Can I retire at age 54 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$167,636$166,142$164,685$163,264$161,875$155,575
2 years$82,988$81,442$79,944$78,492$77,083$70,813
3 years$54,776$53,223$51,729$50,291$48,905$42,860
4 years$40,672$39,125$37,646$36,232$34,879$29,107
5 years$32,213$30,674$29,215$27,829$26,515$21,030
6 years$26,575$25,048$23,610$22,255$20,980$15,786
7 years$22,549$21,035$19,620$18,297$17,063$12,157
8 years$19,531$18,031$16,639$15,349$14,155$9,534
9 years$17,185$15,699$14,331$13,074$11,921$7,577
10 years$15,310$13,838$12,494$11,270$10,157$6,083
11 years$13,776$12,319$11,000$9,808$8,735$4,921
12 years$12,499$11,057$9,762$8,603$7,570$4,005
13 years$11,419$9,992$8,722$7,595$6,601$3,276
14 years$10,494$9,083$7,837$6,742$5,786$2,689
15 years$9,694$8,297$7,075$6,013$5,095$2,215
16 years$8,994$7,613$6,415$5,384$4,503$1,828
17 years$8,377$7,011$5,837$4,837$3,993$1,513
18 years$7,829$6,478$5,329$4,359$3,550$1,253
19 years$7,339$6,004$4,878$3,939$3,164$1,040
20 years$6,899$5,579$4,477$3,568$2,826$864
21 years$6,502$5,197$4,118$3,238$2,529$719
22 years$6,141$4,851$3,795$2,944$2,267$598
23 years$5,812$4,537$3,504$2,681$2,035$498
24 years$5,510$4,251$3,241$2,445$1,829$415
25 years$5,234$3,989$3,002$2,233$1,646$346
26 years$4,979$3,749$2,784$2,042$1,483$288
27 years$4,743$3,529$2,585$1,869$1,337$241
28 years$4,524$3,325$2,403$1,712$1,206$201
29 years$4,321$3,137$2,236$1,570$1,089$168
30 years$4,132$2,962$2,083$1,441$984$140
31 years$3,956$2,800$1,942$1,324$890$117
32 years$3,790$2,650$1,812$1,216$805$97
33 years$3,635$2,509$1,692$1,119$728$81
34 years$3,490$2,378$1,581$1,029$659$68
35 years$3,353$2,256$1,478$947$597$57
36 years$3,224$2,141$1,383$873$541$47
37 years$3,102$2,034$1,294$804$490$40
38 years$2,987$1,933$1,212$741$445$33
39 years$2,878$1,838$1,135$683$403$28
40 years$2,775$1,748$1,064$630$366$23
41 years$2,677$1,664$998$581$332$19
42 years$2,584$1,585$936$537$301$16
43 years$2,496$1,510$878$495$273$13
44 years$2,412$1,440$824$457$248$11
45 years$2,332$1,373$774$422$225$9
46 years$2,255$1,310$727$390$204$8
47 years$2,182$1,250$683$360$186$7
48 years$2,113$1,193$642$333$169$5
49 years$2,046$1,139$603$308$153$5
50 years$1,982$1,088$567$285$139$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,030,000, adding $2,400 every year, while hoping to spend $40,467 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: 61/29/10 Blend
53$2,030,000$2,030,000$2,030,000$2,030,000
54$2,239,536$2,131,946$2,100,481$2,370,907
55$2,424,912$2,193,354$2,127,790$2,520,657
56$2,627,840$2,256,416$2,154,658$2,679,138
57$2,850,068$2,321,168$2,181,027$2,851,059
58$3,093,520$2,387,651$2,206,837$3,037,720
59$3,360,315$2,455,902$2,232,022$3,240,549
60$3,652,788$2,525,962$2,256,516$3,461,123
61$3,973,510$2,597,872$2,280,247$3,701,173
62$4,325,312$2,671,671$2,303,139$3,962,608
63$4,711,312$2,747,402$2,325,113$4,247,528
64$5,134,946$2,825,105$2,346,084$4,558,247
65$5,599,998$2,904,822$2,365,965$4,897,313
66$6,110,636$2,986,596$2,384,663$5,267,531
67$6,671,451$3,070,470$2,402,079$5,671,989
68$7,287,501$3,156,485$2,418,111$6,114,091
69$7,964,359$3,244,686$2,432,651$6,597,584
70$8,708,162$3,335,114$2,445,583$7,126,597
71$9,525,674$3,427,814$2,456,790$7,705,675
72$10,424,344$3,522,828$2,466,144$8,339,828
73$11,412,381$3,620,200$2,473,513$9,034,573
74$12,498,827$3,719,973$2,478,759$9,795,987
75$13,693,646$3,822,191$2,481,736$10,630,766
76$15,007,814$3,926,894$2,482,291$11,546,287
77$16,453,427$4,034,127$2,480,262$12,550,675
78$18,043,808$4,143,931$2,475,483$13,652,885
79$19,793,640$4,256,348$2,467,776$14,862,780
80$21,719,100$4,371,418$2,456,955$16,191,228
81$23,838,013$4,489,181$2,442,827$17,650,203
82$26,170,016$4,609,677$2,425,188$19,252,897
83$28,736,751$4,732,944$2,403,824$21,013,849
84$31,562,060$4,859,019$2,378,513$22,949,073
85$34,672,216$4,987,938$2,349,020$25,076,219
86$38,096,170$5,119,735$2,315,100$27,414,732
87$41,865,820$5,254,442$2,276,496$29,986,039
88$46,016,315$5,392,091$2,232,940$32,813,749
89$50,586,387$5,532,711$2,184,151$35,923,879
90$55,618,712$5,676,328$2,129,834$39,345,095
91$61,160,319$5,822,966$2,069,682$43,108,987
92$67,263,027$5,972,647$2,003,372$47,250,361
93$73,983,939$6,125,390$1,930,568$51,807,575
94$81,385,976$6,281,209$1,850,917$56,822,894
95$89,538,475$6,440,118$1,764,053$62,342,894
96$98,517,840$6,602,124$1,669,588$68,418,897
97$108,408,262$6,767,231$1,567,123$75,107,461
98$119,302,519$6,935,439$1,456,235$82,470,906
99$131,302,842$7,106,742$1,336,485$90,577,910
100$144,521,890$7,281,130$1,207,415$99,504,153