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%11.5%
1 years$190,758$189,058$187,401$185,783$184,203$183,042
2 years$94,434$92,676$90,971$89,319$87,716$86,545
3 years$62,331$60,565$58,864$57,227$55,650$54,506
4 years$46,282$44,521$42,838$41,229$39,690$38,580
5 years$36,656$34,905$33,244$31,668$30,172$29,100
6 years$30,240$28,503$26,866$25,325$23,874$22,842
7 years$25,659$23,937$22,326$20,821$19,416$18,424
8 years$22,225$20,518$18,934$17,466$16,107$15,156
9 years$19,556$17,865$16,308$14,877$13,565$12,653
10 years$17,421$15,747$14,218$12,824$11,558$10,685
11 years$15,676$14,019$12,517$11,161$9,940$9,107
12 years$14,223$12,582$11,109$9,790$8,614$7,818
13 years$12,994$11,371$9,925$8,643$7,512$6,753
14 years$11,942$10,336$8,917$7,672$6,585$5,863
15 years$11,031$9,442$8,051$6,842$5,798$5,111
16 years$10,234$8,663$7,300$6,127$5,124$4,472
17 years$9,532$7,978$6,642$5,505$4,543$3,925
18 years$8,909$7,372$6,064$4,961$4,040$3,454
19 years$8,352$6,832$5,551$4,482$3,601$3,046
20 years$7,851$6,349$5,094$4,060$3,216$2,692
21 years$7,398$5,914$4,686$3,684$2,878$2,383
22 years$6,988$5,520$4,319$3,350$2,580$2,112
23 years$6,613$5,163$3,988$3,051$2,316$1,875
24 years$6,270$4,837$3,688$2,783$2,081$1,666
25 years$5,956$4,540$3,416$2,541$1,873$1,482
26 years$5,665$4,267$3,168$2,324$1,687$1,320
27 years$5,397$4,015$2,942$2,127$1,521$1,176
28 years$5,148$3,784$2,735$1,949$1,372$1,049
29 years$4,917$3,569$2,545$1,787$1,239$936
30 years$4,702$3,371$2,370$1,640$1,120$835
31 years$4,501$3,187$2,210$1,506$1,012$746
32 years$4,313$3,015$2,062$1,384$916$667
33 years$4,137$2,855$1,925$1,273$829$596
34 years$3,971$2,706$1,799$1,171$750$533
35 years$3,816$2,567$1,682$1,078$680$477
36 years$3,669$2,436$1,573$993$616$427
37 years$3,530$2,314$1,472$915$558$382
38 years$3,399$2,199$1,379$843$506$342
39 years$3,276$2,091$1,292$778$459$306
40 years$3,158$1,990$1,211$717$416$274
41 years$3,047$1,894$1,135$662$378$245
42 years$2,941$1,804$1,065$611$343$220
43 years$2,840$1,719$999$564$311$197
44 years$2,745$1,638$938$520$282$177
45 years$2,653$1,562$881$481$256$158
46 years$2,566$1,490$827$444$233$142
47 years$2,483$1,422$777$410$211$127
48 years$2,404$1,358$730$379$192$114
49 years$2,328$1,296$687$350$174$102
50 years$2,255$1,238$645$324$158$91

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 $5,285 every year, while hoping to spend $48,151 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: 58/29/13 Blend
53$2,310,000$2,310,000$2,310,000$2,310,000
54$2,551,071$2,428,641$2,392,836$2,690,426
55$2,760,048$2,496,413$2,421,764$2,852,904
56$2,988,727$2,565,891$2,450,047$3,024,128
57$3,239,067$2,637,109$2,477,613$3,209,633
58$3,513,224$2,710,099$2,504,385$3,410,798
59$3,813,573$2,784,895$2,530,283$3,629,141
60$4,142,732$2,861,529$2,555,222$3,866,331
61$4,503,580$2,940,033$2,579,111$4,124,209
62$4,899,291$3,020,440$2,601,857$4,404,799
63$5,333,359$3,102,782$2,623,359$4,710,332
64$5,809,634$3,187,091$2,643,514$5,043,264
65$6,332,355$3,273,397$2,662,211$5,406,300
66$6,906,194$3,361,732$2,679,333$5,802,418
67$7,536,294$3,452,125$2,694,759$6,234,900
68$8,228,322$3,544,606$2,708,360$6,707,360
69$8,988,523$3,639,203$2,720,002$7,223,779
70$9,823,773$3,735,944$2,729,542$7,788,542
71$10,741,648$3,834,856$2,736,832$8,406,481
72$11,750,496$3,935,964$2,741,716$9,082,916
73$12,859,512$4,039,292$2,744,029$9,823,712
74$14,078,827$4,144,862$2,743,599$10,635,326
75$15,419,604$4,252,697$2,740,246$11,524,877
76$16,894,139$4,362,814$2,733,779$12,500,204
77$18,515,981$4,475,232$2,724,001$13,569,946
78$20,300,058$4,589,965$2,710,702$14,743,621
79$22,262,818$4,707,027$2,693,664$16,031,717
80$24,422,381$4,826,428$2,672,658$17,445,788
81$26,798,717$4,948,175$2,647,445$18,998,568
82$29,413,824$5,072,274$2,617,772$20,704,086
83$32,291,943$5,198,725$2,583,377$22,577,801
84$35,459,785$5,327,526$2,543,983$24,636,748
85$38,946,779$5,458,671$2,499,303$26,899,696
86$42,785,355$5,592,150$2,449,035$29,387,331
87$47,011,245$5,727,949$2,392,861$32,122,443
88$51,663,822$5,866,049$2,330,452$35,130,148
89$56,786,471$6,006,424$2,261,461$38,438,124
90$62,426,998$6,149,046$2,185,526$42,076,868
91$68,638,079$6,293,877$2,102,270$46,079,987
92$75,477,763$6,440,876$2,011,295$50,484,518
93$83,010,010$6,589,994$1,912,189$55,331,272
94$91,305,302$6,741,175$1,804,518$60,665,223
95$100,441,304$6,894,354$1,687,831$66,535,932
96$110,503,599$7,049,459$1,561,655$72,998,014
97$121,586,492$7,206,408$1,425,496$80,111,655
98$133,793,903$7,365,111$1,278,839$87,943,181
99$147,240,346$7,525,467$1,121,145$96,565,680
100$162,052,010$7,687,363$951,852$106,059,699