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%15.7%
1 years$216,357$214,430$212,550$210,714$208,922$204,038
2 years$107,108$105,113$103,179$101,305$99,487$94,593
3 years$70,696$68,692$66,764$64,907$63,119$58,369
4 years$52,493$50,496$48,587$46,762$45,017$40,448
5 years$41,575$39,590$37,706$35,918$34,221$29,846
6 years$34,298$32,328$30,472$28,724$27,078$22,900
7 years$29,103$27,149$25,322$23,615$22,022$18,043
8 years$25,208$23,272$21,475$19,810$18,269$14,487
9 years$22,180$20,262$18,497$16,874$15,385$11,797
10 years$19,759$17,860$16,126$14,546$13,109$9,711
11 years$17,780$15,900$14,197$12,659$11,274$8,062
12 years$16,132$14,271$12,599$11,104$9,770$6,738
13 years$14,738$12,897$11,257$9,803$8,520$5,662
14 years$13,544$11,723$10,114$8,702$7,468$4,779
15 years$12,511$10,709$9,132$7,761$6,576$4,049
16 years$11,608$9,825$8,279$6,949$5,812$3,440
17 years$10,811$9,049$7,534$6,243$5,153$2,931
18 years$10,104$8,361$6,877$5,627$4,582$2,502
19 years$9,472$7,749$6,296$5,084$4,084$2,140
20 years$8,905$7,201$5,778$4,605$3,648$1,833
21 years$8,391$6,707$5,315$4,179$3,264$1,572
22 years$7,925$6,261$4,898$3,800$2,926$1,350
23 years$7,501$5,856$4,523$3,460$2,627$1,160
24 years$7,112$5,487$4,183$3,156$2,361$998
25 years$6,755$5,149$3,874$2,882$2,124$859
26 years$6,426$4,839$3,593$2,635$1,914$739
27 years$6,121$4,554$3,336$2,412$1,725$637
28 years$5,839$4,291$3,102$2,210$1,557$549
29 years$5,577$4,048$2,886$2,027$1,406$473
30 years$5,333$3,823$2,689$1,860$1,270$408
31 years$5,105$3,614$2,506$1,708$1,148$352
32 years$4,892$3,420$2,339$1,570$1,039$304
33 years$4,692$3,239$2,184$1,444$940$263
34 years$4,504$3,070$2,040$1,328$851$227
35 years$4,328$2,911$1,907$1,223$771$196
36 years$4,161$2,763$1,784$1,126$698$169
37 years$4,004$2,625$1,670$1,038$633$146
38 years$3,856$2,494$1,564$956$574$126
39 years$3,715$2,372$1,465$882$520$109
40 years$3,582$2,257$1,373$813$472$94
41 years$3,456$2,148$1,288$750$428$81
42 years$3,336$2,046$1,208$693$389$70
43 years$3,222$1,949$1,134$639$353$61
44 years$3,113$1,858$1,064$590$320$52
45 years$3,009$1,772$999$545$291$45
46 years$2,911$1,690$938$504$264$39
47 years$2,817$1,613$882$465$240$34
48 years$2,726$1,540$828$430$218$29
49 years$2,640$1,470$779$397$198$25
50 years$2,558$1,405$732$367$180$22

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 $3,440 every year, while hoping to spend $42,206 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: 36/42/22 Blend
53$2,620,000$2,620,000$2,620,000$2,620,000
54$2,890,788$2,751,928$2,711,318$2,975,521
55$3,140,742$2,841,866$2,757,241$3,127,882
56$3,414,776$2,934,796$2,803,287$3,288,101
57$3,715,303$3,030,820$2,849,416$3,460,216
58$4,044,978$3,130,045$2,895,586$3,645,316
59$4,406,728$3,232,579$2,941,750$3,844,600
60$4,803,774$3,338,536$2,987,859$4,059,386
61$5,239,668$3,448,033$3,033,861$4,291,122
62$5,718,319$3,561,191$3,079,700$4,541,401
63$6,244,035$3,678,137$3,125,317$4,811,972
64$6,821,560$3,799,000$3,170,650$5,104,763
65$7,456,124$3,923,915$3,215,631$5,421,890
66$8,153,484$4,053,022$3,260,190$5,765,685
67$8,919,985$4,186,466$3,304,252$6,138,711
68$9,762,616$4,324,396$3,347,738$6,543,789
69$10,689,080$4,466,968$3,390,563$6,984,024
70$11,707,858$4,614,342$3,432,639$7,462,832
71$12,828,300$4,766,684$3,473,873$7,983,974
72$14,060,703$4,924,169$3,514,164$8,551,588
73$15,416,415$5,086,973$3,553,409$9,170,233
74$16,907,937$5,255,283$3,591,496$9,844,923
75$18,549,045$5,429,289$3,628,309$10,581,182
76$20,354,915$5,609,192$3,663,725$11,385,091
77$22,342,271$5,795,197$3,697,614$12,263,346
78$24,529,538$5,987,517$3,729,840$13,223,319
79$26,937,020$6,186,375$3,760,259$14,273,131
80$29,587,087$6,391,998$3,788,719$15,421,723
81$32,504,390$6,604,626$3,815,061$16,678,942
82$35,716,089$6,824,504$3,839,117$18,055,636
83$39,252,113$7,051,888$3,860,710$19,563,750
84$43,145,441$7,287,043$3,879,657$21,216,441
85$47,432,412$7,530,243$3,895,760$23,028,204
86$52,153,066$7,781,774$3,908,817$25,015,001
87$57,351,527$8,041,929$3,918,611$27,194,421
88$63,076,416$8,311,016$3,924,917$29,585,833
89$69,381,306$8,589,352$3,927,497$32,210,580
90$76,325,235$8,877,266$3,926,104$35,092,170
91$83,973,256$9,175,099$3,920,475$38,256,503
92$92,397,054$9,483,206$3,910,338$41,732,113
93$101,675,624$9,801,953$3,895,405$45,550,434
94$111,896,012$10,131,722$3,875,374$49,746,098
95$123,154,137$10,472,909$3,849,931$54,357,263
96$135,555,700$10,825,922$3,818,745$59,425,968
97$149,217,177$11,191,189$3,781,469$64,998,529
98$164,266,921$11,569,149$3,737,741$71,125,979
99$180,846,372$11,960,261$3,687,179$77,864,546
100$199,111,389$12,365,002$3,629,387$85,276,182