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

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$217,183$215,248$213,361$211,519$209,720$202,038
2 years$107,516$105,514$103,573$101,692$99,867$92,213
3 years$70,966$68,955$67,019$65,155$63,359$55,974
4 years$52,694$50,689$48,773$46,940$45,189$38,128
5 years$41,734$39,741$37,849$36,055$34,352$27,635
6 years$34,429$32,451$30,588$28,833$27,181$20,813
7 years$29,214$27,253$25,419$23,705$22,106$16,084
8 years$25,304$23,360$21,557$19,886$18,339$12,658
9 years$22,265$20,339$18,567$16,938$15,444$10,097
10 years$19,835$17,928$16,187$14,601$13,159$8,137
11 years$17,848$15,960$14,251$12,707$11,317$6,608
12 years$16,193$14,325$12,647$11,146$9,807$5,400
13 years$14,794$12,946$11,300$9,840$8,552$4,435
14 years$13,596$11,767$10,153$8,735$7,497$3,656
15 years$12,559$10,750$9,167$7,790$6,601$3,024
16 years$11,652$9,863$8,311$6,975$5,834$2,507
17 years$10,853$9,083$7,563$6,267$5,173$2,084
18 years$10,143$8,393$6,904$5,648$4,599$1,734
19 years$9,509$7,779$6,320$5,103$4,099$1,446
20 years$8,939$7,228$5,800$4,622$3,662$1,207
21 years$8,423$6,733$5,335$4,195$3,277$1,008
22 years$7,956$6,285$4,917$3,814$2,937$843
23 years$7,529$5,878$4,540$3,474$2,637$705
24 years$7,139$5,508$4,199$3,168$2,370$590
25 years$6,781$5,169$3,889$2,893$2,132$495
26 years$6,450$4,858$3,607$2,645$1,921$414
27 years$6,145$4,572$3,349$2,421$1,732$347
28 years$5,862$4,308$3,113$2,219$1,563$291
29 years$5,599$4,064$2,897$2,035$1,411$244
30 years$5,354$3,838$2,699$1,867$1,275$205
31 years$5,125$3,628$2,516$1,715$1,153$172
32 years$4,911$3,433$2,347$1,576$1,043$144
33 years$4,710$3,251$2,192$1,449$944$121
34 years$4,521$3,081$2,048$1,333$854$102
35 years$4,344$2,922$1,915$1,227$774$85
36 years$4,177$2,774$1,791$1,130$701$72
37 years$4,019$2,635$1,676$1,042$635$60
38 years$3,870$2,504$1,570$960$576$50
39 years$3,729$2,381$1,471$885$522$42
40 years$3,596$2,265$1,379$816$474$36
41 years$3,469$2,156$1,293$753$430$30
42 years$3,348$2,054$1,213$695$390$25
43 years$3,234$1,957$1,138$642$354$21
44 years$3,125$1,865$1,068$593$321$18
45 years$3,021$1,778$1,003$547$292$15
46 years$2,922$1,697$942$506$265$12
47 years$2,827$1,619$885$467$241$10
48 years$2,737$1,546$832$432$218$9
49 years$2,650$1,476$782$399$198$7
50 years$2,568$1,410$735$369$180$6

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 $3,071 every year, while hoping to spend $29,194 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: 46/48/6 Blend
53$2,630,000$2,630,000$2,630,000$2,630,000
54$2,901,428$2,762,038$2,721,273$3,030,050
55$3,166,311$2,866,315$2,781,373$3,223,037
56$3,457,234$2,974,724$2,842,509$3,428,960
57$3,776,822$3,087,436$2,904,683$3,651,646
58$4,127,967$3,204,629$2,967,899$3,892,653
59$4,513,855$3,326,491$3,032,158$4,153,690
60$4,937,996$3,453,217$3,097,463$4,436,634
61$5,404,256$3,585,009$3,163,813$4,743,548
62$5,916,896$3,722,081$3,231,207$5,076,698
63$6,480,610$3,864,653$3,299,643$5,438,576
64$7,100,569$4,012,958$3,369,117$5,831,919
65$7,782,470$4,167,236$3,439,626$6,259,736
66$8,532,591$4,327,739$3,511,162$6,725,337
67$9,357,848$4,494,731$3,583,719$7,232,359
68$10,265,861$4,668,486$3,657,286$7,784,803
69$11,265,028$4,849,290$3,731,854$8,387,069
70$12,364,599$5,037,444$3,807,409$9,043,997
71$13,574,768$5,233,258$3,883,938$9,760,911
72$14,906,767$5,437,061$3,961,422$10,543,668
73$16,372,973$5,649,192$4,039,845$11,398,712
74$17,987,021$5,870,008$4,119,185$12,333,135
75$19,763,939$6,099,880$4,199,419$13,354,738
76$21,720,282$6,339,196$4,280,522$14,472,109
77$23,874,296$6,588,362$4,362,465$15,694,699
78$26,246,084$6,847,801$4,445,217$17,032,910
79$28,857,797$7,117,956$4,528,744$18,498,192
80$31,733,846$7,399,288$4,613,010$20,103,150
81$34,901,126$7,692,282$4,697,974$21,861,659
82$38,389,278$7,997,441$4,783,593$23,788,994
83$42,230,961$8,315,292$4,869,820$25,901,975
84$46,462,163$8,646,385$4,956,604$28,219,119
85$51,122,543$8,991,298$5,043,889$30,760,816
86$56,255,801$9,350,630$5,131,618$33,549,517
87$61,910,092$9,725,010$5,219,726$36,609,947
88$68,138,481$10,115,095$5,308,147$39,969,332
89$74,999,443$10,521,571$5,396,806$43,657,655
90$82,557,414$10,945,157$5,485,628$47,707,937
91$90,883,401$11,386,600$5,574,527$52,156,544
92$100,055,651$11,846,686$5,663,416$57,043,532
93$110,160,387$12,326,234$5,752,201$62,413,016
94$121,292,627$12,826,100$5,840,780$68,313,587
95$133,557,076$13,347,179$5,929,047$74,798,766
96$147,069,116$13,890,409$6,016,888$81,927,508
97$161,955,893$14,456,767$6,104,181$89,764,752
98$178,357,523$15,047,277$6,190,800$98,382,032
99$196,428,406$15,663,009$6,276,607$107,858,147
100$216,338,689$16,305,082$6,361,459$118,279,903