Can I retire at age 54 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$222,138$220,159$218,229$216,344$214,504$209,149
2 years$109,969$107,921$105,936$104,012$102,145$96,783
3 years$72,585$70,528$68,548$66,641$64,805$59,605
4 years$53,896$51,845$49,885$48,011$46,219$41,221
5 years$42,686$40,647$38,713$36,877$35,135$30,352
6 years$35,215$33,192$31,286$29,491$27,801$23,238
7 years$29,880$27,874$25,999$24,246$22,610$18,268
8 years$25,881$23,893$22,049$20,340$18,757$14,633
9 years$22,773$20,803$18,991$17,325$15,796$11,888
10 years$20,287$18,337$16,557$14,934$13,459$9,761
11 years$18,255$16,325$14,576$12,997$11,575$8,083
12 years$16,562$14,652$12,936$11,400$10,031$6,738
13 years$15,132$13,241$11,557$10,065$8,747$5,647
14 years$13,906$12,036$10,384$8,934$7,668$4,753
15 years$12,845$10,995$9,376$7,968$6,751$4,015
16 years$11,918$10,088$8,500$7,134$5,967$3,402
17 years$11,100$9,290$7,735$6,410$5,291$2,890
18 years$10,374$8,585$7,061$5,777$4,704$2,460
19 years$9,726$7,956$6,464$5,220$4,193$2,098
20 years$9,142$7,393$5,932$4,728$3,745$1,791
21 years$8,616$6,887$5,457$4,291$3,352$1,532
22 years$8,137$6,428$5,029$3,901$3,004$1,311
23 years$7,701$6,012$4,644$3,553$2,697$1,123
24 years$7,302$5,633$4,295$3,240$2,424$963
25 years$6,935$5,286$3,978$2,959$2,181$826
26 years$6,597$4,968$3,689$2,706$1,965$709
27 years$6,285$4,676$3,426$2,477$1,771$609
28 years$5,995$4,406$3,185$2,269$1,598$523
29 years$5,726$4,157$2,963$2,081$1,443$450
30 years$5,476$3,925$2,760$1,910$1,304$387
31 years$5,242$3,711$2,573$1,754$1,179$332
32 years$5,023$3,511$2,401$1,612$1,066$286
33 years$4,817$3,325$2,242$1,482$965$246
34 years$4,625$3,152$2,095$1,364$874$212
35 years$4,443$2,989$1,958$1,256$791$182
36 years$4,272$2,837$1,832$1,156$717$157
37 years$4,111$2,695$1,715$1,065$650$135
38 years$3,959$2,561$1,606$982$589$116
39 years$3,814$2,435$1,504$905$534$100
40 years$3,678$2,317$1,410$835$485$86
41 years$3,548$2,205$1,322$771$440$74
42 years$3,425$2,100$1,240$711$399$64
43 years$3,308$2,001$1,164$656$362$55
44 years$3,196$1,908$1,092$606$329$47
45 years$3,090$1,819$1,026$560$298$41
46 years$2,989$1,735$963$517$271$35
47 years$2,892$1,656$905$478$246$30
48 years$2,799$1,581$851$441$223$26
49 years$2,711$1,510$799$408$203$22
50 years$2,626$1,442$752$377$184$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,690,000, adding $6,420 every year, while hoping to spend $35,783 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: 64/22/14 Blend
53$2,690,000$2,690,000$2,690,000$2,690,000
54$2,971,002$2,828,432$2,786,737$3,150,812
55$3,235,972$2,928,953$2,842,020$3,372,496
56$3,526,769$3,033,199$2,897,956$3,609,837
57$3,845,990$3,141,317$2,954,528$3,868,215
58$4,196,496$3,253,456$3,011,719$4,149,677
59$4,581,437$3,369,774$3,069,511$4,456,480
60$5,004,284$3,490,434$3,127,880$4,791,107
61$5,468,861$3,615,605$3,186,804$5,156,290
62$5,979,381$3,745,466$3,246,258$5,555,037
63$6,540,483$3,880,199$3,306,213$5,990,661
64$7,157,281$4,019,998$3,366,640$6,466,806
65$7,835,407$4,165,061$3,427,506$6,987,487
66$8,581,067$4,315,597$3,488,775$7,557,123
67$9,401,097$4,471,822$3,550,410$8,180,582
68$10,303,029$4,633,962$3,612,370$8,863,221
69$11,295,165$4,802,252$3,674,610$9,610,943
70$12,386,646$4,976,937$3,737,085$10,430,246
71$13,587,549$5,158,272$3,799,742$11,328,287
72$14,908,974$5,346,523$3,862,528$12,312,950
73$16,363,153$5,541,966$3,925,386$13,392,916
74$17,963,562$5,744,889$3,988,254$14,577,749
75$19,725,050$5,955,594$4,051,066$15,877,981
76$21,663,981$6,174,394$4,113,752$17,305,215
77$23,798,382$6,401,614$4,176,238$18,872,230
78$26,148,120$6,637,596$4,238,445$20,593,105
79$28,735,083$6,882,693$4,300,287$22,483,347
80$31,583,392$7,137,275$4,361,677$24,560,041
81$34,719,624$7,401,728$4,422,520$26,842,007
82$38,173,066$7,676,453$4,482,714$29,349,978
83$41,975,988$7,961,869$4,542,155$32,106,795
84$46,163,950$8,258,411$4,600,728$35,137,623
85$50,776,136$8,566,537$4,658,316$38,470,186
86$55,855,724$8,886,720$4,714,792$42,135,027
87$61,450,294$9,219,455$4,770,023$46,165,798
88$67,612,274$9,565,258$4,823,869$50,599,576
89$74,399,439$9,924,669$4,876,182$55,477,211
90$81,875,452$10,298,248$4,926,804$60,843,711
91$90,110,468$10,686,581$4,975,572$66,748,665
92$99,181,792$11,090,280$5,022,310$73,246,712
93$109,174,613$11,509,982$5,066,835$80,398,056
94$120,182,804$11,946,352$5,108,955$88,269,027
95$132,309,811$12,400,085$5,148,466$96,932,717
96$145,669,627$12,871,903$5,185,154$106,469,657
97$160,387,866$13,362,564$5,218,794$116,968,584
98$176,602,953$13,872,855$5,249,149$128,527,274
99$194,467,429$14,403,599$5,275,970$141,253,464
100$214,149,386$14,955,655$5,298,995$155,265,869