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

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$199,016$197,243$195,513$193,825$192,177$191,046
2 years$98,523$96,688$94,909$93,185$91,513$90,372
3 years$65,029$63,186$61,413$59,705$58,059$56,944
4 years$48,286$46,449$44,693$43,014$41,408$40,327
5 years$38,243$36,416$34,683$33,039$31,478$30,433
6 years$31,549$29,737$28,029$26,421$24,908$23,901
7 years$26,770$24,973$23,292$21,722$20,256$19,289
8 years$23,187$21,406$19,754$18,222$16,805$15,876
9 years$20,402$18,638$17,014$15,521$14,152$13,262
10 years$18,175$16,429$14,833$13,380$12,058$11,207
11 years$16,355$14,625$13,059$11,644$10,370$9,557
12 years$14,839$13,127$11,589$10,214$8,987$8,210
13 years$13,557$11,863$10,354$9,017$7,837$7,096
14 years$12,459$10,783$9,303$8,004$6,870$6,164
15 years$11,508$9,851$8,400$7,138$6,049$5,378
16 years$10,677$9,038$7,616$6,392$5,346$4,708
17 years$9,945$8,323$6,930$5,743$4,740$4,135
18 years$9,294$7,691$6,326$5,176$4,214$3,641
19 years$8,713$7,128$5,791$4,677$3,756$3,214
20 years$8,191$6,624$5,315$4,236$3,355$2,842
21 years$7,719$6,170$4,889$3,844$3,003$2,517
22 years$7,290$5,759$4,506$3,495$2,691$2,233
23 years$6,899$5,387$4,160$3,183$2,416$1,984
24 years$6,542$5,047$3,848$2,903$2,172$1,765
25 years$6,213$4,736$3,564$2,651$1,954$1,571
26 years$5,911$4,451$3,305$2,424$1,760$1,400
27 years$5,631$4,189$3,069$2,219$1,587$1,248
28 years$5,371$3,947$2,853$2,033$1,432$1,114
29 years$5,130$3,724$2,655$1,864$1,293$995
30 years$4,906$3,517$2,473$1,711$1,168$889
31 years$4,696$3,325$2,306$1,571$1,056$795
32 years$4,500$3,146$2,151$1,444$955$711
33 years$4,316$2,979$2,008$1,328$865$636
34 years$4,143$2,823$1,877$1,222$783$569
35 years$3,981$2,678$1,755$1,125$709$509
36 years$3,828$2,542$1,641$1,036$642$456
37 years$3,683$2,414$1,536$954$582$409
38 years$3,547$2,294$1,439$880$528$366
39 years$3,417$2,182$1,348$811$479$328
40 years$3,295$2,076$1,263$748$434$294
41 years$3,179$1,976$1,185$690$394$264
42 years$3,068$1,882$1,111$637$357$236
43 years$2,963$1,793$1,043$588$324$212
44 years$2,863$1,709$979$543$294$190
45 years$2,768$1,630$919$501$267$170
46 years$2,677$1,555$863$463$243$153
47 years$2,591$1,484$811$428$220$137
48 years$2,508$1,416$762$395$200$123
49 years$2,429$1,353$716$365$182$110
50 years$2,353$1,292$673$338$165$99

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 $4,970 every year, while hoping to spend $50,967 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: 58/22/20 Blend
53$2,410,000$2,410,000$2,410,000$2,410,000
54$2,660,947$2,533,217$2,495,862$2,800,888
55$2,878,135$2,603,116$2,525,244$2,966,460
56$3,115,768$2,674,732$2,553,903$3,140,927
57$3,375,877$2,748,095$2,581,760$3,330,003
58$3,660,701$2,823,235$2,608,733$3,535,106
59$3,972,701$2,900,183$2,634,735$3,757,800
60$4,314,592$2,978,967$2,659,674$3,999,808
61$4,689,361$3,059,617$2,683,453$4,263,026
62$5,100,298$3,142,161$2,705,972$4,549,543
63$5,551,029$3,226,627$2,727,122$4,861,660
64$6,045,546$3,313,043$2,746,792$5,201,911
65$6,588,244$3,401,436$2,764,863$5,573,090
66$7,183,969$3,491,830$2,781,210$5,978,272
67$7,838,055$3,584,251$2,795,701$6,420,846
68$8,556,379$3,678,722$2,808,200$6,904,546
69$9,345,416$3,775,265$2,818,561$7,433,484
70$10,212,298$3,873,903$2,826,632$8,012,194
71$11,164,882$3,974,653$2,832,253$8,645,669
72$12,211,823$4,077,534$2,835,257$9,339,411
73$13,362,658$4,182,563$2,835,468$10,099,483
74$14,627,894$4,289,753$2,832,700$10,932,565
75$16,019,103$4,399,115$2,826,761$11,846,017
76$17,549,041$4,510,661$2,817,445$12,847,952
77$19,231,755$4,624,395$2,804,542$13,947,308
78$21,082,726$4,740,323$2,787,827$15,153,932
79$23,119,011$4,858,445$2,767,065$16,478,680
80$25,359,401$4,978,760$2,742,013$17,933,511
81$27,824,601$5,101,261$2,712,412$19,531,605
82$30,537,426$5,225,938$2,677,993$21,287,486
83$33,523,013$5,352,778$2,638,475$23,217,160
84$36,809,059$5,481,763$2,593,563$25,338,265
85$40,426,082$5,612,869$2,542,946$27,670,237
86$44,407,711$5,746,067$2,486,303$30,234,499
87$48,790,997$5,881,325$2,423,295$33,054,654
88$53,616,771$6,018,602$2,353,567$36,156,716
89$58,930,020$6,157,852$2,276,750$39,569,355
90$64,780,317$6,299,022$2,192,456$43,324,162
91$71,222,287$6,442,051$2,100,281$47,455,955
92$78,316,121$6,586,872$1,999,801$52,003,102
93$86,128,144$6,733,407$1,890,573$57,007,887
94$94,731,442$6,881,572$1,772,135$62,516,909
95$104,206,551$7,031,271$1,644,003$68,581,521
96$114,642,215$7,182,399$1,505,673$75,258,317
97$126,136,224$7,334,840$1,356,616$82,609,666
98$138,796,339$7,488,466$1,196,282$90,704,299
99$152,741,302$7,643,138$1,024,095$99,617,963
100$168,101,966$7,798,703$839,453$109,434,133