Can I retire at age 54 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$194,061$192,332$190,646$189,000$187,392$185,204
2 years$96,070$94,280$92,546$90,865$89,234$87,032
3 years$63,410$61,613$59,884$58,218$56,614$54,466
4 years$47,084$45,292$43,580$41,943$40,378$38,300
5 years$37,290$35,510$33,820$32,216$30,694$28,693
6 years$30,764$28,996$27,331$25,764$24,287$22,366
7 years$26,103$24,351$22,713$21,182$19,752$17,910
8 years$22,610$20,873$19,262$17,769$16,386$14,624
9 years$19,894$18,174$16,590$15,135$13,800$12,116
10 years$17,723$16,020$14,464$13,047$11,758$10,153
11 years$15,948$14,261$12,734$11,354$10,112$8,583
12 years$14,469$12,800$11,301$9,959$8,763$7,309
13 years$13,219$11,568$10,097$8,793$7,642$6,261
14 years$12,149$10,515$9,072$7,805$6,699$5,389
15 years$11,222$9,605$8,191$6,961$5,898$4,657
16 years$10,411$8,813$7,426$6,233$5,213$4,039
17 years$9,697$8,116$6,757$5,600$4,622$3,512
18 years$9,063$7,500$6,169$5,047$4,110$3,062
19 years$8,496$6,951$5,647$4,560$3,663$2,676
20 years$7,987$6,459$5,183$4,130$3,272$2,342
21 years$7,527$6,016$4,767$3,748$2,928$2,053
22 years$7,109$5,616$4,394$3,408$2,624$1,803
23 years$6,728$5,252$4,057$3,104$2,356$1,584
24 years$6,379$4,921$3,752$2,831$2,117$1,394
25 years$6,059$4,618$3,475$2,585$1,905$1,228
26 years$5,763$4,340$3,223$2,364$1,716$1,082
27 years$5,491$4,085$2,993$2,164$1,547$954
28 years$5,238$3,849$2,782$1,982$1,396$842
29 years$5,003$3,631$2,589$1,818$1,261$744
30 years$4,784$3,429$2,411$1,668$1,139$657
31 years$4,579$3,242$2,248$1,532$1,030$580
32 years$4,388$3,067$2,098$1,408$932$513
33 years$4,209$2,905$1,958$1,295$843$454
34 years$4,040$2,753$1,830$1,191$763$401
35 years$3,882$2,611$1,711$1,097$691$355
36 years$3,732$2,479$1,600$1,010$626$314
37 years$3,591$2,354$1,498$931$568$278
38 years$3,458$2,237$1,403$858$515$246
39 years$3,332$2,127$1,314$791$467$218
40 years$3,213$2,024$1,232$730$423$193
41 years$3,100$1,927$1,155$673$384$171
42 years$2,992$1,835$1,084$621$349$152
43 years$2,890$1,748$1,017$573$316$134
44 years$2,792$1,666$954$529$287$119
45 years$2,699$1,589$896$489$261$105
46 years$2,611$1,516$842$452$237$93
47 years$2,526$1,447$791$417$215$83
48 years$2,446$1,381$743$386$195$73
49 years$2,368$1,319$698$356$177$65
50 years$2,294$1,260$657$329$161$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,350,000, adding $3,228 every year, while hoping to spend $47,217 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: 76/19/5 Blend
53$2,350,000$2,350,000$2,350,000$2,350,000
54$2,593,030$2,468,480$2,432,055$2,789,089
55$2,807,280$2,539,197$2,463,290$2,988,977
56$3,041,802$2,611,796$2,493,989$3,201,590
57$3,298,612$2,686,321$2,524,084$3,433,227
58$3,579,933$2,762,813$2,553,504$3,685,754
59$3,888,213$2,841,317$2,582,172$3,961,226
60$4,226,145$2,921,876$2,610,010$4,261,904
61$4,596,698$3,004,535$2,636,932$4,590,279
62$5,003,142$3,089,337$2,662,849$4,949,094
63$5,449,076$3,176,329$2,687,669$5,341,368
64$5,938,468$3,265,555$2,711,291$5,770,427
65$6,475,685$3,357,061$2,733,614$6,239,934
66$7,065,541$3,450,893$2,754,526$6,753,924
67$7,713,337$3,547,097$2,773,912$7,316,839
68$8,424,911$3,645,719$2,791,652$7,933,572
69$9,206,697$3,746,804$2,807,618$8,609,516
70$10,065,783$3,850,401$2,821,676$9,350,608
71$11,009,976$3,956,553$2,833,685$10,163,389
72$12,047,877$4,065,308$2,843,497$11,055,065
73$13,188,963$4,176,710$2,850,957$12,033,574
74$14,443,674$4,290,805$2,855,900$13,107,660
75$15,823,512$4,407,639$2,858,157$14,286,958
76$17,341,152$4,527,255$2,857,547$15,582,081
77$19,010,555$4,649,696$2,853,881$17,004,722
78$20,847,107$4,775,006$2,846,961$18,567,766
79$22,867,758$4,903,227$2,836,579$20,285,407
80$25,091,183$5,034,400$2,822,519$22,173,282
81$27,537,962$5,168,563$2,804,552$24,248,624
82$30,230,768$5,305,757$2,782,438$26,530,418
83$33,194,584$5,446,016$2,755,927$29,039,582
84$36,456,938$5,589,378$2,724,757$31,799,165
85$40,048,162$5,735,873$2,688,653$34,834,564
86$44,001,678$5,885,535$2,647,326$38,173,761
87$48,354,314$6,038,391$2,600,477$41,847,592
88$53,146,650$6,194,467$2,547,788$45,890,032
89$58,423,399$6,353,788$2,488,930$50,338,518
90$64,233,835$6,516,372$2,423,558$55,234,302
91$70,632,250$6,682,238$2,351,311$60,622,842
92$77,678,469$6,851,398$2,271,810$66,554,227
93$85,438,417$7,023,861$2,184,660$73,083,650
94$93,984,738$7,199,632$2,089,448$80,271,933
95$103,397,479$7,378,711$1,985,742$88,186,094
96$113,764,847$7,561,094$1,873,090$96,899,986
97$125,184,044$7,746,770$1,751,021$106,494,990
98$137,762,176$7,935,721$1,619,040$117,060,783
99$151,617,273$8,127,927$1,476,633$128,696,185
100$166,879,396$8,323,356$1,323,261$141,510,091