Can I retire at age 54 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$173,416$171,871$170,364$168,893$167,457$165,227
2 years$85,850$84,251$82,701$81,199$79,741$77,499
3 years$56,665$55,059$53,513$52,025$50,591$48,405
4 years$42,075$40,474$38,944$37,481$36,082$33,969
5 years$33,323$31,732$30,222$28,789$27,429$25,396
6 years$27,491$25,912$24,424$23,023$21,704$19,753
7 years$23,327$21,761$20,296$18,928$17,651$15,783
8 years$20,205$18,653$17,213$15,878$14,643$12,857
9 years$17,778$16,241$14,825$13,525$12,332$10,627
10 years$15,837$14,315$12,925$11,659$10,507$8,883
11 years$14,251$12,744$11,379$10,146$9,037$7,492
12 years$12,930$11,438$10,099$8,900$7,831$6,363
13 years$11,813$10,337$9,023$7,857$6,829$5,436
14 years$10,856$9,396$8,107$6,975$5,986$4,667
15 years$10,028$8,583$7,319$6,220$5,271$4,022
16 years$9,304$7,875$6,636$5,570$4,658$3,478
17 years$8,666$7,253$6,039$5,004$4,130$3,017
18 years$8,099$6,702$5,512$4,510$3,672$2,623
19 years$7,592$6,211$5,046$4,075$3,273$2,285
20 years$7,137$5,772$4,631$3,691$2,924$1,994
21 years$6,726$5,376$4,260$3,350$2,616$1,743
22 years$6,352$5,018$3,926$3,045$2,345$1,525
23 years$6,012$4,694$3,625$2,774$2,105$1,337
24 years$5,700$4,398$3,353$2,530$1,892$1,172
25 years$5,414$4,127$3,105$2,310$1,703$1,029
26 years$5,150$3,879$2,880$2,112$1,534$904
27 years$4,906$3,650$2,674$1,934$1,383$795
28 years$4,680$3,440$2,486$1,772$1,248$699
29 years$4,470$3,245$2,313$1,625$1,127$615
30 years$4,275$3,064$2,155$1,491$1,018$542
31 years$4,092$2,897$2,009$1,369$920$477
32 years$3,921$2,741$1,874$1,258$833$421
33 years$3,761$2,596$1,750$1,157$753$371
34 years$3,610$2,460$1,635$1,065$682$327
35 years$3,469$2,334$1,529$980$618$288
36 years$3,335$2,215$1,430$903$560$254
37 years$3,209$2,104$1,339$832$507$224
38 years$3,090$1,999$1,254$767$460$198
39 years$2,978$1,901$1,174$707$417$175
40 years$2,871$1,809$1,101$652$378$154
41 years$2,770$1,722$1,032$602$343$136
42 years$2,674$1,640$968$555$311$120
43 years$2,582$1,562$909$512$283$106
44 years$2,495$1,489$853$473$257$94
45 years$2,412$1,420$801$437$233$83
46 years$2,333$1,355$752$404$211$73
47 years$2,258$1,293$707$373$192$64
48 years$2,185$1,234$664$345$174$57
49 years$2,116$1,179$624$318$158$50
50 years$2,050$1,126$587$294$144$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,100,000, adding $2,101 every year, while hoping to spend $38,153 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: 34/37/29 Blend
53$2,100,000$2,100,000$2,100,000$2,100,000
54$2,316,367$2,205,067$2,172,517$2,374,750
55$2,512,042$2,272,521$2,204,702$2,486,566
56$2,726,397$2,342,001$2,236,686$2,603,514
57$2,961,297$2,413,567$2,268,423$2,728,898
58$3,218,797$2,487,279$2,299,862$2,863,495
59$3,501,158$2,563,200$2,330,952$3,008,163
60$3,810,872$2,641,393$2,361,635$3,163,843
61$4,150,684$2,721,924$2,391,852$3,331,570
62$4,523,617$2,804,861$2,421,542$3,512,486
63$4,933,000$2,890,273$2,450,638$3,707,844
64$5,382,501$2,978,231$2,479,069$3,919,026
65$5,876,161$3,068,809$2,506,763$4,147,552
66$6,418,430$3,162,082$2,533,640$4,395,096
67$7,014,212$3,258,126$2,559,620$4,663,501
68$7,668,909$3,357,022$2,584,614$4,954,794
69$8,388,471$3,458,849$2,608,532$5,271,210
70$9,179,454$3,563,692$2,631,277$5,615,209
71$10,049,082$3,671,636$2,652,748$5,989,499
72$11,005,311$3,782,769$2,672,838$6,397,066
73$12,056,909$3,897,181$2,691,434$6,841,195
74$13,213,536$4,014,965$2,708,419$7,325,505
75$14,485,833$4,136,214$2,723,668$7,853,984
76$15,885,527$4,261,028$2,737,049$8,431,025
77$17,425,537$4,389,504$2,748,427$9,061,465
78$19,120,098$4,521,746$2,757,655$9,750,634
79$20,984,894$4,657,859$2,764,583$10,504,405
80$23,037,208$4,797,949$2,769,052$11,329,247
81$25,296,082$4,942,127$2,770,894$12,232,287
82$27,782,497$5,090,505$2,769,933$13,221,378
83$30,519,572$5,243,200$2,765,986$14,305,172
84$33,532,781$5,400,329$2,758,859$15,493,203
85$36,850,194$5,562,015$2,748,350$16,795,973
86$40,502,741$5,728,381$2,734,247$18,225,057
87$44,524,503$5,899,554$2,716,327$19,793,206
88$48,953,035$6,075,666$2,694,357$21,514,474
89$53,829,719$6,256,848$2,668,092$23,404,343
90$59,200,155$6,443,237$2,637,277$25,479,874
91$65,114,588$6,634,973$2,601,644$27,759,870
92$71,628,388$6,832,199$2,560,911$30,265,046
93$78,802,568$7,035,061$2,514,786$33,018,231
94$86,704,358$7,243,708$2,462,960$36,044,583
95$95,407,845$7,458,291$2,405,111$39,371,822
96$104,994,666$7,678,969$2,340,903$43,030,496
97$115,554,783$7,905,899$2,269,984$47,054,268
98$127,187,327$8,139,244$2,191,985$51,480,234
99$140,001,538$8,379,171$2,106,520$56,349,274
100$154,117,793$8,625,849$2,013,187$61,706,436