Can I retire at age 54 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$199,016$197,243$195,513$193,825$192,177$188,143
2 years$98,523$96,688$94,909$93,185$91,513$87,468
3 years$65,029$63,186$61,413$59,705$58,059$54,129
4 years$48,286$46,449$44,693$43,014$41,408$37,624
5 years$38,243$36,416$34,683$33,039$31,478$27,849
6 years$31,549$29,737$28,029$26,421$24,908$21,439
7 years$26,770$24,973$23,292$21,722$20,256$16,948
8 years$23,187$21,406$19,754$18,222$16,805$13,656
9 years$20,402$18,638$17,014$15,521$14,152$11,161
10 years$18,175$16,429$14,833$13,380$12,058$9,221
11 years$16,355$14,625$13,059$11,644$10,370$7,684
12 years$14,839$13,127$11,589$10,214$8,987$6,447
13 years$13,557$11,863$10,354$9,017$7,837$5,440
14 years$12,459$10,783$9,303$8,004$6,870$4,610
15 years$11,508$9,851$8,400$7,138$6,049$3,922
16 years$10,677$9,038$7,616$6,392$5,346$3,347
17 years$9,945$8,323$6,930$5,743$4,740$2,863
18 years$9,294$7,691$6,326$5,176$4,214$2,455
19 years$8,713$7,128$5,791$4,677$3,756$2,109
20 years$8,191$6,624$5,315$4,236$3,355$1,815
21 years$7,719$6,170$4,889$3,844$3,003$1,564
22 years$7,290$5,759$4,506$3,495$2,691$1,349
23 years$6,899$5,387$4,160$3,183$2,416$1,165
24 years$6,542$5,047$3,848$2,903$2,172$1,006
25 years$6,213$4,736$3,564$2,651$1,954$870
26 years$5,911$4,451$3,305$2,424$1,760$753
27 years$5,631$4,189$3,069$2,219$1,587$652
28 years$5,371$3,947$2,853$2,033$1,432$565
29 years$5,130$3,724$2,655$1,864$1,293$489
30 years$4,906$3,517$2,473$1,711$1,168$424
31 years$4,696$3,325$2,306$1,571$1,056$368
32 years$4,500$3,146$2,151$1,444$955$319
33 years$4,316$2,979$2,008$1,328$865$277
34 years$4,143$2,823$1,877$1,222$783$240
35 years$3,981$2,678$1,755$1,125$709$208
36 years$3,828$2,542$1,641$1,036$642$181
37 years$3,683$2,414$1,536$954$582$157
38 years$3,547$2,294$1,439$880$528$136
39 years$3,417$2,182$1,348$811$479$118
40 years$3,295$2,076$1,263$748$434$103
41 years$3,179$1,976$1,185$690$394$89
42 years$3,068$1,882$1,111$637$357$78
43 years$2,963$1,793$1,043$588$324$67
44 years$2,863$1,709$979$543$294$58
45 years$2,768$1,630$919$501$267$51
46 years$2,677$1,555$863$463$243$44
47 years$2,591$1,484$811$428$220$38
48 years$2,508$1,416$762$395$200$33
49 years$2,429$1,353$716$365$182$29
50 years$2,353$1,292$673$338$165$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,410,000, adding $6,436 every year, while hoping to spend $20,912 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: 62/27/11 Blend
53$2,410,000$2,410,000$2,410,000$2,410,000
54$2,662,459$2,534,729$2,497,374$2,820,391
55$2,911,779$2,636,680$2,558,786$3,028,910
56$3,185,830$2,742,926$2,621,554$3,253,436
57$3,487,110$2,853,656$2,685,702$3,497,996
58$3,818,376$2,969,065$2,751,253$3,764,529
59$4,182,661$3,089,360$2,818,231$4,055,171
60$4,583,310$3,214,757$2,886,659$4,372,269
61$5,024,007$3,345,479$2,956,561$4,718,407
62$5,508,810$3,481,762$3,027,961$5,096,429
63$6,042,193$3,623,852$3,100,882$5,509,461
64$6,629,083$3,772,007$3,175,347$5,960,947
65$7,274,908$3,926,495$3,251,381$6,454,675
66$7,985,652$4,087,596$3,329,005$6,994,814
67$8,767,907$4,255,606$3,408,245$7,585,954
68$9,628,934$4,430,832$3,489,122$8,233,147
69$10,576,737$4,613,594$3,571,659$8,941,955
70$11,620,134$4,804,230$3,655,880$9,718,501
71$12,768,842$5,003,092$3,741,805$10,569,525
72$14,033,566$5,210,546$3,829,459$11,502,450
73$15,426,105$5,426,978$3,918,861$12,525,447
74$16,959,458$5,652,790$4,010,033$13,647,515
75$18,647,949$5,888,403$4,102,996$14,878,563
76$20,507,364$6,134,259$4,197,770$16,229,502
77$22,555,094$6,390,817$4,294,374$17,712,348
78$24,810,307$6,658,559$4,392,828$19,340,336
79$27,294,120$6,937,991$4,493,150$21,128,040
80$30,029,807$7,229,639$4,595,358$23,091,512
81$33,043,013$7,534,057$4,699,467$25,248,432
82$36,361,995$7,851,821$4,805,495$27,618,274
83$40,017,895$8,183,536$4,913,455$30,222,485
84$44,045,026$8,529,835$5,023,361$33,084,693
85$48,481,201$8,891,380$5,135,227$36,230,922
86$53,368,089$9,268,863$5,249,062$39,689,838
87$58,751,607$9,663,010$5,364,879$43,493,020
88$64,682,353$10,074,579$5,482,684$47,675,256
89$71,216,084$10,504,365$5,602,485$52,274,866
90$78,414,244$10,953,198$5,724,288$57,334,069
91$86,344,541$11,421,949$5,848,096$62,899,371
92$95,081,588$11,911,528$5,973,910$69,022,009
93$104,707,606$12,422,889$6,101,732$75,758,430
94$115,313,199$12,957,028$6,231,558$83,170,822
95$126,998,214$13,514,991$6,363,384$91,327,699
96$139,872,678$14,097,871$6,497,203$100,304,543
97$154,057,836$14,706,813$6,633,005$110,184,521
98$169,687,303$15,343,014$6,770,777$121,059,258
99$186,908,315$16,007,729$6,910,506$133,029,708
100$205,883,128$16,702,272$7,052,172$146,207,100