Can I retire at age 54 with 2,670,000?

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 $2,670,000?

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$220,486$218,522$216,606$214,736$212,910$208,101
2 years$109,152$107,119$105,149$103,238$101,385$96,566
3 years$72,045$70,003$68,038$66,146$64,323$59,644
4 years$53,495$51,460$49,514$47,654$45,876$41,373
5 years$42,368$40,345$38,425$36,603$34,874$30,561
6 years$34,953$32,945$31,053$29,272$27,595$23,475
7 years$29,658$27,667$25,805$24,066$22,442$18,516
8 years$25,689$23,716$21,885$20,188$18,618$14,885
9 years$22,603$20,649$18,850$17,196$15,679$12,136
10 years$20,136$18,201$16,433$14,823$13,359$10,002
11 years$18,119$16,203$14,468$12,901$11,489$8,314
12 years$16,439$14,543$12,840$11,316$9,956$6,957
13 years$15,019$13,143$11,471$9,990$8,682$5,854
14 years$13,803$11,946$10,307$8,868$7,611$4,948
15 years$12,750$10,913$9,306$7,909$6,701$4,198
16 years$11,829$10,013$8,437$7,081$5,922$3,572
17 years$11,018$9,221$7,678$6,362$5,251$3,047
18 years$10,297$8,521$7,009$5,734$4,669$2,605
19 years$9,653$7,897$6,416$5,181$4,162$2,232
20 years$9,074$7,338$5,888$4,692$3,717$1,914
21 years$8,552$6,835$5,416$4,259$3,327$1,644
22 years$8,077$6,381$4,992$3,872$2,982$1,414
23 years$7,644$5,968$4,609$3,526$2,677$1,217
24 years$7,248$5,591$4,263$3,216$2,406$1,048
25 years$6,884$5,247$3,948$2,937$2,165$904
26 years$6,548$4,931$3,662$2,686$1,950$780
27 years$6,238$4,641$3,400$2,458$1,758$673
28 years$5,951$4,373$3,161$2,252$1,586$581
29 years$5,684$4,126$2,941$2,065$1,432$502
30 years$5,435$3,896$2,740$1,896$1,294$433
31 years$5,203$3,683$2,554$1,741$1,170$375
32 years$4,985$3,485$2,383$1,600$1,059$324
33 years$4,782$3,300$2,225$1,471$958$280
34 years$4,590$3,128$2,079$1,354$867$242
35 years$4,410$2,967$1,944$1,246$786$209
36 years$4,241$2,816$1,818$1,148$712$181
37 years$4,080$2,675$1,702$1,057$645$157
38 years$3,929$2,542$1,594$975$585$136
39 years$3,786$2,417$1,493$899$530$117
40 years$3,650$2,300$1,400$829$481$102
41 years$3,522$2,189$1,312$765$436$88
42 years$3,399$2,085$1,231$706$396$76
43 years$3,283$1,986$1,155$652$359$66
44 years$3,172$1,893$1,084$602$326$57
45 years$3,067$1,806$1,018$556$296$49
46 years$2,966$1,722$956$513$269$43
47 years$2,870$1,644$898$474$244$37
48 years$2,779$1,569$844$438$222$32
49 years$2,691$1,498$794$405$201$28
50 years$2,607$1,431$746$374$183$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,670,000, adding $5,826 every year, while hoping to spend $32,720 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: 79/11/10 Blend
53$2,670,000$2,670,000$2,670,000$2,670,000
54$2,948,350$2,806,840$2,765,455$3,175,928
55$3,214,267$2,909,561$2,823,283$3,428,907
56$3,506,212$3,016,219$2,881,953$3,701,537
57$3,826,804$3,126,972$2,941,457$3,999,669
58$4,178,930$3,241,985$3,001,787$4,325,833
59$4,565,769$3,361,430$3,062,935$4,682,817
60$4,990,823$3,485,487$3,124,890$5,073,690
61$5,457,953$3,614,342$3,187,639$5,501,832
62$5,971,410$3,748,189$3,251,170$5,970,965
63$6,535,876$3,887,233$3,315,467$6,485,189
64$7,156,512$4,031,685$3,380,512$7,049,019
65$7,839,004$4,181,764$3,446,287$7,667,428
66$8,589,614$4,337,703$3,512,769$8,345,892
67$9,415,244$4,499,740$3,579,936$9,090,446
68$10,323,497$4,668,125$3,647,762$9,907,735
69$11,322,751$4,843,120$3,716,220$10,805,080
70$12,422,236$5,024,998$3,785,277$11,790,544
71$13,632,122$5,214,040$3,854,902$12,873,012
72$14,963,615$5,410,545$3,925,058$14,062,270
73$16,429,062$5,614,821$3,995,706$15,369,098
74$18,042,069$5,827,189$4,066,805$16,805,374
75$19,817,626$6,047,987$4,138,308$18,384,182
76$21,772,250$6,277,564$4,210,168$20,119,938
77$23,924,142$6,516,288$4,282,331$22,028,525
78$26,293,358$6,764,539$4,354,742$24,127,440
79$28,901,996$7,022,717$4,427,342$26,435,962
80$31,774,406$7,291,237$4,500,064$28,975,332
81$34,937,421$7,570,533$4,572,842$31,768,952
82$38,420,607$7,861,059$4,645,602$34,842,607
83$42,256,545$8,163,287$4,718,265$38,224,708
84$46,481,135$8,477,710$4,790,750$41,946,558
85$51,133,938$8,804,845$4,862,967$46,042,647
86$56,258,546$9,145,229$4,934,822$50,550,980
87$61,902,996$9,499,423$5,006,217$55,513,430
88$68,120,221$9,868,014$5,077,045$60,976,138
89$74,968,551$10,251,614$5,147,193$66,989,943
90$82,512,263$10,650,863$5,216,544$73,610,866
91$90,822,187$11,066,429$5,284,971$80,900,633
92$99,976,373$11,499,007$5,352,341$88,927,262
93$110,060,832$11,949,327$5,418,514$97,765,700
94$121,170,342$12,418,149$5,483,339$107,498,533
95$133,409,346$12,906,268$5,546,660$118,216,762
96$146,892,937$13,414,513$5,608,311$130,020,663
97$161,747,943$13,943,750$5,668,116$143,020,733
98$178,114,125$14,494,886$5,725,890$157,338,731
99$196,145,497$15,068,866$5,781,438$173,108,826
100$216,011,776$15,666,679$5,834,554$190,478,866