Can I retire at age 54 with 2,660,000?

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 $2,660,000?

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$219,660$217,704$215,795$213,932$212,112$207,321
2 years$108,743$106,717$104,755$102,852$101,006$96,205
3 years$71,775$69,741$67,783$65,898$64,082$59,421
4 years$53,295$51,267$49,329$47,476$45,704$41,218
5 years$42,210$40,194$38,281$36,466$34,743$30,446
6 years$34,822$32,821$30,937$29,162$27,491$23,387
7 years$29,547$27,563$25,709$23,976$22,358$18,447
8 years$25,593$23,627$21,803$20,113$18,548$14,829
9 years$22,519$20,571$18,779$17,132$15,620$12,090
10 years$20,061$18,133$16,372$14,768$13,309$9,964
11 years$18,051$16,143$14,414$12,852$11,446$8,283
12 years$16,378$14,489$12,792$11,273$9,919$6,931
13 years$14,963$13,094$11,429$9,952$8,650$5,832
14 years$13,751$11,902$10,269$8,835$7,582$4,930
15 years$12,702$10,872$9,271$7,879$6,676$4,182
16 years$11,785$9,975$8,406$7,055$5,900$3,559
17 years$10,976$9,187$7,649$6,339$5,232$3,036
18 years$10,259$8,489$6,982$5,712$4,652$2,596
19 years$9,617$7,868$6,392$5,162$4,146$2,223
20 years$9,040$7,311$5,866$4,675$3,703$1,907
21 years$8,519$6,810$5,396$4,243$3,314$1,638
22 years$8,046$6,357$4,973$3,858$2,971$1,409
23 years$7,615$5,945$4,592$3,513$2,667$1,212
24 years$7,220$5,570$4,247$3,204$2,397$1,044
25 years$6,858$5,227$3,933$2,926$2,157$900
26 years$6,524$4,913$3,648$2,676$1,943$777
27 years$6,215$4,624$3,387$2,449$1,752$670
28 years$5,929$4,357$3,149$2,244$1,580$579
29 years$5,662$4,110$2,930$2,058$1,427$500
30 years$5,415$3,882$2,730$1,888$1,289$432
31 years$5,183$3,669$2,545$1,734$1,166$373
32 years$4,967$3,472$2,374$1,594$1,055$323
33 years$4,764$3,288$2,217$1,466$954$279
34 years$4,573$3,116$2,071$1,349$864$241
35 years$4,394$2,956$1,937$1,242$783$209
36 years$4,225$2,806$1,812$1,143$709$180
37 years$4,065$2,665$1,696$1,053$643$156
38 years$3,914$2,532$1,588$971$583$135
39 years$3,772$2,408$1,488$895$528$117
40 years$3,637$2,291$1,394$826$479$101
41 years$3,508$2,181$1,307$762$435$88
42 years$3,387$2,077$1,226$703$395$76
43 years$3,271$1,979$1,151$649$358$66
44 years$3,160$1,886$1,080$599$325$57
45 years$3,055$1,799$1,014$554$295$49
46 years$2,955$1,716$953$511$268$43
47 years$2,860$1,638$895$472$243$37
48 years$2,768$1,563$841$436$221$32
49 years$2,681$1,493$791$403$201$28
50 years$2,597$1,426$743$373$182$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,660,000, adding $3,279 every year, while hoping to spend $45,534 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: 55/24/21 Blend
53$2,660,000$2,660,000$2,660,000$2,660,000
54$2,934,702$2,793,722$2,752,492$3,079,204
55$3,185,594$2,882,167$2,796,253$3,266,916
56$3,460,551$2,973,419$2,839,954$3,466,140
57$3,761,979$3,067,569$2,883,544$3,682,117
58$4,092,529$3,164,708$2,926,971$3,916,466
59$4,455,120$3,264,931$2,970,177$4,170,968
60$4,852,968$3,368,339$3,013,104$4,447,583
61$5,289,614$3,475,031$3,055,686$4,748,470
62$5,768,960$3,585,112$3,097,857$5,076,006
63$6,295,303$3,698,692$3,139,544$5,432,807
64$6,873,377$3,815,881$3,180,672$5,821,754
65$7,508,397$3,936,795$3,221,161$6,246,019
66$8,206,108$4,061,553$3,260,924$6,709,097
67$8,972,839$4,190,277$3,299,873$7,214,834
68$9,815,563$4,323,094$3,337,913$7,767,469
69$10,741,960$4,460,136$3,374,943$8,371,668
70$11,760,494$4,601,537$3,410,858$9,032,572
71$12,880,489$4,747,436$3,445,545$9,755,843
72$14,112,216$4,897,978$3,478,889$10,547,717
73$15,466,994$5,053,310$3,510,763$11,415,066
74$16,957,292$5,213,587$3,541,038$12,365,458
75$18,596,849$5,378,967$3,569,577$13,407,229
76$20,400,804$5,549,612$3,596,234$14,549,566
77$22,385,835$5,725,692$3,620,856$15,802,586
78$24,570,319$5,907,380$3,643,285$17,177,438
79$26,974,507$6,094,857$3,663,350$18,686,403
80$29,620,709$6,288,308$3,680,874$20,343,014
81$32,533,511$6,487,924$3,695,673$22,162,178
82$35,739,999$6,693,903$3,707,548$24,160,321
83$39,270,024$6,906,449$3,716,296$26,355,543
84$43,156,475$7,125,773$3,721,700$28,767,783
85$47,435,592$7,352,093$3,723,534$31,419,013
86$52,147,310$7,585,633$3,721,560$34,333,442
87$57,335,631$7,826,624$3,715,528$37,537,746
88$63,049,044$8,075,307$3,705,176$41,061,316
89$69,340,978$8,331,929$3,690,232$44,936,538
90$76,270,309$8,596,745$3,670,405$49,199,101
91$83,901,913$8,870,018$3,645,396$53,888,326
92$92,307,280$9,152,020$3,614,889$59,047,543
93$101,565,186$9,443,033$3,578,551$64,724,499
94$111,762,439$9,743,345$3,536,037$70,971,805
95$122,994,697$10,053,258$3,486,983$77,847,437
96$135,367,368$10,373,080$3,431,009$85,415,279
97$148,996,610$10,703,131$3,367,717$93,745,726
98$164,010,419$11,043,739$3,296,691$102,916,353
99$180,549,846$11,395,247$3,217,494$113,012,641
100$198,770,321$11,758,004$3,129,671$124,128,785