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%18.5%
1 years$205,622$203,790$202,003$200,259$198,556$191,740
2 years$101,793$99,897$98,060$96,278$94,551$87,753
3 years$67,188$65,284$63,451$61,687$59,987$53,421
4 years$49,889$47,991$46,176$44,442$42,783$36,499
5 years$39,512$37,625$35,835$34,135$32,523$26,538
6 years$32,596$30,724$28,960$27,298$25,734$20,053
7 years$27,659$25,802$24,066$22,444$20,929$15,550
8 years$23,957$22,117$20,410$18,827$17,363$12,282
9 years$21,079$19,257$17,579$16,037$14,622$9,833
10 years$18,779$16,974$15,326$13,824$12,458$7,954
11 years$16,898$15,111$13,492$12,031$10,715$6,485
12 years$15,331$13,563$11,974$10,553$9,285$5,321
13 years$14,007$12,257$10,698$9,316$8,097$4,387
14 years$12,872$11,141$9,612$8,270$7,098$3,632
15 years$11,890$10,178$8,679$7,375$6,249$3,017
16 years$11,032$9,338$7,868$6,604$5,523$2,513
17 years$10,275$8,600$7,160$5,934$4,897$2,097
18 years$9,603$7,946$6,536$5,347$4,354$1,754
19 years$9,002$7,365$5,984$4,832$3,881$1,468
20 years$8,463$6,844$5,491$4,376$3,467$1,231
21 years$7,975$6,375$5,051$3,972$3,102$1,033
22 years$7,532$5,950$4,655$3,611$2,781$868
23 years$7,129$5,565$4,298$3,289$2,496$730
24 years$6,759$5,214$3,975$2,999$2,244$614
25 years$6,420$4,893$3,682$2,739$2,019$517
26 years$6,107$4,599$3,415$2,505$1,819$435
27 years$5,818$4,328$3,171$2,293$1,640$366
28 years$5,550$4,078$2,948$2,100$1,479$309
29 years$5,301$3,848$2,743$1,926$1,336$260
30 years$5,069$3,634$2,555$1,768$1,207$219
31 years$4,852$3,435$2,382$1,624$1,091$185
32 years$4,649$3,250$2,223$1,492$987$156
33 years$4,459$3,078$2,075$1,372$893$131
34 years$4,281$2,917$1,939$1,262$809$111
35 years$4,113$2,767$1,813$1,162$733$94
36 years$3,955$2,626$1,696$1,070$664$79
37 years$3,805$2,494$1,587$986$602$67
38 years$3,664$2,370$1,486$909$545$56
39 years$3,531$2,254$1,393$838$495$47
40 years$3,404$2,145$1,305$773$449$40
41 years$3,284$2,041$1,224$713$407$34
42 years$3,170$1,944$1,148$658$369$28
43 years$3,062$1,852$1,077$608$335$24
44 years$2,958$1,766$1,011$561$304$20
45 years$2,860$1,684$950$518$276$17
46 years$2,766$1,606$892$479$251$14
47 years$2,677$1,533$838$442$228$12
48 years$2,591$1,463$787$409$207$10
49 years$2,509$1,397$740$378$188$9
50 years$2,431$1,335$696$349$171$7

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 $2,575 every year, while hoping to spend $38,976 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: 70/21/9 Blend
53$2,490,000$2,490,000$2,490,000$2,490,000
54$2,746,636$2,614,666$2,576,071$2,934,128
55$2,985,323$2,701,315$2,620,899$3,145,246
56$3,247,049$2,790,903$2,665,923$3,371,176
57$3,534,124$2,883,533$2,711,107$3,617,348
58$3,849,091$2,979,312$2,756,416$3,885,745
59$4,194,751$3,078,351$2,801,808$4,178,548
60$4,574,189$3,180,764$2,847,242$4,498,158
61$4,990,805$3,286,669$2,892,673$4,847,220
62$5,448,342$3,396,191$2,938,052$5,228,645
63$5,950,924$3,509,456$2,983,329$5,645,637
64$6,503,096$3,626,597$3,028,448$6,101,726
65$7,109,862$3,747,751$3,073,351$6,600,797
66$7,776,737$3,873,060$3,117,978$7,147,131
67$8,509,797$4,002,671$3,162,262$7,745,440
68$9,315,732$4,136,739$3,206,135$8,400,914
69$10,201,919$4,275,421$3,249,522$9,119,269
70$11,176,479$4,418,881$3,292,346$9,906,803
71$12,248,365$4,567,291$3,334,524$10,770,448
72$13,427,438$4,720,828$3,375,970$11,717,844
73$14,724,562$4,879,674$3,416,591$12,757,404
74$16,151,711$5,044,022$3,456,290$13,898,396
75$17,722,074$5,214,067$3,494,964$15,151,030
76$19,450,184$5,390,016$3,532,504$16,526,552
77$21,352,057$5,572,080$3,568,797$18,037,352
78$23,445,336$5,760,481$3,603,721$19,697,077
79$25,749,464$5,955,448$3,637,149$21,520,766
80$28,285,862$6,157,219$3,668,947$23,524,983
81$31,078,138$6,366,040$3,698,974$25,727,978
82$34,152,299$6,582,167$3,727,081$28,149,859
83$37,537,007$6,805,866$3,753,111$30,812,778
84$41,263,842$7,037,414$3,776,901$33,741,143
85$45,367,603$7,277,096$3,798,276$36,961,844
86$49,886,635$7,525,211$3,817,055$40,504,510
87$54,863,192$7,782,067$3,833,047$44,401,786
88$60,343,834$8,047,984$3,846,050$48,689,640
89$66,379,866$8,323,296$3,855,854$53,407,703
90$73,027,823$8,608,349$3,862,236$58,599,643
91$80,350,005$8,903,501$3,864,964$64,313,574
92$88,415,059$9,209,127$3,863,794$70,602,512
93$97,298,633$9,525,612$3,858,470$77,524,873
94$107,084,087$9,853,360$3,848,722$85,145,025
95$117,863,278$10,192,790$3,834,268$93,533,892
96$129,737,431$10,544,334$3,814,814$102,769,628
97$142,818,088$10,908,446$3,790,050$112,938,348
98$157,228,166$11,285,593$3,759,650$124,134,944
99$173,103,115$11,676,263$3,723,274$136,463,977
100$190,592,196$12,080,963$3,680,567$150,040,666