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%14.5%
1 years$190,758$189,058$187,401$185,783$184,203$180,779
2 years$94,434$92,676$90,971$89,319$87,716$84,279
3 years$62,331$60,565$58,864$57,227$55,650$52,308
4 years$46,282$44,521$42,838$41,229$39,690$36,468
5 years$36,656$34,905$33,244$31,668$30,172$27,079
6 years$30,240$28,503$26,866$25,325$23,874$20,914
7 years$25,659$23,937$22,326$20,821$19,416$16,589
8 years$22,225$20,518$18,934$17,466$16,107$13,413
9 years$19,556$17,865$16,308$14,877$13,565$11,002
10 years$17,421$15,747$14,218$12,824$11,558$9,124
11 years$15,676$14,019$12,517$11,161$9,940$7,632
12 years$14,223$12,582$11,109$9,790$8,614$6,428
13 years$12,994$11,371$9,925$8,643$7,512$5,445
14 years$11,942$10,336$8,917$7,672$6,585$4,634
15 years$11,031$9,442$8,051$6,842$5,798$3,958
16 years$10,234$8,663$7,300$6,127$5,124$3,392
17 years$9,532$7,978$6,642$5,505$4,543$2,915
18 years$8,909$7,372$6,064$4,961$4,040$2,510
19 years$8,352$6,832$5,551$4,482$3,601$2,166
20 years$7,851$6,349$5,094$4,060$3,216$1,872
21 years$7,398$5,914$4,686$3,684$2,878$1,621
22 years$6,988$5,520$4,319$3,350$2,580$1,404
23 years$6,613$5,163$3,988$3,051$2,316$1,218
24 years$6,270$4,837$3,688$2,783$2,081$1,058
25 years$5,956$4,540$3,416$2,541$1,873$919
26 years$5,665$4,267$3,168$2,324$1,687$799
27 years$5,397$4,015$2,942$2,127$1,521$695
28 years$5,148$3,784$2,735$1,949$1,372$605
29 years$4,917$3,569$2,545$1,787$1,239$527
30 years$4,702$3,371$2,370$1,640$1,120$459
31 years$4,501$3,187$2,210$1,506$1,012$400
32 years$4,313$3,015$2,062$1,384$916$349
33 years$4,137$2,855$1,925$1,273$829$304
34 years$3,971$2,706$1,799$1,171$750$265
35 years$3,816$2,567$1,682$1,078$680$231
36 years$3,669$2,436$1,573$993$616$202
37 years$3,530$2,314$1,472$915$558$176
38 years$3,399$2,199$1,379$843$506$154
39 years$3,276$2,091$1,292$778$459$134
40 years$3,158$1,990$1,211$717$416$117
41 years$3,047$1,894$1,135$662$378$102
42 years$2,941$1,804$1,065$611$343$89
43 years$2,840$1,719$999$564$311$78
44 years$2,745$1,638$938$520$282$68
45 years$2,653$1,562$881$481$256$59
46 years$2,566$1,490$827$444$233$52
47 years$2,483$1,422$777$410$211$45
48 years$2,404$1,358$730$379$192$39
49 years$2,328$1,296$687$350$174$34
50 years$2,255$1,238$645$324$158$30

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 $4,077 every year, while hoping to spend $32,990 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: 40/38/22 Blend
53$2,310,000$2,310,000$2,310,000$2,310,000
54$2,549,825$2,427,395$2,391,590$2,635,066
55$2,774,807$2,511,237$2,436,608$2,780,520
56$3,021,630$2,598,081$2,482,027$2,934,338
57$3,292,489$2,688,039$2,527,828$3,100,082
58$3,589,799$2,781,229$2,573,986$3,278,857
59$3,916,221$2,877,772$2,620,478$3,471,880
60$4,274,687$2,977,794$2,667,275$3,680,486
61$4,668,425$3,081,426$2,714,348$3,906,145
62$5,100,992$3,188,804$2,761,667$4,150,471
63$5,576,308$3,300,070$2,809,197$4,415,242
64$6,098,688$3,415,370$2,856,902$4,702,410
65$6,672,890$3,534,859$2,904,744$5,014,124
66$7,304,153$3,658,695$2,952,681$5,352,748
67$7,998,249$3,787,043$3,000,668$5,720,883
68$8,761,539$3,920,077$3,048,659$6,121,390
69$9,601,029$4,057,974$3,096,603$6,557,417
70$10,524,441$4,200,922$3,144,446$7,032,431
71$11,540,280$4,349,113$3,192,131$7,550,245
72$12,657,919$4,502,750$3,239,597$8,115,056
73$13,887,683$4,662,041$3,286,780$8,731,486
74$15,240,951$4,827,206$3,333,612$9,404,622
75$16,730,260$4,998,470$3,380,019$10,140,063
76$18,369,421$5,176,070$3,425,925$10,943,975
77$20,173,657$5,360,252$3,471,248$11,823,148
78$22,159,737$5,551,272$3,515,902$12,785,055
79$24,346,141$5,749,395$3,559,795$13,837,928
80$26,753,230$5,954,898$3,602,831$14,990,832
81$29,403,442$6,168,070$3,644,908$16,253,747
82$32,321,499$6,389,211$3,685,919$17,637,668
83$35,534,643$6,618,634$3,725,748$19,154,701
84$39,072,893$6,856,663$3,764,277$20,818,181
85$42,969,326$7,103,638$3,801,379$22,642,795
86$47,260,392$7,359,911$3,836,920$24,644,721
87$51,986,255$7,625,850$3,870,760$26,841,777
88$57,191,173$7,901,837$3,902,750$29,253,592
89$62,923,916$8,188,270$3,932,735$31,901,786
90$69,238,225$8,485,564$3,960,551$34,810,177
91$76,193,319$8,794,152$3,986,025$38,005,003
92$83,854,456$9,114,484$4,008,976$41,515,167
93$92,293,546$9,447,029$4,029,212$45,372,510
94$101,589,830$9,792,276$4,046,532$49,612,113
95$111,830,629$10,150,734$4,060,727$54,272,620
96$123,112,166$10,522,932$4,071,574$59,396,609
97$135,540,476$10,909,426$4,078,842$65,030,988
98$149,232,407$11,310,790$4,082,285$71,227,437
99$164,316,718$11,727,624$4,081,648$78,042,896
100$180,935,302$12,160,556$4,076,661$85,540,098