Can I retire at age 54 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$180,022$178,419$176,854$175,327$173,836$167,402
2 years$89,120$87,460$85,852$84,292$82,779$76,370
3 years$58,823$57,156$55,552$54,007$52,519$46,335
4 years$43,678$42,016$40,427$38,909$37,457$31,546
5 years$34,593$32,941$31,373$29,886$28,474$22,852
6 years$28,538$26,899$25,354$23,900$22,530$17,201
7 years$24,215$22,590$21,070$19,649$18,323$13,285
8 years$20,974$19,363$17,869$16,483$15,201$10,450
9 years$18,455$16,859$15,390$14,040$12,801$8,330
10 years$16,441$14,861$13,418$12,103$10,907$6,708
11 years$14,794$13,230$11,813$10,533$9,381$5,445
12 years$13,422$11,874$10,483$9,239$8,129$4,447
13 years$12,263$10,731$9,366$8,157$7,089$3,649
14 years$11,270$9,754$8,416$7,240$6,214$3,006
15 years$10,410$8,910$7,598$6,457$5,471$2,485
16 years$9,658$8,175$6,889$5,782$4,836$2,059
17 years$8,996$7,529$6,269$5,195$4,288$1,710
18 years$8,407$6,957$5,722$4,682$3,812$1,422
19 years$7,882$6,448$5,239$4,230$3,398$1,184
20 years$7,409$5,992$4,808$3,831$3,035$988
21 years$6,982$5,581$4,422$3,477$2,716$825
22 years$6,594$5,210$4,076$3,162$2,435$689
23 years$6,241$4,872$3,763$2,879$2,185$576
24 years$5,918$4,565$3,480$2,626$1,964$482
25 years$5,620$4,284$3,223$2,398$1,768$403
26 years$5,347$4,026$2,990$2,193$1,592$338
27 years$5,093$3,789$2,776$2,007$1,435$283
28 years$4,859$3,571$2,581$1,839$1,295$237
29 years$4,641$3,369$2,402$1,686$1,170$198
30 years$4,438$3,181$2,237$1,548$1,057$166
31 years$4,248$3,007$2,086$1,421$955$139
32 years$4,070$2,846$1,946$1,306$864$117
33 years$3,904$2,695$1,817$1,201$782$98
34 years$3,748$2,554$1,698$1,105$708$82
35 years$3,601$2,422$1,587$1,017$641$69
36 years$3,462$2,299$1,485$937$581$58
37 years$3,332$2,184$1,390$863$527$48
38 years$3,208$2,075$1,301$796$478$41
39 years$3,091$1,973$1,219$734$433$34
40 years$2,980$1,878$1,143$677$393$29
41 years$2,875$1,787$1,072$624$356$24
42 years$2,775$1,702$1,005$576$323$20
43 years$2,681$1,622$943$532$293$17
44 years$2,590$1,546$885$491$266$14
45 years$2,504$1,474$831$454$242$12
46 years$2,422$1,406$781$419$220$10
47 years$2,344$1,342$734$387$199$8
48 years$2,269$1,281$689$358$181$7
49 years$2,197$1,223$648$331$164$6
50 years$2,128$1,169$609$306$149$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,180,000, adding $6,344 every year, while hoping to spend $44,599 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: 60/27/13 Blend
53$2,180,000$2,180,000$2,180,000$2,180,000
54$2,408,904$2,293,364$2,259,574$2,545,386
55$2,607,159$2,358,286$2,287,817$2,702,909
56$2,824,141$2,424,894$2,315,511$2,869,082
57$3,061,714$2,493,224$2,342,591$3,049,278
58$3,321,929$2,563,312$2,368,987$3,244,855
59$3,607,045$2,635,194$2,394,628$3,457,307
60$3,919,551$2,708,906$2,419,435$3,688,279
61$4,262,187$2,784,484$2,443,328$3,939,584
62$4,637,972$2,861,965$2,466,221$4,213,215
63$5,050,229$2,941,385$2,488,023$4,511,369
64$5,502,620$3,022,781$2,508,640$4,836,466
65$5,999,180$3,106,190$2,527,972$5,191,168
66$6,544,350$3,191,647$2,545,913$5,578,409
67$7,143,026$3,279,189$2,562,353$6,001,422
68$7,800,597$3,368,852$2,577,174$6,463,766
69$8,523,004$3,460,672$2,590,256$6,969,361
70$9,316,788$3,554,683$2,601,467$7,522,527
71$10,189,159$3,650,920$2,610,675$8,128,020
72$11,148,056$3,749,418$2,617,735$8,791,082
73$12,202,228$3,850,210$2,622,499$9,517,488
74$13,361,313$3,953,329$2,624,811$10,313,597
75$14,635,931$4,058,805$2,624,506$11,186,420
76$16,037,780$4,166,671$2,621,411$12,143,676
77$17,579,750$4,276,955$2,615,345$13,193,874
78$19,276,044$4,389,685$2,606,119$14,346,386
79$21,142,310$4,504,889$2,593,533$15,611,539
80$23,195,789$4,622,591$2,577,379$17,000,714
81$25,455,476$4,742,815$2,557,439$18,526,447
82$27,942,304$4,865,583$2,533,482$20,202,553
83$30,679,334$4,990,912$2,505,269$22,044,257
84$33,691,980$5,118,820$2,472,550$24,068,330
85$37,008,241$5,249,322$2,435,059$26,293,256
86$40,658,971$5,382,427$2,392,523$28,739,402
87$44,678,166$5,518,146$2,344,652$31,429,210
88$49,103,286$5,656,482$2,291,145$34,387,409
89$53,975,608$5,797,437$2,231,686$37,641,250
90$59,340,617$5,941,008$2,165,944$41,220,763
91$65,248,431$6,087,188$2,093,574$45,159,037
92$71,754,276$6,235,966$2,014,214$49,492,538
93$78,919,009$6,387,325$1,927,486$54,261,447
94$86,809,686$6,541,243$1,832,996$59,510,045
95$95,500,203$6,697,692$1,730,330$65,287,127
96$105,071,984$6,856,640$1,619,057$71,646,464
97$115,614,756$7,018,044$1,498,724$78,647,312
98$127,227,391$7,181,859$1,368,862$86,354,969
99$140,018,843$7,348,028$1,228,977$94,841,394
100$154,109,173$7,516,489$1,078,555$104,185,884