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

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$208,925$207,064$205,248$203,476$201,746$198,240
2 years$103,428$101,502$99,635$97,825$96,069$92,549
3 years$68,267$66,333$64,471$62,677$60,950$57,525
4 years$50,690$48,762$46,918$45,156$43,470$40,166
5 years$40,147$38,230$36,410$34,684$33,045$29,872
6 years$33,120$31,217$29,425$27,737$26,148$23,108
7 years$28,103$26,216$24,452$22,804$21,265$18,361
8 years$24,342$22,472$20,737$19,130$17,641$14,872
9 years$21,418$19,566$17,861$16,294$14,857$12,220
10 years$19,080$17,247$15,572$14,046$12,659$10,152
11 years$17,169$15,354$13,709$12,224$10,887$8,508
12 years$15,577$13,781$12,167$10,722$9,434$7,181
13 years$14,232$12,454$10,870$9,466$8,227$6,094
14 years$13,079$11,320$9,767$8,403$7,212$5,197
15 years$12,081$10,341$8,818$7,494$6,350$4,448
16 years$11,209$9,488$7,995$6,710$5,612$3,820
17 years$10,440$8,738$7,275$6,029$4,976$3,290
18 years$9,757$8,074$6,641$5,433$4,424$2,839
19 years$9,147$7,483$6,080$4,909$3,943$2,456
20 years$8,599$6,954$5,580$4,446$3,522$2,127
21 years$8,103$6,477$5,132$4,035$3,152$1,845
22 years$7,653$6,046$4,730$3,669$2,825$1,603
23 years$7,243$5,655$4,367$3,342$2,536$1,394
24 years$6,868$5,298$4,039$3,048$2,280$1,213
25 years$6,523$4,972$3,741$2,783$2,051$1,056
26 years$6,205$4,673$3,470$2,545$1,848$921
27 years$5,911$4,398$3,222$2,329$1,666$803
28 years$5,639$4,144$2,995$2,134$1,503$701
29 years$5,386$3,909$2,787$1,957$1,357$612
30 years$5,150$3,692$2,596$1,796$1,226$534
31 years$4,930$3,490$2,420$1,650$1,109$467
32 years$4,724$3,302$2,258$1,516$1,003$408
33 years$4,531$3,127$2,109$1,394$908$356
34 years$4,350$2,964$1,970$1,283$822$312
35 years$4,179$2,811$1,842$1,181$744$272
36 years$4,018$2,668$1,723$1,088$674$238
37 years$3,867$2,534$1,613$1,002$611$208
38 years$3,723$2,409$1,510$924$554$182
39 years$3,587$2,290$1,415$852$503$160
40 years$3,459$2,179$1,326$785$456$140
41 years$3,337$2,074$1,244$725$414$122
42 years$3,221$1,975$1,167$669$375$107
43 years$3,111$1,882$1,095$617$341$94
44 years$3,006$1,794$1,027$570$309$82
45 years$2,906$1,711$965$526$281$72
46 years$2,811$1,632$906$486$255$63
47 years$2,720$1,558$851$449$231$55
48 years$2,633$1,487$800$415$210$48
49 years$2,550$1,420$752$384$191$42
50 years$2,470$1,356$707$355$173$37

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 $4,183 every year, while hoping to spend $56,069 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: 77/16/7 Blend
53$2,530,000$2,530,000$2,530,000$2,530,000
54$2,792,375$2,658,285$2,619,070$3,004,702
55$3,017,540$2,728,884$2,647,152$3,215,320
56$3,263,793$2,801,063$2,674,295$3,438,521
57$3,533,225$2,874,840$2,700,409$3,681,589
58$3,828,140$2,950,234$2,725,399$3,946,475
59$4,151,074$3,027,259$2,749,163$4,235,328
60$4,504,820$3,105,930$2,771,597$4,550,511
61$4,892,453$3,186,263$2,792,587$4,894,630
62$5,317,362$3,268,268$2,812,017$5,270,552
63$5,783,276$3,351,956$2,829,763$5,681,436
64$6,294,305$3,437,337$2,845,695$6,130,761
65$6,854,975$3,524,417$2,859,676$6,622,359
66$7,470,270$3,613,202$2,871,564$7,160,451
67$8,145,683$3,703,694$2,881,206$7,749,686
68$8,887,261$3,795,894$2,888,445$8,395,185
69$9,701,668$3,889,798$2,893,114$9,102,591
70$10,596,243$3,985,404$2,895,039$9,878,117
71$11,579,073$4,082,701$2,894,035$10,728,610
72$12,659,065$4,181,680$2,889,912$11,661,614
73$13,846,032$4,282,325$2,882,466$12,685,440
74$15,150,785$4,384,617$2,871,487$13,809,241
75$16,585,236$4,488,534$2,856,753$15,043,106
76$18,162,507$4,594,049$2,838,030$16,398,148
77$19,897,055$4,701,130$2,815,077$17,886,613
78$21,804,809$4,809,739$2,787,636$19,521,993
79$23,903,319$4,919,836$2,755,441$21,319,152
80$26,211,921$5,031,371$2,718,212$23,294,471
81$28,751,920$5,144,292$2,675,655$25,465,997
82$31,546,790$5,258,536$2,627,464$27,853,618
83$34,622,395$5,374,037$2,573,317$30,479,246
84$38,007,234$5,490,719$2,512,877$33,367,026
85$41,732,707$5,608,499$2,445,794$36,543,563
86$45,833,413$5,727,286$2,371,698$40,038,176
87$50,347,476$5,846,978$2,290,205$43,883,169
88$55,316,904$5,967,466$2,200,912$48,114,140
89$60,787,985$6,088,628$2,103,399$52,770,316
90$66,811,721$6,210,332$1,997,225$57,894,921
91$73,444,314$6,332,437$1,881,930$63,535,589
92$80,747,693$6,454,784$1,757,033$69,744,806
93$88,790,096$6,577,207$1,622,032$76,580,413
94$97,646,717$6,699,522$1,476,401$84,106,146
95$107,400,415$6,821,531$1,319,593$92,392,241
96$118,142,492$6,943,021$1,151,035$101,516,096
97$129,973,560$7,063,762$970,128$111,563,002
98$143,004,483$7,183,507$776,247$122,626,947
99$157,357,429$7,301,987$568,740$134,811,502
100$173,167,020$7,418,918$346,926$148,230,804