Can I retire at age 54 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$203,970$202,153$200,381$198,651$196,961$192,356
2 years$100,975$99,095$97,272$95,505$93,791$89,178
3 years$66,648$64,760$62,942$61,191$59,505$55,027
4 years$49,488$47,605$45,805$44,085$42,439$38,132
5 years$39,195$37,323$35,547$33,861$32,262$28,137
6 years$32,335$30,477$28,727$27,079$25,528$21,589
7 years$27,436$25,595$23,872$22,263$20,761$17,010
8 years$23,765$21,939$20,246$18,676$17,223$13,658
9 years$20,910$19,102$17,438$15,908$14,504$11,122
10 years$18,628$16,838$15,202$13,713$12,358$9,155
11 years$16,762$14,989$13,384$11,934$10,629$7,600
12 years$15,208$13,454$11,878$10,468$9,211$6,352
13 years$13,894$12,158$10,612$9,242$8,032$5,338
14 years$12,769$11,052$9,535$8,204$7,041$4,505
15 years$11,795$10,096$8,609$7,316$6,199$3,817
16 years$10,943$9,263$7,805$6,551$5,479$3,243
17 years$10,192$8,531$7,102$5,886$4,858$2,763
18 years$9,526$7,883$6,484$5,304$4,319$2,359
19 years$8,930$7,306$5,935$4,793$3,850$2,017
20 years$8,395$6,789$5,447$4,341$3,439$1,728
21 years$7,911$6,323$5,010$3,940$3,077$1,482
22 years$7,472$5,903$4,618$3,582$2,758$1,272
23 years$7,071$5,521$4,264$3,262$2,476$1,093
24 years$6,705$5,172$3,943$2,975$2,226$940
25 years$6,368$4,854$3,652$2,717$2,003$809
26 years$6,058$4,562$3,387$2,485$1,804$697
27 years$5,771$4,293$3,145$2,274$1,626$601
28 years$5,505$4,046$2,924$2,084$1,468$518
29 years$5,258$3,817$2,721$1,911$1,325$446
30 years$5,028$3,604$2,535$1,754$1,197$385
31 years$4,813$3,407$2,363$1,611$1,083$332
32 years$4,612$3,224$2,205$1,480$979$287
33 years$4,423$3,053$2,058$1,361$886$247
34 years$4,246$2,894$1,923$1,252$802$214
35 years$4,080$2,745$1,798$1,153$727$184
36 years$3,923$2,605$1,682$1,062$658$159
37 years$3,775$2,474$1,574$978$597$138
38 years$3,635$2,351$1,474$902$541$119
39 years$3,502$2,236$1,381$831$491$103
40 years$3,377$2,127$1,295$767$445$89
41 years$3,258$2,025$1,214$707$404$77
42 years$3,145$1,929$1,139$653$366$66
43 years$3,037$1,838$1,069$603$332$57
44 years$2,935$1,752$1,003$557$302$49
45 years$2,837$1,670$942$514$274$43
46 years$2,744$1,593$885$475$249$37
47 years$2,655$1,521$831$439$226$32
48 years$2,570$1,452$781$405$205$28
49 years$2,489$1,386$734$375$186$24
50 years$2,412$1,324$690$346$169$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,470,000, adding $3,784 every year, while hoping to spend $59,751 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: 39/46/15 Blend
53$2,470,000$2,470,000$2,470,000$2,470,000
54$2,725,843$2,594,933$2,556,648$2,819,753
55$2,940,305$2,658,510$2,578,721$2,950,569
56$3,174,638$2,723,200$2,599,531$3,085,858
57$3,430,809$2,788,994$2,618,973$3,230,856
58$3,710,978$2,855,881$2,636,935$3,386,471
59$4,017,526$2,923,848$2,653,300$3,553,701
60$4,353,075$2,992,878$2,667,947$3,733,646
61$4,720,511$3,062,952$2,680,747$3,927,518
62$5,123,014$3,134,047$2,691,562$4,136,651
63$5,564,084$3,206,138$2,700,252$4,362,515
64$6,047,577$3,279,195$2,706,667$4,606,731
65$6,577,738$3,353,184$2,710,648$4,871,082
66$7,159,245$3,428,068$2,712,033$5,157,535
67$7,797,249$3,503,804$2,710,647$5,468,257
68$8,497,424$3,580,346$2,706,309$5,805,636
69$9,266,020$3,657,641$2,698,829$6,172,304
70$10,109,921$3,735,633$2,688,007$6,571,160
71$11,036,711$3,814,257$2,673,633$7,005,401
72$12,054,745$3,893,444$2,655,489$7,478,552
73$13,173,224$3,973,119$2,633,344$7,994,494
74$14,402,290$4,053,198$2,606,957$8,557,508
75$15,753,109$4,133,591$2,576,076$9,172,311
76$17,237,989$4,214,199$2,540,437$9,844,106
77$18,870,485$4,294,916$2,499,763$10,578,622
78$20,665,534$4,375,627$2,453,765$11,382,180
79$22,639,591$4,456,205$2,402,138$12,261,745
80$24,810,786$4,536,516$2,344,567$13,224,993
81$27,199,095$4,616,414$2,280,719$14,280,389
82$29,826,526$4,695,741$2,210,246$15,437,262
83$32,717,328$4,774,329$2,132,786$16,705,896
84$35,898,220$4,851,996$2,047,959$18,097,628
85$39,398,640$4,928,545$1,955,367$19,624,954
86$43,251,025$5,003,768$1,854,595$21,301,650
87$47,491,116$5,077,439$1,745,211$23,142,901
88$52,158,294$5,149,317$1,626,759$25,165,445
89$57,295,950$5,219,144$1,498,766$27,387,735
90$62,951,899$5,286,644$1,360,737$29,830,110
91$69,178,826$5,351,522$1,212,154$32,514,990
92$76,034,782$5,413,463$1,052,478$35,467,090
93$83,583,738$5,472,131$881,143$38,713,653
94$91,896,179$5,527,165$697,561$42,284,709
95$101,049,776$5,578,183$501,117$46,213,358
96$111,130,117$5,624,777$291,167$50,536,089
97$122,231,509$5,666,512$67,042$55,293,121
98$134,457,877$5,702,925$0$60,528,785
99$147,923,735$5,733,523$0$66,319,498
100$162,755,272$5,757,781$0$72,704,815