Can I retire at age 54 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$219,660$217,704$215,795$213,932$212,112$206,066
2 years$108,743$106,717$104,755$102,852$101,006$94,961
3 years$71,775$69,741$67,783$65,898$64,082$58,229
4 years$53,295$51,267$49,329$47,476$45,704$40,087
5 years$42,210$40,194$38,281$36,466$34,743$29,378
6 years$34,822$32,821$30,937$29,162$27,491$22,382
7 years$29,547$27,563$25,709$23,976$22,358$17,505
8 years$25,593$23,627$21,803$20,113$18,548$13,949
9 years$22,519$20,571$18,779$17,132$15,620$11,270
10 years$20,061$18,133$16,372$14,768$13,309$9,202
11 years$18,051$16,143$14,414$12,852$11,446$7,576
12 years$16,378$14,489$12,792$11,273$9,919$6,278
13 years$14,963$13,094$11,429$9,952$8,650$5,230
14 years$13,751$11,902$10,269$8,835$7,582$4,375
15 years$12,702$10,872$9,271$7,879$6,676$3,673
16 years$11,785$9,975$8,406$7,055$5,900$3,092
17 years$10,976$9,187$7,649$6,339$5,232$2,609
18 years$10,259$8,489$6,982$5,712$4,652$2,206
19 years$9,617$7,868$6,392$5,162$4,146$1,868
20 years$9,040$7,311$5,866$4,675$3,703$1,585
21 years$8,519$6,810$5,396$4,243$3,314$1,346
22 years$8,046$6,357$4,973$3,858$2,971$1,144
23 years$7,615$5,945$4,592$3,513$2,667$973
24 years$7,220$5,570$4,247$3,204$2,397$828
25 years$6,858$5,227$3,933$2,926$2,157$705
26 years$6,524$4,913$3,648$2,676$1,943$601
27 years$6,215$4,624$3,387$2,449$1,752$513
28 years$5,929$4,357$3,149$2,244$1,580$437
29 years$5,662$4,110$2,930$2,058$1,427$373
30 years$5,415$3,882$2,730$1,888$1,289$318
31 years$5,183$3,669$2,545$1,734$1,166$272
32 years$4,967$3,472$2,374$1,594$1,055$232
33 years$4,764$3,288$2,217$1,466$954$198
34 years$4,573$3,116$2,071$1,349$864$169
35 years$4,394$2,956$1,937$1,242$783$144
36 years$4,225$2,806$1,812$1,143$709$123
37 years$4,065$2,665$1,696$1,053$643$105
38 years$3,914$2,532$1,588$971$583$90
39 years$3,772$2,408$1,488$895$528$77
40 years$3,637$2,291$1,394$826$479$66
41 years$3,508$2,181$1,307$762$435$56
42 years$3,387$2,077$1,226$703$395$48
43 years$3,271$1,979$1,151$649$358$41
44 years$3,160$1,886$1,080$599$325$35
45 years$3,055$1,799$1,014$554$295$30
46 years$2,955$1,716$953$511$268$26
47 years$2,860$1,638$895$472$243$22
48 years$2,768$1,563$841$436$221$19
49 years$2,681$1,493$791$403$201$16
50 years$2,597$1,426$743$373$182$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,660,000, adding $5,238 every year, while hoping to spend $53,978 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: 76/9/15 Blend
53$2,660,000$2,660,000$2,660,000$2,660,000
54$2,936,723$2,795,743$2,754,513$3,150,059
55$3,178,837$2,875,302$2,789,357$3,371,211
56$3,443,837$2,956,951$2,823,559$3,606,321
57$3,734,001$3,040,734$2,857,041$3,862,602
58$4,051,836$3,126,698$2,889,720$4,142,145
59$4,400,106$3,214,888$2,921,507$4,447,255
60$4,781,851$3,305,352$2,952,312$4,780,468
61$5,200,421$3,398,136$2,982,036$5,144,580
62$5,659,507$3,493,287$3,010,577$5,542,671
63$6,163,171$3,590,852$3,037,826$5,978,131
64$6,715,891$3,690,880$3,063,669$6,454,696
65$7,322,596$3,793,418$3,087,987$6,976,482
66$7,988,718$3,898,513$3,110,652$7,548,023
67$8,720,240$4,006,213$3,131,531$8,174,314
68$9,523,753$4,116,566$3,150,486$8,860,857
69$10,406,517$4,229,618$3,167,368$9,613,715
70$11,376,529$4,345,417$3,182,023$10,439,567
71$12,442,602$4,464,010$3,194,287$11,345,773
72$13,614,443$4,585,442$3,203,992$12,340,440
73$14,902,747$4,709,759$3,210,956$13,432,503
74$16,319,296$4,837,006$3,214,992$14,631,806
75$17,877,072$4,967,227$3,215,902$15,949,193
76$19,590,377$5,100,465$3,213,478$17,396,616
77$21,474,970$5,236,762$3,207,504$18,987,243
78$23,548,211$5,376,158$3,197,750$20,735,584
79$25,829,232$5,518,692$3,183,977$22,657,626
80$28,339,107$5,664,402$3,165,935$24,770,988
81$31,101,063$5,813,324$3,143,360$27,095,083
82$34,140,685$5,965,491$3,115,976$29,651,301
83$37,486,170$6,120,935$3,083,496$32,463,214
84$41,168,582$6,279,684$3,045,617$35,556,799
85$45,222,154$6,441,765$3,002,021$38,960,676
86$49,684,603$6,607,200$2,952,378$42,706,388
87$54,597,490$6,776,011$2,896,340$46,828,691
88$60,006,610$6,948,212$2,833,544$51,365,885
89$65,962,427$7,123,817$2,763,610$56,360,175
90$72,520,544$7,302,833$2,686,140$61,858,072
91$79,742,232$7,485,265$2,600,719$67,910,827
92$87,695,007$7,671,110$2,506,910$74,574,918
93$96,453,266$7,860,362$2,404,260$81,912,585
94$106,098,988$8,053,009$2,292,291$89,992,411
95$116,722,510$8,249,032$2,170,508$98,889,977
96$128,423,376$8,448,404$2,038,390$108,688,572
97$141,311,278$8,651,094$1,895,394$119,479,976
98$155,507,090$8,857,060$1,740,952$131,365,335
99$171,144,011$9,066,253$1,574,471$144,456,107
100$188,368,816$9,278,615$1,395,332$158,875,120