Can I retire at age 54 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$202,319$200,517$198,758$197,042$195,366$193,730
2 years$100,158$98,292$96,485$94,732$93,032$91,382
3 years$66,109$64,235$62,432$60,696$59,023$57,412
4 years$49,087$47,220$45,434$43,728$42,096$40,535
5 years$38,877$37,021$35,259$33,587$32,001$30,495
6 years$32,073$30,230$28,495$26,860$25,321$23,872
7 years$27,214$25,387$23,679$22,083$20,593$19,202
8 years$23,572$21,762$20,082$18,525$17,084$15,751
9 years$20,741$18,947$17,296$15,779$14,387$13,111
10 years$18,477$16,701$15,079$13,602$12,258$11,040
11 years$16,626$14,868$13,276$11,838$10,543$9,379
12 years$15,085$13,345$11,782$10,383$9,136$8,028
13 years$13,782$12,060$10,526$9,167$7,967$6,912
14 years$12,666$10,962$9,458$8,137$6,984$5,981
15 years$11,699$10,014$8,539$7,257$6,149$5,197
16 years$10,854$9,188$7,742$6,498$5,434$4,531
17 years$10,110$8,462$7,045$5,838$4,819$3,963
18 years$9,449$7,819$6,431$5,261$4,284$3,475
19 years$8,858$7,246$5,887$4,754$3,819$3,054
20 years$8,327$6,734$5,403$4,306$3,411$2,689
21 years$7,847$6,272$4,970$3,908$3,052$2,371
22 years$7,411$5,855$4,580$3,553$2,736$2,094
23 years$7,014$5,476$4,229$3,236$2,456$1,852
24 years$6,650$5,131$3,911$2,951$2,208$1,640
25 years$6,316$4,815$3,623$2,695$1,987$1,453
26 years$6,009$4,525$3,360$2,464$1,789$1,289
27 years$5,724$4,259$3,120$2,256$1,613$1,144
28 years$5,461$4,013$2,900$2,067$1,456$1,016
29 years$5,215$3,786$2,699$1,895$1,314$903
30 years$4,987$3,575$2,514$1,739$1,188$803
31 years$4,774$3,380$2,344$1,597$1,074$714
32 years$4,575$3,198$2,187$1,468$971$635
33 years$4,388$3,029$2,042$1,350$879$566
34 years$4,212$2,870$1,908$1,242$796$504
35 years$4,047$2,722$1,784$1,143$721$449
36 years$3,891$2,584$1,669$1,053$653$400
37 years$3,744$2,454$1,562$970$592$356
38 years$3,605$2,332$1,462$894$537$318
39 years$3,474$2,218$1,370$825$487$283
40 years$3,350$2,110$1,284$761$441$253
41 years$3,231$2,009$1,204$702$400$225
42 years$3,119$1,913$1,130$648$363$201
43 years$3,013$1,823$1,060$598$330$179
44 years$2,911$1,737$995$552$299$160
45 years$2,814$1,657$934$510$272$143
46 years$2,722$1,580$877$471$247$127
47 years$2,634$1,508$824$435$224$114
48 years$2,550$1,440$775$402$203$101
49 years$2,469$1,375$728$372$185$90
50 years$2,392$1,313$685$343$168$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,450,000, adding $2,175 every year, while hoping to spend $21,422 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: 62/9/29 Blend
53$2,450,000$2,450,000$2,450,000$2,450,000
54$2,702,144$2,572,294$2,534,319$2,848,462
55$2,954,969$2,675,543$2,596,425$3,051,502
56$3,232,865$2,783,134$2,659,895$3,270,608
57$3,538,366$2,895,256$2,724,750$3,509,419
58$3,874,264$3,012,108$2,791,014$3,769,869
59$4,243,636$3,133,898$2,858,709$4,054,087
60$4,649,871$3,260,843$2,927,860$4,364,417
61$5,096,703$3,393,170$2,998,489$4,703,437
62$5,588,247$3,531,116$3,070,619$5,073,988
63$6,129,037$3,674,929$3,144,273$5,479,199
64$6,724,067$3,824,869$3,219,475$5,922,514
65$7,378,842$3,981,207$3,296,246$6,407,724
66$8,099,424$4,144,226$3,374,611$6,939,008
67$8,892,495$4,314,224$3,454,591$7,520,965
68$9,765,418$4,491,510$3,536,208$8,158,662
69$10,726,305$4,676,408$3,619,485$8,857,677
70$11,784,094$4,869,257$3,704,444$9,624,156
71$12,948,634$5,070,414$3,791,105$10,464,870
72$14,230,778$5,280,247$3,879,491$11,387,274
73$15,642,485$5,499,146$3,969,620$12,399,582
74$17,196,930$5,727,516$4,061,515$13,510,841
75$18,908,635$5,965,783$4,155,193$14,731,018
76$20,793,598$6,214,389$4,250,675$16,071,092
77$22,869,451$6,473,799$4,347,979$17,543,158
78$25,155,620$6,744,501$4,447,121$19,160,542
79$27,673,514$7,027,001$4,548,120$20,937,922
80$30,446,721$7,321,833$4,650,990$22,891,472
81$33,501,236$7,629,553$4,755,748$25,039,009
82$36,865,703$7,950,742$4,862,407$27,400,163
83$40,571,688$8,286,012$4,970,981$29,996,562
84$44,653,972$8,635,998$5,081,480$32,852,035
85$49,150,884$9,001,369$5,193,917$35,992,835
86$54,104,661$9,382,822$5,308,300$39,447,890
87$59,561,845$9,781,089$5,424,636$43,249,070
88$65,573,725$10,196,934$5,542,933$47,431,492
89$72,196,819$10,631,158$5,663,195$52,033,848
90$79,493,407$11,084,597$5,785,425$57,098,772
91$87,532,121$11,558,130$5,909,624$62,673,238
92$96,388,592$12,052,672$6,035,790$68,809,006
93$106,146,160$12,569,185$6,163,922$75,563,109
94$116,896,668$13,108,674$6,294,012$82,998,390
95$128,741,320$13,672,192$6,426,054$91,184,093
96$141,791,645$14,260,839$6,560,037$100,196,520
97$156,170,542$14,875,770$6,695,947$110,119,746
98$172,013,445$15,518,191$6,833,770$121,046,414
99$189,469,600$16,189,366$6,973,485$133,078,608
100$208,703,473$16,890,618$7,115,070$146,328,817