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

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$219,660$217,704$215,795$213,932$212,112$204,100
2 years$108,743$106,717$104,755$102,852$101,006$93,026
3 years$71,775$69,741$67,783$65,898$64,082$56,387
4 years$53,295$51,267$49,329$47,476$45,704$38,351
5 years$42,210$40,194$38,281$36,466$34,743$27,752
6 years$34,822$32,821$30,937$29,162$27,491$20,867
7 years$29,547$27,563$25,709$23,976$22,358$16,098
8 years$25,593$23,627$21,803$20,113$18,548$12,647
9 years$22,519$20,571$18,779$17,132$15,620$10,070
10 years$20,061$18,133$16,372$14,768$13,309$8,099
11 years$18,051$16,143$14,414$12,852$11,446$6,565
12 years$16,378$14,489$12,792$11,273$9,919$5,354
13 years$14,963$13,094$11,429$9,952$8,650$4,388
14 years$13,751$11,902$10,269$8,835$7,582$3,610
15 years$12,702$10,872$9,271$7,879$6,676$2,979
16 years$11,785$9,975$8,406$7,055$5,900$2,465
17 years$10,976$9,187$7,649$6,339$5,232$2,044
18 years$10,259$8,489$6,982$5,712$4,652$1,697
19 years$9,617$7,868$6,392$5,162$4,146$1,412
20 years$9,040$7,311$5,866$4,675$3,703$1,176
21 years$8,519$6,810$5,396$4,243$3,314$980
22 years$8,046$6,357$4,973$3,858$2,971$817
23 years$7,615$5,945$4,592$3,513$2,667$682
24 years$7,220$5,570$4,247$3,204$2,397$570
25 years$6,858$5,227$3,933$2,926$2,157$476
26 years$6,524$4,913$3,648$2,676$1,943$398
27 years$6,215$4,624$3,387$2,449$1,752$333
28 years$5,929$4,357$3,149$2,244$1,580$278
29 years$5,662$4,110$2,930$2,058$1,427$233
30 years$5,415$3,882$2,730$1,888$1,289$195
31 years$5,183$3,669$2,545$1,734$1,166$163
32 years$4,967$3,472$2,374$1,594$1,055$136
33 years$4,764$3,288$2,217$1,466$954$114
34 years$4,573$3,116$2,071$1,349$864$96
35 years$4,394$2,956$1,937$1,242$783$80
36 years$4,225$2,806$1,812$1,143$709$67
37 years$4,065$2,665$1,696$1,053$643$56
38 years$3,914$2,532$1,588$971$583$47
39 years$3,772$2,408$1,488$895$528$39
40 years$3,637$2,291$1,394$826$479$33
41 years$3,508$2,181$1,307$762$435$28
42 years$3,387$2,077$1,226$703$395$23
43 years$3,271$1,979$1,151$649$358$19
44 years$3,160$1,886$1,080$599$325$16
45 years$3,055$1,799$1,014$554$295$14
46 years$2,955$1,716$953$511$268$11
47 years$2,860$1,638$895$472$243$10
48 years$2,768$1,563$841$436$221$8
49 years$2,681$1,493$791$403$201$7
50 years$2,597$1,426$743$373$182$6

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 $2,688 every year, while hoping to spend $48,490 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: 32/39/29 Blend
53$2,660,000$2,660,000$2,660,000$2,660,000
54$2,934,093$2,793,113$2,751,883$3,001,979
55$3,181,777$2,878,382$2,792,478$3,139,715
56$3,453,100$2,966,205$2,832,808$3,283,511
57$3,750,422$3,056,654$2,872,812$3,437,456
58$4,076,341$3,149,807$2,912,428$3,602,477
59$4,433,721$3,245,740$2,951,587$3,779,597
60$4,825,713$3,344,534$2,990,218$3,969,938
61$5,255,791$3,446,271$3,028,245$4,174,736
62$5,727,779$3,551,036$3,065,588$4,395,351
63$6,245,891$3,658,915$3,102,164$4,633,279
64$6,814,767$3,769,997$3,137,882$4,890,165
65$7,439,520$3,884,374$3,172,648$5,167,823
66$8,125,782$4,002,139$3,206,362$5,468,246
67$8,879,756$4,123,389$3,238,920$5,793,631
68$9,708,279$4,248,222$3,270,211$6,146,395
69$10,618,878$4,376,739$3,300,118$6,529,199
70$11,619,849$4,509,045$3,328,518$6,944,975
71$12,720,332$4,645,247$3,355,281$7,396,951
72$13,930,394$4,785,452$3,380,272$7,888,682
73$15,261,130$4,929,775$3,403,346$8,424,081
74$16,724,760$5,078,329$3,424,353$9,007,461
75$18,334,751$5,231,232$3,443,135$9,643,572
76$20,105,939$5,388,606$3,459,523$10,337,644
77$22,054,671$5,550,574$3,473,343$11,095,442
78$24,198,959$5,717,263$3,484,411$11,923,312
79$26,558,647$5,888,804$3,492,534$12,828,250
80$29,155,602$6,065,328$3,497,507$13,817,959
81$32,013,918$6,246,974$3,499,118$14,900,928
82$35,160,142$6,433,880$3,497,143$16,086,510
83$38,623,527$6,626,190$3,491,347$17,385,007
84$42,436,303$6,824,050$3,481,484$18,807,773
85$46,633,988$7,027,611$3,467,295$20,367,317
86$51,255,716$7,237,025$3,448,511$22,077,419
87$56,344,610$7,452,450$3,424,847$23,953,268
88$61,948,186$7,674,046$3,396,005$26,011,596
89$68,118,805$7,901,978$3,361,675$28,270,841
90$74,914,161$8,136,413$3,321,530$30,751,320
91$82,397,832$8,377,524$3,275,228$33,475,420
92$90,639,874$8,625,486$3,222,411$36,467,813
93$99,717,484$8,880,477$3,162,705$39,755,681
94$109,715,730$9,142,683$3,095,717$43,368,980
95$120,728,349$9,412,288$3,021,038$47,340,721
96$132,858,635$9,689,486$2,938,238$51,707,278
97$146,220,415$9,974,470$2,846,868$56,508,738
98$160,939,118$10,267,439$2,746,458$61,789,271
99$177,152,961$10,568,597$2,636,518$67,597,555
100$195,014,255$10,878,150$2,516,533$73,987,233