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%14%
1 years$200,667$198,880$197,136$195,434$193,772$190,562
2 years$99,340$97,490$95,697$93,958$92,272$89,047
3 years$65,569$63,711$61,922$60,200$58,541$55,402
4 years$48,687$46,834$45,064$43,371$41,752$38,723
5 years$38,560$36,719$34,971$33,313$31,739$28,829
6 years$31,811$29,983$28,262$26,641$25,114$22,326
7 years$26,992$25,180$23,486$21,903$20,425$17,759
8 years$23,380$21,584$19,918$18,374$16,944$14,401
9 years$20,571$18,793$17,155$15,650$14,269$11,847
10 years$18,326$16,565$14,956$13,491$12,158$9,855
11 years$16,490$14,747$13,167$11,741$10,457$8,269
12 years$14,962$13,236$11,686$10,298$9,061$6,988
13 years$13,669$11,961$10,440$9,092$7,902$5,939
14 years$12,562$10,873$9,381$8,071$6,927$5,071
15 years$11,604$9,932$8,469$7,198$6,099$4,347
16 years$10,766$9,113$7,679$6,445$5,390$3,738
17 years$10,027$8,392$6,987$5,791$4,779$3,223
18 years$9,372$7,755$6,379$5,218$4,249$2,786
19 years$8,786$7,187$5,839$4,715$3,788$2,413
20 years$8,259$6,679$5,359$4,271$3,383$2,094
21 years$7,783$6,221$4,929$3,876$3,028$1,819
22 years$7,351$5,807$4,543$3,524$2,714$1,582
23 years$6,957$5,431$4,195$3,209$2,436$1,378
24 years$6,596$5,089$3,879$2,927$2,190$1,201
25 years$6,265$4,775$3,593$2,673$1,970$1,048
26 years$5,960$4,488$3,332$2,444$1,775$915
27 years$5,677$4,224$3,094$2,237$1,600$799
28 years$5,416$3,980$2,877$2,050$1,444$698
29 years$5,173$3,755$2,677$1,880$1,304$611
30 years$4,946$3,546$2,494$1,725$1,178$534
31 years$4,735$3,352$2,325$1,584$1,065$467
32 years$4,537$3,172$2,169$1,456$963$409
33 years$4,352$3,004$2,025$1,339$872$358
34 years$4,178$2,847$1,892$1,232$789$314
35 years$4,014$2,700$1,769$1,134$715$275
36 years$3,859$2,563$1,655$1,045$648$241
37 years$3,714$2,434$1,549$962$587$211
38 years$3,576$2,313$1,451$887$532$185
39 years$3,446$2,200$1,359$818$483$162
40 years$3,322$2,093$1,274$754$438$142
41 years$3,205$1,992$1,194$696$397$124
42 years$3,094$1,897$1,120$642$360$109
43 years$2,988$1,808$1,051$593$327$96
44 years$2,887$1,723$987$548$297$84
45 years$2,791$1,643$927$506$270$74
46 years$2,700$1,568$870$467$245$65
47 years$2,612$1,496$818$432$222$57
48 years$2,529$1,428$768$399$202$50
49 years$2,449$1,364$722$369$183$44
50 years$2,373$1,303$679$341$166$38

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 $2,310 every year, while hoping to spend $58,064 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: 65/15/20 Blend
53$2,430,000$2,430,000$2,430,000$2,430,000
54$2,680,243$2,551,453$2,513,788$2,840,737
55$2,891,848$2,614,694$2,536,220$3,012,053
56$3,123,091$2,679,089$2,557,458$3,192,371
57$3,375,913$2,744,631$2,577,399$3,388,064
58$3,652,452$2,811,314$2,595,939$3,600,640
59$3,955,063$2,879,129$2,612,963$3,831,762
60$4,286,337$2,948,064$2,628,355$4,083,259
61$4,649,128$3,018,104$2,641,990$4,357,148
62$5,046,580$3,089,232$2,653,737$4,655,651
63$5,482,154$3,161,427$2,663,460$4,981,217
64$5,959,663$3,234,666$2,671,015$5,336,542
65$6,483,305$3,308,921$2,676,250$5,724,600
66$7,057,704$3,384,161$2,679,007$6,148,664
67$7,687,955$3,460,350$2,679,119$6,612,345
68$8,379,669$3,537,449$2,676,412$7,119,618
69$9,139,024$3,615,413$2,670,701$7,674,865
70$9,972,830$3,694,193$2,661,795$8,282,917
71$10,888,585$3,773,735$2,649,491$8,949,094
72$11,894,551$3,853,978$2,633,579$9,679,261
73$12,999,828$3,934,856$2,613,837$10,479,881
74$14,214,442$4,016,296$2,590,032$11,358,077
75$15,549,439$4,098,218$2,561,922$12,321,697
76$17,016,987$4,180,536$2,529,252$13,379,392
77$18,630,492$4,263,155$2,491,754$14,540,695
78$20,404,725$4,345,972$2,449,150$15,816,113
79$22,355,957$4,428,876$2,401,148$17,217,223
80$24,502,120$4,511,745$2,347,441$18,756,786
81$26,862,965$4,594,449$2,287,709$20,448,866
82$29,460,257$4,676,848$2,221,617$22,308,961
83$32,317,978$4,758,787$2,148,816$24,354,152
84$35,462,548$4,840,105$2,068,938$26,603,265
85$38,923,081$4,920,623$1,981,600$29,077,046
86$42,731,654$5,000,152$1,886,402$31,798,360
87$46,923,611$5,078,488$1,782,925$34,792,405
88$51,537,898$5,155,412$1,670,732$38,086,954
89$56,617,426$5,230,690$1,549,364$41,712,614
90$62,209,481$5,304,071$1,418,345$45,703,116
91$68,366,163$5,375,285$1,277,174$50,095,636
92$75,144,882$5,444,046$1,125,331$54,931,144
93$82,608,901$5,510,044$962,270$60,254,793
94$90,827,925$5,572,953$787,422$66,116,346
95$99,878,767$5,632,421$600,194$72,570,646
96$109,846,066$5,688,075$399,966$79,678,132
97$120,823,089$5,739,514$186,089$87,505,417
98$132,912,609$5,786,316$0$96,125,911
99$146,227,875$5,828,025$0$105,629,513
100$160,893,682$5,864,162$0$116,139,354