Can I retire at age 54 with 2,330,000?

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 $2,330,000?

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$192,409$190,695$189,023$187,391$185,797$183,248
2 years$95,252$93,478$91,759$90,092$88,475$85,911
3 years$62,871$61,089$59,374$57,723$56,132$53,633
4 years$46,683$44,907$43,209$41,586$40,034$37,619
5 years$36,973$35,208$33,532$31,942$30,433$28,110
6 years$30,502$28,750$27,099$25,544$24,081$21,852
7 years$25,881$24,144$22,519$21,001$19,584$17,450
8 years$22,418$20,696$19,098$17,618$16,247$14,207
9 years$19,725$18,019$16,449$15,006$13,682$11,737
10 years$17,572$15,883$14,341$12,936$11,658$9,805
11 years$15,812$14,140$12,625$11,258$10,026$8,263
12 years$14,346$12,691$11,205$9,875$8,689$7,014
13 years$13,107$11,469$10,011$8,718$7,577$5,989
14 years$12,045$10,425$8,995$7,739$6,642$5,137
15 years$11,126$9,524$8,121$6,902$5,848$4,425
16 years$10,323$8,738$7,363$6,180$5,168$3,824
17 years$9,615$8,047$6,700$5,552$4,583$3,314
18 years$8,986$7,436$6,116$5,004$4,075$2,879
19 years$8,424$6,891$5,599$4,521$3,632$2,506
20 years$7,919$6,404$5,139$4,095$3,244$2,186
21 years$7,463$5,965$4,726$3,716$2,903$1,909
22 years$7,048$5,568$4,356$3,379$2,602$1,670
23 years$6,670$5,208$4,022$3,077$2,336$1,462
24 years$6,325$4,879$3,720$2,807$2,099$1,281
25 years$6,007$4,579$3,445$2,563$1,889$1,124
26 years$5,714$4,303$3,195$2,344$1,702$987
27 years$5,444$4,050$2,967$2,145$1,534$867
28 years$5,193$3,816$2,758$1,966$1,384$762
29 years$4,960$3,600$2,567$1,802$1,250$670
30 years$4,743$3,400$2,391$1,654$1,130$589
31 years$4,540$3,214$2,229$1,519$1,021$519
32 years$4,350$3,041$2,080$1,396$924$457
33 years$4,173$2,880$1,942$1,284$836$402
34 years$4,006$2,730$1,814$1,181$757$354
35 years$3,849$2,589$1,696$1,087$686$312
36 years$3,701$2,457$1,587$1,002$621$275
37 years$3,561$2,334$1,485$923$563$242
38 years$3,429$2,218$1,391$851$510$214
39 years$3,304$2,109$1,303$784$463$188
40 years$3,185$2,007$1,221$723$420$166
41 years$3,073$1,910$1,145$667$381$147
42 years$2,966$1,819$1,074$616$346$129
43 years$2,865$1,733$1,008$569$314$114
44 years$2,768$1,652$946$525$285$101
45 years$2,676$1,576$889$485$258$89
46 years$2,589$1,503$835$448$235$78
47 years$2,505$1,434$784$414$213$69
48 years$2,425$1,369$737$382$194$61
49 years$2,348$1,308$692$353$176$54
50 years$2,275$1,249$651$327$160$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,330,000, adding $3,788 every year, while hoping to spend $32,149 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: 48/44/8 Blend
53$2,330,000$2,330,000$2,330,000$2,330,000
54$2,571,567$2,448,077$2,411,962$2,689,326
55$2,799,661$2,533,827$2,458,557$2,856,199
56$3,049,943$2,622,701$2,505,635$3,033,580
57$3,324,641$2,714,818$2,553,178$3,225,414
58$3,626,213$2,810,302$2,601,168$3,433,057
59$3,957,363$2,909,283$2,649,583$3,657,997
60$4,321,070$3,011,893$2,698,400$3,901,870
61$4,720,616$3,118,274$2,747,594$4,166,475
62$5,159,619$3,228,569$2,797,138$4,453,789
63$5,642,061$3,342,930$2,847,003$4,765,987
64$6,172,332$3,461,514$2,897,158$5,105,460
65$6,755,265$3,584,484$2,947,569$5,474,839
66$7,396,189$3,712,010$2,998,199$5,877,016
67$8,100,971$3,844,269$3,049,009$6,315,176
68$8,876,078$3,981,446$3,099,959$6,792,818
69$9,728,633$4,123,732$3,151,002$7,313,797
70$10,666,485$4,271,326$3,202,092$7,882,353
71$11,698,282$4,424,437$3,253,178$8,503,152
72$12,833,553$4,583,281$3,304,206$9,181,329
73$14,082,796$4,748,082$3,355,117$9,922,537
74$15,457,578$4,919,075$3,405,851$10,732,999
75$16,970,647$5,096,505$3,456,342$11,619,562
76$18,636,044$5,280,626$3,506,521$12,589,769
77$20,469,245$5,471,701$3,556,315$13,651,920
78$22,487,302$5,670,008$3,605,644$14,815,156
79$24,709,001$5,875,832$3,654,428$16,089,541
80$27,155,045$6,089,474$3,702,577$17,486,156
81$29,848,246$6,311,245$3,750,000$19,017,204
82$32,813,740$6,541,469$3,796,598$20,696,123
83$36,079,225$6,780,484$3,842,267$22,537,713
84$39,675,222$7,028,644$3,886,899$24,558,270
85$43,635,362$7,286,315$3,930,378$26,775,745
86$47,996,704$7,553,879$3,972,581$29,209,907
87$52,800,085$7,831,737$4,013,379$31,882,530
88$58,090,503$8,120,302$4,052,637$34,817,599
89$63,917,546$8,420,008$4,090,213$38,041,530
90$70,335,855$8,731,307$4,125,953$41,583,424
91$77,405,640$9,054,670$4,159,701$45,475,332
92$85,193,253$9,390,586$4,191,289$49,752,566
93$93,771,808$9,739,568$4,220,540$54,454,021
94$103,221,874$10,102,148$4,247,270$59,622,547
95$113,632,235$10,478,883$4,271,283$65,305,348
96$125,100,727$10,870,353$4,292,375$71,554,425
97$137,735,163$11,277,162$4,310,331$78,427,068
98$151,654,347$11,699,940$4,324,925$85,986,394
99$166,989,199$12,139,346$4,335,919$94,301,938
100$183,883,989$12,596,065$4,343,063$103,450,309