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%18.1%
1 years$188,280$186,603$184,967$183,370$181,810$175,850
2 years$93,208$91,472$89,790$88,159$86,576$80,628
3 years$61,521$59,778$58,100$56,484$54,928$49,178
4 years$45,681$43,943$42,282$40,694$39,175$33,669
5 years$36,180$34,452$32,812$31,257$29,780$24,531
6 years$29,847$28,133$26,517$24,996$23,564$18,577
7 years$25,326$23,626$22,036$20,551$19,164$14,439
8 years$21,936$20,252$18,688$17,239$15,898$11,431
9 years$19,302$17,633$16,096$14,684$13,389$9,174
10 years$17,195$15,542$14,033$12,658$11,408$7,439
11 years$15,472$13,836$12,354$11,016$9,811$6,081
12 years$14,038$12,419$10,964$9,663$8,502$5,003
13 years$12,825$11,223$9,796$8,531$7,414$4,137
14 years$11,787$10,201$8,802$7,573$6,499$3,434
15 years$10,887$9,319$7,947$6,753$5,722$2,861
16 years$10,101$8,550$7,205$6,047$5,057$2,389
17 years$9,408$7,874$6,556$5,433$4,484$2,000
18 years$8,793$7,276$5,985$4,896$3,987$1,677
19 years$8,243$6,744$5,479$4,424$3,554$1,409
20 years$7,749$6,266$5,028$4,007$3,174$1,185
21 years$7,302$5,837$4,625$3,637$2,841$998
22 years$6,897$5,449$4,263$3,307$2,546$841
23 years$6,527$5,096$3,936$3,011$2,286$709
24 years$6,189$4,775$3,640$2,747$2,054$598
25 years$5,878$4,481$3,371$2,508$1,849$505
26 years$5,592$4,211$3,127$2,293$1,665$427
27 years$5,327$3,963$2,903$2,099$1,501$361
28 years$5,082$3,734$2,699$1,923$1,355$305
29 years$4,854$3,523$2,512$1,764$1,223$258
30 years$4,641$3,327$2,340$1,619$1,105$218
31 years$4,443$3,145$2,181$1,487$999$184
32 years$4,257$2,976$2,035$1,366$904$156
33 years$4,083$2,818$1,900$1,256$818$132
34 years$3,920$2,671$1,775$1,156$741$112
35 years$3,766$2,534$1,660$1,064$671$94
36 years$3,621$2,405$1,553$980$608$80
37 years$3,484$2,284$1,453$903$551$68
38 years$3,355$2,171$1,361$832$499$57
39 years$3,233$2,064$1,275$767$453$48
40 years$3,117$1,964$1,195$708$411$41
41 years$3,007$1,869$1,121$653$373$35
42 years$2,903$1,780$1,051$603$338$29
43 years$2,803$1,696$986$556$307$25
44 years$2,709$1,617$926$514$279$21
45 years$2,619$1,542$869$474$253$18
46 years$2,533$1,471$817$438$230$15
47 years$2,451$1,404$767$405$209$13
48 years$2,373$1,340$721$374$189$11
49 years$2,298$1,280$678$346$172$9
50 years$2,226$1,222$637$320$156$8

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 $4,548 every year, while hoping to spend $57,614 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: 27/49/24 Blend
53$2,280,000$2,280,000$2,280,000$2,280,000
54$2,517,251$2,396,411$2,361,071$2,566,123
55$2,712,710$2,452,535$2,378,866$2,661,474
56$2,926,175$2,509,477$2,395,326$2,758,455
57$3,159,421$2,567,218$2,410,346$2,861,379
58$3,414,404$2,625,733$2,423,815$2,970,787
59$3,693,275$2,684,997$2,435,615$3,087,278
60$3,998,406$2,744,978$2,445,625$3,211,510
61$4,332,405$2,805,644$2,453,715$3,344,212
62$4,698,146$2,866,956$2,459,750$3,486,185
63$5,098,794$2,928,873$2,463,588$3,638,315
64$5,537,832$2,991,350$2,465,080$3,801,578
65$6,019,100$3,054,335$2,464,070$3,977,051
66$6,546,825$3,117,774$2,460,392$4,165,923
67$7,125,661$3,181,605$2,453,875$4,369,505
68$7,760,736$3,245,762$2,444,338$4,589,244
69$8,457,700$3,310,172$2,431,592$4,826,737
70$9,222,773$3,374,758$2,415,438$5,083,745
71$10,062,809$3,439,434$2,395,668$5,362,213
72$10,985,356$3,504,108$2,372,064$5,664,285
73$11,998,732$3,568,679$2,344,398$5,992,328
74$13,112,098$3,633,039$2,312,430$6,348,952
75$14,335,546$3,697,072$2,275,911$6,737,040
76$15,680,195$3,760,652$2,234,577$7,159,769
77$17,158,295$3,823,644$2,188,155$7,620,648
78$18,783,341$3,885,902$2,136,358$8,123,545
79$20,570,201$3,947,270$2,078,885$8,672,730
80$22,535,255$4,007,581$2,015,422$9,272,913
81$24,696,552$4,066,653$1,945,640$9,929,291
82$27,073,977$4,124,296$1,869,195$10,647,595
83$29,689,438$4,180,301$1,785,728$11,434,149
84$32,567,074$4,234,450$1,694,864$12,295,930
85$35,733,483$4,286,505$1,596,209$13,240,632
86$39,217,969$4,336,214$1,489,352$14,276,745
87$43,052,822$4,383,309$1,373,866$15,413,630
88$47,273,621$4,427,502$1,249,301$16,661,616
89$51,919,568$4,468,487$1,115,190$18,032,093
90$57,033,858$4,505,937$971,044$19,537,625
91$62,664,089$4,539,506$816,351$21,192,068
92$68,862,705$4,568,821$650,578$23,010,706
93$75,687,498$4,593,489$473,169$25,010,393
94$83,202,144$4,613,092$283,542$27,209,715
95$91,476,811$4,627,182$81,089$29,629,172
96$100,588,818$4,635,287$0$32,291,367
97$110,623,363$4,636,901$0$35,255,791
98$121,674,328$4,631,491$0$38,539,776
99$133,845,164$4,618,489$0$42,153,022
100$147,249,867$4,597,291$0$46,129,137