Can I retire at age 54 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$222,138$220,159$218,229$216,344$214,504$208,474
2 years$109,969$107,921$105,936$104,012$102,145$96,115
3 years$72,585$70,528$68,548$66,641$64,805$58,965
4 years$53,896$51,845$49,885$48,011$46,219$40,614
5 years$42,686$40,647$38,713$36,877$35,135$29,780
6 years$35,215$33,192$31,286$29,491$27,801$22,701
7 years$29,880$27,874$25,999$24,246$22,610$17,764
8 years$25,881$23,893$22,049$20,340$18,757$14,164
9 years$22,773$20,803$18,991$17,325$15,796$11,450
10 years$20,287$18,337$16,557$14,934$13,459$9,356
11 years$18,255$16,325$14,576$12,997$11,575$7,707
12 years$16,562$14,652$12,936$11,400$10,031$6,391
13 years$15,132$13,241$11,557$10,065$8,747$5,327
14 years$13,906$12,036$10,384$8,934$7,668$4,460
15 years$12,845$10,995$9,376$7,968$6,751$3,746
16 years$11,918$10,088$8,500$7,134$5,967$3,156
17 years$11,100$9,290$7,735$6,410$5,291$2,665
18 years$10,374$8,585$7,061$5,777$4,704$2,255
19 years$9,726$7,956$6,464$5,220$4,193$1,912
20 years$9,142$7,393$5,932$4,728$3,745$1,623
21 years$8,616$6,887$5,457$4,291$3,352$1,379
22 years$8,137$6,428$5,029$3,901$3,004$1,173
23 years$7,701$6,012$4,644$3,553$2,697$998
24 years$7,302$5,633$4,295$3,240$2,424$851
25 years$6,935$5,286$3,978$2,959$2,181$725
26 years$6,597$4,968$3,689$2,706$1,965$618
27 years$6,285$4,676$3,426$2,477$1,771$528
28 years$5,995$4,406$3,185$2,269$1,598$450
29 years$5,726$4,157$2,963$2,081$1,443$385
30 years$5,476$3,925$2,760$1,910$1,304$328
31 years$5,242$3,711$2,573$1,754$1,179$281
32 years$5,023$3,511$2,401$1,612$1,066$240
33 years$4,817$3,325$2,242$1,482$965$205
34 years$4,625$3,152$2,095$1,364$874$175
35 years$4,443$2,989$1,958$1,256$791$150
36 years$4,272$2,837$1,832$1,156$717$128
37 years$4,111$2,695$1,715$1,065$650$109
38 years$3,959$2,561$1,606$982$589$94
39 years$3,814$2,435$1,504$905$534$80
40 years$3,678$2,317$1,410$835$485$68
41 years$3,548$2,205$1,322$771$440$59
42 years$3,425$2,100$1,240$711$399$50
43 years$3,308$2,001$1,164$656$362$43
44 years$3,196$1,908$1,092$606$329$37
45 years$3,090$1,819$1,026$560$298$31
46 years$2,989$1,735$963$517$271$27
47 years$2,892$1,656$905$478$246$23
48 years$2,799$1,581$851$441$223$20
49 years$2,711$1,510$799$408$203$17
50 years$2,626$1,442$752$377$184$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,690,000, adding $4,181 every year, while hoping to spend $33,348 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: 45/26/29 Blend
53$2,690,000$2,690,000$2,690,000$2,690,000
54$2,968,693$2,826,123$2,784,428$3,077,211
55$3,236,017$2,929,121$2,842,224$3,257,912
56$3,529,491$3,036,048$2,900,839$3,450,253
57$3,851,747$3,147,062$2,960,264$3,658,227
58$4,205,683$3,262,326$3,020,491$3,883,314
59$4,594,495$3,382,011$3,081,509$4,127,140
60$5,021,699$3,506,296$3,143,306$4,391,496
61$5,491,174$3,635,366$3,205,868$4,678,351
62$6,007,188$3,769,414$3,269,179$4,989,870
63$6,574,447$3,908,641$3,333,223$5,328,437
64$7,198,135$4,053,258$3,397,980$5,696,672
65$7,883,961$4,203,484$3,463,428$6,097,463
66$8,638,217$4,359,546$3,529,545$6,533,983
67$9,467,835$4,521,684$3,596,305$7,009,729
68$10,380,452$4,690,145$3,663,679$7,528,546
69$11,384,484$4,865,188$3,731,638$8,094,669
70$12,489,202$5,047,082$3,800,148$8,712,760
71$13,704,821$5,236,110$3,869,174$9,387,950
72$15,042,597$5,432,564$3,938,676$10,125,891
73$16,514,933$5,636,750$4,008,612$10,932,802
74$18,135,494$5,848,989$4,078,939$11,815,536
75$19,919,337$6,069,612$4,149,606$12,781,634
76$21,883,054$6,298,968$4,220,562$13,839,405
77$24,044,927$6,537,418$4,291,752$14,997,996
78$26,425,099$6,785,342$4,363,116$16,267,481
79$29,045,768$7,043,132$4,434,589$17,658,958
80$31,931,392$7,311,201$4,506,103$19,184,647
81$35,108,923$7,589,979$4,577,587$20,858,010
82$38,608,059$7,879,914$4,648,962$22,693,871
83$42,461,524$8,181,473$4,720,146$24,708,563
84$46,705,380$8,495,146$4,791,050$26,920,075
85$51,379,361$8,821,440$4,861,583$29,348,224
86$56,527,255$9,160,890$4,931,645$32,014,838
87$62,197,310$9,514,049$5,001,130$34,943,965
88$68,442,696$9,881,497$5,069,928$38,162,095
89$75,322,000$10,263,840$5,137,921$41,698,414
90$82,899,786$10,661,710$5,204,982$45,585,071
91$91,247,196$11,075,766$5,270,981$49,857,488
92$100,442,629$11,506,697$5,335,778$54,554,689
93$110,572,474$11,955,222$5,399,224$59,719,667
94$121,731,932$12,422,093$5,461,163$65,399,789
95$134,025,908$12,908,095$5,521,431$71,647,243
96$147,570,005$13,414,046$5,579,853$78,519,528
97$162,491,614$13,940,803$5,636,247$86,079,996
98$178,931,115$14,489,258$5,690,418$94,398,447
99$197,043,204$15,060,347$5,742,162$103,551,789
100$216,998,351$15,655,045$5,791,265$113,624,761