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%12.1%
1 years$205,622$203,790$202,003$200,259$198,556$196,810
2 years$101,793$99,897$98,060$96,278$94,551$92,791
3 years$67,188$65,284$63,451$61,687$59,987$58,269
4 years$49,889$47,991$46,176$44,442$42,783$41,119
5 years$39,512$37,625$35,835$34,135$32,523$30,918
6 years$32,596$30,724$28,960$27,298$25,734$24,191
7 years$27,659$25,802$24,066$22,444$20,929$19,447
8 years$23,957$22,117$20,410$18,827$17,363$15,943
9 years$21,079$19,257$17,579$16,037$14,622$13,264
10 years$18,779$16,974$15,326$13,824$12,458$11,161
11 years$16,898$15,111$13,492$12,031$10,715$9,477
12 years$15,331$13,563$11,974$10,553$9,285$8,106
13 years$14,007$12,257$10,698$9,316$8,097$6,975
14 years$12,872$11,141$9,612$8,270$7,098$6,031
15 years$11,890$10,178$8,679$7,375$6,249$5,237
16 years$11,032$9,338$7,868$6,604$5,523$4,563
17 years$10,275$8,600$7,160$5,934$4,897$3,988
18 years$9,603$7,946$6,536$5,347$4,354$3,495
19 years$9,002$7,365$5,984$4,832$3,881$3,069
20 years$8,463$6,844$5,491$4,376$3,467$2,700
21 years$7,975$6,375$5,051$3,972$3,102$2,379
22 years$7,532$5,950$4,655$3,611$2,781$2,100
23 years$7,129$5,565$4,298$3,289$2,496$1,856
24 years$6,759$5,214$3,975$2,999$2,244$1,642
25 years$6,420$4,893$3,682$2,739$2,019$1,454
26 years$6,107$4,599$3,415$2,505$1,819$1,288
27 years$5,818$4,328$3,171$2,293$1,640$1,142
28 years$5,550$4,078$2,948$2,100$1,479$1,014
29 years$5,301$3,848$2,743$1,926$1,336$900
30 years$5,069$3,634$2,555$1,768$1,207$800
31 years$4,852$3,435$2,382$1,624$1,091$711
32 years$4,649$3,250$2,223$1,492$987$632
33 years$4,459$3,078$2,075$1,372$893$562
34 years$4,281$2,917$1,939$1,262$809$500
35 years$4,113$2,767$1,813$1,162$733$445
36 years$3,955$2,626$1,696$1,070$664$396
37 years$3,805$2,494$1,587$986$602$353
38 years$3,664$2,370$1,486$909$545$314
39 years$3,531$2,254$1,393$838$495$280
40 years$3,404$2,145$1,305$773$449$250
41 years$3,284$2,041$1,224$713$407$222
42 years$3,170$1,944$1,148$658$369$198
43 years$3,062$1,852$1,077$608$335$177
44 years$2,958$1,766$1,011$561$304$157
45 years$2,860$1,684$950$518$276$140
46 years$2,766$1,606$892$479$251$125
47 years$2,677$1,533$838$442$228$112
48 years$2,591$1,463$787$409$207$99
49 years$2,509$1,397$740$378$188$89
50 years$2,431$1,335$696$349$171$79

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 $6,503 every year, while hoping to spend $22,935 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: 50/26/24 Blend
53$2,490,000$2,490,000$2,490,000$2,490,000
54$2,750,688$2,618,718$2,580,123$2,869,350
55$3,006,855$2,722,632$2,642,154$3,056,460
56$3,288,383$2,830,870$2,705,495$3,256,868
57$3,597,834$2,943,618$2,770,165$3,474,224
58$3,938,031$3,061,074$2,836,183$3,710,142
59$4,312,084$3,183,440$2,903,570$3,966,394
60$4,723,421$3,310,933$2,972,343$4,244,934
61$5,175,816$3,443,775$3,042,523$4,547,907
62$5,673,430$3,582,201$3,114,128$4,877,674
63$6,220,846$3,726,454$3,187,177$5,236,831
64$6,823,112$3,876,790$3,261,688$5,628,235
65$7,485,794$4,033,477$3,337,678$6,055,029
66$8,215,021$4,196,794$3,415,167$6,520,672
67$9,017,547$4,367,031$3,494,169$7,028,968
68$9,900,817$4,544,495$3,574,704$7,584,107
69$10,873,029$4,729,505$3,656,785$8,190,697
70$11,943,220$4,922,393$3,740,430$8,853,813
71$13,121,347$5,123,508$3,825,653$9,579,040
72$14,418,381$5,333,216$3,912,468$10,372,525
73$15,846,409$5,551,897$4,000,889$11,241,038
74$17,418,753$5,779,950$4,090,929$12,192,028
75$19,150,090$6,017,792$4,182,600$13,233,701
76$21,056,594$6,265,859$4,275,912$14,375,091
77$23,156,088$6,524,607$4,370,876$15,626,143
78$25,468,209$6,794,513$4,467,500$16,997,812
79$28,014,597$7,076,075$4,565,793$18,502,158
80$30,819,099$7,369,816$4,665,760$20,152,466
81$33,907,992$7,676,281$4,767,407$21,963,363
82$37,310,229$7,996,041$4,870,737$23,950,961
83$41,057,719$8,329,694$4,975,754$26,133,004
84$45,185,621$8,677,864$5,082,456$28,529,036
85$49,732,680$9,041,204$5,190,843$31,160,583
86$54,741,589$9,420,399$5,300,913$34,051,355
87$60,259,397$9,816,164$5,412,659$37,227,470
88$66,337,947$10,229,248$5,526,075$40,717,696
89$73,034,370$10,660,434$5,641,151$44,553,724
90$80,411,622$11,110,542$5,757,876$48,770,463
91$88,539,078$11,580,429$5,876,235$53,406,369
92$97,493,187$12,070,992$5,996,211$58,503,807
93$107,358,193$12,583,172$6,117,786$64,109,446
94$118,226,931$13,117,950$6,240,934$70,274,702
95$130,201,705$13,676,356$6,365,632$77,056,216
96$143,395,247$14,259,466$6,491,849$84,516,394
97$157,931,790$14,868,407$6,619,553$92,723,984
98$173,948,232$15,504,359$6,748,708$101,754,731
99$191,595,434$16,168,555$6,879,272$111,692,086
100$211,039,642$16,862,287$7,011,201$122,627,993