Can I retire at age 54 with 2,220,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$183,326$181,693$180,099$178,544$177,026$176,206
2 years$90,755$89,065$87,427$85,839$84,298$83,470
3 years$59,902$58,205$56,571$54,998$53,482$52,672
4 years$44,479$42,787$41,169$39,623$38,144$37,358
5 years$35,228$33,545$31,949$30,434$28,996$28,237
6 years$29,062$27,392$25,820$24,338$22,944$22,212
7 years$24,659$23,004$21,456$20,010$18,660$17,956
8 years$21,359$19,719$18,197$16,786$15,480$14,804
9 years$18,794$17,169$15,673$14,298$13,036$12,388
10 years$16,742$15,133$13,664$12,325$11,108$10,487
11 years$15,065$13,472$12,029$10,726$9,553$8,959
12 years$13,669$12,092$10,676$9,408$8,278$7,711
13 years$12,488$10,928$9,538$8,306$7,219$6,678
14 years$11,477$9,933$8,570$7,373$6,328$5,812
15 years$10,601$9,074$7,738$6,576$5,572$5,081
16 years$9,835$8,325$7,015$5,888$4,924$4,457
17 years$9,161$7,667$6,384$5,290$4,366$3,923
18 years$8,562$7,085$5,827$4,768$3,882$3,461
19 years$8,026$6,566$5,335$4,308$3,460$3,061
20 years$7,545$6,102$4,896$3,902$3,091$2,713
21 years$7,110$5,683$4,503$3,541$2,766$2,409
22 years$6,715$5,305$4,150$3,220$2,479$2,142
23 years$6,356$4,962$3,832$2,932$2,226$1,907
24 years$6,026$4,649$3,544$2,674$2,000$1,700
25 years$5,724$4,363$3,283$2,442$1,800$1,517
26 years$5,445$4,100$3,044$2,233$1,621$1,355
27 years$5,187$3,859$2,827$2,044$1,462$1,211
28 years$4,948$3,636$2,628$1,873$1,319$1,083
29 years$4,726$3,430$2,446$1,717$1,191$970
30 years$4,519$3,240$2,278$1,576$1,076$869
31 years$4,326$3,062$2,124$1,448$973$778
32 years$4,145$2,898$1,982$1,330$880$698
33 years$3,976$2,744$1,850$1,223$797$626
34 years$3,817$2,601$1,729$1,126$721$562
35 years$3,667$2,467$1,616$1,036$653$504
36 years$3,526$2,341$1,512$954$592$452
37 years$3,393$2,224$1,415$879$536$406
38 years$3,267$2,113$1,325$810$486$365
39 years$3,148$2,010$1,242$747$441$328
40 years$3,035$1,912$1,164$689$400$295
41 years$2,928$1,820$1,091$636$363$265
42 years$2,826$1,733$1,024$587$329$238
43 years$2,730$1,652$960$542$299$214
44 years$2,638$1,574$902$500$271$192
45 years$2,550$1,501$847$462$246$173
46 years$2,466$1,432$795$427$224$156
47 years$2,387$1,367$747$394$203$140
48 years$2,310$1,305$702$364$184$126
49 years$2,237$1,246$660$337$167$113
50 years$2,167$1,190$620$311$152$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,220,000, adding $3,804 every year, while hoping to spend $52,825 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: 73/21/6 Blend
53$2,220,000$2,220,000$2,220,000$2,220,000
54$2,450,364$2,332,704$2,298,294$2,627,268
55$2,644,096$2,390,801$2,319,081$2,802,421
56$2,855,817$2,449,974$2,338,795$2,987,154
57$3,087,309$2,510,221$2,357,342$3,187,960
58$3,340,528$2,571,536$2,374,627$3,406,408
59$3,617,633$2,633,912$2,390,548$3,644,224
60$3,920,999$2,697,341$2,404,998$3,903,312
61$4,253,240$2,761,810$2,417,865$4,185,766
62$4,617,237$2,827,305$2,429,030$4,493,892
63$5,016,162$2,893,810$2,438,370$4,830,232
64$5,453,508$2,961,304$2,445,753$5,197,583
65$5,933,124$3,029,766$2,451,043$5,599,026
66$6,459,245$3,099,167$2,454,096$6,037,958
67$7,036,541$3,169,479$2,454,761$6,518,115
68$7,670,153$3,240,668$2,452,880$7,043,619
69$8,365,743$3,312,695$2,448,286$7,619,005
70$9,129,550$3,385,519$2,440,805$8,249,273
71$9,968,446$3,459,091$2,430,254$8,939,929
72$10,890,001$3,533,361$2,416,442$9,697,040
73$11,902,556$3,608,270$2,399,167$10,527,291
74$13,015,297$3,683,756$2,378,219$11,438,044
75$14,238,346$3,759,749$2,353,379$12,437,416
76$15,582,855$3,836,173$2,324,414$13,534,344
77$17,061,107$3,912,946$2,291,082$14,738,679
78$18,686,638$3,989,979$2,253,132$16,061,273
79$20,474,360$4,067,173$2,210,297$17,514,087
80$22,440,703$4,144,423$2,162,300$19,110,295
81$24,603,768$4,221,613$2,108,851$20,864,418
82$26,983,501$4,298,621$2,049,646$22,792,455
83$29,601,876$4,375,311$1,984,367$24,912,034
84$32,483,107$4,451,540$1,912,682$27,242,582
85$35,653,870$4,527,153$1,834,244$29,805,505
86$39,143,563$4,601,981$1,748,689$32,624,391
87$42,984,573$4,675,845$1,655,637$35,725,233
88$47,212,590$4,748,552$1,554,691$39,136,675
89$51,866,938$4,819,895$1,445,437$42,890,281
90$56,990,948$4,889,651$1,327,441$47,020,832
91$62,632,364$4,957,584$1,200,250$51,566,658
92$68,843,797$5,023,438$1,063,390$56,569,998
93$75,683,219$5,086,941$916,369$62,077,395
94$83,214,509$5,147,802$758,668$68,140,144
95$91,508,055$5,205,711$589,750$74,814,767
96$100,641,422$5,260,336$409,052$82,163,555
97$110,700,078$5,311,323$215,986$90,255,149
98$121,778,204$5,358,296$9,939$99,165,194
99$133,979,580$5,400,852$0$108,977,048
100$147,418,566$5,438,563$0$119,796,017