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

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$207,273$205,427$203,626$201,868$200,151$197,568
2 years$102,611$100,700$98,848$97,052$95,310$92,711
3 years$67,728$65,808$63,961$62,182$60,469$57,935
4 years$50,289$48,376$46,547$44,799$43,127$40,678
5 years$39,829$37,927$36,122$34,410$32,784$30,427
6 years$32,858$30,971$29,192$27,518$25,941$23,679
7 years$27,881$26,009$24,259$22,624$21,097$18,930
8 years$24,149$22,295$20,574$18,979$17,502$15,430
9 years$21,249$19,411$17,720$16,166$14,739$12,762
10 years$18,930$17,110$15,449$13,935$12,559$10,674
11 years$17,033$15,232$13,601$12,127$10,801$9,007
12 years$15,454$13,672$12,070$10,637$9,360$7,655
13 years$14,119$12,355$10,784$9,391$8,162$6,545
14 years$12,976$11,230$9,690$8,337$7,155$5,622
15 years$11,986$10,259$8,748$7,435$6,300$4,849
16 years$11,120$9,413$7,932$6,657$5,568$4,196
17 years$10,357$8,669$7,217$5,981$4,937$3,642
18 years$9,680$8,010$6,589$5,390$4,389$3,168
19 years$9,075$7,424$6,032$4,871$3,912$2,762
20 years$8,531$6,899$5,535$4,411$3,495$2,412
21 years$8,039$6,426$5,092$4,003$3,127$2,110
22 years$7,593$5,998$4,693$3,640$2,803$1,848
23 years$7,186$5,610$4,333$3,315$2,516$1,621
24 years$6,813$5,256$4,007$3,024$2,262$1,423
25 years$6,471$4,933$3,711$2,761$2,035$1,250
26 years$6,156$4,636$3,442$2,525$1,833$1,099
27 years$5,864$4,363$3,196$2,311$1,653$967
28 years$5,594$4,111$2,971$2,117$1,491$851
29 years$5,343$3,878$2,765$1,942$1,347$750
30 years$5,109$3,663$2,576$1,782$1,217$661
31 years$4,891$3,463$2,401$1,637$1,100$583
32 years$4,687$3,276$2,240$1,504$995$514
33 years$4,495$3,103$2,092$1,383$901$453
34 years$4,315$2,941$1,954$1,273$815$400
35 years$4,146$2,789$1,827$1,171$738$353
36 years$3,986$2,647$1,709$1,079$669$312
37 years$3,836$2,514$1,600$994$606$275
38 years$3,694$2,390$1,498$916$550$243
39 years$3,559$2,272$1,404$845$499$215
40 years$3,432$2,162$1,316$779$452$190
41 years$3,311$2,058$1,234$719$410$167
42 years$3,196$1,960$1,157$664$372$148
43 years$3,086$1,867$1,086$612$338$131
44 years$2,982$1,780$1,019$566$307$115
45 years$2,883$1,697$957$522$278$102
46 years$2,789$1,619$899$482$253$90
47 years$2,698$1,545$845$446$230$80
48 years$2,612$1,475$794$412$208$70
49 years$2,530$1,409$746$381$189$62
50 years$2,451$1,346$701$352$172$55

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 $6,300 every year, while hoping to spend $29,069 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: 25/50/25 Blend
53$2,510,000$2,510,000$2,510,000$2,510,000
54$2,772,518$2,639,488$2,600,583$2,819,787
55$3,024,386$2,737,894$2,656,774$2,957,493
56$3,300,970$2,840,148$2,713,872$3,102,134
57$3,604,761$2,946,406$2,771,879$3,256,607
58$3,938,501$3,056,835$2,830,791$3,421,754
59$4,305,214$3,171,606$2,890,609$3,598,499
60$4,708,229$3,290,897$2,951,327$3,787,850
61$5,151,213$3,414,896$3,012,941$3,990,916
62$5,638,208$3,543,798$3,075,446$4,208,910
63$6,173,666$3,677,805$3,138,835$4,443,164
64$6,762,493$3,817,130$3,203,098$4,695,139
65$7,410,091$3,961,994$3,268,226$4,966,436
66$8,122,417$4,112,627$3,334,208$5,258,814
67$8,906,029$4,269,271$3,401,029$5,574,204
68$9,768,156$4,432,178$3,468,676$5,914,725
69$10,716,761$4,601,608$3,537,130$6,282,705
70$11,760,621$4,777,837$3,606,374$6,680,698
71$12,909,403$4,961,149$3,676,386$7,111,515
72$14,173,760$5,151,844$3,747,144$7,578,240
73$15,565,431$5,350,232$3,818,620$8,084,264
74$17,097,350$5,556,638$3,890,789$8,633,314
75$18,783,769$5,771,402$3,963,619$9,229,486
76$20,640,390$5,994,878$4,037,078$9,877,284
77$22,684,519$6,227,436$4,111,128$10,581,660
78$24,935,220$6,469,461$4,185,732$11,348,059
79$27,413,505$6,721,357$4,260,847$12,182,469
80$30,142,525$6,983,545$4,336,427$13,091,480
81$33,147,789$7,256,465$4,412,423$14,082,336
82$36,457,407$7,540,576$4,488,784$15,163,009
83$40,102,356$7,836,358$4,565,451$16,342,270
84$44,116,768$8,144,311$4,642,365$17,629,770
85$48,538,255$8,464,959$4,719,461$19,036,129
86$53,408,263$8,798,848$4,796,669$20,573,034
87$58,772,464$9,146,550$4,873,916$22,253,348
88$64,681,185$9,508,660$4,951,122$24,091,229
89$71,189,884$9,885,803$5,028,203$26,102,261
90$78,359,674$10,278,630$5,105,070$28,303,600
91$86,257,898$10,687,820$5,181,627$30,714,129
92$94,958,766$11,114,084$5,257,773$33,354,642
93$104,544,052$11,558,167$5,333,400$36,248,029
94$115,103,872$12,020,843$5,408,396$39,419,495
95$126,737,527$12,502,925$5,482,637$42,896,792
96$139,554,447$13,005,260$5,555,998$46,710,479
97$153,675,218$13,528,735$5,628,341$50,894,209
98$169,232,723$14,074,277$5,699,523$55,485,039
99$186,373,397$14,642,852$5,769,394$60,523,781
100$205,258,606$15,235,474$5,837,791$66,055,381