Can I retire at age 54 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$208,099$206,246$204,437$202,672$200,948$197,295
2 years$103,019$101,101$99,241$97,438$95,690$92,022
3 years$67,997$66,070$64,216$62,430$60,709$57,142
4 years$50,490$48,569$46,733$44,977$43,299$39,858
5 years$39,988$38,079$36,266$34,547$32,915$29,612
6 years$32,989$31,094$29,309$27,627$26,044$22,882
7 years$27,992$26,113$24,356$22,714$21,181$18,161
8 years$24,246$22,383$20,655$19,054$17,572$14,693
9 years$21,333$19,489$17,791$16,230$14,798$12,058
10 years$19,005$17,178$15,510$13,990$12,609$10,006
11 years$17,101$15,293$13,655$12,176$10,844$8,375
12 years$15,516$13,726$12,118$10,680$9,397$7,059
13 years$14,175$12,404$10,827$9,429$8,194$5,983
14 years$13,027$11,275$9,728$8,370$7,183$5,095
15 years$12,033$10,300$8,783$7,464$6,325$4,355
16 years$11,165$9,450$7,963$6,683$5,590$3,735
17 years$10,399$8,703$7,246$6,005$4,956$3,212
18 years$9,719$8,042$6,615$5,412$4,407$2,768
19 years$9,111$7,453$6,056$4,890$3,928$2,390
20 years$8,565$6,926$5,558$4,429$3,508$2,068
21 years$8,071$6,451$5,112$4,019$3,140$1,791
22 years$7,623$6,022$4,711$3,655$2,814$1,553
23 years$7,214$5,632$4,350$3,328$2,526$1,348
24 years$6,840$5,277$4,023$3,036$2,271$1,172
25 years$6,497$4,952$3,726$2,772$2,043$1,019
26 years$6,180$4,654$3,456$2,535$1,840$887
27 years$5,888$4,380$3,209$2,320$1,659$772
28 years$5,617$4,128$2,983$2,126$1,497$673
29 years$5,364$3,894$2,776$1,949$1,352$586
30 years$5,130$3,677$2,586$1,789$1,222$511
31 years$4,910$3,476$2,411$1,643$1,104$446
32 years$4,705$3,289$2,249$1,510$999$389
33 years$4,513$3,115$2,100$1,389$904$339
34 years$4,332$2,952$1,962$1,278$819$296
35 years$4,162$2,800$1,835$1,176$741$259
36 years$4,002$2,658$1,716$1,083$672$226
37 years$3,851$2,524$1,606$998$609$197
38 years$3,708$2,399$1,504$920$552$172
39 years$3,573$2,281$1,409$848$501$150
40 years$3,445$2,170$1,321$782$454$131
41 years$3,324$2,066$1,239$722$412$115
42 years$3,208$1,968$1,162$666$374$100
43 years$3,099$1,875$1,090$615$339$88
44 years$2,994$1,787$1,023$568$308$77
45 years$2,895$1,704$961$524$280$67
46 years$2,800$1,626$903$484$254$58
47 years$2,709$1,551$848$447$230$51
48 years$2,622$1,481$797$414$209$45
49 years$2,540$1,414$749$382$190$39
50 years$2,460$1,351$704$353$173$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,520,000, adding $5,644 every year, while hoping to spend $39,892 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: 37/42/21 Blend
53$2,520,000$2,520,000$2,520,000$2,520,000
54$2,782,862$2,649,302$2,610,242$2,868,047
55$3,024,269$2,736,673$2,655,240$3,017,893
56$3,288,963$2,826,988$2,700,409$3,175,501
57$3,579,276$2,920,349$2,745,712$3,344,929
58$3,897,778$3,016,863$2,791,109$3,527,263
59$4,247,301$3,116,639$2,836,561$3,723,696
60$4,630,961$3,219,789$2,882,021$3,935,542
61$5,052,194$3,326,433$2,927,443$4,164,240
62$5,514,781$3,436,692$2,972,776$4,411,378
63$6,022,891$3,550,693$3,017,967$4,678,698
64$6,581,115$3,668,566$3,062,958$4,968,117
65$7,194,511$3,790,447$3,107,688$5,281,745
66$7,868,649$3,916,478$3,152,094$5,621,901
67$8,609,669$4,046,803$3,196,107$5,991,139
68$9,424,333$4,181,574$3,239,655$6,392,266
69$10,320,093$4,320,948$3,282,660$6,828,372
70$11,305,155$4,465,088$3,325,043$7,302,860
71$12,388,565$4,614,161$3,366,716$7,819,472
72$13,580,287$4,768,343$3,407,589$8,382,328
73$14,891,299$4,927,815$3,447,566$8,995,965
74$16,333,697$5,092,764$3,486,545$9,665,375
75$17,920,810$5,263,385$3,524,421$10,396,054
76$19,667,323$5,439,881$3,561,079$11,194,056
77$21,589,415$5,622,461$3,596,400$12,066,045
78$23,704,916$5,811,342$3,630,260$13,019,358
79$26,033,469$6,006,749$3,662,526$14,062,076
80$28,596,721$6,208,917$3,693,057$15,203,098
81$31,418,520$6,418,088$3,721,709$16,452,223
82$34,525,149$6,634,514$3,748,326$17,820,245
83$37,945,565$6,858,456$3,772,746$19,319,052
84$41,711,677$7,090,185$3,794,797$20,961,736
85$45,858,646$7,329,982$3,814,301$22,762,718
86$50,425,216$7,578,139$3,831,068$24,737,885
87$55,454,079$7,834,959$3,844,899$26,904,734
88$60,992,279$8,100,756$3,855,588$29,282,540
89$67,091,654$8,375,856$3,862,913$31,892,536
90$73,809,329$8,660,598$3,866,646$34,758,113
91$81,208,247$8,955,334$3,866,545$37,905,040
92$89,357,771$9,260,429$3,862,358$41,361,703
93$98,334,335$9,576,261$3,853,818$45,159,379
94$108,222,164$9,903,224$3,840,647$49,332,521
95$119,114,069$10,241,727$3,822,554$53,919,090
96$131,112,326$10,592,194$3,799,231$58,960,908
97$144,329,637$10,955,065$3,770,359$64,504,054
98$158,890,195$11,330,798$3,735,601$70,599,294
99$174,930,856$11,719,869$3,694,605$77,302,564
100$192,602,432$12,122,770$3,647,003$84,675,493