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%15.8%
1 years$186,629$184,966$183,344$181,761$180,216$175,930
2 years$92,390$90,670$89,002$87,385$85,817$81,525
3 years$60,982$59,254$57,590$55,989$54,446$50,281
4 years$45,281$43,558$41,911$40,337$38,831$34,825
5 years$35,862$34,150$32,525$30,982$29,519$25,683
6 years$29,585$27,886$26,285$24,777$23,357$19,696
7 years$25,104$23,419$21,843$20,370$18,996$15,509
8 years$21,744$20,074$18,524$17,088$15,759$12,446
9 years$19,132$17,478$15,955$14,555$13,271$10,129
10 years$17,044$15,406$13,910$12,547$11,308$8,333
11 years$15,337$13,715$12,246$10,920$9,725$6,913
12 years$13,915$12,310$10,868$9,578$8,427$5,774
13 years$12,713$11,125$9,710$8,456$7,349$4,849
14 years$11,683$10,112$8,724$7,506$6,442$4,090
15 years$10,792$9,237$7,877$6,694$5,672$3,462
16 years$10,013$8,475$7,142$5,994$5,013$2,940
17 years$9,326$7,805$6,499$5,385$4,445$2,503
18 years$8,716$7,212$5,932$4,853$3,952$2,135
19 years$8,171$6,684$5,431$4,385$3,523$1,825
20 years$7,681$6,211$4,984$3,972$3,146$1,562
21 years$7,238$5,786$4,584$3,605$2,816$1,338
22 years$6,836$5,401$4,225$3,278$2,524$1,148
23 years$6,470$5,051$3,901$2,985$2,266$986
24 years$6,135$4,733$3,608$2,722$2,036$847
25 years$5,827$4,441$3,342$2,486$1,832$729
26 years$5,543$4,174$3,099$2,273$1,651$627
27 years$5,280$3,928$2,878$2,081$1,488$540
28 years$5,037$3,702$2,675$1,906$1,343$465
29 years$4,811$3,492$2,490$1,748$1,213$401
30 years$4,600$3,298$2,319$1,604$1,096$345
31 years$4,404$3,118$2,162$1,474$991$298
32 years$4,220$2,950$2,017$1,354$896$257
33 years$4,047$2,794$1,883$1,245$811$221
34 years$3,885$2,648$1,760$1,146$734$191
35 years$3,733$2,511$1,645$1,055$665$165
36 years$3,589$2,384$1,539$971$602$142
37 years$3,454$2,264$1,441$895$546$123
38 years$3,326$2,152$1,349$825$495$106
39 years$3,205$2,046$1,264$761$449$91
40 years$3,090$1,946$1,185$702$407$79
41 years$2,981$1,853$1,111$647$369$68
42 years$2,877$1,765$1,042$597$335$59
43 years$2,779$1,681$978$551$304$51
44 years$2,685$1,603$918$509$276$44
45 years$2,596$1,528$862$470$251$38
46 years$2,511$1,458$809$434$228$33
47 years$2,430$1,391$760$401$207$28
48 years$2,352$1,328$715$371$188$24
49 years$2,278$1,268$672$343$170$21
50 years$2,207$1,212$631$317$155$18

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 $2,120 every year, while hoping to spend $31,787 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: 53/30/17 Blend
53$2,260,000$2,260,000$2,260,000$2,260,000
54$2,492,707$2,372,927$2,337,897$2,613,244
55$2,713,142$2,455,379$2,382,395$2,778,438
56$2,954,996$2,540,806$2,427,319$2,954,552
57$3,220,420$2,629,320$2,472,649$3,145,477
58$3,511,784$2,721,038$2,518,364$3,352,631
59$3,831,697$2,816,081$2,564,440$3,577,572
60$4,183,036$2,914,574$2,610,855$3,822,015
61$4,568,968$3,016,650$2,657,580$4,087,848
62$4,992,981$3,122,444$2,704,588$4,377,145
63$5,458,920$3,232,099$2,751,846$4,692,191
64$5,971,019$3,345,761$2,799,322$5,035,500
65$6,533,944$3,463,584$2,846,980$5,409,839
66$7,152,834$3,585,728$2,894,782$5,818,254
67$7,833,353$3,712,358$2,942,687$6,264,096
68$8,581,739$3,843,648$2,990,651$6,751,057
69$9,404,866$3,979,776$3,038,628$7,283,200
70$10,310,307$4,120,930$3,086,567$7,864,999
71$11,306,407$4,267,304$3,134,415$8,501,378
72$12,402,359$4,419,101$3,182,117$9,197,761
73$13,608,293$4,576,531$3,229,611$9,960,121
74$14,935,371$4,739,812$3,276,835$10,795,035
75$16,395,890$4,909,174$3,323,720$11,709,744
76$18,003,401$5,084,854$3,370,195$12,712,226
77$19,772,835$5,267,099$3,416,184$13,811,266
78$21,720,643$5,456,166$3,461,605$15,016,540
79$23,864,954$5,652,323$3,506,374$16,338,704
80$26,225,741$5,855,849$3,550,400$17,789,498
81$28,825,016$6,067,035$3,593,587$19,381,850
82$31,687,030$6,286,183$3,635,835$21,130,004
83$34,838,509$6,513,607$3,677,037$23,049,650
84$38,308,900$6,749,637$3,717,081$25,158,069
85$42,130,652$6,994,613$3,755,847$27,474,301
86$46,339,521$7,248,891$3,793,210$30,019,321
87$50,974,908$7,512,843$3,829,039$32,816,233
88$56,080,230$7,786,855$3,863,194$35,890,494
89$61,703,331$8,071,328$3,895,528$39,270,148
90$67,896,930$8,366,682$3,925,888$42,986,091
91$74,719,122$8,673,354$3,954,109$47,072,363
92$82,233,923$8,991,800$3,980,023$51,566,468
93$90,511,878$9,322,492$4,003,449$56,509,725
94$99,630,722$9,665,927$4,024,197$61,947,659
95$109,676,117$10,022,619$4,042,069$67,930,429
96$120,742,459$10,393,105$4,056,856$74,513,301
97$132,933,769$10,777,946$4,068,339$81,757,167
98$146,364,672$11,177,724$4,076,288$89,729,119
99$161,161,485$11,593,049$4,080,460$98,503,083
100$177,463,403$12,024,555$4,080,601$108,160,511