Can I retire at age 54 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$223,789$221,796$219,851$217,953$216,099$215,098
2 years$110,787$108,723$106,724$104,785$102,904$101,894
3 years$73,124$71,052$69,057$67,137$65,287$64,298
4 years$54,297$52,231$50,256$48,368$46,563$45,604
5 years$43,003$40,950$39,001$37,151$35,397$34,470
6 years$35,476$33,438$31,518$29,710$28,008$27,115
7 years$30,102$28,081$26,192$24,426$22,778$21,919
8 years$26,074$24,071$22,213$20,491$18,897$18,071
9 years$22,942$20,958$19,132$17,454$15,914$15,122
10 years$20,438$18,474$16,680$15,045$13,559$12,801
11 years$18,391$16,446$14,684$13,094$11,661$10,937
12 years$16,686$14,761$13,032$11,485$10,106$9,413
13 years$15,244$13,340$11,643$10,140$8,812$8,152
14 years$14,010$12,125$10,462$9,001$7,725$7,095
15 years$12,941$11,077$9,445$8,027$6,801$6,202
16 years$12,006$10,163$8,564$7,187$6,011$5,441
17 years$11,183$9,359$7,793$6,458$5,330$4,789
18 years$10,451$8,649$7,114$5,820$4,739$4,225
19 years$9,798$8,015$6,512$5,259$4,224$3,737
20 years$9,210$7,448$5,977$4,763$3,773$3,312
21 years$8,680$6,938$5,497$4,322$3,376$2,940
22 years$8,198$6,476$5,067$3,930$3,026$2,614
23 years$7,758$6,057$4,678$3,579$2,717$2,328
24 years$7,356$5,675$4,326$3,264$2,442$2,075
25 years$6,987$5,326$4,007$2,981$2,197$1,852
26 years$6,646$5,005$3,716$2,726$1,979$1,654
27 years$6,332$4,711$3,451$2,495$1,784$1,478
28 years$6,040$4,439$3,208$2,286$1,610$1,322
29 years$5,769$4,187$2,985$2,096$1,454$1,184
30 years$5,516$3,955$2,781$1,924$1,314$1,060
31 years$5,281$3,738$2,593$1,767$1,188$950
32 years$5,060$3,537$2,419$1,624$1,074$852
33 years$4,853$3,350$2,259$1,493$972$764
34 years$4,659$3,175$2,110$1,374$880$685
35 years$4,476$3,011$1,973$1,265$797$615
36 years$4,304$2,858$1,846$1,165$722$552
37 years$4,142$2,715$1,727$1,073$655$496
38 years$3,988$2,580$1,618$989$594$446
39 years$3,843$2,453$1,516$912$538$400
40 years$3,705$2,334$1,421$841$488$360
41 years$3,574$2,222$1,332$776$443$323
42 years$3,450$2,116$1,250$716$402$291
43 years$3,332$2,016$1,172$661$365$261
44 years$3,220$1,922$1,101$611$331$235
45 years$3,113$1,833$1,033$564$301$211
46 years$3,011$1,748$971$521$273$190
47 years$2,913$1,668$912$481$248$171
48 years$2,820$1,593$857$445$225$154
49 years$2,731$1,521$805$411$204$138
50 years$2,646$1,453$757$380$186$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,710,000, adding $2,509 every year, while hoping to spend $48,934 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: 45/34/21 Blend
53$2,710,000$2,710,000$2,710,000$2,710,000
54$2,989,008$2,845,378$2,803,373$3,105,332
55$3,241,821$2,932,736$2,845,221$3,274,745
56$3,518,782$3,022,735$2,886,830$3,453,333
57$3,822,300$3,115,452$2,928,142$3,646,000
58$4,155,033$3,210,967$2,969,092$3,854,078
59$4,519,904$3,309,362$3,009,615$4,079,031
60$4,920,135$3,410,722$3,049,638$4,322,473
61$5,359,275$3,515,133$3,089,087$4,586,176
62$5,841,232$3,622,685$3,127,882$4,872,095
63$6,370,310$3,733,469$3,165,938$5,182,379
64$6,951,253$3,847,580$3,203,168$5,519,394
65$7,589,283$3,965,114$3,239,477$5,885,744
66$8,290,156$4,086,171$3,274,766$6,284,298
67$9,060,212$4,210,853$3,308,930$6,718,213
68$9,906,433$4,339,265$3,341,859$7,190,966
69$10,836,515$4,471,514$3,373,437$7,706,386
70$11,858,933$4,607,712$3,403,541$8,268,689
71$12,983,026$4,747,972$3,432,042$8,882,519
72$14,219,084$4,892,411$3,458,803$9,552,991
73$15,578,440$5,041,149$3,483,683$10,285,738
74$17,073,584$5,194,309$3,506,530$11,086,964
75$18,718,277$5,352,017$3,527,185$11,963,504
76$20,527,678$5,514,403$3,545,483$12,922,886
77$22,518,493$5,681,601$3,561,249$13,973,405
78$24,709,126$5,853,746$3,574,298$15,124,195
79$27,119,857$6,030,979$3,584,437$16,385,322
80$29,773,030$6,213,445$3,591,463$17,767,874
81$32,693,265$6,401,290$3,595,163$19,284,066
82$35,907,691$6,594,666$3,595,314$20,947,358
83$39,446,200$6,793,729$3,591,681$22,772,578
84$43,341,728$6,998,637$3,584,018$24,776,061
85$47,630,568$7,209,555$3,572,067$26,975,810
86$52,352,712$7,426,649$3,555,557$29,391,656
87$57,552,225$7,650,090$3,534,204$32,045,451
88$63,277,663$7,880,056$3,507,711$34,961,274
89$69,582,532$8,116,727$3,475,767$38,165,654
90$76,525,790$8,360,286$3,438,045$41,687,824
91$84,172,405$8,610,924$3,394,203$45,559,995
92$92,593,965$8,868,834$3,343,884$49,817,661
93$101,869,357$9,134,215$3,286,712$54,499,930
94$112,085,510$9,407,270$3,222,295$59,649,898
95$123,338,213$9,688,207$3,150,223$65,315,053
96$135,733,021$9,977,239$3,070,066$71,547,722
97$149,386,250$10,274,585$2,981,374$78,405,568
98$164,426,076$10,580,467$2,883,678$85,952,129
99$180,993,739$10,895,114$2,776,485$94,257,425
100$199,244,885$11,218,760$2,659,282$103,398,609