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

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$192,409$190,695$189,023$187,391$185,797$178,850
2 years$95,252$93,478$91,759$90,092$88,475$81,555
3 years$62,871$61,089$59,374$57,723$56,132$49,457
4 years$46,683$44,907$43,209$41,586$40,034$33,655
5 years$36,973$35,208$33,532$31,942$30,433$24,367
6 years$30,502$28,750$27,099$25,544$24,081$18,332
7 years$25,881$24,144$22,519$21,001$19,584$14,150
8 years$22,418$20,696$19,098$17,618$16,247$11,123
9 years$19,725$18,019$16,449$15,006$13,682$8,862
10 years$17,572$15,883$14,341$12,936$11,658$7,132
11 years$15,812$14,140$12,625$11,258$10,026$5,785
12 years$14,346$12,691$11,205$9,875$8,689$4,721
13 years$13,107$11,469$10,011$8,718$7,577$3,872
14 years$12,045$10,425$8,995$7,739$6,642$3,187
15 years$11,126$9,524$8,121$6,902$5,848$2,632
16 years$10,323$8,738$7,363$6,180$5,168$2,180
17 years$9,615$8,047$6,700$5,552$4,583$1,809
18 years$8,986$7,436$6,116$5,004$4,075$1,503
19 years$8,424$6,891$5,599$4,521$3,632$1,251
20 years$7,919$6,404$5,139$4,095$3,244$1,043
21 years$7,463$5,965$4,726$3,716$2,903$870
22 years$7,048$5,568$4,356$3,379$2,602$726
23 years$6,670$5,208$4,022$3,077$2,336$607
24 years$6,325$4,879$3,720$2,807$2,099$507
25 years$6,007$4,579$3,445$2,563$1,889$424
26 years$5,714$4,303$3,195$2,344$1,702$355
27 years$5,444$4,050$2,967$2,145$1,534$297
28 years$5,193$3,816$2,758$1,966$1,384$248
29 years$4,960$3,600$2,567$1,802$1,250$208
30 years$4,743$3,400$2,391$1,654$1,130$174
31 years$4,540$3,214$2,229$1,519$1,021$146
32 years$4,350$3,041$2,080$1,396$924$122
33 years$4,173$2,880$1,942$1,284$836$102
34 years$4,006$2,730$1,814$1,181$757$86
35 years$3,849$2,589$1,696$1,087$686$72
36 years$3,701$2,457$1,587$1,002$621$60
37 years$3,561$2,334$1,485$923$563$50
38 years$3,429$2,218$1,391$851$510$42
39 years$3,304$2,109$1,303$784$463$35
40 years$3,185$2,007$1,221$723$420$30
41 years$3,073$1,910$1,145$667$381$25
42 years$2,966$1,819$1,074$616$346$21
43 years$2,865$1,733$1,008$569$314$17
44 years$2,768$1,652$946$525$285$15
45 years$2,676$1,576$889$485$258$12
46 years$2,589$1,503$835$448$235$10
47 years$2,505$1,434$784$414$213$9
48 years$2,425$1,369$737$382$194$7
49 years$2,348$1,308$692$353$176$6
50 years$2,275$1,249$651$327$160$5

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 $4,304 every year, while hoping to spend $44,891 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: 39/40/21 Blend
53$2,330,000$2,330,000$2,330,000$2,330,000
54$2,572,100$2,448,610$2,412,495$2,656,174
55$2,786,690$2,520,828$2,445,549$2,789,345
56$3,021,664$2,595,080$2,478,207$2,928,676
57$3,279,054$2,671,419$2,510,407$3,078,420
58$3,561,096$2,749,897$2,542,085$3,239,548
59$3,870,256$2,830,570$2,573,172$3,413,125
60$4,209,246$2,913,492$2,603,598$3,600,327
61$4,581,057$2,998,721$2,633,286$3,802,446
62$4,988,980$3,086,314$2,662,156$4,020,903
63$5,436,642$3,176,329$2,690,124$4,257,264
64$5,928,037$3,268,827$2,717,101$4,513,251
65$6,467,565$3,363,868$2,742,993$4,790,760
66$7,060,074$3,461,514$2,767,700$5,091,880
67$7,710,902$3,561,829$2,791,119$5,418,908
68$8,425,932$3,664,877$2,813,139$5,774,377
69$9,211,643$3,770,722$2,833,645$6,161,072
70$10,075,175$3,879,431$2,852,516$6,582,065
71$11,024,390$3,991,071$2,869,623$7,040,735
72$12,067,954$4,105,710$2,884,832$7,540,805
73$13,215,413$4,223,417$2,898,001$8,086,377
74$14,477,283$4,344,262$2,908,982$8,681,969
75$15,865,152$4,468,317$2,917,619$9,332,555
76$17,391,786$4,595,652$2,923,747$10,043,617
77$19,071,250$4,726,342$2,927,195$10,821,195
78$20,919,044$4,860,458$2,927,782$11,671,940
79$22,952,241$4,998,076$2,925,318$12,603,181
80$25,189,658$5,139,270$2,919,604$13,622,993
81$27,652,024$5,284,115$2,910,432$14,740,272
82$30,362,182$5,432,688$2,897,583$15,964,820
83$33,345,300$5,585,065$2,880,827$17,307,436
84$36,629,110$5,741,323$2,859,925$18,780,020
85$40,244,171$5,901,540$2,834,624$20,395,682
86$44,224,153$6,065,792$2,804,660$22,168,869
87$48,606,158$6,234,157$2,769,758$24,115,499
88$53,431,069$6,406,713$2,729,627$26,253,114
89$58,743,933$6,583,538$2,683,965$28,601,040
90$64,594,391$6,764,708$2,632,454$31,180,576
91$71,037,141$6,950,300$2,574,764$34,015,191
92$78,132,456$7,140,392$2,510,545$37,130,745
93$85,946,754$7,335,058$2,439,435$40,555,737
94$94,553,220$7,534,373$2,361,054$44,321,570
95$104,032,503$7,738,412$2,275,003$48,462,850
96$114,473,471$7,947,246$2,180,868$53,017,711
97$125,974,051$8,160,948$2,078,214$58,028,176
98$138,642,156$8,379,585$1,966,585$63,540,555
99$152,596,698$8,603,227$1,845,508$69,605,879
100$167,968,714$8,831,938$1,714,485$76,280,386