Can I retire at age 54 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$181,674$180,056$178,477$176,936$175,431$168,604
2 years$89,938$88,263$86,639$85,065$83,539$76,743
3 years$59,363$57,681$56,061$54,502$53,000$46,450
4 years$44,078$42,401$40,798$39,266$37,800$31,545
5 years$34,910$33,243$31,661$30,160$28,735$22,791
6 years$28,800$27,146$25,587$24,119$22,737$17,108
7 years$24,437$22,797$21,263$19,830$18,491$13,176
8 years$21,167$19,541$18,033$16,635$15,340$10,333
9 years$18,624$17,014$15,531$14,169$12,919$8,212
10 years$16,592$14,997$13,541$12,214$11,007$6,592
11 years$14,930$13,351$11,921$10,630$9,467$5,333
12 years$13,546$11,983$10,580$9,324$8,204$4,341
13 years$12,375$10,829$9,452$8,231$7,154$3,550
14 years$11,373$9,843$8,493$7,307$6,271$2,914
15 years$10,505$8,992$7,668$6,516$5,521$2,400
16 years$9,747$8,250$6,952$5,835$4,880$1,981
17 years$9,078$7,598$6,326$5,243$4,327$1,639
18 years$8,485$7,021$5,775$4,725$3,847$1,358
19 years$7,954$6,507$5,287$4,269$3,429$1,127
20 years$7,477$6,047$4,852$3,866$3,063$937
21 years$7,046$5,632$4,463$3,509$2,741$779
22 years$6,655$5,257$4,113$3,191$2,457$648
23 years$6,298$4,917$3,798$2,906$2,205$540
24 years$5,972$4,607$3,512$2,650$1,982$450
25 years$5,672$4,323$3,253$2,420$1,784$375
26 years$5,396$4,063$3,017$2,213$1,607$313
27 years$5,140$3,824$2,802$2,026$1,449$261
28 years$4,903$3,603$2,604$1,856$1,307$218
29 years$4,683$3,399$2,424$1,702$1,180$182
30 years$4,478$3,210$2,258$1,562$1,066$152
31 years$4,287$3,035$2,105$1,434$964$126
32 years$4,108$2,872$1,964$1,318$872$106
33 years$3,940$2,719$1,833$1,212$789$88
34 years$3,782$2,577$1,713$1,115$715$74
35 years$3,634$2,445$1,602$1,027$647$61
36 years$3,494$2,320$1,498$946$586$51
37 years$3,362$2,204$1,402$871$532$43
38 years$3,238$2,094$1,313$803$482$36
39 years$3,120$1,992$1,230$740$437$30
40 years$3,008$1,895$1,153$683$396$25
41 years$2,902$1,804$1,081$630$360$21
42 years$2,801$1,718$1,014$582$326$17
43 years$2,705$1,637$952$537$296$15
44 years$2,614$1,560$893$496$269$12
45 years$2,527$1,488$839$458$244$10
46 years$2,444$1,419$788$423$222$8
47 years$2,365$1,354$740$391$201$7
48 years$2,289$1,293$696$361$183$6
49 years$2,217$1,235$654$334$166$5
50 years$2,148$1,179$615$308$151$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,200,000, adding $3,332 every year, while hoping to spend $21,910 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: 56/38/6 Blend
53$2,200,000$2,200,000$2,200,000$2,200,000
54$2,427,837$2,311,237$2,277,137$2,560,510
55$2,652,164$2,401,175$2,330,109$2,740,163
56$2,898,639$2,494,787$2,384,121$2,932,989
57$3,169,496$2,592,227$2,439,185$3,142,455
58$3,467,199$2,693,661$2,495,313$3,370,149
59$3,794,462$2,799,260$2,552,515$3,617,813
60$4,154,275$2,909,201$2,610,802$3,887,364
61$4,549,931$3,023,672$2,670,184$4,180,911
62$4,985,060$3,142,867$2,730,670$4,500,771
63$5,463,659$3,266,991$2,792,271$4,849,493
64$5,990,134$3,396,256$2,854,994$5,229,881
65$6,569,339$3,530,883$2,918,848$5,645,021
66$7,206,622$3,671,107$2,983,839$6,098,304
67$7,907,874$3,817,168$3,049,974$6,593,466
68$8,679,589$3,969,321$3,117,260$7,134,613
69$9,528,920$4,127,830$3,185,701$7,726,266
70$10,463,749$4,292,973$3,255,301$8,373,401
71$11,492,761$4,465,038$3,326,063$9,081,492
72$12,625,526$4,644,328$3,397,990$9,856,567
73$13,872,589$4,831,160$3,471,082$10,705,259
74$15,245,569$5,025,863$3,545,340$11,634,869
75$16,757,270$5,228,783$3,620,761$12,653,437
76$18,421,798$5,440,280$3,697,343$13,769,813
77$20,254,700$5,660,732$3,775,083$14,993,740
78$22,273,105$5,890,533$3,853,974$16,335,947
79$24,495,889$6,130,097$3,934,009$17,808,245
80$26,943,851$6,379,853$4,015,179$19,423,643
81$29,639,910$6,640,252$4,097,474$21,196,463
82$32,609,323$6,911,766$4,180,882$23,142,478
83$35,879,920$7,194,889$4,265,387$25,279,059
84$39,482,367$7,490,134$4,350,973$27,625,335
85$43,450,459$7,798,041$4,437,621$30,202,375
86$47,821,434$8,119,173$4,525,310$33,033,383
87$52,636,328$8,454,120$4,614,015$36,143,917
88$57,940,361$8,803,499$4,703,712$39,562,127
89$63,783,361$9,167,954$4,794,369$43,319,019
90$70,220,239$9,548,159$4,885,956$47,448,746
91$77,311,505$9,944,820$4,978,437$51,988,928
92$85,123,836$10,358,674$5,071,773$56,981,007
93$93,730,713$10,790,494$5,165,922$62,470,633
94$103,213,104$11,241,087$5,260,839$68,508,093
95$113,660,238$11,711,298$5,356,474$75,148,785
96$125,170,440$12,202,009$5,452,774$82,453,738
97$137,852,064$12,714,147$5,549,682$90,490,183
98$151,824,513$13,248,678$5,647,134$99,332,188
99$167,219,364$13,806,615$5,745,064$109,061,353
100$184,181,616$14,389,016$5,843,400$119,767,576