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

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$203,145$201,335$199,570$197,846$196,164$195,091
2 years$100,567$98,694$96,878$95,118$93,411$92,329
3 years$66,378$64,497$62,687$60,943$59,264$58,205
4 years$49,288$47,412$45,620$43,906$42,268$41,241
5 years$39,036$37,172$35,403$33,724$32,131$31,140
6 years$32,204$30,354$28,611$26,970$25,424$24,469
7 years$27,325$25,491$23,776$22,173$20,677$19,758
8 years$23,668$21,850$20,164$18,600$17,153$16,272
9 years$20,825$19,025$17,367$15,843$14,446$13,600
10 years$18,552$16,769$15,141$13,657$12,308$11,499
11 years$16,694$14,929$13,330$11,886$10,586$9,812
12 years$15,146$13,399$11,830$10,426$9,173$8,435
13 years$13,838$12,109$10,569$9,204$7,999$7,295
14 years$12,717$11,007$9,496$8,170$7,012$6,341
15 years$11,747$10,055$8,574$7,287$6,174$5,536
16 years$10,899$9,225$7,774$6,524$5,457$4,850
17 years$10,151$8,496$7,074$5,862$4,838$4,263
18 years$9,487$7,851$6,457$5,283$4,302$3,756
19 years$8,894$7,276$5,911$4,774$3,834$3,317
20 years$8,361$6,761$5,425$4,323$3,425$2,936
21 years$7,879$6,298$4,990$3,924$3,065$2,602
22 years$7,441$5,879$4,599$3,568$2,747$2,311
23 years$7,043$5,498$4,247$3,249$2,466$2,054
24 years$6,678$5,152$3,927$2,963$2,217$1,828
25 years$6,342$4,834$3,637$2,706$1,995$1,629
26 years$6,033$4,544$3,374$2,474$1,797$1,453
27 years$5,748$4,276$3,133$2,265$1,620$1,296
28 years$5,483$4,029$2,912$2,075$1,462$1,158
29 years$5,237$3,801$2,710$1,903$1,320$1,035
30 years$5,007$3,590$2,524$1,746$1,193$925
31 years$4,793$3,394$2,353$1,604$1,078$828
32 years$4,593$3,211$2,196$1,474$975$741
33 years$4,405$3,041$2,050$1,356$883$664
34 years$4,229$2,882$1,916$1,247$799$594
35 years$4,063$2,734$1,791$1,148$724$533
36 years$3,907$2,595$1,675$1,057$656$477
37 years$3,760$2,464$1,568$974$594$428
38 years$3,620$2,342$1,468$898$539$384
39 years$3,488$2,227$1,376$828$489$344
40 years$3,363$2,119$1,290$764$443$309
41 years$3,245$2,017$1,209$705$402$277
42 years$3,132$1,921$1,134$650$365$249
43 years$3,025$1,830$1,064$600$331$223
44 years$2,923$1,744$999$554$301$200
45 years$2,826$1,664$938$512$273$180
46 years$2,733$1,587$881$473$248$161
47 years$2,645$1,514$828$437$225$145
48 years$2,560$1,446$778$404$204$130
49 years$2,479$1,381$731$373$186$117
50 years$2,402$1,319$687$345$169$105

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 $4,061 every year, while hoping to spend $56,996 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: 72/13/15 Blend
53$2,460,000$2,460,000$2,460,000$2,460,000
54$2,715,109$2,584,729$2,546,599$2,901,187
55$2,931,407$2,650,737$2,571,267$3,091,132
56$3,167,857$2,718,070$2,594,851$3,291,741
57$3,426,454$2,786,731$2,617,254$3,509,926
58$3,709,396$2,856,725$2,638,376$3,747,415
59$4,019,101$2,928,051$2,658,108$4,006,111
60$4,358,234$3,000,710$2,676,339$4,288,111
61$4,729,727$3,074,698$2,692,950$4,595,723
62$5,136,812$3,150,011$2,707,817$4,931,491
63$5,583,047$3,226,641$2,720,808$5,298,216
64$6,072,348$3,304,578$2,731,786$5,698,986
65$6,609,034$3,383,808$2,740,607$6,137,199
66$7,197,856$3,464,315$2,747,118$6,616,604
67$7,844,051$3,546,081$2,751,160$7,141,326
68$8,553,387$3,629,081$2,752,567$7,715,913
69$9,332,216$3,713,290$2,751,161$8,345,376
70$10,187,537$3,798,676$2,746,760$9,035,233
71$11,127,058$3,885,204$2,739,169$9,791,568
72$12,159,273$3,972,834$2,728,186$10,621,083
73$13,293,538$4,061,521$2,713,599$11,531,161
74$14,540,159$4,151,216$2,695,185$12,529,941
75$15,910,492$4,241,863$2,672,711$13,626,387
76$17,417,047$4,333,399$2,645,931$14,830,381
77$19,073,607$4,425,756$2,614,591$16,152,808
78$20,895,356$4,518,860$2,578,421$17,605,667
79$22,899,026$4,612,627$2,537,141$19,202,177
80$25,103,048$4,706,967$2,490,457$20,956,906
81$27,527,733$4,801,783$2,438,062$22,885,907
82$30,195,457$4,896,966$2,379,632$25,006,871
83$33,130,876$4,992,399$2,314,832$27,339,293
84$36,361,155$5,087,956$2,243,309$29,904,655
85$39,916,228$5,183,501$2,164,694$32,726,632
86$43,829,073$5,278,883$2,078,602$35,831,312
87$48,136,033$5,373,942$1,984,629$39,247,445
88$52,877,149$5,468,506$1,882,355$43,006,714
89$58,096,543$5,562,388$1,771,339$47,144,034
90$63,842,832$5,655,386$1,651,120$51,697,880
91$70,169,587$5,747,286$1,521,218$56,710,654
92$77,135,836$5,837,854$1,381,130$62,229,083
93$84,806,624$5,926,842$1,230,331$68,304,661
94$93,253,625$6,013,983$1,068,273$74,994,137
95$102,555,817$6,098,990$894,382$82,360,046
96$112,800,228$6,181,558$708,061$90,471,307
97$124,082,756$6,261,359$508,686$99,403,869
98$136,509,074$6,338,043$295,604$109,241,427
99$150,195,628$6,411,235$68,135$120,076,219
100$165,270,733$6,480,537$0$132,009,892