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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$188,280$186,603$184,967$183,370$181,810$174,735
2 years$93,208$91,472$89,790$88,159$86,576$79,533
3 years$61,521$59,778$58,100$56,484$54,928$48,139
4 years$45,681$43,943$42,282$40,694$39,175$32,692
5 years$36,180$34,452$32,812$31,257$29,780$23,620
6 years$29,847$28,133$26,517$24,996$23,564$17,730
7 years$25,326$23,626$22,036$20,551$19,164$13,655
8 years$21,936$20,252$18,688$17,239$15,898$10,708
9 years$19,302$17,633$16,096$14,684$13,389$8,510
10 years$17,195$15,542$14,033$12,658$11,408$6,832
11 years$15,472$13,836$12,354$11,016$9,811$5,527
12 years$14,038$12,419$10,964$9,663$8,502$4,498
13 years$12,825$11,223$9,796$8,531$7,414$3,679
14 years$11,787$10,201$8,802$7,573$6,499$3,020
15 years$10,887$9,319$7,947$6,753$5,722$2,487
16 years$10,101$8,550$7,205$6,047$5,057$2,054
17 years$9,408$7,874$6,556$5,433$4,484$1,699
18 years$8,793$7,276$5,985$4,896$3,987$1,408
19 years$8,243$6,744$5,479$4,424$3,554$1,168
20 years$7,749$6,266$5,028$4,007$3,174$971
21 years$7,302$5,837$4,625$3,637$2,841$807
22 years$6,897$5,449$4,263$3,307$2,546$672
23 years$6,527$5,096$3,936$3,011$2,286$559
24 years$6,189$4,775$3,640$2,747$2,054$466
25 years$5,878$4,481$3,371$2,508$1,849$388
26 years$5,592$4,211$3,127$2,293$1,665$324
27 years$5,327$3,963$2,903$2,099$1,501$270
28 years$5,082$3,734$2,699$1,923$1,355$225
29 years$4,854$3,523$2,512$1,764$1,223$188
30 years$4,641$3,327$2,340$1,619$1,105$157
31 years$4,443$3,145$2,181$1,487$999$131
32 years$4,257$2,976$2,035$1,366$904$109
33 years$4,083$2,818$1,900$1,256$818$91
34 years$3,920$2,671$1,775$1,156$741$76
35 years$3,766$2,534$1,660$1,064$671$64
36 years$3,621$2,405$1,553$980$608$53
37 years$3,484$2,284$1,453$903$551$44
38 years$3,355$2,171$1,361$832$499$37
39 years$3,233$2,064$1,275$767$453$31
40 years$3,117$1,964$1,195$708$411$26
41 years$3,007$1,869$1,121$653$373$22
42 years$2,903$1,780$1,051$603$338$18
43 years$2,803$1,696$986$556$307$15
44 years$2,709$1,617$926$514$279$13
45 years$2,619$1,542$869$474$253$11
46 years$2,533$1,471$817$438$230$9
47 years$2,451$1,404$767$405$209$7
48 years$2,373$1,340$721$374$189$6
49 years$2,298$1,280$678$346$172$5
50 years$2,226$1,222$637$320$156$4

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 $2,510 every year, while hoping to spend $53,905 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: 39/45/16 Blend
53$2,280,000$2,280,000$2,280,000$2,280,000
54$2,515,149$2,394,309$2,358,969$2,601,100
55$2,714,340$2,454,276$2,380,640$2,722,626
56$2,932,041$2,515,374$2,401,230$2,848,557
57$3,170,085$2,577,603$2,420,647$2,983,575
58$3,430,486$2,640,958$2,438,791$3,128,527
59$3,715,466$2,705,435$2,455,561$3,284,348
60$4,027,468$2,771,026$2,470,847$3,452,068
61$4,369,185$2,837,722$2,484,536$3,632,820
62$4,743,581$2,905,509$2,496,507$3,827,852
63$5,153,921$2,974,373$2,506,634$4,038,541
64$5,603,800$3,044,296$2,514,785$4,266,400
65$6,097,178$3,115,257$2,520,821$4,513,100
66$6,638,416$3,187,232$2,524,595$4,780,479
67$7,232,321$3,260,192$2,525,955$5,070,563
68$7,884,182$3,334,106$2,524,738$5,385,586
69$8,599,829$3,408,937$2,520,778$5,728,008
70$9,385,683$3,484,647$2,513,895$6,100,540
71$10,248,817$3,561,189$2,503,906$6,506,172
72$11,197,024$3,638,515$2,490,614$6,948,195
73$12,238,887$3,716,568$2,473,815$7,430,240
74$13,383,862$3,795,289$2,453,297$7,956,307
75$14,642,368$3,874,611$2,428,835$8,530,805
76$16,025,882$3,954,459$2,400,194$9,158,594
77$17,547,050$4,034,755$2,367,128$9,845,030
78$19,219,802$4,115,411$2,329,379$10,596,017
79$21,059,488$4,196,333$2,286,680$11,418,063
80$23,083,019$4,277,416$2,238,747$12,318,341
81$25,309,027$4,358,549$2,185,285$13,304,757
82$27,758,041$4,439,612$2,125,985$14,386,026
83$30,452,681$4,520,473$2,060,526$15,571,754
84$33,417,869$4,600,990$1,988,567$16,872,531
85$36,681,064$4,681,012$1,909,758$18,300,028
86$40,272,525$4,760,373$1,823,727$19,867,111
87$44,225,590$4,838,899$1,730,089$21,587,960
88$48,576,993$4,916,398$1,628,439$23,478,208
89$53,367,211$4,992,666$1,518,357$25,555,086
90$58,640,846$5,067,486$1,399,402$27,837,585
91$64,447,043$5,140,623$1,271,112$30,346,642
92$70,839,953$5,211,826$1,133,006$33,105,332
93$77,879,249$5,280,826$984,582$36,139,091
94$85,630,681$5,347,336$825,315$39,475,955
95$94,166,705$5,411,049$654,657$43,146,830
96$103,567,155$5,471,637$472,034$47,185,778
97$113,920,009$5,528,751$276,851$51,630,345
98$125,322,207$5,582,017$68,483$56,521,917
99$137,880,573$5,631,037$0$61,906,108
100$151,712,821$5,675,387$0$67,859,469