Can I retire at age 54 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$182,500$180,874$179,288$177,740$176,229$174,679
2 years$90,346$88,664$87,033$85,452$83,918$82,357
3 years$59,633$57,943$56,316$54,750$53,241$51,716
4 years$44,279$42,594$40,984$39,444$37,972$36,495
5 years$35,069$33,394$31,805$30,297$28,866$27,442
6 years$28,931$27,269$25,703$24,229$22,841$21,471
7 years$24,548$22,900$21,359$19,920$18,575$17,261
8 years$21,263$19,630$18,115$16,710$15,410$14,150
9 years$18,709$17,091$15,602$14,233$12,978$11,772
10 years$16,667$15,065$13,602$12,269$11,058$9,906
11 years$14,997$13,412$11,975$10,678$9,510$8,411
12 years$13,607$12,038$10,628$9,366$8,241$7,194
13 years$12,432$10,878$9,495$8,269$7,186$6,190
14 years$11,425$9,888$8,531$7,340$6,300$5,353
15 years$10,553$9,033$7,703$6,546$5,547$4,648
16 years$9,791$8,288$6,984$5,861$4,902$4,050
17 years$9,119$7,633$6,355$5,266$4,347$3,540
18 years$8,523$7,053$5,801$4,746$3,865$3,102
19 years$7,990$6,537$5,311$4,288$3,445$2,724
20 years$7,511$6,074$4,874$3,884$3,077$2,396
21 years$7,078$5,658$4,483$3,525$2,753$2,112
22 years$6,685$5,281$4,132$3,205$2,468$1,864
23 years$6,327$4,940$3,815$2,919$2,216$1,647
24 years$5,999$4,628$3,528$2,662$1,991$1,457
25 years$5,698$4,343$3,268$2,431$1,792$1,290
26 years$5,420$4,082$3,031$2,223$1,614$1,143
27 years$5,163$3,842$2,814$2,035$1,455$1,014
28 years$4,926$3,620$2,616$1,864$1,313$900
29 years$4,705$3,415$2,435$1,710$1,186$799
30 years$4,499$3,225$2,268$1,569$1,071$710
31 years$4,306$3,049$2,114$1,441$969$631
32 years$4,126$2,885$1,973$1,324$876$561
33 years$3,958$2,732$1,842$1,218$793$499
34 years$3,799$2,589$1,721$1,120$718$444
35 years$3,650$2,456$1,609$1,031$650$395
36 years$3,510$2,331$1,505$950$589$352
37 years$3,377$2,214$1,409$875$534$313
38 years$3,252$2,104$1,319$807$484$279
39 years$3,134$2,001$1,236$744$439$249
40 years$3,021$1,903$1,158$686$398$221
41 years$2,915$1,812$1,086$633$361$197
42 years$2,814$1,726$1,019$584$328$176
43 years$2,717$1,644$956$539$297$157
44 years$2,626$1,567$898$498$270$140
45 years$2,539$1,494$843$460$245$125
46 years$2,455$1,426$792$425$223$111
47 years$2,376$1,361$744$392$202$99
48 years$2,300$1,299$699$363$184$88
49 years$2,227$1,240$657$335$167$79
50 years$2,158$1,185$618$310$151$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,210,000, adding $6,771 every year, while hoping to spend $28,110 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: 64/6/30 Blend
53$2,210,000$2,210,000$2,210,000$2,210,000
54$2,442,404$2,325,274$2,291,019$2,578,716
55$2,661,621$2,409,304$2,337,860$2,756,024
56$2,902,255$2,496,509$2,385,327$2,946,018
57$3,166,462$2,587,015$2,433,413$3,153,040
58$3,456,616$2,680,954$2,482,107$3,378,768
59$3,775,332$2,778,461$2,531,398$3,625,053
60$4,125,490$2,879,680$2,581,274$3,893,930
61$4,510,264$2,984,758$2,631,721$4,187,645
62$4,933,151$3,093,851$2,682,723$4,508,666
63$5,398,001$3,207,118$2,734,263$4,859,716
64$5,909,058$3,324,728$2,786,322$5,243,793
65$6,470,998$3,446,856$2,838,880$5,664,197
66$7,088,971$3,573,683$2,891,913$6,124,567
67$7,768,652$3,705,399$2,945,398$6,628,910
68$8,516,293$3,842,203$2,999,308$7,181,638
69$9,338,784$3,984,300$3,053,614$7,787,616
70$10,243,715$4,131,905$3,108,285$8,452,201
71$11,239,448$4,285,243$3,163,287$9,181,293
72$12,335,199$4,444,547$3,218,584$9,981,397
73$13,541,120$4,610,061$3,274,138$10,859,676
74$14,868,399$4,782,038$3,329,906$11,824,023
75$16,329,361$4,960,744$3,385,843$12,883,135
76$17,937,590$5,146,455$3,441,903$14,046,594
77$19,708,052$5,339,458$3,498,034$15,324,957
78$21,657,236$5,540,055$3,554,182$16,729,858
79$23,803,315$5,748,558$3,610,287$18,274,113
80$26,166,310$5,965,295$3,666,289$19,971,847
81$28,768,285$6,190,606$3,722,122$21,838,620
82$31,633,552$6,424,847$3,777,714$23,891,580
83$34,788,899$6,668,390$3,832,993$26,149,621
84$38,263,847$6,921,621$3,887,878$28,633,563
85$42,090,923$7,184,944$3,942,285$31,366,348
86$46,305,972$7,458,781$3,996,127$34,373,253
87$50,948,492$7,743,572$4,049,308$37,682,136
88$56,062,007$8,039,776$4,101,729$41,323,692
89$61,694,480$8,347,873$4,153,284$45,331,743
90$67,898,760$8,668,362$4,203,863$49,743,563
91$74,733,087$9,001,765$4,253,345$54,600,222
92$82,261,638$9,348,628$4,301,609$59,946,979
93$90,555,133$9,709,519$4,348,521$65,833,707
94$99,691,503$10,085,032$4,393,943$72,315,364
95$109,756,625$10,475,787$4,437,728$79,452,510
96$120,845,132$10,882,431$4,479,723$87,311,882
97$133,061,306$11,305,641$4,519,765$95,967,020
98$146,520,064$11,746,123$4,557,682$105,498,965
99$161,348,041$12,204,613$4,593,295$115,997,019
100$177,684,784$12,681,881$4,626,412$127,559,593