Can I retire at age 54 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$197,364$195,606$193,891$192,217$190,582$186,734
2 years$97,705$95,885$94,122$92,412$90,753$86,893
3 years$64,490$62,662$60,903$59,209$57,578$53,826
4 years$47,885$46,063$44,322$42,657$41,065$37,451
5 years$37,925$36,114$34,396$32,765$31,217$27,750
6 years$31,287$29,490$27,797$26,202$24,701$21,386
7 years$26,548$24,766$23,099$21,542$20,088$16,926
8 years$22,995$21,229$19,590$18,071$16,665$13,654
9 years$20,233$18,483$16,873$15,393$14,035$11,172
10 years$18,025$16,292$14,710$13,269$11,958$9,242
11 years$16,219$14,504$12,951$11,548$10,284$7,711
12 years$14,715$13,018$11,493$10,129$8,912$6,479
13 years$13,444$11,764$10,268$8,942$7,772$5,473
14 years$12,355$10,694$9,226$7,938$6,813$4,645
15 years$11,413$9,769$8,330$7,079$5,998$3,957
16 years$10,589$8,963$7,552$6,339$5,301$3,381
17 years$9,862$8,254$6,872$5,695$4,701$2,897
18 years$9,217$7,627$6,274$5,133$4,180$2,488
19 years$8,641$7,069$5,743$4,638$3,725$2,141
20 years$8,123$6,569$5,271$4,200$3,327$1,845
21 years$7,655$6,119$4,848$3,812$2,978$1,592
22 years$7,230$5,711$4,468$3,466$2,669$1,375
23 years$6,842$5,342$4,126$3,157$2,396$1,189
24 years$6,488$5,005$3,816$2,879$2,154$1,029
25 years$6,162$4,697$3,534$2,629$1,938$891
26 years$5,862$4,414$3,278$2,404$1,746$773
27 years$5,584$4,154$3,044$2,201$1,574$670
28 years$5,327$3,915$2,829$2,016$1,420$581
29 years$5,088$3,693$2,633$1,849$1,282$505
30 years$4,865$3,488$2,453$1,697$1,159$438
31 years$4,657$3,297$2,286$1,558$1,047$381
32 years$4,463$3,120$2,133$1,432$948$331
33 years$4,280$2,954$1,992$1,317$858$287
34 years$4,109$2,800$1,861$1,212$776$250
35 years$3,948$2,656$1,740$1,115$703$217
36 years$3,796$2,521$1,628$1,027$637$189
37 years$3,653$2,394$1,523$947$577$164
38 years$3,517$2,275$1,427$872$524$143
39 years$3,389$2,164$1,337$804$475$124
40 years$3,268$2,058$1,253$742$431$108
41 years$3,152$1,959$1,175$685$391$94
42 years$3,043$1,866$1,102$632$354$82
43 years$2,939$1,778$1,034$583$322$71
44 years$2,840$1,695$971$538$292$62
45 years$2,745$1,616$911$497$265$54
46 years$2,655$1,542$856$459$241$47
47 years$2,569$1,471$804$424$219$41
48 years$2,487$1,405$756$392$198$35
49 years$2,409$1,341$710$362$180$31
50 years$2,333$1,281$668$335$164$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,390,000, adding $5,501 every year, while hoping to spend $36,113 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: 49/39/12 Blend
53$2,390,000$2,390,000$2,390,000$2,390,000
54$2,639,454$2,512,784$2,475,739$2,759,884
55$2,870,255$2,597,487$2,520,253$2,927,909
56$3,123,386$2,685,129$2,565,047$3,106,094
57$3,401,089$2,775,818$2,610,093$3,298,828
58$3,705,829$2,869,662$2,655,361$3,507,482
59$4,040,325$2,966,777$2,700,816$3,733,568
60$4,407,569$3,067,280$2,746,424$3,978,746
61$4,810,859$3,171,294$2,792,147$4,244,841
62$5,253,826$3,278,947$2,837,943$4,533,863
63$5,740,472$3,390,371$2,883,770$4,848,020
64$6,275,204$3,505,704$2,929,581$5,189,743
65$6,862,879$3,625,087$2,975,326$5,561,708
66$7,508,847$3,748,671$3,020,954$5,966,856
67$8,219,001$3,876,607$3,066,407$6,408,427
68$8,999,835$4,009,056$3,111,628$6,889,984
69$9,858,502$4,146,184$3,156,551$7,415,451
70$10,802,885$4,288,163$3,201,111$7,989,147
71$11,841,667$4,435,171$3,245,237$8,615,825
72$12,984,418$4,587,395$3,288,852$9,300,718
73$14,241,678$4,745,027$3,331,879$10,049,588
74$15,625,063$4,908,268$3,374,231$10,868,779
75$17,147,372$5,077,325$3,415,820$11,765,276
76$18,822,706$5,252,416$3,456,552$12,746,771
77$20,666,603$5,433,765$3,496,327$13,821,732
78$22,696,182$5,621,605$3,535,040$14,999,488
79$24,930,309$5,816,180$3,572,580$16,290,310
80$27,389,768$6,017,741$3,608,829$17,705,512
81$30,097,464$6,226,550$3,643,665$19,257,552
82$33,078,635$6,442,880$3,676,957$20,960,154
83$36,361,088$6,667,014$3,708,567$22,828,433
84$39,975,467$6,899,246$3,738,353$24,879,039
85$43,955,538$7,139,882$3,766,160$27,130,311
86$48,338,507$7,389,240$3,791,831$29,602,449
87$53,165,373$7,647,651$3,815,196$32,317,708
88$58,481,315$7,915,459$3,836,078$35,300,602
89$64,336,114$8,193,022$3,854,292$38,578,135
90$70,784,628$8,480,710$3,869,641$42,180,057
91$77,887,307$8,778,912$3,881,921$46,139,144
92$85,710,763$9,088,029$3,890,916$50,491,503
93$94,328,398$9,408,480$3,896,399$55,276,911
94$103,821,098$9,740,700$3,898,132$60,539,197
95$114,277,997$10,085,141$3,895,866$66,326,643
96$125,797,315$10,442,275$3,889,340$72,692,448
97$138,487,287$10,812,592$3,878,278$79,695,223
98$152,467,183$11,196,602$3,862,394$87,399,545
99$167,868,435$11,594,835$3,841,384$95,876,565
100$184,835,878$12,007,844$3,814,932$105,204,677