Can I retire at age 54 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$208,925$207,064$205,248$203,476$201,746$196,391
2 years$103,428$101,502$99,635$97,825$96,069$90,712
3 years$68,267$66,333$64,471$62,677$60,950$55,758
4 years$50,690$48,762$46,918$45,156$43,470$38,482
5 years$40,147$38,230$36,410$34,684$33,045$28,276
6 years$33,120$31,217$29,425$27,737$26,148$21,602
7 years$28,103$26,216$24,452$22,804$21,265$16,943
8 years$24,342$22,472$20,737$19,130$17,641$13,540
9 years$21,418$19,566$17,861$16,294$14,857$10,973
10 years$19,080$17,247$15,572$14,046$12,659$8,988
11 years$17,169$15,354$13,709$12,224$10,887$7,423
12 years$15,577$13,781$12,167$10,722$9,434$6,172
13 years$14,232$12,454$10,870$9,466$8,227$5,158
14 years$13,079$11,320$9,767$8,403$7,212$4,330
15 years$12,081$10,341$8,818$7,494$6,350$3,648
16 years$11,209$9,488$7,995$6,710$5,612$3,082
17 years$10,440$8,738$7,275$6,029$4,976$2,610
18 years$9,757$8,074$6,641$5,433$4,424$2,215
19 years$9,147$7,483$6,080$4,909$3,943$1,883
20 years$8,599$6,954$5,580$4,446$3,522$1,603
21 years$8,103$6,477$5,132$4,035$3,152$1,367
22 years$7,653$6,046$4,730$3,669$2,825$1,166
23 years$7,243$5,655$4,367$3,342$2,536$996
24 years$6,868$5,298$4,039$3,048$2,280$851
25 years$6,523$4,972$3,741$2,783$2,051$728
26 years$6,205$4,673$3,470$2,545$1,848$623
27 years$5,911$4,398$3,222$2,329$1,666$533
28 years$5,639$4,144$2,995$2,134$1,503$457
29 years$5,386$3,909$2,787$1,957$1,357$391
30 years$5,150$3,692$2,596$1,796$1,226$335
31 years$4,930$3,490$2,420$1,650$1,109$287
32 years$4,724$3,302$2,258$1,516$1,003$246
33 years$4,531$3,127$2,109$1,394$908$211
34 years$4,350$2,964$1,970$1,283$822$181
35 years$4,179$2,811$1,842$1,181$744$155
36 years$4,018$2,668$1,723$1,088$674$133
37 years$3,867$2,534$1,613$1,002$611$114
38 years$3,723$2,409$1,510$924$554$98
39 years$3,587$2,290$1,415$852$503$84
40 years$3,459$2,179$1,326$785$456$72
41 years$3,337$2,074$1,244$725$414$62
42 years$3,221$1,975$1,167$669$375$53
43 years$3,111$1,882$1,095$617$341$46
44 years$3,006$1,794$1,027$570$309$39
45 years$2,906$1,711$965$526$281$34
46 years$2,811$1,632$906$486$255$29
47 years$2,720$1,558$851$449$231$25
48 years$2,633$1,487$800$415$210$21
49 years$2,550$1,420$752$384$191$18
50 years$2,470$1,356$707$355$173$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,530,000, adding $6,172 every year, while hoping to spend $58,142 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: 52/39/9 Blend
53$2,530,000$2,530,000$2,530,000$2,530,000
54$2,794,426$2,660,336$2,621,121$2,933,013
55$3,017,595$2,728,830$2,647,066$3,096,461
56$3,261,579$2,798,732$2,671,932$3,267,330
57$3,528,438$2,870,048$2,695,620$3,451,782
58$3,820,444$2,942,786$2,718,029$3,651,111
59$4,140,096$3,016,949$2,739,049$3,866,741
60$4,490,147$3,092,540$2,758,568$4,100,241
61$4,873,626$3,169,559$2,776,465$4,353,335
62$5,293,874$3,248,005$2,792,614$4,627,925
63$5,754,566$3,327,874$2,806,883$4,926,105
64$6,259,751$3,409,159$2,819,133$5,250,177
65$6,813,888$3,491,851$2,829,217$5,602,682
66$7,421,891$3,575,938$2,836,982$5,986,414
67$8,089,169$3,661,404$2,842,266$6,404,454
68$8,821,681$3,748,230$2,844,899$6,860,192
69$9,625,994$3,836,394$2,844,704$7,357,365
70$10,509,339$3,925,871$2,841,495$7,900,090
71$11,479,681$4,016,629$2,835,075$8,492,901
72$12,545,798$4,108,633$2,825,240$9,140,795
73$13,717,357$4,201,844$2,811,773$9,849,274
74$15,005,010$4,296,216$2,794,450$10,624,404
75$16,420,491$4,391,700$2,773,033$11,472,866
76$17,976,727$4,488,240$2,747,276$12,402,024
77$19,687,961$4,585,772$2,716,918$13,419,988
78$21,569,886$4,684,228$2,681,688$14,535,699
79$23,639,791$4,783,531$2,641,301$15,759,005
80$25,916,724$4,883,598$2,595,458$17,100,762
81$28,421,673$4,984,338$2,543,849$18,572,928
82$31,177,762$5,085,649$2,486,147$20,188,686
83$34,210,470$5,187,422$2,422,009$21,962,558
84$37,547,870$5,289,538$2,351,079$23,910,550
85$41,220,896$5,391,868$2,272,982$26,050,301
86$45,263,629$5,494,271$2,187,329$28,401,247
87$49,713,623$5,596,595$2,093,709$30,984,809
88$54,612,261$5,698,676$1,991,696$33,824,592
89$60,005,136$5,800,336$1,880,843$36,946,612
90$65,942,491$5,901,383$1,760,682$40,379,538
91$72,479,686$6,001,612$1,630,726$44,154,963
92$79,677,724$6,100,801$1,490,465$48,307,706
93$87,603,823$6,198,711$1,339,367$52,876,141
94$96,332,051$6,295,086$1,176,874$57,902,555
95$105,944,027$6,389,652$1,002,406$63,433,552
96$116,529,686$6,482,114$815,355$69,520,493
97$128,188,133$6,572,156$615,088$76,219,981
98$141,028,573$6,659,442$400,944$83,594,396
99$155,171,343$6,743,610$172,231$91,712,485
100$170,749,048$6,824,275$0$100,650,012