Can I retire at age 54 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$184,151$182,511$180,911$179,349$177,823$170,768
2 years$91,164$89,466$87,821$86,225$84,678$77,657
3 years$60,172$58,467$56,826$55,245$53,723$46,958
4 years$44,679$42,980$41,355$39,801$38,316$31,858
5 years$35,386$33,696$32,093$30,571$29,127$22,993
6 years$29,193$27,516$25,936$24,448$23,047$17,241
7 years$24,771$23,108$21,553$20,100$18,744$13,262
8 years$21,455$19,808$18,278$16,861$15,550$10,388
9 years$18,878$17,246$15,743$14,362$13,095$8,246
10 years$16,818$15,202$13,725$12,380$11,158$6,611
11 years$15,133$13,533$12,084$10,775$9,596$5,341
12 years$13,730$12,147$10,724$9,451$8,316$4,342
13 years$12,544$10,977$9,581$8,344$7,251$3,546
14 years$11,528$9,978$8,609$7,407$6,357$2,907
15 years$10,649$9,115$7,772$6,605$5,597$2,391
16 years$9,880$8,363$7,047$5,914$4,946$1,971
17 years$9,202$7,702$6,412$5,314$4,386$1,628
18 years$8,600$7,117$5,854$4,789$3,900$1,347
19 years$8,062$6,596$5,359$4,327$3,476$1,116
20 years$7,579$6,129$4,918$3,919$3,105$926
21 years$7,142$5,709$4,524$3,557$2,778$769
22 years$6,746$5,329$4,169$3,234$2,490$639
23 years$6,384$4,984$3,850$2,945$2,236$531
24 years$6,053$4,670$3,560$2,686$2,009$442
25 years$5,749$4,382$3,297$2,453$1,808$368
26 years$5,469$4,119$3,058$2,243$1,629$306
27 years$5,210$3,876$2,840$2,053$1,468$255
28 years$4,970$3,653$2,640$1,881$1,325$212
29 years$4,747$3,446$2,457$1,725$1,196$177
30 years$4,539$3,254$2,288$1,583$1,081$147
31 years$4,345$3,076$2,133$1,454$977$123
32 years$4,164$2,911$1,990$1,336$884$102
33 years$3,994$2,757$1,858$1,229$800$85
34 years$3,834$2,613$1,736$1,131$724$71
35 years$3,683$2,478$1,623$1,041$656$59
36 years$3,542$2,352$1,519$959$594$49
37 years$3,408$2,234$1,421$883$539$41
38 years$3,282$2,123$1,331$814$488$34
39 years$3,162$2,019$1,247$751$443$29
40 years$3,049$1,921$1,169$692$402$24
41 years$2,941$1,828$1,096$639$365$20
42 years$2,839$1,741$1,028$589$331$17
43 years$2,742$1,659$965$544$300$14
44 years$2,650$1,581$906$502$272$12
45 years$2,561$1,508$850$464$247$10
46 years$2,477$1,439$799$429$225$8
47 years$2,397$1,373$750$396$204$7
48 years$2,321$1,311$705$366$185$6
49 years$2,247$1,252$663$338$168$5
50 years$2,177$1,195$623$313$153$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,230,000, adding $5,843 every year, while hoping to spend $26,224 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: 57/17/26 Blend
53$2,230,000$2,230,000$2,230,000$2,230,000
54$2,463,487$2,345,297$2,310,732$2,586,115
55$2,686,861$2,432,314$2,360,239$2,757,797
56$2,932,139$2,522,717$2,410,526$2,941,566
57$3,201,530$2,616,642$2,461,591$3,141,321
58$3,497,463$2,714,235$2,513,432$3,358,613
59$3,822,617$2,815,645$2,566,044$3,595,149
60$4,179,941$2,921,029$2,619,424$3,852,811
61$4,572,687$3,030,551$2,673,566$4,133,666
62$5,004,433$3,144,380$2,728,463$4,439,994
63$5,479,126$3,262,696$2,784,107$4,774,301
64$6,001,111$3,385,682$2,840,489$5,139,347
65$6,575,176$3,513,532$2,897,598$5,538,173
66$7,206,598$3,646,449$2,955,421$5,974,125
67$7,901,188$3,784,643$3,013,945$6,450,888
68$8,665,352$3,928,332$3,073,154$6,972,520
69$9,506,145$4,077,747$3,133,032$7,543,490
70$10,431,341$4,233,127$3,193,558$8,168,718
71$11,449,509$4,394,721$3,254,713$8,853,624
72$12,570,086$4,562,789$3,316,473$9,604,179
73$13,803,472$4,737,603$3,378,813$10,426,956
74$15,161,128$4,919,448$3,441,705$11,329,198
75$16,655,680$5,108,618$3,505,119$12,318,880
76$18,301,043$5,305,423$3,569,024$13,404,789
77$20,112,546$5,510,186$3,633,383$14,596,603
78$22,107,085$5,723,244$3,698,160$15,904,984
79$24,303,272$5,944,947$3,763,313$17,341,675
80$26,721,620$6,175,664$3,828,798$18,919,616
81$29,384,732$6,415,778$3,894,569$20,653,059
82$32,317,512$6,665,689$3,960,575$22,557,707
83$35,547,405$6,925,815$4,026,761$24,650,857
84$39,104,653$7,196,592$4,093,070$26,951,570
85$43,022,579$7,478,477$4,159,440$29,480,842
86$47,337,906$7,771,946$4,225,805$32,261,806
87$52,091,097$8,077,496$4,292,094$35,319,949
88$57,326,742$8,395,647$4,358,232$38,683,354
89$63,093,978$8,726,941$4,424,141$42,382,959
90$69,446,948$9,071,946$4,489,734$46,452,853
91$76,445,319$9,431,253$4,554,923$50,930,598
92$84,154,840$9,805,483$4,619,610$55,857,577
93$92,647,962$10,195,280$4,683,696$61,279,388
94$102,004,527$10,601,322$4,747,073$67,246,275
95$112,312,516$11,024,313$4,809,627$73,813,597
96$123,668,880$11,464,993$4,871,237$81,042,354
97$136,180,459$11,924,131$4,931,777$88,999,759
98$149,964,986$12,402,533$4,991,111$97,759,872
99$165,152,199$12,901,042$5,049,098$107,404,299
100$181,885,068$13,420,537$5,105,588$118,022,963