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%17.2%
1 years$177,545$175,964$174,421$172,915$171,444$166,423
2 years$87,894$86,257$84,670$83,132$81,640$76,622
3 years$58,014$56,370$54,787$53,263$51,796$46,938
4 years$43,077$41,438$39,871$38,373$36,941$32,281
5 years$34,117$32,488$30,942$29,474$28,082$23,632
6 years$28,145$26,529$25,005$23,571$22,220$17,985
7 years$23,882$22,279$20,780$19,379$18,071$14,050
8 years$20,686$19,097$17,623$16,257$14,992$11,183
9 years$18,201$16,627$15,178$13,847$12,625$9,024
10 years$16,215$14,656$13,233$11,936$10,757$7,359
11 years$14,590$13,048$11,650$10,388$9,252$6,051
12 years$13,238$11,711$10,339$9,112$8,017$5,008
13 years$12,094$10,583$9,237$8,044$6,991$4,166
14 years$11,115$9,620$8,300$7,141$6,128$3,480
15 years$10,267$8,788$7,494$6,368$5,396$2,917
16 years$9,525$8,063$6,794$5,702$4,769$2,452
17 years$8,872$7,425$6,182$5,123$4,229$2,067
18 years$8,292$6,861$5,644$4,617$3,760$1,745
19 years$7,773$6,359$5,166$4,172$3,351$1,476
20 years$7,307$5,909$4,742$3,779$2,993$1,250
21 years$6,886$5,504$4,361$3,429$2,679$1,059
22 years$6,504$5,138$4,020$3,118$2,401$899
23 years$6,155$4,805$3,711$2,840$2,155$764
24 years$5,836$4,502$3,432$2,590$1,937$649
25 years$5,543$4,225$3,179$2,365$1,743$552
26 years$5,273$3,971$2,948$2,163$1,570$470
27 years$5,023$3,737$2,738$1,980$1,416$400
28 years$4,792$3,522$2,545$1,814$1,277$340
29 years$4,577$3,322$2,369$1,663$1,153$290
30 years$4,376$3,137$2,206$1,526$1,042$247
31 years$4,189$2,966$2,057$1,402$942$210
32 years$4,014$2,806$1,919$1,288$852$179
33 years$3,850$2,658$1,792$1,185$771$153
34 years$3,696$2,519$1,674$1,090$698$130
35 years$3,551$2,389$1,565$1,003$633$111
36 years$3,415$2,268$1,464$924$573$95
37 years$3,286$2,154$1,370$852$519$81
38 years$3,164$2,047$1,283$785$471$69
39 years$3,049$1,946$1,202$724$427$59
40 years$2,939$1,852$1,127$667$387$50
41 years$2,836$1,763$1,057$616$351$43
42 years$2,737$1,679$991$568$319$37
43 years$2,644$1,599$930$525$289$31
44 years$2,555$1,525$873$484$263$27
45 years$2,470$1,454$820$447$238$23
46 years$2,389$1,387$770$413$217$19
47 years$2,311$1,324$723$382$197$16
48 years$2,237$1,264$680$353$179$14
49 years$2,167$1,207$639$326$162$12
50 years$2,099$1,153$601$301$147$10

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 $2,558 every year, while hoping to spend $43,910 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: 57/21/22 Blend
53$2,150,000$2,150,000$2,150,000$2,150,000
54$2,371,939$2,257,989$2,224,664$2,492,944
55$2,567,156$2,321,910$2,252,470$2,639,713
56$2,780,815$2,387,492$2,279,736$2,794,678
57$3,014,748$2,454,770$2,306,398$2,962,619
58$3,270,977$2,523,778$2,332,386$3,144,796
59$3,551,726$2,594,552$2,357,631$3,342,599
60$3,859,446$2,667,129$2,382,055$3,557,557
61$4,196,834$2,741,543$2,405,578$3,791,356
62$4,566,863$2,817,831$2,428,117$4,045,850
63$4,972,807$2,896,028$2,449,583$4,323,085
64$5,418,270$2,976,171$2,469,881$4,625,311
65$5,907,226$3,058,295$2,488,914$4,955,010
66$6,444,048$3,142,437$2,506,578$5,314,913
67$7,033,556$3,228,631$2,522,764$5,708,032
68$7,681,059$3,316,914$2,537,356$6,137,682
69$8,392,404$3,407,320$2,550,235$6,607,517
70$9,174,035$3,499,884$2,561,273$7,121,564
71$10,033,049$3,594,641$2,570,338$7,684,257
72$10,977,264$3,691,623$2,577,289$8,300,485
73$12,015,297$3,790,864$2,581,980$8,975,632
74$13,156,637$3,892,396$2,584,256$9,715,632
75$14,411,740$3,996,250$2,583,955$10,527,024
76$15,792,128$4,102,457$2,580,908$11,417,011
77$17,310,493$4,211,045$2,574,936$12,393,533
78$18,980,819$4,322,042$2,565,852$13,465,339
79$20,818,515$4,435,474$2,553,461$14,642,067
80$22,840,558$4,551,367$2,537,556$15,934,342
81$25,065,653$4,669,743$2,517,923$17,353,869
82$27,514,413$4,790,623$2,494,336$18,913,549
83$30,209,546$4,914,026$2,466,559$20,627,596
84$33,176,075$5,039,969$2,434,345$22,511,677
85$36,441,573$5,168,466$2,397,433$24,583,055
86$40,036,420$5,299,527$2,355,554$26,860,754
87$43,994,092$5,433,161$2,308,422$29,365,740
88$48,351,476$5,569,373$2,255,741$32,121,117
89$53,149,219$5,708,164$2,197,200$35,152,345
90$58,432,106$5,849,531$2,132,474$38,487,483
91$64,249,491$5,993,468$2,061,222$42,157,452
92$70,655,754$6,139,963$1,983,088$46,196,329
93$77,710,819$6,289,000$1,897,700$50,641,666
94$85,480,719$6,440,557$1,804,669$55,534,848
95$94,038,216$6,594,608$1,703,589$60,921,481
96$103,463,489$6,751,119$1,594,034$66,851,826
97$113,844,891$6,910,050$1,475,560$73,381,271
98$125,279,782$7,071,354$1,347,704$80,570,857
99$137,875,448$7,234,978$1,209,979$88,487,852
100$151,750,110$7,400,859$1,061,881$97,206,388