Can I retire at age 54 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$190,758$189,058$187,401$185,783$184,203$180,262
2 years$94,434$92,676$90,971$89,319$87,716$83,765
3 years$62,331$60,565$58,864$57,227$55,650$51,813
4 years$46,282$44,521$42,838$41,229$39,690$35,995
5 years$36,656$34,905$33,244$31,668$30,172$26,630
6 years$30,240$28,503$26,866$25,325$23,874$20,489
7 years$25,659$23,937$22,326$20,821$19,416$16,188
8 years$22,225$20,518$18,934$17,466$16,107$13,036
9 years$19,556$17,865$16,308$14,877$13,565$10,648
10 years$17,421$15,747$14,218$12,824$11,558$8,792
11 years$15,676$14,019$12,517$11,161$9,940$7,322
12 years$14,223$12,582$11,109$9,790$8,614$6,139
13 years$12,994$11,371$9,925$8,643$7,512$5,176
14 years$11,942$10,336$8,917$7,672$6,585$4,384
15 years$11,031$9,442$8,051$6,842$5,798$3,727
16 years$10,234$8,663$7,300$6,127$5,124$3,178
17 years$9,532$7,978$6,642$5,505$4,543$2,717
18 years$8,909$7,372$6,064$4,961$4,040$2,328
19 years$8,352$6,832$5,551$4,482$3,601$1,999
20 years$7,851$6,349$5,094$4,060$3,216$1,718
21 years$7,398$5,914$4,686$3,684$2,878$1,479
22 years$6,988$5,520$4,319$3,350$2,580$1,275
23 years$6,613$5,163$3,988$3,051$2,316$1,100
24 years$6,270$4,837$3,688$2,783$2,081$950
25 years$5,956$4,540$3,416$2,541$1,873$821
26 years$5,665$4,267$3,168$2,324$1,687$710
27 years$5,397$4,015$2,942$2,127$1,521$614
28 years$5,148$3,784$2,735$1,949$1,372$531
29 years$4,917$3,569$2,545$1,787$1,239$460
30 years$4,702$3,371$2,370$1,640$1,120$399
31 years$4,501$3,187$2,210$1,506$1,012$345
32 years$4,313$3,015$2,062$1,384$916$299
33 years$4,137$2,855$1,925$1,273$829$259
34 years$3,971$2,706$1,799$1,171$750$225
35 years$3,816$2,567$1,682$1,078$680$195
36 years$3,669$2,436$1,573$993$616$169
37 years$3,530$2,314$1,472$915$558$147
38 years$3,399$2,199$1,379$843$506$127
39 years$3,276$2,091$1,292$778$459$110
40 years$3,158$1,990$1,211$717$416$96
41 years$3,047$1,894$1,135$662$378$83
42 years$2,941$1,804$1,065$611$343$72
43 years$2,840$1,719$999$564$311$63
44 years$2,745$1,638$938$520$282$54
45 years$2,653$1,562$881$481$256$47
46 years$2,566$1,490$827$444$233$41
47 years$2,483$1,422$777$410$211$35
48 years$2,404$1,358$730$379$192$31
49 years$2,328$1,296$687$350$174$27
50 years$2,255$1,238$645$324$158$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,310,000, adding $5,421 every year, while hoping to spend $54,823 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: 57/29/14 Blend
53$2,310,000$2,310,000$2,310,000$2,310,000
54$2,551,212$2,428,782$2,392,977$2,687,187
55$2,753,104$2,489,461$2,414,810$2,840,546
56$2,973,752$2,551,276$2,435,538$3,001,090
57$3,215,011$2,614,224$2,455,064$3,174,755
58$3,478,923$2,678,302$2,473,290$3,362,809
59$3,767,737$2,743,503$2,490,109$3,566,649
60$4,083,931$2,809,819$2,505,412$3,787,811
61$4,430,230$2,877,239$2,519,082$4,027,989
62$4,809,639$2,945,749$2,530,997$4,289,047
63$5,225,465$3,015,333$2,541,028$4,573,039
64$5,681,350$3,085,972$2,549,040$4,882,228
65$6,181,306$3,157,643$2,554,891$5,219,107
66$6,729,752$3,230,321$2,558,433$5,586,423
67$7,331,556$3,303,975$2,559,509$5,987,201
68$7,992,077$3,378,573$2,557,955$6,424,775
69$8,717,222$3,454,075$2,553,599$6,902,817
70$9,513,494$3,530,441$2,546,261$7,425,376
71$10,388,061$3,607,623$2,535,751$7,996,911
72$11,348,816$3,685,569$2,521,872$8,622,336
73$12,404,454$3,764,222$2,504,414$9,307,065
74$13,564,557$3,843,517$2,483,160$10,057,066
75$14,839,678$3,923,385$2,457,881$10,878,915
76$16,241,444$4,003,750$2,428,340$11,779,857
77$17,782,667$4,084,529$2,394,284$12,767,878
78$19,477,458$4,165,631$2,355,452$13,851,778
79$21,341,369$4,246,957$2,311,570$15,041,255
80$23,391,531$4,328,400$2,262,350$16,346,996
81$25,646,820$4,409,844$2,207,491$17,780,779
82$28,128,032$4,491,163$2,146,679$19,355,584
83$30,858,083$4,572,222$2,079,585$21,085,716
84$33,862,221$4,652,874$2,005,864$22,986,941
85$37,168,264$4,732,961$1,925,157$25,076,633
86$40,806,865$4,812,314$1,837,088$27,373,940
87$44,811,797$4,890,749$1,741,262$29,899,964
88$49,220,275$4,968,071$1,637,269$32,677,963
89$54,073,305$5,044,068$1,524,679$35,733,567
90$59,416,069$5,118,515$1,403,043$39,095,025
91$65,298,355$5,191,169$1,271,892$42,793,469
92$71,775,022$5,261,771$1,130,735$46,863,209
93$78,906,521$5,330,044$979,061$51,342,058
94$86,759,461$5,395,692$816,335$56,271,690
95$95,407,243$5,458,397$641,999$61,698,033
96$104,930,745$5,517,822$455,469$67,671,704
97$115,419,091$5,573,605$256,138$74,248,487
98$126,970,489$5,625,363$43,369$81,489,862
99$139,693,157$5,672,684$0$89,463,586
100$153,706,345$5,715,131$0$98,271,771