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%
1 years$196,538$194,788$193,080$191,412$189,785$187,413
2 years$97,296$95,484$93,728$92,025$90,374$87,987
3 years$64,220$62,400$60,648$58,961$57,337$55,010
4 years$47,685$45,871$44,136$42,478$40,893$38,643
5 years$37,766$35,963$34,252$32,627$31,086$28,921
6 years$31,156$29,367$27,680$26,092$24,597$22,518
7 years$26,437$24,662$23,003$21,452$20,004$18,012
8 years$22,899$21,140$19,508$17,996$16,596$14,691
9 years$20,148$18,406$16,802$15,328$13,976$12,157
10 years$17,949$16,224$14,649$13,213$11,908$10,175
11 years$16,151$14,443$12,896$11,499$10,241$8,591
12 years$14,654$12,964$11,445$10,086$8,875$7,306
13 years$13,388$11,715$10,226$8,905$7,739$6,250
14 years$12,304$10,649$9,188$7,905$6,784$5,373
15 years$11,365$9,728$8,295$7,050$5,973$4,637
16 years$10,544$8,925$7,521$6,312$5,279$4,016
17 years$9,821$8,220$6,844$5,671$4,681$3,487
18 years$9,179$7,595$6,247$5,111$4,162$3,036
19 years$8,605$7,039$5,719$4,618$3,710$2,649
20 years$8,089$6,541$5,249$4,183$3,314$2,315
21 years$7,623$6,093$4,828$3,796$2,965$2,027
22 years$7,199$5,688$4,450$3,452$2,658$1,777
23 years$6,814$5,319$4,108$3,143$2,386$1,559
24 years$6,460$4,984$3,800$2,867$2,145$1,370
25 years$6,136$4,677$3,519$2,618$1,930$1,204
26 years$5,837$4,396$3,264$2,394$1,738$1,060
27 years$5,561$4,137$3,031$2,191$1,567$933
28 years$5,305$3,898$2,818$2,008$1,414$822
29 years$5,066$3,678$2,622$1,841$1,277$725
30 years$4,845$3,473$2,442$1,690$1,154$639
31 years$4,638$3,283$2,277$1,552$1,043$564
32 years$4,444$3,107$2,124$1,426$944$498
33 years$4,262$2,942$1,983$1,311$854$439
34 years$4,092$2,788$1,853$1,207$773$388
35 years$3,931$2,645$1,733$1,111$700$343
36 years$3,780$2,510$1,621$1,023$634$303
37 years$3,637$2,384$1,517$943$575$268
38 years$3,502$2,266$1,421$869$521$237
39 years$3,375$2,155$1,331$801$473$209
40 years$3,254$2,050$1,248$739$429$185
41 years$3,139$1,951$1,170$682$389$163
42 years$3,030$1,858$1,097$629$353$145
43 years$2,926$1,771$1,030$581$320$128
44 years$2,828$1,688$967$536$291$113
45 years$2,734$1,609$908$495$264$100
46 years$2,644$1,535$852$457$240$88
47 years$2,559$1,465$801$423$218$78
48 years$2,477$1,399$753$391$198$69
49 years$2,399$1,336$707$361$180$61
50 years$2,324$1,276$665$334$163$54

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 $5,431 every year, while hoping to spend $39,870 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: 41/45/14 Blend
53$2,380,000$2,380,000$2,380,000$2,380,000
54$2,628,362$2,502,222$2,465,332$2,725,045
55$2,854,034$2,582,410$2,505,499$2,873,965
56$3,101,387$2,665,190$2,545,676$3,030,706
57$3,372,593$2,750,648$2,585,820$3,199,485
58$3,670,040$2,838,872$2,625,887$3,381,419
59$3,996,359$2,929,953$2,665,830$3,577,731
60$4,354,451$3,023,983$2,705,598$3,789,769
61$4,747,507$3,121,061$2,745,138$4,019,013
62$5,179,046$3,221,286$2,784,393$4,267,092
63$5,652,941$3,324,761$2,823,303$4,535,797
64$6,173,461$3,431,595$2,861,804$4,827,097
65$6,745,308$3,541,896$2,899,828$5,143,159
66$7,373,660$3,655,781$2,937,303$5,486,368
67$8,064,226$3,773,366$2,974,155$5,859,346
68$8,823,290$3,894,773$3,010,302$6,264,980
69$9,657,778$4,020,131$3,045,660$6,706,446
70$10,575,322$4,149,567$3,080,140$7,187,242
71$11,584,327$4,283,219$3,113,647$7,711,215
72$12,694,056$4,421,224$3,146,082$8,282,602
73$13,914,714$4,563,728$3,177,340$8,906,066
74$15,257,543$4,710,879$3,207,309$9,586,742
75$16,734,932$4,862,831$3,235,873$10,330,283
76$18,360,530$5,019,745$3,262,910$11,142,914
77$20,149,376$5,181,784$3,288,289$12,031,489
78$22,118,040$5,349,120$3,311,875$13,003,556
79$24,284,782$5,521,928$3,333,524$14,067,426
80$26,669,717$5,700,390$3,353,085$15,232,254
81$29,295,015$5,884,696$3,370,400$16,508,122
82$32,185,100$6,075,040$3,385,302$17,906,133
83$35,366,887$6,271,623$3,397,616$19,438,519
84$38,870,032$6,474,655$3,407,158$21,118,750
85$42,727,212$6,684,350$3,413,736$22,961,665
86$46,974,437$6,900,933$3,417,145$24,983,609
87$51,651,384$7,124,632$3,417,173$27,202,588
88$56,801,774$7,355,688$3,413,598$29,638,437
89$62,473,785$7,594,348$3,406,184$32,313,007
90$68,720,506$7,840,865$3,394,686$35,250,368
91$75,600,436$8,095,506$3,378,846$38,477,041
92$83,178,037$8,358,543$3,358,394$42,022,240
93$91,524,345$8,630,259$3,333,047$45,918,153
94$100,717,632$8,910,946$3,302,509$50,200,242
95$110,844,157$9,200,908$3,266,469$54,907,577
96$121,998,966$9,500,458$3,224,601$60,083,205
97$134,286,800$9,809,920$3,176,565$65,774,552
98$147,823,078$10,129,630$3,122,004$72,033,874
99$162,734,985$10,459,935$3,060,544$78,918,748
100$179,162,676$10,801,195$2,991,795$86,492,610