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%13.4%
1 years$219,660$217,704$215,795$213,932$212,112$209,115
2 years$108,743$106,717$104,755$102,852$101,006$97,992
3 years$71,775$69,741$67,783$65,898$64,082$61,146
4 years$53,295$51,267$49,329$47,476$45,704$42,867
5 years$42,210$40,194$38,281$36,466$34,743$32,014
6 years$34,822$32,821$30,937$29,162$27,491$24,873
7 years$29,547$27,563$25,709$23,976$22,358$19,852
8 years$25,593$23,627$21,803$20,113$18,548$16,154
9 years$22,519$20,571$18,779$17,132$15,620$13,336
10 years$20,061$18,133$16,372$14,768$13,309$11,134
11 years$18,051$16,143$14,414$12,852$11,446$9,378
12 years$16,378$14,489$12,792$11,273$9,919$7,955
13 years$14,963$13,094$11,429$9,952$8,650$6,788
14 years$13,751$11,902$10,269$8,835$7,582$5,819
15 years$12,702$10,872$9,271$7,879$6,676$5,009
16 years$11,785$9,975$8,406$7,055$5,900$4,325
17 years$10,976$9,187$7,649$6,339$5,232$3,746
18 years$10,259$8,489$6,982$5,712$4,652$3,252
19 years$9,617$7,868$6,392$5,162$4,146$2,829
20 years$9,040$7,311$5,866$4,675$3,703$2,465
21 years$8,519$6,810$5,396$4,243$3,314$2,152
22 years$8,046$6,357$4,973$3,858$2,971$1,880
23 years$7,615$5,945$4,592$3,513$2,667$1,645
24 years$7,220$5,570$4,247$3,204$2,397$1,441
25 years$6,858$5,227$3,933$2,926$2,157$1,263
26 years$6,524$4,913$3,648$2,676$1,943$1,108
27 years$6,215$4,624$3,387$2,449$1,752$972
28 years$5,929$4,357$3,149$2,244$1,580$854
29 years$5,662$4,110$2,930$2,058$1,427$750
30 years$5,415$3,882$2,730$1,888$1,289$659
31 years$5,183$3,669$2,545$1,734$1,166$580
32 years$4,967$3,472$2,374$1,594$1,055$510
33 years$4,764$3,288$2,217$1,466$954$449
34 years$4,573$3,116$2,071$1,349$864$395
35 years$4,394$2,956$1,937$1,242$783$348
36 years$4,225$2,806$1,812$1,143$709$306
37 years$4,065$2,665$1,696$1,053$643$270
38 years$3,914$2,532$1,588$971$583$238
39 years$3,772$2,408$1,488$895$528$209
40 years$3,637$2,291$1,394$826$479$184
41 years$3,508$2,181$1,307$762$435$163
42 years$3,387$2,077$1,226$703$395$143
43 years$3,271$1,979$1,151$649$358$126
44 years$3,160$1,886$1,080$599$325$111
45 years$3,055$1,799$1,014$554$295$98
46 years$2,955$1,716$953$511$268$86
47 years$2,860$1,638$895$472$243$76
48 years$2,768$1,563$841$436$221$67
49 years$2,681$1,493$791$403$201$59
50 years$2,597$1,426$743$373$182$52

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 $5,649 every year, while hoping to spend $52,557 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: 85/10/5 Blend
53$2,660,000$2,660,000$2,660,000$2,660,000
54$2,937,147$2,796,167$2,754,937$3,186,361
55$3,180,816$2,877,259$2,791,307$3,430,751
56$3,447,577$2,960,563$2,827,134$3,691,381
57$3,739,731$3,046,132$2,862,344$3,976,007
58$4,059,811$3,134,019$2,896,860$4,287,003
59$4,410,606$3,224,280$2,930,599$4,626,985
60$4,795,187$3,316,969$2,963,473$4,998,830
61$5,216,939$3,412,144$2,995,393$5,405,710
62$5,679,588$3,509,860$3,026,259$5,851,117
63$6,187,238$3,610,175$3,055,971$6,338,895
64$6,744,411$3,713,149$3,084,421$6,873,282
65$7,356,087$3,818,839$3,111,496$7,458,942
66$8,027,752$3,927,307$3,137,075$8,101,015
67$8,765,450$4,038,611$3,161,033$8,805,161
68$9,575,836$4,152,814$3,183,239$9,577,616
69$10,466,246$4,269,977$3,203,552$10,425,249
70$11,444,759$4,390,161$3,221,827$11,355,627
71$12,520,275$4,513,429$3,237,908$12,377,086
72$13,702,600$4,639,844$3,251,635$13,498,811
73$15,002,538$4,769,470$3,262,838$14,730,918
74$16,431,992$4,902,368$3,271,338$16,084,554
75$18,004,074$5,038,603$3,276,946$17,572,000
76$19,733,233$5,178,239$3,279,468$19,206,787
77$21,635,388$5,321,337$3,278,695$21,003,822
78$23,728,077$5,467,963$3,274,411$22,979,529
79$26,030,627$5,618,178$3,266,390$25,152,005
80$28,564,328$5,772,046$3,254,391$27,541,190
81$31,352,642$5,929,629$3,238,166$30,169,052
82$34,421,419$6,090,988$3,217,451$33,059,800
83$37,799,141$6,256,184$3,191,974$36,240,104
84$41,517,193$6,425,277$3,161,445$39,739,356
85$45,610,157$6,598,326$3,125,563$43,589,937
86$50,116,136$6,775,387$3,084,013$47,827,531
87$55,077,118$6,956,518$3,036,463$52,491,457
88$60,539,369$7,141,771$2,982,569$57,625,038
89$66,553,867$7,331,200$2,921,968$63,276,015
90$73,176,787$7,524,855$2,854,279$69,496,993
91$80,470,030$7,722,783$2,779,108$76,345,938
92$88,501,803$7,925,030$2,696,039$83,886,725
93$97,347,268$8,131,638$2,604,637$92,189,740
94$107,089,247$8,342,645$2,504,450$101,332,542
95$117,819,003$8,558,087$2,395,001$111,400,599
96$129,637,103$8,777,996$2,275,796$122,488,091
97$142,654,368$9,002,398$2,146,315$134,698,797
98$156,992,913$9,231,315$2,006,016$148,147,080
99$172,787,305$9,464,764$1,854,333$162,958,962
100$190,185,831$9,702,758$1,690,674$179,273,312