Can I retire at age 54 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$224,615$222,614$220,662$218,757$216,897$214,009
2 years$111,196$109,125$107,118$105,172$103,284$100,379
3 years$73,394$71,314$69,312$67,384$65,528$62,696
4 years$54,497$52,423$50,442$48,547$46,735$43,999
5 years$43,162$41,101$39,145$37,289$35,527$32,894
6 years$35,607$33,562$31,635$29,820$28,111$25,584
7 years$30,213$28,185$26,289$24,517$22,862$20,442
8 years$26,170$24,160$22,295$20,566$18,966$16,653
9 years$23,027$21,035$19,203$17,518$15,972$13,765
10 years$20,513$18,542$16,741$15,101$13,609$11,506
11 years$18,458$16,507$14,739$13,142$11,704$9,704
12 years$16,747$14,815$13,080$11,527$10,143$8,242
13 years$15,300$13,389$11,686$10,177$8,845$7,041
14 years$14,061$12,170$10,500$9,034$7,753$6,045
15 years$12,988$11,118$9,480$8,057$6,827$5,210
16 years$12,051$10,200$8,595$7,214$6,033$4,505
17 years$11,224$9,394$7,821$6,482$5,350$3,907
18 years$10,490$8,680$7,140$5,841$4,757$3,397
19 years$9,834$8,045$6,536$5,278$4,240$2,959
20 years$9,244$7,476$5,999$4,780$3,787$2,583
21 years$8,712$6,963$5,518$4,338$3,389$2,257
22 years$8,228$6,500$5,085$3,945$3,038$1,976
23 years$7,787$6,079$4,695$3,592$2,727$1,731
24 years$7,383$5,696$4,342$3,277$2,451$1,519
25 years$7,013$5,345$4,022$2,992$2,205$1,333
26 years$6,671$5,024$3,730$2,736$1,987$1,171
27 years$6,355$4,728$3,464$2,504$1,791$1,030
28 years$6,062$4,455$3,220$2,295$1,616$906
29 years$5,790$4,203$2,997$2,104$1,459$797
30 years$5,537$3,969$2,791$1,931$1,319$702
31 years$5,300$3,752$2,602$1,774$1,192$618
32 years$5,079$3,550$2,428$1,630$1,078$545
33 years$4,871$3,362$2,267$1,499$976$480
34 years$4,676$3,187$2,118$1,379$884$423
35 years$4,493$3,023$1,980$1,270$800$373
36 years$4,320$2,869$1,852$1,169$725$329
37 years$4,157$2,725$1,734$1,077$657$290
38 years$4,003$2,589$1,624$993$596$256
39 years$3,857$2,462$1,521$916$540$226
40 years$3,719$2,343$1,426$844$490$200
41 years$3,588$2,230$1,337$779$445$176
42 years$3,463$2,124$1,254$719$403$156
43 years$3,345$2,024$1,177$664$366$137
44 years$3,232$1,929$1,105$613$332$121
45 years$3,124$1,839$1,037$566$302$107
46 years$3,022$1,755$974$523$274$95
47 years$2,924$1,674$915$483$249$83
48 years$2,831$1,599$860$446$226$74
49 years$2,741$1,526$808$412$205$65
50 years$2,656$1,458$760$381$186$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,720,000, adding $5,085 every year, while hoping to spend $49,861 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: 35/48/17 Blend
53$2,720,000$2,720,000$2,720,000$2,720,000
54$3,002,685$2,858,525$2,816,365$3,091,941
55$3,255,907$2,945,541$2,857,662$3,244,463
56$3,533,287$3,035,150$2,898,671$3,403,882
57$3,837,236$3,127,426$2,939,329$3,574,833
58$4,170,409$3,222,445$2,979,572$3,758,368
59$4,535,732$3,320,286$3,019,329$3,955,642
60$4,936,426$3,421,029$3,058,526$4,167,925
61$5,376,039$3,524,758$3,097,085$4,396,615
62$5,858,481$3,631,556$3,134,922$4,643,246
63$6,388,054$3,741,511$3,171,951$4,909,507
64$6,969,503$3,854,712$3,208,078$5,197,258
65$7,608,050$3,971,250$3,243,206$5,508,540
66$8,309,450$4,091,221$3,277,233$5,845,604
67$9,080,042$4,214,719$3,310,048$6,210,923
68$9,926,810$4,341,844$3,341,539$6,607,222
69$10,857,448$4,472,697$3,371,583$7,037,497
70$11,880,431$4,607,382$3,400,054$7,505,048
71$13,005,097$4,746,006$3,426,818$8,013,506
72$14,241,734$4,888,678$3,451,734$8,566,871
73$15,601,677$5,035,509$3,474,653$9,169,544
74$17,097,413$5,186,614$3,495,419$9,826,372
75$18,742,702$5,342,111$3,513,869$10,542,693
76$20,552,704$5,502,120$3,529,829$11,324,384
77$22,544,120$5,666,765$3,543,119$12,177,918
78$24,735,354$5,836,170$3,553,547$13,110,423
79$27,146,684$6,010,466$3,560,915$14,129,750
80$29,800,451$6,189,785$3,565,011$15,244,547
81$32,721,275$6,374,262$3,565,616$16,464,338
82$35,936,279$6,564,035$3,562,499$17,799,615
83$39,475,353$6,759,246$3,555,416$19,261,935
84$43,371,430$6,960,040$3,544,114$20,864,029
85$47,660,799$7,166,565$3,528,325$22,619,920
86$52,383,447$7,378,973$3,507,770$24,545,061
87$57,583,433$7,597,418$3,482,155$26,656,470
88$63,309,310$7,822,058$3,451,174$28,972,901
89$69,614,576$8,053,055$3,414,505$31,515,013
90$76,558,182$8,290,574$3,371,810$34,305,568
91$84,205,088$8,534,784$3,322,737$37,369,643
92$92,626,875$8,785,856$3,266,916$40,734,870
93$101,902,419$9,043,966$3,203,961$44,431,692
94$112,118,638$9,309,292$3,133,466$48,493,651
95$123,371,310$9,582,018$3,055,007$52,957,709
96$135,765,976$9,862,330$2,968,143$57,864,587
97$149,418,938$10,150,416$2,872,408$63,259,159
98$164,458,355$10,446,472$2,767,319$69,190,867
99$181,025,450$10,750,692$2,652,367$75,714,192
100$199,275,848$11,063,278$2,527,024$82,889,167