Can I retire at age 54 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$227,092$225,070$223,096$221,170$219,289$217,089
2 years$112,422$110,328$108,299$106,332$104,423$102,208
3 years$74,204$72,101$70,077$68,128$66,250$64,088
4 years$55,098$53,002$50,998$49,082$47,250$45,157
5 years$43,638$41,554$39,576$37,700$35,919$33,901
6 years$36,000$33,932$31,984$30,149$28,421$26,482
7 years$30,547$28,496$26,579$24,787$23,114$21,254
8 years$26,458$24,426$22,541$20,793$19,175$17,394
9 years$23,280$21,268$19,414$17,711$16,149$14,445
10 years$20,740$18,746$16,926$15,267$13,759$12,134
11 years$18,662$16,689$14,901$13,287$11,834$10,284
12 years$16,932$14,979$13,224$11,655$10,255$8,779
13 years$15,469$13,537$11,815$10,289$8,942$7,539
14 years$14,216$12,304$10,616$9,134$7,839$6,507
15 years$13,132$11,240$9,585$8,146$6,902$5,638
16 years$12,184$10,313$8,690$7,293$6,100$4,903
17 years$11,348$9,498$7,908$6,553$5,409$4,276
18 years$10,606$8,776$7,219$5,906$4,809$3,739
19 years$9,943$8,134$6,608$5,336$4,286$3,276
20 years$9,346$7,558$6,065$4,833$3,829$2,876
21 years$8,808$7,040$5,578$4,386$3,426$2,529
22 years$8,319$6,572$5,141$3,988$3,071$2,227
23 years$7,873$6,146$4,747$3,632$2,757$1,963
24 years$7,465$5,759$4,390$3,313$2,478$1,733
25 years$7,090$5,404$4,066$3,025$2,230$1,531
26 years$6,744$5,079$3,771$2,766$2,008$1,353
27 years$6,425$4,780$3,502$2,532$1,811$1,197
28 years$6,129$4,504$3,256$2,320$1,634$1,060
29 years$5,854$4,249$3,030$2,127$1,475$939
30 years$5,598$4,013$2,822$1,952$1,333$832
31 years$5,359$3,794$2,631$1,793$1,205$738
32 years$5,135$3,590$2,455$1,648$1,090$655
33 years$4,925$3,399$2,292$1,515$987$581
34 years$4,728$3,222$2,141$1,394$893$516
35 years$4,542$3,056$2,002$1,284$809$458
36 years$4,368$2,900$1,873$1,182$733$406
37 years$4,203$2,755$1,753$1,089$664$361
38 years$4,047$2,618$1,642$1,004$602$321
39 years$3,899$2,489$1,538$926$546$285
40 years$3,760$2,369$1,442$854$495$253
41 years$3,627$2,255$1,352$788$449$225
42 years$3,501$2,147$1,268$727$408$200
43 years$3,381$2,046$1,190$671$370$178
44 years$3,267$1,950$1,117$620$336$158
45 years$3,159$1,860$1,049$572$305$141
46 years$3,055$1,774$985$529$277$125
47 years$2,956$1,693$925$488$251$111
48 years$2,862$1,616$870$451$228$99
49 years$2,771$1,543$817$417$207$88
50 years$2,685$1,474$768$385$188$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,750,000, adding $2,986 every year, while hoping to spend $59,306 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: 33/39/28 Blend
53$2,750,000$2,750,000$2,750,000$2,750,000
54$3,033,580$2,887,830$2,845,205$3,107,786
55$3,279,904$2,966,233$2,877,418$3,242,874
56$3,549,366$3,046,489$2,908,723$3,382,883
57$3,844,262$3,128,628$2,939,026$3,532,625
58$4,167,122$3,212,677$2,968,230$3,693,004
59$4,520,733$3,298,663$2,996,230$3,865,014
60$4,908,162$3,386,611$3,022,918$4,049,750
61$5,332,788$3,476,548$3,048,179$4,248,418
62$5,798,332$3,568,498$3,071,892$4,462,346
63$6,308,891$3,662,484$3,093,929$4,692,997
64$6,868,980$3,758,528$3,114,158$4,941,984
65$7,483,570$3,856,650$3,132,436$5,211,081
66$8,158,138$3,956,869$3,148,617$5,502,246
67$8,898,716$4,059,204$3,162,543$5,817,635
68$9,711,949$4,163,669$3,174,053$6,159,623
69$10,605,157$4,270,278$3,182,973$6,530,828
70$11,586,404$4,379,043$3,189,123$6,934,135
71$12,664,573$4,489,972$3,192,315$7,372,725
72$13,849,450$4,603,071$3,192,349$7,850,100
73$15,151,818$4,718,345$3,189,016$8,370,123
74$16,583,553$4,835,794$3,182,097$8,937,051
75$18,157,742$4,955,414$3,171,364$9,555,576
76$19,888,802$5,077,200$3,156,575$10,230,867
77$21,792,618$5,201,141$3,137,479$10,968,625
78$23,886,691$5,327,223$3,113,810$11,775,132
79$26,190,302$5,455,426$3,085,292$12,657,312
80$28,724,698$5,585,727$3,051,634$13,622,798
81$31,513,287$5,718,097$3,012,533$14,680,003
82$34,581,859$5,852,501$2,967,670$15,838,200
83$37,958,834$5,988,898$2,916,712$17,107,612
84$41,675,523$6,127,242$2,859,310$18,499,504
85$45,766,429$6,267,479$2,795,099$20,026,298
86$50,269,566$6,409,548$2,723,697$21,701,681
87$55,226,826$6,553,380$2,644,705$23,540,745
88$60,684,363$6,698,896$2,557,703$25,560,123
89$66,693,038$6,846,012$2,462,256$27,778,147
90$73,308,892$6,994,631$2,357,906$30,215,028
91$80,593,678$7,144,646$2,244,175$32,893,040
92$88,615,441$7,295,942$2,120,563$35,836,738
93$97,449,162$7,448,390$1,986,548$39,073,184
94$107,177,464$7,601,848$1,841,584$42,632,211
95$117,891,389$7,756,162$1,685,101$46,546,700
96$129,691,263$7,911,166$1,516,504$50,852,894
97$142,687,634$8,066,676$1,335,170$55,590,742
98$157,002,323$8,222,494$1,140,448$60,804,274
99$172,769,568$8,378,403$931,661$66,542,024
100$190,137,292$8,534,173$708,099$72,857,487