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

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$189,106$187,422$185,778$184,174$182,608$180,326
2 years$93,617$91,873$90,184$88,545$86,956$84,660
3 years$61,791$60,040$58,355$56,732$55,169$52,930
4 years$45,882$44,136$42,467$40,872$39,347$37,182
5 years$36,338$34,603$32,956$31,394$29,911$27,827
6 years$29,978$28,256$26,634$25,106$23,667$21,667
7 years$25,437$23,729$22,133$20,641$19,248$17,331
8 years$22,033$20,340$18,770$17,315$15,968$14,135
9 years$19,386$17,710$16,167$14,749$13,447$11,698
10 years$17,270$15,611$14,095$12,713$11,458$9,790
11 years$15,540$13,897$12,409$11,065$9,854$8,266
12 years$14,100$12,473$11,012$9,705$8,539$7,030
13 years$12,882$11,272$9,839$8,568$7,446$6,014
14 years$11,838$10,246$8,840$7,606$6,528$5,169
15 years$10,935$9,360$7,982$6,783$5,747$4,462
16 years$10,146$8,588$7,236$6,073$5,080$3,864
17 years$9,450$7,909$6,585$5,457$4,504$3,356
18 years$8,832$7,308$6,011$4,918$4,005$2,921
19 years$8,279$6,773$5,503$4,444$3,569$2,549
20 years$7,783$6,294$5,050$4,025$3,188$2,228
21 years$7,334$5,863$4,645$3,653$2,853$1,950
22 years$6,927$5,472$4,281$3,321$2,557$1,709
23 years$6,556$5,118$3,953$3,025$2,296$1,500
24 years$6,216$4,796$3,656$2,759$2,063$1,318
25 years$5,904$4,500$3,386$2,519$1,857$1,159
26 years$5,616$4,230$3,140$2,303$1,673$1,020
27 years$5,350$3,981$2,916$2,108$1,508$898
28 years$5,104$3,751$2,711$1,932$1,361$791
29 years$4,875$3,539$2,523$1,771$1,229$697
30 years$4,661$3,342$2,350$1,626$1,110$615
31 years$4,462$3,159$2,191$1,493$1,004$543
32 years$4,276$2,989$2,044$1,372$908$479
33 years$4,101$2,831$1,908$1,262$822$423
34 years$3,937$2,683$1,783$1,161$744$373
35 years$3,783$2,545$1,667$1,069$674$330
36 years$3,637$2,415$1,560$984$610$291
37 years$3,500$2,294$1,460$907$553$258
38 years$3,370$2,180$1,367$836$502$228
39 years$3,247$2,073$1,281$771$455$201
40 years$3,131$1,972$1,200$711$413$178
41 years$3,020$1,877$1,126$656$374$157
42 years$2,916$1,788$1,056$605$340$139
43 years$2,816$1,704$991$559$308$123
44 years$2,721$1,624$930$516$280$109
45 years$2,630$1,549$873$477$254$96
46 years$2,544$1,477$820$440$231$85
47 years$2,462$1,410$771$407$209$75
48 years$2,383$1,346$724$376$190$67
49 years$2,308$1,285$681$347$173$59
50 years$2,236$1,228$640$321$157$52

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 $3,548 every year, while hoping to spend $33,626 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: 51/31/18 Blend
53$2,290,000$2,290,000$2,290,000$2,290,000
54$2,527,240$2,405,870$2,370,375$2,643,417
55$2,749,240$2,487,980$2,414,005$2,805,892
56$2,992,758$2,572,986$2,457,969$2,978,658
57$3,259,952$2,660,995$2,502,244$3,165,768
58$3,553,201$2,752,117$2,546,802$3,368,588
59$3,875,124$2,846,468$2,591,617$3,588,625
60$4,228,607$2,944,165$2,636,657$3,827,532
61$4,616,830$3,045,334$2,681,890$4,087,131
62$5,043,294$3,150,103$2,727,280$4,369,426
63$5,511,857$3,258,605$2,772,791$4,676,620
64$6,026,769$3,370,979$2,818,382$5,011,141
65$6,592,713$3,487,370$2,864,011$5,375,659
66$7,214,845$3,607,927$2,909,631$5,773,114
67$7,898,850$3,732,806$2,955,195$6,206,740
68$8,650,989$3,862,169$3,000,649$6,680,100
69$9,478,158$3,996,185$3,045,940$7,197,115
70$10,387,960$4,135,027$3,091,008$7,762,103
71$11,388,766$4,278,878$3,135,792$8,379,818
72$12,489,804$4,427,926$3,180,224$9,055,494
73$13,701,238$4,582,369$3,224,236$9,794,894
74$15,034,269$4,742,410$3,267,752$10,604,368
75$16,501,238$4,908,261$3,310,695$11,490,904
76$18,115,741$5,080,143$3,352,981$12,462,201
77$19,892,762$5,258,285$3,394,521$13,526,739
78$21,848,810$5,442,927$3,435,224$14,693,856
79$24,002,075$5,634,317$3,474,990$15,973,838
80$26,372,600$5,832,712$3,513,715$17,378,015
81$28,982,472$6,038,382$3,551,292$18,918,866
82$31,856,027$6,251,605$3,587,602$20,610,139
83$35,020,080$6,472,672$3,622,526$22,466,976
84$38,504,181$6,701,886$3,655,933$24,506,061
85$42,340,890$6,939,561$3,687,689$26,745,768
86$46,566,086$7,186,024$3,717,652$29,206,343
87$51,219,304$7,441,617$3,745,671$31,910,089
88$56,344,110$7,706,693$3,771,588$34,881,577
89$61,988,510$7,981,622$3,795,236$38,147,875
90$68,205,403$8,266,787$3,816,443$41,738,809
91$75,053,083$8,562,588$3,835,022$45,687,234
92$82,595,784$8,869,442$3,850,782$50,029,353
93$90,904,291$9,187,780$3,863,519$54,805,049
94$100,056,602$9,518,056$3,873,021$60,058,270
95$110,138,672$9,860,736$3,879,064$65,837,432
96$121,245,216$10,216,312$3,881,412$72,195,883
97$133,480,608$10,585,292$3,879,819$79,192,405
98$146,959,864$10,968,205$3,874,027$86,891,762
99$161,809,728$11,365,604$3,863,765$95,365,317
100$178,169,866$11,778,065$3,848,747$104,691,700