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%15.8%
1 years$188,280$186,603$184,967$183,370$181,810$177,487
2 years$93,208$91,472$89,790$88,159$86,576$82,246
3 years$61,521$59,778$58,100$56,484$54,928$50,726
4 years$45,681$43,943$42,282$40,694$39,175$35,133
5 years$36,180$34,452$32,812$31,257$29,780$25,911
6 years$29,847$28,133$26,517$24,996$23,564$19,870
7 years$25,326$23,626$22,036$20,551$19,164$15,646
8 years$21,936$20,252$18,688$17,239$15,898$12,556
9 years$19,302$17,633$16,096$14,684$13,389$10,218
10 years$17,195$15,542$14,033$12,658$11,408$8,406
11 years$15,472$13,836$12,354$11,016$9,811$6,974
12 years$14,038$12,419$10,964$9,663$8,502$5,825
13 years$12,825$11,223$9,796$8,531$7,414$4,891
14 years$11,787$10,201$8,802$7,573$6,499$4,126
15 years$10,887$9,319$7,947$6,753$5,722$3,493
16 years$10,101$8,550$7,205$6,047$5,057$2,966
17 years$9,408$7,874$6,556$5,433$4,484$2,525
18 years$8,793$7,276$5,985$4,896$3,987$2,154
19 years$8,243$6,744$5,479$4,424$3,554$1,841
20 years$7,749$6,266$5,028$4,007$3,174$1,575
21 years$7,302$5,837$4,625$3,637$2,841$1,350
22 years$6,897$5,449$4,263$3,307$2,546$1,158
23 years$6,527$5,096$3,936$3,011$2,286$995
24 years$6,189$4,775$3,640$2,747$2,054$855
25 years$5,878$4,481$3,371$2,508$1,849$735
26 years$5,592$4,211$3,127$2,293$1,665$633
27 years$5,327$3,963$2,903$2,099$1,501$545
28 years$5,082$3,734$2,699$1,923$1,355$469
29 years$4,854$3,523$2,512$1,764$1,223$404
30 years$4,641$3,327$2,340$1,619$1,105$348
31 years$4,443$3,145$2,181$1,487$999$300
32 years$4,257$2,976$2,035$1,366$904$259
33 years$4,083$2,818$1,900$1,256$818$223
34 years$3,920$2,671$1,775$1,156$741$193
35 years$3,766$2,534$1,660$1,064$671$166
36 years$3,621$2,405$1,553$980$608$143
37 years$3,484$2,284$1,453$903$551$124
38 years$3,355$2,171$1,361$832$499$107
39 years$3,233$2,064$1,275$767$453$92
40 years$3,117$1,964$1,195$708$411$80
41 years$3,007$1,869$1,121$653$373$69
42 years$2,903$1,780$1,051$603$338$59
43 years$2,803$1,696$986$556$307$51
44 years$2,709$1,617$926$514$279$44
45 years$2,619$1,542$869$474$253$38
46 years$2,533$1,471$817$438$230$33
47 years$2,451$1,404$767$405$209$28
48 years$2,373$1,340$721$374$189$25
49 years$2,298$1,280$678$346$172$21
50 years$2,226$1,222$637$320$156$18

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 $4,119 every year, while hoping to spend $51,902 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: 60/29/11 Blend
53$2,280,000$2,280,000$2,280,000$2,280,000
54$2,516,809$2,395,969$2,360,629$2,661,024
55$2,718,300$2,458,148$2,384,486$2,820,581
56$2,938,604$2,521,634$2,407,404$2,988,302
57$3,179,584$2,586,437$2,429,295$3,169,983
58$3,443,294$2,652,565$2,450,068$3,366,972
59$3,731,992$2,720,023$2,469,628$3,580,756
60$4,048,169$2,788,818$2,487,874$3,812,970
61$4,394,564$2,858,952$2,504,700$4,065,416
62$4,774,197$2,930,427$2,519,995$4,340,077
63$5,190,391$3,003,244$2,533,640$4,639,138
64$5,646,807$3,077,399$2,545,513$4,965,005
65$6,147,477$3,152,888$2,555,484$5,320,329
66$6,696,845$3,229,704$2,563,417$5,708,028
67$7,299,800$3,307,837$2,569,170$6,131,319
68$7,961,734$3,387,275$2,572,591$6,593,743
69$8,688,581$3,468,002$2,573,523$7,099,205
70$9,486,882$3,550,000$2,571,801$7,652,002
71$10,363,839$3,633,245$2,567,252$8,256,872
72$11,327,388$3,717,712$2,559,693$8,919,033
73$12,386,273$3,803,370$2,548,933$9,644,236
74$13,550,123$3,890,186$2,534,773$10,438,815
75$14,829,551$3,978,120$2,517,003$11,309,750
76$16,236,246$4,067,129$2,495,403$12,264,734
77$17,783,087$4,157,162$2,469,743$13,312,241
78$19,484,264$4,248,165$2,439,782$14,461,610
79$21,355,411$4,340,078$2,405,267$15,723,130
80$23,413,753$4,432,832$2,365,934$17,108,141
81$25,678,270$4,526,354$2,321,506$18,629,137
82$28,169,870$4,620,563$2,271,694$20,299,888
83$30,911,596$4,715,369$2,216,194$22,135,566
84$33,928,831$4,810,675$2,154,689$24,152,891
85$37,249,549$4,906,375$2,086,848$26,370,289
86$40,904,569$5,002,353$2,012,324$28,808,062
87$44,927,852$5,098,485$1,930,753$31,488,588
88$49,356,817$5,194,635$1,841,757$34,436,522
89$54,232,695$5,290,655$1,744,939$37,679,039
90$59,600,919$5,386,386$1,639,884$41,246,083
91$65,511,552$5,481,658$1,526,159$45,170,655
92$72,019,756$5,576,285$1,403,311$49,489,120
93$79,186,317$5,670,069$1,270,868$54,241,557
94$87,078,214$5,762,796$1,128,335$59,472,131
95$95,769,254$5,854,235$975,197$65,229,515
96$105,340,766$5,944,140$810,913$71,567,348
97$115,882,368$6,032,246$634,923$78,544,741
98$127,492,814$6,118,271$446,637$86,226,838
99$140,280,924$6,201,909$245,442$94,685,430
100$154,366,613$6,282,837$30,699$103,999,632