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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$227,092$225,070$223,096$221,170$219,289$216,101
2 years$112,422$110,328$108,299$106,332$104,423$101,218
3 years$74,204$72,101$70,077$68,128$66,250$63,128
4 years$55,098$53,002$50,998$49,082$47,250$44,234
5 years$43,638$41,554$39,576$37,700$35,919$33,018
6 years$36,000$33,932$31,984$30,149$28,421$25,639
7 years$30,547$28,496$26,579$24,787$23,114$20,452
8 years$26,458$24,426$22,541$20,793$19,175$16,632
9 years$23,280$21,268$19,414$17,711$16,149$13,724
10 years$20,740$18,746$16,926$15,267$13,759$11,451
11 years$18,662$16,689$14,901$13,287$11,834$9,639
12 years$16,932$14,979$13,224$11,655$10,255$8,171
13 years$15,469$13,537$11,815$10,289$8,942$6,967
14 years$14,216$12,304$10,616$9,134$7,839$5,969
15 years$13,132$11,240$9,585$8,146$6,902$5,134
16 years$12,184$10,313$8,690$7,293$6,100$4,431
17 years$11,348$9,498$7,908$6,553$5,409$3,834
18 years$10,606$8,776$7,219$5,906$4,809$3,326
19 years$9,943$8,134$6,608$5,336$4,286$2,891
20 years$9,346$7,558$6,065$4,833$3,829$2,518
21 years$8,808$7,040$5,578$4,386$3,426$2,196
22 years$8,319$6,572$5,141$3,988$3,071$1,917
23 years$7,873$6,146$4,747$3,632$2,757$1,676
24 years$7,465$5,759$4,390$3,313$2,478$1,467
25 years$7,090$5,404$4,066$3,025$2,230$1,285
26 years$6,744$5,079$3,771$2,766$2,008$1,126
27 years$6,425$4,780$3,502$2,532$1,811$988
28 years$6,129$4,504$3,256$2,320$1,634$867
29 years$5,854$4,249$3,030$2,127$1,475$761
30 years$5,598$4,013$2,822$1,952$1,333$668
31 years$5,359$3,794$2,631$1,793$1,205$587
32 years$5,135$3,590$2,455$1,648$1,090$516
33 years$4,925$3,399$2,292$1,515$987$454
34 years$4,728$3,222$2,141$1,394$893$399
35 years$4,542$3,056$2,002$1,284$809$351
36 years$4,368$2,900$1,873$1,182$733$309
37 years$4,203$2,755$1,753$1,089$664$272
38 years$4,047$2,618$1,642$1,004$602$239
39 years$3,899$2,489$1,538$926$546$211
40 years$3,760$2,369$1,442$854$495$185
41 years$3,627$2,255$1,352$788$449$163
42 years$3,501$2,147$1,268$727$408$144
43 years$3,381$2,046$1,190$671$370$126
44 years$3,267$1,950$1,117$620$336$111
45 years$3,159$1,860$1,049$572$305$98
46 years$3,055$1,774$985$529$277$86
47 years$2,956$1,693$925$488$251$76
48 years$2,862$1,616$870$451$228$67
49 years$2,771$1,543$817$417$207$59
50 years$2,685$1,474$768$385$188$52

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 $6,213 every year, while hoping to spend $26,136 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: 61/33/6 Blend
53$2,750,000$2,750,000$2,750,000$2,750,000
54$3,036,909$2,891,159$2,848,534$3,218,425
55$3,318,865$3,005,017$2,916,151$3,454,320
56$3,628,705$3,123,578$2,985,158$3,707,993
57$3,969,244$3,247,046$3,055,572$3,984,090
58$4,343,587$3,375,631$3,127,414$4,284,773
59$4,755,152$3,509,555$3,200,701$4,612,418
60$5,207,704$3,649,050$3,275,451$4,969,636
61$5,705,394$3,794,358$3,351,683$5,359,304
62$6,252,793$3,945,730$3,429,413$5,784,582
63$6,854,939$4,103,432$3,508,659$6,248,949
64$7,517,380$4,267,738$3,589,437$6,756,233
65$8,246,233$4,438,937$3,671,763$7,310,644
66$9,048,234$4,617,330$3,755,652$7,916,818
67$9,930,807$4,803,232$3,841,120$8,579,854
68$10,902,132$4,996,973$3,928,180$9,305,366
69$11,971,221$5,198,896$4,016,845$10,099,532
70$13,148,004$5,409,361$4,107,129$10,969,153
71$14,443,425$5,628,744$4,199,042$11,921,716
72$15,869,540$5,857,438$4,292,595$12,965,463
73$17,439,634$6,095,854$4,387,799$14,109,467
74$19,168,347$6,344,421$4,484,661$15,363,719
75$21,071,810$6,603,590$4,583,188$16,739,218
76$23,167,798$6,873,828$4,683,388$18,248,075
77$25,475,895$7,155,628$4,785,264$19,903,628
78$28,017,686$7,449,503$4,888,819$21,720,562
79$30,816,952$7,755,991$4,994,057$23,715,051
80$33,899,899$8,075,652$5,100,975$25,904,905
81$37,295,405$8,409,075$5,209,574$28,309,740
82$41,035,290$8,756,874$5,319,849$30,951,159
83$45,154,619$9,119,691$5,431,794$33,852,955
84$49,692,033$9,498,198$5,545,401$37,041,336
85$54,690,110$9,893,099$5,660,662$40,545,167
86$60,195,770$10,305,129$5,777,562$44,396,241
87$66,260,715$10,735,058$5,896,088$48,629,581
88$72,941,922$11,183,690$6,016,221$53,283,765
89$80,302,175$11,651,867$6,137,940$58,401,286
90$88,410,659$12,140,470$6,261,223$64,028,958
91$97,343,614$12,650,422$6,386,043$70,218,348
92$107,185,056$13,182,685$6,512,368$77,026,264
93$118,027,565$13,738,270$6,640,166$84,515,289
94$129,973,163$14,318,232$6,769,398$92,754,367
95$143,134,276$14,923,676$6,900,023$101,819,453
96$157,634,794$15,555,758$7,031,996$111,794,226
97$173,611,241$16,215,688$7,165,265$122,770,876
98$191,214,062$16,904,732$7,299,777$134,850,971
99$210,609,048$17,624,215$7,435,471$148,146,414
100$231,978,893$18,375,524$7,572,281$162,780,491