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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$222,963$220,977$219,040$217,149$215,302$207,663
2 years$110,378$108,322$106,330$104,398$102,525$94,910
3 years$72,854$70,790$68,803$66,889$65,046$57,695
4 years$54,096$52,038$50,071$48,190$46,391$39,360
5 years$42,844$40,798$38,857$37,014$35,266$28,573
6 years$35,345$33,315$31,402$29,601$27,905$21,555
7 years$29,991$27,978$26,095$24,336$22,694$16,686
8 years$25,977$23,982$22,131$20,415$18,827$13,155
9 years$22,857$20,881$19,061$17,389$15,855$10,513
10 years$20,362$18,405$16,618$14,990$13,509$8,488
11 years$18,323$16,385$14,630$13,045$11,618$6,907
12 years$16,624$14,707$12,984$11,443$10,068$5,656
13 years$15,188$13,290$11,600$10,102$8,780$4,654
14 years$13,958$12,081$10,423$8,968$7,696$3,845
15 years$12,893$11,036$9,411$7,997$6,776$3,187
16 years$11,962$10,125$8,532$7,161$5,989$2,648
17 years$11,141$9,325$7,764$6,434$5,310$2,205
18 years$10,413$8,617$7,087$5,798$4,722$1,840
19 years$9,762$7,986$6,488$5,239$4,208$1,537
20 years$9,176$7,421$5,954$4,745$3,759$1,286
21 years$8,648$6,912$5,477$4,307$3,364$1,077
22 years$8,167$6,452$5,048$3,916$3,015$903
23 years$7,730$6,035$4,661$3,566$2,707$757
24 years$7,329$5,654$4,310$3,252$2,433$635
25 years$6,961$5,306$3,992$2,970$2,189$533
26 years$6,622$4,987$3,703$2,716$1,972$448
27 years$6,308$4,693$3,438$2,486$1,778$376
28 years$6,018$4,422$3,196$2,278$1,604$316
29 years$5,748$4,172$2,974$2,089$1,449$266
30 years$5,496$3,940$2,771$1,917$1,309$224
31 years$5,261$3,725$2,583$1,760$1,183$188
32 years$5,041$3,524$2,410$1,618$1,070$158
33 years$4,835$3,338$2,250$1,488$969$133
34 years$4,642$3,163$2,102$1,369$877$112
35 years$4,460$3,000$1,966$1,260$794$94
36 years$4,288$2,848$1,839$1,161$720$79
37 years$4,126$2,705$1,721$1,069$652$67
38 years$3,973$2,570$1,612$986$591$56
39 years$3,829$2,444$1,510$909$536$47
40 years$3,691$2,325$1,415$838$486$40
41 years$3,561$2,214$1,327$773$441$33
42 years$3,437$2,108$1,245$714$400$28
43 years$3,320$2,009$1,168$659$363$24
44 years$3,208$1,915$1,097$608$330$20
45 years$3,101$1,826$1,030$562$299$17
46 years$3,000$1,742$967$519$272$14
47 years$2,903$1,662$909$479$247$12
48 years$2,810$1,587$854$443$224$10
49 years$2,721$1,515$802$409$204$8
50 years$2,636$1,447$754$378$185$7

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 $5,035 every year, while hoping to spend $42,775 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: 43/34/23 Blend
53$2,700,000$2,700,000$2,700,000$2,700,000
54$2,980,594$2,837,494$2,795,644$3,088,589
55$3,239,102$2,931,019$2,843,785$3,259,345
56$3,522,544$3,027,693$2,892,106$3,439,721
57$3,833,419$3,127,625$2,940,567$3,634,294
58$4,174,478$3,230,928$2,989,126$3,844,399
59$4,548,751$3,337,720$3,037,738$4,071,503
60$4,959,577$3,448,122$3,086,356$4,317,221
61$5,410,633$3,562,259$3,134,928$4,583,327
62$5,905,971$3,680,263$3,183,401$4,871,774
63$6,450,051$3,802,267$3,231,716$5,184,712
64$7,047,790$3,928,412$3,279,813$5,524,506
65$7,704,603$4,058,843$3,327,625$5,893,757
66$8,426,457$4,193,710$3,375,084$6,295,331
67$9,219,923$4,333,169$3,422,117$6,732,380
68$10,092,242$4,477,381$3,468,645$7,208,374
69$11,051,392$4,626,515$3,514,586$7,727,134
70$12,106,163$4,780,743$3,559,854$8,292,865
71$13,266,237$4,940,245$3,604,354$8,910,200
72$14,542,284$5,105,208$3,647,991$9,584,237
73$15,946,059$5,275,825$3,690,661$10,320,590
74$17,490,514$5,452,297$3,732,255$11,125,444
75$19,189,918$5,634,831$3,772,657$12,005,607
76$21,059,996$5,823,645$3,811,748$12,968,578
77$23,118,073$6,018,960$3,849,398$14,022,616
78$25,383,237$6,221,009$3,885,473$15,176,819
79$27,876,521$6,430,033$3,919,831$16,441,204
80$30,621,103$6,646,281$3,952,322$17,826,808
81$33,642,519$6,870,013$3,982,789$19,345,786
82$36,968,909$7,101,496$4,011,065$21,011,531
83$40,631,279$7,341,010$4,036,976$22,838,791
84$44,663,793$7,588,844$4,060,339$24,843,818
85$49,104,100$7,845,298$4,080,960$27,044,511
86$53,993,683$8,110,682$4,098,638$29,460,591
87$59,378,254$8,385,321$4,113,157$32,113,783
88$65,308,184$8,669,549$4,124,296$35,028,024
89$71,838,977$8,963,715$4,131,818$38,229,683
90$79,031,796$9,268,180$4,135,477$41,747,813
91$86,954,037$9,583,319$4,135,013$45,614,423
92$95,679,968$9,909,522$4,130,156$49,864,780
93$105,291,428$10,247,191$4,120,619$54,537,741
94$115,878,598$10,596,748$4,106,104$59,676,118
95$127,540,853$10,958,627$4,086,297$65,327,082
96$140,387,702$11,333,282$4,060,870$71,542,608
97$154,539,817$11,721,181$4,029,478$78,379,964
98$170,130,173$12,122,814$3,991,760$85,902,251
99$187,305,305$12,538,686$3,947,339$94,178,996
100$206,226,689$12,969,325$3,895,818$103,286,811