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

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$189,932$188,240$186,589$184,978$183,405$179,997
2 years$94,026$92,275$90,577$88,932$87,336$83,915
3 years$62,061$60,302$58,610$56,980$55,409$52,082
4 years$46,082$44,329$42,653$41,051$39,518$36,311
5 years$36,497$34,754$33,100$31,531$30,041$26,962
6 years$30,109$28,379$26,750$25,215$23,771$20,823
7 years$25,548$23,833$22,229$20,731$19,332$16,518
8 years$22,129$20,429$18,852$17,391$16,038$13,355
9 years$19,471$17,787$16,237$14,813$13,506$10,954
10 years$17,346$15,679$14,156$12,769$11,508$9,084
11 years$15,608$13,958$12,463$11,113$9,897$7,599
12 years$14,161$12,528$11,060$9,747$8,577$6,401
13 years$12,938$11,321$9,882$8,606$7,479$5,422
14 years$11,890$10,291$8,879$7,639$6,556$4,614
15 years$10,983$9,401$8,016$6,813$5,772$3,941
16 years$10,190$8,625$7,268$6,100$5,102$3,378
17 years$9,491$7,943$6,614$5,481$4,524$2,902
18 years$8,870$7,340$6,037$4,939$4,022$2,499
19 years$8,316$6,803$5,527$4,463$3,585$2,157
20 years$7,817$6,321$5,072$4,042$3,202$1,864
21 years$7,366$5,888$4,666$3,669$2,866$1,613
22 years$6,957$5,496$4,300$3,336$2,569$1,398
23 years$6,585$5,141$3,970$3,038$2,306$1,213
24 years$6,243$4,816$3,672$2,771$2,072$1,053
25 years$5,930$4,520$3,401$2,530$1,865$915
26 years$5,641$4,248$3,154$2,314$1,680$796
27 years$5,374$3,998$2,929$2,118$1,514$692
28 years$5,126$3,767$2,723$1,940$1,367$603
29 years$4,896$3,554$2,534$1,779$1,234$525
30 years$4,682$3,356$2,360$1,633$1,115$457
31 years$4,482$3,173$2,200$1,500$1,008$398
32 years$4,294$3,002$2,053$1,378$912$347
33 years$4,119$2,843$1,917$1,267$825$303
34 years$3,954$2,695$1,791$1,166$747$264
35 years$3,799$2,556$1,674$1,073$677$230
36 years$3,653$2,426$1,566$989$613$201
37 years$3,515$2,304$1,466$911$556$175
38 years$3,385$2,190$1,373$840$504$153
39 years$3,261$2,082$1,286$774$457$133
40 years$3,144$1,981$1,206$714$414$117
41 years$3,034$1,886$1,131$659$376$102
42 years$2,928$1,796$1,060$608$341$89
43 years$2,828$1,711$995$561$310$77
44 years$2,733$1,631$934$518$281$68
45 years$2,642$1,555$877$479$255$59
46 years$2,555$1,484$824$442$232$52
47 years$2,473$1,416$774$408$210$45
48 years$2,393$1,352$727$377$191$39
49 years$2,318$1,291$684$349$173$34
50 years$2,246$1,233$643$322$158$30

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 $5,370 every year, while hoping to spend $31,816 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: 59/33/8 Blend
53$2,300,000$2,300,000$2,300,000$2,300,000
54$2,540,139$2,418,239$2,382,589$2,685,224
55$2,765,381$2,502,881$2,428,554$2,867,886
56$3,012,532$2,590,604$2,474,992$3,062,869
57$3,283,792$2,681,525$2,521,886$3,274,675
58$3,581,586$2,775,767$2,569,217$3,504,922
59$3,908,585$2,873,456$2,616,962$3,755,387
60$4,267,730$2,974,726$2,665,100$4,028,028
61$4,662,263$3,079,712$2,713,605$4,324,997
62$5,095,754$3,188,557$2,762,451$4,648,664
63$5,572,136$3,301,412$2,811,609$5,001,633
64$6,095,742$3,418,430$2,861,046$5,386,775
65$6,671,347$3,539,772$2,910,730$5,807,246
66$7,304,209$3,665,605$2,960,624$6,266,521
67$8,000,123$3,796,105$3,010,690$6,768,423
68$8,765,473$3,931,452$3,060,886$7,317,164
69$9,607,294$4,071,835$3,111,167$7,917,379
70$10,533,333$4,217,451$3,161,487$8,574,169
71$11,552,131$4,368,503$3,211,795$9,293,155
72$12,673,095$4,525,206$3,262,037$10,080,522
73$13,906,590$4,687,781$3,312,155$10,943,081
74$15,264,039$4,856,459$3,362,088$11,888,333
75$16,758,025$5,031,479$3,411,772$12,924,540
76$18,402,414$5,213,093$3,461,137$14,060,796
77$20,212,487$5,401,560$3,510,111$15,307,122
78$22,205,076$5,597,153$3,558,616$16,674,549
79$24,398,734$5,800,153$3,606,570$18,175,231
80$26,813,900$6,010,856$3,653,885$19,822,552
81$29,473,098$6,229,568$3,700,470$21,631,255
82$32,401,146$6,456,609$3,746,228$23,617,580
83$35,625,391$6,692,310$3,791,054$25,799,413
84$39,175,967$6,937,020$3,834,841$28,196,460
85$43,086,082$7,191,100$3,877,474$30,830,425
86$47,392,324$7,454,926$3,918,832$33,725,219
87$52,135,014$7,728,890$3,958,785$36,907,183
88$57,358,582$8,013,402$3,997,201$40,405,335
89$63,111,986$8,308,887$4,033,936$44,251,644
90$69,449,176$8,615,791$4,068,840$48,481,327
91$76,429,602$8,934,575$4,101,757$53,133,185
92$84,118,776$9,265,723$4,132,520$58,249,966
93$92,588,885$9,609,738$4,160,954$63,878,766
94$101,919,481$9,967,144$4,186,875$70,071,473
95$112,198,222$10,338,489$4,210,090$76,885,255
96$123,521,709$10,724,343$4,230,396$84,383,101
97$135,996,388$11,125,301$4,247,579$92,634,409
98$149,739,562$11,541,982$4,261,415$101,715,642
99$164,880,493$11,975,035$4,271,668$111,711,050
100$181,561,625$12,425,134$4,278,091$122,713,460