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%16.7%
1 years$192,409$190,695$189,023$187,391$185,797$180,720
2 years$95,252$93,478$91,759$90,092$88,475$83,396
3 years$62,871$61,089$59,374$57,723$56,132$51,211
4 years$46,683$44,907$43,209$41,586$40,034$35,309
5 years$36,973$35,208$33,532$31,942$30,433$25,917
6 years$30,502$28,750$27,099$25,544$24,081$19,778
7 years$25,881$24,144$22,519$21,001$19,584$15,495
8 years$22,418$20,696$19,098$17,618$16,247$12,369
9 years$19,725$18,019$16,449$15,006$13,682$10,011
10 years$17,572$15,883$14,341$12,936$11,658$8,190
11 years$15,812$14,140$12,625$11,258$10,026$6,756
12 years$14,346$12,691$11,205$9,875$8,689$5,609
13 years$13,107$11,469$10,011$8,718$7,577$4,682
14 years$12,045$10,425$8,995$7,739$6,642$3,925
15 years$11,126$9,524$8,121$6,902$5,848$3,302
16 years$10,323$8,738$7,363$6,180$5,168$2,786
17 years$9,615$8,047$6,700$5,552$4,583$2,356
18 years$8,986$7,436$6,116$5,004$4,075$1,996
19 years$8,424$6,891$5,599$4,521$3,632$1,695
20 years$7,919$6,404$5,139$4,095$3,244$1,441
21 years$7,463$5,965$4,726$3,716$2,903$1,226
22 years$7,048$5,568$4,356$3,379$2,602$1,045
23 years$6,670$5,208$4,022$3,077$2,336$891
24 years$6,325$4,879$3,720$2,807$2,099$760
25 years$6,007$4,579$3,445$2,563$1,889$649
26 years$5,714$4,303$3,195$2,344$1,702$554
27 years$5,444$4,050$2,967$2,145$1,534$474
28 years$5,193$3,816$2,758$1,966$1,384$405
29 years$4,960$3,600$2,567$1,802$1,250$346
30 years$4,743$3,400$2,391$1,654$1,130$296
31 years$4,540$3,214$2,229$1,519$1,021$254
32 years$4,350$3,041$2,080$1,396$924$217
33 years$4,173$2,880$1,942$1,284$836$186
34 years$4,006$2,730$1,814$1,181$757$159
35 years$3,849$2,589$1,696$1,087$686$136
36 years$3,701$2,457$1,587$1,002$621$117
37 years$3,561$2,334$1,485$923$563$100
38 years$3,429$2,218$1,391$851$510$86
39 years$3,304$2,109$1,303$784$463$73
40 years$3,185$2,007$1,221$723$420$63
41 years$3,073$1,910$1,145$667$381$54
42 years$2,966$1,819$1,074$616$346$46
43 years$2,865$1,733$1,008$569$314$39
44 years$2,768$1,652$946$525$285$34
45 years$2,676$1,576$889$485$258$29
46 years$2,589$1,503$835$448$235$25
47 years$2,505$1,434$784$414$213$21
48 years$2,425$1,369$737$382$194$18
49 years$2,348$1,308$692$353$176$16
50 years$2,275$1,249$651$327$160$13

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 $2,190 every year, while hoping to spend $49,190 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: 51/34/15 Blend
53$2,330,000$2,330,000$2,330,000$2,330,000
54$2,569,919$2,446,429$2,410,314$2,690,382
55$2,779,713$2,513,966$2,438,722$2,840,806
56$3,009,257$2,583,164$2,466,432$2,998,912
57$3,260,514$2,654,052$2,493,371$3,169,708
58$3,535,646$2,726,660$2,519,458$3,354,407
59$3,837,031$2,801,015$2,544,609$3,554,344
60$4,167,291$2,877,148$2,568,737$3,770,988
61$4,529,313$2,955,086$2,591,747$4,005,958
62$4,926,275$3,034,858$2,613,543$4,261,035
63$5,361,679$3,116,489$2,634,020$4,538,181
64$5,839,381$3,200,008$2,653,071$4,839,556
65$6,363,629$3,285,440$2,670,580$5,167,539
66$6,939,102$3,372,810$2,686,427$5,524,750
67$7,570,955$3,462,142$2,700,487$5,914,076
68$8,264,865$3,553,459$2,712,626$6,338,694
69$9,027,086$3,646,783$2,722,704$6,802,107
70$9,864,509$3,742,136$2,730,574$7,308,171
71$10,784,723$3,839,535$2,736,083$7,861,136
72$11,796,092$3,938,999$2,739,069$8,465,683
73$12,907,827$4,040,544$2,739,361$9,126,968
74$14,130,078$4,144,183$2,736,782$9,850,674
75$15,474,026$4,249,928$2,731,145$10,643,060
76$16,951,992$4,357,790$2,722,253$11,511,024
77$18,577,548$4,467,774$2,709,901$12,462,164
78$20,365,649$4,579,886$2,693,874$13,504,854
79$22,332,772$4,694,127$2,673,945$14,648,320
80$24,497,070$4,810,496$2,649,879$15,902,728
81$26,878,548$4,928,986$2,621,426$17,279,280
82$29,499,244$5,049,590$2,588,328$18,790,319
83$32,383,441$5,172,295$2,550,311$20,449,447
84$35,557,898$5,297,084$2,507,093$22,271,652
85$39,052,098$5,423,934$2,458,374$24,273,451
86$42,898,525$5,552,820$2,403,843$26,473,043
87$47,132,976$5,683,710$2,343,173$28,890,484
88$51,794,893$5,816,565$2,276,023$31,547,877
89$56,927,737$5,951,342$2,202,035$34,469,576
90$62,579,400$6,087,991$2,120,837$37,682,422
91$68,802,650$6,226,455$2,032,036$41,215,991
92$75,655,637$6,366,668$1,935,226$45,102,878
93$83,202,435$6,508,557$1,829,979$49,379,003
94$91,513,649$6,652,042$1,715,849$54,083,948
95$100,667,080$6,797,031$1,592,369$59,261,336
96$110,748,461$6,943,425$1,459,052$64,959,240
97$121,852,264$7,091,111$1,315,390$71,230,635
98$134,082,589$7,239,970$1,160,849$78,133,903
99$147,554,151$7,389,866$994,876$85,733,383
100$162,393,359$7,540,655$816,889$94,099,979