Can I retire at age 54 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$203,145$201,335$199,570$197,846$196,164$193,632
2 years$100,567$98,694$96,878$95,118$93,411$90,865
3 years$66,378$64,497$62,687$60,943$59,264$56,781
4 years$49,288$47,412$45,620$43,906$42,268$39,868
5 years$39,036$37,172$35,403$33,724$32,131$29,821
6 years$32,204$30,354$28,611$26,970$25,424$23,207
7 years$27,325$25,491$23,776$22,173$20,677$18,553
8 years$23,668$21,850$20,164$18,600$17,153$15,123
9 years$20,825$19,025$17,367$15,843$14,446$12,507
10 years$18,552$16,769$15,141$13,657$12,308$10,461
11 years$16,694$14,929$13,330$11,886$10,586$8,828
12 years$15,146$13,399$11,830$10,426$9,173$7,503
13 years$13,838$12,109$10,569$9,204$7,999$6,414
14 years$12,717$11,007$9,496$8,170$7,012$5,510
15 years$11,747$10,055$8,574$7,287$6,174$4,752
16 years$10,899$9,225$7,774$6,524$5,457$4,112
17 years$10,151$8,496$7,074$5,862$4,838$3,569
18 years$9,487$7,851$6,457$5,283$4,302$3,105
19 years$8,894$7,276$5,911$4,774$3,834$2,707
20 years$8,361$6,761$5,425$4,323$3,425$2,364
21 years$7,879$6,298$4,990$3,924$3,065$2,068
22 years$7,441$5,879$4,599$3,568$2,747$1,811
23 years$7,043$5,498$4,247$3,249$2,466$1,589
24 years$6,678$5,152$3,927$2,963$2,217$1,394
25 years$6,342$4,834$3,637$2,706$1,995$1,225
26 years$6,033$4,544$3,374$2,474$1,797$1,077
27 years$5,748$4,276$3,133$2,265$1,620$948
28 years$5,483$4,029$2,912$2,075$1,462$834
29 years$5,237$3,801$2,710$1,903$1,320$735
30 years$5,007$3,590$2,524$1,746$1,193$648
31 years$4,793$3,394$2,353$1,604$1,078$571
32 years$4,593$3,211$2,196$1,474$975$503
33 years$4,405$3,041$2,050$1,356$883$444
34 years$4,229$2,882$1,916$1,247$799$392
35 years$4,063$2,734$1,791$1,148$724$346
36 years$3,907$2,595$1,675$1,057$656$305
37 years$3,760$2,464$1,568$974$594$270
38 years$3,620$2,342$1,468$898$539$238
39 years$3,488$2,227$1,376$828$489$210
40 years$3,363$2,119$1,290$764$443$186
41 years$3,245$2,017$1,209$705$402$164
42 years$3,132$1,921$1,134$650$365$145
43 years$3,025$1,830$1,064$600$331$128
44 years$2,923$1,744$999$554$301$113
45 years$2,826$1,664$938$512$273$100
46 years$2,733$1,587$881$473$248$88
47 years$2,645$1,514$828$437$225$78
48 years$2,560$1,446$778$404$204$69
49 years$2,479$1,381$731$373$186$61
50 years$2,402$1,319$687$345$169$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,460,000, adding $2,023 every year, while hoping to spend $24,965 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: 78/8/14 Blend
53$2,460,000$2,460,000$2,460,000$2,460,000
54$2,713,007$2,582,627$2,544,497$2,916,705
55$2,963,171$2,682,613$2,603,175$3,151,143
56$3,238,015$2,786,662$2,662,982$3,404,847
57$3,540,030$2,894,946$2,723,929$3,682,429
58$3,871,961$3,007,645$2,786,028$3,986,265
59$4,236,830$3,124,949$2,849,289$4,318,970
60$4,637,968$3,247,053$2,913,722$4,683,426
61$5,079,046$3,374,164$2,979,337$5,082,806
62$5,564,105$3,506,495$3,046,142$5,520,603
63$6,097,601$3,644,270$3,114,145$6,000,668
64$6,684,441$3,787,724$3,183,353$6,527,240
65$7,330,033$3,937,102$3,253,775$7,104,987
66$8,040,335$4,092,658$3,325,414$7,739,054
67$8,821,910$4,254,659$3,398,276$8,435,106
68$9,681,991$4,423,384$3,472,366$9,199,385
69$10,628,549$4,599,125$3,547,685$10,038,764
70$11,670,365$4,782,185$3,624,235$10,960,819
71$12,817,112$4,972,883$3,702,018$11,973,893
72$14,079,454$5,171,550$3,781,032$13,087,178
73$15,469,137$5,378,535$3,861,275$14,310,799
74$16,999,106$5,594,200$3,942,744$15,655,914
75$18,683,623$5,818,924$4,025,435$17,134,814
76$20,538,405$6,053,104$4,109,339$18,761,040
77$22,580,770$6,297,153$4,194,449$20,549,512
78$24,829,801$6,551,506$4,280,756$22,516,668
79$27,306,525$6,816,614$4,368,245$24,680,618
80$30,034,114$7,092,952$4,456,905$27,061,318
81$33,038,100$7,381,013$4,546,718$29,680,754
82$36,346,618$7,681,315$4,637,665$32,563,149
83$39,990,672$7,994,398$4,729,726$35,735,198
84$44,004,426$8,320,829$4,822,877$39,226,308
85$48,425,526$8,661,198$4,917,092$43,068,886
86$53,295,457$9,016,124$5,012,342$47,298,637
87$58,659,932$9,386,253$5,108,594$51,954,906
88$64,569,326$9,772,260$5,205,813$57,081,045
89$71,079,151$10,174,854$5,303,960$62,724,821
90$78,250,575$10,594,773$5,402,994$68,938,871
91$86,151,007$11,032,790$5,502,868$75,781,194
92$94,854,728$11,489,715$5,603,532$83,315,700
93$104,443,592$11,966,393$5,704,933$91,612,811
94$115,007,802$12,463,709$5,807,011$100,750,127
95$126,646,756$12,982,590$5,909,704$110,813,157
96$139,469,991$13,524,002$6,012,945$121,896,125
97$153,598,211$14,088,959$6,116,660$134,102,859
98$169,164,431$14,678,521$6,220,771$147,547,771
99$186,315,231$15,293,797$6,325,195$162,356,935
100$205,212,138$15,935,946$6,429,842$178,669,280