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%19.2%
1 years$182,500$180,874$179,288$177,740$176,229$169,706
2 years$90,346$88,664$87,033$85,452$83,918$77,421
3 years$59,633$57,943$56,316$54,750$53,241$46,973
4 years$44,279$42,594$40,984$39,444$37,972$31,981
5 years$35,069$33,394$31,805$30,297$28,866$23,167
6 years$28,931$27,269$25,703$24,229$22,841$17,438
7 years$24,548$22,900$21,359$19,920$18,575$13,468
8 years$21,263$19,630$18,115$16,710$15,410$10,594
9 years$18,709$17,091$15,602$14,233$12,978$8,445
10 years$16,667$15,065$13,602$12,269$11,058$6,801
11 years$14,997$13,412$11,975$10,678$9,510$5,520
12 years$13,607$12,038$10,628$9,366$8,241$4,508
13 years$12,432$10,878$9,495$8,269$7,186$3,699
14 years$11,425$9,888$8,531$7,340$6,300$3,048
15 years$10,553$9,033$7,703$6,546$5,547$2,519
16 years$9,791$8,288$6,984$5,861$4,902$2,087
17 years$9,119$7,633$6,355$5,266$4,347$1,733
18 years$8,523$7,053$5,801$4,746$3,865$1,442
19 years$7,990$6,537$5,311$4,288$3,445$1,201
20 years$7,511$6,074$4,874$3,884$3,077$1,001
21 years$7,078$5,658$4,483$3,525$2,753$836
22 years$6,685$5,281$4,132$3,205$2,468$698
23 years$6,327$4,940$3,815$2,919$2,216$584
24 years$5,999$4,628$3,528$2,662$1,991$488
25 years$5,698$4,343$3,268$2,431$1,792$409
26 years$5,420$4,082$3,031$2,223$1,614$342
27 years$5,163$3,842$2,814$2,035$1,455$287
28 years$4,926$3,620$2,616$1,864$1,313$240
29 years$4,705$3,415$2,435$1,710$1,186$201
30 years$4,499$3,225$2,268$1,569$1,071$169
31 years$4,306$3,049$2,114$1,441$969$141
32 years$4,126$2,885$1,973$1,324$876$119
33 years$3,958$2,732$1,842$1,218$793$99
34 years$3,799$2,589$1,721$1,120$718$83
35 years$3,650$2,456$1,609$1,031$650$70
36 years$3,510$2,331$1,505$950$589$59
37 years$3,377$2,214$1,409$875$534$49
38 years$3,252$2,104$1,319$807$484$41
39 years$3,134$2,001$1,236$744$439$35
40 years$3,021$1,903$1,158$686$398$29
41 years$2,915$1,812$1,086$633$361$24
42 years$2,814$1,726$1,019$584$328$20
43 years$2,717$1,644$956$539$297$17
44 years$2,626$1,567$898$498$270$14
45 years$2,539$1,494$843$460$245$12
46 years$2,455$1,426$792$425$223$10
47 years$2,376$1,361$744$392$202$8
48 years$2,300$1,299$699$363$184$7
49 years$2,227$1,240$657$335$167$6
50 years$2,158$1,185$618$310$151$5

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 $2,361 every year, while hoping to spend $36,383 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: 66/27/7 Blend
53$2,210,000$2,210,000$2,210,000$2,210,000
54$2,437,855$2,320,725$2,286,470$2,595,613
55$2,647,805$2,395,730$2,324,356$2,775,709
56$2,877,951$2,473,190$2,362,291$2,967,883
57$3,130,313$2,553,188$2,400,239$3,176,939
58$3,407,120$2,635,808$2,438,162$3,404,517
59$3,710,822$2,721,138$2,476,016$3,652,423
60$4,044,121$2,809,269$2,513,758$3,922,644
61$4,409,992$2,900,295$2,551,340$4,217,368
62$4,811,714$2,994,312$2,588,713$4,539,002
63$5,252,897$3,091,421$2,625,822$4,890,198
64$5,737,517$3,191,725$2,662,612$5,273,872
65$6,269,956$3,295,333$2,699,022$5,693,238
66$6,855,042$3,402,354$2,734,989$6,151,834
67$7,498,091$3,512,904$2,770,446$6,653,555
68$8,204,961$3,627,102$2,805,321$7,202,690
69$8,982,108$3,745,070$2,839,540$7,803,963
70$9,836,641$3,866,937$2,873,023$8,462,577
71$10,776,395$3,992,833$2,905,686$9,184,261
72$11,810,001$4,122,896$2,937,440$9,975,324
73$12,946,969$4,257,265$2,968,192$10,842,716
74$14,197,776$4,396,088$2,997,843$11,794,094
75$15,573,968$4,539,514$3,026,289$12,837,889
76$17,088,263$4,687,702$3,053,420$13,983,388
77$18,754,678$4,840,811$3,079,122$15,240,823
78$20,588,655$4,999,010$3,103,272$16,621,465
79$22,607,209$5,162,473$3,125,743$18,137,729
80$24,829,089$5,331,378$3,146,400$19,803,293
81$27,274,952$5,505,912$3,165,100$21,633,224
82$29,967,562$5,686,267$3,181,696$23,644,123
83$32,932,002$5,872,643$3,196,031$25,854,276
84$36,195,908$6,065,244$3,207,941$28,283,834
85$39,789,736$6,264,286$3,217,251$30,954,993
86$43,747,041$6,469,989$3,223,782$33,892,210
87$48,104,803$6,682,581$3,227,342$37,122,432
88$52,903,767$6,902,302$3,227,732$40,675,347
89$58,188,831$7,129,395$3,224,741$44,583,664
90$64,009,472$7,364,115$3,218,150$48,883,426
91$70,420,208$7,606,726$3,207,728$53,614,342
92$77,481,114$7,857,501$3,193,232$58,820,168
93$85,258,392$8,116,723$3,174,409$64,549,113
94$93,824,989$8,384,683$3,150,993$70,854,300
95$103,261,291$8,661,686$3,122,705$77,794,259
96$113,655,881$8,948,047$3,089,253$85,433,487
97$125,106,369$9,244,089$3,050,331$93,843,049
98$137,720,321$9,550,153$3,005,620$103,101,252
99$151,616,269$9,866,585$2,954,784$113,294,383
100$166,924,831$10,193,750$2,897,471$124,517,518