Can I retire at age 54 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$181,674$180,056$178,477$176,936$175,431$174,325
2 years$89,938$88,263$86,639$85,065$83,539$82,423
3 years$59,363$57,681$56,061$54,502$53,000$51,910
4 years$44,078$42,401$40,798$39,266$37,800$36,743
5 years$34,910$33,243$31,661$30,160$28,735$27,715
6 years$28,800$27,146$25,587$24,119$22,737$21,754
7 years$24,437$22,797$21,263$19,830$18,491$17,547
8 years$21,167$19,541$18,033$16,635$15,340$14,434
9 years$18,624$17,014$15,531$14,169$12,919$12,050
10 years$16,592$14,997$13,541$12,214$11,007$10,177
11 years$14,930$13,351$11,921$10,630$9,467$8,673
12 years$13,546$11,983$10,580$9,324$8,204$7,446
13 years$12,375$10,829$9,452$8,231$7,154$6,432
14 years$11,373$9,843$8,493$7,307$6,271$5,584
15 years$10,505$8,992$7,668$6,516$5,521$4,868
16 years$9,747$8,250$6,952$5,835$4,880$4,259
17 years$9,078$7,598$6,326$5,243$4,327$3,738
18 years$8,485$7,021$5,775$4,725$3,847$3,289
19 years$7,954$6,507$5,287$4,269$3,429$2,901
20 years$7,477$6,047$4,852$3,866$3,063$2,563
21 years$7,046$5,632$4,463$3,509$2,741$2,269
22 years$6,655$5,257$4,113$3,191$2,457$2,012
23 years$6,298$4,917$3,798$2,906$2,205$1,786
24 years$5,972$4,607$3,512$2,650$1,982$1,587
25 years$5,672$4,323$3,253$2,420$1,784$1,412
26 years$5,396$4,063$3,017$2,213$1,607$1,257
27 years$5,140$3,824$2,802$2,026$1,449$1,120
28 years$4,903$3,603$2,604$1,856$1,307$999
29 years$4,683$3,399$2,424$1,702$1,180$891
30 years$4,478$3,210$2,258$1,562$1,066$796
31 years$4,287$3,035$2,105$1,434$964$711
32 years$4,108$2,872$1,964$1,318$872$635
33 years$3,940$2,719$1,833$1,212$789$568
34 years$3,782$2,577$1,713$1,115$715$508
35 years$3,634$2,445$1,602$1,027$647$454
36 years$3,494$2,320$1,498$946$586$406
37 years$3,362$2,204$1,402$871$532$364
38 years$3,238$2,094$1,313$803$482$326
39 years$3,120$1,992$1,230$740$437$291
40 years$3,008$1,895$1,153$683$396$261
41 years$2,902$1,804$1,081$630$360$234
42 years$2,801$1,718$1,014$582$326$209
43 years$2,705$1,637$952$537$296$188
44 years$2,614$1,560$893$496$269$168
45 years$2,527$1,488$839$458$244$151
46 years$2,444$1,419$788$423$222$135
47 years$2,365$1,354$740$391$201$121
48 years$2,289$1,293$696$361$183$108
49 years$2,217$1,235$654$334$166$97
50 years$2,148$1,179$615$308$151$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,200,000, adding $6,810 every year, while hoping to spend $58,945 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: 72/7/21 Blend
53$2,200,000$2,200,000$2,200,000$2,200,000
54$2,431,425$2,314,825$2,280,725$2,593,575
55$2,616,713$2,365,534$2,294,412$2,753,136
56$2,818,925$2,416,752$2,306,582$2,920,147
57$3,039,725$2,468,443$2,317,122$3,101,593
58$3,280,944$2,520,564$2,325,913$3,298,897
59$3,544,600$2,573,071$2,332,831$3,513,631
60$3,832,912$2,625,914$2,337,743$3,747,524
61$4,148,325$2,679,040$2,340,514$4,002,481
62$4,493,530$2,732,389$2,340,997$4,280,602
63$4,871,492$2,785,898$2,339,042$4,584,203
64$5,285,474$2,839,497$2,334,490$4,915,833
65$5,739,070$2,893,110$2,327,173$5,278,303
66$6,236,239$2,946,656$2,316,917$5,674,709
67$6,781,341$3,000,048$2,303,539$6,108,464
68$7,379,177$3,053,189$2,286,847$6,583,331
69$8,035,035$3,105,978$2,266,638$7,103,454
70$8,754,741$3,158,303$2,242,703$7,673,401
71$9,544,712$3,210,047$2,214,821$8,298,207
72$10,412,014$3,261,081$2,182,759$8,983,420
73$11,364,434$3,311,269$2,146,276$9,735,156
74$12,410,548$3,360,463$2,105,119$10,560,155
75$13,559,805$3,408,506$2,059,021$11,465,843
76$14,822,613$3,455,230$2,007,705$12,460,407
77$16,210,437$3,500,455$1,950,881$13,552,868
78$17,735,911$3,543,987$1,888,246$14,753,171
79$19,412,952$3,585,620$1,819,480$16,072,273
80$21,256,892$3,625,134$1,744,251$17,522,252
81$23,284,624$3,662,295$1,662,213$19,116,419
82$25,514,761$3,696,852$1,573,002$20,869,445
83$27,967,807$3,728,538$1,476,238$22,797,499
84$30,666,355$3,757,069$1,371,524$24,918,399
85$33,635,300$3,782,142$1,258,446$27,251,785
86$36,902,067$3,803,433$1,136,571$29,819,301
87$40,496,878$3,820,601$1,005,446$32,644,803
88$44,453,029$3,833,281$864,598$35,754,581
89$48,807,211$3,841,084$713,535$39,177,611
90$53,599,847$3,843,598$551,739$42,945,826
91$58,875,484$3,840,387$378,675$47,094,421
92$64,683,201$3,830,984$193,778$51,662,183
93$71,077,082$3,814,896$0$56,691,861
94$78,116,719$3,791,601$0$62,231,359
95$85,867,777$3,760,541$0$68,378,196
96$94,402,612$3,721,130$0$75,146,272
97$103,800,954$3,672,741$0$82,598,802
98$114,150,659$3,614,713$0$90,805,443
99$125,548,537$3,546,345$0$99,842,958
100$138,101,266$3,466,894$0$109,795,931