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%14.7%
1 years$212,228$210,338$208,493$206,693$204,935$200,962
2 years$105,063$103,107$101,210$99,372$97,588$93,601
3 years$69,347$67,381$65,490$63,668$61,914$58,038
4 years$51,492$49,532$47,660$45,870$44,158$40,422
5 years$40,781$38,834$36,986$35,232$33,568$29,983
6 years$33,644$31,711$29,890$28,175$26,561$23,132
7 years$28,547$26,631$24,839$23,165$21,601$18,328
8 years$24,727$22,828$21,065$19,432$17,920$14,802
9 years$21,757$19,875$18,144$16,552$15,092$12,126
10 years$19,382$17,519$15,818$14,268$12,859$10,044
11 years$17,440$15,596$13,926$12,417$11,059$8,391
12 years$15,824$13,998$12,359$10,892$9,583$7,059
13 years$14,457$12,650$11,042$9,616$8,357$5,971
14 years$13,286$11,499$9,921$8,536$7,326$5,074
15 years$12,272$10,505$8,957$7,612$6,450$4,329
16 years$11,386$9,638$8,121$6,816$5,701$3,704
17 years$10,605$8,876$7,390$6,124$5,055$3,179
18 years$9,912$8,202$6,746$5,519$4,494$2,734
19 years$9,292$7,601$6,176$4,987$4,006$2,355
20 years$8,735$7,064$5,668$4,517$3,578$2,033
21 years$8,231$6,579$5,213$4,099$3,202$1,757
22 years$7,774$6,142$4,805$3,727$2,870$1,520
23 years$7,358$5,744$4,436$3,394$2,576$1,316
24 years$6,976$5,382$4,103$3,096$2,316$1,141
25 years$6,626$5,051$3,800$2,827$2,084$990
26 years$6,303$4,747$3,524$2,585$1,877$859
27 years$6,005$4,467$3,273$2,366$1,692$747
28 years$5,728$4,209$3,042$2,168$1,527$649
29 years$5,471$3,971$2,831$1,988$1,379$564
30 years$5,231$3,750$2,637$1,825$1,246$491
31 years$5,008$3,545$2,459$1,676$1,126$427
32 years$4,799$3,355$2,294$1,540$1,019$371
33 years$4,602$3,177$2,142$1,416$922$323
34 years$4,418$3,011$2,001$1,303$835$281
35 years$4,245$2,856$1,871$1,199$756$245
36 years$4,082$2,711$1,750$1,105$685$213
37 years$3,928$2,574$1,638$1,018$621$186
38 years$3,782$2,447$1,534$938$563$162
39 years$3,644$2,327$1,437$865$510$141
40 years$3,514$2,213$1,347$798$463$123
41 years$3,390$2,107$1,263$736$420$107
42 years$3,272$2,007$1,185$679$381$93
43 years$3,160$1,912$1,112$627$346$81
44 years$3,054$1,822$1,044$579$314$71
45 years$2,952$1,738$980$535$285$62
46 years$2,855$1,658$920$494$259$54
47 years$2,763$1,582$865$456$235$47
48 years$2,674$1,510$813$422$213$41
49 years$2,590$1,442$764$390$194$36
50 years$2,509$1,378$718$360$176$31

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 $3,440 every year, while hoping to spend $24,883 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: 82/10/8 Blend
53$2,570,000$2,570,000$2,570,000$2,570,000
54$2,835,688$2,699,478$2,659,643$3,065,192
55$3,098,453$2,805,277$2,722,266$3,321,652
56$3,387,186$2,915,427$2,786,153$3,599,475
57$3,704,510$3,030,113$2,851,319$3,903,719
58$4,053,313$3,149,532$2,917,782$4,237,014
59$4,436,778$3,273,887$2,985,555$4,602,261
60$4,858,414$3,403,391$3,054,655$5,002,652
61$5,322,082$3,538,267$3,125,096$5,441,702
62$5,832,039$3,678,747$3,196,892$5,923,284
63$6,392,976$3,825,075$3,270,057$6,451,663
64$7,010,060$3,977,504$3,344,604$7,031,536
65$7,688,984$4,136,299$3,420,546$7,668,076
66$8,436,021$4,301,739$3,497,895$8,366,982
67$9,258,083$4,474,112$3,576,662$9,134,531
68$10,162,785$4,653,721$3,656,858$9,977,638
69$11,158,519$4,840,882$3,738,492$10,903,919
70$12,254,529$5,035,928$3,821,573$11,921,765
71$13,461,006$5,239,202$3,906,110$13,040,419
72$14,789,172$5,451,067$3,992,109$14,270,064
73$16,251,399$5,671,901$4,079,576$15,621,917
74$17,861,316$5,902,098$4,168,516$17,108,336
75$19,633,940$6,142,071$4,258,931$18,742,936
76$21,585,822$6,392,252$4,350,825$20,540,718
77$23,735,196$6,653,093$4,444,198$22,518,206
78$26,102,156$6,925,064$4,539,049$24,693,609
79$28,708,844$7,208,661$4,635,375$27,086,985
80$31,579,659$7,504,398$4,733,173$29,720,437
81$34,741,486$7,812,815$4,832,436$32,618,316
82$38,223,952$8,134,477$4,933,157$35,807,451
83$42,059,702$8,469,974$5,035,325$39,317,405
84$46,284,711$8,819,922$5,138,928$43,180,750
85$50,938,622$9,184,968$5,243,952$47,433,373
86$56,065,116$9,565,787$5,350,379$52,114,819
87$61,712,332$9,963,084$5,458,191$57,268,658
88$67,933,314$10,377,599$5,567,364$62,942,901
89$74,786,515$10,810,105$5,677,874$69,190,446
90$82,336,349$11,261,410$5,789,692$76,069,583
91$90,653,797$11,732,359$5,902,787$83,644,540
92$99,817,077$12,223,837$6,017,123$91,986,088
93$109,912,385$12,736,771$6,132,663$101,172,211
94$121,034,704$13,272,128$6,249,362$111,288,838
95$133,288,703$13,830,922$6,367,176$122,430,656
96$146,789,728$14,414,214$6,486,053$134,702,001
97$161,664,882$15,023,113$6,605,938$148,217,842
98$178,054,234$15,658,780$6,726,771$163,104,868
99$196,112,136$16,322,429$6,848,488$179,502,679
100$216,008,679$17,015,334$6,971,017$197,565,106