Can I retire at age 54 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$212,228$210,338$208,493$206,693$204,935$203,473
2 years$105,063$103,107$101,210$99,372$97,588$96,114
3 years$69,347$67,381$65,490$63,668$61,914$60,473
4 years$51,492$49,532$47,660$45,870$44,158$42,761
5 years$40,781$38,834$36,986$35,232$33,568$32,220
6 years$33,644$31,711$29,890$28,175$26,561$25,264
7 years$28,547$26,631$24,839$23,165$21,601$20,355
8 years$24,727$22,828$21,065$19,432$17,920$16,725
9 years$21,757$19,875$18,144$16,552$15,092$13,947
10 years$19,382$17,519$15,818$14,268$12,859$11,764
11 years$17,440$15,596$13,926$12,417$11,059$10,014
12 years$15,824$13,998$12,359$10,892$9,583$8,586
13 years$14,457$12,650$11,042$9,616$8,357$7,407
14 years$13,286$11,499$9,921$8,536$7,326$6,422
15 years$12,272$10,505$8,957$7,612$6,450$5,591
16 years$11,386$9,638$8,121$6,816$5,701$4,885
17 years$10,605$8,876$7,390$6,124$5,055$4,282
18 years$9,912$8,202$6,746$5,519$4,494$3,762
19 years$9,292$7,601$6,176$4,987$4,006$3,313
20 years$8,735$7,064$5,668$4,517$3,578$2,924
21 years$8,231$6,579$5,213$4,099$3,202$2,584
22 years$7,774$6,142$4,805$3,727$2,870$2,288
23 years$7,358$5,744$4,436$3,394$2,576$2,028
24 years$6,976$5,382$4,103$3,096$2,316$1,799
25 years$6,626$5,051$3,800$2,827$2,084$1,598
26 years$6,303$4,747$3,524$2,585$1,877$1,421
27 years$6,005$4,467$3,273$2,366$1,692$1,264
28 years$5,728$4,209$3,042$2,168$1,527$1,125
29 years$5,471$3,971$2,831$1,988$1,379$1,002
30 years$5,231$3,750$2,637$1,825$1,246$894
31 years$5,008$3,545$2,459$1,676$1,126$797
32 years$4,799$3,355$2,294$1,540$1,019$711
33 years$4,602$3,177$2,142$1,416$922$634
34 years$4,418$3,011$2,001$1,303$835$566
35 years$4,245$2,856$1,871$1,199$756$506
36 years$4,082$2,711$1,750$1,105$685$452
37 years$3,928$2,574$1,638$1,018$621$404
38 years$3,782$2,447$1,534$938$563$361
39 years$3,644$2,327$1,437$865$510$322
40 years$3,514$2,213$1,347$798$463$288
41 years$3,390$2,107$1,263$736$420$258
42 years$3,272$2,007$1,185$679$381$230
43 years$3,160$1,912$1,112$627$346$206
44 years$3,054$1,822$1,044$579$314$184
45 years$2,952$1,738$980$535$285$165
46 years$2,855$1,658$920$494$259$148
47 years$2,763$1,582$865$456$235$132
48 years$2,674$1,510$813$422$213$118
49 years$2,590$1,442$764$390$194$106
50 years$2,509$1,378$718$360$176$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,570,000, adding $5,308 every year, while hoping to spend $24,057 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: 31/45/24 Blend
53$2,570,000$2,570,000$2,570,000$2,570,000
54$2,837,615$2,701,405$2,661,570$2,904,422
55$3,101,455$2,808,178$2,725,136$3,062,642
56$3,391,401$2,919,376$2,790,026$3,230,329
57$3,710,090$3,035,191$2,856,257$3,410,349
58$4,060,427$3,155,823$2,923,849$3,603,794
59$4,445,613$3,281,481$2,992,821$3,811,861
60$4,869,175$3,412,383$3,063,191$4,035,861
61$5,335,000$3,548,758$3,134,976$4,277,236
62$5,847,367$3,690,845$3,208,195$4,537,564
63$6,410,994$3,838,892$3,282,865$4,818,579
64$7,031,077$3,993,159$3,359,003$5,122,183
65$7,713,343$4,153,921$3,436,626$5,450,465
66$8,464,101$4,321,459$3,515,750$5,805,719
67$9,290,302$4,496,074$3,596,390$6,190,465
68$10,199,606$4,678,074$3,678,562$6,607,469
69$11,200,452$4,867,786$3,762,280$7,059,771
70$12,302,139$5,065,549$3,847,558$7,550,712
71$13,514,915$5,271,718$3,934,408$8,083,965
72$14,850,070$5,486,666$4,022,844$8,663,564
73$16,320,044$5,710,780$4,112,877$9,293,945
74$17,938,546$5,944,466$4,204,516$9,979,987
75$19,720,683$6,188,149$4,297,772$10,727,052
76$21,683,098$6,442,274$4,392,653$11,541,039
77$23,844,133$6,707,304$4,489,166$12,428,433
78$26,223,998$6,983,726$4,587,316$13,396,372
79$28,844,964$7,272,047$4,687,110$14,452,702
80$31,731,572$7,572,798$4,788,549$15,606,060
81$34,910,862$7,886,535$4,891,636$16,865,947
82$38,412,634$8,213,840$4,996,370$18,242,816
83$42,269,725$8,555,320$5,102,750$19,748,172
84$46,518,317$8,911,611$5,210,772$21,394,676
85$51,198,283$9,283,378$5,320,431$23,196,261
86$56,353,562$9,671,317$5,431,719$25,168,264
87$62,032,570$10,076,157$5,544,627$27,327,567
88$68,288,662$10,498,658$5,659,142$29,692,753
89$75,180,632$10,939,618$5,775,249$32,284,281
90$82,773,268$11,399,871$5,892,931$35,124,672
91$91,137,965$11,880,289$6,012,169$38,238,725
92$100,353,399$12,381,785$6,132,938$41,653,740
93$110,506,267$12,905,314$6,255,213$45,399,780
94$121,692,108$13,451,876$6,378,964$49,509,949
95$134,016,202$14,022,516$6,504,158$54,020,696
96$147,594,566$14,618,331$6,630,758$58,972,165
97$162,555,047$15,240,464$6,758,724$64,408,561
98$179,038,531$15,890,116$6,888,011$70,378,568
99$197,200,270$16,568,541$7,018,569$76,935,805
100$217,211,351$17,277,053$7,150,344$84,139,324