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%19.2%
1 years$190,758$189,058$187,401$185,783$184,203$177,385
2 years$94,434$92,676$90,971$89,319$87,716$80,924
3 years$62,331$60,565$58,864$57,227$55,650$49,098
4 years$46,282$44,521$42,838$41,229$39,690$33,428
5 years$36,656$34,905$33,244$31,668$30,172$24,215
6 years$30,240$28,503$26,866$25,325$23,874$18,227
7 years$25,659$23,937$22,326$20,821$19,416$14,078
8 years$22,225$20,518$18,934$17,466$16,107$11,073
9 years$19,556$17,865$16,308$14,877$13,565$8,827
10 years$17,421$15,747$14,218$12,824$11,558$7,109
11 years$15,676$14,019$12,517$11,161$9,940$5,770
12 years$14,223$12,582$11,109$9,790$8,614$4,712
13 years$12,994$11,371$9,925$8,643$7,512$3,867
14 years$11,942$10,336$8,917$7,672$6,585$3,186
15 years$11,031$9,442$8,051$6,842$5,798$2,633
16 years$10,234$8,663$7,300$6,127$5,124$2,182
17 years$9,532$7,978$6,642$5,505$4,543$1,811
18 years$8,909$7,372$6,064$4,961$4,040$1,507
19 years$8,352$6,832$5,551$4,482$3,601$1,255
20 years$7,851$6,349$5,094$4,060$3,216$1,047
21 years$7,398$5,914$4,686$3,684$2,878$874
22 years$6,988$5,520$4,319$3,350$2,580$730
23 years$6,613$5,163$3,988$3,051$2,316$610
24 years$6,270$4,837$3,688$2,783$2,081$511
25 years$5,956$4,540$3,416$2,541$1,873$427
26 years$5,665$4,267$3,168$2,324$1,687$358
27 years$5,397$4,015$2,942$2,127$1,521$300
28 years$5,148$3,784$2,735$1,949$1,372$251
29 years$4,917$3,569$2,545$1,787$1,239$210
30 years$4,702$3,371$2,370$1,640$1,120$176
31 years$4,501$3,187$2,210$1,506$1,012$148
32 years$4,313$3,015$2,062$1,384$916$124
33 years$4,137$2,855$1,925$1,273$829$104
34 years$3,971$2,706$1,799$1,171$750$87
35 years$3,816$2,567$1,682$1,078$680$73
36 years$3,669$2,436$1,573$993$616$61
37 years$3,530$2,314$1,472$915$558$51
38 years$3,399$2,199$1,379$843$506$43
39 years$3,276$2,091$1,292$778$459$36
40 years$3,158$1,990$1,211$717$416$30
41 years$3,047$1,894$1,135$662$378$25
42 years$2,941$1,804$1,065$611$343$21
43 years$2,840$1,719$999$564$311$18
44 years$2,745$1,638$938$520$282$15
45 years$2,653$1,562$881$481$256$13
46 years$2,566$1,490$827$444$233$11
47 years$2,483$1,422$777$410$211$9
48 years$2,404$1,358$730$379$192$7
49 years$2,328$1,296$687$350$174$6
50 years$2,255$1,238$645$324$158$5

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 $2,142 every year, while hoping to spend $21,279 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: 65/19/16 Blend
53$2,310,000$2,310,000$2,310,000$2,310,000
54$2,547,829$2,425,399$2,389,594$2,703,381
55$2,785,067$2,521,603$2,447,005$2,903,995
56$3,045,790$2,621,808$2,505,626$3,120,473
57$3,332,371$2,726,187$2,565,475$3,356,512
58$3,647,425$2,834,922$2,626,570$3,614,020
59$3,993,831$2,948,202$2,688,929$3,895,104
60$4,374,764$3,066,226$2,752,570$4,202,078
61$4,793,718$3,189,199$2,817,510$4,537,491
62$5,254,547$3,317,340$2,883,766$4,904,148
63$5,761,495$3,450,873$2,951,356$5,305,138
64$6,319,237$3,590,035$3,020,296$5,743,859
65$6,932,926$3,735,074$3,090,602$6,224,054
66$7,608,238$3,886,247$3,162,292$6,749,844
67$8,351,430$4,043,824$3,235,380$7,325,766
68$9,169,392$4,208,088$3,309,881$7,956,815
69$10,069,719$4,379,333$3,385,811$8,648,492
70$11,060,779$4,557,869$3,463,184$9,406,856
71$12,151,790$4,744,017$3,542,013$10,238,576
72$13,352,914$4,938,114$3,622,312$11,150,999
73$14,675,344$5,140,515$3,704,092$12,152,217
74$16,131,416$5,351,586$3,787,365$13,251,141
75$17,734,721$5,571,715$3,872,143$14,457,585
76$19,500,237$5,801,304$3,958,434$15,782,360
77$21,444,468$6,040,774$4,046,249$17,237,374
78$23,585,599$6,290,568$4,135,594$18,835,741
79$25,943,671$6,551,146$4,226,476$20,591,909
80$28,540,764$6,822,991$4,318,902$22,521,794
81$31,401,212$7,106,608$4,412,876$24,642,926
82$34,551,829$7,402,525$4,508,400$26,974,617
83$38,022,161$7,711,294$4,605,477$29,538,143
84$41,844,768$8,033,494$4,704,107$32,356,940
85$46,055,527$8,369,727$4,804,287$35,456,829
86$50,693,975$8,720,629$4,906,015$38,866,256
87$55,803,679$9,086,859$5,009,286$42,616,558
88$61,432,650$9,469,110$5,114,092$46,742,263
89$67,633,790$9,868,107$5,220,424$51,281,408
90$74,465,400$10,284,607$5,328,272$56,275,902
91$81,991,723$10,719,404$5,437,621$61,771,919
92$90,283,552$11,173,329$5,548,454$67,820,332
93$99,418,901$11,647,248$5,660,754$74,477,191
94$109,483,738$12,142,073$5,774,498$81,804,254
95$120,572,798$12,658,753$5,889,663$89,869,564
96$132,790,476$13,198,284$6,006,219$98,748,094
97$146,251,813$13,761,709$6,124,137$108,522,451
98$161,083,584$14,350,119$6,243,381$119,283,655
99$177,425,489$14,964,653$6,363,913$131,131,995
100$195,431,476$15,606,509$6,485,692$144,177,975