Can I retire at age 54 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$185,803$184,148$182,533$180,957$179,418$176,446
2 years$91,982$90,269$88,608$86,999$85,437$82,451
3 years$60,712$58,991$57,335$55,741$54,205$51,298
4 years$45,080$43,365$41,726$40,158$38,659$35,855
5 years$35,704$33,999$32,381$30,845$29,388$26,693
6 years$29,455$27,762$26,168$24,667$23,254$20,672
7 years$24,993$23,315$21,746$20,280$18,912$16,443
8 years$21,648$19,985$18,442$17,013$15,689$13,334
9 years$19,048$17,401$15,884$14,491$13,212$10,969
10 years$16,969$15,338$13,848$12,491$11,258$9,125
11 years$15,269$13,654$12,192$10,871$9,682$7,657
12 years$13,853$12,255$10,820$9,536$8,390$6,470
13 years$12,657$11,075$9,667$8,418$7,316$5,499
14 years$11,632$10,067$8,686$7,473$6,414$4,695
15 years$10,744$9,197$7,842$6,665$5,647$4,025
16 years$9,968$8,438$7,110$5,967$4,991$3,461
17 years$9,285$7,771$6,470$5,362$4,425$2,985
18 years$8,677$7,181$5,906$4,832$3,935$2,580
19 years$8,135$6,655$5,407$4,366$3,507$2,234
20 years$7,647$6,184$4,962$3,954$3,133$1,938
21 years$7,206$5,760$4,564$3,589$2,803$1,684
22 years$6,806$5,377$4,207$3,263$2,513$1,465
23 years$6,441$5,029$3,884$2,972$2,256$1,276
24 years$6,108$4,712$3,592$2,710$2,027$1,112
25 years$5,801$4,422$3,327$2,475$1,824$970
26 years$5,518$4,156$3,086$2,263$1,643$847
27 years$5,257$3,911$2,865$2,072$1,482$740
28 years$5,015$3,685$2,664$1,898$1,337$647
29 years$4,790$3,477$2,479$1,741$1,207$565
30 years$4,580$3,283$2,309$1,597$1,091$495
31 years$4,384$3,104$2,152$1,467$986$433
32 years$4,201$2,937$2,008$1,348$892$379
33 years$4,029$2,781$1,875$1,240$807$332
34 years$3,868$2,636$1,752$1,141$731$290
35 years$3,716$2,500$1,638$1,050$662$254
36 years$3,574$2,373$1,532$967$600$223
37 years$3,439$2,254$1,434$891$544$195
38 years$3,311$2,142$1,343$821$493$171
39 years$3,190$2,037$1,258$757$447$150
40 years$3,076$1,938$1,179$699$405$131
41 years$2,968$1,845$1,106$644$368$115
42 years$2,865$1,757$1,037$595$334$101
43 years$2,767$1,674$973$549$303$89
44 years$2,673$1,596$914$507$275$78
45 years$2,584$1,522$858$468$250$68
46 years$2,500$1,451$806$432$227$60
47 years$2,419$1,385$757$400$206$52
48 years$2,341$1,322$711$369$187$46
49 years$2,268$1,263$669$341$170$40
50 years$2,197$1,206$629$315$154$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,250,000, adding $3,336 every year, while hoping to spend $42,357 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: 57/18/25 Blend
53$2,250,000$2,250,000$2,250,000$2,250,000
54$2,482,941$2,363,691$2,328,816$2,607,395
55$2,691,134$2,434,444$2,361,764$2,763,696
56$2,919,142$2,507,245$2,394,396$2,929,202
57$3,168,943$2,582,149$2,426,657$3,108,701
58$3,442,713$2,659,212$2,458,488$3,303,556
59$3,742,850$2,738,493$2,489,827$3,515,269
60$4,071,994$2,820,052$2,520,609$3,745,491
61$4,433,052$2,903,950$2,550,765$3,996,044
62$4,829,228$2,990,249$2,580,220$4,268,933
63$5,264,051$3,079,012$2,608,899$4,566,366
64$5,741,406$3,170,306$2,636,719$4,890,774
65$6,265,575$3,264,196$2,663,594$5,244,839
66$6,841,273$3,360,751$2,689,434$5,631,512
67$7,473,695$3,460,040$2,714,143$6,054,044
68$8,168,565$3,562,135$2,737,619$6,516,018
69$8,932,187$3,667,108$2,759,758$7,021,381
70$9,771,506$3,775,033$2,780,446$7,574,480
71$10,694,176$3,885,985$2,799,567$8,180,106
72$11,708,627$4,000,043$2,816,997$8,843,539
73$12,824,146$4,117,285$2,832,606$9,570,593
74$14,050,967$4,237,790$2,846,257$10,367,676
75$15,400,365$4,361,641$2,857,805$11,241,849
76$16,884,761$4,488,920$2,867,101$12,200,891
77$18,517,844$4,619,714$2,873,986$13,253,376
78$20,314,692$4,754,108$2,878,292$14,408,749
79$22,291,921$4,892,190$2,879,846$15,677,418
80$24,467,839$5,034,050$2,878,463$17,070,853
81$26,862,619$5,179,778$2,873,951$18,601,693
82$29,498,486$5,329,468$2,866,109$20,283,864
83$32,399,932$5,483,212$2,854,724$22,132,714
84$35,593,943$5,641,107$2,839,575$24,165,154
85$39,110,253$5,803,249$2,820,429$26,399,821
86$42,981,627$5,969,736$2,797,041$28,857,250
87$47,244,168$6,140,669$2,769,157$31,560,073
88$51,937,659$6,316,147$2,736,509$34,533,229
89$57,105,934$6,496,273$2,698,817$37,804,201
90$62,797,300$6,681,150$2,655,787$41,403,272
91$69,064,980$6,870,883$2,607,113$45,363,819
92$75,967,629$7,065,577$2,552,472$49,722,620
93$83,569,876$7,265,338$2,491,528$54,520,204
94$91,942,938$7,470,275$2,423,929$59,801,237
95$101,165,294$7,680,495$2,349,307$65,614,940
96$111,323,422$7,896,107$2,267,277$72,015,554
97$122,512,616$8,117,221$2,177,436$79,062,854
98$134,837,886$8,343,948$2,079,362$86,822,712
99$148,414,945$8,576,396$1,972,616$95,367,723
100$163,371,308$8,814,678$1,856,738$104,777,884