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%18.8%
1 years$194,887$193,151$191,457$189,804$188,190$181,513
2 years$96,479$94,682$92,940$91,252$89,614$82,958
3 years$63,680$61,876$60,139$58,466$56,855$50,429
4 years$47,284$45,485$43,765$42,121$40,549$34,403
5 years$37,449$35,661$33,964$32,353$30,825$24,975
6 years$30,895$29,120$27,448$25,873$24,391$18,840
7 years$26,215$24,455$22,809$21,272$19,836$14,585
8 years$22,706$20,962$19,344$17,844$16,456$11,499
9 years$19,979$18,251$16,661$15,199$13,858$9,189
10 years$17,798$16,088$14,525$13,102$11,808$7,419
11 years$16,015$14,322$12,788$11,403$10,155$6,037
12 years$14,531$12,855$11,349$10,002$8,800$4,943
13 years$13,275$11,617$10,140$8,830$7,674$4,068
14 years$12,200$10,559$9,110$7,838$6,727$3,361
15 years$11,269$9,646$8,226$6,990$5,923$2,785
16 years$10,456$8,850$7,458$6,259$5,235$2,315
17 years$9,738$8,151$6,786$5,624$4,642$1,928
18 years$9,102$7,532$6,195$5,068$4,127$1,608
19 years$8,532$6,980$5,671$4,580$3,679$1,344
20 years$8,021$6,486$5,205$4,148$3,286$1,124
21 years$7,559$6,042$4,787$3,764$2,940$941
22 years$7,139$5,640$4,412$3,423$2,636$789
23 years$6,756$5,275$4,074$3,117$2,366$662
24 years$6,406$4,942$3,768$2,843$2,127$555
25 years$6,084$4,638$3,490$2,596$1,914$466
26 years$5,788$4,359$3,236$2,374$1,724$392
27 years$5,514$4,102$3,005$2,173$1,554$329
28 years$5,260$3,866$2,794$1,991$1,402$277
29 years$5,024$3,647$2,600$1,826$1,266$232
30 years$4,804$3,444$2,422$1,675$1,144$195
31 years$4,599$3,256$2,258$1,539$1,034$164
32 years$4,407$3,080$2,106$1,414$936$138
33 years$4,226$2,917$1,967$1,300$847$116
34 years$4,057$2,765$1,838$1,197$767$98
35 years$3,898$2,622$1,718$1,101$694$82
36 years$3,748$2,489$1,607$1,014$629$69
37 years$3,607$2,364$1,504$935$570$58
38 years$3,473$2,247$1,409$862$517$49
39 years$3,346$2,136$1,320$794$469$41
40 years$3,226$2,033$1,237$733$425$35
41 years$3,113$1,935$1,160$676$386$29
42 years$3,005$1,843$1,088$624$350$25
43 years$2,902$1,756$1,021$576$318$21
44 years$2,804$1,674$958$532$288$17
45 years$2,711$1,596$900$491$262$15
46 years$2,622$1,522$845$454$238$12
47 years$2,537$1,453$794$419$216$10
48 years$2,456$1,387$746$387$196$9
49 years$2,378$1,324$701$358$178$7
50 years$2,304$1,265$659$331$162$6

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 $6,281 every year, while hoping to spend $40,042 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: 24/49/27 Blend
53$2,360,000$2,360,000$2,360,000$2,360,000
54$2,607,199$2,482,119$2,445,539$2,647,428
55$2,830,529$2,561,138$2,484,860$2,760,908
56$3,075,296$2,642,688$2,524,156$2,878,604
57$3,343,646$2,726,849$2,563,385$3,003,863
58$3,637,939$2,813,706$2,602,500$3,137,340
59$3,960,777$2,903,346$2,641,452$3,279,754
60$4,315,026$2,995,859$2,680,190$3,431,895
61$4,703,840$3,091,338$2,718,658$3,594,631
62$5,130,697$3,189,879$2,756,799$3,768,913
63$5,599,427$3,291,581$2,794,549$3,955,788
64$6,114,246$3,396,547$2,831,845$4,156,407
65$6,679,803$3,504,881$2,868,616$4,372,034
66$7,301,217$3,616,694$2,904,788$4,604,057
67$7,984,128$3,732,099$2,940,285$4,854,006
68$8,734,748$3,851,211$2,975,024$5,123,561
69$9,559,923$3,974,151$3,008,918$5,414,569
70$10,467,194$4,101,043$3,041,875$5,729,064
71$11,464,870$4,232,016$3,073,800$6,069,282
72$12,562,104$4,367,202$3,104,590$6,437,684
73$13,768,982$4,506,739$3,134,137$6,836,979
74$15,096,617$4,650,768$3,162,330$7,270,146
75$16,557,251$4,799,435$3,189,047$7,740,465
76$18,164,375$4,952,891$3,214,164$8,251,547
77$19,932,851$5,111,292$3,237,548$8,807,367
78$21,879,056$5,274,800$3,259,060$9,412,300
79$24,021,036$5,443,581$3,278,555$10,071,163
80$26,378,672$5,617,807$3,295,877$10,789,261
81$28,973,873$5,797,657$3,310,866$11,572,434
82$31,830,779$5,983,313$3,323,351$12,427,115
83$34,975,989$6,174,966$3,333,153$13,360,385
84$38,438,812$6,372,811$3,340,086$14,380,046
85$42,251,544$6,577,052$3,343,952$15,494,688
86$46,449,772$6,787,898$3,344,545$16,713,773
87$51,072,710$7,005,566$3,341,648$18,047,724
88$56,163,566$7,230,278$3,335,033$19,508,021
89$61,769,955$7,462,267$3,324,462$21,107,308
90$67,944,343$7,701,771$3,309,684$22,859,516
91$74,744,545$7,949,037$3,290,438$24,779,988
92$82,234,269$8,204,320$3,266,448$26,885,630
93$90,483,717$8,467,884$3,237,426$29,195,064
94$99,570,248$8,740,002$3,203,072$31,728,805
95$109,579,106$9,020,955$3,163,067$34,509,456
96$120,604,227$9,311,035$3,117,083$37,561,920
97$132,749,125$9,610,542$3,064,772$40,913,630
98$146,127,865$9,919,788$3,005,771$44,594,815
99$160,866,144$10,239,094$2,939,701$48,638,778
100$177,102,474$10,568,793$2,866,164$53,082,214