Can I retire at age 54 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$171,764$170,234$168,742$167,285$165,862$161,590
2 years$85,032$83,448$81,913$80,425$78,982$74,707
3 years$56,125$54,534$53,003$51,529$50,109$45,964
4 years$41,674$40,089$38,573$37,124$35,738$31,755
5 years$33,006$31,430$29,934$28,515$27,168$23,358
6 years$27,229$25,665$24,191$22,803$21,497$17,864
7 years$23,104$21,553$20,103$18,748$17,483$14,027
8 years$20,012$18,475$17,049$15,727$14,504$11,223
9 years$17,609$16,086$14,684$13,396$12,214$9,106
10 years$15,687$14,179$12,802$11,548$10,407$7,468
11 years$14,115$12,623$11,271$10,050$8,950$6,176
12 years$12,807$11,329$10,003$8,815$7,756$5,141
13 years$11,700$10,239$8,937$7,782$6,764$4,303
14 years$10,753$9,307$8,030$6,908$5,929$3,617
15 years$9,932$8,502$7,250$6,161$5,220$3,052
16 years$9,215$7,800$6,573$5,517$4,614$2,582
17 years$8,583$7,184$5,981$4,957$4,091$2,190
18 years$8,022$6,638$5,460$4,467$3,637$1,861
19 years$7,520$6,152$4,998$4,036$3,242$1,585
20 years$7,069$5,717$4,587$3,656$2,896$1,351
21 years$6,662$5,325$4,219$3,318$2,591$1,154
22 years$6,292$4,971$3,889$3,016$2,323$986
23 years$5,955$4,649$3,591$2,747$2,085$843
24 years$5,646$4,356$3,321$2,506$1,874$722
25 years$5,363$4,088$3,076$2,288$1,686$618
26 years$5,101$3,842$2,852$2,092$1,519$530
27 years$4,860$3,616$2,649$1,915$1,370$454
28 years$4,636$3,407$2,462$1,755$1,236$390
29 years$4,428$3,214$2,291$1,609$1,116$334
30 years$4,234$3,035$2,134$1,477$1,008$287
31 years$4,053$2,869$1,990$1,356$912$246
32 years$3,884$2,715$1,857$1,246$825$212
33 years$3,725$2,571$1,733$1,146$746$182
34 years$3,576$2,437$1,620$1,055$676$156
35 years$3,436$2,311$1,514$971$612$134
36 years$3,304$2,194$1,417$894$554$115
37 years$3,179$2,084$1,326$824$503$99
38 years$3,061$1,980$1,242$759$456$85
39 years$2,949$1,883$1,163$700$413$73
40 years$2,844$1,791$1,090$646$375$63
41 years$2,743$1,705$1,022$596$340$54
42 years$2,648$1,624$959$550$309$46
43 years$2,558$1,547$900$508$280$40
44 years$2,471$1,475$845$469$254$34
45 years$2,389$1,407$793$433$231$30
46 years$2,311$1,342$745$400$209$25
47 years$2,236$1,280$700$369$190$22
48 years$2,165$1,222$658$341$173$19
49 years$2,096$1,167$618$315$157$16
50 years$2,031$1,115$581$292$143$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,080,000, adding $5,224 every year, while hoping to spend $41,881 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: 57/26/17 Blend
53$2,080,000$2,080,000$2,080,000$2,080,000
54$2,297,549$2,187,309$2,155,069$2,417,971
55$2,487,337$2,249,926$2,182,702$2,562,943
56$2,695,081$2,314,207$2,209,858$2,715,846
57$2,922,567$2,380,191$2,236,476$2,881,523
58$3,171,762$2,447,914$2,262,492$3,061,208
59$3,444,836$2,517,415$2,287,838$3,256,264
60$3,744,173$2,588,733$2,312,445$3,468,186
61$4,072,404$2,661,906$2,336,237$3,698,623
62$4,432,423$2,736,974$2,359,136$3,949,393
63$4,827,421$2,813,976$2,381,057$4,222,493
64$5,260,909$2,892,952$2,401,914$4,520,126
65$5,736,758$2,973,942$2,421,614$4,844,719
66$6,259,229$3,056,987$2,440,059$5,198,941
67$6,833,018$3,142,127$2,457,149$5,585,735
68$7,463,296$3,229,402$2,472,774$6,008,343
69$8,155,763$3,318,853$2,486,822$6,470,334
70$8,916,694$3,410,520$2,499,174$6,975,643
71$9,753,004$3,504,443$2,509,704$7,528,601
72$10,672,313$3,600,663$2,518,282$8,133,983
73$11,683,014$3,699,220$2,524,769$8,797,046
74$12,794,352$3,800,153$2,529,020$9,523,586
75$14,016,517$3,903,502$2,530,883$10,319,985
76$15,360,733$4,009,304$2,530,198$11,193,276
77$16,839,366$4,117,599$2,526,798$12,151,210
78$18,466,043$4,228,423$2,520,508$13,202,324
79$20,255,776$4,341,812$2,511,142$14,356,027
80$22,225,108$4,457,803$2,498,507$15,622,685
81$24,392,263$4,576,430$2,482,401$17,013,719
82$26,777,324$4,697,725$2,462,612$18,541,718
83$29,402,418$4,821,721$2,438,917$20,220,549
84$32,291,928$4,948,448$2,411,083$22,065,494
85$35,472,716$5,077,934$2,378,866$24,093,394
86$38,974,386$5,210,205$2,342,011$26,322,806
87$42,829,555$5,345,287$2,300,250$28,774,178
88$47,074,164$5,483,201$2,253,303$31,470,044
89$51,747,818$5,623,966$2,200,877$34,435,233
90$56,894,154$5,767,600$2,142,666$37,697,108
91$62,561,261$5,914,115$2,078,349$41,285,824
92$68,802,126$6,063,523$2,007,590$45,234,606
93$75,675,137$6,215,830$1,930,038$49,580,073
94$83,244,634$6,371,038$1,845,327$54,362,574
95$91,581,514$6,529,147$1,753,073$59,626,576
96$100,763,903$6,690,149$1,652,875$65,421,081
97$110,877,889$6,854,035$1,544,315$71,800,088
98$122,018,338$7,020,787$1,426,954$78,823,105
99$134,289,786$7,190,383$1,300,334$86,555,710
100$147,807,428$7,362,796$1,163,979$95,070,169