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

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$165,158$163,687$162,252$160,851$159,483$153,885
2 years$81,761$80,239$78,763$77,332$75,944$70,364
3 years$53,966$52,437$50,965$49,547$48,182$42,794
4 years$40,071$38,547$37,089$35,696$34,364$29,209
5 years$31,737$30,221$28,783$27,418$26,123$21,215
6 years$26,182$24,678$23,261$21,926$20,670$16,013
7 years$22,216$20,724$19,330$18,027$16,810$12,403
8 years$19,243$17,765$16,393$15,122$13,946$9,785
9 years$16,931$15,467$14,120$12,881$11,744$7,824
10 years$15,083$13,634$12,310$11,103$10,007$6,321
11 years$13,572$12,137$10,837$9,663$8,606$5,147
12 years$12,314$10,894$9,618$8,476$7,458$4,217
13 years$11,250$9,845$8,593$7,483$6,503$3,473
14 years$10,339$8,949$7,721$6,643$5,701$2,871
15 years$9,550$8,175$6,971$5,924$5,020$2,381
16 years$8,861$7,500$6,320$5,304$4,436$1,980
17 years$8,253$6,907$5,751$4,766$3,934$1,650
18 years$7,713$6,383$5,250$4,295$3,497$1,378
19 years$7,231$5,915$4,806$3,881$3,117$1,152
20 years$6,797$5,497$4,411$3,515$2,785$965
21 years$6,406$5,120$4,057$3,190$2,492$808
22 years$6,050$4,779$3,739$2,900$2,234$678
23 years$5,726$4,470$3,452$2,642$2,005$569
24 years$5,429$4,188$3,193$2,409$1,802$478
25 years$5,156$3,930$2,957$2,200$1,622$402
26 years$4,905$3,694$2,743$2,012$1,461$338
27 years$4,673$3,476$2,547$1,841$1,317$284
28 years$4,458$3,276$2,368$1,687$1,188$239
29 years$4,258$3,090$2,203$1,547$1,073$201
30 years$4,071$2,919$2,052$1,420$970$169
31 years$3,897$2,759$1,913$1,304$877$142
32 years$3,734$2,611$1,785$1,198$793$120
33 years$3,582$2,472$1,667$1,102$718$101
34 years$3,438$2,343$1,557$1,014$650$85
35 years$3,304$2,222$1,456$933$588$72
36 years$3,176$2,109$1,362$860$533$60
37 years$3,057$2,003$1,275$792$483$51
38 years$2,943$1,904$1,194$730$438$43
39 years$2,836$1,811$1,119$673$397$36
40 years$2,734$1,723$1,048$621$360$30
41 years$2,638$1,640$983$573$327$26
42 years$2,546$1,562$922$529$297$21
43 years$2,459$1,488$865$488$269$18
44 years$2,376$1,418$812$451$244$15
45 years$2,297$1,352$763$416$222$13
46 years$2,222$1,290$716$384$201$11
47 years$2,150$1,231$673$355$183$9
48 years$2,081$1,175$632$328$166$8
49 years$2,016$1,122$594$303$151$6
50 years$1,953$1,072$559$280$137$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,000,000, adding $6,520 every year, while hoping to spend $44,874 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: 59/16/25 Blend
53$2,000,000$2,000,000$2,000,000$2,000,000
54$2,210,725$2,104,725$2,073,725$2,325,912
55$2,388,474$2,160,111$2,095,450$2,460,550
56$2,582,849$2,216,707$2,116,398$2,601,955
57$2,795,498$2,274,525$2,136,496$2,755,231
58$3,028,238$2,333,575$2,155,667$2,921,541
59$3,283,066$2,393,869$2,173,830$3,102,164
60$3,562,185$2,455,414$2,190,899$3,298,511
61$3,868,017$2,518,219$2,206,784$3,512,136
62$4,203,232$2,582,289$2,221,389$3,744,752
63$4,570,771$2,647,630$2,234,614$3,998,245
64$4,973,871$2,714,246$2,246,355$4,274,694
65$5,416,099$2,782,137$2,256,502$4,576,391
66$5,901,384$2,851,304$2,264,937$4,905,858
67$6,434,052$2,921,745$2,271,539$5,265,879
68$7,018,870$2,993,456$2,276,181$5,659,518
69$7,661,089$3,066,429$2,278,727$6,090,153
70$8,366,492$3,140,656$2,279,037$6,561,508
71$9,141,452$3,216,126$2,276,962$7,077,685
72$9,992,987$3,292,823$2,272,347$7,643,205
73$10,928,831$3,370,731$2,265,030$8,263,052
74$11,957,502$3,449,827$2,254,839$8,942,717
75$13,088,387$3,530,088$2,241,595$9,688,252
76$14,331,825$3,611,485$2,225,112$10,506,327
77$15,699,210$3,693,986$2,205,191$11,404,293
78$17,203,092$3,777,554$2,181,628$12,390,253
79$18,857,300$3,862,147$2,154,206$13,473,133
80$20,677,072$3,947,720$2,122,699$14,662,777
81$22,679,195$4,034,220$2,086,871$15,970,028
82$24,882,166$4,121,590$2,046,474$17,406,839
83$27,306,366$4,209,766$2,001,250$18,986,385
84$29,974,250$4,298,679$1,950,926$20,723,184
85$32,910,560$4,388,252$1,895,219$22,633,238
86$36,142,561$4,478,400$1,833,833$24,734,182
87$39,700,293$4,569,032$1,766,457$27,045,451
88$43,616,855$4,660,047$1,692,766$29,588,468
89$47,928,722$4,751,337$1,612,421$32,386,840
90$52,676,082$4,842,783$1,525,067$35,466,587
91$57,903,220$4,934,256$1,430,334$38,856,384
92$63,658,932$5,025,619$1,327,834$42,587,834
93$69,996,988$5,116,719$1,217,162$46,695,769
94$76,976,640$5,207,397$1,097,895$51,218,576
95$84,663,174$5,297,476$969,591$56,198,560
96$93,128,534$5,386,769$831,790$61,682,348
97$102,451,998$5,475,074$684,007$67,721,325
98$112,720,921$5,562,173$525,742$74,372,123
99$124,031,568$5,647,832$356,467$81,697,156
100$136,490,014$5,731,802$175,634$89,765,209