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%15.5%
1 years$199,016$197,243$195,513$193,825$192,177$187,836
2 years$98,523$96,688$94,909$93,185$91,513$87,163
3 years$65,029$63,186$61,413$59,705$58,059$53,836
4 years$48,286$46,449$44,693$43,014$41,408$37,344
5 years$38,243$36,416$34,683$33,039$31,478$27,585
6 years$31,549$29,737$28,029$26,421$24,908$21,189
7 years$26,770$24,973$23,292$21,722$20,256$16,713
8 years$23,187$21,406$19,754$18,222$16,805$13,435
9 years$20,402$18,638$17,014$15,521$14,152$10,954
10 years$18,175$16,429$14,833$13,380$12,058$9,028
11 years$16,355$14,625$13,059$11,644$10,370$7,504
12 years$14,839$13,127$11,589$10,214$8,987$6,280
13 years$13,557$11,863$10,354$9,017$7,837$5,284
14 years$12,459$10,783$9,303$8,004$6,870$4,466
15 years$11,508$9,851$8,400$7,138$6,049$3,789
16 years$10,677$9,038$7,616$6,392$5,346$3,224
17 years$9,945$8,323$6,930$5,743$4,740$2,751
18 years$9,294$7,691$6,326$5,176$4,214$2,352
19 years$8,713$7,128$5,791$4,677$3,756$2,014
20 years$8,191$6,624$5,315$4,236$3,355$1,728
21 years$7,719$6,170$4,889$3,844$3,003$1,484
22 years$7,290$5,759$4,506$3,495$2,691$1,276
23 years$6,899$5,387$4,160$3,183$2,416$1,099
24 years$6,542$5,047$3,848$2,903$2,172$946
25 years$6,213$4,736$3,564$2,651$1,954$816
26 years$5,911$4,451$3,305$2,424$1,760$704
27 years$5,631$4,189$3,069$2,219$1,587$607
28 years$5,371$3,947$2,853$2,033$1,432$524
29 years$5,130$3,724$2,655$1,864$1,293$453
30 years$4,906$3,517$2,473$1,711$1,168$391
31 years$4,696$3,325$2,306$1,571$1,056$338
32 years$4,500$3,146$2,151$1,444$955$292
33 years$4,316$2,979$2,008$1,328$865$253
34 years$4,143$2,823$1,877$1,222$783$219
35 years$3,981$2,678$1,755$1,125$709$189
36 years$3,828$2,542$1,641$1,036$642$164
37 years$3,683$2,414$1,536$954$582$141
38 years$3,547$2,294$1,439$880$528$122
39 years$3,417$2,182$1,348$811$479$106
40 years$3,295$2,076$1,263$748$434$92
41 years$3,179$1,976$1,185$690$394$79
42 years$3,068$1,882$1,111$637$357$69
43 years$2,963$1,793$1,043$588$324$59
44 years$2,863$1,709$979$543$294$51
45 years$2,768$1,630$919$501$267$45
46 years$2,677$1,555$863$463$243$39
47 years$2,591$1,484$811$428$220$33
48 years$2,508$1,416$762$395$200$29
49 years$2,429$1,353$716$365$182$25
50 years$2,353$1,292$673$338$165$22

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 $5,623 every year, while hoping to spend $34,427 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: 32/50/18 Blend
53$2,410,000$2,410,000$2,410,000$2,410,000
54$2,661,620$2,533,890$2,496,535$2,731,683
55$2,896,475$2,621,421$2,543,539$2,871,837
56$3,154,132$2,712,086$2,590,964$3,019,146
57$3,436,879$2,806,005$2,638,787$3,177,086
58$3,747,239$2,903,297$2,686,984$3,346,605
59$4,087,989$3,004,090$2,735,530$3,528,744
60$4,462,190$3,108,516$2,784,396$3,724,647
61$4,873,212$3,216,712$2,833,552$3,935,567
62$5,324,767$3,328,819$2,882,964$4,162,884
63$5,820,949$3,444,986$2,932,598$4,408,111
64$6,366,261$3,565,366$2,982,416$4,672,911
65$6,965,671$3,690,120$3,032,378$4,959,111
66$7,624,646$3,819,413$3,082,439$5,268,718
67$8,349,214$3,953,419$3,132,555$5,603,942
68$9,146,014$4,092,316$3,182,676$5,967,207
69$10,022,361$4,236,293$3,232,749$6,361,182
70$10,986,314$4,385,544$3,282,718$6,788,800
71$12,046,753$4,540,270$3,332,524$7,253,289
72$13,213,461$4,700,683$3,382,104$7,758,196
73$14,497,219$4,867,001$3,431,389$8,307,427
74$15,909,904$5,039,452$3,480,308$8,905,274
75$17,464,602$5,218,274$3,528,787$9,556,465
76$19,175,734$5,403,712$3,576,744$10,266,198
77$21,059,189$5,596,023$3,624,095$11,040,195
78$23,132,473$5,795,475$3,670,748$11,884,753
79$25,414,877$6,002,345$3,716,611$12,806,804
80$27,927,658$6,216,924$3,761,580$13,813,977
81$30,694,236$6,439,511$3,805,551$14,914,668
82$33,740,422$6,670,420$3,848,410$16,118,123
83$37,094,653$6,909,978$3,890,040$17,434,520
84$40,788,265$7,158,525$3,930,314$18,875,064
85$44,855,790$7,416,414$3,969,101$20,452,094
86$49,335,276$7,684,015$4,006,262$22,179,194
87$54,268,652$7,961,710$4,041,650$24,071,325
88$59,702,120$8,249,899$4,075,110$26,144,959
89$65,686,591$8,548,998$4,106,481$28,418,239
90$72,278,165$8,859,441$4,135,590$30,911,144
91$79,538,664$9,181,679$4,162,258$33,645,677
92$87,536,209$9,516,183$4,186,295$36,646,073
93$96,345,870$9,863,443$4,207,503$39,939,024
94$106,050,365$10,223,969$4,225,672$43,553,930
95$116,740,852$10,598,293$4,240,581$47,523,175
96$128,517,779$10,986,969$4,252,000$51,882,427
97$141,491,837$11,390,576$4,259,687$56,670,981
98$155,785,005$11,809,714$4,263,387$61,932,117
99$171,531,697$12,245,011$4,262,832$67,713,518
100$188,880,035$12,697,122$4,257,742$74,067,706