Can I retire at age 54 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$188,280$186,603$184,967$183,370$181,810$175,081
2 years$93,208$91,472$89,790$88,159$86,576$79,873
3 years$61,521$59,778$58,100$56,484$54,928$48,460
4 years$45,681$43,943$42,282$40,694$39,175$32,994
5 years$36,180$34,452$32,812$31,257$29,780$23,901
6 years$29,847$28,133$26,517$24,996$23,564$17,991
7 years$25,326$23,626$22,036$20,551$19,164$13,895
8 years$21,936$20,252$18,688$17,239$15,898$10,929
9 years$19,302$17,633$16,096$14,684$13,389$8,712
10 years$17,195$15,542$14,033$12,658$11,408$7,016
11 years$15,472$13,836$12,354$11,016$9,811$5,695
12 years$14,038$12,419$10,964$9,663$8,502$4,650
13 years$12,825$11,223$9,796$8,531$7,414$3,816
14 years$11,787$10,201$8,802$7,573$6,499$3,144
15 years$10,887$9,319$7,947$6,753$5,722$2,599
16 years$10,101$8,550$7,205$6,047$5,057$2,153
17 years$9,408$7,874$6,556$5,433$4,484$1,788
18 years$8,793$7,276$5,985$4,896$3,987$1,487
19 years$8,243$6,744$5,479$4,424$3,554$1,239
20 years$7,749$6,266$5,028$4,007$3,174$1,033
21 years$7,302$5,837$4,625$3,637$2,841$862
22 years$6,897$5,449$4,263$3,307$2,546$721
23 years$6,527$5,096$3,936$3,011$2,286$602
24 years$6,189$4,775$3,640$2,747$2,054$504
25 years$5,878$4,481$3,371$2,508$1,849$422
26 years$5,592$4,211$3,127$2,293$1,665$353
27 years$5,327$3,963$2,903$2,099$1,501$296
28 years$5,082$3,734$2,699$1,923$1,355$248
29 years$4,854$3,523$2,512$1,764$1,223$208
30 years$4,641$3,327$2,340$1,619$1,105$174
31 years$4,443$3,145$2,181$1,487$999$146
32 years$4,257$2,976$2,035$1,366$904$122
33 years$4,083$2,818$1,900$1,256$818$103
34 years$3,920$2,671$1,775$1,156$741$86
35 years$3,766$2,534$1,660$1,064$671$72
36 years$3,621$2,405$1,553$980$608$60
37 years$3,484$2,284$1,453$903$551$51
38 years$3,355$2,171$1,361$832$499$43
39 years$3,233$2,064$1,275$767$453$36
40 years$3,117$1,964$1,195$708$411$30
41 years$3,007$1,869$1,121$653$373$25
42 years$2,903$1,780$1,051$603$338$21
43 years$2,803$1,696$986$556$307$18
44 years$2,709$1,617$926$514$279$15
45 years$2,619$1,542$869$474$253$12
46 years$2,533$1,471$817$438$230$10
47 years$2,451$1,404$767$405$209$9
48 years$2,373$1,340$721$374$189$7
49 years$2,298$1,280$678$346$172$6
50 years$2,226$1,222$637$320$156$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,280,000, adding $2,475 every year, while hoping to spend $45,405 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: 69/14/17 Blend
53$2,280,000$2,280,000$2,280,000$2,280,000
54$2,515,113$2,394,273$2,358,933$2,678,306
55$2,723,344$2,463,282$2,389,647$2,856,389
56$2,951,293$2,534,150$2,419,867$3,045,561
57$3,200,922$2,606,922$2,449,531$3,251,403
58$3,474,395$2,681,639$2,478,569$3,475,556
59$3,774,092$2,758,348$2,506,910$3,719,823
60$4,102,635$2,837,093$2,534,477$3,986,191
61$4,462,913$2,917,920$2,561,191$4,276,850
62$4,858,106$3,000,873$2,586,966$4,594,210
63$5,291,718$3,086,001$2,611,715$4,940,927
64$5,767,608$3,173,350$2,635,342$5,319,925
65$6,290,026$3,262,967$2,657,749$5,734,426
66$6,863,657$3,354,900$2,678,831$6,187,981
67$7,493,657$3,449,197$2,698,479$6,684,499
68$8,185,709$3,545,908$2,716,578$7,228,287
69$8,946,074$3,645,079$2,733,005$7,824,092
70$9,781,646$3,746,760$2,747,633$8,477,143
71$10,700,023$3,851,001$2,760,328$9,193,199
72$11,709,576$3,957,850$2,770,949$9,978,607
73$12,819,524$4,067,356$2,779,348$10,840,361
74$14,040,028$4,179,569$2,785,368$11,786,165
75$15,382,279$4,294,537$2,788,847$12,824,510
76$16,858,611$4,412,308$2,789,612$13,964,748
77$18,482,610$4,532,932$2,787,485$15,217,187
78$20,269,245$4,656,455$2,782,275$16,593,184
79$22,235,012$4,782,925$2,773,785$18,105,254
80$24,398,084$4,912,389$2,761,808$19,767,185
81$26,778,485$5,044,893$2,746,124$21,594,172
82$29,398,279$5,180,480$2,726,507$23,602,959
83$32,281,775$5,319,196$2,702,718$25,811,995
84$35,455,762$5,461,082$2,674,504$28,241,613
85$38,949,754$5,606,180$2,641,605$30,914,214
86$42,796,275$5,754,529$2,603,745$33,854,486
87$47,031,161$5,906,167$2,560,636$37,089,634
88$51,693,900$6,061,130$2,511,978$40,649,637
89$56,828,004$6,219,451$2,457,455$44,567,530
90$62,481,418$6,381,161$2,396,737$48,879,716
91$68,706,974$6,546,290$2,329,480$53,626,312
92$75,562,889$6,714,862$2,255,321$58,851,525
93$83,113,314$6,886,899$2,173,884$64,604,072
94$91,428,936$7,062,422$2,084,773$70,937,636
95$100,587,651$7,241,444$1,987,577$77,911,377
96$110,675,293$7,423,977$1,881,862$85,590,488
97$121,786,448$7,610,026$1,767,179$94,046,812
98$134,025,341$7,799,593$1,643,056$103,359,518
99$147,506,828$7,992,675$1,509,000$113,615,852
100$162,357,469$8,189,261$1,364,496$124,911,959