6,063,715
68$10,093,690$4,565,741$3,568,301$6,458,597
69$11,071,039$4,737,255$3,635,632$6,886,931
70$12,146,434$4,915,529$3,703,574$7,351,911
71$13,329,822$5,100,842$3,772,096$7,857,049
72$14,632,166$5,293,485$3,841,164$8,406,211
73$16,065,545$5,493,764$3,910,740$9,003,646
74$17,643,266$5,701,994$3,980,785$9,654,029
75$19,379,994$5,918,507$4,051,257$10,362,504
76$21,291,888$6,143,648$4,122,108$11,134,729
77$23,396,751$6,377,778$4,193,290$11,976,934
78$25,714,204$6,621,272$4,264,749$12,895,970
79$28,265,862$6,874,524$4,336,427$13,899,380
80$31,075,547$7,137,943$4,408,265$14,995,465
81$34,169,506$7,411,956$4,480,195$16,193,361
82$37,576,664$7,697,009$4,552,150$17,503,128
83$41,328,890$7,993,569$4,624,053$18,935,837
84$45,461,305$8,302,122$4,695,827$20,503,678
85$50,012,607$8,623,176$4,767,387$22,220,073
86$55,025,441$8,957,259$4,838,642$24,099,797
87$60,546,798$9,304,927$4,909,499$26,159,121
88$66,628,460$9,666,756$4,979,855$28,415,961
89$73,327,486$10,043,351$5,049,603$30,890,047
90$80,706,755$10,435,340$5,118,630$33,603,105
91$88,835,555$10,843,383$5,186,816$36,579,061
92$97,790,240$11,268,167$5,254,032$39,844,267
93$107,654,946$11,710,408$5,320,143$43,427,744
94$118,522,390$12,170,858$5,385,008$47,361,458
95$130,494,743$12,650,299$5,448,475$51,680,614
96$143,684,592$13,149,549$5,510,384$56,423,991
97$158,216,007$13,669,464$5,570,568$61,634,303
98$174,225,706$14,210,935$5,628,849$67,358,601
99$191,864,353$14,774,895$5,685,041$73,648,713
100$211,297,972$15,362,320$5,738,944$80,561,731