Can I retire at age 54 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$188,280$186,603$184,967$183,370$181,810$177,343
2 years$93,208$91,472$89,790$88,159$86,576$82,103
3 years$61,521$59,778$58,100$56,484$54,928$50,589
4 years$45,681$43,943$42,282$40,694$39,175$35,003
5 years$36,180$34,452$32,812$31,257$29,780$25,787
6 years$29,847$28,133$26,517$24,996$23,564$19,754
7 years$25,326$23,626$22,036$20,551$19,164$15,538
8 years$21,936$20,252$18,688$17,239$15,898$12,454
9 years$19,302$17,633$16,096$14,684$13,389$10,123
10 years$17,195$15,542$14,033$12,658$11,408$8,318
11 years$15,472$13,836$12,354$11,016$9,811$6,892
12 years$14,038$12,419$10,964$9,663$8,502$5,749
13 years$12,825$11,223$9,796$8,531$7,414$4,821
14 years$11,787$10,201$8,802$7,573$6,499$4,061
15 years$10,887$9,319$7,947$6,753$5,722$3,433
16 years$10,101$8,550$7,205$6,047$5,057$2,911
17 years$9,408$7,874$6,556$5,433$4,484$2,474
18 years$8,793$7,276$5,985$4,896$3,987$2,108
19 years$8,243$6,744$5,479$4,424$3,554$1,799
20 years$7,749$6,266$5,028$4,007$3,174$1,537
21 years$7,302$5,837$4,625$3,637$2,841$1,315
22 years$6,897$5,449$4,263$3,307$2,546$1,127
23 years$6,527$5,096$3,936$3,011$2,286$966
24 years$6,189$4,775$3,640$2,747$2,054$829
25 years$5,878$4,481$3,371$2,508$1,849$712
26 years$5,592$4,211$3,127$2,293$1,665$611
27 years$5,327$3,963$2,903$2,099$1,501$525
28 years$5,082$3,734$2,699$1,923$1,355$452
29 years$4,854$3,523$2,512$1,764$1,223$389
30 years$4,641$3,327$2,340$1,619$1,105$334
31 years$4,443$3,145$2,181$1,487$999$288
32 years$4,257$2,976$2,035$1,366$904$248
33 years$4,083$2,818$1,900$1,256$818$213
34 years$3,920$2,671$1,775$1,156$741$184
35 years$3,766$2,534$1,660$1,064$671$158
36 years$3,621$2,405$1,553$980$608$136
37 years$3,484$2,284$1,453$903$551$117
38 years$3,355$2,171$1,361$832$499$101
39 years$3,233$2,064$1,275$767$453$87
40 years$3,117$1,964$1,195$708$411$75
41 years$3,007$1,869$1,121$653$373$65
42 years$2,903$1,780$1,051$603$338$56
43 years$2,803$1,696$986$556$307$48
44 years$2,709$1,617$926$514$279$41
45 years$2,619$1,542$869$474$253$36
46 years$2,533$1,471$817$438$230$31
47 years$2,451$1,404$767$405$209$27
48 years$2,373$1,340$721$374$189$23
49 years$2,298$1,280$678$346$172$20
50 years$2,226$1,222$637$320$156$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,280,000, adding $2,646 every year, while hoping to spend $31,285 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: 39/48/13 Blend
53$2,280,000$2,280,000$2,280,000$2,280,000
54$2,515,289$2,394,449$2,359,109$2,603,448
55$2,738,562$2,478,490$2,404,853$2,750,305
56$2,983,560$2,565,601$2,451,080$2,905,743
57$3,252,466$2,655,898$2,497,774$3,073,127
58$3,547,684$2,749,504$2,544,916$3,253,548
59$3,871,865$2,846,547$2,592,487$3,448,206
60$4,227,924$2,947,157$2,640,465$3,658,419
61$4,619,078$3,051,473$2,688,826$3,885,634
62$5,048,866$3,159,637$2,737,543$4,131,442
63$5,521,189$3,271,798$2,786,590$4,397,591
64$6,040,346$3,388,112$2,835,937$4,686,001
65$6,611,070$3,508,739$2,885,550$4,998,785
66$7,238,579$3,633,846$2,935,395$5,338,263
67$7,928,619$3,763,609$2,985,436$5,706,990
68$8,687,521$3,898,210$3,035,631$6,107,772
69$9,522,262$4,037,836$3,085,939$6,543,697
70$10,440,529$4,182,685$3,136,313$7,018,161
71$11,450,788$4,332,963$3,186,706$7,534,902
72$12,562,372$4,488,881$3,237,064$8,098,029
73$13,785,561$4,650,664$3,287,332$8,712,066
74$15,131,683$4,818,541$3,337,453$9,381,990
75$16,613,219$4,992,754$3,387,362$10,113,277
76$18,243,923$5,173,554$3,436,993$10,911,957
77$20,038,946$5,361,201$3,486,276$11,784,665
78$22,014,988$5,555,969$3,535,136$12,738,702
79$24,190,446$5,758,141$3,583,492$13,782,110
80$26,585,594$5,968,012$3,631,261$14,923,738
81$29,222,770$6,185,890$3,678,354$16,173,331
82$32,126,589$6,412,096$3,724,675$17,541,616
83$35,324,176$6,646,963$3,770,126$19,040,405
84$38,845,417$6,890,840$3,814,601$20,682,706
85$42,723,248$7,144,089$3,857,989$22,482,839
86$46,993,959$7,407,089$3,900,171$24,456,579
87$51,697,540$7,680,234$3,941,024$26,621,292
88$56,878,057$7,963,933$3,980,417$28,996,107
89$62,584,069$8,258,617$4,018,211$31,602,091
90$68,869,085$8,564,729$4,054,262$34,462,446
91$75,792,068$8,882,737$4,088,415$37,602,728
92$83,417,993$9,213,125$4,120,511$41,051,084
93$91,818,458$9,556,398$4,150,379$44,838,517
94$101,072,364$9,913,085$4,177,839$48,999,179
95$111,266,653$10,283,734$4,202,705$53,570,689
96$122,497,135$10,668,920$4,224,779$58,594,485
97$134,869,386$11,069,241$4,243,852$64,116,216
98$148,499,749$11,485,320$4,259,707$70,186,169
99$163,516,431$11,917,807$4,272,114$76,859,741
100$180,060,710$12,367,383$4,280,833$84,197,960