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%18.8%
1 years$219,660$217,704$215,795$213,932$212,112$204,586
2 years$108,743$106,717$104,755$102,852$101,006$93,504
3 years$71,775$69,741$67,783$65,898$64,082$56,840
4 years$53,295$51,267$49,329$47,476$45,704$38,777
5 years$42,210$40,194$38,281$36,466$34,743$28,149
6 years$34,822$32,821$30,937$29,162$27,491$21,235
7 years$29,547$27,563$25,709$23,976$22,358$16,439
8 years$25,593$23,627$21,803$20,113$18,548$12,961
9 years$22,519$20,571$18,779$17,132$15,620$10,357
10 years$20,061$18,133$16,372$14,768$13,309$8,362
11 years$18,051$16,143$14,414$12,852$11,446$6,805
12 years$16,378$14,489$12,792$11,273$9,919$5,572
13 years$14,963$13,094$11,429$9,952$8,650$4,585
14 years$13,751$11,902$10,269$8,835$7,582$3,788
15 years$12,702$10,872$9,271$7,879$6,676$3,140
16 years$11,785$9,975$8,406$7,055$5,900$2,609
17 years$10,976$9,187$7,649$6,339$5,232$2,173
18 years$10,259$8,489$6,982$5,712$4,652$1,813
19 years$9,617$7,868$6,392$5,162$4,146$1,515
20 years$9,040$7,311$5,866$4,675$3,703$1,267
21 years$8,519$6,810$5,396$4,243$3,314$1,061
22 years$8,046$6,357$4,973$3,858$2,971$889
23 years$7,615$5,945$4,592$3,513$2,667$746
24 years$7,220$5,570$4,247$3,204$2,397$626
25 years$6,858$5,227$3,933$2,926$2,157$525
26 years$6,524$4,913$3,648$2,676$1,943$441
27 years$6,215$4,624$3,387$2,449$1,752$371
28 years$5,929$4,357$3,149$2,244$1,580$312
29 years$5,662$4,110$2,930$2,058$1,427$262
30 years$5,415$3,882$2,730$1,888$1,289$220
31 years$5,183$3,669$2,545$1,734$1,166$185
32 years$4,967$3,472$2,374$1,594$1,055$156
33 years$4,764$3,288$2,217$1,466$954$131
34 years$4,573$3,116$2,071$1,349$864$110
35 years$4,394$2,956$1,937$1,242$783$93
36 years$4,225$2,806$1,812$1,143$709$78
37 years$4,065$2,665$1,696$1,053$643$66
38 years$3,914$2,532$1,588$971$583$55
39 years$3,772$2,408$1,488$895$528$47
40 years$3,637$2,291$1,394$826$479$39
41 years$3,508$2,181$1,307$762$435$33
42 years$3,387$2,077$1,226$703$395$28
43 years$3,271$1,979$1,151$649$358$23
44 years$3,160$1,886$1,080$599$325$20
45 years$3,055$1,799$1,014$554$295$17
46 years$2,955$1,716$953$511$268$14
47 years$2,860$1,638$895$472$243$12
48 years$2,768$1,563$841$436$221$10
49 years$2,681$1,493$791$403$201$8
50 years$2,597$1,426$743$373$182$7

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 $3,783 every year, while hoping to spend $23,208 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: 64/19/17 Blend
53$2,660,000$2,660,000$2,660,000$2,660,000
54$2,935,222$2,794,242$2,753,012$3,110,451
55$3,209,922$2,906,467$2,820,545$3,340,720
56$3,511,863$3,023,413$2,889,562$3,589,170
57$3,843,799$3,145,287$2,960,089$3,860,024
58$4,208,766$3,272,305$3,032,151$4,155,471
59$4,610,106$3,404,693$3,105,774$4,477,918
60$5,051,501$3,542,688$3,180,982$4,830,014
61$5,537,011$3,686,536$3,257,802$5,214,674
62$6,071,106$3,836,496$3,336,257$5,635,108
63$6,658,712$3,992,838$3,416,375$6,094,849
64$7,305,256$4,155,843$3,498,180$6,597,786
65$8,016,721$4,325,807$3,581,697$7,148,199
66$8,799,694$4,503,039$3,666,951$7,750,802
67$9,661,436$4,687,862$3,753,968$8,410,785
68$10,609,947$4,880,611$3,842,770$9,133,860
69$11,654,042$5,081,642$3,933,384$9,926,321
70$12,803,434$5,291,322$4,025,832$10,795,095
71$14,068,826$5,510,039$4,120,139$11,747,811
72$15,462,010$5,738,194$4,216,327$12,792,872
73$16,995,981$5,976,212$4,314,420$13,939,530
74$18,685,057$6,224,532$4,414,439$15,197,977
75$20,545,017$6,483,619$4,516,408$16,579,436
76$22,593,247$6,753,954$4,620,345$18,096,270
77$24,848,904$7,036,044$4,726,273$19,762,094
78$27,333,100$7,330,417$4,834,210$21,591,906
79$30,069,096$7,637,628$4,944,176$23,602,228
80$33,082,526$7,958,254$5,056,188$25,811,255
81$36,401,637$8,292,902$5,170,264$28,239,035
82$40,057,555$8,642,205$5,286,419$30,907,648
83$44,084,580$9,006,828$5,404,669$33,841,421
84$48,520,508$9,387,463$5,525,026$37,067,152
85$53,406,989$9,784,837$5,647,503$40,614,362
86$58,789,918$10,199,711$5,772,111$44,515,574
87$64,719,871$10,632,878$5,898,858$48,806,618
88$71,252,582$11,085,173$6,027,753$53,526,970
89$78,449,464$11,557,465$6,158,802$58,720,118
90$86,378,196$12,050,667$6,292,008$64,433,977
91$95,113,355$12,565,733$6,427,374$70,721,335
92$104,737,124$13,103,662$6,564,898$77,640,355
93$115,340,068$13,665,498$6,704,579$85,255,117
94$127,021,984$14,252,337$6,846,412$93,636,224
95$139,892,849$14,865,324$6,990,389$102,861,467
96$154,073,852$15,505,657$7,136,500$113,016,557
97$169,698,544$16,174,593$7,284,731$124,195,931
98$186,914,092$16,873,445$7,435,067$136,503,644
99$205,882,675$17,603,589$7,587,487$150,054,348
100$226,783,009$18,366,466$7,741,968$164,974,370