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%18.6%
1 years$185,803$184,148$182,533$180,957$179,418$173,190
2 years$91,982$90,269$88,608$86,999$85,437$79,227
3 years$60,712$58,991$57,335$55,741$54,205$48,208
4 years$45,080$43,365$41,726$40,158$38,659$32,921
5 years$35,704$33,999$32,381$30,845$29,388$23,923
6 years$29,455$27,762$26,168$24,667$23,254$18,067
7 years$24,993$23,315$21,746$20,280$18,912$14,002
8 years$21,648$19,985$18,442$17,013$15,689$11,053
9 years$19,048$17,401$15,884$14,491$13,212$8,843
10 years$16,969$15,338$13,848$12,491$11,258$7,149
11 years$15,269$13,654$12,192$10,871$9,682$5,825
12 years$13,853$12,255$10,820$9,536$8,390$4,776
13 years$12,657$11,075$9,667$8,418$7,316$3,935
14 years$11,632$10,067$8,686$7,473$6,414$3,256
15 years$10,744$9,197$7,842$6,665$5,647$2,702
16 years$9,968$8,438$7,110$5,967$4,991$2,249
17 years$9,285$7,771$6,470$5,362$4,425$1,876
18 years$8,677$7,181$5,906$4,832$3,935$1,567
19 years$8,135$6,655$5,407$4,366$3,507$1,311
20 years$7,647$6,184$4,962$3,954$3,133$1,099
21 years$7,206$5,760$4,564$3,589$2,803$922
22 years$6,806$5,377$4,207$3,263$2,513$774
23 years$6,441$5,029$3,884$2,972$2,256$650
24 years$6,108$4,712$3,592$2,710$2,027$546
25 years$5,801$4,422$3,327$2,475$1,824$459
26 years$5,518$4,156$3,086$2,263$1,643$386
27 years$5,257$3,911$2,865$2,072$1,482$325
28 years$5,015$3,685$2,664$1,898$1,337$274
29 years$4,790$3,477$2,479$1,741$1,207$231
30 years$4,580$3,283$2,309$1,597$1,091$194
31 years$4,384$3,104$2,152$1,467$986$164
32 years$4,201$2,937$2,008$1,348$892$138
33 years$4,029$2,781$1,875$1,240$807$116
34 years$3,868$2,636$1,752$1,141$731$98
35 years$3,716$2,500$1,638$1,050$662$82
36 years$3,574$2,373$1,532$967$600$69
37 years$3,439$2,254$1,434$891$544$59
38 years$3,311$2,142$1,343$821$493$49
39 years$3,190$2,037$1,258$757$447$42
40 years$3,076$1,938$1,179$699$405$35
41 years$2,968$1,845$1,106$644$368$30
42 years$2,865$1,757$1,037$595$334$25
43 years$2,767$1,674$973$549$303$21
44 years$2,673$1,596$914$507$275$18
45 years$2,584$1,522$858$468$250$15
46 years$2,500$1,451$806$432$227$13
47 years$2,419$1,385$757$400$206$11
48 years$2,341$1,322$711$369$187$9
49 years$2,268$1,263$669$341$170$8
50 years$2,197$1,206$629$315$154$6

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 $5,880 every year, while hoping to spend $28,421 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: 83/5/12 Blend
53$2,250,000$2,250,000$2,250,000$2,250,000
54$2,485,565$2,366,315$2,331,440$2,686,153
55$2,708,853$2,452,025$2,379,304$2,904,125
56$2,953,964$2,540,982$2,427,818$3,139,088
57$3,223,093$2,633,315$2,476,975$3,396,279
58$3,518,661$2,729,159$2,526,766$3,677,916
59$3,843,330$2,828,654$2,577,178$3,986,445
60$4,200,038$2,931,946$2,628,202$4,324,555
61$4,592,017$3,039,187$2,679,822$4,695,211
62$5,022,831$3,150,535$2,732,024$5,101,678
63$5,496,404$3,266,156$2,784,792$5,547,553
64$6,017,062$3,386,222$2,838,106$6,036,798
65$6,589,566$3,510,911$2,891,947$6,573,777
66$7,219,168$3,640,412$2,946,293$7,163,299
67$7,911,649$3,774,918$3,001,120$7,810,660
68$8,673,381$3,914,633$3,056,401$8,521,696
69$9,511,384$4,059,768$3,112,109$9,302,835
70$10,433,393$4,210,544$3,168,212$10,161,160
71$11,447,930$4,367,192$3,224,678$11,104,474
72$12,564,385$4,529,951$3,281,472$12,141,374
73$13,793,105$4,699,071$3,338,553$13,281,331
74$15,145,490$4,874,813$3,395,883$14,534,783
75$16,634,100$5,057,450$3,453,416$15,913,226
76$18,272,778$5,247,264$3,511,105$17,429,331
77$20,076,774$5,444,553$3,568,899$19,097,056
78$22,062,893$5,649,624$3,626,745$20,931,781
79$24,249,652$5,862,799$3,684,585$22,950,454
80$26,657,455$6,084,415$3,742,357$25,171,746
81$29,308,786$6,314,822$3,799,997$27,616,234
82$32,228,419$6,554,385$3,857,434$30,306,589
83$35,443,654$6,803,487$3,914,594$33,267,791
84$38,984,573$7,062,524$3,971,399$36,527,366
85$42,884,325$7,331,912$4,027,766$40,115,646
86$47,179,435$7,612,085$4,083,606$44,066,053
87$51,910,156$7,903,496$4,138,825$48,415,413
88$57,120,840$8,206,616$4,193,324$53,204,310
89$62,860,364$8,521,937$4,246,998$58,477,459
90$69,182,584$8,849,976$4,299,736$64,284,136
91$76,146,851$9,191,267$4,351,420$70,678,640
92$83,818,563$9,546,373$4,401,926$77,720,803
93$92,269,789$9,915,878$4,451,123$85,476,557
94$101,579,945$10,300,393$4,498,873$94,018,556
95$111,836,544$10,700,557$4,545,030$103,426,860
96$123,136,022$11,117,035$4,589,439$113,789,693
97$135,584,650$11,550,524$4,631,939$125,204,272
98$149,299,534$12,001,749$4,672,359$137,777,727
99$164,409,722$12,471,470$4,710,518$151,628,109
100$181,057,419$12,960,478$4,746,226$166,885,510