Can I retire at age 54 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$194,887$193,151$191,457$189,804$188,190$182,239
2 years$96,479$94,682$92,940$91,252$89,614$83,672
3 years$63,680$61,876$60,139$58,466$56,855$51,109
4 years$47,284$45,485$43,765$42,121$40,549$35,043
5 years$37,449$35,661$33,964$32,353$30,825$25,574
6 years$30,895$29,120$27,448$25,873$24,391$19,398
7 years$26,215$24,455$22,809$21,272$19,836$15,103
8 years$22,706$20,962$19,344$17,844$16,456$11,978
9 years$19,979$18,251$16,661$15,199$13,858$9,631
10 years$17,798$16,088$14,525$13,102$11,808$7,824
11 years$16,015$14,322$12,788$11,403$10,155$6,409
12 years$14,531$12,855$11,349$10,002$8,800$5,282
13 years$13,275$11,617$10,140$8,830$7,674$4,377
14 years$12,200$10,559$9,110$7,838$6,727$3,641
15 years$11,269$9,646$8,226$6,990$5,923$3,039
16 years$10,456$8,850$7,458$6,259$5,235$2,544
17 years$9,738$8,151$6,786$5,624$4,642$2,134
18 years$9,102$7,532$6,195$5,068$4,127$1,794
19 years$8,532$6,980$5,671$4,580$3,679$1,510
20 years$8,021$6,486$5,205$4,148$3,286$1,273
21 years$7,559$6,042$4,787$3,764$2,940$1,074
22 years$7,139$5,640$4,412$3,423$2,636$908
23 years$6,756$5,275$4,074$3,117$2,366$767
24 years$6,406$4,942$3,768$2,843$2,127$649
25 years$6,084$4,638$3,490$2,596$1,914$549
26 years$5,788$4,359$3,236$2,374$1,724$465
27 years$5,514$4,102$3,005$2,173$1,554$394
28 years$5,260$3,866$2,794$1,991$1,402$334
29 years$5,024$3,647$2,600$1,826$1,266$283
30 years$4,804$3,444$2,422$1,675$1,144$240
31 years$4,599$3,256$2,258$1,539$1,034$203
32 years$4,407$3,080$2,106$1,414$936$172
33 years$4,226$2,917$1,967$1,300$847$146
34 years$4,057$2,765$1,838$1,197$767$124
35 years$3,898$2,622$1,718$1,101$694$105
36 years$3,748$2,489$1,607$1,014$629$89
37 years$3,607$2,364$1,504$935$570$76
38 years$3,473$2,247$1,409$862$517$64
39 years$3,346$2,136$1,320$794$469$55
40 years$3,226$2,033$1,237$733$425$46
41 years$3,113$1,935$1,160$676$386$39
42 years$3,005$1,843$1,088$624$350$33
43 years$2,902$1,756$1,021$576$318$28
44 years$2,804$1,674$958$532$288$24
45 years$2,711$1,596$900$491$262$20
46 years$2,622$1,522$845$454$238$17
47 years$2,537$1,453$794$419$216$15
48 years$2,456$1,387$746$387$196$12
49 years$2,378$1,324$701$358$178$11
50 years$2,304$1,265$659$331$162$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,360,000, adding $5,015 every year, while hoping to spend $57,697 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: 59/28/13 Blend
53$2,360,000$2,360,000$2,360,000$2,360,000
54$2,605,893$2,480,813$2,444,233$2,750,954
55$2,810,305$2,540,984$2,464,726$2,909,494
56$3,033,633$2,602,169$2,483,971$3,075,406
57$3,277,746$2,664,358$2,501,866$3,254,950
58$3,544,701$2,727,536$2,518,304$3,449,445
59$3,836,763$2,791,688$2,533,170$3,660,344
60$4,156,426$2,856,794$2,546,344$3,889,247
61$4,506,437$2,922,832$2,557,702$4,137,916
62$4,889,820$2,989,777$2,567,111$4,408,293
63$5,309,905$3,057,600$2,574,433$4,702,517
64$5,770,360$3,126,267$2,579,521$5,022,942
65$6,275,226$3,195,743$2,582,224$5,372,165
66$6,828,951$3,265,986$2,582,380$5,753,045
67$7,436,435$3,336,951$2,579,822$6,168,733
68$8,103,078$3,408,588$2,574,372$6,622,699
69$8,834,824$3,480,841$2,565,846$7,118,769
70$9,638,223$3,553,649$2,554,049$7,661,157
71$10,520,490$3,626,946$2,538,777$8,254,506
72$11,489,571$3,700,658$2,519,818$8,903,936
73$12,554,223$3,774,705$2,496,947$9,615,084
74$13,724,089$3,849,001$2,469,930$10,394,164
75$15,009,796$3,923,452$2,438,523$11,248,026
76$16,423,049$3,997,956$2,402,467$12,184,216
77$17,976,746$4,072,401$2,361,495$13,211,049
78$19,685,093$4,146,668$2,315,325$14,337,692
79$21,563,746$4,220,627$2,263,661$15,574,246
80$23,629,950$4,294,140$2,206,196$16,931,840
81$25,902,708$4,367,057$2,142,607$18,422,745
82$28,402,957$4,439,215$2,072,557$20,060,478
83$31,153,763$4,510,441$1,995,692$21,859,940
84$34,180,544$4,580,549$1,911,644$23,837,553
85$37,511,302$4,649,339$1,820,027$26,011,413
86$41,176,895$4,716,597$1,720,438$28,401,466
87$45,211,320$4,782,092$1,612,455$31,029,694
88$49,652,040$4,845,580$1,495,637$33,920,322
89$54,540,332$4,906,797$1,369,525$37,100,050
90$59,921,679$4,965,463$1,233,637$40,598,302
91$65,846,197$5,021,278$1,087,472$44,447,510
92$72,369,111$5,073,922$930,503$48,683,413
93$79,551,270$5,123,054$762,185$53,345,402
94$87,459,725$5,168,309$581,943$58,476,889
95$96,168,360$5,209,300$389,182$64,125,718
96$105,758,590$5,245,613$183,277$70,344,619
97$116,320,127$5,276,808$0$77,191,704
98$127,951,827$5,302,419$0$84,736,077
99$140,762,622$5,321,946$0$93,070,723
100$154,872,549$5,334,861$0$102,248,084