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%18.7%
1 years$188,280$186,603$184,967$183,370$181,810$175,429
2 years$93,208$91,472$89,790$88,159$86,576$80,215
3 years$61,521$59,778$58,100$56,484$54,928$48,785
4 years$45,681$43,943$42,282$40,694$39,175$33,298
5 years$36,180$34,452$32,812$31,257$29,780$24,185
6 years$29,847$28,133$26,517$24,996$23,564$18,255
7 years$25,326$23,626$22,036$20,551$19,164$14,139
8 years$21,936$20,252$18,688$17,239$15,898$11,154
9 years$19,302$17,633$16,096$14,684$13,389$8,919
10 years$17,195$15,542$14,033$12,658$11,408$7,206
11 years$15,472$13,836$12,354$11,016$9,811$5,867
12 years$14,038$12,419$10,964$9,663$8,502$4,808
13 years$12,825$11,223$9,796$8,531$7,414$3,959
14 years$11,787$10,201$8,802$7,573$6,499$3,273
15 years$10,887$9,319$7,947$6,753$5,722$2,715
16 years$10,101$8,550$7,205$6,047$5,057$2,258
17 years$9,408$7,874$6,556$5,433$4,484$1,881
18 years$8,793$7,276$5,985$4,896$3,987$1,571
19 years$8,243$6,744$5,479$4,424$3,554$1,313
20 years$7,749$6,266$5,028$4,007$3,174$1,100
21 years$7,302$5,837$4,625$3,637$2,841$922
22 years$6,897$5,449$4,263$3,307$2,546$773
23 years$6,527$5,096$3,936$3,011$2,286$649
24 years$6,189$4,775$3,640$2,747$2,054$545
25 years$5,878$4,481$3,371$2,508$1,849$458
26 years$5,592$4,211$3,127$2,293$1,665$385
27 years$5,327$3,963$2,903$2,099$1,501$324
28 years$5,082$3,734$2,699$1,923$1,355$272
29 years$4,854$3,523$2,512$1,764$1,223$229
30 years$4,641$3,327$2,340$1,619$1,105$193
31 years$4,443$3,145$2,181$1,487$999$162
32 years$4,257$2,976$2,035$1,366$904$137
33 years$4,083$2,818$1,900$1,256$818$115
34 years$3,920$2,671$1,775$1,156$741$97
35 years$3,766$2,534$1,660$1,064$671$82
36 years$3,621$2,405$1,553$980$608$69
37 years$3,484$2,284$1,453$903$551$58
38 years$3,355$2,171$1,361$832$499$49
39 years$3,233$2,064$1,275$767$453$41
40 years$3,117$1,964$1,195$708$411$35
41 years$3,007$1,869$1,121$653$373$29
42 years$2,903$1,780$1,051$603$338$25
43 years$2,803$1,696$986$556$307$21
44 years$2,709$1,617$926$514$279$17
45 years$2,619$1,542$869$474$253$15
46 years$2,533$1,471$817$438$230$12
47 years$2,451$1,404$767$405$209$10
48 years$2,373$1,340$721$374$189$9
49 years$2,298$1,280$678$346$172$7
50 years$2,226$1,222$637$320$156$6

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 $2,959 every year, while hoping to spend $53,679 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: 48/25/27 Blend
53$2,280,000$2,280,000$2,280,000$2,280,000
54$2,515,612$2,394,772$2,359,432$2,616,861
55$2,715,091$2,455,002$2,381,359$2,748,518
56$2,933,117$2,516,384$2,402,222$2,885,890
57$3,171,526$2,578,918$2,421,927$3,034,027
58$3,432,338$2,642,602$2,440,379$3,193,971
59$3,717,779$2,707,432$2,457,474$3,366,869
60$4,030,298$2,773,401$2,473,105$3,553,984
61$4,372,593$2,840,503$2,487,158$3,756,711
62$4,747,636$2,908,725$2,499,516$3,976,585
63$5,158,697$2,978,055$2,510,052$4,215,299
64$5,609,381$3,048,477$2,518,636$4,474,718
65$6,103,656$3,119,970$2,525,128$4,756,898
66$6,645,894$3,192,514$2,529,385$5,064,105
67$7,240,910$3,266,082$2,531,254$5,398,837
68$7,894,007$3,340,644$2,530,575$5,763,847
69$8,611,027$3,416,167$2,527,181$6,162,170
70$9,398,406$3,492,614$2,520,896$6,597,152
71$10,263,233$3,569,942$2,511,536$7,072,479
72$11,213,318$3,648,103$2,498,907$7,592,217
73$12,257,263$3,727,047$2,482,807$8,160,847
74$13,404,546$3,806,715$2,463,023$8,783,307
75$14,665,609$3,887,043$2,439,334$9,465,043
76$16,051,955$3,967,962$2,411,506$10,212,055
77$17,576,258$4,049,395$2,379,294$11,030,960
78$19,252,480$4,131,260$2,342,445$11,929,051
79$21,096,005$4,213,464$2,300,689$12,914,366
80$23,123,783$4,295,909$2,253,747$13,995,768
81$25,354,487$4,378,487$2,201,326$15,183,024
82$27,808,694$4,461,082$2,143,120$16,486,903
83$30,509,074$4,543,567$2,078,807$17,919,273
84$33,480,605$4,625,808$2,008,052$19,493,219
85$36,750,809$4,707,655$1,930,505$21,223,162
86$40,350,013$4,788,951$1,845,798$23,125,001
87$44,311,630$4,869,526$1,753,548$25,216,257
88$48,672,478$4,949,194$1,653,354$27,516,247
89$53,473,126$5,027,761$1,544,797$30,046,261
90$58,758,277$5,105,012$1,427,439$32,829,768
91$64,577,185$5,180,722$1,300,822$35,892,635
92$70,984,128$5,254,647$1,164,470$39,263,376
93$78,038,910$5,326,527$1,017,881$42,973,418
94$85,807,435$5,396,082$860,536$47,057,401
95$94,362,318$5,463,015$691,889$51,553,509
96$103,783,579$5,527,007$511,371$56,503,826
97$114,159,392$5,587,719$318,390$61,954,738
98$125,586,920$5,644,786$112,326$67,957,373
99$138,173,228$5,697,823$0$74,568,083
100$152,036,298$5,746,417$0$81,879,971