Can I retire at age 54 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$205,622$203,790$202,003$200,259$198,556$191,359
2 years$101,793$99,897$98,060$96,278$94,551$87,379
3 years$67,188$65,284$63,451$61,687$59,987$53,065
4 years$49,889$47,991$46,176$44,442$42,783$36,165
5 years$39,512$37,625$35,835$34,135$32,523$26,226
6 years$32,596$30,724$28,960$27,298$25,734$19,762
7 years$27,659$25,802$24,066$22,444$20,929$15,281
8 years$23,957$22,117$20,410$18,827$17,363$12,034
9 years$21,079$19,257$17,579$16,037$14,622$9,605
10 years$18,779$16,974$15,326$13,824$12,458$7,745
11 years$16,898$15,111$13,492$12,031$10,715$6,294
12 years$15,331$13,563$11,974$10,553$9,285$5,147
13 years$14,007$12,257$10,698$9,316$8,097$4,229
14 years$12,872$11,141$9,612$8,270$7,098$3,489
15 years$11,890$10,178$8,679$7,375$6,249$2,888
16 years$11,032$9,338$7,868$6,604$5,523$2,396
17 years$10,275$8,600$7,160$5,934$4,897$1,993
18 years$9,603$7,946$6,536$5,347$4,354$1,660
19 years$9,002$7,365$5,984$4,832$3,881$1,385
20 years$8,463$6,844$5,491$4,376$3,467$1,157
21 years$7,975$6,375$5,051$3,972$3,102$967
22 years$7,532$5,950$4,655$3,611$2,781$809
23 years$7,129$5,565$4,298$3,289$2,496$678
24 years$6,759$5,214$3,975$2,999$2,244$568
25 years$6,420$4,893$3,682$2,739$2,019$476
26 years$6,107$4,599$3,415$2,505$1,819$399
27 years$5,818$4,328$3,171$2,293$1,640$335
28 years$5,550$4,078$2,948$2,100$1,479$281
29 years$5,301$3,848$2,743$1,926$1,336$236
30 years$5,069$3,634$2,555$1,768$1,207$198
31 years$4,852$3,435$2,382$1,624$1,091$166
32 years$4,649$3,250$2,223$1,492$987$140
33 years$4,459$3,078$2,075$1,372$893$117
34 years$4,281$2,917$1,939$1,262$809$98
35 years$4,113$2,767$1,813$1,162$733$83
36 years$3,955$2,626$1,696$1,070$664$69
37 years$3,805$2,494$1,587$986$602$58
38 years$3,664$2,370$1,486$909$545$49
39 years$3,531$2,254$1,393$838$495$41
40 years$3,404$2,145$1,305$773$449$35
41 years$3,284$2,041$1,224$713$407$29
42 years$3,170$1,944$1,148$658$369$24
43 years$3,062$1,852$1,077$608$335$21
44 years$2,958$1,766$1,011$561$304$17
45 years$2,860$1,684$950$518$276$14
46 years$2,766$1,606$892$479$251$12
47 years$2,677$1,533$838$442$228$10
48 years$2,591$1,463$787$409$207$9
49 years$2,509$1,397$740$378$188$7
50 years$2,431$1,335$696$349$171$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,490,000, adding $6,087 every year, while hoping to spend $34,598 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: 36/47/17 Blend
53$2,490,000$2,490,000$2,490,000$2,490,000
54$2,750,259$2,618,289$2,579,694$2,834,806
55$2,993,973$2,709,773$2,629,301$2,988,133
56$3,261,387$2,804,580$2,679,411$3,149,844
57$3,554,881$2,902,837$2,730,004$3,323,689
58$3,877,077$3,004,674$2,781,058$3,510,771
59$4,230,865$3,110,229$2,832,549$3,712,297
60$4,619,426$3,219,644$2,884,453$3,929,597
61$5,046,267$3,333,065$2,936,741$4,164,129
62$5,515,248$3,450,648$2,989,384$4,417,495
63$6,030,625$3,572,551$3,042,350$4,691,458
64$6,597,084$3,698,942$3,095,604$4,987,951
65$7,219,789$3,829,992$3,149,109$5,309,104
66$7,904,429$3,965,883$3,202,826$5,657,254
67$8,657,271$4,106,802$3,256,711$6,034,972
68$9,485,221$4,252,943$3,310,719$6,445,087
69$10,395,886$4,404,510$3,364,800$6,890,709
70$11,397,648$4,561,713$3,418,903$7,375,257
71$12,499,744$4,724,773$3,472,973$7,902,494
72$13,712,350$4,893,918$3,526,948$8,476,561
73$15,046,676$5,069,387$3,580,768$9,102,011
74$16,515,077$5,251,427$3,634,364$9,783,855
75$18,131,165$5,440,297$3,687,665$10,527,610
76$19,909,938$5,636,265$3,740,595$11,339,343
77$21,867,921$5,839,612$3,793,075$12,225,736
78$24,023,324$6,050,628$3,845,019$13,194,142
79$26,396,212$6,269,618$3,896,336$14,252,653
80$29,008,694$6,496,898$3,946,931$15,410,182
81$31,885,131$6,732,796$3,996,703$16,676,536
82$35,052,368$6,977,656$4,045,546$18,062,517
83$38,539,983$7,231,835$4,093,346$19,580,015
84$42,380,572$7,495,706$4,139,984$21,242,125
85$46,610,051$7,769,656$4,185,333$23,063,263
86$51,267,996$8,054,089$4,229,262$25,059,308
87$56,398,019$8,349,426$4,271,630$27,247,743
88$62,048,176$8,656,107$4,312,288$29,647,825
89$68,271,422$8,974,589$4,351,082$32,280,759
90$75,126,110$9,305,347$4,387,847$35,169,902
91$82,676,544$9,648,879$4,422,410$38,340,978
92$90,993,580$10,005,703$4,454,589$41,822,323
93$100,155,300$10,376,357$4,484,193$45,645,145
94$110,247,748$10,761,406$4,511,021$49,843,822
95$121,365,739$11,161,436$4,534,861$54,456,221
96$133,613,756$11,577,057$4,555,489$59,524,054
97$147,106,934$12,008,908$4,572,674$65,093,274
98$161,972,151$12,457,654$4,586,168$71,214,498
99$178,349,220$12,923,989$4,595,714$77,943,491
100$196,392,211$13,408,635$4,601,041$85,341,684