Can I retire at age 54 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$189,106$187,422$185,778$184,174$182,608$181,838
2 years$93,617$91,873$90,184$88,545$86,956$86,179
3 years$61,791$60,040$58,355$56,732$55,169$54,408
4 years$45,882$44,136$42,467$40,872$39,347$38,609
5 years$36,338$34,603$32,956$31,394$29,911$29,198
6 years$29,978$28,256$26,634$25,106$23,667$22,980
7 years$25,437$23,729$22,133$20,641$19,248$18,587
8 years$22,033$20,340$18,770$17,315$15,968$15,333
9 years$19,386$17,710$16,167$14,749$13,447$12,838
10 years$17,270$15,611$14,095$12,713$11,458$10,874
11 years$15,540$13,897$12,409$11,065$9,854$9,296
12 years$14,100$12,473$11,012$9,705$8,539$8,006
13 years$12,882$11,272$9,839$8,568$7,446$6,937
14 years$11,838$10,246$8,840$7,606$6,528$6,042
15 years$10,935$9,360$7,982$6,783$5,747$5,285
16 years$10,146$8,588$7,236$6,073$5,080$4,640
17 years$9,450$7,909$6,585$5,457$4,504$4,086
18 years$8,832$7,308$6,011$4,918$4,005$3,608
19 years$8,279$6,773$5,503$4,444$3,569$3,194
20 years$7,783$6,294$5,050$4,025$3,188$2,832
21 years$7,334$5,863$4,645$3,653$2,853$2,516
22 years$6,927$5,472$4,281$3,321$2,557$2,239
23 years$6,556$5,118$3,953$3,025$2,296$1,995
24 years$6,216$4,796$3,656$2,759$2,063$1,780
25 years$5,904$4,500$3,386$2,519$1,857$1,589
26 years$5,616$4,230$3,140$2,303$1,673$1,421
27 years$5,350$3,981$2,916$2,108$1,508$1,271
28 years$5,104$3,751$2,711$1,932$1,361$1,138
29 years$4,875$3,539$2,523$1,771$1,229$1,019
30 years$4,661$3,342$2,350$1,626$1,110$914
31 years$4,462$3,159$2,191$1,493$1,004$819
32 years$4,276$2,989$2,044$1,372$908$735
33 years$4,101$2,831$1,908$1,262$822$660
34 years$3,937$2,683$1,783$1,161$744$593
35 years$3,783$2,545$1,667$1,069$674$532
36 years$3,637$2,415$1,560$984$610$478
37 years$3,500$2,294$1,460$907$553$430
38 years$3,370$2,180$1,367$836$502$386
39 years$3,247$2,073$1,281$771$455$348
40 years$3,131$1,972$1,200$711$413$313
41 years$3,020$1,877$1,126$656$374$281
42 years$2,916$1,788$1,056$605$340$253
43 years$2,816$1,704$991$559$308$228
44 years$2,721$1,624$930$516$280$205
45 years$2,630$1,549$873$477$254$184
46 years$2,544$1,477$820$440$231$166
47 years$2,462$1,410$771$407$209$149
48 years$2,383$1,346$724$376$190$134
49 years$2,308$1,285$681$347$173$121
50 years$2,236$1,228$640$321$157$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,290,000, adding $6,142 every year, while hoping to spend $49,054 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: 57/24/19 Blend
53$2,290,000$2,290,000$2,290,000$2,290,000
54$2,529,915$2,408,545$2,373,050$2,661,017
55$2,735,774$2,474,371$2,400,355$2,816,723
56$2,960,986$2,541,778$2,426,929$2,980,501
57$3,207,473$2,610,792$2,452,698$3,157,895
58$3,477,353$2,681,439$2,477,581$3,350,222
59$3,772,956$2,753,743$2,501,494$3,558,939
60$4,096,850$2,827,728$2,524,346$3,785,645
61$4,451,861$2,903,419$2,546,044$4,032,105
62$4,841,102$2,980,838$2,566,488$4,300,260
63$5,268,004$3,060,008$2,585,574$4,592,250
64$5,736,342$3,140,951$2,603,193$4,910,430
65$6,250,278$3,223,686$2,619,229$5,257,398
66$6,814,393$3,308,234$2,633,560$5,636,012
67$7,433,736$3,394,611$2,646,058$6,049,422
68$8,113,865$3,482,836$2,656,590$6,501,101
69$8,860,908$3,572,923$2,665,014$6,994,870
70$9,681,611$3,664,887$2,671,183$7,534,944
71$10,583,408$3,758,739$2,674,940$8,125,964
72$11,574,487$3,854,489$2,676,122$8,773,045
73$12,663,872$3,952,146$2,674,559$9,481,823
74$13,861,500$4,051,714$2,670,070$10,258,506
75$15,178,322$4,153,198$2,662,467$11,109,937
76$16,626,404$4,256,597$2,651,552$12,043,657
77$18,219,036$4,361,909$2,637,118$13,067,972
78$19,970,864$4,469,129$2,618,948$14,192,039
79$21,898,023$4,578,247$2,596,813$15,425,946
80$24,018,292$4,689,252$2,570,477$16,780,811
81$26,351,258$4,802,126$2,539,688$18,268,884
82$28,918,504$4,916,848$2,504,186$19,903,666
83$31,743,812$5,033,393$2,463,696$21,700,034
84$34,853,382$5,151,731$2,417,932$23,674,385
85$38,276,088$5,271,826$2,366,593$25,844,786
86$42,043,740$5,393,638$2,309,365$28,231,147
87$46,191,393$5,517,117$2,245,921$30,855,410
88$50,757,672$5,642,212$2,175,915$33,741,758
89$55,785,135$5,768,862$2,098,990$36,916,838
90$61,320,681$5,896,998$2,014,767$40,410,016
91$67,415,984$6,026,545$1,922,856$44,253,658
92$74,127,987$6,157,418$1,822,844$48,483,428
93$81,519,435$6,289,524$1,714,302$53,138,632
94$89,659,467$6,422,761$1,596,782$58,262,587
95$98,624,273$6,557,016$1,469,814$63,903,028
96$108,497,803$6,692,165$1,332,907$70,112,562
97$119,372,571$6,828,072$1,185,551$76,949,166
98$131,350,516$6,964,591$1,027,210$84,476,731
99$144,543,973$7,101,560$857,326$92,765,669
100$159,076,727$7,238,806$675,316$101,893,577