Can I retire at age 54 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$217,183$215,248$213,361$211,519$209,720$208,224
2 years$107,516$105,514$103,573$101,692$99,867$98,358
3 years$70,966$68,955$67,019$65,155$63,359$61,885
4 years$52,694$50,689$48,773$46,940$45,189$43,760
5 years$41,734$39,741$37,849$36,055$34,352$32,972
6 years$34,429$32,451$30,588$28,833$27,181$25,854
7 years$29,214$27,253$25,419$23,705$22,106$20,830
8 years$25,304$23,360$21,557$19,886$18,339$17,115
9 years$22,265$20,339$18,567$16,938$15,444$14,272
10 years$19,835$17,928$16,187$14,601$13,159$12,039
11 years$17,848$15,960$14,251$12,707$11,317$10,247
12 years$16,193$14,325$12,647$11,146$9,807$8,787
13 years$14,794$12,946$11,300$9,840$8,552$7,580
14 years$13,596$11,767$10,153$8,735$7,497$6,572
15 years$12,559$10,750$9,167$7,790$6,601$5,722
16 years$11,652$9,863$8,311$6,975$5,834$5,000
17 years$10,853$9,083$7,563$6,267$5,173$4,382
18 years$10,143$8,393$6,904$5,648$4,599$3,850
19 years$9,509$7,779$6,320$5,103$4,099$3,391
20 years$8,939$7,228$5,800$4,622$3,662$2,992
21 years$8,423$6,733$5,335$4,195$3,277$2,645
22 years$7,956$6,285$4,917$3,814$2,937$2,341
23 years$7,529$5,878$4,540$3,474$2,637$2,075
24 years$7,139$5,508$4,199$3,168$2,370$1,841
25 years$6,781$5,169$3,889$2,893$2,132$1,635
26 years$6,450$4,858$3,607$2,645$1,921$1,454
27 years$6,145$4,572$3,349$2,421$1,732$1,293
28 years$5,862$4,308$3,113$2,219$1,563$1,152
29 years$5,599$4,064$2,897$2,035$1,411$1,026
30 years$5,354$3,838$2,699$1,867$1,275$914
31 years$5,125$3,628$2,516$1,715$1,153$815
32 years$4,911$3,433$2,347$1,576$1,043$727
33 years$4,710$3,251$2,192$1,449$944$649
34 years$4,521$3,081$2,048$1,333$854$580
35 years$4,344$2,922$1,915$1,227$774$518
36 years$4,177$2,774$1,791$1,130$701$462
37 years$4,019$2,635$1,676$1,042$635$413
38 years$3,870$2,504$1,570$960$576$369
39 years$3,729$2,381$1,471$885$522$330
40 years$3,596$2,265$1,379$816$474$295
41 years$3,469$2,156$1,293$753$430$264
42 years$3,348$2,054$1,213$695$390$236
43 years$3,234$1,957$1,138$642$354$211
44 years$3,125$1,865$1,068$593$321$189
45 years$3,021$1,778$1,003$547$292$169
46 years$2,922$1,697$942$506$265$151
47 years$2,827$1,619$885$467$241$135
48 years$2,737$1,546$832$432$218$121
49 years$2,650$1,476$782$399$198$108
50 years$2,568$1,410$735$369$180$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,630,000, adding $6,462 every year, while hoping to spend $25,962 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$2,630,000$2,630,000$2,630,000$2,630,000
54$2,904,926$2,765,536$2,724,771$3,037,051
55$3,173,605$2,873,423$2,788,427$3,236,603
56$3,468,819$2,985,728$2,853,346$3,450,119
57$3,793,247$3,102,637$2,919,542$3,681,587
58$4,149,842$3,224,350$2,987,030$3,932,708
59$4,541,854$3,351,071$3,055,823$4,205,349
60$4,972,866$3,483,016$3,125,936$4,501,562
61$5,446,825$3,620,411$3,197,382$4,823,605
62$5,968,080$3,763,490$3,270,174$5,173,961
63$6,541,422$3,912,499$3,344,322$5,555,358
64$7,172,130$4,067,694$3,419,840$5,970,798
65$7,866,019$4,229,344$3,496,736$6,423,585
66$8,629,499$4,397,727$3,575,023$6,917,350
67$9,469,630$4,573,138$3,654,708$7,456,090
68$10,394,191$4,755,881$3,735,800$8,044,203
69$11,411,756$4,946,276$3,818,307$8,686,525
70$12,531,769$5,144,658$3,902,234$9,388,384
71$13,764,638$5,351,374$3,987,587$10,155,637
72$15,121,830$5,566,791$4,074,370$10,994,735
73$16,615,982$5,791,288$4,162,587$11,912,777
74$18,261,016$6,025,266$4,252,238$12,917,577
75$20,072,276$6,269,140$4,343,323$14,017,738
76$22,066,665$6,523,345$4,435,842$15,222,729
77$24,262,814$6,788,338$4,529,792$16,542,976
78$26,681,248$7,064,594$4,625,167$17,989,960
79$29,344,587$7,352,610$4,721,962$19,576,319
80$32,277,755$7,652,908$4,820,168$21,315,972
81$35,508,217$7,966,031$4,919,774$23,224,244
82$39,066,236$8,292,548$5,020,768$25,318,011
83$42,985,164$8,633,054$5,123,135$27,615,859
84$47,301,748$8,988,172$5,226,857$30,138,256
85$52,056,485$9,358,551$5,331,916$32,907,744
86$57,293,999$9,744,873$5,438,288$35,949,151
87$63,063,464$10,147,848$5,545,947$39,289,820
88$69,419,067$10,568,222$5,654,865$42,959,869
89$76,420,519$11,006,773$5,765,011$46,992,474
90$84,133,622$11,464,314$5,876,349$51,424,174
91$92,630,885$11,941,700$5,988,841$56,295,220
92$101,992,212$12,439,819$6,102,443$61,649,949
93$112,305,652$12,959,605$6,217,110$67,537,203
94$123,668,236$13,502,033$6,332,790$74,010,785
95$136,186,887$14,068,123$6,449,429$81,129,963
96$149,979,432$14,658,943$6,566,967$88,960,033
97$165,175,712$15,275,610$6,685,339$97,572,925
98$181,918,813$15,919,293$6,804,476$107,047,883
99$200,366,408$16,591,214$6,924,302$117,472,211
100$220,692,251$17,292,654$7,044,736$128,942,090