Can I retire at age 54 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$218,009$216,067$214,172$212,323$210,517$205,762
2 years$107,925$105,915$103,967$102,078$100,246$95,481
3 years$71,235$69,217$67,274$65,403$63,600$58,974
4 years$52,894$50,882$48,958$47,119$45,360$40,908
5 years$41,892$39,892$37,993$36,192$34,482$30,217
6 years$34,560$32,575$30,704$28,943$27,285$23,211
7 years$29,325$27,356$25,515$23,796$22,190$18,308
8 years$25,400$23,449$21,639$19,961$18,408$14,717
9 years$22,349$20,417$18,638$17,003$15,503$11,999
10 years$19,910$17,996$16,249$14,657$13,209$9,890
11 years$17,916$16,021$14,305$12,756$11,360$8,220
12 years$16,255$14,380$12,695$11,188$9,844$6,879
13 years$14,850$12,995$11,343$9,878$8,585$5,788
14 years$13,648$11,812$10,191$8,768$7,525$4,893
15 years$12,606$10,791$9,201$7,820$6,626$4,150
16 years$11,696$9,900$8,342$7,002$5,856$3,532
17 years$10,894$9,118$7,591$6,291$5,192$3,013
18 years$10,181$8,425$6,930$5,669$4,617$2,576
19 years$9,545$7,808$6,344$5,123$4,115$2,206
20 years$8,973$7,256$5,822$4,640$3,676$1,893
21 years$8,455$6,759$5,355$4,211$3,289$1,626
22 years$7,986$6,309$4,936$3,829$2,948$1,398
23 years$7,558$5,901$4,557$3,487$2,647$1,203
24 years$7,166$5,528$4,215$3,180$2,379$1,037
25 years$6,806$5,188$3,904$2,904$2,141$894
26 years$6,475$4,876$3,620$2,656$1,928$771
27 years$6,168$4,589$3,362$2,431$1,738$665
28 years$5,884$4,324$3,125$2,227$1,569$574
29 years$5,620$4,079$2,908$2,042$1,416$496
30 years$5,374$3,852$2,709$1,874$1,280$429
31 years$5,144$3,642$2,526$1,721$1,157$370
32 years$4,929$3,446$2,356$1,582$1,047$320
33 years$4,728$3,263$2,200$1,455$947$277
34 years$4,539$3,093$2,056$1,339$858$239
35 years$4,361$2,934$1,922$1,232$777$207
36 years$4,193$2,784$1,798$1,135$704$179
37 years$4,035$2,645$1,683$1,046$638$155
38 years$3,885$2,513$1,576$964$578$134
39 years$3,743$2,390$1,476$889$524$116
40 years$3,609$2,274$1,384$820$476$100
41 years$3,482$2,164$1,298$756$432$87
42 years$3,361$2,061$1,217$698$392$75
43 years$3,246$1,964$1,142$644$355$65
44 years$3,137$1,872$1,072$595$323$56
45 years$3,032$1,785$1,007$549$293$49
46 years$2,933$1,703$946$507$266$42
47 years$2,838$1,625$888$469$241$37
48 years$2,747$1,551$835$433$219$32
49 years$2,661$1,482$785$400$199$27
50 years$2,578$1,415$738$370$181$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,640,000, adding $6,103 every year, while hoping to spend $30,351 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: 58/21/21 Blend
53$2,640,000$2,640,000$2,640,000$2,640,000
54$2,915,575$2,775,655$2,734,735$3,068,020
55$3,180,671$2,879,369$2,794,056$3,276,132
56$3,471,789$2,987,148$2,854,346$3,499,108
57$3,791,551$3,099,158$2,915,607$3,741,538
58$4,142,847$3,215,575$2,977,838$4,005,307
59$4,528,859$3,336,580$3,041,037$4,292,488
60$4,953,093$3,462,362$3,105,201$4,605,364
61$5,419,411$3,593,120$3,170,328$4,946,446
62$5,932,067$3,729,059$3,236,410$5,318,498
63$6,495,751$3,870,396$3,303,443$5,724,562
64$7,115,627$4,017,355$3,371,417$6,167,988
65$7,797,385$4,170,169$3,440,324$6,652,462
66$8,547,296$4,329,085$3,510,153$7,182,044
67$9,372,266$4,494,357$3,580,889$7,761,201
68$10,279,908$4,666,251$3,652,519$8,394,855
69$11,278,607$4,845,045$3,725,027$9,088,423
70$12,377,602$5,031,030$3,798,393$9,847,871
71$13,587,076$5,224,509$3,872,598$10,679,769
72$14,918,245$5,425,797$3,947,617$11,591,350
73$16,383,470$5,635,225$4,023,426$12,590,583
74$17,996,370$5,853,137$4,099,997$13,686,243
75$19,771,952$6,079,893$4,177,299$14,887,993
76$21,726,752$6,315,869$4,255,299$16,206,480
77$23,878,990$6,561,456$4,333,962$17,653,427
78$26,248,744$6,817,065$4,413,247$19,241,748
79$28,858,138$7,083,122$4,493,112$20,985,670
80$31,731,548$7,360,075$4,573,511$22,900,862
81$34,895,837$7,648,390$4,654,395$25,004,585
82$38,380,605$7,948,554$4,735,710$27,315,855
83$42,218,469$8,261,075$4,817,399$29,855,619
84$46,445,371$8,586,487$4,899,400$32,646,954
85$51,100,917$8,925,343$4,981,648$35,715,281
86$56,228,750$9,278,223$5,064,072$39,088,608
87$61,876,960$9,645,734$5,146,596$42,797,792
88$68,098,544$10,028,509$5,229,141$46,876,826
89$74,951,899$10,427,209$5,311,620$51,363,163
90$82,501,375$10,842,525$5,393,943$56,298,067
91$90,817,887$11,275,180$5,476,011$61,727,000
92$99,979,576$11,725,928$5,557,722$67,700,052
93$110,072,552$12,195,559$5,638,965$74,272,411
94$121,191,707$12,684,895$5,719,625$81,504,885
95$133,441,605$13,194,799$5,799,576$89,464,470
96$146,937,476$13,726,172$5,878,689$98,224,986
97$161,806,298$14,279,953$5,956,825$107,867,770
98$178,187,997$14,857,128$6,033,835$118,482,443
99$196,236,770$15,458,724$6,109,566$130,167,754
100$216,122,535$16,085,817$6,183,851$143,032,509