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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$202,319$200,517$198,758$197,042$195,366$192,845
2 years$100,158$98,292$96,485$94,732$93,032$90,495
3 years$66,109$64,235$62,432$60,696$59,023$56,550
4 years$49,087$47,220$45,434$43,728$42,096$39,705
5 years$38,877$37,021$35,259$33,587$32,001$29,700
6 years$32,073$30,230$28,495$26,860$25,321$23,113
7 years$27,214$25,387$23,679$22,083$20,593$18,477
8 years$23,572$21,762$20,082$18,525$17,084$15,061
9 years$20,741$18,947$17,296$15,779$14,387$12,457
10 years$18,477$16,701$15,079$13,602$12,258$10,419
11 years$16,626$14,868$13,276$11,838$10,543$8,792
12 years$15,085$13,345$11,782$10,383$9,136$7,472
13 years$13,782$12,060$10,526$9,167$7,967$6,388
14 years$12,666$10,962$9,458$8,137$6,984$5,487
15 years$11,699$10,014$8,539$7,257$6,149$4,733
16 years$10,854$9,188$7,742$6,498$5,434$4,096
17 years$10,110$8,462$7,045$5,838$4,819$3,555
18 years$9,449$7,819$6,431$5,261$4,284$3,092
19 years$8,858$7,246$5,887$4,754$3,819$2,696
20 years$8,327$6,734$5,403$4,306$3,411$2,355
21 years$7,847$6,272$4,970$3,908$3,052$2,060
22 years$7,411$5,855$4,580$3,553$2,736$1,804
23 years$7,014$5,476$4,229$3,236$2,456$1,582
24 years$6,650$5,131$3,911$2,951$2,208$1,389
25 years$6,316$4,815$3,623$2,695$1,987$1,220
26 years$6,009$4,525$3,360$2,464$1,789$1,073
27 years$5,724$4,259$3,120$2,256$1,613$944
28 years$5,461$4,013$2,900$2,067$1,456$831
29 years$5,215$3,786$2,699$1,895$1,314$732
30 years$4,987$3,575$2,514$1,739$1,188$645
31 years$4,774$3,380$2,344$1,597$1,074$569
32 years$4,575$3,198$2,187$1,468$971$501
33 years$4,388$3,029$2,042$1,350$879$442
34 years$4,212$2,870$1,908$1,242$796$390
35 years$4,047$2,722$1,784$1,143$721$344
36 years$3,891$2,584$1,669$1,053$653$304
37 years$3,744$2,454$1,562$970$592$269
38 years$3,605$2,332$1,462$894$537$237
39 years$3,474$2,218$1,370$825$487$209
40 years$3,350$2,110$1,284$761$441$185
41 years$3,231$2,009$1,204$702$400$163
42 years$3,119$1,913$1,130$648$363$144
43 years$3,013$1,823$1,060$598$330$128
44 years$2,911$1,737$995$552$299$113
45 years$2,814$1,657$934$510$272$100
46 years$2,722$1,580$877$471$247$88
47 years$2,634$1,508$824$435$224$78
48 years$2,550$1,440$775$402$203$69
49 years$2,469$1,375$728$372$185$61
50 years$2,392$1,313$685$343$168$54

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 $6,020 every year, while hoping to spend $48,516 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: 81/10/9 Blend
53$2,450,000$2,450,000$2,450,000$2,450,000
54$2,706,110$2,576,260$2,538,285$2,921,314
55$2,930,512$2,650,876$2,571,697$3,137,790
56$3,176,178$2,727,522$2,604,602$3,368,325
57$3,445,224$2,806,247$2,636,932$3,619,898
58$3,739,983$2,887,099$2,668,615$3,894,590
59$4,063,022$2,970,128$2,699,575$4,194,693
60$4,417,171$3,055,384$2,729,731$4,522,728
61$4,805,544$3,142,920$2,758,999$4,881,475
62$5,231,573$3,232,786$2,787,288$5,273,992
63$5,699,036$3,325,035$2,814,505$5,703,650
64$6,212,096$3,419,721$2,840,550$6,174,162
65$6,775,339$3,516,897$2,865,318$6,689,616
66$7,393,816$3,616,616$2,888,698$7,254,517
67$8,073,090$3,718,935$2,910,574$7,873,825
68$8,819,291$3,823,909$2,930,824$8,553,008
69$9,639,170$3,931,592$2,949,318$9,298,086
70$10,540,167$4,042,042$2,965,922$10,115,692
71$11,530,477$4,155,315$2,980,493$11,013,134
72$12,619,128$4,271,467$2,992,882$11,998,464
73$13,816,066$4,390,556$3,002,930$13,080,551
74$15,132,249$4,512,638$3,010,474$14,269,168
75$16,579,753$4,637,772$3,015,338$15,575,083
76$18,171,878$4,766,013$3,017,343$17,010,159
77$19,923,281$4,897,419$3,016,295$18,587,465
78$21,850,110$5,032,047$3,011,996$20,321,406
79$23,970,158$5,169,954$3,004,234$22,227,847
80$26,303,027$5,311,195$2,992,789$24,324,275
81$28,870,319$5,455,826$2,977,430$26,629,953
82$31,695,832$5,603,902$2,957,914$29,166,110
83$34,805,790$5,755,477$2,933,988$31,956,136
84$38,229,090$5,910,604$2,905,386$35,025,805
85$41,997,569$6,069,335$2,871,828$38,403,516
86$46,146,310$6,231,722$2,833,023$42,120,563
87$50,713,969$6,397,812$2,788,665$46,211,430
88$55,743,143$6,567,654$2,738,435$50,714,112
89$61,280,768$6,741,293$2,681,996$55,670,482
90$67,378,563$6,918,773$2,619,000$61,126,676
91$74,093,519$7,100,135$2,549,078$67,133,537
92$81,488,433$7,285,418$2,471,848$73,747,088
93$89,632,507$7,474,656$2,386,909$81,029,065
94$98,601,992$7,667,884$2,293,839$89,047,498
95$108,480,914$7,865,128$2,192,201$97,877,351
96$119,361,863$8,066,416$2,081,537$107,601,235
97$131,346,871$8,271,768$1,961,365$118,310,181
98$144,548,367$8,481,200$1,831,187$130,104,503
99$159,090,245$8,694,724$1,690,476$143,094,744
100$175,109,030$8,912,345$1,538,687$157,402,718