Can I retire at age 54 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$194,061$192,332$190,646$189,000$187,392$185,978
2 years$96,070$94,280$92,546$90,865$89,234$87,808
3 years$63,410$61,613$59,884$58,218$56,614$55,220
4 years$47,084$45,292$43,580$41,943$40,378$39,027
5 years$37,290$35,510$33,820$32,216$30,694$29,391
6 years$30,764$28,996$27,331$25,764$24,287$23,033
7 years$26,103$24,351$22,713$21,182$19,752$18,548
8 years$22,610$20,873$19,262$17,769$16,386$15,231
9 years$19,894$18,174$16,590$15,135$13,800$12,694
10 years$17,723$16,020$14,464$13,047$11,758$10,701
11 years$15,948$14,261$12,734$11,354$10,112$9,103
12 years$14,469$12,800$11,301$9,959$8,763$7,801
13 years$13,219$11,568$10,097$8,793$7,642$6,725
14 years$12,149$10,515$9,072$7,805$6,699$5,827
15 years$11,222$9,605$8,191$6,961$5,898$5,070
16 years$10,411$8,813$7,426$6,233$5,213$4,427
17 years$9,697$8,116$6,757$5,600$4,622$3,877
18 years$9,063$7,500$6,169$5,047$4,110$3,404
19 years$8,496$6,951$5,647$4,560$3,663$2,996
20 years$7,987$6,459$5,183$4,130$3,272$2,642
21 years$7,527$6,016$4,767$3,748$2,928$2,333
22 years$7,109$5,616$4,394$3,408$2,624$2,064
23 years$6,728$5,252$4,057$3,104$2,356$1,828
24 years$6,379$4,921$3,752$2,831$2,117$1,621
25 years$6,059$4,618$3,475$2,585$1,905$1,438
26 years$5,763$4,340$3,223$2,364$1,716$1,278
27 years$5,491$4,085$2,993$2,164$1,547$1,136
28 years$5,238$3,849$2,782$1,982$1,396$1,010
29 years$5,003$3,631$2,589$1,818$1,261$899
30 years$4,784$3,429$2,411$1,668$1,139$801
31 years$4,579$3,242$2,248$1,532$1,030$714
32 years$4,388$3,067$2,098$1,408$932$636
33 years$4,209$2,905$1,958$1,295$843$567
34 years$4,040$2,753$1,830$1,191$763$506
35 years$3,882$2,611$1,711$1,097$691$452
36 years$3,732$2,479$1,600$1,010$626$403
37 years$3,591$2,354$1,498$931$568$360
38 years$3,458$2,237$1,403$858$515$321
39 years$3,332$2,127$1,314$791$467$287
40 years$3,213$2,024$1,232$730$423$256
41 years$3,100$1,927$1,155$673$384$229
42 years$2,992$1,835$1,084$621$349$205
43 years$2,890$1,748$1,017$573$316$183
44 years$2,792$1,666$954$529$287$163
45 years$2,699$1,589$896$489$261$146
46 years$2,611$1,516$842$452$237$130
47 years$2,526$1,447$791$417$215$117
48 years$2,446$1,381$743$386$195$104
49 years$2,368$1,319$698$356$177$93
50 years$2,294$1,260$657$329$161$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,350,000, adding $4,849 every year, while hoping to spend $30,203 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: 47/23/30 Blend
53$2,350,000$2,350,000$2,350,000$2,350,000
54$2,594,702$2,470,152$2,433,727$2,694,104
55$2,827,226$2,559,053$2,483,121$2,853,873
56$3,082,455$2,651,299$2,533,157$3,023,907
57$3,362,673$2,747,020$2,583,826$3,207,920
58$3,670,396$2,846,355$2,635,115$3,407,245
59$4,008,396$2,949,446$2,687,011$3,623,349
60$4,379,726$3,056,443$2,739,500$3,857,844
61$4,787,750$3,167,500$2,792,565$4,112,506
62$5,236,173$3,282,780$2,846,188$4,389,286
63$5,729,078$3,402,451$2,900,350$4,690,334
64$6,270,961$3,526,689$2,955,029$5,018,015
65$6,866,778$3,655,676$3,010,202$5,374,932
66$7,521,988$3,789,603$3,065,842$5,763,951
67$8,242,606$3,928,668$3,121,923$6,188,226
68$9,035,258$4,073,079$3,178,413$6,651,231
69$9,907,245$4,223,051$3,235,282$7,156,789
70$10,866,613$4,378,809$3,292,492$7,709,110
71$11,922,224$4,540,588$3,350,007$8,312,830
72$13,083,845$4,708,631$3,407,787$8,973,053
73$14,362,237$4,883,193$3,465,786$9,695,401
74$15,769,255$5,064,539$3,523,960$10,486,065
75$17,317,964$5,252,946$3,582,258$11,351,862
76$19,022,759$5,448,704$3,640,627$12,300,302
77$20,899,502$5,652,111$3,699,009$13,339,654
78$22,965,669$5,863,483$3,757,344$14,479,028
79$25,240,520$6,083,147$3,815,568$15,728,458
80$27,745,275$6,311,443$3,873,611$17,098,996
81$30,503,317$6,548,728$3,931,401$18,602,816
82$33,540,412$6,795,372$3,988,860$20,253,329
83$36,884,952$7,051,763$4,045,905$22,065,308
84$40,568,223$7,318,305$4,102,448$24,055,028
85$44,624,699$7,595,419$4,158,397$26,240,418
86$49,092,369$7,883,545$4,213,654$28,641,229
87$54,013,093$8,183,142$4,268,115$31,279,222
88$59,433,001$8,494,688$4,321,668$34,178,369
89$65,402,922$8,818,683$4,374,199$37,365,083
90$71,978,870$9,155,648$4,425,585$40,868,461
91$79,222,566$9,506,127$4,475,694$44,720,566
92$87,202,029$9,870,687$4,524,390$48,956,718
93$95,992,207$10,249,922$4,571,528$53,615,838
94$105,675,694$10,644,450$4,616,957$58,740,804
95$116,343,504$11,054,917$4,660,513$64,378,862
96$128,095,930$11,481,997$4,702,029$70,582,070
97$141,043,493$11,926,393$4,741,326$77,407,784
98$155,307,984$12,388,841$4,778,215$84,919,205
99$171,023,612$12,870,108$4,812,498$93,185,968
100$188,338,271$13,370,994$4,843,968$102,284,803