Can I retire at age 54 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$218,835$216,885$214,983$213,127$211,315$207,048
2 years$108,334$106,316$104,361$102,465$100,626$96,346
3 years$71,505$69,479$67,528$65,650$63,841$59,682
4 years$53,094$51,074$49,143$47,297$45,532$41,525
5 years$42,051$40,043$38,137$36,329$34,613$30,769
6 years$34,691$32,698$30,821$29,053$27,388$23,712
7 years$29,436$27,460$25,612$23,886$22,274$18,767
8 years$25,496$23,538$21,721$20,037$18,478$15,139
9 years$22,434$20,494$18,708$17,067$15,561$12,387
10 years$19,985$18,065$16,310$14,712$13,259$10,247
11 years$17,983$16,082$14,359$12,804$11,403$8,550
12 years$16,316$14,434$12,744$11,231$9,882$7,183
13 years$14,907$13,044$11,386$9,915$8,617$6,069
14 years$13,699$11,857$10,230$8,801$7,554$5,150
15 years$12,654$10,831$9,236$7,849$6,651$4,387
16 years$11,740$9,938$8,374$7,028$5,878$3,749
17 years$10,935$9,152$7,620$6,315$5,212$3,212
18 years$10,220$8,457$6,956$5,691$4,634$2,759
19 years$9,581$7,838$6,368$5,142$4,131$2,373
20 years$9,007$7,283$5,844$4,657$3,689$2,045
21 years$8,487$6,784$5,376$4,227$3,302$1,765
22 years$8,016$6,333$4,954$3,843$2,959$1,525
23 years$7,587$5,923$4,575$3,500$2,657$1,318
24 years$7,193$5,549$4,231$3,192$2,388$1,141
25 years$6,832$5,208$3,918$2,915$2,149$988
26 years$6,499$4,895$3,634$2,666$1,935$857
27 years$6,192$4,606$3,375$2,440$1,745$743
28 years$5,906$4,341$3,137$2,235$1,575$645
29 years$5,641$4,095$2,919$2,050$1,422$559
30 years$5,394$3,867$2,719$1,881$1,285$486
31 years$5,164$3,656$2,535$1,728$1,161$422
32 years$4,948$3,459$2,365$1,588$1,051$367
33 years$4,746$3,276$2,209$1,460$951$319
34 years$4,556$3,105$2,064$1,344$861$277
35 years$4,377$2,945$1,929$1,237$780$241
36 years$4,209$2,795$1,805$1,139$706$209
37 years$4,050$2,655$1,689$1,050$640$182
38 years$3,900$2,523$1,582$967$580$158
39 years$3,758$2,399$1,482$892$526$138
40 years$3,623$2,282$1,389$823$477$120
41 years$3,495$2,173$1,303$759$433$104
42 years$3,374$2,069$1,222$701$393$91
43 years$3,258$1,971$1,147$647$357$79
44 years$3,149$1,879$1,076$597$324$69
45 years$3,044$1,792$1,011$551$294$60
46 years$2,944$1,710$949$509$267$52
47 years$2,849$1,631$892$471$242$45
48 years$2,758$1,557$838$435$220$39
49 years$2,671$1,487$788$402$200$34
50 years$2,587$1,421$740$371$182$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,650,000, adding $6,084 every year, while hoping to spend $46,780 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: 72/5/23 Blend
53$2,650,000$2,650,000$2,650,000$2,650,000
54$2,926,576$2,786,126$2,745,051$3,120,182
55$3,175,313$2,872,872$2,787,236$3,336,803
56$3,447,853$2,962,302$2,829,267$3,567,860
57$3,746,576$3,054,496$2,871,089$3,819,791
58$4,074,099$3,149,539$2,912,644$4,094,663
59$4,433,310$3,247,519$2,953,870$4,394,758
60$4,827,385$3,348,525$2,994,702$4,722,585
61$5,259,825$3,452,649$3,035,071$5,080,910
62$5,734,485$3,559,987$3,074,904$5,472,781
63$6,255,613$3,670,636$3,114,123$5,901,553
64$6,827,886$3,784,698$3,152,647$6,370,925
65$7,456,458$3,902,276$3,190,388$6,884,971
66$8,147,007$4,023,478$3,227,256$7,448,180
67$8,905,786$4,148,413$3,263,154$8,065,496
68$9,739,686$4,277,195$3,297,980$8,742,369
69$10,656,297$4,409,941$3,331,625$9,484,801
70$11,663,983$4,546,771$3,363,978$10,299,408
71$12,771,956$4,687,809$3,394,918$11,193,479
72$13,990,366$4,833,183$3,424,319$12,175,044
73$15,330,399$4,983,024$3,452,048$13,252,952
74$16,804,374$5,137,467$3,477,967$14,436,953
75$18,425,869$5,296,651$3,501,927$15,737,793
76$20,209,840$5,460,721$3,523,775$17,167,310
77$22,172,770$5,629,822$3,543,347$18,738,550
78$24,332,817$5,804,107$3,560,473$20,465,889
79$26,709,988$5,983,733$3,574,973$22,365,168
80$29,326,331$6,168,860$3,586,659$24,453,842
81$32,206,137$6,359,653$3,595,332$26,751,148
82$35,376,170$6,556,284$3,600,783$29,278,283
83$38,865,925$6,758,928$3,602,795$32,058,604
84$42,707,899$6,967,764$3,601,138$35,117,851
85$46,937,900$7,182,980$3,595,571$38,484,390
86$51,595,386$7,404,766$3,585,843$42,189,478
87$56,723,834$7,633,319$3,571,688$46,267,560
88$62,371,155$7,868,841$3,552,829$50,756,593
89$68,590,139$8,111,540$3,528,975$55,698,408
90$75,438,958$8,361,631$3,499,821$61,139,099
91$82,981,715$8,619,334$3,465,048$67,129,464
92$91,289,045$8,884,877$3,424,322$73,725,479
93$100,438,783$9,158,491$3,377,293$80,988,832
94$110,516,700$9,440,418$3,323,592$88,987,502
95$121,617,308$9,730,903$3,262,838$97,796,402
96$133,844,758$10,030,202$3,194,627$107,498,087
97$147,313,816$10,338,574$3,118,539$118,183,531
98$162,150,949$10,656,289$3,034,135$129,952,990
99$178,495,521$10,983,622$2,940,953$142,916,943
100$196,501,102$11,320,857$2,838,513$157,197,142