Can I retire at age 54 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$216,357$214,430$212,550$210,714$208,922$204,121
2 years$107,108$105,113$103,179$101,305$99,487$94,676
3 years$70,696$68,692$66,764$64,907$63,119$58,448
4 years$52,493$50,496$48,587$46,762$45,017$40,523
5 years$41,575$39,590$37,706$35,918$34,221$29,917
6 years$34,298$32,328$30,472$28,724$27,078$22,968
7 years$29,103$27,149$25,322$23,615$22,022$18,106
8 years$25,208$23,272$21,475$19,810$18,269$14,546
9 years$22,180$20,262$18,497$16,874$15,385$11,853
10 years$19,759$17,860$16,126$14,546$13,109$9,763
11 years$17,780$15,900$14,197$12,659$11,274$8,110
12 years$16,132$14,271$12,599$11,104$9,770$6,782
13 years$14,738$12,897$11,257$9,803$8,520$5,703
14 years$13,544$11,723$10,114$8,702$7,468$4,817
15 years$12,511$10,709$9,132$7,761$6,576$4,084
16 years$11,608$9,825$8,279$6,949$5,812$3,472
17 years$10,811$9,049$7,534$6,243$5,153$2,960
18 years$10,104$8,361$6,877$5,627$4,582$2,529
19 years$9,472$7,749$6,296$5,084$4,084$2,165
20 years$8,905$7,201$5,778$4,605$3,648$1,855
21 years$8,391$6,707$5,315$4,179$3,264$1,593
22 years$7,925$6,261$4,898$3,800$2,926$1,368
23 years$7,501$5,856$4,523$3,460$2,627$1,177
24 years$7,112$5,487$4,183$3,156$2,361$1,013
25 years$6,755$5,149$3,874$2,882$2,124$873
26 years$6,426$4,839$3,593$2,635$1,914$752
27 years$6,121$4,554$3,336$2,412$1,725$648
28 years$5,839$4,291$3,102$2,210$1,557$559
29 years$5,577$4,048$2,886$2,027$1,406$483
30 years$5,333$3,823$2,689$1,860$1,270$417
31 years$5,105$3,614$2,506$1,708$1,148$360
32 years$4,892$3,420$2,339$1,570$1,039$311
33 years$4,692$3,239$2,184$1,444$940$269
34 years$4,504$3,070$2,040$1,328$851$232
35 years$4,328$2,911$1,907$1,223$771$201
36 years$4,161$2,763$1,784$1,126$698$173
37 years$4,004$2,625$1,670$1,038$633$150
38 years$3,856$2,494$1,564$956$574$130
39 years$3,715$2,372$1,465$882$520$112
40 years$3,582$2,257$1,373$813$472$97
41 years$3,456$2,148$1,288$750$428$84
42 years$3,336$2,046$1,208$693$389$72
43 years$3,222$1,949$1,134$639$353$63
44 years$3,113$1,858$1,064$590$320$54
45 years$3,009$1,772$999$545$291$47
46 years$2,911$1,690$938$504$264$41
47 years$2,817$1,613$882$465$240$35
48 years$2,726$1,540$828$430$218$30
49 years$2,640$1,470$779$397$198$26
50 years$2,558$1,405$732$367$180$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,620,000, adding $2,098 every year, while hoping to spend $36,893 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: 50/34/16 Blend
53$2,620,000$2,620,000$2,620,000$2,620,000
54$2,889,404$2,750,544$2,709,934$3,021,027
55$3,144,869$2,846,067$2,761,463$3,207,403
56$3,425,156$2,945,034$2,813,482$3,405,831
57$3,732,756$3,047,575$2,865,967$3,620,663
58$4,070,415$3,153,824$2,918,896$3,853,456
59$4,441,159$3,263,923$2,972,240$4,105,924
60$4,848,319$3,378,017$3,025,972$4,379,949
61$5,295,566$3,496,258$3,080,060$4,677,603
62$5,786,942$3,618,803$3,134,470$5,001,164
63$6,326,902$3,745,816$3,189,167$5,353,140
64$6,920,353$3,877,469$3,244,112$5,736,288
65$7,572,702$4,013,937$3,299,262$6,153,644
66$8,289,904$4,155,407$3,354,574$6,608,549
67$9,078,522$4,302,069$3,410,000$7,104,678
68$9,945,785$4,454,124$3,465,488$7,646,078
69$10,899,658$4,611,779$3,520,985$8,237,204
70$11,948,917$4,775,251$3,576,432$8,882,957
71$13,103,232$4,944,763$3,631,768$9,588,737
72$14,373,256$5,120,551$3,686,926$10,360,486
73$15,770,727$5,302,857$3,741,838$11,204,747
74$17,308,579$5,491,935$3,796,428$12,128,725
75$19,001,064$5,688,049$3,850,617$13,140,354
76$20,863,883$5,891,474$3,904,323$14,248,369
77$22,914,337$6,102,495$3,957,457$15,462,391
78$25,171,492$6,321,409$4,009,924$16,793,016
79$27,656,353$6,548,527$4,061,625$18,251,912
80$30,392,067$6,784,171$4,112,455$19,851,930
81$33,404,138$7,028,676$4,162,304$21,607,226
82$36,720,672$7,282,393$4,211,052$23,533,390
83$40,372,636$7,545,685$4,258,577$25,647,595
84$44,394,153$7,818,932$4,304,748$27,968,757
85$48,822,825$8,102,528$4,349,426$30,517,713
86$53,700,087$8,396,886$4,392,465$33,317,416
87$59,071,595$8,702,433$4,433,712$36,393,150
88$64,987,661$9,019,616$4,473,005$39,772,770
89$71,503,726$9,348,900$4,510,174$43,486,961
90$78,680,879$9,690,769$4,545,038$47,569,528
91$86,586,441$10,045,729$4,577,409$52,057,713
92$95,294,594$10,414,305$4,607,088$56,992,545
93$104,887,083$10,797,047$4,633,866$62,419,228
94$115,453,987$11,194,524$4,657,523$68,387,562
95$127,094,571$11,607,334$4,677,827$74,952,416
96$139,918,220$12,036,095$4,694,537$82,174,244
97$154,045,471$12,481,456$4,707,396$90,119,650
98$169,609,152$12,944,091$4,716,137$98,862,020
99$186,755,637$13,424,703$4,720,479$108,482,208
100$205,646,224$13,924,025$4,720,127$119,069,305