Can I retire at age 54 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$205,622$203,790$202,003$200,259$198,556$194,150
2 years$101,793$99,897$98,060$96,278$94,551$90,135
3 years$67,188$65,284$63,451$61,687$59,987$55,699
4 years$49,889$47,991$46,176$44,442$42,783$38,656
5 years$39,512$37,625$35,835$34,135$32,523$28,568
6 years$32,596$30,724$28,960$27,298$25,734$21,956
7 years$27,659$25,802$24,066$22,444$20,929$17,328
8 years$23,957$22,117$20,410$18,827$17,363$13,938
9 years$21,079$19,257$17,579$16,037$14,622$11,370
10 years$18,779$16,974$15,326$13,824$12,458$9,377
11 years$16,898$15,111$13,492$12,031$10,715$7,799
12 years$15,331$13,563$11,974$10,553$9,285$6,531
13 years$14,007$12,257$10,698$9,316$8,097$5,499
14 years$12,872$11,141$9,612$8,270$7,098$4,651
15 years$11,890$10,178$8,679$7,375$6,249$3,949
16 years$11,032$9,338$7,868$6,604$5,523$3,362
17 years$10,275$8,600$7,160$5,934$4,897$2,871
18 years$9,603$7,946$6,536$5,347$4,354$2,456
19 years$9,002$7,365$5,984$4,832$3,881$2,105
20 years$8,463$6,844$5,491$4,376$3,467$1,807
21 years$7,975$6,375$5,051$3,972$3,102$1,554
22 years$7,532$5,950$4,655$3,611$2,781$1,337
23 years$7,129$5,565$4,298$3,289$2,496$1,152
24 years$6,759$5,214$3,975$2,999$2,244$993
25 years$6,420$4,893$3,682$2,739$2,019$857
26 years$6,107$4,599$3,415$2,505$1,819$739
27 years$5,818$4,328$3,171$2,293$1,640$639
28 years$5,550$4,078$2,948$2,100$1,479$552
29 years$5,301$3,848$2,743$1,926$1,336$477
30 years$5,069$3,634$2,555$1,768$1,207$413
31 years$4,852$3,435$2,382$1,624$1,091$357
32 years$4,649$3,250$2,223$1,492$987$309
33 years$4,459$3,078$2,075$1,372$893$267
34 years$4,281$2,917$1,939$1,262$809$231
35 years$4,113$2,767$1,813$1,162$733$200
36 years$3,955$2,626$1,696$1,070$664$173
37 years$3,805$2,494$1,587$986$602$150
38 years$3,664$2,370$1,486$909$545$130
39 years$3,531$2,254$1,393$838$495$113
40 years$3,404$2,145$1,305$773$449$97
41 years$3,284$2,041$1,224$713$407$84
42 years$3,170$1,944$1,148$658$369$73
43 years$3,062$1,852$1,077$608$335$63
44 years$2,958$1,766$1,011$561$304$55
45 years$2,860$1,684$950$518$276$48
46 years$2,766$1,606$892$479$251$41
47 years$2,677$1,533$838$442$228$36
48 years$2,591$1,463$787$409$207$31
49 years$2,509$1,397$740$378$188$27
50 years$2,431$1,335$696$349$171$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,490,000, adding $3,600 every year, while hoping to spend $24,155 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: 71/6/23 Blend
53$2,490,000$2,490,000$2,490,000$2,490,000
54$2,747,693$2,615,723$2,577,128$2,926,772
55$3,002,257$2,718,193$2,637,761$3,149,253
56$3,281,977$2,824,874$2,699,616$3,389,597
57$3,589,394$2,935,948$2,762,708$3,652,183
58$3,927,305$3,051,602$2,827,052$3,939,217
59$4,298,795$3,172,036$2,892,663$4,253,128
60$4,707,260$3,297,454$2,959,555$4,596,590
61$5,156,444$3,428,072$3,027,743$4,972,549
62$5,650,469$3,564,115$3,097,240$5,384,247
63$6,193,878$3,705,818$3,168,060$5,835,258
64$6,791,678$3,853,428$3,240,214$6,329,517
65$7,449,383$4,007,200$3,313,715$6,871,357
66$8,173,070$4,167,403$3,388,575$7,465,554
67$8,969,435$4,334,317$3,464,803$8,117,366
68$9,845,854$4,508,235$3,542,411$8,832,585
69$10,810,456$4,689,464$3,621,407$9,617,594
70$11,872,198$4,878,323$3,701,800$10,479,423
71$13,040,949$5,075,147$3,783,596$11,425,815
72$14,327,582$5,280,286$3,866,803$12,465,304
73$15,744,081$5,494,105$3,951,426$13,607,287
74$17,303,647$5,716,986$4,037,469$14,862,122
75$19,020,830$5,949,329$4,124,935$16,241,216
76$20,911,660$6,191,552$4,213,826$17,757,139
77$22,993,802$6,444,090$4,304,142$19,423,741
78$25,286,721$6,707,402$4,395,881$21,256,280
79$27,811,865$6,981,963$4,489,042$23,271,566
80$30,592,870$7,268,274$4,583,620$25,488,123
81$33,655,779$7,566,856$4,679,608$27,926,360
82$37,029,292$7,878,256$4,776,998$30,608,765
83$40,745,033$8,203,043$4,875,780$33,560,113
84$44,837,850$8,541,816$4,975,943$36,807,707
85$49,346,145$8,895,199$5,077,471$40,381,628
86$54,312,233$9,263,845$5,180,347$44,315,021
87$59,782,744$9,648,437$5,284,552$48,644,411
88$65,809,063$10,049,690$5,390,065$53,410,041
89$72,447,815$10,468,351$5,496,858$58,656,256
90$79,761,394$10,905,203$5,604,906$64,431,919
91$87,818,562$11,361,064$5,714,176$70,790,873
92$96,695,089$11,836,789$5,824,634$77,792,449
93$106,474,471$12,333,275$5,936,242$85,502,024
94$117,248,719$12,851,457$6,048,958$93,991,637
95$129,119,226$13,392,317$6,162,736$103,340,672
96$142,197,727$13,956,880$6,277,527$113,636,605
97$156,607,346$14,546,218$6,393,276$124,975,826
98$172,483,769$15,161,457$6,509,924$137,464,555
99$189,976,515$15,803,770$6,627,408$151,219,839
100$209,250,352$16,474,387$6,745,659$166,370,655