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%12.9%
1 years$220,486$218,522$216,606$214,736$212,910$210,336
2 years$109,152$107,119$105,149$103,238$101,385$98,796
3 years$72,045$70,003$68,038$66,146$64,323$61,797
4 years$53,495$51,460$49,514$47,654$45,876$43,434
5 years$42,368$40,345$38,425$36,603$34,874$32,522
6 years$34,953$32,945$31,053$29,272$27,595$25,336
7 years$29,658$27,667$25,805$24,066$22,442$20,278
8 years$25,689$23,716$21,885$20,188$18,618$16,548
9 years$22,603$20,649$18,850$17,196$15,679$13,702
10 years$20,136$18,201$16,433$14,823$13,359$11,475
11 years$18,119$16,203$14,468$12,901$11,489$9,695
12 years$16,439$14,543$12,840$11,316$9,956$8,250
13 years$15,019$13,143$11,471$9,990$8,682$7,062
14 years$13,803$11,946$10,307$8,868$7,611$6,075
15 years$12,750$10,913$9,306$7,909$6,701$5,246
16 years$11,829$10,013$8,437$7,081$5,922$4,547
17 years$11,018$9,221$7,678$6,362$5,251$3,951
18 years$10,297$8,521$7,009$5,734$4,669$3,443
19 years$9,653$7,897$6,416$5,181$4,162$3,006
20 years$9,074$7,338$5,888$4,692$3,717$2,629
21 years$8,552$6,835$5,416$4,259$3,327$2,303
22 years$8,077$6,381$4,992$3,872$2,982$2,020
23 years$7,644$5,968$4,609$3,526$2,677$1,774
24 years$7,248$5,591$4,263$3,216$2,406$1,560
25 years$6,884$5,247$3,948$2,937$2,165$1,373
26 years$6,548$4,931$3,662$2,686$1,950$1,209
27 years$6,238$4,641$3,400$2,458$1,758$1,065
28 years$5,951$4,373$3,161$2,252$1,586$939
29 years$5,684$4,126$2,941$2,065$1,432$829
30 years$5,435$3,896$2,740$1,896$1,294$732
31 years$5,203$3,683$2,554$1,741$1,170$646
32 years$4,985$3,485$2,383$1,600$1,059$571
33 years$4,782$3,300$2,225$1,471$958$504
34 years$4,590$3,128$2,079$1,354$867$446
35 years$4,410$2,967$1,944$1,246$786$394
36 years$4,241$2,816$1,818$1,148$712$348
37 years$4,080$2,675$1,702$1,057$645$308
38 years$3,929$2,542$1,594$975$585$273
39 years$3,786$2,417$1,493$899$530$241
40 years$3,650$2,300$1,400$829$481$213
41 years$3,522$2,189$1,312$765$436$189
42 years$3,399$2,085$1,231$706$396$167
43 years$3,283$1,986$1,155$652$359$148
44 years$3,172$1,893$1,084$602$326$131
45 years$3,067$1,806$1,018$556$296$116
46 years$2,966$1,722$956$513$269$103
47 years$2,870$1,644$898$474$244$91
48 years$2,779$1,569$844$438$222$80
49 years$2,691$1,498$794$405$201$71
50 years$2,607$1,431$746$374$183$63

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 $5,141 every year, while hoping to spend $50,886 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: 71/14/15 Blend
53$2,670,000$2,670,000$2,670,000$2,670,000
54$2,947,643$2,806,133$2,764,748$3,146,561
55$3,194,160$2,889,491$2,803,225$3,362,660
56$3,464,117$2,975,228$2,841,285$3,592,515
57$3,759,850$3,063,408$2,878,861$3,842,826
58$4,083,933$3,154,093$2,915,881$4,115,605
59$4,439,200$3,247,350$2,952,270$4,413,068
60$4,828,775$3,343,246$2,987,947$4,737,656
61$5,256,094$3,441,849$3,022,827$5,092,055
62$5,724,946$3,543,230$3,056,822$5,479,226
63$6,239,501$3,647,459$3,089,836$5,902,428
64$6,804,356$3,754,610$3,121,771$6,365,253
65$7,424,570$3,864,757$3,152,521$6,871,654
66$8,105,722$3,977,975$3,181,976$7,425,990
67$8,853,951$4,094,342$3,210,018$8,033,059
68$9,676,026$4,213,936$3,236,525$8,698,148
69$10,579,400$4,336,838$3,261,368$9,427,082
70$11,572,285$4,463,130$3,284,411$10,226,277
71$12,663,729$4,592,894$3,305,509$11,102,801
72$13,863,699$4,726,215$3,324,513$12,064,443
73$15,183,176$4,863,180$3,341,264$13,119,784
74$16,634,260$5,003,875$3,355,596$14,278,276
75$18,230,279$5,148,390$3,367,334$15,550,336
76$19,985,922$5,296,815$3,376,293$16,947,440
77$21,917,368$5,449,242$3,382,282$18,482,232
78$24,042,448$5,605,763$3,385,096$20,168,644
79$26,380,806$5,766,473$3,384,525$22,022,029
80$28,954,086$5,931,468$3,380,345$24,059,300
81$31,786,138$6,100,845$3,372,321$26,299,097
82$34,903,238$6,274,701$3,360,208$28,761,956
83$38,334,343$6,453,136$3,343,750$31,470,507
84$42,111,356$6,636,250$3,322,676$34,449,685
85$46,269,433$6,824,144$3,296,703$37,726,968
86$50,847,309$7,016,921$3,265,536$41,332,634
87$55,887,667$7,214,683$3,228,865$45,300,046
88$61,437,541$7,417,534$3,186,364$49,665,968
89$67,548,756$7,625,579$3,137,693$54,470,913
90$74,278,419$7,838,923$3,082,496$59,759,524
91$81,689,458$8,057,670$3,020,400$65,580,994
92$89,851,215$8,281,928$2,951,015$71,989,532
93$98,840,098$8,511,801$2,873,933$79,044,876
94$108,740,304$8,747,396$2,788,726$86,812,853
95$119,644,615$8,988,818$2,694,948$95,366,004
96$131,655,269$9,236,173$2,592,132$104,784,264
97$144,884,927$9,489,566$2,479,789$115,155,723
98$159,457,736$9,749,102$2,357,408$126,577,453
99$175,510,499$10,014,882$2,224,456$139,156,423
100$193,193,969$10,287,010$2,080,374$153,010,515