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%18.7%
1 years$227,092$225,070$223,096$221,170$219,289$211,592
2 years$112,422$110,328$108,299$106,332$104,423$96,750
3 years$74,204$72,101$70,077$68,128$66,250$58,842
4 years$55,098$53,002$50,998$49,082$47,250$40,162
5 years$43,638$41,554$39,576$37,700$35,919$29,171
6 years$36,000$33,932$31,984$30,149$28,421$22,018
7 years$30,547$28,496$26,579$24,787$23,114$17,054
8 years$26,458$24,426$22,541$20,793$19,175$13,454
9 years$23,280$21,268$19,414$17,711$16,149$10,758
10 years$20,740$18,746$16,926$15,267$13,759$8,691
11 years$18,662$16,689$14,901$13,287$11,834$7,077
12 years$16,932$14,979$13,224$11,655$10,255$5,799
13 years$15,469$13,537$11,815$10,289$8,942$4,775
14 years$14,216$12,304$10,616$9,134$7,839$3,948
15 years$13,132$11,240$9,585$8,146$6,902$3,274
16 years$12,184$10,313$8,690$7,293$6,100$2,723
17 years$11,348$9,498$7,908$6,553$5,409$2,269
18 years$10,606$8,776$7,219$5,906$4,809$1,895
19 years$9,943$8,134$6,608$5,336$4,286$1,584
20 years$9,346$7,558$6,065$4,833$3,829$1,326
21 years$8,808$7,040$5,578$4,386$3,426$1,111
22 years$8,319$6,572$5,141$3,988$3,071$932
23 years$7,873$6,146$4,747$3,632$2,757$782
24 years$7,465$5,759$4,390$3,313$2,478$657
25 years$7,090$5,404$4,066$3,025$2,230$552
26 years$6,744$5,079$3,771$2,766$2,008$464
27 years$6,425$4,780$3,502$2,532$1,811$390
28 years$6,129$4,504$3,256$2,320$1,634$328
29 years$5,854$4,249$3,030$2,127$1,475$276
30 years$5,598$4,013$2,822$1,952$1,333$232
31 years$5,359$3,794$2,631$1,793$1,205$196
32 years$5,135$3,590$2,455$1,648$1,090$165
33 years$4,925$3,399$2,292$1,515$987$139
34 years$4,728$3,222$2,141$1,394$893$117
35 years$4,542$3,056$2,002$1,284$809$98
36 years$4,368$2,900$1,873$1,182$733$83
37 years$4,203$2,755$1,753$1,089$664$70
38 years$4,047$2,618$1,642$1,004$602$59
39 years$3,899$2,489$1,538$926$546$49
40 years$3,760$2,369$1,442$854$495$42
41 years$3,627$2,255$1,352$788$449$35
42 years$3,501$2,147$1,268$727$408$30
43 years$3,381$2,046$1,190$671$370$25
44 years$3,267$1,950$1,117$620$336$21
45 years$3,159$1,860$1,049$572$305$18
46 years$3,055$1,774$985$529$277$15
47 years$2,956$1,693$925$488$251$13
48 years$2,862$1,616$870$451$228$11
49 years$2,771$1,543$817$417$207$9
50 years$2,685$1,474$768$385$188$7

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 $4,840 every year, while hoping to spend $48,093 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: 32/38/30 Blend
53$2,750,000$2,750,000$2,750,000$2,750,000
54$3,035,492$2,889,742$2,847,117$3,104,788
55$3,293,942$2,980,169$2,891,325$3,249,123
56$3,577,142$3,073,415$2,935,402$3,399,926
57$3,887,565$3,169,567$2,979,293$3,561,432
58$4,227,937$3,268,716$3,022,939$3,734,621
59$4,601,257$3,370,954$3,066,279$3,920,568
60$5,010,831$3,476,377$3,109,245$4,120,458
61$5,460,300$3,585,083$3,151,769$4,335,591
62$5,953,673$3,697,174$3,193,775$4,567,399
63$6,495,367$3,812,756$3,235,186$4,817,457
64$7,090,248$3,931,934$3,275,919$5,087,499
65$7,743,676$4,054,822$3,315,885$5,379,431
66$8,461,556$4,181,533$3,354,992$5,695,354
67$9,250,393$4,312,186$3,393,142$6,037,578
68$10,117,352$4,446,902$3,430,231$6,408,646
69$11,070,329$4,585,807$3,466,151$6,811,359
70$12,118,021$4,729,031$3,500,786$7,248,799
71$13,270,011$4,876,705$3,534,014$7,724,363
72$14,536,856$5,028,968$3,565,708$8,241,787
73$15,930,189$5,185,961$3,595,732$8,805,189
74$17,462,825$5,347,829$3,623,946$9,419,102
75$19,148,884$5,514,724$3,650,199$10,088,519
76$21,003,924$5,686,799$3,674,334$10,818,940
77$23,045,086$5,864,214$3,696,186$11,616,422
78$25,291,258$6,047,134$3,715,581$12,487,636
79$27,763,250$6,235,727$3,732,337$13,439,933
80$30,483,992$6,430,168$3,746,261$14,481,409
81$33,478,749$6,630,637$3,757,151$15,620,982
82$36,775,362$6,837,318$3,764,796$16,868,479
83$40,404,506$7,050,403$3,768,973$18,234,723
84$44,399,981$7,270,088$3,769,449$19,731,641
85$48,799,032$7,496,575$3,765,979$21,372,372
86$53,642,699$7,730,074$3,758,305$23,171,391
87$58,976,204$7,970,797$3,746,158$25,144,648
88$64,849,379$8,218,968$3,729,256$27,309,716
89$71,317,131$8,474,814$3,707,302$29,685,958
90$78,439,968$8,738,569$3,679,986$32,294,707
91$86,284,561$9,010,475$3,646,982$35,159,472
92$94,924,380$9,290,782$3,607,950$38,306,154
93$104,440,383$9,579,746$3,562,532$41,763,293
94$114,921,780$9,877,632$3,510,355$45,562,339
95$126,466,876$10,184,711$3,451,026$49,737,947
96$139,183,999$10,501,263$3,384,138$54,328,300
97$153,192,520$10,827,578$3,309,259$59,375,477
98$168,623,980$11,163,952$3,225,943$64,925,844
99$185,623,333$11,510,693$3,133,718$71,030,494
100$204,350,310$11,868,114$3,032,095$77,745,729