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%14.3%
1 years$194,887$193,151$191,457$189,804$188,190$184,844
2 years$96,479$94,682$92,940$91,252$89,614$86,255
3 years$63,680$61,876$60,139$58,466$56,855$53,587
4 years$47,284$45,485$43,765$42,121$40,549$37,397
5 years$37,449$35,661$33,964$32,353$30,825$27,798
6 years$30,895$29,120$27,448$25,873$24,391$21,492
7 years$26,215$24,455$22,809$21,272$19,836$17,067
8 years$22,706$20,962$19,344$17,844$16,456$13,816
9 years$19,979$18,251$16,661$15,199$13,858$11,346
10 years$17,798$16,088$14,525$13,102$11,808$9,420
11 years$16,015$14,322$12,788$11,403$10,155$7,890
12 years$14,531$12,855$11,349$10,002$8,800$6,654
13 years$13,275$11,617$10,140$8,830$7,674$5,644
14 years$12,200$10,559$9,110$7,838$6,727$4,809
15 years$11,269$9,646$8,226$6,990$5,923$4,114
16 years$10,456$8,850$7,458$6,259$5,235$3,531
17 years$9,738$8,151$6,786$5,624$4,642$3,038
18 years$9,102$7,532$6,195$5,068$4,127$2,620
19 years$8,532$6,980$5,671$4,580$3,679$2,264
20 years$8,021$6,486$5,205$4,148$3,286$1,960
21 years$7,559$6,042$4,787$3,764$2,940$1,699
22 years$7,139$5,640$4,412$3,423$2,636$1,475
23 years$6,756$5,275$4,074$3,117$2,366$1,281
24 years$6,406$4,942$3,768$2,843$2,127$1,114
25 years$6,084$4,638$3,490$2,596$1,914$970
26 years$5,788$4,359$3,236$2,374$1,724$844
27 years$5,514$4,102$3,005$2,173$1,554$736
28 years$5,260$3,866$2,794$1,991$1,402$642
29 years$5,024$3,647$2,600$1,826$1,266$560
30 years$4,804$3,444$2,422$1,675$1,144$488
31 years$4,599$3,256$2,258$1,539$1,034$426
32 years$4,407$3,080$2,106$1,414$936$372
33 years$4,226$2,917$1,967$1,300$847$325
34 years$4,057$2,765$1,838$1,197$767$284
35 years$3,898$2,622$1,718$1,101$694$248
36 years$3,748$2,489$1,607$1,014$629$217
37 years$3,607$2,364$1,504$935$570$189
38 years$3,473$2,247$1,409$862$517$166
39 years$3,346$2,136$1,320$794$469$145
40 years$3,226$2,033$1,237$733$425$127
41 years$3,113$1,935$1,160$676$386$111
42 years$3,005$1,843$1,088$624$350$97
43 years$2,902$1,756$1,021$576$318$85
44 years$2,804$1,674$958$532$288$74
45 years$2,711$1,596$900$491$262$65
46 years$2,622$1,522$845$454$238$57
47 years$2,537$1,453$794$419$216$50
48 years$2,456$1,387$746$387$196$43
49 years$2,378$1,324$701$358$178$38
50 years$2,304$1,265$659$331$162$33

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 $2,275 every year, while hoping to spend $48,195 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: 59/15/26 Blend
53$2,360,000$2,360,000$2,360,000$2,360,000
54$2,603,067$2,477,987$2,441,407$2,738,225
55$2,817,300$2,548,129$2,471,915$2,900,838
56$3,051,771$2,620,093$2,501,829$3,072,771
57$3,308,491$2,693,917$2,531,080$3,259,288
58$3,589,677$2,769,639$2,559,592$3,461,818
59$3,897,773$2,847,300$2,587,286$3,681,932
60$4,235,465$2,926,937$2,614,080$3,921,363
61$4,605,715$3,008,590$2,639,885$4,182,018
62$5,011,786$3,092,298$2,664,608$4,466,000
63$5,457,268$3,178,101$2,688,153$4,775,625
64$5,946,120$3,266,039$2,710,416$5,113,444
65$6,482,699$3,356,149$2,731,290$5,482,267
66$7,071,807$3,448,473$2,750,661$5,885,194
67$7,718,731$3,543,048$2,768,408$6,325,635
68$8,429,298$3,639,915$2,784,407$6,807,351
69$9,209,926$3,739,110$2,798,524$7,334,485
70$10,067,684$3,840,672$2,810,620$7,911,604
71$11,010,362$3,944,638$2,820,549$8,543,737
72$12,046,539$4,051,046$2,828,158$9,236,429
73$13,185,670$4,159,931$2,833,285$9,995,788
74$14,438,169$4,271,329$2,835,761$10,828,547
75$15,815,511$4,385,273$2,835,408$11,742,124
76$17,330,339$4,501,797$2,832,040$12,744,693
77$18,996,581$4,620,932$2,825,461$13,845,265
78$20,829,584$4,742,709$2,815,465$15,053,766
79$22,846,256$4,867,157$2,801,838$16,381,138
80$25,065,229$4,994,303$2,784,355$17,839,437
81$27,507,030$5,124,171$2,762,778$19,441,952
82$30,194,277$5,256,785$2,736,861$21,203,324
83$33,151,891$5,392,165$2,706,343$23,139,692
84$36,407,332$5,530,330$2,670,954$25,268,839
85$39,990,858$5,671,294$2,630,409$27,610,364
86$43,935,808$5,815,069$2,584,410$30,185,867
87$48,278,918$5,961,665$2,532,645$33,019,149
88$53,060,667$6,111,086$2,474,788$36,136,444
89$58,325,659$6,263,334$2,410,498$39,566,660
90$64,123,045$6,418,405$2,339,418$43,341,658
91$70,506,980$6,576,292$2,261,174$47,496,548
92$77,537,144$6,736,982$2,175,375$52,070,026
93$85,279,296$6,900,458$2,081,613$57,104,734
94$93,805,898$7,066,694$1,979,461$62,647,669
95$103,196,799$7,235,662$1,868,472$68,750,621
96$113,539,987$7,407,324$1,748,181$75,470,668
97$124,932,420$7,581,636$1,618,099$82,870,713
98$137,480,938$7,758,548$1,477,716$91,020,076
99$151,303,276$7,937,999$1,326,502$99,995,155
100$166,529,169$8,119,920$1,163,899$109,880,140