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%13.5%
1 years$208,925$207,064$205,248$203,476$201,746$198,813
2 years$103,428$101,502$99,635$97,825$96,069$93,121
3 years$68,267$66,333$64,471$62,677$60,950$58,078
4 years$50,690$48,762$46,918$45,156$43,470$40,696
5 years$40,147$38,230$36,410$34,684$33,045$30,377
6 years$33,120$31,217$29,425$27,737$26,148$23,588
7 years$28,103$26,216$24,452$22,804$21,265$18,816
8 years$24,342$22,472$20,737$19,130$17,641$15,302
9 years$21,418$19,566$17,861$16,294$14,857$12,626
10 years$19,080$17,247$15,572$14,046$12,659$10,534
11 years$17,169$15,354$13,709$12,224$10,887$8,868
12 years$15,577$13,781$12,167$10,722$9,434$7,517
13 years$14,232$12,454$10,870$9,466$8,227$6,410
14 years$13,079$11,320$9,767$8,403$7,212$5,491
15 years$12,081$10,341$8,818$7,494$6,350$4,723
16 years$11,209$9,488$7,995$6,710$5,612$4,076
17 years$10,440$8,738$7,275$6,029$4,976$3,528
18 years$9,757$8,074$6,641$5,433$4,424$3,060
19 years$9,147$7,483$6,080$4,909$3,943$2,660
20 years$8,599$6,954$5,580$4,446$3,522$2,316
21 years$8,103$6,477$5,132$4,035$3,152$2,020
22 years$7,653$6,046$4,730$3,669$2,825$1,764
23 years$7,243$5,655$4,367$3,342$2,536$1,542
24 years$6,868$5,298$4,039$3,048$2,280$1,350
25 years$6,523$4,972$3,741$2,783$2,051$1,182
26 years$6,205$4,673$3,470$2,545$1,848$1,036
27 years$5,911$4,398$3,222$2,329$1,666$909
28 years$5,639$4,144$2,995$2,134$1,503$797
29 years$5,386$3,909$2,787$1,957$1,357$700
30 years$5,150$3,692$2,596$1,796$1,226$615
31 years$4,930$3,490$2,420$1,650$1,109$540
32 years$4,724$3,302$2,258$1,516$1,003$475
33 years$4,531$3,127$2,109$1,394$908$417
34 years$4,350$2,964$1,970$1,283$822$367
35 years$4,179$2,811$1,842$1,181$744$323
36 years$4,018$2,668$1,723$1,088$674$284
37 years$3,867$2,534$1,613$1,002$611$250
38 years$3,723$2,409$1,510$924$554$220
39 years$3,587$2,290$1,415$852$503$194
40 years$3,459$2,179$1,326$785$456$170
41 years$3,337$2,074$1,244$725$414$150
42 years$3,221$1,975$1,167$669$375$132
43 years$3,111$1,882$1,095$617$341$116
44 years$3,006$1,794$1,027$570$309$102
45 years$2,906$1,711$965$526$281$90
46 years$2,811$1,632$906$486$255$79
47 years$2,720$1,558$851$449$231$70
48 years$2,633$1,487$800$415$210$62
49 years$2,550$1,420$752$384$191$54
50 years$2,470$1,356$707$355$173$48

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 $3,203 every year, while hoping to spend $21,700 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: 76/8/16 Blend
53$2,530,000$2,530,000$2,530,000$2,530,000
54$2,791,364$2,657,274$2,618,059$2,993,457
55$3,052,994$2,764,392$2,682,675$3,234,543
56$3,340,584$2,876,031$2,748,729$3,495,759
57$3,656,757$2,992,390$2,816,245$3,781,555
58$4,004,407$3,113,678$2,885,249$4,094,375
59$4,386,718$3,240,110$2,955,767$4,436,908
60$4,807,202$3,371,913$3,027,824$4,812,120
61$5,269,725$3,509,326$3,101,445$5,223,272
62$5,778,551$3,652,596$3,176,657$5,673,959
63$6,338,372$3,801,983$3,253,484$6,168,141
64$6,954,364$3,957,758$3,331,953$6,710,175
65$7,632,225$4,120,204$3,412,090$7,304,864
66$8,378,236$4,289,618$3,493,919$7,957,498
67$9,199,317$4,466,311$3,577,466$8,673,902
68$10,103,093$4,650,606$3,662,758$9,460,494
69$11,097,966$4,842,843$3,749,818$10,324,344
70$12,193,194$5,043,377$3,838,671$11,273,238
71$13,398,976$5,252,579$3,929,343$12,315,755
72$14,726,554$5,470,838$4,021,859$13,461,346
73$16,188,312$5,698,559$4,116,241$14,720,422
74$17,797,899$5,936,167$4,212,514$16,104,454
75$19,570,353$6,184,107$4,310,701$17,626,076
76$21,522,244$6,442,844$4,410,825$19,299,211
77$23,671,834$6,712,864$4,512,908$21,139,197
78$26,039,242$6,994,676$4,616,972$23,162,932
79$28,646,642$7,288,812$4,723,038$25,389,033
80$31,518,466$7,595,830$4,831,126$27,838,014
81$34,681,637$7,916,313$4,941,256$30,532,476
82$38,165,822$8,250,871$5,053,446$33,497,320
83$42,003,714$8,600,141$5,167,715$36,759,984
84$46,231,337$8,964,793$5,284,078$40,350,697
85$50,888,391$9,345,525$5,402,551$44,302,769
86$56,018,620$9,743,069$5,523,150$48,652,902
87$61,670,230$10,158,190$5,645,886$53,441,536
88$67,896,341$10,591,690$5,770,772$58,713,230
89$74,755,493$11,044,407$5,897,817$64,517,083
90$82,312,190$11,517,220$6,027,031$70,907,194
91$90,637,517$12,011,047$6,158,420$77,943,178
92$99,809,806$12,526,851$6,291,989$85,690,719
93$109,915,377$13,065,637$6,427,742$94,222,199
94$121,049,353$13,628,461$6,565,679$103,617,373
95$133,316,557$14,216,426$6,705,799$113,964,126
96$146,832,501$14,830,686$6,848,098$125,359,297
97$161,724,478$15,472,450$6,992,571$137,909,597
98$178,132,760$16,142,986$7,139,208$151,732,613
99$196,211,927$16,843,618$7,287,997$166,957,917
100$216,132,323$17,575,735$7,438,924$183,728,291