Can I retire at age 54 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$196,538$194,788$193,080$191,412$189,785$187,258
2 years$97,296$95,484$93,728$92,025$90,374$87,832
3 years$64,220$62,400$60,648$58,961$57,337$54,859
4 years$47,685$45,871$44,136$42,478$40,893$38,499
5 years$37,766$35,963$34,252$32,627$31,086$28,782
6 years$31,156$29,367$27,680$26,092$24,597$22,386
7 years$26,437$24,662$23,003$21,452$20,004$17,887
8 years$22,899$21,140$19,508$17,996$16,596$14,572
9 years$20,148$18,406$16,802$15,328$13,976$12,044
10 years$17,949$16,224$14,649$13,213$11,908$10,068
11 years$16,151$14,443$12,896$11,499$10,241$8,491
12 years$14,654$12,964$11,445$10,086$8,875$7,212
13 years$13,388$11,715$10,226$8,905$7,739$6,161
14 years$12,304$10,649$9,188$7,905$6,784$5,289
15 years$11,365$9,728$8,295$7,050$5,973$4,559
16 years$10,544$8,925$7,521$6,312$5,279$3,942
17 years$9,821$8,220$6,844$5,671$4,681$3,419
18 years$9,179$7,595$6,247$5,111$4,162$2,972
19 years$8,605$7,039$5,719$4,618$3,710$2,589
20 years$8,089$6,541$5,249$4,183$3,314$2,260
21 years$7,623$6,093$4,828$3,796$2,965$1,975
22 years$7,199$5,688$4,450$3,452$2,658$1,729
23 years$6,814$5,319$4,108$3,143$2,386$1,515
24 years$6,460$4,984$3,800$2,867$2,145$1,329
25 years$6,136$4,677$3,519$2,618$1,930$1,166
26 years$5,837$4,396$3,264$2,394$1,738$1,025
27 years$5,561$4,137$3,031$2,191$1,567$901
28 years$5,305$3,898$2,818$2,008$1,414$793
29 years$5,066$3,678$2,622$1,841$1,277$698
30 years$4,845$3,473$2,442$1,690$1,154$614
31 years$4,638$3,283$2,277$1,552$1,043$541
32 years$4,444$3,107$2,124$1,426$944$477
33 years$4,262$2,942$1,983$1,311$854$420
34 years$4,092$2,788$1,853$1,207$773$370
35 years$3,931$2,645$1,733$1,111$700$327
36 years$3,780$2,510$1,621$1,023$634$288
37 years$3,637$2,384$1,517$943$575$254
38 years$3,502$2,266$1,421$869$521$224
39 years$3,375$2,155$1,331$801$473$198
40 years$3,254$2,050$1,248$739$429$175
41 years$3,139$1,951$1,170$682$389$154
42 years$3,030$1,858$1,097$629$353$136
43 years$2,926$1,771$1,030$581$320$120
44 years$2,828$1,688$967$536$291$106
45 years$2,734$1,609$908$495$264$94
46 years$2,644$1,535$852$457$240$83
47 years$2,559$1,465$801$423$218$73
48 years$2,477$1,399$753$391$198$64
49 years$2,399$1,336$707$361$180$57
50 years$2,324$1,276$665$334$163$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,380,000, adding $2,169 every year, while hoping to spend $32,913 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: 65/26/9 Blend
53$2,380,000$2,380,000$2,380,000$2,380,000
54$2,624,997$2,498,857$2,461,967$2,790,640
55$2,857,728$2,586,282$2,509,424$2,988,661
56$3,113,094$2,676,888$2,557,367$3,200,841
57$3,393,369$2,770,795$2,605,779$3,431,811
58$3,701,059$2,868,130$2,654,639$3,683,397
59$4,038,923$2,969,024$2,703,925$3,957,611
60$4,409,999$3,073,613$2,753,613$4,256,663
61$4,817,638$3,182,039$2,803,678$4,582,989
62$5,265,527$3,294,448$2,854,091$4,939,268
63$5,757,730$3,410,996$2,904,822$5,328,452
64$6,298,724$3,531,840$2,955,839$5,753,786
65$6,893,441$3,657,147$3,007,107$6,218,847
66$7,547,315$3,787,091$3,058,588$6,727,569
67$8,266,333$3,921,849$3,110,242$7,284,288
68$9,057,090$4,061,611$3,162,026$7,893,773
69$9,926,853$4,206,570$3,213,894$8,561,281
70$10,883,629$4,356,929$3,265,797$9,292,596
71$11,936,240$4,512,900$3,317,682$10,094,091
72$13,094,405$4,674,700$3,369,493$10,972,782
73$14,368,834$4,842,561$3,421,171$11,936,398
74$15,771,328$5,016,718$3,472,652$12,993,450
75$17,314,887$5,197,421$3,523,870$14,153,314
76$19,013,837$5,384,927$3,574,752$15,426,314
77$20,883,966$5,579,505$3,625,223$16,823,824
78$22,942,664$5,781,435$3,675,202$18,358,372
79$25,209,099$5,991,008$3,724,604$20,043,758
80$27,704,388$6,208,529$3,773,339$21,895,184
81$30,451,801$6,434,312$3,821,312$23,929,395
82$33,476,980$6,668,689$3,868,421$26,164,839
83$36,808,179$6,912,001$3,914,559$28,621,838
84$40,476,530$7,164,607$3,959,615$31,322,781
85$44,516,343$7,426,879$4,003,468$34,292,332
86$48,965,419$7,699,205$4,045,993$37,557,664
87$53,865,416$7,981,990$4,087,058$41,148,715
88$59,262,236$8,275,655$4,126,523$45,098,467
89$65,206,462$8,580,641$4,164,240$49,443,258
90$71,753,833$8,897,404$4,200,053$54,223,125
91$78,965,770$9,226,423$4,233,801$59,482,179
92$86,909,955$9,568,194$4,265,310$65,269,021
93$95,660,972$9,923,237$4,294,399$71,637,199
94$105,301,008$10,292,092$4,320,878$78,645,716
95$115,920,630$10,675,324$4,344,547$86,359,579
96$127,619,640$11,073,520$4,365,194$94,850,416
97$140,508,014$11,487,293$4,382,599$104,197,153
98$154,706,944$11,917,284$4,396,529$114,486,751
99$170,349,979$12,364,157$4,406,740$125,815,031
100$187,584,286$12,828,610$4,412,975$138,287,574