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%14%
1 years$194,887$193,151$191,457$189,804$188,190$185,072
2 years$96,479$94,682$92,940$91,252$89,614$86,482
3 years$63,680$61,876$60,139$58,466$56,855$53,806
4 years$47,284$45,485$43,765$42,121$40,549$37,608
5 years$37,449$35,661$33,964$32,353$30,825$27,998
6 years$30,895$29,120$27,448$25,873$24,391$21,683
7 years$26,215$24,455$22,809$21,272$19,836$17,247
8 years$22,706$20,962$19,344$17,844$16,456$13,986
9 years$19,979$18,251$16,661$15,199$13,858$11,506
10 years$17,798$16,088$14,525$13,102$11,808$9,571
11 years$16,015$14,322$12,788$11,403$10,155$8,031
12 years$14,531$12,855$11,349$10,002$8,800$6,786
13 years$13,275$11,617$10,140$8,830$7,674$5,768
14 years$12,200$10,559$9,110$7,838$6,727$4,925
15 years$11,269$9,646$8,226$6,990$5,923$4,221
16 years$10,456$8,850$7,458$6,259$5,235$3,630
17 years$9,738$8,151$6,786$5,624$4,642$3,131
18 years$9,102$7,532$6,195$5,068$4,127$2,706
19 years$8,532$6,980$5,671$4,580$3,679$2,344
20 years$8,021$6,486$5,205$4,148$3,286$2,033
21 years$7,559$6,042$4,787$3,764$2,940$1,766
22 years$7,139$5,640$4,412$3,423$2,636$1,537
23 years$6,756$5,275$4,074$3,117$2,366$1,338
24 years$6,406$4,942$3,768$2,843$2,127$1,166
25 years$6,084$4,638$3,490$2,596$1,914$1,018
26 years$5,788$4,359$3,236$2,374$1,724$888
27 years$5,514$4,102$3,005$2,173$1,554$776
28 years$5,260$3,866$2,794$1,991$1,402$678
29 years$5,024$3,647$2,600$1,826$1,266$593
30 years$4,804$3,444$2,422$1,675$1,144$519
31 years$4,599$3,256$2,258$1,539$1,034$454
32 years$4,407$3,080$2,106$1,414$936$397
33 years$4,226$2,917$1,967$1,300$847$348
34 years$4,057$2,765$1,838$1,197$767$305
35 years$3,898$2,622$1,718$1,101$694$267
36 years$3,748$2,489$1,607$1,014$629$234
37 years$3,607$2,364$1,504$935$570$205
38 years$3,473$2,247$1,409$862$517$180
39 years$3,346$2,136$1,320$794$469$157
40 years$3,226$2,033$1,237$733$425$138
41 years$3,113$1,935$1,160$676$386$121
42 years$3,005$1,843$1,088$624$350$106
43 years$2,902$1,756$1,021$576$318$93
44 years$2,804$1,674$958$532$288$81
45 years$2,711$1,596$900$491$262$71
46 years$2,622$1,522$845$454$238$63
47 years$2,537$1,453$794$419$216$55
48 years$2,456$1,387$746$387$196$48
49 years$2,378$1,324$701$358$178$42
50 years$2,304$1,265$659$331$162$37

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 $4,675 every year, while hoping to spend $52,777 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: 36/45/19 Blend
53$2,360,000$2,360,000$2,360,000$2,360,000
54$2,605,542$2,480,462$2,443,882$2,684,152
55$2,815,153$2,545,851$2,469,598$2,807,197
56$3,044,376$2,612,674$2,494,406$2,934,664
57$3,295,154$2,680,947$2,518,221$3,071,177
58$3,569,630$2,750,684$2,540,952$3,217,572
59$3,870,161$2,821,896$2,562,503$3,374,773
60$4,199,344$2,894,596$2,582,773$3,543,795
61$4,560,038$2,968,792$2,601,656$3,725,756
62$4,955,392$3,044,493$2,619,042$3,921,888
63$5,388,874$3,121,705$2,634,812$4,133,548
64$5,864,305$3,200,434$2,648,844$4,362,227
65$6,385,891$3,280,682$2,661,007$4,609,573
66$6,958,267$3,362,451$2,671,166$4,877,397
67$7,586,537$3,445,738$2,679,177$5,167,695
68$8,276,325$3,530,539$2,684,890$5,482,667
69$9,033,823$3,616,849$2,688,147$5,824,736
70$9,865,856$3,704,658$2,688,783$6,196,573
71$10,779,939$3,793,952$2,686,623$6,601,119
72$11,784,353$3,884,716$2,681,486$7,041,616
73$12,888,221$3,976,931$2,673,179$7,521,636
74$14,101,592$4,070,573$2,661,503$8,045,117
75$15,435,539$4,165,615$2,646,247$8,616,397
76$16,902,258$4,262,025$2,627,191$9,240,256
77$18,515,190$4,359,766$2,604,104$9,921,965
78$20,289,142$4,458,797$2,576,744$10,667,330
79$22,240,427$4,559,071$2,544,858$11,482,752
80$24,387,020$4,660,534$2,508,179$12,375,284
81$26,748,724$4,763,128$2,466,431$13,352,702
82$29,347,361$4,866,788$2,419,323$14,423,573
83$32,206,971$4,971,441$2,366,550$15,597,342
84$35,354,047$5,077,006$2,307,794$16,884,419
85$38,817,776$5,183,395$2,242,722$18,296,276
86$42,630,320$5,290,513$2,170,984$19,845,559
87$46,827,118$5,398,253$2,092,217$21,546,205
88$51,447,217$5,506,500$2,006,039$23,413,577
89$56,533,643$5,615,129$1,912,052$25,464,608
90$62,133,808$5,724,003$1,809,839$27,717,959
91$68,299,951$5,832,975$1,698,964$30,194,200
92$75,089,640$5,941,884$1,578,972$32,916,006
93$82,566,303$6,050,557$1,449,388$35,908,364
94$90,799,839$6,158,806$1,309,715$39,198,819
95$99,867,266$6,266,431$1,159,434$42,817,729
96$109,853,454$6,373,213$998,002$46,798,555
97$120,851,925$6,478,920$824,854$51,178,178
98$132,965,733$6,583,298$639,398$55,997,246
99$146,308,437$6,686,079$441,017$61,300,564
100$161,005,173$6,786,972$229,067$67,137,511