Can I retire at age 54 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$212,228$210,338$208,493$206,693$204,935$197,664
2 years$105,063$103,107$101,210$99,372$97,588$90,340
3 years$69,347$67,381$65,490$63,668$61,914$54,917
4 years$51,492$49,532$47,660$45,870$44,158$37,465
5 years$40,781$38,834$36,986$35,232$33,568$27,197
6 years$33,644$31,711$29,890$28,175$26,561$20,517
7 years$28,547$26,631$24,839$23,165$21,601$15,882
8 years$24,727$22,828$21,065$19,432$17,920$12,522
9 years$21,757$19,875$18,144$16,552$15,092$10,007
10 years$19,382$17,519$15,818$14,268$12,859$8,079
11 years$17,440$15,596$13,926$12,417$11,059$6,574
12 years$15,824$13,998$12,359$10,892$9,583$5,383
13 years$14,457$12,650$11,042$9,616$8,357$4,430
14 years$13,286$11,499$9,921$8,536$7,326$3,660
15 years$12,272$10,505$8,957$7,612$6,450$3,033
16 years$11,386$9,638$8,121$6,816$5,701$2,521
17 years$10,605$8,876$7,390$6,124$5,055$2,099
18 years$9,912$8,202$6,746$5,519$4,494$1,751
19 years$9,292$7,601$6,176$4,987$4,006$1,463
20 years$8,735$7,064$5,668$4,517$3,578$1,224
21 years$8,231$6,579$5,213$4,099$3,202$1,025
22 years$7,774$6,142$4,805$3,727$2,870$859
23 years$7,358$5,744$4,436$3,394$2,576$721
24 years$6,976$5,382$4,103$3,096$2,316$605
25 years$6,626$5,051$3,800$2,827$2,084$508
26 years$6,303$4,747$3,524$2,585$1,877$426
27 years$6,005$4,467$3,273$2,366$1,692$358
28 years$5,728$4,209$3,042$2,168$1,527$301
29 years$5,471$3,971$2,831$1,988$1,379$253
30 years$5,231$3,750$2,637$1,825$1,246$213
31 years$5,008$3,545$2,459$1,676$1,126$179
32 years$4,799$3,355$2,294$1,540$1,019$151
33 years$4,602$3,177$2,142$1,416$922$127
34 years$4,418$3,011$2,001$1,303$835$107
35 years$4,245$2,856$1,871$1,199$756$90
36 years$4,082$2,711$1,750$1,105$685$75
37 years$3,928$2,574$1,638$1,018$621$63
38 years$3,782$2,447$1,534$938$563$53
39 years$3,644$2,327$1,437$865$510$45
40 years$3,514$2,213$1,347$798$463$38
41 years$3,390$2,107$1,263$736$420$32
42 years$3,272$2,007$1,185$679$381$27
43 years$3,160$1,912$1,112$627$346$23
44 years$3,054$1,822$1,044$579$314$19
45 years$2,952$1,738$980$535$285$16
46 years$2,855$1,658$920$494$259$13
47 years$2,763$1,582$865$456$235$11
48 years$2,674$1,510$813$422$213$10
49 years$2,590$1,442$764$390$194$8
50 years$2,509$1,378$718$360$176$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,570,000, adding $2,350 every year, while hoping to spend $23,145 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: 40/31/29 Blend
53$2,570,000$2,570,000$2,570,000$2,570,000
54$2,834,564$2,698,354$2,658,519$2,923,592
55$3,099,063$2,805,947$2,722,953$3,096,261
56$3,389,766$2,918,037$2,788,770$3,280,631
57$3,709,320$3,034,819$2,855,992$3,479,666
58$4,060,644$3,156,497$2,924,641$3,694,728
59$4,446,951$3,283,287$2,994,737$3,927,307
60$4,871,783$3,415,411$3,066,304$4,179,046
61$5,339,042$3,553,104$3,139,363$4,451,746
62$5,853,027$3,696,609$3,213,934$4,747,389
63$6,418,475$3,846,182$3,290,040$5,068,152
64$7,040,604$4,002,089$3,367,701$5,416,427
65$7,725,165$4,164,611$3,446,939$5,794,848
66$8,478,494$4,334,039$3,527,773$6,206,308
67$9,307,570$4,510,677$3,610,224$6,653,990
68$10,220,088$4,694,846$3,694,311$7,141,394
69$11,224,521$4,886,877$3,780,055$7,672,369
70$12,330,209$5,087,121$3,867,473$8,251,153
71$13,547,441$5,295,941$3,956,585$8,882,405
72$14,887,557$5,513,720$4,047,408$9,571,252
73$16,363,051$5,740,855$4,139,959$10,323,337
74$17,987,690$5,977,764$4,234,255$11,144,869
75$19,776,643$6,224,883$4,330,312$12,042,682
76$21,746,628$6,482,669$4,428,144$13,024,297
77$23,916,062$6,751,599$4,527,765$14,097,993
78$26,305,245$7,032,171$4,629,190$15,272,883
79$28,936,540$7,324,908$4,732,428$16,559,000
80$31,834,596$7,630,357$4,837,493$17,967,388
81$35,026,568$7,949,088$4,944,392$19,510,208
82$38,542,384$8,281,700$5,053,136$21,200,848
83$42,415,021$8,628,817$5,163,730$23,054,050
84$46,680,819$8,991,094$5,276,180$25,086,047
85$51,379,821$9,369,217$5,390,491$27,314,714
86$56,556,154$9,763,900$5,506,664$29,759,737
87$62,258,445$10,175,894$5,624,700$32,442,794
88$68,540,277$10,605,983$5,744,597$35,387,758
89$75,460,696$11,054,987$5,866,353$38,620,925
90$83,084,772$11,523,766$5,989,960$42,171,253
91$91,484,206$12,013,219$6,115,412$46,070,639
92$100,738,014$12,524,285$6,242,697$50,354,216
93$110,933,266$13,057,950$6,371,802$55,060,681
94$122,165,914$13,615,244$6,502,711$60,232,660
95$134,541,691$14,197,244$6,635,406$65,917,104
96$148,177,115$14,805,081$6,769,864$72,165,737
97$163,200,586$15,439,935$6,906,060$79,035,533
98$179,753,597$16,103,043$7,043,964$86,589,256
99$197,992,072$16,795,700$7,183,545$94,896,049
100$218,087,834$17,519,261$7,324,765$104,032,081