Can I retire at age 54 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$208,925$207,064$205,248$203,476$201,746$194,898
2 years$103,428$101,502$99,635$97,825$96,069$89,239
3 years$68,267$66,333$64,471$62,677$60,950$54,352
4 years$50,690$48,762$46,918$45,156$43,470$37,154
5 years$40,147$38,230$36,410$34,684$33,045$27,028
6 years$33,120$31,217$29,425$27,737$26,148$20,435
7 years$28,103$26,216$24,452$22,804$21,265$15,855
8 years$24,342$22,472$20,737$19,130$17,641$12,530
9 years$21,418$19,566$17,861$16,294$14,857$10,038
10 years$19,080$17,247$15,572$14,046$12,659$8,124
11 years$17,169$15,354$13,709$12,224$10,887$6,628
12 years$15,577$13,781$12,167$10,722$9,434$5,442
13 years$14,232$12,454$10,870$9,466$8,227$4,490
14 years$13,079$11,320$9,767$8,403$7,212$3,720
15 years$12,081$10,341$8,818$7,494$6,350$3,092
16 years$11,209$9,488$7,995$6,710$5,612$2,577
17 years$10,440$8,738$7,275$6,029$4,976$2,153
18 years$9,757$8,074$6,641$5,433$4,424$1,801
19 years$9,147$7,483$6,080$4,909$3,943$1,510
20 years$8,599$6,954$5,580$4,446$3,522$1,267
21 years$8,103$6,477$5,132$4,035$3,152$1,064
22 years$7,653$6,046$4,730$3,669$2,825$895
23 years$7,243$5,655$4,367$3,342$2,536$753
24 years$6,868$5,298$4,039$3,048$2,280$634
25 years$6,523$4,972$3,741$2,783$2,051$534
26 years$6,205$4,673$3,470$2,545$1,848$450
27 years$5,911$4,398$3,222$2,329$1,666$379
28 years$5,639$4,144$2,995$2,134$1,503$320
29 years$5,386$3,909$2,787$1,957$1,357$270
30 years$5,150$3,692$2,596$1,796$1,226$227
31 years$4,930$3,490$2,420$1,650$1,109$192
32 years$4,724$3,302$2,258$1,516$1,003$162
33 years$4,531$3,127$2,109$1,394$908$137
34 years$4,350$2,964$1,970$1,283$822$115
35 years$4,179$2,811$1,842$1,181$744$97
36 years$4,018$2,668$1,723$1,088$674$82
37 years$3,867$2,534$1,613$1,002$611$69
38 years$3,723$2,409$1,510$924$554$59
39 years$3,587$2,290$1,415$852$503$49
40 years$3,459$2,179$1,326$785$456$42
41 years$3,337$2,074$1,244$725$414$35
42 years$3,221$1,975$1,167$669$375$30
43 years$3,111$1,882$1,095$617$341$25
44 years$3,006$1,794$1,027$570$309$21
45 years$2,906$1,711$965$526$281$18
46 years$2,811$1,632$906$486$255$15
47 years$2,720$1,558$851$449$231$13
48 years$2,633$1,487$800$415$210$11
49 years$2,550$1,420$752$384$191$9
50 years$2,470$1,356$707$355$173$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,530,000, adding $6,716 every year, while hoping to spend $48,640 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: 54/38/8 Blend
53$2,530,000$2,530,000$2,530,000$2,530,000
54$2,794,988$2,660,898$2,621,683$2,940,160
55$3,028,324$2,739,529$2,657,756$3,117,822
56$3,283,830$2,820,383$2,693,408$3,305,171
57$3,563,716$2,903,518$2,728,573$3,507,901
58$3,870,416$2,988,991$2,763,182$3,727,477
59$4,206,611$3,076,864$2,797,160$3,965,513
60$4,575,252$3,167,196$2,830,431$4,223,784
61$4,979,590$3,260,052$2,862,914$4,504,243
62$5,423,207$3,355,493$2,894,520$4,809,039
63$5,910,048$3,453,586$2,925,161$5,140,538
64$6,444,458$3,554,396$2,954,738$5,501,345
65$7,031,222$3,657,991$2,983,151$5,894,325
66$7,675,612$3,764,439$3,010,293$6,322,635
67$8,383,438$3,873,810$3,036,051$6,789,750
68$9,161,097$3,986,175$3,060,307$7,299,496
69$10,015,637$4,101,606$3,082,935$7,856,087
70$10,954,824$4,220,176$3,103,805$8,464,160
71$11,987,212$4,341,961$3,122,779$9,128,826
72$13,122,226$4,467,035$3,139,710$9,855,712
73$14,370,249$4,595,476$3,154,447$10,651,014
74$15,742,722$4,727,362$3,166,828$11,521,559
75$17,252,248$4,862,771$3,176,685$12,474,864
76$18,912,715$5,001,784$3,183,842$13,519,211
77$20,739,423$5,144,482$3,188,111$14,663,723
78$22,749,229$5,290,947$3,189,298$15,918,447
79$24,960,709$5,441,262$3,187,198$17,294,453
80$27,394,328$5,595,510$3,181,596$18,803,936
81$30,072,636$5,753,777$3,172,266$20,460,332
82$33,020,481$5,916,148$3,158,973$22,278,439
83$36,265,240$6,082,709$3,141,468$24,274,565
84$39,837,079$6,253,546$3,119,492$26,466,674
85$43,769,238$6,428,747$3,092,772$28,874,559
86$48,098,344$6,608,400$3,061,024$31,520,027
87$52,864,755$6,792,591$3,023,948$34,427,106
88$58,112,942$6,981,410$2,981,232$37,622,268
89$63,891,908$7,174,945$2,932,549$41,134,683
90$70,255,649$7,373,283$2,877,556$44,996,490
91$77,263,664$7,576,513$2,815,893$49,243,102
92$84,981,518$7,784,723$2,747,185$53,913,538
93$93,481,457$7,997,998$2,671,041$59,050,794
94$102,843,093$8,216,427$2,587,047$64,702,247
95$113,154,151$8,440,095$2,494,776$70,920,098
96$124,511,300$8,669,085$2,393,777$77,761,870
97$137,021,064$8,903,483$2,283,580$85,290,949
98$150,800,828$9,143,368$2,163,695$93,577,180
99$165,979,941$9,388,821$2,033,607$102,697,526
100$182,700,942$9,639,921$1,892,781$112,736,797