Can I retire at age 54 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$165,984$164,505$163,063$161,655$160,280$159,404
2 years$82,170$80,640$79,157$77,719$76,324$75,440
3 years$54,236$52,699$51,220$49,795$48,423$47,558
4 years$40,272$38,739$37,275$35,875$34,536$33,697
5 years$31,895$30,372$28,927$27,555$26,253$25,443
6 years$26,313$24,801$23,377$22,036$20,773$19,993
7 years$22,327$20,828$19,427$18,117$16,894$16,144
8 years$19,339$17,853$16,475$15,198$14,016$13,295
9 years$17,016$15,545$14,190$12,945$11,803$11,112
10 years$15,159$13,702$12,371$11,159$10,057$9,396
11 years$13,640$12,198$10,891$9,712$8,649$8,017
12 years$12,376$10,948$9,666$8,518$7,495$6,892
13 years$11,307$9,894$8,636$7,520$6,536$5,961
14 years$10,391$8,993$7,759$6,676$5,729$5,181
15 years$9,598$8,216$7,006$5,954$5,045$4,523
16 years$8,905$7,538$6,352$5,331$4,458$3,963
17 years$8,294$6,942$5,780$4,790$3,953$3,483
18 years$7,752$6,415$5,276$4,317$3,515$3,069
19 years$7,267$5,945$4,830$3,900$3,133$2,710
20 years$6,831$5,524$4,433$3,533$2,798$2,399
21 years$6,438$5,146$4,077$3,206$2,504$2,126
22 years$6,080$4,803$3,758$2,915$2,245$1,888
23 years$5,754$4,492$3,470$2,655$2,015$1,678
24 years$5,456$4,209$3,209$2,421$1,811$1,494
25 years$5,182$3,950$2,972$2,211$1,630$1,331
26 years$4,930$3,712$2,756$2,022$1,468$1,187
27 years$4,696$3,494$2,560$1,851$1,324$1,059
28 years$4,480$3,292$2,380$1,696$1,194$946
29 years$4,279$3,106$2,214$1,555$1,078$846
30 years$4,091$2,933$2,063$1,427$974$756
31 years$3,917$2,773$1,923$1,311$881$676
32 years$3,753$2,624$1,794$1,204$797$605
33 years$3,600$2,485$1,675$1,108$721$542
34 years$3,456$2,355$1,565$1,019$653$486
35 years$3,320$2,234$1,463$938$591$435
36 years$3,192$2,120$1,369$864$536$390
37 years$3,072$2,013$1,281$796$486$350
38 years$2,958$1,914$1,200$734$440$314
39 years$2,850$1,820$1,124$677$399$281
40 years$2,748$1,731$1,054$624$362$252
41 years$2,651$1,648$988$576$329$226
42 years$2,559$1,569$927$531$298$203
43 years$2,471$1,495$870$490$271$182
44 years$2,388$1,425$816$453$246$164
45 years$2,309$1,359$766$418$223$147
46 years$2,233$1,297$720$386$202$132
47 years$2,161$1,237$676$357$184$118
48 years$2,092$1,181$636$330$167$106
49 years$2,026$1,128$597$305$152$95
50 years$1,962$1,078$562$282$138$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,010,000, adding $6,026 every year, while hoping to spend $47,388 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: 64/31/5 Blend
53$2,010,000$2,010,000$2,010,000$2,010,000
54$2,221,236$2,114,706$2,083,551$2,361,431
55$2,397,381$2,167,906$2,102,929$2,508,617
56$2,589,906$2,222,125$2,121,369$2,663,115
57$2,800,429$2,277,362$2,138,788$2,830,591
58$3,030,736$2,333,616$2,155,100$3,012,296
59$3,282,791$2,390,883$2,170,216$3,209,613
60$3,558,758$2,449,158$2,184,040$3,424,059
61$3,861,018$2,508,434$2,196,473$3,657,308
62$4,192,196$2,568,702$2,207,409$3,911,202
63$4,555,181$2,629,949$2,216,738$4,187,770
64$4,953,155$2,692,162$2,224,344$4,489,244
65$5,389,623$2,755,324$2,230,106$4,818,086
66$5,868,445$2,819,415$2,233,894$5,177,004
67$6,393,872$2,884,412$2,235,576$5,568,985
68$6,970,589$2,950,290$2,235,009$5,997,314
69$7,603,753$3,017,019$2,232,047$6,465,614
70$8,299,049$3,084,566$2,226,533$6,977,875
71$9,062,736$3,152,893$2,218,306$7,538,490
72$9,901,711$3,221,960$2,207,195$8,152,302
73$10,823,569$3,291,721$2,193,020$8,824,644
74$11,836,682$3,362,124$2,175,595$9,561,394
75$12,950,269$3,433,114$2,154,723$10,369,027
76$14,174,489$3,504,629$2,130,199$11,254,676
77$15,520,533$3,576,601$2,101,806$12,226,202
78$17,000,732$3,648,959$2,069,321$13,292,265
79$18,628,669$3,721,620$2,032,506$14,462,410
80$20,419,312$3,794,499$1,991,114$15,747,150
81$22,389,153$3,867,500$1,944,887$17,158,073
82$24,556,360$3,940,521$1,893,554$18,707,946
83$26,940,952$4,013,451$1,836,832$20,410,837
84$29,564,989$4,086,169$1,774,425$22,282,251
85$32,452,773$4,158,546$1,706,023$24,339,270
86$35,631,083$4,230,443$1,631,303$26,600,718
87$39,129,428$4,301,708$1,549,925$29,087,341
88$42,980,318$4,372,181$1,461,537$31,821,999
89$47,219,580$4,441,687$1,365,768$34,829,883
90$51,886,687$4,510,040$1,262,231$38,138,752
91$57,025,137$4,577,040$1,150,524$41,779,199
92$62,682,858$4,642,471$1,030,223$45,784,936
93$68,912,663$4,706,106$900,889$50,193,114
94$75,772,747$4,767,697$762,061$55,044,673
95$83,327,235$4,826,983$613,258$60,384,730
96$91,646,790$4,883,682$453,979$66,263,004
97$100,809,275$4,937,495$283,700$72,734,287
98$110,900,491$4,988,102$101,874$79,858,960
99$122,014,984$5,035,161$0$87,703,566
100$134,256,938$5,078,310$0$96,346,352