Can I retire at age 54 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$196,538$194,788$193,080$191,412$189,785$184,004
2 years$97,296$95,484$93,728$92,025$90,374$84,600
3 years$64,220$62,400$60,648$58,961$57,337$51,750
4 years$47,685$45,871$44,136$42,478$40,893$35,537
5 years$37,766$35,963$34,252$32,627$31,086$25,975
6 years$31,156$29,367$27,680$26,092$24,597$19,735
7 years$26,437$24,662$23,003$21,452$20,004$15,391
8 years$22,899$21,140$19,508$17,996$16,596$12,228
9 years$20,148$18,406$16,802$15,328$13,976$9,850
10 years$17,949$16,224$14,649$13,213$11,908$8,018
11 years$16,151$14,443$12,896$11,499$10,241$6,580
12 years$14,654$12,964$11,445$10,086$8,875$5,434
13 years$13,388$11,715$10,226$8,905$7,739$4,511
14 years$12,304$10,649$9,188$7,905$6,784$3,761
15 years$11,365$9,728$8,295$7,050$5,973$3,146
16 years$10,544$8,925$7,521$6,312$5,279$2,639
17 years$9,821$8,220$6,844$5,671$4,681$2,219
18 years$9,179$7,595$6,247$5,111$4,162$1,869
19 years$8,605$7,039$5,719$4,618$3,710$1,577
20 years$8,089$6,541$5,249$4,183$3,314$1,333
21 years$7,623$6,093$4,828$3,796$2,965$1,127
22 years$7,199$5,688$4,450$3,452$2,658$954
23 years$6,814$5,319$4,108$3,143$2,386$809
24 years$6,460$4,984$3,800$2,867$2,145$686
25 years$6,136$4,677$3,519$2,618$1,930$582
26 years$5,837$4,396$3,264$2,394$1,738$494
27 years$5,561$4,137$3,031$2,191$1,567$419
28 years$5,305$3,898$2,818$2,008$1,414$356
29 years$5,066$3,678$2,622$1,841$1,277$303
30 years$4,845$3,473$2,442$1,690$1,154$257
31 years$4,638$3,283$2,277$1,552$1,043$219
32 years$4,444$3,107$2,124$1,426$944$186
33 years$4,262$2,942$1,983$1,311$854$158
34 years$4,092$2,788$1,853$1,207$773$134
35 years$3,931$2,645$1,733$1,111$700$114
36 years$3,780$2,510$1,621$1,023$634$97
37 years$3,637$2,384$1,517$943$575$83
38 years$3,502$2,266$1,421$869$521$70
39 years$3,375$2,155$1,331$801$473$60
40 years$3,254$2,050$1,248$739$429$51
41 years$3,139$1,951$1,170$682$389$43
42 years$3,030$1,858$1,097$629$353$37
43 years$2,926$1,771$1,030$581$320$31
44 years$2,828$1,688$967$536$291$27
45 years$2,734$1,609$908$495$264$23
46 years$2,644$1,535$852$457$240$19
47 years$2,559$1,465$801$423$218$16
48 years$2,477$1,399$753$391$198$14
49 years$2,399$1,336$707$361$180$12
50 years$2,324$1,276$665$334$163$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,380,000, adding $6,192 every year, while hoping to spend $49,973 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: 67/12/21 Blend
53$2,380,000$2,380,000$2,380,000$2,380,000
54$2,629,147$2,503,007$2,466,117$2,790,998
55$2,844,149$2,572,484$2,495,561$2,969,718
56$3,079,407$2,643,689$2,524,317$3,158,758
57$3,336,933$2,716,657$2,552,308$3,364,301
58$3,618,944$2,791,418$2,579,455$3,587,969
59$3,927,883$2,868,003$2,605,673$3,831,551
60$4,266,437$2,946,446$2,630,873$4,097,017
61$4,637,568$3,026,776$2,654,962$4,386,536
62$5,044,537$3,109,025$2,677,840$4,702,501
63$5,490,936$3,193,223$2,699,403$5,047,543
64$5,980,721$3,279,401$2,719,543$5,424,564
65$6,518,250$3,367,586$2,738,143$5,836,760
66$7,108,323$3,457,810$2,755,082$6,287,654
67$7,756,227$3,550,098$2,770,233$6,781,125
68$8,467,788$3,644,478$2,783,461$7,321,448
69$9,249,421$3,740,976$2,794,626$7,913,333
70$10,108,195$3,839,618$2,803,579$8,561,970
71$11,051,898$3,940,425$2,810,166$9,273,079
72$12,089,106$4,043,421$2,814,221$10,052,961
73$13,229,273$4,148,627$2,815,576$10,908,559
74$14,482,809$4,256,060$2,814,048$11,847,525
75$15,861,187$4,365,738$2,809,450$12,878,291
76$17,377,045$4,477,677$2,801,584$14,010,146
77$19,044,309$4,591,887$2,790,241$15,253,329
78$20,878,319$4,708,381$2,775,205$16,619,123
79$22,895,980$4,827,164$2,756,247$18,119,958
80$25,115,918$4,948,242$2,733,129$19,769,537
81$27,558,652$5,071,616$2,705,599$21,582,956
82$30,246,793$5,197,285$2,673,395$23,576,853
83$33,205,255$5,325,241$2,636,244$25,769,563
84$36,461,490$5,455,476$2,593,856$28,181,289
85$40,045,743$5,587,976$2,545,931$30,834,299
86$43,991,343$5,722,721$2,492,154$33,753,129
87$48,335,013$5,859,688$2,432,195$36,964,819
88$53,117,220$5,998,848$2,365,709$40,499,168
89$58,382,551$6,140,165$2,292,334$44,389,015
90$64,180,137$6,283,600$2,211,694$48,670,550
91$70,564,119$6,429,104$2,123,393$53,383,653
92$77,594,151$6,576,622$2,027,019$58,572,276
93$85,335,970$6,726,092$1,922,140$64,284,852
94$93,862,012$6,877,443$1,808,304$70,574,757
95$103,252,095$7,030,597$1,685,041$77,500,815
96$113,594,177$7,185,464$1,551,858$85,127,847
97$124,985,177$7,341,946$1,408,239$93,527,291
98$137,531,898$7,499,934$1,253,648$102,777,873
99$151,352,028$7,659,307$1,087,522$112,966,352
100$166,575,256$7,819,934$909,275$124,188,336