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%13.5%
1 years$202,319$200,517$198,758$197,042$195,366$192,526
2 years$100,158$98,292$96,485$94,732$93,032$90,176
3 years$66,109$64,235$62,432$60,696$59,023$56,241
4 years$49,087$47,220$45,434$43,728$42,096$39,409
5 years$38,877$37,021$35,259$33,587$32,001$29,416
6 years$32,073$30,230$28,495$26,860$25,321$22,842
7 years$27,214$25,387$23,679$22,083$20,593$18,221
8 years$23,572$21,762$20,082$18,525$17,084$14,818
9 years$20,741$18,947$17,296$15,779$14,387$12,226
10 years$18,477$16,701$15,079$13,602$12,258$10,201
11 years$16,626$14,868$13,276$11,838$10,543$8,587
12 years$15,085$13,345$11,782$10,383$9,136$7,280
13 years$13,782$12,060$10,526$9,167$7,967$6,207
14 years$12,666$10,962$9,458$8,137$6,984$5,318
15 years$11,699$10,014$8,539$7,257$6,149$4,574
16 years$10,854$9,188$7,742$6,498$5,434$3,947
17 years$10,110$8,462$7,045$5,838$4,819$3,416
18 years$9,449$7,819$6,431$5,261$4,284$2,963
19 years$8,858$7,246$5,887$4,754$3,819$2,576
20 years$8,327$6,734$5,403$4,306$3,411$2,243
21 years$7,847$6,272$4,970$3,908$3,052$1,956
22 years$7,411$5,855$4,580$3,553$2,736$1,708
23 years$7,014$5,476$4,229$3,236$2,456$1,493
24 years$6,650$5,131$3,911$2,951$2,208$1,307
25 years$6,316$4,815$3,623$2,695$1,987$1,145
26 years$6,009$4,525$3,360$2,464$1,789$1,003
27 years$5,724$4,259$3,120$2,256$1,613$880
28 years$5,461$4,013$2,900$2,067$1,456$772
29 years$5,215$3,786$2,699$1,895$1,314$678
30 years$4,987$3,575$2,514$1,739$1,188$595
31 years$4,774$3,380$2,344$1,597$1,074$523
32 years$4,575$3,198$2,187$1,468$971$460
33 years$4,388$3,029$2,042$1,350$879$404
34 years$4,212$2,870$1,908$1,242$796$356
35 years$4,047$2,722$1,784$1,143$721$313
36 years$3,891$2,584$1,669$1,053$653$275
37 years$3,744$2,454$1,562$970$592$242
38 years$3,605$2,332$1,462$894$537$213
39 years$3,474$2,218$1,370$825$487$188
40 years$3,350$2,110$1,284$761$441$165
41 years$3,231$2,009$1,204$702$400$145
42 years$3,119$1,913$1,130$648$363$128
43 years$3,013$1,823$1,060$598$330$113
44 years$2,911$1,737$995$552$299$99
45 years$2,814$1,657$934$510$272$87
46 years$2,722$1,580$877$471$247$77
47 years$2,634$1,508$824$435$224$68
48 years$2,550$1,440$775$402$203$60
49 years$2,469$1,375$728$372$185$53
50 years$2,392$1,313$685$343$168$46

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 $6,754 every year, while hoping to spend $27,619 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: 76/10/14 Blend
53$2,450,000$2,450,000$2,450,000$2,450,000
54$2,706,867$2,577,017$2,539,042$2,904,151
55$2,953,581$2,673,904$2,594,713$3,132,164
56$3,224,534$2,774,613$2,651,324$3,377,929
57$3,522,169$2,879,303$2,708,877$3,646,597
58$3,849,179$2,988,137$2,767,372$3,940,440
59$4,208,527$3,101,288$2,826,811$4,261,960
60$4,603,482$3,218,935$2,887,194$4,613,911
61$5,037,640$3,341,266$2,948,518$4,999,328
62$5,514,968$3,468,477$3,010,782$5,421,550
63$6,039,833$3,600,770$3,073,981$5,884,257
64$6,617,048$3,738,360$3,138,112$6,391,501
65$7,251,915$3,881,468$3,203,167$6,947,746
66$7,950,276$4,030,326$3,269,139$7,557,909
67$8,718,568$4,185,175$3,336,019$8,227,403
68$9,563,883$4,346,270$3,403,796$8,962,193
69$10,494,034$4,513,873$3,472,459$9,768,851
70$11,517,632$4,688,259$3,541,993$10,654,613
71$12,644,164$4,869,716$3,612,382$11,627,453
72$13,884,080$5,058,545$3,683,609$12,696,155
73$15,248,900$5,255,057$3,755,654$13,870,394
74$16,751,314$5,459,581$3,828,494$15,160,830
75$18,405,306$5,672,458$3,902,106$16,579,208
76$20,226,283$5,894,044$3,976,463$18,138,466
77$22,231,225$6,124,713$4,051,535$19,852,859
78$24,438,839$6,364,854$4,127,291$21,738,092
79$26,869,741$6,614,872$4,203,696$23,811,467
80$29,546,646$6,875,192$4,280,711$26,092,049
81$32,494,586$7,146,258$4,358,297$28,600,844
82$35,741,142$7,428,533$4,436,408$31,360,993
83$39,316,709$7,722,501$4,514,998$34,397,996
84$43,254,777$8,028,668$4,594,014$37,739,948
85$47,592,253$8,347,561$4,673,402$41,417,808
86$52,369,804$8,679,733$4,753,102$45,465,684
87$57,632,244$9,025,760$4,833,052$49,921,160
88$63,428,956$9,386,246$4,913,182$54,825,648
89$69,814,357$9,761,819$4,993,421$60,224,781
90$76,848,411$10,153,138$5,073,690$66,168,837
91$84,597,198$10,560,891$5,153,908$72,713,220
92$93,133,534$10,985,796$5,233,986$79,918,977
93$102,537,660$11,428,606$5,313,830$87,853,379
94$112,897,999$11,890,105$5,393,341$96,590,547
95$124,311,990$12,371,115$5,472,413$106,212,162
96$136,887,007$12,872,494$5,550,933$116,808,225
97$150,741,375$13,395,139$5,628,782$128,477,912
98$166,005,483$13,939,989$5,705,834$141,330,508
99$182,823,017$14,508,023$5,781,954$155,486,435
100$201,352,316$15,100,268$5,857,001$171,078,395