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

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$220,486$218,522$216,606$214,736$212,910$208,953
2 years$109,152$107,119$105,149$103,238$101,385$97,414
3 years$72,045$70,003$68,038$66,146$64,323$60,460
4 years$53,495$51,460$49,514$47,654$45,876$42,152
5 years$42,368$40,345$38,425$36,603$34,874$31,299
6 years$34,953$32,945$31,053$29,272$27,595$24,173
7 years$29,658$27,667$25,805$24,066$22,442$19,175
8 years$25,689$23,716$21,885$20,188$18,618$15,504
9 years$22,603$20,649$18,850$17,196$15,679$12,716
10 years$20,136$18,201$16,433$14,823$13,359$10,546
11 years$18,119$16,203$14,468$12,901$11,489$8,821
12 years$16,439$14,543$12,840$11,316$9,956$7,430
13 years$15,019$13,143$11,471$9,990$8,682$6,294
14 years$13,803$11,946$10,307$8,868$7,611$5,356
15 years$12,750$10,913$9,306$7,909$6,701$4,575
16 years$11,829$10,013$8,437$7,081$5,922$3,921
17 years$11,018$9,221$7,678$6,362$5,251$3,369
18 years$10,297$8,521$7,009$5,734$4,669$2,902
19 years$9,653$7,897$6,416$5,181$4,162$2,504
20 years$9,074$7,338$5,888$4,692$3,717$2,164
21 years$8,552$6,835$5,416$4,259$3,327$1,873
22 years$8,077$6,381$4,992$3,872$2,982$1,623
23 years$7,644$5,968$4,609$3,526$2,677$1,408
24 years$7,248$5,591$4,263$3,216$2,406$1,223
25 years$6,884$5,247$3,948$2,937$2,165$1,062
26 years$6,548$4,931$3,662$2,686$1,950$924
27 years$6,238$4,641$3,400$2,458$1,758$804
28 years$5,951$4,373$3,161$2,252$1,586$699
29 years$5,684$4,126$2,941$2,065$1,432$609
30 years$5,435$3,896$2,740$1,896$1,294$531
31 years$5,203$3,683$2,554$1,741$1,170$462
32 years$4,985$3,485$2,383$1,600$1,059$403
33 years$4,782$3,300$2,225$1,471$958$351
34 years$4,590$3,128$2,079$1,354$867$306
35 years$4,410$2,967$1,944$1,246$786$267
36 years$4,241$2,816$1,818$1,148$712$233
37 years$4,080$2,675$1,702$1,057$645$203
38 years$3,929$2,542$1,594$975$585$178
39 years$3,786$2,417$1,493$899$530$155
40 years$3,650$2,300$1,400$829$481$135
41 years$3,522$2,189$1,312$765$436$118
42 years$3,399$2,085$1,231$706$396$103
43 years$3,283$1,986$1,155$652$359$90
44 years$3,172$1,893$1,084$602$326$79
45 years$3,067$1,806$1,018$556$296$69
46 years$2,966$1,722$956$513$269$60
47 years$2,870$1,644$898$474$244$52
48 years$2,779$1,569$844$438$222$46
49 years$2,691$1,498$794$405$201$40
50 years$2,607$1,431$746$374$183$35

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 $3,458 every year, while hoping to spend $23,058 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: 52/36/12 Blend
53$2,670,000$2,670,000$2,670,000$2,670,000
54$2,945,907$2,804,397$2,763,012$3,089,577
55$3,221,856$2,917,279$2,831,039$3,300,872
56$3,525,179$3,034,919$2,900,573$3,527,795
57$3,858,644$3,157,527$2,971,638$3,774,058
58$4,225,300$3,285,320$3,044,263$4,041,495
59$4,628,506$3,418,527$3,118,471$4,332,119
60$5,071,965$3,557,386$3,194,292$4,648,146
61$5,559,754$3,702,146$3,271,749$4,992,010
62$6,096,367$3,853,069$3,350,871$5,366,387
63$6,686,754$4,010,427$3,431,682$5,774,221
64$7,336,370$4,174,506$3,514,211$6,218,749
65$8,051,226$4,345,602$3,598,483$6,703,531
66$8,837,943$4,524,028$3,684,524$7,232,481
67$9,703,818$4,710,111$3,772,360$7,809,909
68$10,656,891$4,904,190$3,862,018$8,440,553
69$11,706,021$5,106,622$3,953,523$9,129,628
70$12,860,969$5,317,781$4,046,900$9,882,871
71$14,132,491$5,538,055$4,142,174$10,706,596
72$15,532,439$5,767,854$4,239,371$11,607,753
73$17,073,873$6,007,604$4,338,515$12,593,989
74$18,771,182$6,257,750$4,439,629$13,673,722
75$20,640,224$6,518,761$4,542,738$14,856,217
76$22,698,471$6,791,125$4,647,864$16,151,675
77$24,965,177$7,075,352$4,755,029$17,571,325
78$27,461,558$7,371,977$4,864,255$19,127,529
79$30,210,992$7,681,560$4,975,564$20,833,898
80$33,239,242$8,004,685$5,088,974$22,705,419
81$36,574,696$8,341,965$5,204,506$24,758,591
82$40,248,635$8,694,042$5,322,177$27,011,586
83$44,295,531$9,061,585$5,442,004$29,484,412
84$48,753,368$9,445,295$5,564,005$32,199,104
85$53,664,005$9,845,908$5,688,192$35,179,926
86$59,073,567$10,264,191$5,814,580$38,453,603
87$65,032,883$10,700,949$5,943,181$42,049,567
88$71,597,965$11,157,023$6,074,005$46,000,234
89$78,830,534$11,633,295$6,207,062$50,341,307
90$86,798,608$12,130,685$6,342,357$55,112,111
91$95,577,136$12,650,159$6,479,897$60,355,962
92$105,248,714$13,192,727$6,619,683$66,120,571
93$115,904,359$13,759,446$6,761,718$72,458,495
94$127,644,368$14,351,423$6,906,000$79,427,625
95$140,579,267$14,969,817$7,052,525$87,091,736
96$154,830,854$15,615,840$7,201,287$95,521,078
97$170,533,347$16,290,762$7,352,276$104,793,044
98$187,834,651$16,995,912$7,505,480$114,992,889
99$206,897,756$17,732,682$7,660,883$126,214,536
100$227,902,272$18,502,528$7,818,468$138,561,459