Can I retire at age 54 with 2,410,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$199,016$197,243$195,513$193,825$192,177$186,925
2 years$98,523$96,688$94,909$93,185$91,513$86,260
3 years$65,029$63,186$61,413$59,705$58,059$52,970
4 years$48,286$46,449$44,693$43,014$41,408$36,521
5 years$38,243$36,416$34,683$33,039$31,478$26,807
6 years$31,549$29,737$28,029$26,421$24,908$20,457
7 years$26,770$24,973$23,292$21,722$20,256$16,027
8 years$23,187$21,406$19,754$18,222$16,805$12,793
9 years$20,402$18,638$17,014$15,521$14,152$10,355
10 years$18,175$16,429$14,833$13,380$12,058$8,471
11 years$16,355$14,625$13,059$11,644$10,370$6,988
12 years$14,839$13,127$11,589$10,214$8,987$5,802
13 years$13,557$11,863$10,354$9,017$7,837$4,843
14 years$12,459$10,783$9,303$8,004$6,870$4,060
15 years$11,508$9,851$8,400$7,138$6,049$3,415
16 years$10,677$9,038$7,616$6,392$5,346$2,881
17 years$9,945$8,323$6,930$5,743$4,740$2,437
18 years$9,294$7,691$6,326$5,176$4,214$2,065
19 years$8,713$7,128$5,791$4,677$3,756$1,753
20 years$8,191$6,624$5,315$4,236$3,355$1,490
21 years$7,719$6,170$4,889$3,844$3,003$1,268
22 years$7,290$5,759$4,506$3,495$2,691$1,080
23 years$6,899$5,387$4,160$3,183$2,416$921
24 years$6,542$5,047$3,848$2,903$2,172$786
25 years$6,213$4,736$3,564$2,651$1,954$671
26 years$5,911$4,451$3,305$2,424$1,760$573
27 years$5,631$4,189$3,069$2,219$1,587$490
28 years$5,371$3,947$2,853$2,033$1,432$419
29 years$5,130$3,724$2,655$1,864$1,293$358
30 years$4,906$3,517$2,473$1,711$1,168$307
31 years$4,696$3,325$2,306$1,571$1,056$262
32 years$4,500$3,146$2,151$1,444$955$225
33 years$4,316$2,979$2,008$1,328$865$192
34 years$4,143$2,823$1,877$1,222$783$165
35 years$3,981$2,678$1,755$1,125$709$141
36 years$3,828$2,542$1,641$1,036$642$121
37 years$3,683$2,414$1,536$954$582$103
38 years$3,547$2,294$1,439$880$528$88
39 years$3,417$2,182$1,348$811$479$76
40 years$3,295$2,076$1,263$748$434$65
41 years$3,179$1,976$1,185$690$394$56
42 years$3,068$1,882$1,111$637$357$48
43 years$2,963$1,793$1,043$588$324$41
44 years$2,863$1,709$979$543$294$35
45 years$2,768$1,630$919$501$267$30
46 years$2,677$1,555$863$463$243$26
47 years$2,591$1,484$811$428$220$22
48 years$2,508$1,416$762$395$200$19
49 years$2,429$1,353$716$365$182$16
50 years$2,353$1,292$673$338$165$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,410,000, adding $3,551 every year, while hoping to spend $57,335 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: 65/23/12 Blend
53$2,410,000$2,410,000$2,410,000$2,410,000
54$2,659,483$2,531,753$2,494,398$2,824,880
55$2,869,746$2,594,805$2,516,956$2,998,778
56$3,099,535$2,659,025$2,538,349$3,181,680
57$3,350,779$2,724,409$2,558,475$3,380,079
58$3,625,606$2,790,953$2,577,232$3,595,486
59$3,926,357$2,858,648$2,594,508$3,829,561
60$4,255,609$2,927,485$2,610,187$4,084,134
61$4,616,200$2,997,451$2,624,148$4,361,221
62$5,011,257$3,068,531$2,636,261$4,663,041
63$5,444,222$3,140,706$2,646,393$4,992,039
64$5,918,887$3,213,954$2,654,401$5,350,908
65$6,439,427$3,288,252$2,660,138$5,742,616
66$7,010,443$3,363,570$2,663,446$6,170,430
67$7,636,998$3,439,876$2,664,162$6,637,952
68$8,324,675$3,517,132$2,662,114$7,149,147
69$9,079,618$3,595,298$2,657,122$7,708,388
70$9,908,600$3,674,328$2,648,996$8,320,489
71$10,819,077$3,754,171$2,637,537$8,990,757
72$11,819,267$3,834,769$2,622,539$9,725,036
73$12,918,221$3,916,061$2,603,782$10,529,769
74$14,125,910$3,997,979$2,581,039$11,412,054
75$15,453,319$4,080,446$2,554,070$12,379,712
76$16,912,550$4,163,380$2,522,624$13,441,361
77$18,516,937$4,246,693$2,486,440$14,606,497
78$20,281,170$4,330,287$2,445,241$15,885,587
79$22,221,433$4,414,054$2,398,740$17,290,161
80$24,355,558$4,497,882$2,346,636$18,832,928
81$26,703,191$4,581,644$2,288,615$20,527,891
82$29,285,979$4,665,207$2,224,346$22,390,484
83$32,127,772$4,748,425$2,153,484$24,437,712
84$35,254,848$4,831,141$2,075,669$26,688,316
85$38,696,162$4,913,186$1,990,523$29,162,950
86$42,483,617$4,994,379$1,897,653$31,884,374
87$46,652,367$5,074,525$1,796,646$34,877,670
88$51,241,146$5,153,414$1,687,070$38,170,479
89$56,292,632$5,230,821$1,568,477$41,793,262
90$61,853,854$5,306,505$1,440,394$45,779,591
91$67,976,631$5,380,207$1,302,331$50,166,460
92$74,718,063$5,451,652$1,153,774$54,994,640
93$82,141,066$5,520,544$994,187$60,309,061
94$90,314,971$5,586,567$823,008$66,159,238
95$99,316,173$5,649,384$639,654$72,599,741
96$109,228,854$5,708,635$443,514$79,690,707
97$120,145,775$5,763,936$233,949$87,498,408
98$132,169,152$5,814,877$10,295$96,095,883
99$145,411,622$5,861,023$0$105,563,622
100$159,997,303$5,901,907$0$116,019,570