Can I retire at age 54 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$216,357$214,430$212,550$210,714$208,922$207,259
2 years$107,108$105,113$103,179$101,305$99,487$97,810
3 years$70,696$68,692$66,764$64,907$63,119$61,480
4 years$52,493$50,496$48,587$46,762$45,017$43,429
5 years$41,575$39,590$37,706$35,918$34,221$32,689
6 years$34,298$32,328$30,472$28,724$27,078$25,604
7 years$29,103$27,149$25,322$23,615$22,022$20,606
8 years$25,208$23,272$21,475$19,810$18,269$16,912
9 years$22,180$20,262$18,497$16,874$15,385$14,087
10 years$19,759$17,860$16,126$14,546$13,109$11,868
11 years$17,780$15,900$14,197$12,659$11,274$10,089
12 years$16,132$14,271$12,599$11,104$9,770$8,640
13 years$14,738$12,897$11,257$9,803$8,520$7,444
14 years$13,544$11,723$10,114$8,702$7,468$6,446
15 years$12,511$10,709$9,132$7,761$6,576$5,604
16 years$11,608$9,825$8,279$6,949$5,812$4,890
17 years$10,811$9,049$7,534$6,243$5,153$4,280
18 years$10,104$8,361$6,877$5,627$4,582$3,756
19 years$9,472$7,749$6,296$5,084$4,084$3,303
20 years$8,905$7,201$5,778$4,605$3,648$2,910
21 years$8,391$6,707$5,315$4,179$3,264$2,568
22 years$7,925$6,261$4,898$3,800$2,926$2,270
23 years$7,501$5,856$4,523$3,460$2,627$2,009
24 years$7,112$5,487$4,183$3,156$2,361$1,780
25 years$6,755$5,149$3,874$2,882$2,124$1,579
26 years$6,426$4,839$3,593$2,635$1,914$1,401
27 years$6,121$4,554$3,336$2,412$1,725$1,245
28 years$5,839$4,291$3,102$2,210$1,557$1,106
29 years$5,577$4,048$2,886$2,027$1,406$984
30 years$5,333$3,823$2,689$1,860$1,270$876
31 years$5,105$3,614$2,506$1,708$1,148$780
32 years$4,892$3,420$2,339$1,570$1,039$694
33 years$4,692$3,239$2,184$1,444$940$619
34 years$4,504$3,070$2,040$1,328$851$551
35 years$4,328$2,911$1,907$1,223$771$492
36 years$4,161$2,763$1,784$1,126$698$438
37 years$4,004$2,625$1,670$1,038$633$391
38 years$3,856$2,494$1,564$956$574$349
39 years$3,715$2,372$1,465$882$520$311
40 years$3,582$2,257$1,373$813$472$278
41 years$3,456$2,148$1,288$750$428$248
42 years$3,336$2,046$1,208$693$389$221
43 years$3,222$1,949$1,134$639$353$198
44 years$3,113$1,858$1,064$590$320$176
45 years$3,009$1,772$999$545$291$158
46 years$2,911$1,690$938$504$264$141
47 years$2,817$1,613$882$465$240$126
48 years$2,726$1,540$828$430$218$112
49 years$2,640$1,470$779$397$198$100
50 years$2,558$1,405$732$367$180$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,620,000, adding $4,615 every year, while hoping to spend $28,950 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: 50/41/9 Blend
53$2,620,000$2,620,000$2,620,000$2,620,000
54$2,892,000$2,753,140$2,712,530$3,029,544
55$3,156,182$2,857,242$2,772,598$3,228,103
56$3,446,340$2,965,474$2,833,707$3,440,285
57$3,765,092$3,078,008$2,895,862$3,670,174
58$4,115,326$3,195,024$2,959,068$3,919,435
59$4,500,218$3,316,710$3,023,325$4,189,903
60$4,923,271$3,443,259$3,088,637$4,483,589
61$5,388,342$3,574,876$3,155,004$4,802,707
62$5,899,682$3,711,774$3,222,426$5,149,692
63$6,461,973$3,854,174$3,290,900$5,527,217
64$7,080,374$4,002,309$3,360,425$5,938,226
65$7,760,569$4,156,419$3,430,997$6,385,954
66$8,508,821$4,316,757$3,502,609$6,873,960
67$9,332,030$4,483,588$3,575,256$7,406,159
68$10,237,798$4,657,185$3,648,928$7,986,857
69$11,234,503$4,837,837$3,723,617$8,620,792
70$12,331,374$5,025,842$3,799,309$9,313,179
71$13,538,581$5,221,515$3,875,993$10,069,754
72$14,867,329$5,425,182$3,953,651$10,896,831
73$16,329,965$5,637,185$4,032,267$11,801,358
74$17,940,095$5,857,880$4,111,822$12,790,984
75$19,712,709$6,087,640$4,192,292$13,874,126
76$21,664,325$6,326,854$4,273,653$15,060,052
77$23,813,145$6,575,929$4,355,880$16,358,962
78$26,179,225$6,835,289$4,438,941$17,782,089
79$28,784,665$7,105,377$4,522,805$19,341,796
80$31,653,818$7,386,658$4,607,435$21,051,698
81$34,813,517$7,679,614$4,692,794$22,926,786
82$38,293,332$7,984,751$4,778,839$24,983,565
83$42,125,847$8,302,599$4,865,526$27,240,213
84$46,346,966$8,633,709$4,952,803$29,716,747
85$50,996,255$8,978,659$5,040,620$32,435,209
86$56,117,310$9,338,050$5,128,918$35,419,876
87$61,758,175$9,712,515$5,217,637$38,697,487
88$67,971,791$10,102,710$5,306,710$42,297,487
89$74,816,496$10,509,325$5,396,066$46,252,312
90$82,356,576$10,933,078$5,485,631$50,597,685
91$90,662,870$11,374,723$5,575,324$55,372,956
92$99,813,443$11,835,045$5,665,058$60,621,468
93$109,894,318$12,314,866$5,754,741$66,390,965
94$121,000,289$12,815,045$5,844,275$72,734,039
95$133,235,817$13,336,481$5,933,557$79,708,624
96$146,716,014$13,880,112$6,022,475$87,378,543
97$161,567,731$14,446,920$6,110,911$95,814,099
98$177,930,753$15,037,933$6,198,740$105,092,747
99$195,959,121$15,654,223$6,285,829$115,299,812
100$215,822,586$16,296,914$6,372,038$126,529,296