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%14.7%
1 years$182,500$180,874$179,288$177,740$176,229$172,812
2 years$90,346$88,664$87,033$85,452$83,918$80,490
3 years$59,633$57,943$56,316$54,750$53,241$49,908
4 years$44,279$42,594$40,984$39,444$37,972$34,760
5 years$35,069$33,394$31,805$30,297$28,866$25,783
6 years$28,931$27,269$25,703$24,229$22,841$19,892
7 years$24,548$22,900$21,359$19,920$18,575$15,761
8 years$21,263$19,630$18,115$16,710$15,410$12,729
9 years$18,709$17,091$15,602$14,233$12,978$10,428
10 years$16,667$15,065$13,602$12,269$11,058$8,637
11 years$14,997$13,412$11,975$10,678$9,510$7,216
12 years$13,607$12,038$10,628$9,366$8,241$6,070
13 years$12,432$10,878$9,495$8,269$7,186$5,135
14 years$11,425$9,888$8,531$7,340$6,300$4,364
15 years$10,553$9,033$7,703$6,546$5,547$3,722
16 years$9,791$8,288$6,984$5,861$4,902$3,186
17 years$9,119$7,633$6,355$5,266$4,347$2,733
18 years$8,523$7,053$5,801$4,746$3,865$2,351
19 years$7,990$6,537$5,311$4,288$3,445$2,025
20 years$7,511$6,074$4,874$3,884$3,077$1,748
21 years$7,078$5,658$4,483$3,525$2,753$1,511
22 years$6,685$5,281$4,132$3,205$2,468$1,307
23 years$6,327$4,940$3,815$2,919$2,216$1,132
24 years$5,999$4,628$3,528$2,662$1,991$981
25 years$5,698$4,343$3,268$2,431$1,792$851
26 years$5,420$4,082$3,031$2,223$1,614$739
27 years$5,163$3,842$2,814$2,035$1,455$642
28 years$4,926$3,620$2,616$1,864$1,313$558
29 years$4,705$3,415$2,435$1,710$1,186$485
30 years$4,499$3,225$2,268$1,569$1,071$422
31 years$4,306$3,049$2,114$1,441$969$367
32 years$4,126$2,885$1,973$1,324$876$319
33 years$3,958$2,732$1,842$1,218$793$278
34 years$3,799$2,589$1,721$1,120$718$242
35 years$3,650$2,456$1,609$1,031$650$211
36 years$3,510$2,331$1,505$950$589$184
37 years$3,377$2,214$1,409$875$534$160
38 years$3,252$2,104$1,319$807$484$139
39 years$3,134$2,001$1,236$744$439$121
40 years$3,021$1,903$1,158$686$398$106
41 years$2,915$1,812$1,086$633$361$92
42 years$2,814$1,726$1,019$584$328$80
43 years$2,717$1,644$956$539$297$70
44 years$2,626$1,567$898$498$270$61
45 years$2,539$1,494$843$460$245$53
46 years$2,455$1,426$792$425$223$46
47 years$2,376$1,361$744$392$202$40
48 years$2,300$1,299$699$363$184$35
49 years$2,227$1,240$657$335$167$31
50 years$2,158$1,185$618$310$151$27

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 $4,372 every year, while hoping to spend $32,556 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: 63/23/14 Blend
53$2,210,000$2,210,000$2,210,000$2,210,000
54$2,439,930$2,322,800$2,288,545$2,585,135
55$2,654,163$2,401,978$2,330,572$2,762,194
56$2,889,157$2,483,944$2,372,915$2,951,331
57$3,146,995$2,568,801$2,415,552$3,157,071
58$3,429,972$2,656,656$2,458,456$3,381,027
59$3,740,615$2,747,617$2,501,600$3,624,979
60$4,081,708$2,841,801$2,544,954$3,890,882
61$4,456,318$2,939,325$2,588,486$4,180,889
62$4,867,824$3,040,314$2,632,162$4,497,372
63$5,319,948$3,144,895$2,675,945$4,842,940
64$5,816,791$3,253,203$2,719,797$5,220,466
65$6,362,869$3,365,375$2,763,676$5,633,115
66$6,963,159$3,481,556$2,807,536$6,084,368
67$7,623,143$3,601,895$2,851,331$6,578,063
68$8,348,863$3,726,547$2,895,010$7,118,424
69$9,146,974$3,855,674$2,938,519$7,710,101
70$10,024,807$3,989,444$2,981,802$8,358,218
71$10,990,442$4,128,032$3,024,797$9,068,417
72$12,052,780$4,271,617$3,067,440$9,846,912
73$13,221,627$4,420,390$3,109,663$10,700,548
74$14,507,790$4,574,546$3,151,394$11,636,863
75$15,923,174$4,734,289$3,192,555$12,664,163
76$17,480,899$4,899,830$3,233,067$13,791,593
77$19,195,419$5,071,390$3,272,842$15,029,231
78$21,082,661$5,249,197$3,311,792$16,388,176
79$23,160,175$5,433,491$3,349,820$17,880,656
80$25,447,299$5,624,518$3,386,824$19,520,142
81$27,965,340$5,822,535$3,422,699$21,321,474
82$30,737,777$6,027,812$3,457,333$23,301,001
83$33,790,482$6,240,627$3,490,605$25,476,734
84$37,151,963$6,461,269$3,522,392$27,868,517
85$40,853,632$6,690,040$3,552,561$30,498,214
86$44,930,105$6,927,255$3,580,974$33,389,912
87$49,419,525$7,173,239$3,607,486$36,570,150
88$54,363,921$7,428,333$3,631,942$40,068,168
89$59,809,610$7,692,890$3,654,180$43,916,183
90$65,807,626$7,967,278$3,674,032$48,149,691
91$72,414,210$8,251,880$3,691,318$52,807,804
92$79,691,333$8,547,096$3,705,850$57,933,616
93$87,707,285$8,853,339$3,717,432$63,574,610
94$96,537,318$9,171,043$3,725,856$69,783,104
95$106,264,357$9,500,657$3,730,905$76,616,748
96$116,979,781$9,842,649$3,732,350$84,139,063
97$128,784,287$10,197,507$3,729,952$92,420,041
98$141,788,838$10,565,739$3,723,460$101,536,807
99$156,115,714$10,947,874$3,712,609$111,574,343
100$171,899,659$11,344,463$3,697,124$122,626,292