Can I retire at age 54 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$209,751$207,882$206,060$204,280$202,543$201,605
2 years$103,837$101,903$100,029$98,212$96,449$95,502
3 years$68,537$66,595$64,725$62,925$61,191$60,265
4 years$50,891$48,954$47,103$45,334$43,642$42,743
5 years$40,305$38,381$36,554$34,821$33,176$32,307
6 years$33,251$31,341$29,541$27,847$26,251$25,414
7 years$28,214$26,320$24,549$22,894$21,349$20,544
8 years$24,438$22,561$20,819$19,205$17,711$16,938
9 years$21,503$19,643$17,932$16,359$14,915$14,174
10 years$19,156$17,315$15,633$14,101$12,709$11,998
11 years$17,237$15,414$13,763$12,272$10,930$10,250
12 years$15,639$13,835$12,215$10,765$9,472$8,823
13 years$14,288$12,503$10,913$9,503$8,259$7,640
14 years$13,131$11,365$9,805$8,436$7,240$6,650
15 years$12,129$10,382$8,853$7,524$6,375$5,813
16 years$11,253$9,525$8,026$6,737$5,634$5,100
17 years$10,481$8,772$7,304$6,053$4,996$4,488
18 years$9,796$8,106$6,667$5,455$4,442$3,960
19 years$9,183$7,513$6,104$4,929$3,959$3,503
20 years$8,633$6,981$5,602$4,464$3,536$3,104
21 years$8,135$6,503$5,152$4,051$3,165$2,756
22 years$7,683$6,070$4,749$3,684$2,837$2,450
23 years$7,272$5,677$4,385$3,355$2,546$2,182
24 years$6,895$5,319$4,055$3,060$2,289$1,945
25 years$6,549$4,992$3,756$2,794$2,059$1,735
26 years$6,229$4,691$3,483$2,555$1,855$1,550
27 years$5,934$4,415$3,235$2,339$1,673$1,386
28 years$5,661$4,160$3,007$2,143$1,509$1,239
29 years$5,407$3,925$2,798$1,965$1,363$1,110
30 years$5,170$3,707$2,606$1,803$1,231$994
31 years$4,949$3,504$2,430$1,656$1,113$891
32 years$4,743$3,315$2,267$1,522$1,007$798
33 years$4,549$3,140$2,117$1,400$911$716
34 years$4,367$2,976$1,978$1,288$825$642
35 years$4,195$2,822$1,849$1,185$747$577
36 years$4,034$2,679$1,730$1,092$677$518
37 years$3,882$2,544$1,619$1,006$614$465
38 years$3,738$2,418$1,516$927$556$418
39 years$3,602$2,299$1,421$855$505$375
40 years$3,473$2,188$1,331$789$458$337
41 years$3,350$2,082$1,248$728$415$303
42 years$3,234$1,983$1,171$671$377$272
43 years$3,123$1,890$1,099$620$342$245
44 years$3,018$1,801$1,032$572$310$220
45 years$2,918$1,718$969$529$282$198
46 years$2,822$1,639$910$488$256$178
47 years$2,731$1,564$855$451$232$160
48 years$2,643$1,493$803$417$211$144
49 years$2,560$1,425$755$385$192$130
50 years$2,480$1,362$710$356$174$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,540,000, adding $4,618 every year, while hoping to spend $59,737 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: 69/20/11 Blend
53$2,540,000$2,540,000$2,540,000$2,540,000
54$2,803,843$2,669,223$2,629,853$2,990,565
55$3,026,276$2,736,456$2,654,394$3,182,323
56$3,269,394$2,804,980$2,677,754$3,384,386
57$3,535,245$2,874,797$2,699,832$3,603,864
58$3,826,083$2,945,905$2,720,519$3,842,460
59$4,144,389$3,018,300$2,739,702$4,102,047
60$4,492,895$3,091,975$2,757,261$4,384,688
61$4,874,611$3,166,923$2,773,070$4,692,654
62$5,292,851$3,243,131$2,786,997$5,028,450
63$5,751,263$3,320,586$2,798,903$5,394,829
64$6,253,868$3,399,271$2,808,642$5,794,830
65$6,805,091$3,479,164$2,816,060$6,231,796
66$7,409,810$3,560,242$2,820,997$6,709,412
67$8,073,393$3,642,476$2,823,283$7,231,737
68$8,801,757$3,725,835$2,822,741$7,803,241
69$9,601,417$3,810,283$2,819,184$8,428,851
70$10,479,552$3,895,777$2,812,417$9,113,994
71$11,444,069$3,982,273$2,802,236$9,864,650
72$12,503,679$4,069,718$2,788,425$10,687,407
73$13,667,976$4,158,057$2,770,759$11,589,525
74$14,947,532$4,247,224$2,749,003$12,579,002
75$16,353,995$4,337,152$2,722,908$13,664,650
76$17,900,193$4,427,764$2,692,216$14,856,182
77$19,600,264$4,518,975$2,656,657$16,164,297
78$21,469,780$4,610,695$2,615,944$17,600,787
79$23,525,902$4,702,823$2,569,782$19,178,644
80$25,787,533$4,795,250$2,517,859$20,912,185
81$28,275,503$4,887,859$2,459,850$22,817,187
82$31,012,762$4,980,522$2,395,412$24,911,035
83$34,024,596$5,073,100$2,324,191$27,212,888
84$37,338,866$5,165,443$2,245,812$29,743,855
85$40,986,270$5,257,389$2,159,886$32,527,203
86$45,000,632$5,348,764$2,066,005$35,588,567
87$49,419,223$5,439,380$1,963,743$38,956,200
88$54,283,109$5,529,034$1,852,653$42,661,234
89$59,637,540$5,617,510$1,732,271$46,737,980
90$65,532,375$5,704,575$1,602,108$51,224,245
91$72,022,555$5,789,977$1,461,657$56,161,696
92$79,168,619$5,873,449$1,310,386$61,596,249
93$87,037,275$5,954,704$1,147,740$67,578,502
94$95,702,026$6,033,435$973,139$74,164,220
95$105,243,872$6,109,312$785,978$81,414,853
96$115,752,063$6,181,984$585,624$89,398,121
97$127,324,949$6,251,077$371,418$98,188,655
98$140,070,904$6,316,190$142,671$107,868,698
99$154,109,349$6,376,896$0$118,528,884
100$169,571,879$6,432,740$0$130,281,001