Can I retire at age 54 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$222,963$220,977$219,040$217,149$215,302$207,251
2 years$110,378$108,322$106,330$104,398$102,525$94,506
3 years$72,854$70,790$68,803$66,889$65,046$57,311
4 years$54,096$52,038$50,071$48,190$46,391$39,000
5 years$42,844$40,798$38,857$37,014$35,266$28,236
6 years$35,345$33,315$31,402$29,601$27,905$21,243
7 years$29,991$27,978$26,095$24,336$22,694$16,397
8 years$25,977$23,982$22,131$20,415$18,827$12,890
9 years$22,857$20,881$19,061$17,389$15,855$10,269
10 years$20,362$18,405$16,618$14,990$13,509$8,265
11 years$18,323$16,385$14,630$13,045$11,618$6,703
12 years$16,624$14,707$12,984$11,443$10,068$5,471
13 years$15,188$13,290$11,600$10,102$8,780$4,486
14 years$13,958$12,081$10,423$8,968$7,696$3,694
15 years$12,893$11,036$9,411$7,997$6,776$3,050
16 years$11,962$10,125$8,532$7,161$5,989$2,526
17 years$11,141$9,325$7,764$6,434$5,310$2,096
18 years$10,413$8,617$7,087$5,798$4,722$1,742
19 years$9,762$7,986$6,488$5,239$4,208$1,450
20 years$9,176$7,421$5,954$4,745$3,759$1,208
21 years$8,648$6,912$5,477$4,307$3,364$1,008
22 years$8,167$6,452$5,048$3,916$3,015$841
23 years$7,730$6,035$4,661$3,566$2,707$703
24 years$7,329$5,654$4,310$3,252$2,433$588
25 years$6,961$5,306$3,992$2,970$2,189$491
26 years$6,622$4,987$3,703$2,716$1,972$411
27 years$6,308$4,693$3,438$2,486$1,778$344
28 years$6,018$4,422$3,196$2,278$1,604$288
29 years$5,748$4,172$2,974$2,089$1,449$241
30 years$5,496$3,940$2,771$1,917$1,309$202
31 years$5,261$3,725$2,583$1,760$1,183$169
32 years$5,041$3,524$2,410$1,618$1,070$142
33 years$4,835$3,338$2,250$1,488$969$119
34 years$4,642$3,163$2,102$1,369$877$99
35 years$4,460$3,000$1,966$1,260$794$83
36 years$4,288$2,848$1,839$1,161$720$70
37 years$4,126$2,705$1,721$1,069$652$58
38 years$3,973$2,570$1,612$986$591$49
39 years$3,829$2,444$1,510$909$536$41
40 years$3,691$2,325$1,415$838$486$34
41 years$3,561$2,214$1,327$773$441$29
42 years$3,437$2,108$1,245$714$400$24
43 years$3,320$2,009$1,168$659$363$20
44 years$3,208$1,915$1,097$608$330$17
45 years$3,101$1,826$1,030$562$299$14
46 years$3,000$1,742$967$519$272$12
47 years$2,903$1,662$909$479$247$10
48 years$2,810$1,587$854$443$224$8
49 years$2,721$1,515$802$409$204$7
50 years$2,636$1,447$754$378$185$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,700,000, adding $6,328 every year, while hoping to spend $54,162 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: 51/35/14 Blend
53$2,700,000$2,700,000$2,700,000$2,700,000
54$2,981,927$2,838,827$2,796,977$3,122,391
55$3,228,456$2,920,302$2,833,048$3,300,816
56$3,498,315$3,003,953$2,868,512$3,488,460
57$3,793,828$3,089,832$2,903,291$3,691,245
58$4,117,551$3,177,986$2,937,305$3,910,614
59$4,472,302$3,268,468$2,970,465$4,148,156
60$4,861,182$3,361,329$3,002,681$4,405,622
61$5,287,608$3,456,619$3,033,857$4,684,935
62$5,755,344$3,554,393$3,063,890$4,988,216
63$6,268,533$3,654,702$3,092,674$5,317,799
64$6,831,740$3,757,600$3,120,096$5,676,251
65$7,449,995$3,863,140$3,146,037$6,066,402
66$8,128,837$3,971,376$3,170,371$6,491,368
67$8,874,367$4,082,362$3,192,968$6,954,577
68$9,693,308$4,196,153$3,213,687$7,459,809
69$10,593,064$4,312,803$3,232,384$8,011,224
70$11,581,792$4,432,366$3,248,905$8,613,404
71$12,668,481$4,554,898$3,263,089$9,271,398
72$13,863,030$4,680,452$3,274,766$9,990,765
73$15,176,347$4,809,082$3,283,760$10,777,631
74$16,620,451$4,940,843$3,289,882$11,638,742
75$18,208,580$5,075,788$3,292,936$12,581,532
76$19,955,324$5,213,970$3,292,718$13,614,188
77$21,876,753$5,355,441$3,289,010$14,745,731
78$23,990,577$5,500,253$3,281,587$15,986,101
79$26,316,307$5,648,456$3,270,211$17,346,248
80$28,875,439$5,800,100$3,254,632$18,838,236
81$31,691,662$5,955,232$3,234,590$20,475,357
82$34,791,073$6,113,900$3,209,811$22,272,259
83$38,202,431$6,276,150$3,180,008$24,245,077
84$41,957,421$6,442,023$3,144,880$26,411,594
85$46,090,957$6,611,562$3,104,113$28,791,401
86$50,641,512$6,784,806$3,057,378$31,406,088
87$55,651,476$6,961,790$3,004,329$34,279,443
88$61,167,558$7,142,550$2,944,606$37,437,678
89$67,241,229$7,327,115$2,877,831$40,909,677
90$73,929,204$7,515,514$2,803,608$44,727,269
91$81,293,978$7,707,769$2,721,524$48,925,526
92$89,404,415$7,903,900$2,631,145$53,543,096
93$98,336,397$8,103,923$2,532,021$58,622,567
94$108,173,542$8,307,848$2,423,676$64,210,869
95$119,007,991$8,515,680$2,305,618$70,359,720
96$130,941,278$8,727,420$2,177,327$77,126,107
97$144,085,286$8,943,062$2,038,265$84,572,833
98$158,563,305$9,162,591$1,887,867$92,769,101
99$174,511,193$9,385,989$1,725,541$101,791,176
100$192,078,660$9,613,228$1,550,673$111,723,097