Can I retire at age 54 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$218,835$216,885$214,983$213,127$211,315$210,071
2 years$108,334$106,316$104,361$102,465$100,626$99,371
3 years$71,505$69,479$67,528$65,650$63,841$62,614
4 years$53,094$51,074$49,143$47,297$45,532$44,342
5 years$42,051$40,043$38,137$36,329$34,613$33,464
6 years$34,691$32,698$30,821$29,053$27,388$26,281
7 years$29,436$27,460$25,612$23,886$22,274$21,210
8 years$25,496$23,538$21,721$20,037$18,478$17,457
9 years$22,434$20,494$18,708$17,067$15,561$14,583
10 years$19,985$18,065$16,310$14,712$13,259$12,323
11 years$17,983$16,082$14,359$12,804$11,403$10,508
12 years$16,316$14,434$12,744$11,231$9,882$9,028
13 years$14,907$13,044$11,386$9,915$8,617$7,803
14 years$13,699$11,857$10,230$8,801$7,554$6,778
15 years$12,654$10,831$9,236$7,849$6,651$5,913
16 years$11,740$9,938$8,374$7,028$5,878$5,177
17 years$10,935$9,152$7,620$6,315$5,212$4,547
18 years$10,220$8,457$6,956$5,691$4,634$4,004
19 years$9,581$7,838$6,368$5,142$4,131$3,534
20 years$9,007$7,283$5,844$4,657$3,689$3,125
21 years$8,487$6,784$5,376$4,227$3,302$2,768
22 years$8,016$6,333$4,954$3,843$2,959$2,456
23 years$7,587$5,923$4,575$3,500$2,657$2,182
24 years$7,193$5,549$4,231$3,192$2,388$1,940
25 years$6,832$5,208$3,918$2,915$2,149$1,727
26 years$6,499$4,895$3,634$2,666$1,935$1,539
27 years$6,192$4,606$3,375$2,440$1,745$1,373
28 years$5,906$4,341$3,137$2,235$1,575$1,225
29 years$5,641$4,095$2,919$2,050$1,422$1,094
30 years$5,394$3,867$2,719$1,881$1,285$977
31 years$5,164$3,656$2,535$1,728$1,161$874
32 years$4,948$3,459$2,365$1,588$1,051$781
33 years$4,746$3,276$2,209$1,460$951$699
34 years$4,556$3,105$2,064$1,344$861$626
35 years$4,377$2,945$1,929$1,237$780$560
36 years$4,209$2,795$1,805$1,139$706$502
37 years$4,050$2,655$1,689$1,050$640$449
38 years$3,900$2,523$1,582$967$580$403
39 years$3,758$2,399$1,482$892$526$361
40 years$3,623$2,282$1,389$823$477$323
41 years$3,495$2,173$1,303$759$433$290
42 years$3,374$2,069$1,222$701$393$260
43 years$3,258$1,971$1,147$647$357$233
44 years$3,149$1,879$1,076$597$324$209
45 years$3,044$1,792$1,011$551$294$187
46 years$2,944$1,710$949$509$267$168
47 years$2,849$1,631$892$471$242$151
48 years$2,758$1,557$838$435$220$135
49 years$2,671$1,487$788$402$200$121
50 years$2,587$1,421$740$371$182$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,650,000, adding $3,708 every year, while hoping to spend $43,048 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: 75/15/10 Blend
53$2,650,000$2,650,000$2,650,000$2,650,000
54$2,924,125$2,783,675$2,742,600$3,137,915
55$3,176,583$2,874,272$2,788,674$3,369,916
56$3,453,349$2,967,866$2,834,849$3,618,288
57$3,756,857$3,064,558$2,881,083$3,889,260
58$4,089,787$3,164,452$2,927,330$4,185,059
59$4,455,093$3,267,658$2,973,544$4,508,138
60$4,856,027$3,374,287$3,019,672$4,861,197
61$5,296,171$3,484,457$3,065,660$5,247,211
62$5,779,472$3,598,287$3,111,451$5,669,455
63$6,310,277$3,715,902$3,156,984$6,131,534
64$6,893,375$3,837,431$3,202,193$6,637,421
65$7,534,042$3,963,008$3,247,009$7,191,490
66$8,238,090$4,092,771$3,291,359$7,798,559
67$9,011,921$4,226,862$3,335,165$8,463,934
68$9,862,589$4,365,431$3,378,346$9,193,460
69$10,797,867$4,508,630$3,420,814$9,993,577
70$11,826,315$4,656,619$3,462,477$10,871,375
71$12,957,368$4,809,562$3,503,239$11,834,669
72$14,201,418$4,967,630$3,542,996$12,892,064
73$15,569,917$5,130,998$3,581,641$14,053,042
74$17,075,482$5,299,850$3,619,059$15,328,047
75$18,732,013$5,474,374$3,655,129$16,728,586
76$20,554,828$5,654,768$3,689,725$18,267,336
77$22,560,802$5,841,234$3,722,713$19,958,265
78$24,768,531$6,033,982$3,753,951$21,816,760
79$27,198,505$6,233,230$3,783,292$23,859,774
80$29,873,298$6,439,204$3,810,578$26,105,985
81$32,817,788$6,652,138$3,835,646$28,575,975
82$36,059,384$6,872,275$3,858,322$31,292,418
83$39,628,289$7,099,865$3,878,424$34,280,298
84$43,557,785$7,335,168$3,895,761$37,567,143
85$47,884,543$7,578,455$3,910,133$41,183,284
86$52,648,971$7,830,005$3,921,327$45,162,141
87$57,895,598$8,090,107$3,929,124$49,540,540
88$63,673,489$8,359,061$3,933,289$54,359,057
89$70,036,709$8,637,180$3,933,578$59,662,400
90$77,044,836$8,924,784$3,929,736$65,499,836
91$84,763,520$9,222,210$3,921,493$71,925,649
92$93,265,104$9,529,802$3,908,567$78,999,656
93$102,629,303$9,847,922$3,890,664$86,787,769
94$112,943,963$10,176,940$3,867,471$95,362,618
95$124,305,882$10,517,245$3,838,666$104,804,235
96$136,821,728$10,869,236$3,803,907$115,200,810
97$150,609,044$11,233,329$3,762,838$126,649,522
98$165,797,359$11,609,954$3,715,086$139,257,454
99$182,529,407$11,999,560$3,660,259$153,142,607
100$200,962,477$12,402,608$3,597,948$168,435,011