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%12.2%
1 years$216,357$214,430$212,550$210,714$208,922$206,999
2 years$107,108$105,113$103,179$101,305$99,487$97,549
3 years$70,696$68,692$66,764$64,907$63,119$61,226
4 years$52,493$50,496$48,587$46,762$45,017$43,185
5 years$41,575$39,590$37,706$35,918$34,221$32,454
6 years$34,298$32,328$30,472$28,724$27,078$25,379
7 years$29,103$27,149$25,322$23,615$22,022$20,391
8 years$25,208$23,272$21,475$19,810$18,269$16,707
9 years$22,180$20,262$18,497$16,874$15,385$13,891
10 years$19,759$17,860$16,126$14,546$13,109$11,682
11 years$17,780$15,900$14,197$12,659$11,274$9,913
12 years$16,132$14,271$12,599$11,104$9,770$8,474
13 years$14,738$12,897$11,257$9,803$8,520$7,286
14 years$13,544$11,723$10,114$8,702$7,468$6,297
15 years$12,511$10,709$9,132$7,761$6,576$5,464
16 years$11,608$9,825$8,279$6,949$5,812$4,758
17 years$10,811$9,049$7,534$6,243$5,153$4,155
18 years$10,104$8,361$6,877$5,627$4,582$3,638
19 years$9,472$7,749$6,296$5,084$4,084$3,193
20 years$8,905$7,201$5,778$4,605$3,648$2,807
21 years$8,391$6,707$5,315$4,179$3,264$2,472
22 years$7,925$6,261$4,898$3,800$2,926$2,180
23 years$7,501$5,856$4,523$3,460$2,627$1,925
24 years$7,112$5,487$4,183$3,156$2,361$1,701
25 years$6,755$5,149$3,874$2,882$2,124$1,505
26 years$6,426$4,839$3,593$2,635$1,914$1,333
27 years$6,121$4,554$3,336$2,412$1,725$1,181
28 years$5,839$4,291$3,102$2,210$1,557$1,048
29 years$5,577$4,048$2,886$2,027$1,406$929
30 years$5,333$3,823$2,689$1,860$1,270$825
31 years$5,105$3,614$2,506$1,708$1,148$733
32 years$4,892$3,420$2,339$1,570$1,039$651
33 years$4,692$3,239$2,184$1,444$940$579
34 years$4,504$3,070$2,040$1,328$851$514
35 years$4,328$2,911$1,907$1,223$771$457
36 years$4,161$2,763$1,784$1,126$698$407
37 years$4,004$2,625$1,670$1,038$633$362
38 years$3,856$2,494$1,564$956$574$322
39 years$3,715$2,372$1,465$882$520$287
40 years$3,582$2,257$1,373$813$472$255
41 years$3,456$2,148$1,288$750$428$227
42 years$3,336$2,046$1,208$693$389$202
43 years$3,222$1,949$1,134$639$353$180
44 years$3,113$1,858$1,064$590$320$160
45 years$3,009$1,772$999$545$291$143
46 years$2,911$1,690$938$504$264$127
47 years$2,817$1,613$882$465$240$113
48 years$2,726$1,540$828$430$218$101
49 years$2,640$1,470$779$397$198$90
50 years$2,558$1,405$732$367$180$80

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 $4,979 every year, while hoping to spend $56,057 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: 36/37/27 Blend
53$2,620,000$2,620,000$2,620,000$2,620,000
54$2,892,376$2,753,516$2,712,906$2,972,880
55$3,127,754$2,828,794$2,744,144$3,108,333
56$3,385,262$2,905,882$2,774,550$3,249,016
57$3,667,098$2,984,809$2,804,036$3,399,812
58$3,975,682$3,065,605$2,832,511$3,561,666
59$4,313,679$3,148,297$2,859,879$3,735,621
60$4,684,025$3,232,915$2,886,036$3,922,822
61$5,089,953$3,319,485$2,910,875$4,124,533
62$5,535,022$3,408,034$2,934,283$4,342,146
63$6,023,154$3,498,587$2,956,141$4,577,193
64$6,558,668$3,591,170$2,976,324$4,831,362
65$7,146,320$3,685,805$2,994,699$5,106,512
66$7,791,351$3,782,516$3,011,128$5,404,693
67$8,499,533$3,881,323$3,025,464$5,728,162
68$9,277,223$3,982,245$3,037,555$6,079,406
69$10,131,425$4,085,301$3,047,239$6,461,167
70$11,069,856$4,190,506$3,054,347$6,876,463
71$12,101,015$4,297,875$3,058,701$7,328,624
72$13,234,267$4,407,419$3,060,116$7,821,316
73$14,479,927$4,519,147$3,058,394$8,358,583
74$15,849,361$4,633,067$3,053,332$8,944,877
75$17,355,090$4,749,181$3,044,713$9,585,109
76$19,010,910$4,867,492$3,032,312$10,284,689
77$20,832,020$4,987,997$3,015,892$11,049,580
78$22,835,167$5,110,689$2,995,205$11,886,353
79$25,038,800$5,235,559$2,969,990$12,802,253
80$27,463,249$5,362,593$2,939,976$13,805,264
81$30,130,912$5,491,772$2,904,877$14,904,184
82$33,066,468$5,623,072$2,864,394$16,108,712
83$36,297,111$5,756,466$2,818,214$17,429,537
84$39,852,803$5,891,918$2,766,010$18,878,443
85$43,766,556$6,029,390$2,707,439$20,468,415
86$48,074,748$6,168,833$2,642,142$22,213,767
87$52,817,462$6,310,196$2,569,743$24,130,275
88$58,038,864$6,453,417$2,489,851$26,235,329
89$63,787,621$6,598,427$2,402,054$28,548,093
90$70,117,358$6,745,149$2,305,922$31,089,693
91$77,087,166$6,893,499$2,201,007$33,883,413
92$84,762,155$7,043,379$2,086,840$36,954,917
93$93,214,075$7,194,684$1,962,928$40,332,490
94$102,521,985$7,347,298$1,828,761$44,047,309
95$112,773,004$7,501,092$1,683,801$48,133,738
96$124,063,131$7,655,926$1,527,489$52,629,650
97$136,498,151$7,811,647$1,359,240$57,576,790
98$150,194,630$7,968,086$1,178,443$63,021,167
99$165,281,022$8,125,061$984,460$69,013,492
100$181,898,871$8,282,374$776,624$75,609,658