Can I retire at age 54 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$214,706$212,793$210,927$209,106$207,328$202,727
2 years$106,290$104,310$102,392$100,532$98,727$94,117
3 years$70,156$68,168$66,254$64,412$62,637$58,159
4 years$52,093$50,111$48,216$46,405$44,673$40,364
5 years$41,257$39,287$37,418$35,643$33,960$29,830
6 years$34,036$32,081$30,239$28,504$26,871$22,926
7 years$28,880$26,942$25,129$23,435$21,853$18,094
8 years$25,015$23,094$21,311$19,659$18,130$14,554
9 years$22,011$20,107$18,355$16,745$15,268$11,873
10 years$19,608$17,724$16,003$14,434$13,009$9,791
11 years$17,644$15,778$14,088$12,562$11,188$8,144
12 years$16,008$14,162$12,503$11,019$9,695$6,820
13 years$14,625$12,798$11,171$9,728$8,455$5,742
14 years$13,441$11,633$10,037$8,635$7,411$4,857
15 years$12,415$10,627$9,062$7,701$6,525$4,123
16 years$11,519$9,750$8,216$6,896$5,767$3,511
17 years$10,729$8,980$7,476$6,196$5,114$2,997
18 years$10,027$8,298$6,825$5,584$4,547$2,565
19 years$9,400$7,690$6,248$5,045$4,053$2,198
20 years$8,837$7,146$5,734$4,569$3,620$1,887
21 years$8,327$6,656$5,274$4,147$3,239$1,622
22 years$7,865$6,213$4,861$3,771$2,904$1,396
23 years$7,443$5,811$4,488$3,434$2,606$1,203
24 years$7,058$5,445$4,151$3,132$2,343$1,037
25 years$6,703$5,110$3,845$2,860$2,108$894
26 years$6,377$4,802$3,566$2,615$1,899$772
27 years$6,075$4,519$3,311$2,394$1,712$667
28 years$5,795$4,259$3,078$2,193$1,545$576
29 years$5,535$4,018$2,864$2,011$1,395$498
30 years$5,292$3,794$2,668$1,846$1,260$431
31 years$5,066$3,587$2,487$1,695$1,140$373
32 years$4,855$3,394$2,321$1,558$1,031$322
33 years$4,656$3,214$2,167$1,433$933$279
34 years$4,470$3,046$2,025$1,318$845$241
35 years$4,295$2,889$1,893$1,213$765$209
36 years$4,129$2,742$1,771$1,118$693$181
37 years$3,974$2,604$1,657$1,030$628$157
38 years$3,826$2,475$1,552$949$570$136
39 years$3,687$2,354$1,454$875$516$118
40 years$3,555$2,239$1,363$807$468$102
41 years$3,429$2,132$1,278$745$425$88
42 years$3,310$2,030$1,199$687$386$76
43 years$3,197$1,934$1,125$634$350$66
44 years$3,089$1,844$1,056$586$318$57
45 years$2,986$1,758$991$541$288$50
46 years$2,889$1,677$931$500$262$43
47 years$2,795$1,601$875$462$238$37
48 years$2,706$1,528$822$427$216$32
49 years$2,620$1,459$773$394$196$28
50 years$2,539$1,394$726$364$178$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,600,000, adding $4,924 every year, while hoping to spend $34,545 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: 48/41/11 Blend
53$2,600,000$2,600,000$2,600,000$2,600,000
54$2,870,279$2,732,479$2,692,179$2,999,166
55$3,126,292$2,829,615$2,745,611$3,185,481
56$3,407,260$2,930,353$2,799,676$3,383,659
57$3,715,693$3,034,832$2,854,358$3,598,046
58$4,054,354$3,143,199$2,909,639$3,830,166
59$4,426,288$3,255,606$2,965,502$4,081,693
60$4,834,849$3,372,210$3,021,925$4,354,465
61$5,283,730$3,493,175$3,078,886$4,650,505
62$5,777,003$3,618,673$3,136,361$4,972,037
63$6,319,151$3,748,882$3,194,323$5,321,508
64$6,915,115$3,883,987$3,252,743$5,701,605
65$7,570,336$4,024,182$3,311,590$6,115,289
66$8,290,811$4,169,667$3,370,828$6,565,812
67$9,083,145$4,320,653$3,430,423$7,056,757
68$9,954,618$4,477,357$3,490,335$7,592,061
69$10,913,249$4,640,007$3,550,520$8,176,061
70$11,967,873$4,808,840$3,610,935$8,813,526
71$13,128,224$4,984,102$3,671,530$9,509,707
72$14,405,030$5,166,050$3,732,253$10,270,382
73$15,810,108$5,354,951$3,793,049$11,101,911
74$17,356,481$5,551,086$3,853,858$12,011,296
75$19,058,497$5,754,744$3,914,617$13,006,245
76$20,931,966$5,966,228$3,975,259$14,095,243
77$22,994,308$6,185,854$4,035,711$15,287,632
78$25,264,717$6,413,952$4,095,898$16,593,699
79$27,764,346$6,650,863$4,155,738$18,024,771
80$30,516,500$6,896,946$4,215,146$19,593,319
81$33,546,860$7,152,573$4,274,030$21,313,078
82$36,883,723$7,418,132$4,332,293$23,199,172
83$40,558,271$7,694,029$4,389,833$25,268,257
84$44,604,864$7,980,686$4,446,542$27,538,679
85$49,061,363$8,278,543$4,502,304$30,030,640
86$53,969,490$8,588,059$4,556,999$32,766,394
87$59,375,217$8,909,713$4,610,498$35,770,451
88$65,329,205$9,244,005$4,662,666$39,069,805
89$71,887,278$9,591,455$4,713,359$42,694,196
90$79,110,951$9,952,607$4,762,427$46,676,378
91$87,068,010$10,328,027$4,809,711$51,052,433
92$95,833,154$10,718,307$4,855,042$55,862,109
93$105,488,694$11,124,063$4,898,245$61,149,192
94$116,125,337$11,545,938$4,939,132$66,961,917
95$127,843,037$11,984,604$4,977,508$73,353,423
96$140,751,939$12,440,762$5,013,167$80,382,250
97$154,973,420$12,915,142$5,045,891$88,112,891
98$170,641,232$13,408,508$5,075,452$96,616,399
99$187,902,768$13,921,655$5,101,610$105,971,054
100$206,920,448$14,455,414$5,124,112$116,263,098