Can I retire at age 54 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$170,939$169,416$167,930$166,481$165,065$163,273
2 years$84,623$83,047$81,520$80,039$78,602$76,798
3 years$55,855$54,272$52,749$51,282$49,868$48,108
4 years$41,474$39,896$38,387$36,945$35,567$33,863
5 years$32,847$31,279$29,790$28,378$27,037$25,396
6 years$27,098$25,541$24,075$22,694$21,394$19,817
7 years$22,993$21,450$20,006$18,658$17,399$15,887
8 years$19,916$18,386$16,967$15,652$14,434$12,987
9 years$17,524$16,009$14,614$13,332$12,155$10,773
10 years$15,611$14,111$12,741$11,492$10,357$9,038
11 years$14,047$12,562$11,217$10,002$8,907$7,650
12 years$12,745$11,275$9,954$8,773$7,719$6,523
13 years$11,644$10,189$8,894$7,745$6,731$5,594
14 years$10,701$9,262$7,991$6,875$5,900$4,822
15 years$9,885$8,461$7,215$6,131$5,195$4,173
16 years$9,171$7,763$6,541$5,490$4,592$3,623
17 years$8,542$7,149$5,952$4,933$4,071$3,156
18 years$7,983$6,606$5,434$4,445$3,620$2,755
19 years$7,484$6,122$4,974$4,017$3,226$2,411
20 years$7,035$5,689$4,565$3,638$2,882$2,113
21 years$6,630$5,299$4,199$3,302$2,579$1,856
22 years$6,262$4,947$3,870$3,002$2,312$1,631
23 years$5,926$4,627$3,573$2,734$2,075$1,436
24 years$5,619$4,335$3,305$2,494$1,865$1,266
25 years$5,337$4,068$3,061$2,277$1,678$1,116
26 years$5,077$3,823$2,839$2,082$1,512$985
27 years$4,836$3,598$2,636$1,906$1,363$870
28 years$4,614$3,391$2,451$1,746$1,230$769
29 years$4,407$3,199$2,280$1,601$1,111$680
30 years$4,214$3,021$2,124$1,470$1,003$602
31 years$4,034$2,856$1,980$1,350$907$533
32 years$3,865$2,702$1,848$1,240$821$472
33 years$3,707$2,559$1,725$1,141$743$418
34 years$3,559$2,425$1,612$1,050$672$370
35 years$3,419$2,300$1,507$966$609$328
36 years$3,288$2,183$1,410$890$552$291
37 years$3,164$2,074$1,320$820$500$258
38 years$3,046$1,971$1,236$756$453$229
39 years$2,935$1,874$1,158$697$411$203
40 years$2,830$1,783$1,085$643$373$180
41 years$2,730$1,697$1,017$593$338$160
42 years$2,635$1,616$954$547$307$142
43 years$2,545$1,540$896$505$279$126
44 years$2,459$1,468$841$466$253$112
45 years$2,378$1,400$789$431$230$99
46 years$2,300$1,335$741$398$208$88
47 years$2,225$1,274$697$368$189$78
48 years$2,154$1,217$655$340$172$69
49 years$2,086$1,162$615$314$156$62
50 years$2,021$1,110$578$290$142$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,070,000, adding $5,527 every year, while hoping to spend $27,856 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: 48/32/20 Blend
53$2,070,000$2,070,000$2,070,000$2,070,000
54$2,286,841$2,177,131$2,145,046$2,383,441
55$2,490,460$2,254,172$2,187,267$2,528,257
56$2,713,915$2,334,054$2,229,968$2,682,163
57$2,959,199$2,416,888$2,273,137$2,848,706
58$3,228,509$2,502,787$2,316,758$3,029,082
59$3,524,264$2,591,870$2,360,816$3,224,608
60$3,849,128$2,684,261$2,405,293$3,436,731
61$4,206,039$2,780,090$2,450,170$3,667,044
62$4,598,230$2,879,489$2,495,426$3,917,299
63$5,029,265$2,982,599$2,541,038$4,189,421
64$5,503,068$3,089,565$2,586,981$4,485,533
65$6,023,966$3,200,538$2,633,230$4,807,965
66$6,596,722$3,315,676$2,679,754$5,159,287
67$7,226,585$3,435,142$2,726,524$5,542,323
68$7,919,340$3,559,108$2,773,506$5,960,184
69$8,681,359$3,687,750$2,820,665$6,416,291
70$9,519,663$3,821,255$2,867,962$6,914,414
71$10,441,987$3,959,815$2,915,357$7,458,701
72$11,456,855$4,103,631$2,962,806$8,053,719
73$12,573,657$4,252,912$3,010,264$8,704,496
74$13,802,742$4,407,876$3,057,679$9,416,568
75$15,155,510$4,568,750$3,105,000$10,196,032
76$16,644,524$4,735,772$3,152,170$11,049,600
77$18,283,628$4,909,186$3,199,129$11,984,667
78$20,088,072$5,089,251$3,245,815$13,009,372
79$22,074,665$5,276,234$3,292,159$14,132,681
80$24,261,925$5,470,414$3,338,091$15,364,471
81$26,670,258$5,672,081$3,383,534$16,715,616
82$29,322,151$5,881,539$3,428,408$18,198,097
83$32,242,379$6,099,103$3,472,629$19,825,107
84$35,458,246$6,325,103$3,516,106$21,611,181
85$38,999,836$6,559,882$3,558,744$23,572,328
86$42,900,301$6,803,798$3,600,444$25,726,184
87$47,196,172$7,057,225$3,641,099$28,092,176
88$51,927,702$7,320,550$3,680,597$30,691,703
89$57,139,251$7,594,180$3,718,820$33,548,342
90$62,879,698$7,878,538$3,755,644$36,688,065
91$69,202,906$8,174,066$3,790,937$40,139,484
92$76,168,230$8,481,222$3,824,561$43,934,122
93$83,841,076$8,800,488$3,856,370$48,106,706
94$92,293,518$9,132,365$3,886,211$52,695,499
95$101,604,980$9,477,374$3,913,922$57,742,653
96$111,862,983$9,836,060$3,939,333$63,294,613
97$123,163,973$10,208,992$3,962,266$69,402,548
98$135,614,228$10,596,763$3,982,533$76,122,837
99$149,330,868$10,999,993$3,999,935$83,517,596
100$164,442,949$11,419,326$4,014,267$91,655,268