Can I retire at age 54 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$185,803$184,148$182,533$180,957$179,418$174,868
2 years$91,982$90,269$88,608$86,999$85,437$80,882
3 years$60,712$58,991$57,335$55,741$54,205$49,788
4 years$45,080$43,365$41,726$40,158$38,659$34,415
5 years$35,704$33,999$32,381$30,845$29,388$25,327
6 years$29,455$27,762$26,168$24,667$23,254$19,380
7 years$24,993$23,315$21,746$20,280$18,912$15,226
8 years$21,648$19,985$18,442$17,013$15,689$12,190
9 years$19,048$17,401$15,884$14,491$13,212$9,897
10 years$16,969$15,338$13,848$12,491$11,258$8,122
11 years$15,269$13,654$12,192$10,871$9,682$6,721
12 years$13,853$12,255$10,820$9,536$8,390$5,599
13 years$12,657$11,075$9,667$8,418$7,316$4,689
14 years$11,632$10,067$8,686$7,473$6,414$3,944
15 years$10,744$9,197$7,842$6,665$5,647$3,330
16 years$9,968$8,438$7,110$5,967$4,991$2,819
17 years$9,285$7,771$6,470$5,362$4,425$2,393
18 years$8,677$7,181$5,906$4,832$3,935$2,035
19 years$8,135$6,655$5,407$4,366$3,507$1,734
20 years$7,647$6,184$4,962$3,954$3,133$1,480
21 years$7,206$5,760$4,564$3,589$2,803$1,264
22 years$6,806$5,377$4,207$3,263$2,513$1,081
23 years$6,441$5,029$3,884$2,972$2,256$926
24 years$6,108$4,712$3,592$2,710$2,027$793
25 years$5,801$4,422$3,327$2,475$1,824$680
26 years$5,518$4,156$3,086$2,263$1,643$583
27 years$5,257$3,911$2,865$2,072$1,482$500
28 years$5,015$3,685$2,664$1,898$1,337$430
29 years$4,790$3,477$2,479$1,741$1,207$369
30 years$4,580$3,283$2,309$1,597$1,091$317
31 years$4,384$3,104$2,152$1,467$986$272
32 years$4,201$2,937$2,008$1,348$892$234
33 years$4,029$2,781$1,875$1,240$807$201
34 years$3,868$2,636$1,752$1,141$731$173
35 years$3,716$2,500$1,638$1,050$662$149
36 years$3,574$2,373$1,532$967$600$128
37 years$3,439$2,254$1,434$891$544$110
38 years$3,311$2,142$1,343$821$493$95
39 years$3,190$2,037$1,258$757$447$81
40 years$3,076$1,938$1,179$699$405$70
41 years$2,968$1,845$1,106$644$368$60
42 years$2,865$1,757$1,037$595$334$52
43 years$2,767$1,674$973$549$303$45
44 years$2,673$1,596$914$507$275$38
45 years$2,584$1,522$858$468$250$33
46 years$2,500$1,451$806$432$227$28
47 years$2,419$1,385$757$400$206$24
48 years$2,341$1,322$711$369$187$21
49 years$2,268$1,263$669$341$170$18
50 years$2,197$1,206$629$315$154$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,250,000, adding $3,367 every year, while hoping to spend $27,688 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: 46/42/12 Blend
53$2,250,000$2,250,000$2,250,000$2,250,000
54$2,482,973$2,363,723$2,328,848$2,588,653
55$2,706,776$2,450,086$2,377,405$2,748,531
56$2,952,480$2,539,752$2,426,660$2,918,763
57$3,222,288$2,632,855$2,476,608$3,102,816
58$3,518,629$2,729,532$2,527,242$3,301,982
59$3,844,178$2,829,929$2,578,554$3,517,678
60$4,201,883$2,934,194$2,630,534$3,751,465
61$4,594,990$3,042,484$2,683,172$4,005,055
62$5,027,076$3,154,963$2,736,455$4,280,332
63$5,502,082$3,271,800$2,790,371$4,579,367
64$6,024,349$3,393,174$2,844,903$4,904,438
65$6,598,661$3,519,267$2,900,035$5,258,047
66$7,230,287$3,650,274$2,955,749$5,642,950
67$7,925,034$3,786,395$3,012,024$6,062,176
68$8,689,298$3,927,839$3,068,838$6,519,057
69$9,530,129$4,074,825$3,126,166$7,017,259
70$10,455,291$4,227,582$3,183,982$7,560,817
71$11,473,343$4,386,345$3,242,258$8,154,169
72$12,593,712$4,551,364$3,300,961$8,802,199
73$13,826,786$4,722,896$3,360,059$9,510,285
74$15,184,012$4,901,212$3,419,515$10,284,342
75$16,678,002$5,086,592$3,479,289$11,130,883
76$18,322,654$5,279,330$3,539,341$12,057,077
77$20,133,280$5,479,733$3,599,624$13,070,817
78$22,126,754$5,688,120$3,660,091$14,180,790
79$24,321,669$5,904,823$3,720,690$15,396,563
80$26,738,511$6,130,192$3,781,365$16,728,666
81$29,399,857$6,364,588$3,842,058$18,188,697
82$32,330,581$6,608,392$3,902,706$19,789,425
83$35,558,095$6,861,998$3,963,242$21,544,911
84$39,112,604$7,125,820$4,023,594$23,470,640
85$43,027,392$7,400,287$4,083,687$25,583,665
86$47,339,135$7,685,851$4,143,440$27,902,767
87$52,088,250$7,982,980$4,202,767$30,448,628
88$57,319,270$8,292,164$4,261,578$33,244,030
89$63,081,272$8,613,917$4,319,778$36,314,064
90$69,428,334$8,948,771$4,377,263$39,686,367
91$76,420,049$9,297,286$4,433,926$43,391,380
92$84,122,084$9,660,043$4,489,653$47,462,633
93$92,606,804$10,037,653$4,544,324$51,937,064
94$101,953,950$10,430,749$4,597,810$56,855,359
95$112,251,394$10,839,997$4,649,978$62,262,338
96$123,595,968$11,266,089$4,700,684$68,207,375
97$136,094,380$11,709,750$4,749,780$74,744,864
98$149,864,216$12,171,737$4,797,107$81,934,725
99$165,035,053$12,652,840$4,842,497$89,842,971
100$181,749,684$13,153,884$4,885,776$98,542,329