Can I retire at age 54 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$189,932$188,240$186,589$184,978$183,405$181,189
2 years$94,026$92,275$90,577$88,932$87,336$85,105
3 years$62,061$60,302$58,610$56,980$55,409$53,234
4 years$46,082$44,329$42,653$41,051$39,518$37,415
5 years$36,497$34,754$33,100$31,531$30,041$28,016
6 years$30,109$28,379$26,750$25,215$23,771$21,825
7 years$25,548$23,833$22,229$20,731$19,332$17,468
8 years$22,129$20,429$18,852$17,391$16,038$14,255
9 years$19,471$17,787$16,237$14,813$13,506$11,804
10 years$17,346$15,679$14,156$12,769$11,508$9,884
11 years$15,608$13,958$12,463$11,113$9,897$8,352
12 years$14,161$12,528$11,060$9,747$8,577$7,107
13 years$12,938$11,321$9,882$8,606$7,479$6,084
14 years$11,890$10,291$8,879$7,639$6,556$5,233
15 years$10,983$9,401$8,016$6,813$5,772$4,519
16 years$10,190$8,625$7,268$6,100$5,102$3,916
17 years$9,491$7,943$6,614$5,481$4,524$3,404
18 years$8,870$7,340$6,037$4,939$4,022$2,966
19 years$8,316$6,803$5,527$4,463$3,585$2,589
20 years$7,817$6,321$5,072$4,042$3,202$2,265
21 years$7,366$5,888$4,666$3,669$2,866$1,984
22 years$6,957$5,496$4,300$3,336$2,569$1,740
23 years$6,585$5,141$3,970$3,038$2,306$1,529
24 years$6,243$4,816$3,672$2,771$2,072$1,344
25 years$5,930$4,520$3,401$2,530$1,865$1,183
26 years$5,641$4,248$3,154$2,314$1,680$1,041
27 years$5,374$3,998$2,929$2,118$1,514$918
28 years$5,126$3,767$2,723$1,940$1,367$809
29 years$4,896$3,554$2,534$1,779$1,234$714
30 years$4,682$3,356$2,360$1,633$1,115$630
31 years$4,482$3,173$2,200$1,500$1,008$556
32 years$4,294$3,002$2,053$1,378$912$492
33 years$4,119$2,843$1,917$1,267$825$434
34 years$3,954$2,695$1,791$1,166$747$384
35 years$3,799$2,556$1,674$1,073$677$339
36 years$3,653$2,426$1,566$989$613$300
37 years$3,515$2,304$1,466$911$556$265
38 years$3,385$2,190$1,373$840$504$235
39 years$3,261$2,082$1,286$774$457$208
40 years$3,144$1,981$1,206$714$414$184
41 years$3,034$1,886$1,131$659$376$163
42 years$2,928$1,796$1,060$608$341$144
43 years$2,828$1,711$995$561$310$127
44 years$2,733$1,631$934$518$281$113
45 years$2,642$1,555$877$479$255$100
46 years$2,555$1,484$824$442$232$88
47 years$2,473$1,416$774$408$210$78
48 years$2,393$1,352$727$377$191$69
49 years$2,318$1,291$684$349$173$61
50 years$2,246$1,233$643$322$158$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,300,000, adding $6,931 every year, while hoping to spend $58,084 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: 80/9/11 Blend
53$2,300,000$2,300,000$2,300,000$2,300,000
54$2,541,749$2,419,849$2,384,199$2,739,671
55$2,739,207$2,476,621$2,402,269$2,927,348
56$2,954,858$2,534,228$2,418,997$3,124,981
57$3,190,498$2,592,649$2,434,278$3,340,154
58$3,448,102$2,651,862$2,447,999$3,574,593
59$3,729,845$2,711,840$2,460,044$3,830,201
60$4,038,121$2,772,552$2,470,288$4,109,072
61$4,375,569$2,833,967$2,478,602$4,413,513
62$4,745,092$2,896,046$2,484,849$4,746,066
63$5,149,887$2,958,748$2,488,888$5,109,529
64$5,593,476$3,022,027$2,490,566$5,506,986
65$6,079,738$3,085,833$2,489,727$5,941,834
66$6,612,944$3,150,112$2,486,206$6,417,814
67$7,197,798$3,214,802$2,479,828$6,939,050
68$7,839,484$3,279,837$2,470,412$7,510,083
69$8,543,707$3,345,146$2,457,768$8,135,916
70$9,316,757$3,410,649$2,441,694$8,822,063
71$10,165,558$3,476,262$2,421,982$9,574,597
72$11,097,738$3,541,893$2,398,413$10,400,211
73$12,121,703$3,607,442$2,370,755$11,306,279
74$13,246,711$3,672,800$2,338,769$12,300,925
75$14,482,959$3,737,851$2,302,202$13,393,101
76$15,841,686$3,802,470$2,260,790$14,592,671
77$17,335,268$3,866,522$2,214,257$15,910,505
78$18,977,344$3,929,860$2,162,314$17,358,580
79$20,782,940$3,992,330$2,104,657$18,950,092
80$22,768,608$4,053,762$2,040,972$20,699,584
81$24,952,587$4,113,978$1,970,926$22,623,081
82$27,354,972$4,172,784$1,894,173$24,738,241
83$29,997,902$4,229,974$1,810,351$27,064,522
84$32,905,773$4,285,327$1,719,082$29,623,367
85$36,105,461$4,338,606$1,619,970$32,438,403
86$39,626,580$4,389,561$1,512,602$35,535,670
87$43,501,763$4,437,921$1,396,545$38,943,859
88$47,766,962$4,483,398$1,271,349$42,694,590
89$52,461,794$4,525,687$1,136,541$46,822,707
90$57,629,911$4,564,459$991,629$51,366,606
91$63,319,412$4,599,368$836,098$56,368,601
92$69,583,296$4,630,041$669,412$61,875,321
93$76,479,963$4,656,084$491,009$67,938,150
94$84,073,765$4,677,077$300,303$74,613,714
95$92,435,609$4,692,574$96,682$81,964,416
96$101,643,629$4,702,099$0$90,059,021
97$111,783,926$4,705,148$0$98,987,468
98$122,951,370$4,701,184$0$108,832,141
99$135,250,507$4,689,639$0$119,673,793
100$148,796,536$4,669,909$0$131,613,926