Can I retire at age 54 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$186,629$184,966$183,344$181,761$180,216$178,259
2 years$92,390$90,670$89,002$87,385$85,817$83,847
3 years$60,982$59,254$57,590$55,989$54,446$52,524
4 years$45,281$43,558$41,911$40,337$38,831$36,972
5 years$35,862$34,150$32,525$30,982$29,519$27,727
6 years$29,585$27,886$26,285$24,777$23,357$21,636
7 years$25,104$23,419$21,843$20,370$18,996$17,345
8 years$21,744$20,074$18,524$17,088$15,759$14,179
9 years$19,132$17,478$15,955$14,555$13,271$11,761
10 years$17,044$15,406$13,910$12,547$11,308$9,867
11 years$15,337$13,715$12,246$10,920$9,725$8,352
12 years$13,915$12,310$10,868$9,578$8,427$7,121
13 years$12,713$11,125$9,710$8,456$7,349$6,108
14 years$11,683$10,112$8,724$7,506$6,442$5,264
15 years$10,792$9,237$7,877$6,694$5,672$4,556
16 years$10,013$8,475$7,142$5,994$5,013$3,956
17 years$9,326$7,805$6,499$5,385$4,445$3,445
18 years$8,716$7,212$5,932$4,853$3,952$3,008
19 years$8,171$6,684$5,431$4,385$3,523$2,632
20 years$7,681$6,211$4,984$3,972$3,146$2,307
21 years$7,238$5,786$4,584$3,605$2,816$2,026
22 years$6,836$5,401$4,225$3,278$2,524$1,781
23 years$6,470$5,051$3,901$2,985$2,266$1,568
24 years$6,135$4,733$3,608$2,722$2,036$1,382
25 years$5,827$4,441$3,342$2,486$1,832$1,219
26 years$5,543$4,174$3,099$2,273$1,651$1,076
27 years$5,280$3,928$2,878$2,081$1,488$950
28 years$5,037$3,702$2,675$1,906$1,343$840
29 years$4,811$3,492$2,490$1,748$1,213$743
30 years$4,600$3,298$2,319$1,604$1,096$657
31 years$4,404$3,118$2,162$1,474$991$582
32 years$4,220$2,950$2,017$1,354$896$515
33 years$4,047$2,794$1,883$1,245$811$456
34 years$3,885$2,648$1,760$1,146$734$404
35 years$3,733$2,511$1,645$1,055$665$358
36 years$3,589$2,384$1,539$971$602$318
37 years$3,454$2,264$1,441$895$546$282
38 years$3,326$2,152$1,349$825$495$250
39 years$3,205$2,046$1,264$761$449$222
40 years$3,090$1,946$1,185$702$407$197
41 years$2,981$1,853$1,111$647$369$174
42 years$2,877$1,765$1,042$597$335$155
43 years$2,779$1,681$978$551$304$137
44 years$2,685$1,603$918$509$276$122
45 years$2,596$1,528$862$470$251$108
46 years$2,511$1,458$809$434$228$96
47 years$2,430$1,391$760$401$207$85
48 years$2,352$1,328$715$371$188$76
49 years$2,278$1,268$672$343$170$67
50 years$2,207$1,212$631$317$155$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,260,000, adding $3,750 every year, while hoping to spend $42,725 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: 78/8/14 Blend
53$2,260,000$2,260,000$2,260,000$2,260,000
54$2,494,388$2,374,608$2,339,578$2,681,526
55$2,703,357$2,445,505$2,372,495$2,876,208
56$2,932,208$2,518,444$2,405,082$3,083,882
57$3,182,925$2,593,479$2,437,285$3,310,475
58$3,457,692$2,670,668$2,469,042$3,557,861
59$3,758,913$2,750,067$2,500,292$3,828,102
60$4,089,238$2,831,736$2,530,967$4,123,471
61$4,451,584$2,915,735$2,560,998$4,446,470
62$4,849,164$3,002,125$2,590,310$4,799,857
63$5,285,518$3,090,968$2,618,825$5,186,668
64$5,764,545$3,182,330$2,646,460$5,610,248
65$6,290,540$3,276,275$2,673,127$6,074,282
66$6,868,233$3,372,871$2,698,736$6,582,828
67$7,502,838$3,472,187$2,723,188$7,140,358
68$8,200,094$3,574,291$2,746,381$7,751,800
69$8,966,327$3,679,255$2,768,209$8,422,579
70$9,808,506$3,787,151$2,788,557$9,158,676
71$10,734,307$3,898,055$2,807,307$9,966,678
72$11,752,187$4,012,041$2,824,333$10,853,844
73$12,871,465$4,129,185$2,839,503$11,828,170
74$14,102,407$4,249,568$2,852,679$12,898,468
75$15,456,324$4,373,268$2,863,715$14,074,446
76$16,945,677$4,500,367$2,872,458$15,366,801
77$18,584,198$4,630,946$2,878,747$16,787,318
78$20,387,015$4,765,092$2,882,414$18,348,985
79$22,370,797$4,902,888$2,883,281$20,066,112
80$24,553,911$5,044,421$2,881,163$21,954,466
81$26,956,593$5,189,781$2,875,865$24,031,422
82$29,601,141$5,339,056$2,867,182$26,316,123
83$32,512,125$5,492,337$2,854,900$28,829,666
84$35,716,617$5,649,717$2,838,795$31,595,297
85$39,244,446$5,811,288$2,818,629$34,638,630
86$43,128,484$5,977,145$2,794,157$37,987,892
87$47,404,948$6,147,384$2,765,121$41,674,185
88$52,113,749$6,322,102$2,731,248$45,731,783
89$57,298,862$6,501,395$2,692,255$50,198,455
90$63,008,747$6,685,364$2,647,846$55,115,818
91$69,296,799$6,874,108$2,597,710$60,529,736
92$76,221,860$7,067,726$2,541,520$66,490,745
93$83,848,765$7,266,320$2,478,937$73,054,537
94$92,248,962$7,469,993$2,409,604$80,282,480
95$101,501,179$7,678,845$2,333,148$88,242,204
96$111,692,171$7,892,980$2,249,181$97,008,230
97$122,917,537$8,112,501$2,157,293$106,662,683
98$135,282,622$8,337,510$2,057,059$117,296,060
99$148,903,513$8,568,111$1,948,033$129,008,089
100$163,908,129$8,804,406$1,829,750$141,908,666