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%19.7%
1 years$227,092$225,070$223,096$221,170$219,289$210,755
2 years$112,422$110,328$108,299$106,332$104,423$95,928
3 years$74,204$72,101$70,077$68,128$66,250$58,062
4 years$55,098$53,002$50,998$49,082$47,250$39,431
5 years$43,638$41,554$39,576$37,700$35,919$28,489
6 years$36,000$33,932$31,984$30,149$28,421$21,385
7 years$30,547$28,496$26,579$24,787$23,114$16,470
8 years$26,458$24,426$22,541$20,793$19,175$12,916
9 years$23,280$21,268$19,414$17,711$16,149$10,265
10 years$20,740$18,746$16,926$15,267$13,759$8,240
11 years$18,662$16,689$14,901$13,287$11,834$6,666
12 years$16,932$14,979$13,224$11,655$10,255$5,426
13 years$15,469$13,537$11,815$10,289$8,942$4,437
14 years$14,216$12,304$10,616$9,134$7,839$3,643
15 years$13,132$11,240$9,585$8,146$6,902$3,000
16 years$12,184$10,313$8,690$7,293$6,100$2,477
17 years$11,348$9,498$7,908$6,553$5,409$2,049
18 years$10,606$8,776$7,219$5,906$4,809$1,698
19 years$9,943$8,134$6,608$5,336$4,286$1,409
20 years$9,346$7,558$6,065$4,833$3,829$1,171
21 years$8,808$7,040$5,578$4,386$3,426$973
22 years$8,319$6,572$5,141$3,988$3,071$810
23 years$7,873$6,146$4,747$3,632$2,757$675
24 years$7,465$5,759$4,390$3,313$2,478$562
25 years$7,090$5,404$4,066$3,025$2,230$469
26 years$6,744$5,079$3,771$2,766$2,008$391
27 years$6,425$4,780$3,502$2,532$1,811$326
28 years$6,129$4,504$3,256$2,320$1,634$272
29 years$5,854$4,249$3,030$2,127$1,475$227
30 years$5,598$4,013$2,822$1,952$1,333$189
31 years$5,359$3,794$2,631$1,793$1,205$158
32 years$5,135$3,590$2,455$1,648$1,090$132
33 years$4,925$3,399$2,292$1,515$987$110
34 years$4,728$3,222$2,141$1,394$893$92
35 years$4,542$3,056$2,002$1,284$809$77
36 years$4,368$2,900$1,873$1,182$733$64
37 years$4,203$2,755$1,753$1,089$664$54
38 years$4,047$2,618$1,642$1,004$602$45
39 years$3,899$2,489$1,538$926$546$37
40 years$3,760$2,369$1,442$854$495$31
41 years$3,627$2,255$1,352$788$449$26
42 years$3,501$2,147$1,268$727$408$22
43 years$3,381$2,046$1,190$671$370$18
44 years$3,267$1,950$1,117$620$336$15
45 years$3,159$1,860$1,049$572$305$13
46 years$3,055$1,774$985$529$277$11
47 years$2,956$1,693$925$488$251$9
48 years$2,862$1,616$870$451$228$7
49 years$2,771$1,543$817$417$207$6
50 years$2,685$1,474$768$385$188$5

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 $6,867 every year, while hoping to spend $54,559 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: 26/44/30 Blend
53$2,750,000$2,750,000$2,750,000$2,750,000
54$3,037,583$2,891,833$2,849,208$3,088,068
55$3,289,366$2,975,483$2,886,606$3,214,200
56$3,565,003$3,061,403$2,923,429$3,344,355
57$3,866,868$3,149,646$2,959,599$3,482,900
58$4,197,578$3,240,268$2,995,034$3,630,582
59$4,560,013$3,333,324$3,029,650$3,788,227
60$4,957,347$3,428,869$3,063,356$3,956,742
61$5,393,073$3,526,960$3,096,055$4,137,124
62$5,871,041$3,627,656$3,127,648$4,330,471
63$6,395,490$3,731,013$3,158,026$4,537,993
64$6,971,089$3,837,092$3,187,079$4,761,019
65$7,602,981$3,945,951$3,214,688$5,001,015
66$8,296,833$4,057,651$3,240,728$5,259,592
67$9,058,886$4,172,251$3,265,068$5,538,527
68$9,896,016$4,289,815$3,287,571$5,839,775
69$10,815,796$4,410,402$3,308,091$6,165,490
70$11,826,570$4,534,075$3,326,476$6,518,044
71$12,937,532$4,660,897$3,342,564$6,900,050
72$14,158,809$4,790,929$3,356,189$7,314,387
73$15,501,558$4,924,235$3,367,171$7,764,225
74$16,978,071$5,060,877$3,375,326$8,253,058
75$18,601,893$5,200,918$3,380,458$8,784,735
76$20,387,944$5,344,421$3,382,361$9,363,498
77$22,352,665$5,491,448$3,380,821$9,994,018
78$24,514,170$5,642,062$3,375,611$10,681,445
79$26,892,416$5,796,325$3,366,496$11,431,452
80$29,509,395$5,954,297$3,353,225$12,250,292
81$32,389,335$6,116,039$3,335,540$13,144,853
82$35,558,933$6,281,611$3,313,167$14,122,729
83$39,047,605$6,451,071$3,285,819$15,192,286
84$42,887,765$6,624,477$3,253,198$16,362,745
85$47,115,125$6,801,886$3,214,989$17,644,268
86$51,769,041$6,983,350$3,170,863$19,048,053
87$56,892,872$7,168,924$3,120,477$20,586,442
88$62,534,402$7,358,658$3,063,469$22,273,038
89$68,746,279$7,552,600$2,999,463$24,122,832
90$75,586,518$7,750,796$2,928,064$26,152,345
91$83,119,048$7,953,290$2,848,859$28,379,785
92$91,414,310$8,160,121$2,761,416$30,825,222
93$100,549,929$8,371,326$2,665,282$33,510,772
94$110,611,439$8,586,938$2,559,986$36,460,812
95$121,693,093$8,806,986$2,445,033$39,702,208
96$133,898,754$9,031,494$2,319,907$43,264,569
97$147,342,871$9,260,480$2,184,068$47,180,531
98$162,151,560$9,493,960$2,036,951$51,486,059
99$178,463,797$9,731,942$1,877,966$56,220,794
100$196,432,724$9,974,427$1,706,498$61,428,425