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%12.5%
1 years$205,622$203,790$202,003$200,259$198,556$196,483
2 years$101,793$99,897$98,060$96,278$94,551$92,462
3 years$67,188$65,284$63,451$61,687$59,987$57,949
4 years$49,889$47,991$46,176$44,442$42,783$40,811
5 years$39,512$37,625$35,835$34,135$32,523$30,623
6 years$32,596$30,724$28,960$27,298$25,734$23,908
7 years$27,659$25,802$24,066$22,444$20,929$19,177
8 years$23,957$22,117$20,410$18,827$17,363$15,686
9 years$21,079$19,257$17,579$16,037$14,622$13,019
10 years$18,779$16,974$15,326$13,824$12,458$10,929
11 years$16,898$15,111$13,492$12,031$10,715$9,257
12 years$15,331$13,563$11,974$10,553$9,285$7,897
13 years$14,007$12,257$10,698$9,316$8,097$6,778
14 years$12,872$11,141$9,612$8,270$7,098$5,845
15 years$11,890$10,178$8,679$7,375$6,249$5,062
16 years$11,032$9,338$7,868$6,604$5,523$4,399
17 years$10,275$8,600$7,160$5,934$4,897$3,834
18 years$9,603$7,946$6,536$5,347$4,354$3,350
19 years$9,002$7,365$5,984$4,832$3,881$2,933
20 years$8,463$6,844$5,491$4,376$3,467$2,573
21 years$7,975$6,375$5,051$3,972$3,102$2,261
22 years$7,532$5,950$4,655$3,611$2,781$1,989
23 years$7,129$5,565$4,298$3,289$2,496$1,753
24 years$6,759$5,214$3,975$2,999$2,244$1,546
25 years$6,420$4,893$3,682$2,739$2,019$1,364
26 years$6,107$4,599$3,415$2,505$1,819$1,205
27 years$5,818$4,328$3,171$2,293$1,640$1,066
28 years$5,550$4,078$2,948$2,100$1,479$943
29 years$5,301$3,848$2,743$1,926$1,336$834
30 years$5,069$3,634$2,555$1,768$1,207$739
31 years$4,852$3,435$2,382$1,624$1,091$655
32 years$4,649$3,250$2,223$1,492$987$580
33 years$4,459$3,078$2,075$1,372$893$514
34 years$4,281$2,917$1,939$1,262$809$456
35 years$4,113$2,767$1,813$1,162$733$405
36 years$3,955$2,626$1,696$1,070$664$359
37 years$3,805$2,494$1,587$986$602$319
38 years$3,664$2,370$1,486$909$545$283
39 years$3,531$2,254$1,393$838$495$251
40 years$3,404$2,145$1,305$773$449$223
41 years$3,284$2,041$1,224$713$407$198
42 years$3,170$1,944$1,148$658$369$176
43 years$3,062$1,852$1,077$608$335$156
44 years$2,958$1,766$1,011$561$304$139
45 years$2,860$1,684$950$518$276$123
46 years$2,766$1,606$892$479$251$109
47 years$2,677$1,533$838$442$228$97
48 years$2,591$1,463$787$409$207$86
49 years$2,509$1,397$740$378$188$77
50 years$2,431$1,335$696$349$171$68

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 $3,392 every year, while hoping to spend $59,748 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: 57/17/26 Blend
53$2,490,000$2,490,000$2,490,000$2,490,000
54$2,747,479$2,615,509$2,576,914$2,884,405
55$2,964,150$2,680,097$2,599,669$3,043,179
56$3,200,920$2,745,848$2,621,184$3,209,561
57$3,459,774$2,812,755$2,641,354$3,389,665
58$3,742,901$2,880,810$2,660,069$3,584,833
59$4,052,709$2,950,002$2,677,214$3,796,547
60$4,391,850$3,020,317$2,692,666$4,026,437
61$4,763,246$3,091,739$2,706,297$4,276,301
62$5,170,111$3,164,249$2,717,972$4,548,119
63$5,615,989$3,237,824$2,727,551$4,844,074
64$6,104,781$3,312,438$2,734,884$5,166,573
65$6,640,781$3,388,060$2,739,816$5,518,266
66$7,228,723$3,464,658$2,742,182$5,902,077
67$7,873,819$3,542,191$2,741,811$6,321,226
68$8,581,808$3,620,619$2,738,522$6,779,263
69$9,359,016$3,699,893$2,732,125$7,280,102
70$10,212,408$3,779,960$2,722,424$7,828,055
71$11,149,657$3,860,761$2,709,208$8,427,876
72$12,179,216$3,942,233$2,692,261$9,084,806
73$13,310,398$4,024,304$2,671,353$9,804,619
74$14,553,460$4,106,896$2,646,246$10,593,682
75$15,919,705$4,189,926$2,616,687$11,459,010
76$17,421,584$4,273,301$2,582,415$12,408,339
77$19,072,813$4,356,921$2,543,153$13,450,193
78$20,888,506$4,440,676$2,498,615$14,593,968
79$22,885,313$4,524,448$2,448,498$15,850,022
80$25,081,579$4,608,110$2,392,486$17,229,770
81$27,497,516$4,691,523$2,330,250$18,745,795
82$30,155,393$4,774,539$2,261,444$20,411,966
83$33,079,747$4,856,995$2,185,707$22,243,571
84$36,297,614$4,938,720$2,102,660$24,257,459
85$39,838,780$5,019,527$2,011,909$26,472,202
86$43,736,068$5,099,216$1,913,040$28,908,270
87$48,025,641$5,177,573$1,805,622$31,588,225
88$52,747,349$5,254,366$1,689,203$34,536,937
89$57,945,099$5,329,350$1,563,311$37,781,813
90$63,667,270$5,402,260$1,427,453$41,353,066
91$69,967,174$5,472,813$1,281,116$45,283,993
92$76,903,553$5,540,707$1,123,760$49,611,294
93$84,541,133$5,605,620$954,823$54,375,419
94$92,951,239$5,667,206$773,721$59,620,951
95$102,212,464$5,725,097$579,838$65,397,027
96$112,411,409$5,778,901$372,538$71,757,804
97$123,643,506$5,828,200$151,150$78,762,972
98$136,013,909$5,872,548$0$86,478,319
99$149,638,495$5,911,470$0$94,999,960
100$164,644,950$5,944,460$0$104,430,481