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%12.4%
1 years$187,454$185,785$184,156$182,566$181,013$179,197
2 years$92,799$91,071$89,396$87,772$86,197$84,368
3 years$61,252$59,516$57,845$56,236$54,687$52,901
4 years$45,481$43,750$42,096$40,515$39,003$37,275
5 years$36,021$34,301$32,669$31,119$29,649$27,984
6 years$29,716$28,009$26,401$24,887$23,461$21,860
7 years$25,215$23,522$21,939$20,461$19,080$17,544
8 years$21,840$20,163$18,606$17,164$15,829$14,358
9 years$19,217$17,555$16,026$14,620$13,330$11,924
10 years$17,120$15,474$13,972$12,602$11,358$10,016
11 years$15,405$13,776$12,300$10,968$9,768$8,489
12 years$13,977$12,364$10,916$9,620$8,465$7,247
13 years$12,769$11,174$9,753$8,493$7,381$6,223
14 years$11,735$10,157$8,763$7,539$6,471$5,371
15 years$10,840$9,278$7,912$6,724$5,697$4,654
16 years$10,057$8,513$7,173$6,020$5,035$4,047
17 years$9,367$7,840$6,527$5,409$4,465$3,530
18 years$8,755$7,244$5,959$4,875$3,970$3,086
19 years$8,207$6,714$5,455$4,405$3,538$2,704
20 years$7,715$6,239$5,006$3,989$3,160$2,374
21 years$7,270$5,811$4,605$3,621$2,828$2,088
22 years$6,867$5,425$4,244$3,292$2,535$1,838
23 years$6,499$5,074$3,919$2,998$2,276$1,621
24 years$6,162$4,754$3,624$2,734$2,045$1,430
25 years$5,852$4,461$3,357$2,497$1,841$1,264
26 years$5,567$4,193$3,113$2,283$1,658$1,117
27 years$5,304$3,946$2,891$2,090$1,495$988
28 years$5,059$3,718$2,687$1,915$1,349$875
29 years$4,832$3,508$2,501$1,756$1,218$775
30 years$4,621$3,313$2,329$1,612$1,100$687
31 years$4,423$3,131$2,172$1,480$995$609
32 years$4,238$2,963$2,026$1,360$900$540
33 years$4,065$2,806$1,892$1,251$814$479
34 years$3,903$2,659$1,768$1,151$737$426
35 years$3,750$2,522$1,653$1,059$668$378
36 years$3,605$2,394$1,546$976$605$335
37 years$3,469$2,274$1,447$899$548$298
38 years$3,341$2,161$1,355$829$497$265
39 years$3,219$2,055$1,270$764$451$235
40 years$3,103$1,955$1,190$705$409$209
41 years$2,994$1,861$1,116$650$371$186
42 years$2,890$1,772$1,047$600$337$165
43 years$2,791$1,689$982$554$306$147
44 years$2,697$1,610$922$511$277$130
45 years$2,607$1,535$866$472$252$116
46 years$2,522$1,464$813$436$229$103
47 years$2,440$1,397$764$403$208$92
48 years$2,362$1,334$718$372$189$82
49 years$2,288$1,274$675$344$171$73
50 years$2,216$1,217$634$318$156$65

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 $5,503 every year, while hoping to spend $23,006 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: 63/13/24 Blend
53$2,270,000$2,270,000$2,270,000$2,270,000
54$2,507,216$2,386,906$2,351,721$2,649,037
55$2,738,474$2,479,387$2,406,026$2,838,043
56$2,992,549$2,575,627$2,461,378$3,041,352
57$3,271,745$2,675,788$2,517,790$3,262,900
58$3,578,598$2,780,037$2,575,271$3,504,475
59$3,915,903$2,888,547$2,633,831$3,768,042
60$4,286,741$3,001,502$2,693,480$4,055,767
61$4,694,504$3,119,091$2,754,227$4,370,035
62$5,142,930$3,241,513$2,816,081$4,713,469
63$5,636,138$3,368,976$2,879,048$5,088,959
64$6,178,664$3,501,696$2,943,137$5,499,687
65$6,775,509$3,639,901$3,008,353$5,949,156
66$7,432,181$3,783,825$3,074,702$6,441,224
67$8,154,749$3,933,718$3,142,190$6,980,140
68$8,949,899$4,089,836$3,210,820$7,570,582
69$9,825,001$4,252,451$3,280,594$8,217,704
70$10,788,174$4,421,843$3,351,517$8,927,181
71$11,848,362$4,598,308$3,423,587$9,705,264
72$13,015,423$4,782,153$3,496,805$10,558,839
73$14,300,217$4,973,700$3,571,169$11,495,490
74$15,714,713$5,173,285$3,646,677$12,523,571
75$17,272,098$5,381,260$3,723,325$13,652,283
76$18,986,902$5,597,992$3,801,107$14,891,765
77$20,875,138$5,823,865$3,880,015$16,253,182
78$22,954,447$6,059,280$3,960,041$17,748,837
79$25,244,273$6,304,657$4,041,175$19,392,282
80$27,766,038$6,560,434$4,123,403$21,198,446
81$30,543,349$6,827,070$4,206,712$23,183,779
82$33,602,219$7,105,045$4,291,085$25,366,401
83$36,971,311$7,394,858$4,376,503$27,766,276
84$40,682,214$7,697,035$4,462,945$30,405,401
85$44,769,734$8,012,124$4,550,387$33,308,009
86$49,272,225$8,340,696$4,638,803$36,500,801
87$54,231,954$8,683,352$4,728,165$40,013,194
88$59,695,495$9,040,718$4,818,440$43,877,602
89$65,714,171$9,413,449$4,909,594$48,129,736
90$72,344,539$9,802,231$5,001,588$52,808,945
91$79,648,921$10,207,780$5,094,381$57,958,587
92$87,695,996$10,630,845$5,187,927$63,626,431
93$96,561,443$11,072,212$5,282,178$69,865,114
94$106,328,660$11,532,701$5,377,081$76,732,636
95$117,089,548$12,013,168$5,472,578$84,292,902
96$128,945,382$12,514,513$5,568,609$92,616,330
97$142,007,760$13,037,673$5,665,106$101,780,512
98$156,399,664$13,583,632$5,762,000$111,870,945
99$172,256,616$14,153,416$5,859,214$122,981,837
100$189,727,960$14,748,102$5,956,666$135,216,999