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%12.3%
1 years$189,932$188,240$186,589$184,978$183,405$181,641
2 years$94,026$92,275$90,577$88,932$87,336$85,559
3 years$62,061$60,302$58,610$56,980$55,409$53,674
4 years$46,082$44,329$42,653$41,051$39,518$37,839
5 years$36,497$34,754$33,100$31,531$30,041$28,422
6 years$30,109$28,379$26,750$25,215$23,771$22,214
7 years$25,548$23,833$22,229$20,731$19,332$17,838
8 years$22,129$20,429$18,852$17,391$16,038$14,607
9 years$19,471$17,787$16,237$14,813$13,506$12,138
10 years$17,346$15,679$14,156$12,769$11,508$10,202
11 years$15,608$13,958$12,463$11,113$9,897$8,651
12 years$14,161$12,528$11,060$9,747$8,577$7,390
13 years$12,938$11,321$9,882$8,606$7,479$6,351
14 years$11,890$10,291$8,879$7,639$6,556$5,485
15 years$10,983$9,401$8,016$6,813$5,772$4,756
16 years$10,190$8,625$7,268$6,100$5,102$4,139
17 years$9,491$7,943$6,614$5,481$4,524$3,612
18 years$8,870$7,340$6,037$4,939$4,022$3,160
19 years$8,316$6,803$5,527$4,463$3,585$2,771
20 years$7,817$6,321$5,072$4,042$3,202$2,435
21 years$7,366$5,888$4,666$3,669$2,866$2,142
22 years$6,957$5,496$4,300$3,336$2,569$1,888
23 years$6,585$5,141$3,970$3,038$2,306$1,666
24 years$6,243$4,816$3,672$2,771$2,072$1,471
25 years$5,930$4,520$3,401$2,530$1,865$1,301
26 years$5,641$4,248$3,154$2,314$1,680$1,151
27 years$5,374$3,998$2,929$2,118$1,514$1,019
28 years$5,126$3,767$2,723$1,940$1,367$903
29 years$4,896$3,554$2,534$1,779$1,234$801
30 years$4,682$3,356$2,360$1,633$1,115$710
31 years$4,482$3,173$2,200$1,500$1,008$630
32 years$4,294$3,002$2,053$1,378$912$559
33 years$4,119$2,843$1,917$1,267$825$497
34 years$3,954$2,695$1,791$1,166$747$441
35 years$3,799$2,556$1,674$1,073$677$392
36 years$3,653$2,426$1,566$989$613$348
37 years$3,515$2,304$1,466$911$556$310
38 years$3,385$2,190$1,373$840$504$275
39 years$3,261$2,082$1,286$774$457$245
40 years$3,144$1,981$1,206$714$414$218
41 years$3,034$1,886$1,131$659$376$194
42 years$2,928$1,796$1,060$608$341$172
43 years$2,828$1,711$995$561$310$153
44 years$2,733$1,631$934$518$281$136
45 years$2,642$1,555$877$479$255$121
46 years$2,555$1,484$824$442$232$108
47 years$2,473$1,416$774$408$210$96
48 years$2,393$1,352$727$377$191$86
49 years$2,318$1,291$684$349$173$76
50 years$2,246$1,233$643$322$158$68

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 $2,383 every year, while hoping to spend $40,444 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: 40/44/16 Blend
53$2,300,000$2,300,000$2,300,000$2,300,000
54$2,537,058$2,415,158$2,379,508$2,626,385
55$2,752,806$2,490,469$2,416,189$2,765,393
56$2,989,204$2,568,114$2,452,744$2,911,572
57$3,248,318$2,648,166$2,489,125$3,068,848
58$3,532,418$2,730,698$2,525,283$3,238,250
59$3,844,009$2,815,786$2,561,164$3,420,906
60$4,185,847$2,903,510$2,596,713$3,618,061
61$4,560,970$2,993,948$2,631,870$3,831,079
62$4,972,724$3,087,186$2,666,571$4,061,463
63$5,424,791$3,183,308$2,700,751$4,310,867
64$5,921,233$3,282,403$2,734,339$4,581,108
65$6,466,519$3,384,561$2,767,260$4,874,187
66$7,065,576$3,489,877$2,799,436$5,192,307
67$7,723,831$3,598,446$2,830,782$5,537,890
68$8,447,260$3,710,369$2,861,213$5,913,602
69$9,242,451$3,825,748$2,890,634$6,322,379
70$10,116,659$3,944,687$2,918,948$6,767,451
71$11,077,878$4,067,296$2,946,052$7,252,375
72$12,134,914$4,193,687$2,971,838$7,781,069
73$13,297,472$4,323,974$2,996,190$8,357,842
74$14,576,242$4,458,276$3,018,990$8,987,443
75$15,983,002$4,596,715$3,040,110$9,675,099
76$17,530,732$4,739,418$3,059,418$10,426,567
77$19,233,730$4,886,513$3,076,772$11,248,188
78$21,107,752$5,038,134$3,092,025$12,146,943
79$23,170,158$5,194,418$3,105,023$13,130,522
80$25,440,077$5,355,506$3,115,604$14,207,397
81$27,938,583$5,521,545$3,123,595$15,386,896
82$30,688,901$5,692,683$3,128,818$16,679,297
83$33,716,620$5,869,076$3,131,085$18,095,918
84$37,049,936$6,050,881$3,130,197$19,649,230
85$40,719,919$6,238,263$3,125,947$21,352,969
86$44,760,802$6,431,390$3,118,118$23,222,268
87$49,210,310$6,630,435$3,106,482$25,273,798
88$54,110,012$6,835,575$3,090,798$27,525,925
89$59,505,710$7,046,996$3,070,818$29,998,884
90$65,447,879$7,264,885$3,046,276$32,714,966
91$71,992,136$7,489,437$3,016,900$35,698,733
92$79,199,766$7,720,853$2,982,399$38,977,244
93$87,138,305$7,959,337$2,942,472$42,580,313
94$95,882,170$8,205,102$2,896,802$46,540,791
95$105,513,365$8,458,367$2,845,059$50,894,870
96$116,122,256$8,719,354$2,786,896$55,682,430
97$127,808,419$8,988,295$2,721,950$60,947,411
98$140,681,584$9,265,428$2,649,841$66,738,229
99$154,862,668$9,550,996$2,570,174$73,108,232
100$170,484,917$9,845,252$2,482,531$80,116,203