Can I retire at age 54 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$189,932$188,240$186,589$184,978$183,405$182,402
2 years$94,026$92,275$90,577$88,932$87,336$86,324
3 years$62,061$60,302$58,610$56,980$55,409$54,420
4 years$46,082$44,329$42,653$41,051$39,518$38,559
5 years$36,497$34,754$33,100$31,531$30,041$29,114
6 years$30,109$28,379$26,750$25,215$23,771$22,877
7 years$25,548$23,833$22,229$20,731$19,332$18,473
8 years$22,129$20,429$18,852$17,391$16,038$15,213
9 years$19,471$17,787$16,237$14,813$13,506$12,716
10 years$17,346$15,679$14,156$12,769$11,508$10,751
11 years$15,608$13,958$12,463$11,113$9,897$9,174
12 years$14,161$12,528$11,060$9,747$8,577$7,886
13 years$12,938$11,321$9,882$8,606$7,479$6,821
14 years$11,890$10,291$8,879$7,639$6,556$5,929
15 years$10,983$9,401$8,016$6,813$5,772$5,176
16 years$10,190$8,625$7,268$6,100$5,102$4,535
17 years$9,491$7,943$6,614$5,481$4,524$3,985
18 years$8,870$7,340$6,037$4,939$4,022$3,512
19 years$8,316$6,803$5,527$4,463$3,585$3,102
20 years$7,817$6,321$5,072$4,042$3,202$2,745
21 years$7,366$5,888$4,666$3,669$2,866$2,433
22 years$6,957$5,496$4,300$3,336$2,569$2,160
23 years$6,585$5,141$3,970$3,038$2,306$1,920
24 years$6,243$4,816$3,672$2,771$2,072$1,709
25 years$5,930$4,520$3,401$2,530$1,865$1,523
26 years$5,641$4,248$3,154$2,314$1,680$1,358
27 years$5,374$3,998$2,929$2,118$1,514$1,212
28 years$5,126$3,767$2,723$1,940$1,367$1,083
29 years$4,896$3,554$2,534$1,779$1,234$968
30 years$4,682$3,356$2,360$1,633$1,115$865
31 years$4,482$3,173$2,200$1,500$1,008$774
32 years$4,294$3,002$2,053$1,378$912$693
33 years$4,119$2,843$1,917$1,267$825$620
34 years$3,954$2,695$1,791$1,166$747$556
35 years$3,799$2,556$1,674$1,073$677$498
36 years$3,653$2,426$1,566$989$613$446
37 years$3,515$2,304$1,466$911$556$400
38 years$3,385$2,190$1,373$840$504$359
39 years$3,261$2,082$1,286$774$457$322
40 years$3,144$1,981$1,206$714$414$289
41 years$3,034$1,886$1,131$659$376$259
42 years$2,928$1,796$1,060$608$341$232
43 years$2,828$1,711$995$561$310$209
44 years$2,733$1,631$934$518$281$187
45 years$2,642$1,555$877$479$255$168
46 years$2,555$1,484$824$442$232$151
47 years$2,473$1,416$774$408$210$135
48 years$2,393$1,352$727$377$191$122
49 years$2,318$1,291$684$349$173$109
50 years$2,246$1,233$643$322$158$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,300,000, adding $6,197 every year, while hoping to spend $44,452 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: 69/12/19 Blend
53$2,300,000$2,300,000$2,300,000$2,300,000
54$2,540,992$2,419,092$2,383,442$2,704,131
55$2,752,877$2,490,331$2,415,991$2,885,039
56$2,984,884$2,563,571$2,448,140$3,077,108
57$3,239,019$2,638,863$2,479,830$3,286,175
58$3,517,490$2,716,259$2,510,996$3,513,913
59$3,822,731$2,795,812$2,541,570$3,762,164
60$4,157,419$2,877,576$2,571,483$4,032,960
61$4,524,506$2,961,608$2,600,658$4,328,537
62$4,927,241$3,047,962$2,629,015$4,651,355
63$5,369,205$3,136,697$2,656,472$5,004,130
64$5,854,339$3,227,870$2,682,939$5,389,848
65$6,386,987$3,321,541$2,708,323$5,811,801
66$6,971,933$3,417,771$2,732,526$6,273,617
67$7,614,449$3,516,620$2,755,444$6,779,289
68$8,320,340$3,618,151$2,776,968$7,333,220
69$9,096,001$3,722,428$2,796,984$7,940,259
70$9,948,481$3,829,514$2,815,370$8,605,748
71$10,885,541$3,939,475$2,832,000$9,335,573
72$11,915,734$4,052,378$2,846,740$10,136,220
73$13,048,482$4,168,288$2,859,449$11,014,834
74$14,294,168$4,287,274$2,869,981$11,979,290
75$15,664,227$4,409,405$2,878,179$13,038,261
76$17,171,262$4,534,750$2,883,882$14,201,308
77$18,829,158$4,663,379$2,886,919$15,478,962
78$20,653,211$4,795,363$2,887,110$16,882,831
79$22,660,277$4,930,775$2,884,266$18,425,702
80$24,868,927$5,069,685$2,878,192$20,121,668
81$27,299,625$5,212,167$2,868,678$21,986,257
82$29,974,917$5,358,293$2,855,510$24,036,580
83$32,919,647$5,508,138$2,838,458$26,291,492
84$36,161,189$5,661,775$2,817,284$28,771,772
85$39,729,707$5,819,278$2,791,739$31,500,314
86$43,658,435$5,980,721$2,761,560$34,502,349
87$47,983,997$6,146,178$2,726,474$37,805,679
88$52,746,747$6,315,723$2,686,193$41,440,944
89$57,991,151$6,489,429$2,640,417$45,441,904
90$63,766,208$6,667,371$2,588,831$49,845,765
91$70,125,910$6,849,621$2,531,105$54,693,526
92$77,129,751$7,036,250$2,466,895$60,030,367
93$84,843,291$7,227,331$2,395,841$65,906,076
94$93,338,770$7,422,934$2,317,565$72,375,520
95$102,695,793$7,623,127$2,231,673$79,499,161
96$113,002,083$7,827,979$2,137,752$87,343,626
97$124,354,300$8,037,554$2,035,372$95,982,342
98$136,858,962$8,251,918$1,924,080$105,496,220
99$150,633,447$8,471,132$1,803,407$115,974,429
100$165,807,097$8,695,257$1,672,860$127,515,229