Can I retire at age 54 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$221,312$219,341$217,417$215,540$213,707$206,866
2 years$109,560$107,520$105,542$103,625$101,765$94,936
3 years$72,315$70,265$68,293$66,394$64,564$57,961
4 years$53,696$51,653$49,700$47,833$46,048$39,722
5 years$42,527$40,496$38,569$36,740$35,005$28,972
6 years$35,084$33,068$31,170$29,381$27,698$21,965
7 years$29,769$27,771$25,902$24,156$22,526$17,091
8 years$25,785$23,805$21,967$20,264$18,687$13,547
9 years$22,688$20,726$18,920$17,260$15,737$10,885
10 years$20,212$18,269$16,495$14,879$13,409$8,838
11 years$18,187$16,264$14,522$12,949$11,532$7,234
12 years$16,501$14,598$12,888$11,358$9,994$5,959
13 years$15,075$13,192$11,514$10,027$8,715$4,934
14 years$13,855$11,991$10,346$8,901$7,639$4,102
15 years$12,797$10,954$9,341$7,938$6,726$3,422
16 years$11,873$10,050$8,469$7,108$5,945$2,862
17 years$11,059$9,256$7,706$6,386$5,271$2,399
18 years$10,336$8,553$7,035$5,755$4,687$2,015
19 years$9,689$7,927$6,440$5,200$4,177$1,695
20 years$9,108$7,366$5,910$4,710$3,731$1,428
21 years$8,584$6,861$5,436$4,275$3,339$1,204
22 years$8,107$6,404$5,011$3,887$2,993$1,016
23 years$7,672$5,990$4,626$3,540$2,687$858
24 years$7,275$5,612$4,279$3,228$2,415$726
25 years$6,909$5,267$3,963$2,948$2,173$614
26 years$6,573$4,950$3,675$2,696$1,957$519
27 years$6,262$4,658$3,413$2,468$1,765$439
28 years$5,973$4,390$3,173$2,261$1,592$372
29 years$5,705$4,141$2,952$2,073$1,438$315
30 years$5,455$3,911$2,750$1,903$1,299$267
31 years$5,222$3,697$2,564$1,747$1,175$226
32 years$5,004$3,498$2,392$1,606$1,062$192
33 years$4,799$3,313$2,234$1,477$962$162
34 years$4,607$3,140$2,087$1,359$871$138
35 years$4,427$2,978$1,951$1,251$789$117
36 years$4,256$2,827$1,825$1,152$714$99
37 years$4,096$2,685$1,708$1,061$648$84
38 years$3,944$2,551$1,600$978$587$71
39 years$3,800$2,426$1,499$902$532$60
40 years$3,664$2,308$1,405$832$483$51
41 years$3,535$2,197$1,317$768$438$43
42 years$3,412$2,093$1,236$708$397$37
43 years$3,295$1,994$1,160$654$361$31
44 years$3,184$1,900$1,088$604$327$26
45 years$3,078$1,812$1,022$558$297$22
46 years$2,977$1,729$960$515$270$19
47 years$2,881$1,650$902$476$245$16
48 years$2,789$1,575$847$440$223$14
49 years$2,701$1,504$797$406$202$12
50 years$2,617$1,437$749$376$184$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,680,000, adding $5,491 every year, while hoping to spend $56,623 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: 75/10/15 Blend
53$2,680,000$2,680,000$2,680,000$2,680,000
54$2,959,024$2,816,984$2,775,444$3,170,909
55$3,200,598$2,894,770$2,808,175$3,389,500
56$3,464,915$2,974,469$2,840,105$3,621,432
57$3,754,234$3,056,117$2,871,146$3,874,101
58$4,071,045$3,139,745$2,901,209$4,149,553
59$4,418,088$3,225,389$2,930,196$4,450,041
60$4,798,381$3,313,081$2,958,005$4,778,049
61$5,215,248$3,402,854$2,984,530$5,136,310
62$5,672,349$3,494,739$3,009,657$5,527,836
63$6,173,716$3,588,769$3,033,269$5,955,944
64$6,723,791$3,684,975$3,055,239$6,424,289
65$7,327,465$3,783,386$3,075,437$6,936,896
66$7,990,125$3,884,031$3,093,723$7,498,201
67$8,717,708$3,986,938$3,109,952$8,113,090
68$9,516,750$4,092,134$3,123,972$8,786,945
69$10,394,455$4,199,645$3,135,621$9,525,697
70$11,358,756$4,309,494$3,144,731$10,335,881
71$12,418,394$4,421,704$3,151,125$11,224,695
72$13,582,998$4,536,295$3,154,615$12,200,071
73$14,863,176$4,653,286$3,155,007$13,270,749
74$16,270,615$4,772,693$3,152,095$14,446,359
75$17,818,193$4,894,530$3,145,665$15,737,511
76$19,520,095$5,018,808$3,135,491$17,155,897
77$21,391,950$5,145,535$3,121,336$18,714,400
78$23,450,980$5,274,718$3,102,952$20,427,214
79$25,716,159$5,406,357$3,080,079$22,309,982
80$28,208,391$5,540,452$3,052,446$24,379,940
81$30,950,710$5,676,998$3,019,765$26,656,080
82$33,968,494$5,815,983$2,981,740$29,159,331
83$37,289,709$5,957,394$2,938,056$31,912,755
84$40,945,164$6,101,212$2,888,387$34,941,767
85$44,968,812$6,247,412$2,832,388$38,274,369
86$49,398,059$6,395,963$2,769,701$41,941,423
87$54,274,126$6,546,831$2,699,952$45,976,935
88$59,642,432$6,699,970$2,622,745$50,418,378
89$65,553,024$6,855,333$2,537,671$55,307,047
90$72,061,049$7,012,861$2,444,300$60,688,451
91$79,227,274$7,172,489$2,342,181$66,612,735
92$87,118,657$7,334,142$2,230,846$73,135,162
93$95,808,983$7,497,738$2,109,802$80,316,629
94$105,379,555$7,663,183$1,978,536$88,224,246
95$115,919,964$7,830,373$1,836,512$96,931,964
96$127,528,933$7,999,194$1,683,168$106,521,282
97$140,315,249$8,169,520$1,517,918$117,082,006
98$154,398,788$8,341,209$1,340,152$128,713,106
99$169,911,646$8,514,110$1,149,228$141,523,645
100$186,999,387$8,688,055$944,481$155,633,811