Can I retire at age 54 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$194,887$193,151$191,457$189,804$188,190$180,794
2 years$96,479$94,682$92,940$91,252$89,614$82,254
3 years$63,680$61,876$60,139$58,466$56,855$49,762
4 years$47,284$45,485$43,765$42,121$40,549$33,777
5 years$37,449$35,661$33,964$32,353$30,825$24,391
6 years$30,895$29,120$27,448$25,873$24,391$18,299
7 years$26,215$24,455$22,809$21,272$19,836$14,085
8 years$22,706$20,962$19,344$17,844$16,456$11,039
9 years$19,979$18,251$16,661$15,199$13,858$8,768
10 years$17,798$16,088$14,525$13,102$11,808$7,034
11 years$16,015$14,322$12,788$11,403$10,155$5,687
12 years$14,531$12,855$11,349$10,002$8,800$4,625
13 years$13,275$11,617$10,140$8,830$7,674$3,780
14 years$12,200$10,559$9,110$7,838$6,727$3,101
15 years$11,269$9,646$8,226$6,990$5,923$2,552
16 years$10,456$8,850$7,458$6,259$5,235$2,106
17 years$9,738$8,151$6,786$5,624$4,642$1,741
18 years$9,102$7,532$6,195$5,068$4,127$1,441
19 years$8,532$6,980$5,671$4,580$3,679$1,195
20 years$8,021$6,486$5,205$4,148$3,286$992
21 years$7,559$6,042$4,787$3,764$2,940$824
22 years$7,139$5,640$4,412$3,423$2,636$686
23 years$6,756$5,275$4,074$3,117$2,366$570
24 years$6,406$4,942$3,768$2,843$2,127$475
25 years$6,084$4,638$3,490$2,596$1,914$396
26 years$5,788$4,359$3,236$2,374$1,724$330
27 years$5,514$4,102$3,005$2,173$1,554$275
28 years$5,260$3,866$2,794$1,991$1,402$229
29 years$5,024$3,647$2,600$1,826$1,266$191
30 years$4,804$3,444$2,422$1,675$1,144$159
31 years$4,599$3,256$2,258$1,539$1,034$133
32 years$4,407$3,080$2,106$1,414$936$111
33 years$4,226$2,917$1,967$1,300$847$92
34 years$4,057$2,765$1,838$1,197$767$77
35 years$3,898$2,622$1,718$1,101$694$64
36 years$3,748$2,489$1,607$1,014$629$54
37 years$3,607$2,364$1,504$935$570$45
38 years$3,473$2,247$1,409$862$517$37
39 years$3,346$2,136$1,320$794$469$31
40 years$3,226$2,033$1,237$733$425$26
41 years$3,113$1,935$1,160$676$386$22
42 years$3,005$1,843$1,088$624$350$18
43 years$2,902$1,756$1,021$576$318$15
44 years$2,804$1,674$958$532$288$13
45 years$2,711$1,596$900$491$262$11
46 years$2,622$1,522$845$454$238$9
47 years$2,537$1,453$794$419$216$7
48 years$2,456$1,387$746$387$196$6
49 years$2,378$1,324$701$358$178$5
50 years$2,304$1,265$659$331$162$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,360,000, adding $5,746 every year, while hoping to spend $48,090 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: 60/25/15 Blend
53$2,360,000$2,360,000$2,360,000$2,360,000
54$2,606,647$2,481,567$2,444,987$2,752,875
55$2,821,358$2,551,996$2,475,727$2,922,558
56$3,056,357$2,624,265$2,505,884$3,101,693
57$3,313,664$2,698,412$2,535,390$3,295,974
58$3,595,501$2,774,478$2,564,169$3,506,869
59$3,904,316$2,852,502$2,592,143$3,735,995
60$4,242,806$2,932,524$2,619,229$3,985,133
61$4,613,940$3,014,586$2,645,341$4,256,243
62$5,020,988$3,098,726$2,670,386$4,551,484
63$5,467,553$3,184,988$2,694,268$4,873,234
64$5,957,601$3,273,410$2,716,884$5,224,111
65$6,495,504$3,364,035$2,738,127$5,606,999
66$7,086,075$3,456,902$2,757,884$6,025,074
67$7,734,617$3,552,052$2,776,035$6,481,835
68$8,446,971$3,649,527$2,792,456$6,981,136
69$9,229,574$3,749,365$2,807,015$7,527,222
70$10,089,514$3,851,608$2,819,574$8,124,769
71$11,034,602$3,956,294$2,829,987$8,778,931
72$12,073,441$4,063,462$2,838,101$9,495,382
73$13,215,511$4,173,150$2,843,756$10,280,375
74$14,471,256$4,285,397$2,846,785$11,140,801
75$15,852,181$4,400,238$2,847,009$12,084,248
76$17,370,963$4,517,710$2,844,243$13,119,080
77$19,041,569$4,637,846$2,838,294$14,254,511
78$20,879,389$4,760,680$2,828,956$15,500,693
79$22,901,377$4,886,244$2,816,016$16,868,813
80$25,126,215$5,014,567$2,799,250$18,371,196
81$27,574,486$5,145,678$2,778,423$20,021,423
82$30,268,872$5,279,604$2,753,288$21,834,459
83$33,234,361$5,416,369$2,723,587$23,826,795
84$36,498,488$5,555,994$2,689,050$26,016,600
85$40,091,595$5,698,499$2,649,395$28,423,898
86$44,047,112$5,843,900$2,604,324$31,070,751
87$48,401,877$5,992,210$2,553,527$33,981,471
88$53,196,479$6,143,438$2,496,681$37,182,850
89$58,475,645$6,297,592$2,433,445$40,704,411
90$64,288,659$6,454,673$2,363,464$44,578,684
91$70,689,829$6,614,678$2,286,367$48,841,522
92$77,738,995$6,777,601$2,201,764$53,532,428
93$85,502,099$6,943,430$2,109,249$58,694,937
94$94,051,801$7,112,146$2,008,397$64,377,023
95$103,468,171$7,283,727$1,898,764$70,631,551
96$113,839,437$7,458,143$1,779,886$77,516,781
97$125,262,825$7,635,357$1,651,277$85,096,913
98$137,845,468$7,815,325$1,512,430$93,442,694
99$151,705,425$7,997,995$1,362,816$102,632,089
100$166,972,789$8,183,307$1,201,880$112,751,014