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%11.2%
1 years$200,667$198,880$197,136$195,434$193,772$192,793
2 years$99,340$97,490$95,697$93,958$92,272$91,285
3 years$65,569$63,711$61,922$60,200$58,541$57,575
4 years$48,687$46,834$45,064$43,371$41,752$40,815
5 years$38,560$36,719$34,971$33,313$31,739$30,834
6 years$31,811$29,983$28,262$26,641$25,114$24,242
7 years$26,992$25,180$23,486$21,903$20,425$19,586
8 years$23,380$21,584$19,918$18,374$16,944$16,139
9 years$20,571$18,793$17,155$15,650$14,269$13,497
10 years$18,326$16,565$14,956$13,491$12,158$11,419
11 years$16,490$14,747$13,167$11,741$10,457$9,749
12 years$14,962$13,236$11,686$10,298$9,061$8,386
13 years$13,669$11,961$10,440$9,092$7,902$7,258
14 years$12,562$10,873$9,381$8,071$6,927$6,313
15 years$11,604$9,932$8,469$7,198$6,099$5,515
16 years$10,766$9,113$7,679$6,445$5,390$4,835
17 years$10,027$8,392$6,987$5,791$4,779$4,252
18 years$9,372$7,755$6,379$5,218$4,249$3,749
19 years$8,786$7,187$5,839$4,715$3,788$3,314
20 years$8,259$6,679$5,359$4,271$3,383$2,935
21 years$7,783$6,221$4,929$3,876$3,028$2,603
22 years$7,351$5,807$4,543$3,524$2,714$2,313
23 years$6,957$5,431$4,195$3,209$2,436$2,058
24 years$6,596$5,089$3,879$2,927$2,190$1,833
25 years$6,265$4,775$3,593$2,673$1,970$1,634
26 years$5,960$4,488$3,332$2,444$1,775$1,459
27 years$5,677$4,224$3,094$2,237$1,600$1,303
28 years$5,416$3,980$2,877$2,050$1,444$1,165
29 years$5,173$3,755$2,677$1,880$1,304$1,042
30 years$4,946$3,546$2,494$1,725$1,178$932
31 years$4,735$3,352$2,325$1,584$1,065$835
32 years$4,537$3,172$2,169$1,456$963$748
33 years$4,352$3,004$2,025$1,339$872$670
34 years$4,178$2,847$1,892$1,232$789$601
35 years$4,014$2,700$1,769$1,134$715$539
36 years$3,859$2,563$1,655$1,045$648$483
37 years$3,714$2,434$1,549$962$587$434
38 years$3,576$2,313$1,451$887$532$389
39 years$3,446$2,200$1,359$818$483$349
40 years$3,322$2,093$1,274$754$438$314
41 years$3,205$1,992$1,194$696$397$282
42 years$3,094$1,897$1,120$642$360$253
43 years$2,988$1,808$1,051$593$327$227
44 years$2,887$1,723$987$548$297$204
45 years$2,791$1,643$927$506$270$183
46 years$2,700$1,568$870$467$245$165
47 years$2,612$1,496$818$432$222$148
48 years$2,529$1,428$768$399$202$133
49 years$2,449$1,364$722$369$183$120
50 years$2,373$1,303$679$341$166$107

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 $3,013 every year, while hoping to spend $58,883 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: 47/42/11 Blend
53$2,430,000$2,430,000$2,430,000$2,430,000
54$2,680,968$2,552,178$2,514,513$2,798,657
55$2,891,776$2,614,584$2,536,098$2,942,539
56$3,122,112$2,678,074$2,556,433$3,092,267
57$3,373,907$2,742,639$2,575,413$3,253,432
58$3,649,286$2,808,268$2,592,929$3,427,120
59$3,950,587$2,874,947$2,608,866$3,614,522
60$4,280,387$2,942,660$2,623,103$3,816,951
61$4,641,522$3,011,385$2,635,513$4,035,853
62$5,037,115$3,081,101$2,645,960$4,272,822
63$5,470,607$3,151,782$2,654,306$4,529,610
64$5,945,786$3,223,396$2,660,402$4,808,152
65$6,466,824$3,295,910$2,664,094$5,110,575
66$7,038,317$3,369,287$2,665,218$5,439,224
67$7,665,326$3,443,483$2,663,604$5,796,684
68$8,353,427$3,518,451$2,659,072$6,185,800
69$9,108,760$3,594,139$2,651,435$6,609,709
70$9,938,091$3,670,490$2,640,496$7,071,867
71$10,848,872$3,747,439$2,626,048$7,576,084
72$11,849,310$3,824,917$2,607,874$8,126,554
73$12,948,450$3,902,848$2,585,747$8,727,903
74$14,156,253$3,981,148$2,559,431$9,385,228
75$15,483,694$4,059,728$2,528,675$10,104,144
76$16,942,865$4,138,488$2,493,220$10,890,841
77$18,547,086$4,217,323$2,452,791$11,752,141
78$20,311,033$4,296,116$2,407,104$12,695,562
79$22,250,875$4,374,742$2,355,859$13,729,390
80$24,384,426$4,453,067$2,298,742$14,862,757
81$26,731,315$4,530,944$2,235,427$16,105,727
82$29,313,166$4,608,217$2,165,571$17,469,394
83$32,153,806$4,684,718$2,088,815$18,965,983
84$35,279,489$4,760,263$2,004,785$20,608,969
85$38,719,140$4,834,660$1,913,089$22,413,205
86$42,504,632$4,907,697$1,813,316$24,395,061
87$46,671,082$4,979,152$1,705,040$26,572,577
88$51,257,186$5,048,784$1,587,813$28,965,639
89$56,305,581$5,116,336$1,461,166$31,596,166
90$61,863,247$5,181,534$1,324,612$34,488,313
91$67,981,951$5,244,082$1,177,640$37,668,706
92$74,718,736$5,303,668$1,019,717$41,166,690
93$82,136,456$5,359,957$850,286$45,014,611
94$90,304,370$5,412,590$668,766$49,248,116
95$99,298,796$5,461,187$474,550$53,906,499
96$109,203,830$5,505,342$267,005$59,033,064
97$120,112,139$5,544,623$45,468$64,675,542
98$132,125,836$5,578,567$0$70,886,541
99$145,357,441$5,606,687$0$77,746,455
100$159,930,944$5,628,459$0$85,303,927