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%12.7%
1 years$221,312$219,341$217,417$215,540$213,707$211,299
2 years$109,560$107,520$105,542$103,625$101,765$99,342
3 years$72,315$70,265$68,293$66,394$64,564$62,199
4 years$53,696$51,653$49,700$47,833$46,048$43,760
5 years$42,527$40,496$38,569$36,740$35,005$32,801
6 years$35,084$33,068$31,170$29,381$27,698$25,581
7 years$29,769$27,771$25,902$24,156$22,526$20,497
8 years$25,785$23,805$21,967$20,264$18,687$16,746
9 years$22,688$20,726$18,920$17,260$15,737$13,882
10 years$20,212$18,269$16,495$14,879$13,409$11,639
11 years$18,187$16,264$14,522$12,949$11,532$9,847
12 years$16,501$14,598$12,888$11,358$9,994$8,390
13 years$15,075$13,192$11,514$10,027$8,715$7,191
14 years$13,855$11,991$10,346$8,901$7,639$6,194
15 years$12,797$10,954$9,341$7,938$6,726$5,357
16 years$11,873$10,050$8,469$7,108$5,945$4,648
17 years$11,059$9,256$7,706$6,386$5,271$4,046
18 years$10,336$8,553$7,035$5,755$4,687$3,530
19 years$9,689$7,927$6,440$5,200$4,177$3,086
20 years$9,108$7,366$5,910$4,710$3,731$2,703
21 years$8,584$6,861$5,436$4,275$3,339$2,372
22 years$8,107$6,404$5,011$3,887$2,993$2,084
23 years$7,672$5,990$4,626$3,540$2,687$1,833
24 years$7,275$5,612$4,279$3,228$2,415$1,614
25 years$6,909$5,267$3,963$2,948$2,173$1,422
26 years$6,573$4,950$3,675$2,696$1,957$1,255
27 years$6,262$4,658$3,413$2,468$1,765$1,107
28 years$5,973$4,390$3,173$2,261$1,592$978
29 years$5,705$4,141$2,952$2,073$1,438$864
30 years$5,455$3,911$2,750$1,903$1,299$764
31 years$5,222$3,697$2,564$1,747$1,175$676
32 years$5,004$3,498$2,392$1,606$1,062$598
33 years$4,799$3,313$2,234$1,477$962$529
34 years$4,607$3,140$2,087$1,359$871$469
35 years$4,427$2,978$1,951$1,251$789$415
36 years$4,256$2,827$1,825$1,152$714$368
37 years$4,096$2,685$1,708$1,061$648$326
38 years$3,944$2,551$1,600$978$587$289
39 years$3,800$2,426$1,499$902$532$256
40 years$3,664$2,308$1,405$832$483$227
41 years$3,535$2,197$1,317$768$438$201
42 years$3,412$2,093$1,236$708$397$178
43 years$3,295$1,994$1,160$654$361$158
44 years$3,184$1,900$1,088$604$327$140
45 years$3,078$1,812$1,022$558$297$124
46 years$2,977$1,729$960$515$270$110
47 years$2,881$1,650$902$476$245$98
48 years$2,789$1,575$847$440$223$87
49 years$2,701$1,504$797$406$202$77
50 years$2,617$1,437$749$376$184$68

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 $3,615 every year, while hoping to spend $46,875 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: 58/15/27 Blend
53$2,680,000$2,680,000$2,680,000$2,680,000
54$2,957,089$2,815,049$2,773,509$3,106,653
55$3,208,837$2,903,112$2,816,547$3,297,477
56$3,484,693$2,993,918$2,859,455$3,500,173
57$3,787,065$3,087,554$2,902,181$3,720,216
58$4,118,608$3,184,107$2,944,666$3,959,299
59$4,482,244$3,283,666$2,986,850$4,219,288
60$4,881,193$3,386,325$3,028,669$4,502,237
61$5,318,999$3,492,179$3,070,055$4,810,408
62$5,799,569$3,601,329$3,110,934$5,146,294
63$6,327,206$3,713,874$3,151,231$5,512,640
64$6,906,648$3,829,921$3,190,864$5,912,467
65$7,543,116$3,949,577$3,229,748$6,349,108
66$8,242,362$4,072,954$3,267,792$6,826,229
67$9,010,721$4,200,167$3,304,901$7,347,872
68$9,855,173$4,331,334$3,340,974$7,918,489
69$10,783,408$4,466,577$3,375,904$8,542,985
70$11,803,898$4,606,021$3,409,579$9,226,763
71$12,925,976$4,749,797$3,441,880$9,975,776
72$14,159,925$4,898,037$3,472,683$10,796,583
73$15,517,076$5,050,879$3,501,857$11,696,411
74$17,009,910$5,208,464$3,529,261$12,683,222
75$18,652,182$5,370,940$3,554,752$13,765,789
76$20,459,044$5,538,455$3,578,176$14,953,778
77$22,447,192$5,711,165$3,599,371$16,257,841
78$24,635,023$5,889,230$3,618,167$17,689,714
79$27,042,807$6,072,814$3,634,387$19,262,328
80$29,692,878$6,262,086$3,647,844$20,989,934
81$32,609,845$6,457,222$3,658,340$22,888,234
82$35,820,823$6,658,400$3,665,669$24,974,529
83$39,355,692$6,865,806$3,669,613$27,267,886
84$43,247,374$7,079,632$3,669,946$29,789,314
85$47,532,145$7,300,073$3,666,428$32,561,965
86$52,249,979$7,527,332$3,658,809$35,611,350
87$57,444,923$7,761,617$3,646,826$38,965,582
88$63,165,513$8,003,145$3,630,202$42,655,641
89$69,465,232$8,252,135$3,608,650$46,715,664
90$76,403,012$8,508,816$3,581,866$51,183,271
91$84,043,794$8,773,423$3,549,533$56,099,918
92$92,459,137$9,046,197$3,511,319$61,511,289
93$101,727,896$9,327,387$3,466,875$67,467,726
94$111,936,963$9,617,251$3,415,838$74,024,707
95$123,182,089$9,916,052$3,357,824$81,243,368
96$135,568,786$10,224,062$3,292,434$89,191,078
97$149,213,323$10,541,562$3,219,252$97,942,081
98$164,243,822$10,868,839$3,137,837$107,578,191
99$180,801,472$11,206,192$3,047,734$118,189,568
100$199,041,851$11,553,925$2,948,463$129,875,568