Can I retire at age 54 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$207,273$205,427$203,626$201,868$200,151$197,079
2 years$102,611$100,700$98,848$97,052$95,310$92,222
3 years$67,728$65,808$63,961$62,182$60,469$57,461
4 years$50,289$48,376$46,547$44,799$43,127$40,223
5 years$39,829$37,927$36,122$34,410$32,784$29,993
6 years$32,858$30,971$29,192$27,518$25,941$23,265
7 years$27,881$26,009$24,259$22,624$21,097$18,537
8 years$24,149$22,295$20,574$18,979$17,502$15,058
9 years$21,249$19,411$17,720$16,166$14,739$12,409
10 years$18,930$17,110$15,449$13,935$12,559$10,342
11 years$17,033$15,232$13,601$12,127$10,801$8,694
12 years$15,454$13,672$12,070$10,637$9,360$7,361
13 years$14,119$12,355$10,784$9,391$8,162$6,268
14 years$12,976$11,230$9,690$8,337$7,155$5,363
15 years$11,986$10,259$8,748$7,435$6,300$4,606
16 years$11,120$9,413$7,932$6,657$5,568$3,970
17 years$10,357$8,669$7,217$5,981$4,937$3,431
18 years$9,680$8,010$6,589$5,390$4,389$2,972
19 years$9,075$7,424$6,032$4,871$3,912$2,580
20 years$8,531$6,899$5,535$4,411$3,495$2,243
21 years$8,039$6,426$5,092$4,003$3,127$1,953
22 years$7,593$5,998$4,693$3,640$2,803$1,703
23 years$7,186$5,610$4,333$3,315$2,516$1,486
24 years$6,813$5,256$4,007$3,024$2,262$1,299
25 years$6,471$4,933$3,711$2,761$2,035$1,136
26 years$6,156$4,636$3,442$2,525$1,833$994
27 years$5,864$4,363$3,196$2,311$1,653$870
28 years$5,594$4,111$2,971$2,117$1,491$762
29 years$5,343$3,878$2,765$1,942$1,347$668
30 years$5,109$3,663$2,576$1,782$1,217$586
31 years$4,891$3,463$2,401$1,637$1,100$514
32 years$4,687$3,276$2,240$1,504$995$451
33 years$4,495$3,103$2,092$1,383$901$396
34 years$4,315$2,941$1,954$1,273$815$348
35 years$4,146$2,789$1,827$1,171$738$305
36 years$3,986$2,647$1,709$1,079$669$268
37 years$3,836$2,514$1,600$994$606$236
38 years$3,694$2,390$1,498$916$550$207
39 years$3,559$2,272$1,404$845$499$182
40 years$3,432$2,162$1,316$779$452$160
41 years$3,311$2,058$1,234$719$410$140
42 years$3,196$1,960$1,157$664$372$123
43 years$3,086$1,867$1,086$612$338$108
44 years$2,982$1,780$1,019$566$307$95
45 years$2,883$1,697$957$522$278$84
46 years$2,789$1,619$899$482$253$74
47 years$2,698$1,545$845$446$230$65
48 years$2,612$1,475$794$412$208$57
49 years$2,530$1,409$746$381$189$50
50 years$2,451$1,346$701$352$172$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,510,000, adding $2,399 every year, while hoping to spend $22,659 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: 67/12/21 Blend
53$2,510,000$2,510,000$2,510,000$2,510,000
54$2,768,495$2,635,465$2,596,560$2,939,186
55$3,026,772$2,740,493$2,659,435$3,158,910
56$3,310,634$2,849,909$2,723,658$3,396,270
57$3,622,667$2,963,903$2,789,249$3,655,305
58$3,965,719$3,082,674$2,856,229$3,938,148
59$4,342,930$3,206,432$2,924,619$4,247,147
60$4,757,755$3,335,394$2,994,441$4,584,887
61$5,214,007$3,469,789$3,065,715$4,954,214
62$5,715,881$3,609,854$3,138,461$5,358,262
63$6,268,002$3,755,838$3,212,702$5,800,481
64$6,875,467$3,908,003$3,288,456$6,284,671
65$7,543,889$4,066,619$3,365,744$6,815,017
66$8,279,455$4,231,973$3,444,585$7,396,124
67$9,088,980$4,404,360$3,524,999$8,033,069
68$9,979,975$4,584,093$3,607,006$8,731,439
69$10,960,715$4,771,496$3,690,623$9,497,388
70$12,040,318$4,966,909$3,775,869$10,337,698
71$13,228,831$5,170,688$3,862,761$11,259,833
72$14,537,325$5,383,206$3,951,317$12,272,019
73$15,977,999$5,604,849$4,041,553$13,383,316
74$17,564,294$5,836,026$4,133,484$14,603,702
75$19,311,023$6,077,162$4,227,127$15,944,171
76$21,234,505$6,328,702$4,322,494$17,416,831
77$23,352,727$6,591,110$4,419,599$19,035,024
78$25,685,504$6,864,873$4,518,455$20,813,446
79$28,254,675$7,150,502$4,619,073$22,768,286
80$31,084,302$7,448,527$4,721,462$24,917,381
81$34,200,903$7,759,507$4,825,633$27,280,380
82$37,633,696$8,084,023$4,931,593$29,878,934
83$41,414,879$8,422,687$5,039,347$32,736,893
84$45,579,934$8,776,135$5,148,902$35,880,536
85$50,167,957$9,145,035$5,260,260$39,338,814
86$55,222,032$9,530,086$5,373,423$43,143,627
87$60,789,638$9,932,018$5,488,390$47,330,121
88$66,923,090$10,351,596$5,605,161$51,937,020
89$73,680,041$10,789,620$5,723,729$57,006,991
90$81,124,020$11,246,927$5,844,090$62,587,045
91$89,325,038$11,724,394$5,966,234$68,728,980
92$98,360,239$12,222,937$6,090,151$75,489,870
93$108,314,639$12,743,516$6,215,826$82,932,602
94$119,281,919$13,287,136$6,343,243$91,126,469
95$131,365,317$13,854,847$6,472,384$100,147,823
96$144,678,595$14,447,751$6,603,225$110,080,794
97$159,347,119$15,066,998$6,735,740$121,018,084
98$175,509,039$15,713,795$6,869,901$133,061,839
99$193,316,593$16,389,402$7,005,675$146,324,616
100$212,937,545$17,095,142$7,143,024$160,930,439