Can I retire at age 54 with 2,290,000?

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 $2,290,000?

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$189,106$187,422$185,778$184,174$182,608$175,501
2 years$93,617$91,873$90,184$88,545$86,956$79,882
3 years$61,791$60,040$58,355$56,732$55,169$48,350
4 years$45,882$44,136$42,467$40,872$39,347$32,835
5 years$36,338$34,603$32,956$31,394$29,911$23,723
6 years$29,978$28,256$26,634$25,106$23,667$17,808
7 years$25,437$23,729$22,133$20,641$19,248$13,715
8 years$22,033$20,340$18,770$17,315$15,968$10,755
9 years$19,386$17,710$16,167$14,749$13,447$8,548
10 years$17,270$15,611$14,095$12,713$11,458$6,862
11 years$15,540$13,897$12,409$11,065$9,854$5,551
12 years$14,100$12,473$11,012$9,705$8,539$4,518
13 years$12,882$11,272$9,839$8,568$7,446$3,695
14 years$11,838$10,246$8,840$7,606$6,528$3,034
15 years$10,935$9,360$7,982$6,783$5,747$2,498
16 years$10,146$8,588$7,236$6,073$5,080$2,063
17 years$9,450$7,909$6,585$5,457$4,504$1,706
18 years$8,832$7,308$6,011$4,918$4,005$1,414
19 years$8,279$6,773$5,503$4,444$3,569$1,173
20 years$7,783$6,294$5,050$4,025$3,188$975
21 years$7,334$5,863$4,645$3,653$2,853$811
22 years$6,927$5,472$4,281$3,321$2,557$675
23 years$6,556$5,118$3,953$3,025$2,296$562
24 years$6,216$4,796$3,656$2,759$2,063$468
25 years$5,904$4,500$3,386$2,519$1,857$390
26 years$5,616$4,230$3,140$2,303$1,673$325
27 years$5,350$3,981$2,916$2,108$1,508$271
28 years$5,104$3,751$2,711$1,932$1,361$226
29 years$4,875$3,539$2,523$1,771$1,229$189
30 years$4,661$3,342$2,350$1,626$1,110$158
31 years$4,462$3,159$2,191$1,493$1,004$132
32 years$4,276$2,989$2,044$1,372$908$110
33 years$4,101$2,831$1,908$1,262$822$92
34 years$3,937$2,683$1,783$1,161$744$77
35 years$3,783$2,545$1,667$1,069$674$64
36 years$3,637$2,415$1,560$984$610$53
37 years$3,500$2,294$1,460$907$553$45
38 years$3,370$2,180$1,367$836$502$37
39 years$3,247$2,073$1,281$771$455$31
40 years$3,131$1,972$1,200$711$413$26
41 years$3,020$1,877$1,126$656$374$22
42 years$2,916$1,788$1,056$605$340$18
43 years$2,816$1,704$991$559$308$15
44 years$2,721$1,624$930$516$280$13
45 years$2,630$1,549$873$477$254$11
46 years$2,544$1,477$820$440$231$9
47 years$2,462$1,410$771$407$209$7
48 years$2,383$1,346$724$376$190$6
49 years$2,308$1,285$681$347$173$5
50 years$2,236$1,228$640$321$157$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,290,000, adding $4,857 every year, while hoping to spend $20,146 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: 54/36/10 Blend
53$2,290,000$2,290,000$2,290,000$2,290,000
54$2,528,590$2,407,220$2,371,725$2,658,513
55$2,765,071$2,503,739$2,429,743$2,843,695
56$3,024,998$2,604,311$2,489,029$3,042,531
57$3,310,741$2,709,116$2,549,604$3,258,463
58$3,624,911$2,818,337$2,611,491$3,493,116
59$3,970,386$2,932,169$2,674,709$3,748,279
60$4,350,334$3,050,815$2,739,281$4,025,915
61$4,768,249$3,174,486$2,805,228$4,328,187
62$5,227,978$3,303,403$2,872,571$4,657,468
63$5,733,760$3,437,798$2,941,330$5,016,372
64$6,290,267$3,577,914$3,011,528$5,407,772
65$6,902,645$3,724,002$3,083,185$5,834,829
66$7,576,565$3,876,328$3,156,321$6,301,018
67$8,318,274$4,035,168$3,230,958$6,810,165
68$9,134,659$4,200,812$3,307,116$7,366,478
69$10,033,304$4,373,562$3,384,814$7,974,588
70$11,022,569$4,553,734$3,464,073$8,639,591
71$12,111,663$4,741,659$3,544,912$9,367,094
72$13,310,737$4,937,684$3,627,350$10,163,269
73$14,630,971$5,142,170$3,711,406$11,034,911
74$16,084,690$5,355,496$3,797,098$11,989,496
75$17,685,470$5,578,058$3,884,443$13,035,257
76$19,448,275$5,810,269$3,973,459$14,181,254
77$21,389,591$6,052,564$4,064,161$15,437,465
78$23,527,585$6,305,396$4,156,566$16,814,874
79$25,882,277$6,569,238$4,250,689$18,325,574
80$28,475,726$6,844,588$4,346,544$19,982,881
81$31,332,240$7,131,963$4,444,144$21,801,458
82$34,478,607$7,431,907$4,543,501$23,797,453
83$37,944,343$7,744,989$4,644,626$25,988,645
84$41,761,975$8,071,802$4,747,530$28,394,617
85$45,967,346$8,412,970$4,852,222$31,036,934
86$50,599,953$8,769,143$4,958,709$33,939,346
87$55,703,319$9,141,003$5,066,997$37,128,013
88$61,325,408$9,529,261$5,177,091$40,631,744
89$67,519,070$9,934,666$5,288,995$44,482,274
90$74,342,548$10,357,997$5,402,709$48,714,555
91$81,860,021$10,800,073$5,518,233$53,367,090
92$90,142,214$11,261,747$5,635,565$58,482,288
93$99,267,064$11,743,917$5,754,700$64,106,864
94$109,320,455$12,247,519$5,875,633$70,292,282
95$120,397,028$12,773,534$5,998,353$77,095,228
96$132,601,077$13,322,989$6,122,850$84,578,154
97$146,047,530$13,896,960$6,249,109$92,809,856
98$160,863,038$14,496,571$6,377,114$101,866,124
99$177,187,166$15,123,000$6,506,845$111,830,454
100$195,173,712$15,777,482$6,638,280$122,794,831