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%18%
1 years$192,409$190,695$189,023$187,391$185,797$179,778
2 years$95,252$93,478$91,759$90,092$88,475$82,467
3 years$62,871$61,089$59,374$57,723$56,132$50,324
4 years$46,683$44,907$43,209$41,586$40,034$34,470
5 years$36,973$35,208$33,532$31,942$30,433$25,129
6 years$30,502$28,750$27,099$25,544$24,081$19,040
7 years$25,881$24,144$22,519$21,001$19,584$14,807
8 years$22,418$20,696$19,098$17,618$16,247$11,730
9 years$19,725$18,019$16,449$15,006$13,682$9,419
10 years$17,572$15,883$14,341$12,936$11,658$7,643
11 years$15,812$14,140$12,625$11,258$10,026$6,252
12 years$14,346$12,691$11,205$9,875$8,689$5,147
13 years$13,107$11,469$10,011$8,718$7,577$4,258
14 years$12,045$10,425$8,995$7,739$6,642$3,538
15 years$11,126$9,524$8,121$6,902$5,848$2,949
16 years$10,323$8,738$7,363$6,180$5,168$2,465
17 years$9,615$8,047$6,700$5,552$4,583$2,065
18 years$8,986$7,436$6,116$5,004$4,075$1,733
19 years$8,424$6,891$5,599$4,521$3,632$1,457
20 years$7,919$6,404$5,139$4,095$3,244$1,226
21 years$7,463$5,965$4,726$3,716$2,903$1,033
22 years$7,048$5,568$4,356$3,379$2,602$871
23 years$6,670$5,208$4,022$3,077$2,336$735
24 years$6,325$4,879$3,720$2,807$2,099$621
25 years$6,007$4,579$3,445$2,563$1,889$525
26 years$5,714$4,303$3,195$2,344$1,702$444
27 years$5,444$4,050$2,967$2,145$1,534$375
28 years$5,193$3,816$2,758$1,966$1,384$317
29 years$4,960$3,600$2,567$1,802$1,250$269
30 years$4,743$3,400$2,391$1,654$1,130$227
31 years$4,540$3,214$2,229$1,519$1,021$192
32 years$4,350$3,041$2,080$1,396$924$163
33 years$4,173$2,880$1,942$1,284$836$138
34 years$4,006$2,730$1,814$1,181$757$117
35 years$3,849$2,589$1,696$1,087$686$99
36 years$3,701$2,457$1,587$1,002$621$84
37 years$3,561$2,334$1,485$923$563$71
38 years$3,429$2,218$1,391$851$510$60
39 years$3,304$2,109$1,303$784$463$51
40 years$3,185$2,007$1,221$723$420$43
41 years$3,073$1,910$1,145$667$381$37
42 years$2,966$1,819$1,074$616$346$31
43 years$2,865$1,733$1,008$569$314$26
44 years$2,768$1,652$946$525$285$22
45 years$2,676$1,576$889$485$258$19
46 years$2,589$1,503$835$448$235$16
47 years$2,505$1,434$784$414$213$14
48 years$2,425$1,369$737$382$194$11
49 years$2,348$1,308$692$353$176$10
50 years$2,275$1,249$651$327$160$8

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 $6,354 every year, while hoping to spend $59,534 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: 62/33/5 Blend
53$2,330,000$2,330,000$2,330,000$2,330,000
54$2,574,214$2,450,724$2,414,609$2,731,417
55$2,773,440$2,507,466$2,432,155$2,893,753
56$2,990,992$2,564,993$2,448,293$3,063,303
57$3,228,676$2,623,280$2,462,914$3,246,798
58$3,488,481$2,682,301$2,475,901$3,445,581
59$3,772,596$2,742,023$2,487,134$3,661,132
60$4,083,432$2,802,413$2,496,483$3,895,079
61$4,423,643$2,863,433$2,503,817$4,149,215
62$4,796,152$2,925,038$2,508,992$4,425,517
63$5,204,178$2,987,184$2,511,862$4,726,159
64$5,651,265$3,049,817$2,512,270$5,053,537
65$6,141,317$3,112,881$2,510,055$5,410,291
66$6,678,634$3,176,315$2,505,044$5,799,328
67$7,267,951$3,240,051$2,497,059$6,223,851
68$7,914,483$3,304,014$2,485,912$6,687,388
69$8,623,975$3,368,126$2,471,405$7,193,828
70$9,402,755$3,432,299$2,453,331$7,747,452
71$10,257,794$3,496,439$2,431,475$8,352,980
72$11,196,769$3,560,444$2,405,610$9,015,611
73$12,228,139$3,624,205$2,375,497$9,741,075
74$13,361,221$3,687,604$2,340,889$10,535,683
75$14,606,281$3,750,512$2,301,524$11,406,392
76$15,974,627$3,812,792$2,257,131$12,360,867
77$17,478,718$3,874,297$2,207,423$13,407,555
78$19,132,277$3,934,868$2,152,102$14,555,762
79$20,950,428$3,994,336$2,090,856$15,815,747
80$22,949,830$4,052,516$2,023,358$17,198,811
81$25,148,839$4,109,215$1,949,266$18,717,412
82$27,567,677$4,164,224$1,868,223$20,385,276
83$30,228,627$4,217,317$1,779,856$22,217,530
84$33,156,239$4,268,258$1,683,773$24,230,846
85$36,377,562$4,316,790$1,579,566$26,443,596
86$39,922,401$4,362,640$1,466,809$28,876,027
87$43,823,595$4,405,519$1,345,056$31,550,454
88$48,117,328$4,445,115$1,213,842$34,491,467
89$52,843,469$4,481,099$1,072,679$37,726,168
90$58,045,948$4,513,119$921,060$41,284,424
91$63,773,173$4,540,799$758,453$45,199,151
92$70,078,481$4,563,742$584,305$49,506,627
93$77,020,643$4,581,524$398,037$54,246,830
94$84,664,423$4,593,692$199,045$59,463,821
95$93,081,179$4,599,769$0$65,206,158
96$102,349,546$4,599,244$0$71,528,068
97$112,556,170$4,591,577$0$78,499,197
98$123,796,530$4,576,194$0$86,173,951
99$136,175,834$4,552,486$0$94,624,003
100$149,810,017$4,519,806$0$103,928,339