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

Use the below retirement simulation to view the chances of a successful retirement.
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%18%
1 years$222,138$220,159$218,229$216,344$214,504$207,555
2 years$109,969$107,921$105,936$104,012$102,145$95,209
3 years$72,585$70,528$68,548$66,641$64,805$58,100
4 years$53,896$51,845$49,885$48,011$46,219$39,796
5 years$42,686$40,647$38,713$36,877$35,135$29,012
6 years$35,215$33,192$31,286$29,491$27,801$21,982
7 years$29,880$27,874$25,999$24,246$22,610$17,095
8 years$25,881$23,893$22,049$20,340$18,757$13,542
9 years$22,773$20,803$18,991$17,325$15,796$10,875
10 years$20,287$18,337$16,557$14,934$13,459$8,824
11 years$18,255$16,325$14,576$12,997$11,575$7,218
12 years$16,562$14,652$12,936$11,400$10,031$5,942
13 years$15,132$13,241$11,557$10,065$8,747$4,916
14 years$13,906$12,036$10,384$8,934$7,668$4,084
15 years$12,845$10,995$9,376$7,968$6,751$3,404
16 years$11,918$10,088$8,500$7,134$5,967$2,846
17 years$11,100$9,290$7,735$6,410$5,291$2,384
18 years$10,374$8,585$7,061$5,777$4,704$2,001
19 years$9,726$7,956$6,464$5,220$4,193$1,682
20 years$9,142$7,393$5,932$4,728$3,745$1,416
21 years$8,616$6,887$5,457$4,291$3,352$1,193
22 years$8,137$6,428$5,029$3,901$3,004$1,006
23 years$7,701$6,012$4,644$3,553$2,697$849
24 years$7,302$5,633$4,295$3,240$2,424$717
25 years$6,935$5,286$3,978$2,959$2,181$606
26 years$6,597$4,968$3,689$2,706$1,965$512
27 years$6,285$4,676$3,426$2,477$1,771$433
28 years$5,995$4,406$3,185$2,269$1,598$366
29 years$5,726$4,157$2,963$2,081$1,443$310
30 years$5,476$3,925$2,760$1,910$1,304$262
31 years$5,242$3,711$2,573$1,754$1,179$222
32 years$5,023$3,511$2,401$1,612$1,066$188
33 years$4,817$3,325$2,242$1,482$965$159
34 years$4,625$3,152$2,095$1,364$874$135
35 years$4,443$2,989$1,958$1,256$791$114
36 years$4,272$2,837$1,832$1,156$717$97
37 years$4,111$2,695$1,715$1,065$650$82
38 years$3,959$2,561$1,606$982$589$69
39 years$3,814$2,435$1,504$905$534$59
40 years$3,678$2,317$1,410$835$485$50
41 years$3,548$2,205$1,322$771$440$42
42 years$3,425$2,100$1,240$711$399$36
43 years$3,308$2,001$1,164$656$362$30
44 years$3,196$1,908$1,092$606$329$26
45 years$3,090$1,819$1,026$560$298$22
46 years$2,989$1,735$963$517$271$18
47 years$2,892$1,656$905$478$246$16
48 years$2,799$1,581$851$441$223$13
49 years$2,711$1,510$799$408$203$11
50 years$2,626$1,442$752$377$184$10

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 $5,848 every year, while hoping to spend $30,773 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: 52/20/28 Blend
53$2,690,000$2,690,000$2,690,000$2,690,000
54$2,970,412$2,827,842$2,786,147$3,101,266
55$3,240,652$2,933,664$2,846,741$3,298,661
56$3,537,425$3,043,640$2,908,333$3,509,694
57$3,863,405$3,157,941$2,970,925$3,738,664
58$4,221,537$3,276,745$3,034,516$3,987,294
59$4,615,067$3,400,239$3,099,105$4,257,484
60$5,047,570$3,528,616$3,164,691$4,551,323
61$5,522,983$3,662,080$3,231,269$4,871,107
62$6,045,646$3,800,841$3,298,836$5,219,368
63$6,620,339$3,945,119$3,367,384$5,598,889
64$7,252,330$4,095,146$3,436,907$6,012,735
65$7,947,419$4,251,160$3,507,396$6,464,277
66$8,712,002$4,413,412$3,578,839$6,957,230
67$9,553,121$4,582,165$3,651,225$7,495,681
68$10,478,538$4,757,689$3,724,540$8,084,131
69$11,496,804$4,940,271$3,798,767$8,727,535
70$12,617,341$5,130,207$3,873,889$9,431,350
71$13,850,530$5,327,808$3,949,885$10,201,584
72$15,207,811$5,533,397$4,026,732$11,044,853
73$16,701,787$5,747,313$4,104,407$11,968,444
74$18,346,346$5,969,908$4,182,881$12,980,381
75$20,156,790$6,201,551$4,262,125$14,089,503
76$22,149,983$6,442,626$4,342,106$15,305,543
77$24,344,502$6,693,536$4,422,788$16,639,222
78$26,760,822$6,954,701$4,504,132$18,102,349
79$29,421,502$7,226,557$4,586,097$19,707,932
80$32,351,401$7,509,563$4,668,636$21,470,297
81$35,577,909$7,804,197$4,751,701$23,405,229
82$39,131,211$8,110,959$4,835,238$25,530,113
83$43,044,567$8,430,368$4,919,191$27,864,101
84$47,354,628$8,762,971$5,003,499$30,428,293
85$52,101,780$9,109,336$5,088,096$33,245,931
86$57,330,525$9,470,058$5,172,911$36,342,624
87$63,089,906$9,845,758$5,257,871$39,746,582
88$69,433,961$10,237,084$5,342,894$43,488,884
89$76,422,239$10,644,716$5,427,895$47,603,773
90$84,120,361$11,069,360$5,512,783$52,128,974
91$92,600,638$11,511,759$5,597,461$57,106,052
92$101,942,752$11,972,685$5,681,826$62,580,800
93$112,234,514$12,452,947$5,765,768$68,603,676
94$123,572,683$12,953,390$5,849,170$75,230,271
95$136,063,889$13,474,898$5,931,909$82,521,836
96$149,825,631$14,018,394$6,013,854$90,545,861
97$164,987,393$14,584,843$6,094,865$99,376,707
98$181,691,860$15,175,253$6,174,797$109,096,308
99$200,096,269$15,790,680$6,253,492$119,794,942
100$220,373,891$16,432,226$6,330,786$131,572,086