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%17.7%
1 years$222,963$220,977$219,040$217,149$215,302$208,577
2 years$110,378$108,322$106,330$104,398$102,525$95,809
3 years$72,854$70,790$68,803$66,889$65,046$58,551
4 years$54,096$52,038$50,071$48,190$46,391$40,166
5 years$42,844$40,798$38,857$37,014$35,266$29,327
6 years$35,345$33,315$31,402$29,601$27,905$22,258
7 years$29,991$27,978$26,095$24,336$22,694$17,339
8 years$25,977$23,982$22,131$20,415$18,827$13,760
9 years$22,857$20,881$19,061$17,389$15,855$11,070
10 years$20,362$18,405$16,618$14,990$13,509$8,999
11 years$18,323$16,385$14,630$13,045$11,618$7,376
12 years$16,624$14,707$12,984$11,443$10,068$6,084
13 years$15,188$13,290$11,600$10,102$8,780$5,044
14 years$13,958$12,081$10,423$8,968$7,696$4,199
15 years$12,893$11,036$9,411$7,997$6,776$3,508
16 years$11,962$10,125$8,532$7,161$5,989$2,938
17 years$11,141$9,325$7,764$6,434$5,310$2,467
18 years$10,413$8,617$7,087$5,798$4,722$2,075
19 years$9,762$7,986$6,488$5,239$4,208$1,748
20 years$9,176$7,421$5,954$4,745$3,759$1,475
21 years$8,648$6,912$5,477$4,307$3,364$1,245
22 years$8,167$6,452$5,048$3,916$3,015$1,053
23 years$7,730$6,035$4,661$3,566$2,707$891
24 years$7,329$5,654$4,310$3,252$2,433$754
25 years$6,961$5,306$3,992$2,970$2,189$639
26 years$6,622$4,987$3,703$2,716$1,972$541
27 years$6,308$4,693$3,438$2,486$1,778$459
28 years$6,018$4,422$3,196$2,278$1,604$389
29 years$5,748$4,172$2,974$2,089$1,449$330
30 years$5,496$3,940$2,771$1,917$1,309$280
31 years$5,261$3,725$2,583$1,760$1,183$238
32 years$5,041$3,524$2,410$1,618$1,070$202
33 years$4,835$3,338$2,250$1,488$969$171
34 years$4,642$3,163$2,102$1,369$877$145
35 years$4,460$3,000$1,966$1,260$794$123
36 years$4,288$2,848$1,839$1,161$720$105
37 years$4,126$2,705$1,721$1,069$652$89
38 years$3,973$2,570$1,612$986$591$76
39 years$3,829$2,444$1,510$909$536$64
40 years$3,691$2,325$1,415$838$486$55
41 years$3,561$2,214$1,327$773$441$46
42 years$3,437$2,108$1,245$714$400$39
43 years$3,320$2,009$1,168$659$363$33
44 years$3,208$1,915$1,097$608$330$28
45 years$3,101$1,826$1,030$562$299$24
46 years$3,000$1,742$967$519$272$21
47 years$2,903$1,662$909$479$247$17
48 years$2,810$1,587$854$443$224$15
49 years$2,721$1,515$802$409$204$13
50 years$2,636$1,447$754$378$185$11

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 $5,255 every year, while hoping to spend $20,127 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: 59/21/20 Blend
53$2,700,000$2,700,000$2,700,000$2,700,000
54$2,980,821$2,837,721$2,795,871$3,140,679
55$3,263,449$2,955,354$2,868,117$3,367,357
56$3,574,232$3,078,077$2,942,110$3,611,802
57$3,916,018$3,206,117$3,017,885$3,877,947
58$4,291,948$3,339,714$3,095,481$4,167,894
59$4,705,484$3,479,116$3,174,936$4,483,956
60$5,160,436$3,624,586$3,256,289$4,828,677
61$5,661,006$3,776,396$3,339,580$5,204,857
62$6,211,821$3,934,832$3,424,849$5,615,575
63$6,817,981$4,100,193$3,512,136$6,064,223
64$7,485,105$4,272,792$3,601,482$6,554,530
65$8,219,384$4,452,957$3,692,930$7,090,603
66$9,027,639$4,641,031$3,786,522$7,676,962
67$9,917,388$4,837,371$3,882,299$8,318,581
68$10,896,913$5,042,352$3,980,307$9,020,937
69$11,975,339$5,256,369$4,080,589$9,790,060
70$13,162,723$5,479,831$4,183,188$10,632,588
71$14,470,147$5,713,168$4,288,151$11,555,829
72$15,909,820$5,956,831$4,395,522$12,567,831
73$17,495,196$6,211,291$4,505,347$13,677,455
74$19,241,102$6,477,040$4,617,672$14,894,459
75$21,163,874$6,754,595$4,732,543$16,229,587
76$23,281,515$7,044,496$4,850,009$17,694,674
77$25,613,861$7,347,308$4,970,116$19,302,751
78$28,182,772$7,663,623$5,092,912$21,068,172
79$31,012,335$7,994,061$5,218,445$23,006,743
80$34,129,094$8,339,270$5,346,764$25,135,877
81$37,562,298$8,699,930$5,477,916$27,474,749
82$41,344,177$9,076,752$5,611,951$30,044,483
83$45,510,249$9,470,479$5,748,918$32,868,345
84$50,099,654$9,881,892$5,888,866$35,971,965
85$55,155,519$10,311,805$6,031,843$39,383,575
86$60,725,372$10,761,074$6,177,900$43,134,274
87$66,861,586$11,230,592$6,327,086$47,258,320
88$73,621,874$11,721,297$6,479,449$51,793,455
89$81,069,834$12,234,170$6,635,040$56,781,256
90$89,275,549$12,770,236$6,793,906$62,267,525
91$98,316,250$13,330,573$6,956,097$68,302,724
92$108,277,043$13,916,306$7,121,661$74,942,444
93$119,251,711$14,528,615$7,290,647$82,247,933
94$131,343,603$15,168,735$7,463,101$90,286,667
95$144,666,607$15,837,959$7,639,071$99,132,989
96$159,346,225$16,537,643$7,818,604$108,868,806
97$175,520,758$17,269,206$8,001,746$119,584,361
98$193,342,613$18,034,134$8,188,541$131,379,082
99$212,979,736$18,833,983$8,379,034$144,362,518
100$234,617,205$19,670,385$8,573,268$158,655,371