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%18.5%
1 years$215,531$213,612$211,738$209,910$208,125$200,981
2 years$106,699$104,712$102,786$100,918$99,107$91,982
3 years$70,426$68,430$66,509$64,659$62,878$55,996
4 years$52,293$50,303$48,402$46,583$44,845$38,258
5 years$41,416$39,438$37,562$35,781$34,090$27,817
6 years$34,167$32,204$30,355$28,614$26,975$21,019
7 years$28,992$27,045$25,225$23,525$21,938$16,299
8 years$25,112$23,183$21,393$19,735$18,199$12,874
9 years$22,095$20,185$18,426$16,810$15,326$10,307
10 years$19,684$17,792$16,064$14,490$13,059$8,337
11 years$17,712$15,839$14,143$12,611$11,231$6,797
12 years$16,070$14,216$12,551$11,061$9,733$5,577
13 years$14,682$12,847$11,214$9,765$8,487$4,599
14 years$13,493$11,678$10,076$8,669$7,440$3,807
15 years$12,463$10,668$9,097$7,731$6,550$3,162
16 years$11,563$9,788$8,248$6,922$5,789$2,634
17 years$10,770$9,014$7,505$6,220$5,133$2,198
18 years$10,066$8,329$6,851$5,605$4,564$1,838
19 years$9,436$7,720$6,272$5,065$4,068$1,539
20 years$8,871$7,173$5,756$4,587$3,634$1,291
21 years$8,359$6,682$5,294$4,163$3,252$1,083
22 years$7,895$6,237$4,880$3,785$2,915$910
23 years$7,472$5,834$4,505$3,447$2,617$765
24 years$7,085$5,466$4,167$3,144$2,352$643
25 years$6,729$5,129$3,859$2,871$2,116$542
26 years$6,401$4,821$3,579$2,625$1,906$456
27 years$6,098$4,537$3,324$2,403$1,719$384
28 years$5,817$4,275$3,090$2,202$1,551$324
29 years$5,556$4,033$2,875$2,019$1,400$273
30 years$5,313$3,809$2,678$1,853$1,265$230
31 years$5,086$3,600$2,497$1,702$1,144$194
32 years$4,873$3,407$2,330$1,564$1,035$163
33 years$4,674$3,226$2,175$1,438$936$138
34 years$4,487$3,058$2,032$1,323$848$116
35 years$4,311$2,900$1,900$1,218$768$98
36 years$4,145$2,753$1,778$1,122$696$83
37 years$3,989$2,615$1,664$1,034$631$70
38 years$3,841$2,485$1,558$953$572$59
39 years$3,701$2,363$1,460$879$518$50
40 years$3,568$2,248$1,368$810$470$42
41 years$3,442$2,140$1,283$748$427$35
42 years$3,323$2,038$1,203$690$387$30
43 years$3,209$1,942$1,129$637$351$25
44 years$3,101$1,851$1,060$588$319$21
45 years$2,998$1,765$995$543$290$18
46 years$2,900$1,684$935$502$263$15
47 years$2,806$1,607$878$463$239$13
48 years$2,716$1,534$825$428$217$11
49 years$2,630$1,465$776$396$197$9
50 years$2,548$1,399$729$366$179$8

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 $3,362 every year, while hoping to spend $22,166 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: 65/9/26 Blend
53$2,610,000$2,610,000$2,610,000$2,610,000
54$2,879,688$2,741,358$2,700,903$3,047,016
55$3,149,832$2,852,100$2,767,799$3,271,099
56$3,446,787$2,967,526$2,836,193$3,513,143
57$3,773,266$3,087,841$2,906,111$3,777,207
58$4,132,255$3,213,261$2,977,582$4,065,460
59$4,527,045$3,344,011$3,050,631$4,380,286
60$4,961,263$3,480,327$3,125,287$4,724,314
61$5,438,904$3,622,455$3,201,576$5,100,435
62$5,964,369$3,770,652$3,279,526$5,511,834
63$6,542,509$3,925,188$3,359,164$5,962,018
64$7,178,667$4,086,345$3,440,518$6,454,849
65$7,878,731$4,254,415$3,523,616$6,994,579
66$8,649,188$4,429,708$3,608,483$7,585,893
67$9,497,187$4,612,546$3,695,149$8,233,947
68$10,430,604$4,803,265$3,783,641$8,944,424
69$11,458,118$5,002,217$3,873,985$9,723,579
70$12,589,292$5,209,771$3,966,209$10,578,307
71$13,834,662$5,426,312$4,060,339$11,516,197
72$15,205,839$5,652,243$4,156,403$12,545,611
73$16,715,618$5,887,987$4,254,426$13,675,762
74$18,378,096$6,133,983$4,354,434$14,916,796
75$20,208,808$6,390,694$4,456,453$16,279,891
76$22,224,871$6,658,603$4,560,509$17,777,361
77$24,445,147$6,938,214$4,666,626$19,422,771
78$26,890,422$7,230,056$4,774,827$21,231,065
79$29,583,599$7,534,682$4,885,138$23,218,710
80$32,549,916$7,852,672$4,997,580$25,403,842
81$35,817,184$8,184,629$5,112,175$27,806,447
82$39,416,049$8,531,189$5,228,946$30,448,543
83$43,380,283$8,893,013$5,347,912$33,354,387
84$47,747,098$9,270,797$5,469,093$36,550,706
85$52,557,501$9,665,266$5,592,507$40,066,948
86$57,856,682$10,077,180$5,718,172$43,935,557
87$63,694,437$10,507,335$5,846,104$48,192,283
88$70,125,639$10,956,563$5,976,317$52,876,513
89$77,210,755$11,425,736$6,108,825$58,031,647
90$85,016,421$11,915,766$6,243,640$63,705,504
91$93,616,065$12,427,608$6,380,771$69,950,776
92$103,090,604$12,962,261$6,520,227$76,825,518
93$113,529,205$13,520,771$6,662,015$84,393,702
94$125,030,130$14,104,235$6,806,138$92,725,819
95$137,701,659$14,713,797$6,952,599$101,899,537
96$151,663,115$15,350,660$7,101,398$112,000,442
97$167,045,989$16,016,080$7,252,532$123,122,839
98$183,995,185$16,711,372$7,405,996$135,370,644
99$202,670,378$17,437,914$7,561,781$148,858,364
100$223,247,534$18,197,149$7,719,878$163,712,173