Can I retire at age 54 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$190,758$189,058$187,401$185,783$184,203$176,894
2 years$94,434$92,676$90,971$89,319$87,716$80,443
3 years$62,331$60,565$58,864$57,227$55,650$48,643
4 years$46,282$44,521$42,838$41,229$39,690$33,001
5 years$36,656$34,905$33,244$31,668$30,172$23,818
6 years$30,240$28,503$26,866$25,325$23,874$17,859
7 years$25,659$23,937$22,326$20,821$19,416$13,738
8 years$22,225$20,518$18,934$17,466$16,107$10,761
9 years$19,556$17,865$16,308$14,877$13,565$8,542
10 years$17,421$15,747$14,218$12,824$11,558$6,848
11 years$15,676$14,019$12,517$11,161$9,940$5,533
12 years$14,223$12,582$11,109$9,790$8,614$4,497
13 years$12,994$11,371$9,925$8,643$7,512$3,673
14 years$11,942$10,336$8,917$7,672$6,585$3,011
15 years$11,031$9,442$8,051$6,842$5,798$2,476
16 years$10,234$8,663$7,300$6,127$5,124$2,041
17 years$9,532$7,978$6,642$5,505$4,543$1,686
18 years$8,909$7,372$6,064$4,961$4,040$1,395
19 years$8,352$6,832$5,551$4,482$3,601$1,156
20 years$7,851$6,349$5,094$4,060$3,216$959
21 years$7,398$5,914$4,686$3,684$2,878$796
22 years$6,988$5,520$4,319$3,350$2,580$662
23 years$6,613$5,163$3,988$3,051$2,316$550
24 years$6,270$4,837$3,688$2,783$2,081$458
25 years$5,956$4,540$3,416$2,541$1,873$381
26 years$5,665$4,267$3,168$2,324$1,687$317
27 years$5,397$4,015$2,942$2,127$1,521$264
28 years$5,148$3,784$2,735$1,949$1,372$220
29 years$4,917$3,569$2,545$1,787$1,239$183
30 years$4,702$3,371$2,370$1,640$1,120$153
31 years$4,501$3,187$2,210$1,506$1,012$127
32 years$4,313$3,015$2,062$1,384$916$106
33 years$4,137$2,855$1,925$1,273$829$88
34 years$3,971$2,706$1,799$1,171$750$74
35 years$3,816$2,567$1,682$1,078$680$61
36 years$3,669$2,436$1,573$993$616$51
37 years$3,530$2,314$1,472$915$558$43
38 years$3,399$2,199$1,379$843$506$36
39 years$3,276$2,091$1,292$778$459$30
40 years$3,158$1,990$1,211$717$416$25
41 years$3,047$1,894$1,135$662$378$21
42 years$2,941$1,804$1,065$611$343$17
43 years$2,840$1,719$999$564$311$14
44 years$2,745$1,638$938$520$282$12
45 years$2,653$1,562$881$481$256$10
46 years$2,566$1,490$827$444$233$8
47 years$2,483$1,422$777$410$211$7
48 years$2,404$1,358$730$379$192$6
49 years$2,328$1,296$687$350$174$5
50 years$2,255$1,238$645$324$158$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,310,000, adding $2,675 every year, while hoping to spend $54,196 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: 77/12/11 Blend
53$2,310,000$2,310,000$2,310,000$2,310,000
54$2,548,379$2,425,949$2,390,144$2,739,261
55$2,750,650$2,487,157$2,412,550$2,926,471
56$2,971,736$2,549,547$2,433,890$3,124,511
57$3,213,498$2,613,120$2,454,071$3,340,118
58$3,477,988$2,677,876$2,472,996$3,575,022
59$3,767,463$2,743,812$2,490,560$3,831,125
60$4,084,407$2,810,922$2,506,658$4,110,524
61$4,431,559$2,879,199$2,521,173$4,415,528
62$4,811,932$2,948,635$2,533,986$4,748,680
63$5,228,847$3,019,215$2,544,972$5,112,781
64$5,685,959$3,090,926$2,553,998$5,510,917
65$6,187,295$3,163,750$2,560,926$5,946,487
66$6,737,290$3,237,665$2,565,608$6,423,235
67$7,340,830$3,312,647$2,567,892$6,945,286
68$8,003,296$3,388,667$2,567,618$7,517,185
69$8,730,615$3,465,695$2,564,615$8,143,939
70$9,529,316$3,543,692$2,558,709$8,831,062
71$10,406,592$3,622,619$2,549,711$9,584,634
72$11,370,367$3,702,430$2,537,429$10,411,349
73$12,429,370$3,783,075$2,521,659$11,318,585
74$13,593,217$3,864,496$2,502,185$12,314,470
75$14,872,501$3,946,633$2,478,785$13,407,962
76$16,278,895$4,029,417$2,451,223$14,608,929
77$17,825,258$4,112,773$2,419,254$15,928,244
78$19,525,755$4,196,620$2,382,620$17,377,891
79$21,395,996$4,280,869$2,341,052$18,971,072
80$23,453,179$4,365,422$2,294,268$20,722,335
81$25,716,250$4,450,175$2,241,972$22,647,712
82$28,206,085$4,535,012$2,183,857$24,764,868
83$30,945,688$4,619,809$2,119,598$27,093,269
84$33,960,401$4,704,433$2,048,858$29,654,366
85$37,278,150$4,788,738$1,971,282$32,471,795
86$40,929,704$4,872,569$1,886,503$35,571,605
87$44,948,966$4,955,756$1,794,132$38,982,498
88$49,373,291$5,038,120$1,693,767$42,736,105
89$54,243,844$5,119,464$1,584,985$46,867,282
90$59,605,978$5,199,580$1,467,344$51,414,438
91$65,509,672$5,278,244$1,340,385$56,419,901
92$72,009,995$5,355,215$1,203,624$61,930,315
93$79,167,629$5,430,234$1,056,560$67,997,083
94$87,049,439$5,503,028$898,666$74,676,847
95$95,729,105$5,573,299$729,395$82,032,029
96$105,287,816$5,640,733$548,172$90,131,417
97$115,815,038$5,704,994$354,400$99,050,817
98$127,409,354$5,765,720$147,455$108,873,765
99$140,179,398$5,822,530$0$119,692,317
100$154,244,876$5,875,014$0$131,616,538