Can I retire at age 54 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$225,441$223,433$221,474$219,561$217,694$209,222
2 years$111,604$109,526$107,511$105,558$103,664$95,231
3 years$73,664$71,576$69,567$67,632$65,769$57,640
4 years$54,697$52,616$50,627$48,725$46,907$39,144
5 years$43,320$41,252$39,289$37,426$35,658$28,282
6 years$35,738$33,685$31,751$29,930$28,215$21,230
7 years$30,324$28,289$26,385$24,607$22,946$16,350
8 years$26,266$24,249$22,377$20,642$19,036$12,822
9 years$23,111$21,113$19,273$17,582$16,031$10,190
10 years$20,589$18,610$16,803$15,156$13,659$8,180
11 years$18,526$16,567$14,793$13,190$11,747$6,618
12 years$16,809$14,870$13,128$11,570$10,180$5,386
13 years$15,357$13,438$11,729$10,214$8,877$4,405
14 years$14,113$12,215$10,539$9,067$7,782$3,616
15 years$13,036$11,158$9,515$8,086$6,852$2,978
16 years$12,095$10,238$8,627$7,240$6,056$2,459
17 years$11,265$9,429$7,850$6,505$5,369$2,034
18 years$10,529$8,712$7,166$5,863$4,774$1,686
19 years$9,870$8,075$6,560$5,297$4,255$1,399
20 years$9,278$7,503$6,021$4,798$3,801$1,162
21 years$8,744$6,989$5,538$4,354$3,401$966
22 years$8,258$6,524$5,104$3,959$3,049$804
23 years$7,816$6,102$4,713$3,606$2,737$670
24 years$7,410$5,717$4,358$3,289$2,460$558
25 years$7,038$5,365$4,037$3,003$2,214$465
26 years$6,695$5,042$3,744$2,746$1,994$388
27 years$6,378$4,745$3,477$2,514$1,798$324
28 years$6,085$4,472$3,232$2,303$1,622$270
29 years$5,811$4,218$3,008$2,112$1,465$225
30 years$5,557$3,984$2,801$1,938$1,323$188
31 years$5,320$3,766$2,612$1,780$1,196$157
32 years$5,097$3,563$2,437$1,636$1,082$131
33 years$4,889$3,375$2,275$1,504$979$109
34 years$4,693$3,198$2,126$1,384$887$91
35 years$4,509$3,034$1,987$1,274$803$76
36 years$4,336$2,879$1,859$1,173$728$64
37 years$4,172$2,735$1,740$1,081$660$53
38 years$4,017$2,599$1,630$997$598$44
39 years$3,871$2,471$1,527$919$542$37
40 years$3,732$2,351$1,431$848$492$31
41 years$3,601$2,238$1,342$782$446$26
42 years$3,476$2,132$1,259$722$405$22
43 years$3,357$2,031$1,181$666$367$18
44 years$3,244$1,936$1,109$615$334$15
45 years$3,136$1,846$1,041$568$303$13
46 years$3,033$1,761$978$525$275$11
47 years$2,935$1,681$919$485$250$9
48 years$2,841$1,604$863$448$227$7
49 years$2,751$1,532$811$414$206$6
50 years$2,665$1,464$763$383$187$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,730,000, adding $2,959 every year, while hoping to spend $44,745 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: 52/40/8 Blend
53$2,730,000$2,730,000$2,730,000$2,730,000
54$3,011,512$2,866,822$2,824,507$3,161,936
55$3,271,078$2,959,688$2,871,520$3,357,347
56$3,555,620$3,055,605$2,918,608$3,564,654
57$3,867,638$3,154,675$2,965,726$3,789,035
58$4,209,887$3,257,003$3,012,828$4,032,108
59$4,585,399$3,362,700$3,059,861$4,295,655
60$4,997,516$3,471,878$3,106,772$4,581,632
61$5,449,917$3,584,655$3,153,504$4,892,192
62$5,946,657$3,701,151$3,199,994$5,229,706
63$6,492,201$3,821,492$3,246,179$5,596,779
64$7,091,468$3,945,809$3,291,989$5,996,278
65$7,749,878$4,074,234$3,337,351$6,431,361
66$8,473,401$4,206,907$3,382,188$6,905,499
67$9,268,614$4,343,971$3,426,417$7,422,516
68$10,142,763$4,485,576$3,469,953$7,986,619
69$11,103,831$4,631,875$3,512,702$8,602,440
70$12,160,613$4,783,028$3,554,568$9,275,078
71$13,322,798$4,939,199$3,595,449$10,010,146
72$14,601,063$5,100,560$3,635,236$10,813,825
73$16,007,171$5,267,286$3,673,816$11,692,920
74$17,554,080$5,439,561$3,711,067$12,654,925
75$19,256,071$5,617,574$3,746,862$13,708,091
76$21,128,876$5,801,521$3,781,068$14,861,506
77$23,189,832$5,991,606$3,813,543$16,125,177
78$25,458,037$6,188,037$3,844,140$17,510,125
79$27,954,539$6,391,033$3,872,701$19,028,490
80$30,702,528$6,600,819$3,899,062$20,693,641
81$33,727,554$6,817,628$3,923,049$22,520,304
82$37,057,775$7,041,702$3,944,482$24,524,700
83$40,724,214$7,273,291$3,963,168$26,724,697
84$44,761,055$7,512,655$3,978,905$29,139,976
85$49,205,969$7,760,060$3,991,484$31,792,217
86$54,100,460$8,015,786$4,000,682$34,705,306
87$59,490,268$8,280,120$4,006,265$37,905,553
88$65,425,790$8,553,360$4,007,990$41,421,944
89$71,962,562$8,835,816$4,005,599$45,286,411
90$79,161,780$9,127,808$3,998,823$49,534,135
91$87,090,877$9,429,667$3,987,380$54,203,873
92$95,824,163$9,741,737$3,970,973$59,338,328
93$105,443,519$10,064,374$3,949,292$64,984,546
94$116,039,177$10,397,946$3,922,012$71,194,360
95$127,710,564$10,742,837$3,888,791$78,024,880
96$140,567,248$11,099,442$3,849,272$85,539,029
97$154,729,965$11,468,173$3,803,080$93,806,135
98$170,331,762$11,849,454$3,749,824$102,902,587
99$187,519,252$12,243,728$3,689,093$112,912,551
100$206,453,996$12,651,450$3,620,458$123,928,764