Can I retire at age 54 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$210,577$208,701$206,871$205,085$203,341$201,301
2 years$104,246$102,304$100,423$98,598$96,829$94,774
3 years$68,807$66,857$64,980$63,173$61,432$59,427
4 years$51,091$49,147$47,289$45,513$43,814$41,873
5 years$40,464$38,532$36,698$34,958$33,307$31,436
6 years$33,382$31,464$29,658$27,956$26,354$24,556
7 years$28,325$26,424$24,646$22,984$21,433$19,708
8 years$24,534$22,650$20,901$19,281$17,781$16,129
9 years$21,587$19,721$18,002$16,423$14,974$13,395
10 years$19,231$17,383$15,695$14,157$12,759$11,251
11 years$17,305$15,475$13,818$12,321$10,973$9,536
12 years$15,701$13,889$12,263$10,807$9,509$8,141
13 years$14,344$12,552$10,956$9,541$8,292$6,991
14 years$13,183$11,409$9,844$8,469$7,269$6,033
15 years$12,177$10,423$8,888$7,553$6,400$5,228
16 years$11,297$9,563$8,058$6,763$5,656$4,546
17 years$10,522$8,807$7,332$6,077$5,015$3,965
18 years$9,834$8,138$6,694$5,476$4,459$3,467
19 years$9,219$7,542$6,128$4,948$3,975$3,038
20 years$8,667$7,009$5,624$4,482$3,550$2,667
21 years$8,167$6,528$5,173$4,067$3,177$2,345
22 years$7,714$6,094$4,767$3,698$2,848$2,065
23 years$7,300$5,699$4,402$3,368$2,556$1,821
24 years$6,922$5,340$4,071$3,072$2,298$1,607
25 years$6,574$5,011$3,771$2,805$2,068$1,419
26 years$6,254$4,710$3,497$2,565$1,862$1,255
27 years$5,958$4,433$3,247$2,348$1,679$1,110
28 years$5,683$4,177$3,019$2,151$1,515$983
29 years$5,428$3,940$2,809$1,973$1,368$871
30 years$5,191$3,721$2,617$1,810$1,236$772
31 years$4,969$3,518$2,439$1,663$1,118$684
32 years$4,761$3,328$2,276$1,528$1,011$607
33 years$4,567$3,152$2,125$1,405$915$539
34 years$4,384$2,988$1,986$1,293$828$478
35 years$4,212$2,834$1,856$1,190$750$424
36 years$4,050$2,690$1,737$1,096$680$377
37 years$3,897$2,554$1,625$1,010$616$335
38 years$3,753$2,428$1,522$931$559$297
39 years$3,616$2,308$1,426$858$507$264
40 years$3,486$2,196$1,337$792$459$235
41 years$3,363$2,091$1,253$730$417$209
42 years$3,247$1,991$1,176$674$378$185
43 years$3,135$1,897$1,103$622$343$165
44 years$3,030$1,808$1,036$575$312$147
45 years$2,929$1,724$972$531$283$130
46 years$2,833$1,645$913$490$257$116
47 years$2,741$1,570$858$453$233$103
48 years$2,654$1,499$806$418$212$92
49 years$2,570$1,431$758$387$192$81
50 years$2,490$1,367$713$357$175$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,550,000, adding $5,897 every year, while hoping to spend $30,668 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: 43/31/26 Blend
53$2,550,000$2,550,000$2,550,000$2,550,000
54$2,816,183$2,681,033$2,641,508$2,915,709
55$3,070,803$2,779,773$2,697,368$3,086,106
56$3,350,366$2,882,323$2,754,071$3,267,235
57$3,657,385$2,988,839$2,811,614$3,462,890
58$3,994,626$3,099,479$2,869,991$3,674,435
59$4,365,138$3,214,414$2,929,195$3,903,366
60$4,772,278$3,333,816$2,989,219$4,151,330
61$5,219,746$3,457,869$3,050,054$4,420,136
62$5,711,618$3,586,762$3,111,688$4,711,775
63$6,252,383$3,720,694$3,174,110$5,028,436
64$6,846,990$3,859,871$3,237,306$5,372,526
65$7,500,887$4,004,509$3,301,261$5,746,694
66$8,220,080$4,154,833$3,365,956$6,153,853
67$9,011,186$4,311,077$3,431,372$6,597,212
68$9,881,493$4,473,486$3,497,489$7,080,296
69$10,839,032$4,642,314$3,564,283$7,606,990
70$11,892,654$4,817,828$3,631,727$8,181,565
71$13,052,109$5,000,306$3,699,794$8,808,725
72$14,328,140$5,190,037$3,768,453$9,493,648
73$15,732,585$5,387,323$3,837,670$10,242,031
74$17,278,487$5,592,480$3,907,410$11,060,148
75$18,980,218$5,805,836$3,977,634$11,954,907
76$20,853,614$6,027,736$4,048,298$12,933,912
77$22,916,125$6,258,538$4,119,359$14,005,536
78$25,186,978$6,498,615$4,190,766$15,178,999
79$27,687,361$6,748,358$4,262,468$16,464,454
80$30,440,620$7,008,176$4,334,409$17,873,081
81$33,472,479$7,278,492$4,406,527$19,417,192
82$36,811,285$7,559,751$4,478,759$21,110,347
83$40,488,275$7,852,418$4,551,036$22,967,480
84$44,537,868$8,156,976$4,623,286$25,005,040
85$48,997,994$8,473,931$4,695,428$27,241,142
86$53,910,446$8,803,810$4,767,382$29,695,741
87$59,321,280$9,147,165$4,839,057$32,390,816
88$65,281,245$9,504,571$4,910,361$35,350,578
89$71,846,267$9,876,630$4,981,193$38,601,697
90$79,077,971$10,263,969$5,051,447$42,173,549
91$87,044,265$10,667,245$5,121,012$46,098,497
92$95,819,982$11,087,142$5,189,768$50,412,192
93$105,487,584$11,524,375$5,257,589$55,153,910
94$116,137,941$11,979,693$5,324,341$60,366,916
95$127,871,189$12,453,876$5,389,885$66,098,878
96$140,797,674$12,947,741$5,454,070$72,402,311
97$155,038,995$13,462,138$5,516,740$79,335,068
98$170,729,150$13,997,960$5,577,728$86,960,893
99$188,015,800$14,556,137$5,636,859$95,350,012
100$207,061,665$15,137,641$5,693,947$104,579,798