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%16.8%
1 years$215,531$213,612$211,738$209,910$208,125$202,355
2 years$106,699$104,712$102,786$100,918$99,107$93,337
3 years$70,426$68,430$66,509$64,659$62,878$57,288
4 years$52,293$50,303$48,402$46,583$44,845$39,479
5 years$41,416$39,438$37,562$35,781$34,090$28,963
6 years$34,167$32,204$30,355$28,614$26,975$22,090
7 years$28,992$27,045$25,225$23,525$21,938$17,296
8 years$25,112$23,183$21,393$19,735$18,199$13,799
9 years$22,095$20,185$18,426$16,810$15,326$11,162
10 years$19,684$17,792$16,064$14,490$13,059$9,126
11 years$17,712$15,839$14,143$12,611$11,231$7,523
12 years$16,070$14,216$12,551$11,061$9,733$6,242
13 years$14,682$12,847$11,214$9,765$8,487$5,207
14 years$13,493$11,678$10,076$8,669$7,440$4,362
15 years$12,463$10,668$9,097$7,731$6,550$3,667
16 years$11,563$9,788$8,248$6,922$5,789$3,091
17 years$10,770$9,014$7,505$6,220$5,133$2,612
18 years$10,066$8,329$6,851$5,605$4,564$2,212
19 years$9,436$7,720$6,272$5,065$4,068$1,876
20 years$8,871$7,173$5,756$4,587$3,634$1,594
21 years$8,359$6,682$5,294$4,163$3,252$1,356
22 years$7,895$6,237$4,880$3,785$2,915$1,154
23 years$7,472$5,834$4,505$3,447$2,617$983
24 years$7,085$5,466$4,167$3,144$2,352$838
25 years$6,729$5,129$3,859$2,871$2,116$715
26 years$6,401$4,821$3,579$2,625$1,906$610
27 years$6,098$4,537$3,324$2,403$1,719$521
28 years$5,817$4,275$3,090$2,202$1,551$445
29 years$5,556$4,033$2,875$2,019$1,400$381
30 years$5,313$3,809$2,678$1,853$1,265$325
31 years$5,086$3,600$2,497$1,702$1,144$278
32 years$4,873$3,407$2,330$1,564$1,035$238
33 years$4,674$3,226$2,175$1,438$936$203
34 years$4,487$3,058$2,032$1,323$848$174
35 years$4,311$2,900$1,900$1,218$768$149
36 years$4,145$2,753$1,778$1,122$696$127
37 years$3,989$2,615$1,664$1,034$631$109
38 years$3,841$2,485$1,558$953$572$93
39 years$3,701$2,363$1,460$879$518$80
40 years$3,568$2,248$1,368$810$470$68
41 years$3,442$2,140$1,283$748$427$58
42 years$3,323$2,038$1,203$690$387$50
43 years$3,209$1,942$1,129$637$351$43
44 years$3,101$1,851$1,060$588$319$37
45 years$2,998$1,765$995$543$290$31
46 years$2,900$1,684$935$502$263$27
47 years$2,806$1,607$878$463$239$23
48 years$2,716$1,534$825$428$217$20
49 years$2,630$1,465$776$396$197$17
50 years$2,548$1,399$729$366$179$14

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 $4,479 every year, while hoping to spend $34,603 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: 46/40/14 Blend
53$2,610,000$2,610,000$2,610,000$2,610,000
54$2,880,840$2,742,510$2,702,055$3,001,744
55$3,137,868$2,840,076$2,755,757$3,183,696
56$3,419,954$2,941,262$2,810,097$3,377,094
57$3,729,616$3,046,211$2,865,062$3,586,142
58$4,069,629$3,155,068$2,920,635$3,812,307
59$4,443,052$3,267,986$2,976,796$4,057,199
60$4,853,250$3,385,124$3,033,525$4,322,590
61$5,303,934$3,506,648$3,090,801$4,610,426
62$5,799,191$3,632,730$3,148,599$4,922,847
63$6,343,523$3,763,548$3,206,891$5,262,209
64$6,941,891$3,899,290$3,265,651$5,631,098
65$7,599,759$4,040,151$3,324,845$6,032,364
66$8,323,148$4,186,332$3,384,441$6,469,138
67$9,118,692$4,338,045$3,444,403$6,944,865
68$9,993,698$4,495,509$3,504,690$7,463,339
69$10,956,220$4,658,953$3,565,262$8,028,729
70$12,015,128$4,828,616$3,626,072$8,645,627
71$13,180,199$5,004,745$3,687,072$9,319,086
72$14,462,201$5,187,600$3,748,212$10,054,667
73$15,873,003$5,377,450$3,809,434$10,858,490
74$17,425,680$5,574,576$3,870,681$11,737,293
75$19,134,639$5,779,270$3,931,889$12,698,493
76$21,015,756$5,991,838$3,992,991$13,750,257
77$23,086,522$6,212,597$4,053,915$14,901,573
78$25,366,212$6,441,879$4,114,586$16,162,342
79$27,876,064$6,680,029$4,174,922$17,543,463
80$30,639,479$6,927,407$4,234,838$19,056,936
81$33,682,244$7,184,388$4,294,244$20,715,978
82$37,032,773$7,451,364$4,353,042$22,535,144
83$40,722,378$7,728,742$4,411,130$24,530,462
84$44,785,558$8,016,948$4,468,401$26,719,584
85$49,260,332$8,316,425$4,524,739$29,121,951
86$54,188,592$8,627,636$4,580,024$31,758,978
87$59,616,501$8,951,063$4,634,127$34,654,248
88$65,594,928$9,287,209$4,686,915$37,833,740
89$72,179,928$9,636,599$4,738,243$41,326,068
90$79,433,268$9,999,780$4,787,962$45,162,753
91$87,423,015$10,377,324$4,835,913$49,378,515
92$96,224,174$10,769,824$4,881,927$54,011,602
93$105,919,398$11,177,904$4,925,830$59,104,148
94$116,599,766$11,602,211$4,967,435$64,702,567
95$128,365,645$12,043,421$5,006,546$70,857,994
96$141,327,633$12,502,241$5,042,958$77,626,760
97$155,607,607$12,979,406$5,076,453$85,070,924
98$171,339,872$13,475,687$5,106,803$93,258,858
99$188,672,428$13,991,884$5,133,770$102,265,889
100$207,768,365$14,528,835$5,157,100$112,175,005