Can I retire at age 54 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$177,545$175,964$174,421$172,915$171,444$169,442
2 years$87,894$86,257$84,670$83,132$81,640$79,625
3 years$58,014$56,370$54,787$53,263$51,796$49,830
4 years$43,077$41,438$39,871$38,373$36,941$35,040
5 years$34,117$32,488$30,942$29,474$28,082$26,251
6 years$28,145$26,529$25,005$23,571$22,220$20,462
7 years$23,882$22,279$20,780$19,379$18,071$16,386
8 years$20,686$19,097$17,623$16,257$14,992$13,379
9 years$18,201$16,627$15,178$13,847$12,625$11,085
10 years$16,215$14,656$13,233$11,936$10,757$9,289
11 years$14,590$13,048$11,650$10,388$9,252$7,853
12 years$13,238$11,711$10,339$9,112$8,017$6,687
13 years$12,094$10,583$9,237$8,044$6,991$5,728
14 years$11,115$9,620$8,300$7,141$6,128$4,930
15 years$10,267$8,788$7,494$6,368$5,396$4,261
16 years$9,525$8,063$6,794$5,702$4,769$3,695
17 years$8,872$7,425$6,182$5,123$4,229$3,214
18 years$8,292$6,861$5,644$4,617$3,760$2,802
19 years$7,773$6,359$5,166$4,172$3,351$2,448
20 years$7,307$5,909$4,742$3,779$2,993$2,143
21 years$6,886$5,504$4,361$3,429$2,679$1,879
22 years$6,504$5,138$4,020$3,118$2,401$1,649
23 years$6,155$4,805$3,711$2,840$2,155$1,450
24 years$5,836$4,502$3,432$2,590$1,937$1,275
25 years$5,543$4,225$3,179$2,365$1,743$1,123
26 years$5,273$3,971$2,948$2,163$1,570$990
27 years$5,023$3,737$2,738$1,980$1,416$873
28 years$4,792$3,522$2,545$1,814$1,277$770
29 years$4,577$3,322$2,369$1,663$1,153$680
30 years$4,376$3,137$2,206$1,526$1,042$601
31 years$4,189$2,966$2,057$1,402$942$531
32 years$4,014$2,806$1,919$1,288$852$470
33 years$3,850$2,658$1,792$1,185$771$415
34 years$3,696$2,519$1,674$1,090$698$367
35 years$3,551$2,389$1,565$1,003$633$325
36 years$3,415$2,268$1,464$924$573$288
37 years$3,286$2,154$1,370$852$519$255
38 years$3,164$2,047$1,283$785$471$225
39 years$3,049$1,946$1,202$724$427$200
40 years$2,939$1,852$1,127$667$387$177
41 years$2,836$1,763$1,057$616$351$157
42 years$2,737$1,679$991$568$319$139
43 years$2,644$1,599$930$525$289$123
44 years$2,555$1,525$873$484$263$109
45 years$2,470$1,454$820$447$238$96
46 years$2,389$1,387$770$413$217$85
47 years$2,311$1,324$723$382$197$76
48 years$2,237$1,264$680$353$179$67
49 years$2,167$1,207$639$326$162$59
50 years$2,099$1,153$601$301$147$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,150,000, adding $3,651 every year, while hoping to spend $34,190 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: 41/39/20 Blend
53$2,150,000$2,150,000$2,150,000$2,150,000
54$2,373,066$2,259,116$2,225,791$2,456,242
55$2,578,741$2,333,435$2,263,977$2,590,183
56$2,804,249$2,410,249$2,302,297$2,731,495
57$3,051,576$2,489,646$2,340,718$2,883,746
58$3,322,912$2,571,713$2,379,207$3,047,954
59$3,620,666$2,656,545$2,417,727$3,225,238
60$3,947,494$2,744,235$2,456,241$3,416,829
61$4,306,321$2,834,885$2,494,707$3,624,081
62$4,700,367$2,928,596$2,533,082$3,848,482
63$5,133,182$3,025,475$2,571,318$4,091,671
64$5,608,676$3,125,633$2,609,367$4,355,448
65$6,131,156$3,229,183$2,647,175$4,641,796
66$6,705,366$3,336,245$2,684,687$4,952,895
67$7,336,533$3,446,941$2,721,844$5,291,145
68$8,030,417$3,561,399$2,758,584$5,659,188
69$8,793,362$3,679,750$2,794,839$6,059,931
70$9,632,359$3,802,131$2,830,539$6,496,572
71$10,555,108$3,928,685$2,865,612$6,972,636
72$11,570,096$4,059,557$2,899,976$7,492,000
73$12,686,672$4,194,901$2,933,551$8,058,932
74$13,915,135$4,334,874$2,966,248$8,678,135
75$15,266,836$4,479,640$2,997,974$9,354,783
76$16,754,279$4,629,369$3,028,633$10,094,577
77$18,391,244$4,784,236$3,058,120$10,903,792
78$20,192,913$4,944,425$3,086,329$11,789,340
79$22,176,012$5,110,125$3,113,144$12,758,835
80$24,358,976$5,281,532$3,138,444$13,820,659
81$26,762,115$5,458,849$3,162,105$14,984,046
82$29,407,806$5,642,289$3,183,991$16,259,167
83$32,320,711$5,832,069$3,203,964$17,657,224
84$35,528,001$6,028,419$3,221,874$19,190,557
85$39,059,619$6,231,572$3,237,568$20,872,759
86$42,948,555$6,441,775$3,250,882$22,718,803
87$47,231,166$6,659,280$3,261,645$24,745,183
88$51,947,512$6,884,352$3,269,677$26,970,071
89$57,141,736$7,117,263$3,274,789$29,413,484
90$62,862,482$7,358,298$3,276,784$32,097,476
91$69,163,352$7,607,750$3,275,452$35,046,342
92$76,103,410$7,865,926$3,270,576$38,286,850
93$83,747,743$8,133,143$3,261,926$41,848,490
94$92,168,076$8,409,729$3,249,263$45,763,754
95$101,443,441$8,696,027$3,232,335$50,068,437
96$111,660,931$8,992,392$3,210,877$54,801,982
97$122,916,519$9,299,192$3,184,614$60,007,844
98$135,315,960$9,616,809$3,153,256$65,733,904
99$148,975,797$9,945,641$3,116,498$72,032,916
100$164,024,451$10,286,101$3,074,024$78,963,009