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

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$215,531$213,612$211,738$209,910$208,125$204,006
2 years$106,699$104,712$102,786$100,918$99,107$94,975
3 years$70,426$68,430$66,509$64,659$62,878$58,861
4 years$52,293$50,303$48,402$46,583$44,845$40,975
5 years$41,416$39,438$37,562$35,781$34,090$30,377
6 years$34,167$32,204$30,355$28,614$26,975$23,423
7 years$28,992$27,045$25,225$23,525$21,938$18,548
8 years$25,112$23,183$21,393$19,735$18,199$14,971
9 years$22,095$20,185$18,426$16,810$15,326$12,258
10 years$19,684$17,792$16,064$14,490$13,059$10,146
11 years$17,712$15,839$14,143$12,611$11,231$8,471
12 years$16,070$14,216$12,551$11,061$9,733$7,122
13 years$14,682$12,847$11,214$9,765$8,487$6,020
14 years$13,493$11,678$10,076$8,669$7,440$5,113
15 years$12,463$10,668$9,097$7,731$6,550$4,359
16 years$11,563$9,788$8,248$6,922$5,789$3,727
17 years$10,770$9,014$7,505$6,220$5,133$3,196
18 years$10,066$8,329$6,851$5,605$4,564$2,746
19 years$9,436$7,720$6,272$5,065$4,068$2,365
20 years$8,871$7,173$5,756$4,587$3,634$2,039
21 years$8,359$6,682$5,294$4,163$3,252$1,761
22 years$7,895$6,237$4,880$3,785$2,915$1,522
23 years$7,472$5,834$4,505$3,447$2,617$1,318
24 years$7,085$5,466$4,167$3,144$2,352$1,141
25 years$6,729$5,129$3,859$2,871$2,116$989
26 years$6,401$4,821$3,579$2,625$1,906$858
27 years$6,098$4,537$3,324$2,403$1,719$745
28 years$5,817$4,275$3,090$2,202$1,551$647
29 years$5,556$4,033$2,875$2,019$1,400$562
30 years$5,313$3,809$2,678$1,853$1,265$488
31 years$5,086$3,600$2,497$1,702$1,144$424
32 years$4,873$3,407$2,330$1,564$1,035$369
33 years$4,674$3,226$2,175$1,438$936$321
34 years$4,487$3,058$2,032$1,323$848$279
35 years$4,311$2,900$1,900$1,218$768$243
36 years$4,145$2,753$1,778$1,122$696$211
37 years$3,989$2,615$1,664$1,034$631$184
38 years$3,841$2,485$1,558$953$572$160
39 years$3,701$2,363$1,460$879$518$139
40 years$3,568$2,248$1,368$810$470$121
41 years$3,442$2,140$1,283$748$427$106
42 years$3,323$2,038$1,203$690$387$92
43 years$3,209$1,942$1,129$637$351$80
44 years$3,101$1,851$1,060$588$319$70
45 years$2,998$1,765$995$543$290$61
46 years$2,900$1,684$935$502$263$53
47 years$2,806$1,607$878$463$239$46
48 years$2,716$1,534$825$428$217$40
49 years$2,630$1,465$776$396$197$35
50 years$2,548$1,399$729$366$179$30

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 $6,045 every year, while hoping to spend $52,131 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: 56/37/7 Blend
53$2,610,000$2,610,000$2,610,000$2,610,000
54$2,882,455$2,744,125$2,703,670$3,039,011
55$3,120,999$2,823,121$2,738,776$3,224,209
56$3,382,127$2,904,239$2,773,311$3,419,475
57$3,668,087$2,987,531$2,807,201$3,630,866
58$3,981,356$3,073,044$2,840,366$3,859,925
59$4,324,662$3,160,830$2,872,726$4,108,348
60$4,701,006$3,250,940$2,904,191$4,378,002
61$5,113,698$3,343,425$2,934,670$4,670,941
62$5,566,379$3,438,337$2,964,066$4,989,428
63$6,063,063$3,535,728$2,992,275$5,335,952
64$6,608,169$3,635,653$3,019,190$5,713,253
65$7,206,567$3,738,165$3,044,698$6,124,348
66$7,863,619$3,843,316$3,068,677$6,572,560
67$8,585,232$3,951,163$3,091,002$7,061,546
68$9,377,915$4,061,759$3,111,539$7,595,335
69$10,248,836$4,175,160$3,130,150$8,178,362
70$11,205,895$4,291,420$3,146,688$8,815,511
71$12,257,791$4,410,594$3,160,997$9,512,164
72$13,414,111$4,532,739$3,172,915$10,274,245
73$14,685,415$4,657,908$3,182,273$11,108,280
74$16,083,339$4,786,157$3,188,891$12,021,460
75$17,620,702$4,917,540$3,192,580$13,021,703
76$19,311,626$5,052,113$3,193,145$14,117,731
77$21,171,674$5,189,928$3,190,377$15,319,153
78$23,217,990$5,331,040$3,184,060$16,636,557
79$25,469,464$5,475,500$3,173,965$18,081,602
80$27,946,911$5,623,361$3,159,854$19,667,138
81$30,673,264$5,774,674$3,141,477$21,407,319
82$33,673,791$5,929,487$3,118,571$23,317,738
83$36,976,336$6,087,850$3,090,861$25,415,578
84$40,611,576$6,249,809$3,058,059$27,719,769
85$44,613,316$6,415,408$3,019,863$30,251,167
86$49,018,803$6,584,692$2,975,957$33,032,753
87$53,869,080$6,757,701$2,926,011$36,089,847
88$59,209,372$6,934,474$2,869,678$39,450,349
89$65,089,511$7,115,047$2,806,596$43,145,000
90$71,564,409$7,299,452$2,736,385$47,207,672
91$78,694,574$7,487,720$2,658,648$51,675,689
92$86,546,679$7,679,877$2,572,972$56,590,178
93$95,194,194$7,875,945$2,478,920$61,996,455
94$104,718,078$8,075,943$2,376,040$67,944,458
95$115,207,542$8,279,884$2,263,858$74,489,210
96$126,760,890$8,487,777$2,141,875$81,691,345
97$139,486,448$8,699,625$2,009,576$89,617,679
98$153,503,586$8,915,426$1,866,416$98,341,835
99$168,943,841$9,135,172$1,711,831$107,944,946
100$185,952,163$9,358,846$1,545,227$118,516,415