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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$205,622$203,790$202,003$200,259$198,556$195,106
2 years$101,793$99,897$98,060$96,278$94,551$91,086
3 years$67,188$65,284$63,451$61,687$59,987$56,615
4 years$49,889$47,991$46,176$44,442$42,783$39,531
5 years$39,512$37,625$35,835$34,135$32,523$29,400
6 years$32,596$30,724$28,960$27,298$25,734$22,743
7 years$27,659$25,802$24,066$22,444$20,929$18,071
8 years$23,957$22,117$20,410$18,827$17,363$14,637
9 years$21,079$19,257$17,579$16,037$14,622$12,027
10 years$18,779$16,974$15,326$13,824$12,458$9,992
11 years$16,898$15,111$13,492$12,031$10,715$8,374
12 years$15,331$13,563$11,974$10,553$9,285$7,067
13 years$14,007$12,257$10,698$9,316$8,097$5,998
14 years$12,872$11,141$9,612$8,270$7,098$5,115
15 years$11,890$10,178$8,679$7,375$6,249$4,378
16 years$11,032$9,338$7,868$6,604$5,523$3,760
17 years$10,275$8,600$7,160$5,934$4,897$3,238
18 years$9,603$7,946$6,536$5,347$4,354$2,794
19 years$9,002$7,365$5,984$4,832$3,881$2,417
20 years$8,463$6,844$5,491$4,376$3,467$2,094
21 years$7,975$6,375$5,051$3,972$3,102$1,816
22 years$7,532$5,950$4,655$3,611$2,781$1,577
23 years$7,129$5,565$4,298$3,289$2,496$1,372
24 years$6,759$5,214$3,975$2,999$2,244$1,194
25 years$6,420$4,893$3,682$2,739$2,019$1,040
26 years$6,107$4,599$3,415$2,505$1,819$906
27 years$5,818$4,328$3,171$2,293$1,640$790
28 years$5,550$4,078$2,948$2,100$1,479$690
29 years$5,301$3,848$2,743$1,926$1,336$602
30 years$5,069$3,634$2,555$1,768$1,207$526
31 years$4,852$3,435$2,382$1,624$1,091$459
32 years$4,649$3,250$2,223$1,492$987$401
33 years$4,459$3,078$2,075$1,372$893$351
34 years$4,281$2,917$1,939$1,262$809$307
35 years$4,113$2,767$1,813$1,162$733$268
36 years$3,955$2,626$1,696$1,070$664$235
37 years$3,805$2,494$1,587$986$602$205
38 years$3,664$2,370$1,486$909$545$179
39 years$3,531$2,254$1,393$838$495$157
40 years$3,404$2,145$1,305$773$449$137
41 years$3,284$2,041$1,224$713$407$120
42 years$3,170$1,944$1,148$658$369$105
43 years$3,062$1,852$1,077$608$335$92
44 years$2,958$1,766$1,011$561$304$81
45 years$2,860$1,684$950$518$276$71
46 years$2,766$1,606$892$479$251$62
47 years$2,677$1,533$838$442$228$54
48 years$2,591$1,463$787$409$207$47
49 years$2,509$1,397$740$378$188$41
50 years$2,431$1,335$696$349$171$36

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 $2,267 every year, while hoping to spend $21,903 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: 67/17/16 Blend
53$2,490,000$2,490,000$2,490,000$2,490,000
54$2,746,318$2,614,348$2,575,753$2,919,668
55$3,003,138$2,719,147$2,638,737$3,140,496
56$3,285,420$2,828,346$2,703,095$3,379,092
57$3,595,737$2,942,139$2,768,853$3,639,439
58$3,936,925$3,060,727$2,836,033$3,923,673
59$4,312,108$3,184,320$2,904,657$4,234,140
60$4,724,730$3,313,138$2,974,750$4,573,426
61$5,178,581$3,447,411$3,046,333$4,944,375
62$5,677,841$3,587,379$3,119,430$5,350,119
63$6,227,114$3,733,293$3,194,063$5,794,105
64$6,831,471$3,885,416$3,270,256$6,280,131
65$7,496,502$4,044,023$3,348,031$6,812,376
66$8,228,366$4,209,401$3,427,411$7,395,440
67$9,033,847$4,381,849$3,508,417$8,034,391
68$9,920,423$4,561,683$3,591,071$8,734,810
69$10,896,330$4,749,229$3,675,396$9,502,841
70$11,970,646$4,944,832$3,761,413$10,345,250
71$13,153,374$5,148,851$3,849,142$11,269,491
72$14,455,535$5,361,661$3,938,605$12,283,771
73$15,889,271$5,583,655$4,029,821$13,397,130
74$17,467,967$5,815,243$4,122,809$14,619,525
75$19,206,366$6,056,856$4,217,589$15,961,922
76$21,120,716$6,308,944$4,314,180$17,436,403
77$23,228,922$6,571,975$4,412,598$19,056,272
78$25,550,713$6,846,443$4,512,861$20,836,188
79$28,107,829$7,132,861$4,614,984$22,792,295
80$30,924,224$7,431,769$4,718,984$24,942,381
81$34,026,299$7,743,729$4,824,873$27,306,039
82$37,443,140$8,069,331$4,932,666$29,904,854
83$41,206,804$8,409,191$5,042,373$32,762,605
84$45,352,612$8,763,955$5,154,007$35,905,489
85$49,919,488$9,134,298$5,267,575$39,362,367
86$54,950,323$9,520,927$5,383,087$43,165,036
87$60,492,384$9,924,580$5,500,548$47,348,525
88$66,597,755$10,346,032$5,619,964$51,951,431
89$73,323,830$10,786,092$5,741,338$57,016,276
90$80,733,859$11,245,608$5,864,670$62,589,909
91$88,897,536$11,725,467$5,989,960$68,723,948
92$97,891,666$12,226,597$6,117,206$75,475,266
93$107,800,886$12,749,969$6,246,401$82,906,525
94$118,718,460$13,296,601$6,377,539$91,086,768
95$130,747,165$13,867,558$6,510,610$100,092,068
96$144,000,261$14,463,953$6,645,600$110,006,244
97$158,602,554$15,086,953$6,782,494$120,921,652
98$174,691,581$15,737,780$6,921,274$132,940,056
99$192,418,903$16,417,711$7,061,917$146,173,584
100$211,951,538$17,128,086$7,204,398$160,745,787