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%16.2%
1 years$190,758$189,058$187,401$185,783$184,203$179,531
2 years$94,434$92,676$90,971$89,319$87,716$83,039
3 years$62,331$60,565$58,864$57,227$55,650$51,116
4 years$46,282$44,521$42,838$41,229$39,690$35,332
5 years$36,656$34,905$33,244$31,668$30,172$26,002
6 years$30,240$28,503$26,866$25,325$23,874$19,897
7 years$25,659$23,937$22,326$20,821$19,416$15,632
8 years$22,225$20,518$18,934$17,466$16,107$12,515
9 years$19,556$17,865$16,308$14,877$13,565$10,161
10 years$17,421$15,747$14,218$12,824$11,558$8,338
11 years$15,676$14,019$12,517$11,161$9,940$6,900
12 years$14,223$12,582$11,109$9,790$8,614$5,748
13 years$12,994$11,371$9,925$8,643$7,512$4,814
14 years$11,942$10,336$8,917$7,672$6,585$4,049
15 years$11,031$9,442$8,051$6,842$5,798$3,418
16 years$10,234$8,663$7,300$6,127$5,124$2,894
17 years$9,532$7,978$6,642$5,505$4,543$2,457
18 years$8,909$7,372$6,064$4,961$4,040$2,090
19 years$8,352$6,832$5,551$4,482$3,601$1,781
20 years$7,851$6,349$5,094$4,060$3,216$1,519
21 years$7,398$5,914$4,686$3,684$2,878$1,298
22 years$6,988$5,520$4,319$3,350$2,580$1,110
23 years$6,613$5,163$3,988$3,051$2,316$950
24 years$6,270$4,837$3,688$2,783$2,081$814
25 years$5,956$4,540$3,416$2,541$1,873$698
26 years$5,665$4,267$3,168$2,324$1,687$599
27 years$5,397$4,015$2,942$2,127$1,521$514
28 years$5,148$3,784$2,735$1,949$1,372$441
29 years$4,917$3,569$2,545$1,787$1,239$379
30 years$4,702$3,371$2,370$1,640$1,120$325
31 years$4,501$3,187$2,210$1,506$1,012$280
32 years$4,313$3,015$2,062$1,384$916$240
33 years$4,137$2,855$1,925$1,273$829$207
34 years$3,971$2,706$1,799$1,171$750$178
35 years$3,816$2,567$1,682$1,078$680$153
36 years$3,669$2,436$1,573$993$616$131
37 years$3,530$2,314$1,472$915$558$113
38 years$3,399$2,199$1,379$843$506$97
39 years$3,276$2,091$1,292$778$459$84
40 years$3,158$1,990$1,211$717$416$72
41 years$3,047$1,894$1,135$662$378$62
42 years$2,941$1,804$1,065$611$343$53
43 years$2,840$1,719$999$564$311$46
44 years$2,745$1,638$938$520$282$39
45 years$2,653$1,562$881$481$256$34
46 years$2,566$1,490$827$444$233$29
47 years$2,483$1,422$777$410$211$25
48 years$2,404$1,358$730$379$192$22
49 years$2,328$1,296$687$350$174$19
50 years$2,255$1,238$645$324$158$16

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 $4,915 every year, while hoping to spend $52,446 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: 76/11/13 Blend
53$2,310,000$2,310,000$2,310,000$2,310,000
54$2,550,690$2,428,260$2,392,455$2,737,446
55$2,755,058$2,491,442$2,416,800$2,924,482
56$2,978,514$2,555,963$2,440,203$3,122,374
57$3,222,949$2,621,832$2,462,577$3,337,859
58$3,490,447$2,689,059$2,483,830$3,572,669
59$3,783,300$2,757,650$2,503,865$3,828,714
60$4,104,034$2,827,613$2,522,583$4,108,097
61$4,455,431$2,898,951$2,539,874$4,413,133
62$4,840,553$2,971,667$2,555,628$4,746,372
63$5,262,773$3,045,763$2,569,725$5,110,624
64$5,725,806$3,121,236$2,582,042$5,508,984
65$6,233,746$3,198,084$2,592,447$5,944,862
66$6,791,098$3,276,300$2,600,805$6,422,014
67$7,402,828$3,355,877$2,606,969$6,944,576
68$8,074,405$3,436,802$2,610,791$7,517,108
69$8,811,851$3,519,063$2,612,109$8,144,633
70$9,621,803$3,602,640$2,610,758$8,832,684
71$10,511,571$3,687,514$2,606,563$9,587,357
72$11,489,209$3,773,660$2,599,340$10,415,370
73$12,563,588$3,861,048$2,588,897$11,324,124
74$13,744,481$3,949,647$2,575,033$12,321,774
75$15,042,657$4,039,418$2,557,535$13,417,307
76$16,469,978$4,130,320$2,536,183$14,620,622
77$18,039,514$4,222,304$2,510,744$15,942,631
78$19,765,666$4,315,318$2,480,975$17,395,354
79$21,664,298$4,409,303$2,446,621$18,992,039
80$23,752,890$4,504,193$2,407,417$20,747,281
81$26,050,702$4,599,915$2,363,082$22,677,166
82$28,578,953$4,696,391$2,313,326$24,799,419
83$31,361,026$4,793,533$2,257,841$27,133,569
84$34,422,680$4,891,246$2,196,309$29,701,139
85$37,792,303$4,989,427$2,128,395$32,525,847
86$41,501,171$5,087,961$2,053,748$35,633,828
87$45,583,745$5,186,726$1,972,004$39,053,880
88$50,078,000$5,285,589$1,882,779$42,817,742
89$55,025,777$5,384,404$1,785,673$46,960,387
90$60,473,182$5,483,015$1,680,269$51,520,355
91$66,471,018$5,581,254$1,566,129$56,540,117
92$73,075,264$5,678,938$1,442,797$62,066,476
93$80,347,606$5,775,871$1,309,796$68,151,007
94$88,356,015$5,871,842$1,166,627$74,850,546
95$97,175,389$5,966,623$1,012,770$82,227,728
96$106,888,262$6,059,971$847,681$90,351,575
97$117,585,579$6,151,624$670,793$99,298,149
98$129,367,556$6,241,301$481,512$109,151,272
99$142,344,625$6,328,703$279,220$120,003,314
100$156,638,474$6,413,507$63,271$131,956,071