Can I retire at age 54 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$200,667$198,880$197,136$195,434$193,772$187,419
2 years$99,340$97,490$95,697$93,958$92,272$85,933
3 years$65,569$63,711$61,922$60,200$58,541$52,414
4 years$48,687$46,834$45,064$43,371$41,752$35,884
5 years$38,560$36,719$34,971$33,313$31,739$26,145
6 years$31,811$29,983$28,262$26,641$25,114$19,800
7 years$26,992$25,180$23,486$21,903$20,425$15,389
8 years$23,380$21,584$19,918$18,374$16,944$12,183
9 years$20,571$18,793$17,155$15,650$14,269$9,778
10 years$18,326$16,565$14,956$13,491$12,158$7,929
11 years$16,490$14,747$13,167$11,741$10,457$6,482
12 years$14,962$13,236$11,686$10,298$9,061$5,332
13 years$13,669$11,961$10,440$9,092$7,902$4,409
14 years$12,562$10,873$9,381$8,071$6,927$3,660
15 years$11,604$9,932$8,469$7,198$6,099$3,049
16 years$10,766$9,113$7,679$6,445$5,390$2,546
17 years$10,027$8,392$6,987$5,791$4,779$2,132
18 years$9,372$7,755$6,379$5,218$4,249$1,788
19 years$8,786$7,187$5,839$4,715$3,788$1,502
20 years$8,259$6,679$5,359$4,271$3,383$1,263
21 years$7,783$6,221$4,929$3,876$3,028$1,063
22 years$7,351$5,807$4,543$3,524$2,714$896
23 years$6,957$5,431$4,195$3,209$2,436$756
24 years$6,596$5,089$3,879$2,927$2,190$638
25 years$6,265$4,775$3,593$2,673$1,970$538
26 years$5,960$4,488$3,332$2,444$1,775$455
27 years$5,677$4,224$3,094$2,237$1,600$384
28 years$5,416$3,980$2,877$2,050$1,444$325
29 years$5,173$3,755$2,677$1,880$1,304$275
30 years$4,946$3,546$2,494$1,725$1,178$232
31 years$4,735$3,352$2,325$1,584$1,065$196
32 years$4,537$3,172$2,169$1,456$963$166
33 years$4,352$3,004$2,025$1,339$872$141
34 years$4,178$2,847$1,892$1,232$789$119
35 years$4,014$2,700$1,769$1,134$715$101
36 years$3,859$2,563$1,655$1,045$648$85
37 years$3,714$2,434$1,549$962$587$72
38 years$3,576$2,313$1,451$887$532$61
39 years$3,446$2,200$1,359$818$483$52
40 years$3,322$2,093$1,274$754$438$44
41 years$3,205$1,992$1,194$696$397$37
42 years$3,094$1,897$1,120$642$360$31
43 years$2,988$1,808$1,051$593$327$27
44 years$2,887$1,723$987$548$297$22
45 years$2,791$1,643$927$506$270$19
46 years$2,700$1,568$870$467$245$16
47 years$2,612$1,496$818$432$222$14
48 years$2,529$1,428$768$399$202$12
49 years$2,449$1,364$722$369$183$10
50 years$2,373$1,303$679$341$166$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,430,000, adding $2,553 every year, while hoping to spend $56,658 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: 47/30/23 Blend
53$2,430,000$2,430,000$2,430,000$2,430,000
54$2,680,493$2,551,703$2,514,038$2,788,770
55$2,893,620$2,616,453$2,537,975$2,929,649
56$3,126,587$2,682,477$2,560,815$3,076,652
57$3,381,357$2,749,777$2,582,461$3,235,071
58$3,660,094$2,818,354$2,602,811$3,406,000
59$3,965,177$2,888,208$2,621,759$3,590,649
60$4,299,230$2,959,334$2,639,193$3,790,347
61$4,665,138$3,031,728$2,654,993$4,006,560
62$5,066,082$3,105,383$2,669,034$4,240,902
63$5,505,562$3,180,286$2,681,187$4,495,154
64$5,987,436$3,256,427$2,691,313$4,771,275
65$6,515,951$3,333,788$2,699,269$5,071,427
66$7,095,785$3,412,350$2,704,901$5,397,991
67$7,732,091$3,492,091$2,708,051$5,753,590
68$8,430,545$3,572,985$2,708,551$6,141,117
69$9,197,399$3,655,000$2,706,226$6,563,759
70$10,039,541$3,738,102$2,700,892$7,025,029
71$10,964,557$3,822,252$2,692,356$7,528,797
72$11,980,807$3,907,407$2,680,414$8,079,333
73$13,097,496$3,993,517$2,664,855$8,681,338
74$14,324,770$4,080,528$2,645,457$9,339,996
75$15,673,802$4,168,380$2,621,985$10,061,022
76$17,156,904$4,257,005$2,594,196$10,850,713
77$18,787,640$4,346,330$2,561,834$11,716,011
78$20,580,955$4,436,276$2,524,631$12,664,567
79$22,553,313$4,526,754$2,482,306$13,704,815
80$24,722,853$4,617,667$2,434,566$14,846,051
81$27,109,564$4,708,913$2,381,103$16,098,520
82$29,735,466$4,800,376$2,321,596$17,473,518
83$32,624,822$4,891,933$2,255,709$18,983,491
84$35,804,368$4,983,452$2,183,089$20,642,162
85$39,303,560$5,074,787$2,103,369$22,464,655
86$43,154,854$5,165,783$2,016,163$24,467,640
87$47,394,014$5,256,271$1,921,069$26,669,492
88$52,060,445$5,346,069$1,817,666$29,090,464
89$57,197,567$5,434,984$1,705,515$31,752,880
90$62,853,226$5,522,805$1,584,156$34,681,344
91$69,080,138$5,609,306$1,453,109$37,902,978
92$75,936,397$5,694,246$1,311,873$41,447,675
93$83,486,011$5,777,366$1,159,922$45,348,381
94$91,799,515$5,858,388$996,710$49,641,413
95$100,954,631$5,937,014$821,666$54,366,797
96$111,037,004$6,012,928$634,192$59,568,649
97$122,141,006$6,085,789$433,665$65,295,595
98$134,370,630$6,155,235$219,435$71,601,229
99$147,840,470$6,220,877$0$78,544,620
100$162,676,801$6,282,303$0$86,193,128