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%14.2%
1 years$194,061$192,332$190,646$189,000$187,392$184,136
2 years$96,070$94,280$92,546$90,865$89,234$85,965
3 years$63,410$61,613$59,884$58,218$56,614$53,432
4 years$47,084$45,292$43,580$41,943$40,378$37,308
5 years$37,290$35,510$33,820$32,216$30,694$27,747
6 years$30,764$28,996$27,331$25,764$24,287$21,464
7 years$26,103$24,351$22,713$21,182$19,752$17,055
8 years$22,610$20,873$19,262$17,769$16,386$13,814
9 years$19,894$18,174$16,590$15,135$13,800$11,350
10 years$17,723$16,020$14,464$13,047$11,758$9,430
11 years$15,948$14,261$12,734$11,354$10,112$7,903
12 years$14,469$12,800$11,301$9,959$8,763$6,670
13 years$13,219$11,568$10,097$8,793$7,642$5,661
14 years$12,149$10,515$9,072$7,805$6,699$4,827
15 years$11,222$9,605$8,191$6,961$5,898$4,132
16 years$10,411$8,813$7,426$6,233$5,213$3,548
17 years$9,697$8,116$6,757$5,600$4,622$3,056
18 years$9,063$7,500$6,169$5,047$4,110$2,637
19 years$8,496$6,951$5,647$4,560$3,663$2,281
20 years$7,987$6,459$5,183$4,130$3,272$1,976
21 years$7,527$6,016$4,767$3,748$2,928$1,714
22 years$7,109$5,616$4,394$3,408$2,624$1,489
23 years$6,728$5,252$4,057$3,104$2,356$1,294
24 years$6,379$4,921$3,752$2,831$2,117$1,127
25 years$6,059$4,618$3,475$2,585$1,905$981
26 years$5,763$4,340$3,223$2,364$1,716$855
27 years$5,491$4,085$2,993$2,164$1,547$746
28 years$5,238$3,849$2,782$1,982$1,396$651
29 years$5,003$3,631$2,589$1,818$1,261$568
30 years$4,784$3,429$2,411$1,668$1,139$496
31 years$4,579$3,242$2,248$1,532$1,030$433
32 years$4,388$3,067$2,098$1,408$932$379
33 years$4,209$2,905$1,958$1,295$843$331
34 years$4,040$2,753$1,830$1,191$763$289
35 years$3,882$2,611$1,711$1,097$691$253
36 years$3,732$2,479$1,600$1,010$626$221
37 years$3,591$2,354$1,498$931$568$194
38 years$3,458$2,237$1,403$858$515$169
39 years$3,332$2,127$1,314$791$467$148
40 years$3,213$2,024$1,232$730$423$130
41 years$3,100$1,927$1,155$673$384$114
42 years$2,992$1,835$1,084$621$349$99
43 years$2,890$1,748$1,017$573$316$87
44 years$2,792$1,666$954$529$287$76
45 years$2,699$1,589$896$489$261$67
46 years$2,611$1,516$842$452$237$58
47 years$2,526$1,447$791$417$215$51
48 years$2,446$1,381$743$386$195$45
49 years$2,368$1,319$698$356$177$39
50 years$2,294$1,260$657$329$161$34

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 $7,000 every year, while hoping to spend $54,750 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: 46/43/11 Blend
53$2,350,000$2,350,000$2,350,000$2,350,000
54$2,596,921$2,472,371$2,435,946$2,708,056
55$2,803,553$2,535,263$2,459,296$2,848,519
56$3,029,427$2,599,402$2,481,594$2,994,616
57$3,276,447$2,664,792$2,502,746$3,151,871
58$3,546,711$2,731,433$2,522,654$3,321,336
59$3,842,527$2,799,325$2,541,215$3,504,171
60$4,166,440$2,868,467$2,558,321$3,701,650
61$4,521,249$2,938,854$2,573,857$3,915,179
62$4,910,039$3,010,480$2,587,703$4,146,305
63$5,336,204$3,083,336$2,599,733$4,396,731
64$5,803,488$3,157,409$2,609,815$4,668,333
65$6,316,008$3,232,687$2,617,808$4,963,178
66$6,878,303$3,309,151$2,623,567$5,283,541
67$7,495,371$3,386,780$2,626,937$5,631,930
68$8,172,718$3,465,551$2,627,758$6,011,106
69$8,916,407$3,545,436$2,625,861$6,424,112
70$9,733,121$3,626,402$2,621,067$6,874,300
71$10,630,217$3,708,414$2,613,191$7,365,363
72$11,615,803$3,791,430$2,602,037$7,901,370
73$12,698,810$3,875,405$2,587,400$8,486,806
74$13,889,077$3,960,288$2,569,066$9,126,609
75$15,197,444$4,046,023$2,546,810$9,826,226
76$16,635,851$4,132,546$2,520,397$10,591,653
77$18,217,457$4,219,790$2,489,579$11,429,502
78$19,956,755$4,307,678$2,454,098$12,347,058
79$21,869,718$4,396,128$2,413,684$13,352,348
80$23,973,940$4,485,049$2,368,053$14,454,219
81$26,288,808$4,574,343$2,316,909$15,662,421
82$28,835,683$4,663,902$2,259,942$16,987,699
83$31,638,100$4,753,610$2,196,828$18,441,893
84$34,721,991$4,843,341$2,127,225$20,038,055
85$38,115,927$4,932,958$2,050,781$21,790,565
86$41,851,392$5,022,314$1,967,123$23,715,276
87$45,963,076$5,111,249$1,875,863$25,829,655
88$50,489,201$5,199,591$1,776,595$28,152,957
89$55,471,884$5,287,156$1,668,896$30,706,398
90$60,957,533$5,373,744$1,552,321$33,513,365
91$66,997,285$5,459,141$1,426,408$36,599,632
92$73,647,488$5,543,119$1,290,672$39,993,603
93$80,970,231$5,625,430$1,144,609$43,726,585
94$89,033,930$5,705,812$987,689$47,833,081
95$97,913,976$5,783,982$819,361$52,351,119
96$107,693,442$5,859,637$639,050$57,322,608
97$118,463,869$5,932,455$446,154$62,793,738
98$130,326,129$6,002,091$240,046$68,815,418
99$143,391,376$6,068,176$20,070$75,443,753
100$157,782,096$6,130,316$0$82,740,579