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%11.6%
1 years$209,751$207,882$206,060$204,280$202,543$201,182
2 years$103,837$101,903$100,029$98,212$96,449$95,077
3 years$68,537$66,595$64,725$62,925$61,191$59,850
4 years$50,891$48,954$47,103$45,334$43,642$42,342
5 years$40,305$38,381$36,554$34,821$33,176$31,921
6 years$33,251$31,341$29,541$27,847$26,251$25,042
7 years$28,214$26,320$24,549$22,894$21,349$20,188
8 years$24,438$22,561$20,819$19,205$17,711$16,597
9 years$21,503$19,643$17,932$16,359$14,915$13,848
10 years$19,156$17,315$15,633$14,101$12,709$11,688
11 years$17,237$15,414$13,763$12,272$10,930$9,955
12 years$15,639$13,835$12,215$10,765$9,472$8,541
13 years$14,288$12,503$10,913$9,503$8,259$7,373
14 years$13,131$11,365$9,805$8,436$7,240$6,397
15 years$12,129$10,382$8,853$7,524$6,375$5,573
16 years$11,253$9,525$8,026$6,737$5,634$4,873
17 years$10,481$8,772$7,304$6,053$4,996$4,274
18 years$9,796$8,106$6,667$5,455$4,442$3,758
19 years$9,183$7,513$6,104$4,929$3,959$3,312
20 years$8,633$6,981$5,602$4,464$3,536$2,924
21 years$8,135$6,503$5,152$4,051$3,165$2,587
22 years$7,683$6,070$4,749$3,684$2,837$2,291
23 years$7,272$5,677$4,385$3,355$2,546$2,033
24 years$6,895$5,319$4,055$3,060$2,289$1,805
25 years$6,549$4,992$3,756$2,794$2,059$1,604
26 years$6,229$4,691$3,483$2,555$1,855$1,427
27 years$5,934$4,415$3,235$2,339$1,673$1,271
28 years$5,661$4,160$3,007$2,143$1,509$1,132
29 years$5,407$3,925$2,798$1,965$1,363$1,010
30 years$5,170$3,707$2,606$1,803$1,231$901
31 years$4,949$3,504$2,430$1,656$1,113$804
32 years$4,743$3,315$2,267$1,522$1,007$718
33 years$4,549$3,140$2,117$1,400$911$641
34 years$4,367$2,976$1,978$1,288$825$573
35 years$4,195$2,822$1,849$1,185$747$512
36 years$4,034$2,679$1,730$1,092$677$458
37 years$3,882$2,544$1,619$1,006$614$409
38 years$3,738$2,418$1,516$927$556$366
39 years$3,602$2,299$1,421$855$505$327
40 years$3,473$2,188$1,331$789$458$293
41 years$3,350$2,082$1,248$728$415$262
42 years$3,234$1,983$1,171$671$377$235
43 years$3,123$1,890$1,099$620$342$210
44 years$3,018$1,801$1,032$572$310$188
45 years$2,918$1,718$969$529$282$168
46 years$2,822$1,639$910$488$256$151
47 years$2,731$1,564$855$451$232$135
48 years$2,643$1,493$803$417$211$121
49 years$2,560$1,425$755$385$192$108
50 years$2,480$1,362$710$356$174$97

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 $4,340 every year, while hoping to spend $36,636 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: 48/26/26 Blend
53$2,540,000$2,540,000$2,540,000$2,540,000
54$2,803,557$2,668,937$2,629,567$2,917,171
55$3,050,539$2,760,734$2,678,677$3,089,108
56$3,321,486$2,855,802$2,728,204$3,271,751
57$3,618,802$2,954,261$2,778,124$3,469,377
58$3,945,139$3,056,239$2,828,410$3,683,414
59$4,303,414$3,161,866$2,879,033$3,915,433
60$4,696,843$3,271,278$2,929,961$4,167,166
61$5,128,969$3,384,618$2,981,162$4,440,514
62$5,603,692$3,502,032$3,032,599$4,737,573
63$6,125,311$3,623,674$3,084,234$5,060,647
64$6,698,561$3,749,703$3,136,025$5,412,274
65$7,328,660$3,880,284$3,187,927$5,795,247
66$8,021,355$4,015,589$3,239,894$6,212,640
67$8,782,977$4,155,798$3,291,875$6,667,837
68$9,620,503$4,301,094$3,343,815$7,164,566
69$10,541,620$4,451,673$3,395,658$7,706,929
70$11,554,795$4,607,734$3,447,342$8,299,443
71$12,669,358$4,769,488$3,498,802$8,947,085
72$13,895,590$4,937,150$3,549,970$9,655,332
73$15,244,817$5,110,948$3,600,771$10,430,218
74$16,729,520$5,291,115$3,651,128$11,278,388
75$18,363,449$5,477,898$3,700,958$12,207,160
76$20,161,755$5,671,550$3,750,175$13,224,594
77$22,141,134$5,872,335$3,798,686$14,339,570
78$24,319,980$6,080,530$3,846,392$15,561,865
79$26,718,562$6,296,420$3,893,190$16,902,253
80$29,359,215$6,520,304$3,938,972$18,372,599
81$32,266,549$6,752,493$3,983,621$19,985,974
82$35,467,680$6,993,308$4,027,016$21,756,779
83$38,992,490$7,243,087$4,069,027$23,700,876
84$42,873,904$7,502,179$4,109,520$25,835,740
85$47,148,205$7,770,947$4,148,351$28,180,625
86$51,855,370$8,049,773$4,185,370$30,756,741
87$57,039,455$8,339,049$4,220,417$33,587,455
88$62,749,004$8,639,187$4,253,325$36,698,514
89$69,037,510$8,950,614$4,283,919$40,118,282
90$75,963,919$9,273,778$4,312,014$43,878,013
91$83,593,186$9,609,140$4,337,414$48,012,138
92$91,996,889$9,957,185$4,359,914$52,558,596
93$101,253,900$10,318,416$4,379,300$57,559,189
94$111,451,137$10,693,358$4,395,346$63,059,973
95$122,684,376$11,082,555$4,407,813$69,111,697
96$135,059,160$11,486,578$4,416,452$75,770,276
97$148,691,792$11,906,018$4,421,001$83,097,322
98$163,710,436$12,341,494$4,421,186$91,160,724
99$180,256,323$12,793,649$4,416,718$100,035,284
100$198,485,083$13,263,154$4,407,293$109,803,427