Can I retire at age 54 with 2,520,000?

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 $2,520,000?

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 years$208,099$206,246$204,437$202,672$200,948$199,265
2 years$103,019$101,101$99,241$97,438$95,690$93,993
3 years$67,997$66,070$64,216$62,430$60,709$59,052
4 years$50,490$48,569$46,733$44,977$43,299$41,693
5 years$39,988$38,079$36,266$34,547$32,915$31,366
6 years$32,989$31,094$29,309$27,627$26,044$24,555
7 years$27,992$26,113$24,356$22,714$21,181$19,751
8 years$24,246$22,383$20,655$19,054$17,572$16,201
9 years$21,333$19,489$17,791$16,230$14,798$13,486
10 years$19,005$17,178$15,510$13,990$12,609$11,355
11 years$17,101$15,293$13,655$12,176$10,844$9,647
12 years$15,516$13,726$12,118$10,680$9,397$8,257
13 years$14,175$12,404$10,827$9,429$8,194$7,109
14 years$13,027$11,275$9,728$8,370$7,183$6,152
15 years$12,033$10,300$8,783$7,464$6,325$5,345
16 years$11,165$9,450$7,963$6,683$5,590$4,661
17 years$10,399$8,703$7,246$6,005$4,956$4,076
18 years$9,719$8,042$6,615$5,412$4,407$3,574
19 years$9,111$7,453$6,056$4,890$3,928$3,141
20 years$8,565$6,926$5,558$4,429$3,508$2,766
21 years$8,071$6,451$5,112$4,019$3,140$2,439
22 years$7,623$6,022$4,711$3,655$2,814$2,154
23 years$7,214$5,632$4,350$3,328$2,526$1,905
24 years$6,840$5,277$4,023$3,036$2,271$1,686
25 years$6,497$4,952$3,726$2,772$2,043$1,494
26 years$6,180$4,654$3,456$2,535$1,840$1,325
27 years$5,888$4,380$3,209$2,320$1,659$1,176
28 years$5,617$4,128$2,983$2,126$1,497$1,045
29 years$5,364$3,894$2,776$1,949$1,352$929
30 years$5,130$3,677$2,586$1,789$1,222$826
31 years$4,910$3,476$2,411$1,643$1,104$735
32 years$4,705$3,289$2,249$1,510$999$654
33 years$4,513$3,115$2,100$1,389$904$582
34 years$4,332$2,952$1,962$1,278$819$518
35 years$4,162$2,800$1,835$1,176$741$462
36 years$4,002$2,658$1,716$1,083$672$411
37 years$3,851$2,524$1,606$998$609$367
38 years$3,708$2,399$1,504$920$552$327
39 years$3,573$2,281$1,409$848$501$291
40 years$3,445$2,170$1,321$782$454$260
41 years$3,324$2,066$1,239$722$412$232
42 years$3,208$1,968$1,162$666$374$207
43 years$3,099$1,875$1,090$615$339$184
44 years$2,994$1,787$1,023$568$308$164
45 years$2,895$1,704$961$524$280$147
46 years$2,800$1,626$903$484$254$131
47 years$2,709$1,551$848$447$230$117
48 years$2,622$1,481$797$414$209$104
49 years$2,540$1,414$749$382$190$93
50 years$2,460$1,351$704$353$173$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,520,000, adding $4,258 every year, while hoping to spend $23,144 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: 44/32/24 Blend
53$2,520,000$2,520,000$2,520,000$2,520,000
54$2,781,432$2,647,872$2,608,812$2,884,287
55$3,040,513$2,752,993$2,671,582$3,062,757
56$3,325,245$2,862,489$2,735,680$3,253,525
57$3,638,219$2,976,550$2,801,124$3,459,856
58$3,982,291$3,095,375$2,867,935$3,683,205
59$4,360,607$3,219,170$2,936,134$3,925,173
60$4,776,634$3,348,154$3,005,739$4,187,519
61$5,234,189$3,482,552$3,076,769$4,472,173
62$5,737,480$3,622,602$3,149,245$4,781,262
63$6,291,144$3,768,550$3,223,186$5,117,120
64$6,900,287$3,920,655$3,298,609$5,482,316
65$7,570,537$4,079,188$3,375,533$5,879,674
66$8,308,095$4,244,431$3,453,976$6,312,300
67$9,119,792$4,416,680$3,533,957$6,783,610
68$10,013,158$4,596,244$3,615,491$7,297,362
69$10,996,486$4,783,446$3,698,596$7,857,691
70$12,078,916$4,978,623$3,783,287$8,469,145
71$13,270,518$5,182,129$3,869,580$9,136,731
72$14,582,390$5,394,332$3,957,490$9,865,957
73$16,026,759$5,615,619$4,047,031$10,662,884
74$17,617,097$5,846,394$4,138,216$11,534,184
75$19,368,252$6,087,078$4,231,057$12,487,201
76$21,296,583$6,338,114$4,325,566$13,530,019
77$23,420,115$6,599,962$4,421,753$14,671,534
78$25,758,713$6,873,107$4,519,628$15,921,545
79$28,334,265$7,158,052$4,619,199$17,290,835
80$31,170,890$7,455,327$4,720,472$18,791,279
81$34,295,167$7,765,484$4,823,454$20,435,951
82$37,736,382$8,089,101$4,928,149$22,239,247
83$41,526,810$8,426,784$5,034,558$24,217,020
84$45,702,013$8,779,164$5,142,684$26,386,726
85$50,301,179$9,146,904$5,252,525$28,767,588
86$55,367,494$9,530,697$5,364,079$31,380,779
87$60,948,544$9,931,267$5,477,342$34,249,615
88$67,096,769$10,349,372$5,592,306$37,399,775
89$73,869,953$10,785,806$5,708,962$40,859,542
90$81,331,776$11,241,398$5,827,300$44,660,070
91$89,552,409$11,717,018$5,947,306$48,835,670
92$98,609,176$12,213,574$6,068,963$53,424,137
93$108,587,291$12,732,017$6,192,251$58,467,105
94$119,580,652$13,273,344$6,317,149$64,010,431
95$131,692,736$13,838,595$6,443,631$70,104,633
96$145,037,571$14,428,862$6,571,669$76,805,359
97$159,740,812$15,045,285$6,701,229$84,173,913
98$175,940,930$15,689,059$6,832,275$92,277,830
99$193,790,517$16,361,435$6,964,768$101,191,506
100$213,457,726$17,063,721$7,098,664$110,996,905