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

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$190,758$189,058$187,401$185,783$184,203$181,675
2 years$94,434$92,676$90,971$89,319$87,716$85,173
3 years$62,331$60,565$58,864$57,227$55,650$53,173
4 years$46,282$44,521$42,838$41,229$39,690$37,296
5 years$36,656$34,905$33,244$31,668$30,172$27,869
6 years$30,240$28,503$26,866$25,325$23,874$21,664
7 years$25,659$23,937$22,326$20,821$19,416$17,300
8 years$22,225$20,518$18,934$17,466$16,107$14,086
9 years$19,556$17,865$16,308$14,877$13,565$11,636
10 years$17,421$15,747$14,218$12,824$11,558$9,720
11 years$15,676$14,019$12,517$11,161$9,940$8,192
12 years$14,223$12,582$11,109$9,790$8,614$6,954
13 years$12,994$11,371$9,925$8,643$7,512$5,937
14 years$11,942$10,336$8,917$7,672$6,585$5,093
15 years$11,031$9,442$8,051$6,842$5,798$4,387
16 years$10,234$8,663$7,300$6,127$5,124$3,791
17 years$9,532$7,978$6,642$5,505$4,543$3,286
18 years$8,909$7,372$6,064$4,961$4,040$2,854
19 years$8,352$6,832$5,551$4,482$3,601$2,485
20 years$7,851$6,349$5,094$4,060$3,216$2,167
21 years$7,398$5,914$4,686$3,684$2,878$1,893
22 years$6,988$5,520$4,319$3,350$2,580$1,655
23 years$6,613$5,163$3,988$3,051$2,316$1,449
24 years$6,270$4,837$3,688$2,783$2,081$1,270
25 years$5,956$4,540$3,416$2,541$1,873$1,114
26 years$5,665$4,267$3,168$2,324$1,687$978
27 years$5,397$4,015$2,942$2,127$1,521$859
28 years$5,148$3,784$2,735$1,949$1,372$755
29 years$4,917$3,569$2,545$1,787$1,239$664
30 years$4,702$3,371$2,370$1,640$1,120$584
31 years$4,501$3,187$2,210$1,506$1,012$514
32 years$4,313$3,015$2,062$1,384$916$453
33 years$4,137$2,855$1,925$1,273$829$399
34 years$3,971$2,706$1,799$1,171$750$351
35 years$3,816$2,567$1,682$1,078$680$309
36 years$3,669$2,436$1,573$993$616$273
37 years$3,530$2,314$1,472$915$558$240
38 years$3,399$2,199$1,379$843$506$212
39 years$3,276$2,091$1,292$778$459$187
40 years$3,158$1,990$1,211$717$416$165
41 years$3,047$1,894$1,135$662$378$145
42 years$2,941$1,804$1,065$611$343$128
43 years$2,840$1,719$999$564$311$113
44 years$2,745$1,638$938$520$282$100
45 years$2,653$1,562$881$481$256$88
46 years$2,566$1,490$827$444$233$78
47 years$2,483$1,422$777$410$211$68
48 years$2,404$1,358$730$379$192$60
49 years$2,328$1,296$687$350$174$53
50 years$2,255$1,238$645$324$158$47

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 $4,474 every year, while hoping to spend $53,528 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: 51/30/19 Blend
53$2,310,000$2,310,000$2,310,000$2,310,000
54$2,550,235$2,427,805$2,392,000$2,666,681
55$2,753,406$2,489,814$2,415,179$2,809,432
56$2,975,505$2,553,067$2,437,340$2,958,646
57$3,218,409$2,617,570$2,458,393$3,119,731
58$3,484,180$2,683,324$2,478,242$3,293,829
59$3,775,091$2,750,331$2,496,787$3,482,199
60$4,093,643$2,818,591$2,513,923$3,686,227
61$4,442,593$2,888,100$2,529,538$3,907,438
62$4,824,975$2,958,854$2,543,514$4,147,513
63$5,244,131$3,030,846$2,555,731$4,408,304
64$5,703,741$3,104,067$2,566,057$4,691,853
65$6,207,860$3,178,503$2,574,357$5,000,406
66$6,760,953$3,254,141$2,580,489$5,336,441
67$7,367,938$3,330,962$2,584,303$5,702,688
68$8,034,232$3,408,944$2,585,642$6,102,153
69$8,765,803$3,488,062$2,584,341$6,538,149
70$9,569,226$3,568,287$2,580,226$7,014,330
71$10,451,740$3,649,587$2,573,117$7,534,719
72$11,421,325$3,731,923$2,562,824$8,103,750
73$12,486,767$3,815,255$2,549,146$8,726,311
74$13,657,749$3,899,534$2,531,874$9,407,787
75$14,944,938$3,984,709$2,510,790$10,154,113
76$16,360,084$4,070,722$2,485,663$10,971,831
77$17,916,133$4,157,509$2,456,254$11,868,151
78$19,627,350$4,244,998$2,422,310$12,851,016
79$21,509,451$4,333,114$2,383,568$13,929,184
80$23,579,749$4,421,770$2,339,752$15,112,305
81$25,857,322$4,510,876$2,290,572$16,411,015
82$28,363,189$4,600,329$2,235,727$17,837,038
83$31,120,510$4,690,021$2,174,899$19,403,292
84$34,154,802$4,779,832$2,107,758$21,124,017
85$37,494,182$4,869,634$2,033,959$23,014,906
86$41,169,630$4,959,287$1,953,138$25,093,258
87$45,215,281$5,048,642$1,864,917$27,378,134
88$49,668,749$5,137,534$1,768,901$29,890,546
89$54,571,478$5,225,790$1,664,676$32,653,651
90$59,969,136$5,313,221$1,551,809$35,692,970
91$65,912,043$5,399,624$1,429,850$39,036,633
92$72,455,647$5,484,781$1,298,326$42,715,642
93$79,661,047$5,568,459$1,156,744$46,764,166
94$87,595,568$5,650,408$1,004,588$51,219,863
95$96,333,396$5,730,358$841,323$56,124,237
96$105,956,280$5,808,023$666,384$61,523,033
97$116,554,300$5,883,096$479,187$67,466,666
98$128,226,718$5,955,246$279,120$74,010,700
99$141,082,914$6,024,125$65,541$81,216,374
100$155,243,421$6,089,356$0$89,151,181