Can I retire at age 54 with 2,460,000?

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 $2,460,000?

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$203,145$201,335$199,570$197,846$196,164$192,914
2 years$100,567$98,694$96,878$95,118$93,411$90,147
3 years$66,378$64,497$62,687$60,943$59,264$56,086
4 years$49,288$47,412$45,620$43,906$42,268$39,201
5 years$39,036$37,172$35,403$33,724$32,131$29,185
6 years$32,204$30,354$28,611$26,970$25,424$22,601
7 years$27,325$25,491$23,776$22,173$20,677$17,978
8 years$23,668$21,850$20,164$18,600$17,153$14,579
9 years$20,825$19,025$17,367$15,843$14,446$11,993
10 years$18,552$16,769$15,141$13,657$12,308$9,976
11 years$16,694$14,929$13,330$11,886$10,586$8,371
12 years$15,146$13,399$11,830$10,426$9,173$7,074
13 years$13,838$12,109$10,569$9,204$7,999$6,012
14 years$12,717$11,007$9,496$8,170$7,012$5,133
15 years$11,747$10,055$8,574$7,287$6,174$4,400
16 years$10,899$9,225$7,774$6,524$5,457$3,784
17 years$10,151$8,496$7,074$5,862$4,838$3,263
18 years$9,487$7,851$6,457$5,283$4,302$2,821
19 years$8,894$7,276$5,911$4,774$3,834$2,443
20 years$8,361$6,761$5,425$4,323$3,425$2,119
21 years$7,879$6,298$4,990$3,924$3,065$1,841
22 years$7,441$5,879$4,599$3,568$2,747$1,602
23 years$7,043$5,498$4,247$3,249$2,466$1,395
24 years$6,678$5,152$3,927$2,963$2,217$1,216
25 years$6,342$4,834$3,637$2,706$1,995$1,061
26 years$6,033$4,544$3,374$2,474$1,797$926
27 years$5,748$4,276$3,133$2,265$1,620$809
28 years$5,483$4,029$2,912$2,075$1,462$707
29 years$5,237$3,801$2,710$1,903$1,320$618
30 years$5,007$3,590$2,524$1,746$1,193$541
31 years$4,793$3,394$2,353$1,604$1,078$473
32 years$4,593$3,211$2,196$1,474$975$414
33 years$4,405$3,041$2,050$1,356$883$363
34 years$4,229$2,882$1,916$1,247$799$318
35 years$4,063$2,734$1,791$1,148$724$278
36 years$3,907$2,595$1,675$1,057$656$244
37 years$3,760$2,464$1,568$974$594$214
38 years$3,620$2,342$1,468$898$539$187
39 years$3,488$2,227$1,376$828$489$164
40 years$3,363$2,119$1,290$764$443$144
41 years$3,245$2,017$1,209$705$402$126
42 years$3,132$1,921$1,134$650$365$110
43 years$3,025$1,830$1,064$600$331$97
44 years$2,923$1,744$999$554$301$85
45 years$2,826$1,664$938$512$273$74
46 years$2,733$1,587$881$473$248$65
47 years$2,645$1,514$828$437$225$57
48 years$2,560$1,446$778$404$204$50
49 years$2,479$1,381$731$373$186$44
50 years$2,402$1,319$687$345$169$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,460,000, adding $5,245 every year, while hoping to spend $40,442 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: 75/7/18 Blend
53$2,460,000$2,460,000$2,460,000$2,460,000
54$2,716,330$2,585,950$2,547,820$2,908,439
55$2,950,366$2,669,632$2,590,142$3,120,052
56$3,206,918$2,756,058$2,632,527$3,346,439
57$3,488,240$2,845,322$2,674,933$3,593,516
58$3,796,815$2,937,517$2,717,317$3,863,331
59$4,135,376$3,032,742$2,759,634$4,158,145
60$4,506,937$3,131,098$2,801,834$4,480,444
61$4,914,814$3,232,691$2,843,865$4,832,970
62$5,362,662$3,337,630$2,885,671$5,218,739
63$5,854,506$3,446,026$2,927,193$5,641,077
64$6,394,781$3,557,997$2,968,370$6,103,646
65$6,988,372$3,673,663$3,009,134$6,610,479
66$7,640,661$3,793,147$3,049,415$7,166,023
67$8,357,577$3,916,580$3,089,139$7,775,171
68$9,145,652$4,044,095$3,128,228$8,443,320
69$10,012,083$4,175,829$3,166,597$9,176,410
70$10,964,796$4,311,926$3,204,159$9,980,989
71$12,012,528$4,452,533$3,240,821$10,864,270
72$13,164,903$4,597,804$3,276,485$11,834,200
73$14,432,523$4,747,897$3,311,048$12,899,537
74$15,827,072$4,902,975$3,344,399$14,069,927
75$17,361,421$5,063,209$3,376,424$15,356,000
76$19,049,753$5,228,773$3,407,002$16,769,469
77$20,907,696$5,399,851$3,436,005$18,323,240
78$22,952,467$5,576,630$3,463,297$20,031,532
79$25,203,039$5,759,304$3,488,737$21,910,013
80$27,680,315$5,948,077$3,512,176$23,975,950
81$30,407,331$6,143,156$3,533,458$26,248,365
82$33,409,466$6,344,759$3,552,416$28,748,221
83$36,714,688$6,553,108$3,568,878$31,498,618
84$40,353,812$6,768,436$3,582,662$34,525,007
85$44,360,795$6,990,984$3,593,575$37,855,437
86$48,773,054$7,220,999$3,601,417$41,520,813
87$53,631,817$7,458,740$3,605,977$45,555,191
88$58,982,518$7,704,474$3,607,033$49,996,100
89$64,875,219$7,958,477$3,604,352$54,884,894
90$71,365,084$8,221,035$3,597,690$60,267,142
91$78,512,902$8,492,445$3,586,792$66,193,061
92$86,385,657$8,773,015$3,571,389$72,717,986
93$95,057,164$9,063,062$3,551,201$79,902,896
94$104,608,759$9,362,917$3,525,931$87,814,986
95$115,130,074$9,672,921$3,495,271$96,528,303
96$126,719,877$9,993,429$3,458,897$106,124,446
97$139,487,005$10,324,808$3,416,471$116,693,334
98$153,551,394$10,667,438$3,367,637$128,334,054
99$169,045,207$11,021,713$3,312,024$141,155,802
100$186,114,083$11,388,042$3,249,242$155,278,904