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%17.2%
1 years$203,145$201,335$199,570$197,846$196,164$190,419
2 years$100,567$98,694$96,878$95,118$93,411$87,670
3 years$66,378$64,497$62,687$60,943$59,264$53,706
4 years$49,288$47,412$45,620$43,906$42,268$36,936
5 years$39,036$37,172$35,403$33,724$32,131$27,040
6 years$32,204$30,354$28,611$26,970$25,424$20,578
7 years$27,325$25,491$23,776$22,173$20,677$16,076
8 years$23,668$21,850$20,164$18,600$17,153$12,795
9 years$20,825$19,025$17,367$15,843$14,446$10,325
10 years$18,552$16,769$15,141$13,657$12,308$8,420
11 years$16,694$14,929$13,330$11,886$10,586$6,923
12 years$15,146$13,399$11,830$10,426$9,173$5,730
13 years$13,838$12,109$10,569$9,204$7,999$4,766
14 years$12,717$11,007$9,496$8,170$7,012$3,982
15 years$11,747$10,055$8,574$7,287$6,174$3,338
16 years$10,899$9,225$7,774$6,524$5,457$2,806
17 years$10,151$8,496$7,074$5,862$4,838$2,365
18 years$9,487$7,851$6,457$5,283$4,302$1,996
19 years$8,894$7,276$5,911$4,774$3,834$1,688
20 years$8,361$6,761$5,425$4,323$3,425$1,430
21 years$7,879$6,298$4,990$3,924$3,065$1,212
22 years$7,441$5,879$4,599$3,568$2,747$1,029
23 years$7,043$5,498$4,247$3,249$2,466$874
24 years$6,678$5,152$3,927$2,963$2,217$743
25 years$6,342$4,834$3,637$2,706$1,995$631
26 years$6,033$4,544$3,374$2,474$1,797$537
27 years$5,748$4,276$3,133$2,265$1,620$457
28 years$5,483$4,029$2,912$2,075$1,462$389
29 years$5,237$3,801$2,710$1,903$1,320$332
30 years$5,007$3,590$2,524$1,746$1,193$283
31 years$4,793$3,394$2,353$1,604$1,078$241
32 years$4,593$3,211$2,196$1,474$975$205
33 years$4,405$3,041$2,050$1,356$883$175
34 years$4,229$2,882$1,916$1,247$799$149
35 years$4,063$2,734$1,791$1,148$724$127
36 years$3,907$2,595$1,675$1,057$656$108
37 years$3,760$2,464$1,568$974$594$92
38 years$3,620$2,342$1,468$898$539$79
39 years$3,488$2,227$1,376$828$489$67
40 years$3,363$2,119$1,290$764$443$57
41 years$3,245$2,017$1,209$705$402$49
42 years$3,132$1,921$1,134$650$365$42
43 years$3,025$1,830$1,064$600$331$36
44 years$2,923$1,744$999$554$301$30
45 years$2,826$1,664$938$512$273$26
46 years$2,733$1,587$881$473$248$22
47 years$2,645$1,514$828$437$225$19
48 years$2,560$1,446$778$404$204$16
49 years$2,479$1,381$731$373$186$14
50 years$2,402$1,319$687$345$169$12

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 $4,270 every year, while hoping to spend $45,602 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: 66/22/12 Blend
53$2,460,000$2,460,000$2,460,000$2,460,000
54$2,715,325$2,584,945$2,546,815$2,886,958
55$2,943,767$2,663,087$2,583,613$3,080,052
56$3,193,983$2,743,529$2,620,115$3,285,256
57$3,468,144$2,826,337$2,656,264$3,508,382
58$3,768,644$2,911,576$2,691,997$3,751,178
59$4,098,117$2,999,315$2,727,251$4,015,569
60$4,459,466$3,089,622$2,761,955$4,303,672
61$4,855,888$3,182,570$2,796,036$4,617,821
62$5,290,903$3,278,231$2,829,419$4,960,585
63$5,768,392$3,376,681$2,862,021$5,334,792
64$6,292,625$3,477,996$2,893,756$5,743,555
65$6,868,310$3,582,255$2,924,534$6,190,306
66$7,500,631$3,689,538$2,954,259$6,678,822
67$8,195,298$3,799,929$2,982,830$7,213,264
68$8,958,604$3,913,511$3,010,140$7,798,213
69$9,797,480$4,030,372$3,036,078$8,438,718
70$10,719,562$4,150,599$3,060,526$9,140,338
71$11,733,263$4,274,283$3,083,358$9,909,198
72$12,847,850$4,401,518$3,104,446$10,752,045
73$14,073,537$4,532,398$3,123,650$11,676,310
74$15,421,572$4,667,019$3,140,826$12,690,180
75$16,904,351$4,805,482$3,155,823$13,802,676
76$18,535,532$4,947,888$3,168,481$15,023,734
77$20,330,162$5,094,340$3,178,630$16,364,302
78$22,304,820$5,244,945$3,186,096$17,836,441
79$24,477,775$5,399,810$3,190,693$19,453,441
80$26,869,153$5,559,046$3,192,227$21,229,941
81$29,501,134$5,722,766$3,190,494$23,182,074
82$32,398,153$5,891,085$3,185,279$25,327,613
83$35,587,137$6,064,121$3,176,358$27,686,142
84$39,097,755$6,241,993$3,163,496$30,279,238
85$42,962,700$6,424,824$3,146,447$33,130,677
86$47,217,993$6,612,739$3,124,951$36,266,656
87$51,903,329$6,805,864$3,098,737$39,716,041
88$57,062,446$7,004,328$3,067,522$43,510,639
89$62,743,539$7,208,264$3,031,008$47,685,497
90$68,999,717$7,417,806$2,988,884$52,279,235
91$75,889,500$7,633,090$2,940,823$57,334,406
92$83,477,372$7,854,255$2,886,484$62,897,902
93$91,834,393$8,081,442$2,825,509$69,021,393
94$101,038,863$8,314,794$2,757,526$75,761,818
95$111,177,065$8,554,458$2,682,142$83,181,917
96$122,344,080$8,800,581$2,598,948$91,350,827
97$134,644,680$9,053,312$2,507,516$100,344,732
98$148,194,318$9,312,805$2,407,398$110,247,586
99$163,120,219$9,579,214$2,298,127$121,151,899
100$179,562,580$9,852,694$2,179,213$133,159,614