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

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$216,357$214,430$212,550$210,714$208,922$201,510
2 years$107,108$105,113$103,179$101,305$99,487$92,098
3 years$70,696$68,692$66,764$64,907$63,119$55,985
4 years$52,493$50,496$48,587$46,762$45,017$38,194
5 years$41,575$39,590$37,706$35,918$34,221$27,726
6 years$34,298$32,328$30,472$28,724$27,078$20,916
7 years$29,103$27,149$25,322$23,615$22,022$16,191
8 years$25,208$23,272$21,475$19,810$18,269$12,766
9 years$22,180$20,262$18,497$16,874$15,385$10,202
10 years$19,759$17,860$16,126$14,546$13,109$8,236
11 years$17,780$15,900$14,197$12,659$11,274$6,702
12 years$16,132$14,271$12,599$11,104$9,770$5,488
13 years$14,738$12,897$11,257$9,803$8,520$4,516
14 years$13,544$11,723$10,114$8,702$7,468$3,731
15 years$12,511$10,709$9,132$7,761$6,576$3,092
16 years$11,608$9,825$8,279$6,949$5,812$2,570
17 years$10,811$9,049$7,534$6,243$5,153$2,140
18 years$10,104$8,361$6,877$5,627$4,582$1,785
19 years$9,472$7,749$6,296$5,084$4,084$1,492
20 years$8,905$7,201$5,778$4,605$3,648$1,248
21 years$8,391$6,707$5,315$4,179$3,264$1,045
22 years$7,925$6,261$4,898$3,800$2,926$876
23 years$7,501$5,856$4,523$3,460$2,627$735
24 years$7,112$5,487$4,183$3,156$2,361$616
25 years$6,755$5,149$3,874$2,882$2,124$518
26 years$6,426$4,839$3,593$2,635$1,914$435
27 years$6,121$4,554$3,336$2,412$1,725$365
28 years$5,839$4,291$3,102$2,210$1,557$307
29 years$5,577$4,048$2,886$2,027$1,406$258
30 years$5,333$3,823$2,689$1,860$1,270$217
31 years$5,105$3,614$2,506$1,708$1,148$182
32 years$4,892$3,420$2,339$1,570$1,039$153
33 years$4,692$3,239$2,184$1,444$940$129
34 years$4,504$3,070$2,040$1,328$851$109
35 years$4,328$2,911$1,907$1,223$771$91
36 years$4,161$2,763$1,784$1,126$698$77
37 years$4,004$2,625$1,670$1,038$633$65
38 years$3,856$2,494$1,564$956$574$54
39 years$3,715$2,372$1,465$882$520$46
40 years$3,582$2,257$1,373$813$472$39
41 years$3,456$2,148$1,288$750$428$32
42 years$3,336$2,046$1,208$693$389$27
43 years$3,222$1,949$1,134$639$353$23
44 years$3,113$1,858$1,064$590$320$19
45 years$3,009$1,772$999$545$291$16
46 years$2,911$1,690$938$504$264$14
47 years$2,817$1,613$882$465$240$12
48 years$2,726$1,540$828$430$218$10
49 years$2,640$1,470$779$397$198$8
50 years$2,558$1,405$732$367$180$7

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 $2,099 every year, while hoping to spend $26,796 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: 64/24/12 Blend
53$2,620,000$2,620,000$2,620,000$2,620,000
54$2,889,405$2,750,545$2,709,935$3,066,228
55$3,155,614$2,856,811$2,772,207$3,290,942
56$3,448,077$2,967,386$2,835,667$3,532,993
57$3,769,446$3,082,453$2,900,327$3,796,711
58$4,122,639$3,202,202$2,966,197$4,084,205
59$4,510,872$3,326,834$3,033,288$4,397,796
60$4,937,687$3,456,555$3,101,610$4,740,035
61$5,406,990$3,591,585$3,171,172$5,113,732
62$5,923,079$3,732,149$3,241,983$5,521,977
63$6,490,694$3,878,485$3,314,050$5,968,174
64$7,115,054$4,030,840$3,387,380$6,456,068
65$7,801,912$4,189,473$3,461,980$6,989,780
66$8,557,604$4,354,655$3,537,854$7,573,850
67$9,389,114$4,526,668$3,615,006$8,213,275
68$10,304,135$4,705,806$3,693,440$8,913,553
69$11,311,145$4,892,377$3,773,158$9,680,744
70$12,419,482$5,086,705$3,854,160$10,521,514
71$13,639,440$5,289,124$3,936,445$11,443,208
72$14,982,359$5,499,987$4,020,012$12,453,912
73$16,460,734$5,719,661$4,104,856$13,562,531
74$18,088,333$5,948,529$4,190,973$14,778,872
75$19,880,329$6,186,992$4,278,357$16,113,735
76$21,853,438$6,435,471$4,366,997$17,579,015
77$24,026,082$6,694,402$4,456,885$19,187,813
78$26,418,559$6,964,244$4,548,007$20,954,559
79$29,053,235$7,245,476$4,640,349$22,895,148
80$31,954,759$7,538,597$4,733,894$25,027,085
81$35,150,287$7,844,131$4,828,622$27,369,655
82$38,669,748$8,162,625$4,924,512$29,944,099
83$42,546,119$8,494,650$5,021,540$32,773,819
84$46,815,739$8,840,805$5,119,678$35,884,589
85$51,518,653$9,201,713$5,218,896$39,304,807
86$56,698,988$9,578,029$5,319,161$43,065,753
87$62,405,367$9,970,435$5,420,436$47,201,891
88$68,691,374$10,379,646$5,522,680$51,751,186
89$75,616,055$10,806,409$5,625,850$56,755,465
90$83,244,475$11,251,506$5,729,899$62,260,808
91$91,648,335$11,715,753$5,834,774$68,317,983
92$100,906,646$12,200,006$5,940,420$74,982,925
93$111,106,476$12,705,157$6,046,775$82,317,257
94$122,343,769$13,232,143$6,153,775$90,388,876
95$134,724,256$13,781,940$6,261,349$99,272,588
96$148,364,447$14,355,573$6,369,422$109,050,814
97$163,392,735$14,954,110$6,477,912$119,814,368
98$179,950,605$15,578,672$6,586,732$131,663,305
99$198,193,969$16,230,429$6,695,790$144,707,873
100$218,294,641$16,910,607$6,804,986$159,069,544