Can I retire at age 54 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$204,796$202,972$201,192$199,455$197,759$193,766
2 years$101,384$99,496$97,666$95,892$94,171$90,166
3 years$66,918$65,022$63,196$61,439$59,746$55,853
4 years$49,688$47,798$45,991$44,263$42,611$38,861
5 years$39,353$37,474$35,691$33,998$32,392$28,795
6 years$32,465$30,600$28,843$27,189$25,631$22,191
7 years$27,548$25,698$23,969$22,353$20,845$17,563
8 years$23,861$22,028$20,328$18,752$17,293$14,168
9 years$20,995$19,179$17,508$15,972$14,563$11,593
10 years$18,703$16,906$15,264$13,768$12,408$9,590
11 years$16,830$15,050$13,438$11,983$10,672$8,002
12 years$15,270$13,508$11,926$10,510$9,248$6,723
13 years$13,950$12,207$10,655$9,279$8,064$5,679
14 years$12,821$11,096$9,574$8,237$7,069$4,820
15 years$11,842$10,137$8,644$7,346$6,224$4,106
16 years$10,987$9,300$7,837$6,577$5,501$3,509
17 years$10,234$8,565$7,131$5,910$4,878$3,006
18 years$9,564$7,915$6,510$5,326$4,337$2,582
19 years$8,966$7,335$5,959$4,812$3,866$2,221
20 years$8,429$6,816$5,469$4,359$3,453$1,914
21 years$7,943$6,349$5,031$3,956$3,090$1,652
22 years$7,502$5,927$4,637$3,597$2,770$1,427
23 years$7,100$5,543$4,281$3,275$2,486$1,234
24 years$6,732$5,193$3,959$2,987$2,235$1,068
25 years$6,394$4,874$3,667$2,728$2,011$925
26 years$6,082$4,581$3,401$2,495$1,811$802
27 years$5,794$4,311$3,158$2,283$1,633$695
28 years$5,527$4,062$2,936$2,092$1,474$603
29 years$5,279$3,832$2,732$1,918$1,331$524
30 years$5,048$3,619$2,545$1,761$1,202$455
31 years$4,832$3,421$2,373$1,617$1,087$395
32 years$4,631$3,237$2,214$1,486$983$343
33 years$4,441$3,066$2,067$1,367$890$298
34 years$4,264$2,905$1,931$1,257$806$259
35 years$4,096$2,756$1,805$1,157$730$225
36 years$3,939$2,616$1,689$1,066$661$196
37 years$3,790$2,484$1,581$982$599$170
38 years$3,650$2,361$1,480$905$543$148
39 years$3,517$2,245$1,387$835$493$129
40 years$3,391$2,136$1,300$770$447$112
41 years$3,271$2,033$1,219$710$405$97
42 years$3,157$1,936$1,143$656$368$85
43 years$3,049$1,845$1,073$605$334$74
44 years$2,947$1,759$1,007$559$303$64
45 years$2,849$1,677$946$516$275$56
46 years$2,755$1,600$888$477$250$49
47 years$2,666$1,527$834$440$227$42
48 years$2,581$1,457$784$407$206$37
49 years$2,499$1,392$737$376$187$32
50 years$2,421$1,330$693$348$170$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,480,000, adding $3,830 every year, while hoping to spend $51,141 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: 47/28/25 Blend
53$2,480,000$2,480,000$2,480,000$2,480,000
54$2,736,911$2,605,471$2,567,031$2,845,814
55$2,961,662$2,678,725$2,598,613$2,995,986
56$3,207,624$2,753,855$2,629,538$3,153,557
57$3,476,906$2,830,898$2,659,732$3,323,583
58$3,771,831$2,909,893$2,689,114$3,507,258
59$4,094,957$2,990,877$2,717,599$3,705,896
60$4,449,102$3,073,889$2,745,097$3,920,945
61$4,837,367$3,158,967$2,771,515$4,153,998
62$5,263,172$3,246,149$2,796,754$4,406,812
63$5,730,279$3,335,474$2,820,709$4,681,320
64$6,242,833$3,426,979$2,843,269$4,979,653
65$6,805,403$3,520,701$2,864,319$5,304,156
66$7,423,018$3,616,679$2,883,737$5,657,415
67$8,101,218$3,714,949$2,901,395$6,042,277
68$8,846,108$3,815,547$2,917,157$6,461,879
69$9,664,411$3,918,509$2,930,883$6,919,679
70$10,563,536$4,023,871$2,942,422$7,419,485
71$11,551,641$4,131,665$2,951,618$7,965,494
72$12,637,719$4,241,927$2,958,307$8,562,328
73$13,831,672$4,354,687$2,962,316$9,215,083
74$15,144,413$4,469,977$2,963,464$9,929,374
75$16,587,963$4,587,827$2,961,561$10,711,386
76$18,175,569$4,708,263$2,956,406$11,567,936
77$19,921,823$4,831,314$2,947,792$12,506,538
78$21,842,804$4,957,003$2,935,497$13,535,469
79$23,956,227$5,085,353$2,919,293$14,663,852
80$26,281,610$5,216,384$2,898,938$15,901,742
81$28,840,461$5,350,114$2,874,180$17,260,216
82$31,656,477$5,486,558$2,844,753$18,751,484
83$34,755,765$5,625,727$2,810,380$20,389,003
84$38,167,097$5,767,631$2,770,771$22,187,600
85$41,922,170$5,912,275$2,725,622$24,163,618
86$46,055,916$6,059,660$2,674,614$26,335,065
87$50,606,820$6,209,785$2,617,415$28,721,790
88$55,617,293$6,362,641$2,553,675$31,345,666
89$61,134,063$6,518,217$2,483,030$34,230,799
90$67,208,625$6,676,497$2,405,099$37,403,757
91$73,897,716$6,837,457$2,319,481$40,893,816
92$81,263,860$7,001,069$2,225,761$44,733,244
93$89,375,951$7,167,299$2,123,501$48,957,603
94$98,309,905$7,336,104$2,012,245$53,606,081
95$108,149,378$7,507,435$1,891,517$58,721,869
96$118,986,549$7,681,234$1,760,819$64,352,568
97$130,923,000$7,857,437$1,619,628$70,550,636
98$144,070,663$8,035,969$1,467,403$77,373,885
99$158,552,883$8,216,744$1,303,573$84,886,029
100$174,505,581$8,399,668$1,127,547$93,157,287