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%17.7%
1 years$199,016$197,243$195,513$193,825$192,177$186,174
2 years$98,523$96,688$94,909$93,185$91,513$85,519
3 years$65,029$63,186$61,413$59,705$58,059$52,262
4 years$48,286$46,449$44,693$43,014$41,408$35,852
5 years$38,243$36,416$34,683$33,039$31,478$26,177
6 years$31,549$29,737$28,029$26,421$24,908$19,867
7 years$26,770$24,973$23,292$21,722$20,256$15,477
8 years$23,187$21,406$19,754$18,222$16,805$12,282
9 years$20,402$18,638$17,014$15,521$14,152$9,881
10 years$18,175$16,429$14,833$13,380$12,058$8,033
11 years$16,355$14,625$13,059$11,644$10,370$6,583
12 years$14,839$13,127$11,589$10,214$8,987$5,430
13 years$13,557$11,863$10,354$9,017$7,837$4,502
14 years$12,459$10,783$9,303$8,004$6,870$3,748
15 years$11,508$9,851$8,400$7,138$6,049$3,131
16 years$10,677$9,038$7,616$6,392$5,346$2,623
17 years$9,945$8,323$6,930$5,743$4,740$2,202
18 years$9,294$7,691$6,326$5,176$4,214$1,852
19 years$8,713$7,128$5,791$4,677$3,756$1,560
20 years$8,191$6,624$5,315$4,236$3,355$1,316
21 years$7,719$6,170$4,889$3,844$3,003$1,112
22 years$7,290$5,759$4,506$3,495$2,691$940
23 years$6,899$5,387$4,160$3,183$2,416$795
24 years$6,542$5,047$3,848$2,903$2,172$673
25 years$6,213$4,736$3,564$2,651$1,954$570
26 years$5,911$4,451$3,305$2,424$1,760$483
27 years$5,631$4,189$3,069$2,219$1,587$410
28 years$5,371$3,947$2,853$2,033$1,432$347
29 years$5,130$3,724$2,655$1,864$1,293$295
30 years$4,906$3,517$2,473$1,711$1,168$250
31 years$4,696$3,325$2,306$1,571$1,056$212
32 years$4,500$3,146$2,151$1,444$955$180
33 years$4,316$2,979$2,008$1,328$865$153
34 years$4,143$2,823$1,877$1,222$783$130
35 years$3,981$2,678$1,755$1,125$709$110
36 years$3,828$2,542$1,641$1,036$642$94
37 years$3,683$2,414$1,536$954$582$79
38 years$3,547$2,294$1,439$880$528$67
39 years$3,417$2,182$1,348$811$479$57
40 years$3,295$2,076$1,263$748$434$49
41 years$3,179$1,976$1,185$690$394$41
42 years$3,068$1,882$1,111$637$357$35
43 years$2,963$1,793$1,043$588$324$30
44 years$2,863$1,709$979$543$294$25
45 years$2,768$1,630$919$501$267$22
46 years$2,677$1,555$863$463$243$18
47 years$2,591$1,484$811$428$220$16
48 years$2,508$1,416$762$395$200$13
49 years$2,429$1,353$716$365$182$11
50 years$2,353$1,292$673$338$165$10

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 $5,941 every year, while hoping to spend $30,443 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: 47/28/25 Blend
53$2,410,000$2,410,000$2,410,000$2,410,000
54$2,661,948$2,534,218$2,496,863$2,767,778
55$2,901,076$2,626,004$2,548,117$2,934,531
56$3,163,574$2,721,266$2,600,067$3,111,964
57$3,451,795$2,820,145$2,652,706$3,303,962
58$3,768,328$2,922,782$2,706,022$3,511,906
59$4,116,028$3,029,329$2,760,004$3,737,315
60$4,498,039$3,139,942$2,814,640$3,981,860
61$4,917,823$3,254,783$2,869,915$4,247,379
62$5,379,196$3,374,023$2,925,812$4,535,894
63$5,886,361$3,497,837$2,982,314$4,849,630
64$6,443,950$3,626,411$3,039,401$5,191,033
65$7,057,064$3,759,936$3,097,052$5,562,798
66$7,731,324$3,898,613$3,155,243$5,967,889
67$8,472,924$4,042,649$3,213,948$6,409,568
68$9,288,686$4,192,263$3,273,140$6,891,426
69$10,186,129$4,347,681$3,332,787$7,417,415
70$11,173,536$4,509,139$3,392,857$7,991,887
71$12,260,034$4,676,884$3,453,315$8,619,633
72$13,455,679$4,851,173$3,514,123$9,305,926
73$14,771,551$5,032,273$3,575,239$10,056,573
74$16,219,859$5,220,464$3,636,619$10,877,969
75$17,814,055$5,416,038$3,698,216$11,777,155
76$19,568,961$5,619,296$3,759,979$12,761,883
77$21,500,912$5,830,558$3,821,854$13,840,693
78$23,627,902$6,050,153$3,883,784$15,022,989
79$25,969,763$6,278,426$3,945,706$16,319,125
80$28,548,346$6,515,736$4,007,554$17,740,510
81$31,387,730$6,762,459$4,069,259$19,299,706
82$34,514,445$7,018,986$4,130,746$21,010,551
83$37,957,728$7,285,726$4,191,936$22,888,286
84$41,749,794$7,563,104$4,252,743$24,949,702
85$45,926,142$7,851,566$4,313,080$27,213,292
86$50,525,892$8,151,575$4,372,851$29,699,430
87$55,592,147$8,463,617$4,431,956$32,430,557
88$61,172,407$8,788,195$4,490,288$35,431,396
89$67,319,015$9,125,839$4,547,734$38,729,184
90$74,089,647$9,477,098$4,604,177$42,353,926
91$81,547,864$9,842,549$4,659,489$46,338,678
92$89,763,702$10,222,789$4,713,538$50,719,856
93$98,814,341$10,618,448$4,766,183$55,537,584
94$108,784,830$11,030,178$4,817,276$60,836,066
95$119,768,888$11,458,662$4,866,660$66,664,003
96$131,869,793$11,904,615$4,914,172$73,075,054
97$145,201,351$12,368,780$4,959,636$80,128,337
98$159,888,974$12,851,936$5,002,869$87,888,990
99$176,070,863$13,354,894$5,043,679$96,428,782
100$193,899,311$13,878,504$5,081,862$105,826,789