Can I retire at age 54 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$187,454$185,785$184,156$182,566$181,013$175,500
2 years$92,799$91,071$89,396$87,772$86,197$80,690
3 years$61,252$59,516$57,845$56,236$54,687$49,358
4 years$45,481$43,750$42,096$40,515$39,003$33,894
5 years$36,021$34,301$32,669$31,119$29,649$24,774
6 years$29,716$28,009$26,401$24,887$23,461$18,823
7 years$25,215$23,522$21,939$20,461$19,080$14,680
8 years$21,840$20,163$18,606$17,164$15,829$11,663
9 years$19,217$17,555$16,026$14,620$13,330$9,395
10 years$17,120$15,474$13,972$12,602$11,358$7,647
11 years$15,405$13,776$12,300$10,968$9,768$6,275
12 years$13,977$12,364$10,916$9,620$8,465$5,183
13 years$12,769$11,174$9,753$8,493$7,381$4,303
14 years$11,735$10,157$8,763$7,539$6,471$3,587
15 years$10,840$9,278$7,912$6,724$5,697$3,001
16 years$10,057$8,513$7,173$6,020$5,035$2,517
17 years$9,367$7,840$6,527$5,409$4,465$2,116
18 years$8,755$7,244$5,959$4,875$3,970$1,783
19 years$8,207$6,714$5,455$4,405$3,538$1,504
20 years$7,715$6,239$5,006$3,989$3,160$1,271
21 years$7,270$5,811$4,605$3,621$2,828$1,075
22 years$6,867$5,425$4,244$3,292$2,535$910
23 years$6,499$5,074$3,919$2,998$2,276$771
24 years$6,162$4,754$3,624$2,734$2,045$654
25 years$5,852$4,461$3,357$2,497$1,841$555
26 years$5,567$4,193$3,113$2,283$1,658$471
27 years$5,304$3,946$2,891$2,090$1,495$400
28 years$5,059$3,718$2,687$1,915$1,349$340
29 years$4,832$3,508$2,501$1,756$1,218$289
30 years$4,621$3,313$2,329$1,612$1,100$245
31 years$4,423$3,131$2,172$1,480$995$208
32 years$4,238$2,963$2,026$1,360$900$177
33 years$4,065$2,806$1,892$1,251$814$151
34 years$3,903$2,659$1,768$1,151$737$128
35 years$3,750$2,522$1,653$1,059$668$109
36 years$3,605$2,394$1,546$976$605$93
37 years$3,469$2,274$1,447$899$548$79
38 years$3,341$2,161$1,355$829$497$67
39 years$3,219$2,055$1,270$764$451$57
40 years$3,103$1,955$1,190$705$409$49
41 years$2,994$1,861$1,116$650$371$41
42 years$2,890$1,772$1,047$600$337$35
43 years$2,791$1,689$982$554$306$30
44 years$2,697$1,610$922$511$277$25
45 years$2,607$1,535$866$472$252$22
46 years$2,522$1,464$813$436$229$18
47 years$2,440$1,397$764$403$208$16
48 years$2,362$1,334$718$372$189$13
49 years$2,288$1,274$675$344$171$11
50 years$2,216$1,217$634$318$156$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,270,000, adding $2,178 every year, while hoping to spend $42,939 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: 34/44/22 Blend
53$2,270,000$2,270,000$2,270,000$2,270,000
54$2,503,787$2,383,477$2,348,292$2,572,024
55$2,713,486$2,454,580$2,381,273$2,693,961
56$2,943,136$2,527,729$2,413,919$2,821,283
57$3,194,725$2,602,977$2,446,175$2,957,709
58$3,470,446$2,680,381$2,477,981$3,104,071
59$3,772,710$2,759,999$2,509,272$3,261,287
60$4,104,176$2,841,889$2,539,982$3,430,364
61$4,467,771$2,926,110$2,570,041$3,612,411
62$4,866,720$3,012,726$2,599,373$3,808,646
63$5,304,573$3,101,797$2,627,900$4,020,413
64$5,785,243$3,193,388$2,655,537$4,249,186
65$6,313,038$3,287,565$2,682,199$4,496,592
66$6,892,706$3,384,394$2,707,791$4,764,418
67$7,529,476$3,483,943$2,732,216$5,054,633
68$8,229,109$3,586,283$2,755,371$5,369,405
69$8,997,951$3,691,483$2,777,148$5,711,119
70$9,842,992$3,799,616$2,797,434$6,082,403
71$10,771,937$3,910,756$2,816,107$6,486,149
72$11,793,269$4,024,979$2,833,042$6,925,544
73$12,916,340$4,142,360$2,848,105$7,404,094
74$14,151,449$4,262,977$2,861,159$7,925,665
75$15,509,944$4,386,911$2,872,056$8,494,512
76$17,004,330$4,514,241$2,880,641$9,115,321
77$18,648,383$4,645,051$2,886,754$9,793,257
78$20,457,282$4,779,422$2,890,225$10,534,006
79$22,447,752$4,917,441$2,890,874$11,343,834
80$24,638,221$5,059,194$2,888,516$12,229,642
81$27,048,993$5,204,767$2,882,955$13,199,035
82$29,702,439$5,354,250$2,873,983$14,260,389
83$32,623,213$5,507,734$2,861,387$15,422,934
84$35,838,476$5,665,308$2,844,938$16,696,837
85$39,378,158$5,827,065$2,824,401$18,093,302
86$43,275,239$5,993,100$2,799,527$19,624,671
87$47,566,058$6,163,507$2,770,056$21,304,547
88$52,290,658$6,338,381$2,735,715$23,147,914
89$57,493,162$6,517,819$2,696,219$25,171,284
90$63,222,191$6,701,918$2,651,268$27,392,852
91$69,531,320$6,890,777$2,600,551$29,832,665
92$76,479,584$7,084,495$2,543,739$32,512,816
93$84,132,038$7,283,171$2,480,491$35,457,645
94$92,560,365$7,486,906$2,410,446$38,693,978
95$101,843,558$7,695,800$2,333,232$42,251,373
96$112,068,660$7,909,954$2,248,455$46,162,399
97$123,331,590$8,129,468$2,155,705$50,462,951
98$135,738,045$8,354,445$2,054,553$55,192,580
99$149,404,497$8,584,984$1,944,553$60,394,871
100$164,459,295$8,821,187$1,825,234$66,117,852