Can I retire at age 54 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$227,918$225,888$223,907$221,974$220,086$218,975
2 years$112,831$110,729$108,693$106,718$104,803$103,681
3 years$74,473$72,363$70,331$68,375$66,491$65,394
4 years$55,298$53,194$51,183$49,261$47,422$46,358
5 years$43,796$41,705$39,720$37,837$36,050$35,021
6 years$36,131$34,055$32,100$30,258$28,525$27,534
7 years$30,658$28,600$26,675$24,877$23,198$22,245
8 years$26,555$24,515$22,623$20,869$19,245$18,330
9 years$23,365$21,345$19,485$17,776$16,207$15,330
10 years$20,815$18,814$16,987$15,323$13,809$12,969
11 years$18,730$16,749$14,955$13,335$11,877$11,073
12 years$16,993$15,033$13,273$11,697$10,292$9,525
13 years$15,525$13,586$11,858$10,327$8,975$8,243
14 years$14,268$12,349$10,655$9,167$7,867$7,170
15 years$13,179$11,281$9,620$8,175$6,927$6,264
16 years$12,228$10,350$8,722$7,320$6,122$5,491
17 years$11,389$9,532$7,936$6,577$5,428$4,829
18 years$10,644$8,808$7,245$5,927$4,827$4,259
19 years$9,979$8,163$6,632$5,356$4,302$3,764
20 years$9,380$7,586$6,087$4,851$3,843$3,333
21 years$8,840$7,066$5,599$4,402$3,439$2,957
22 years$8,349$6,596$5,160$4,003$3,082$2,627
23 years$7,901$6,169$4,764$3,645$2,767$2,337
24 years$7,492$5,780$4,406$3,325$2,487$2,082
25 years$7,116$5,424$4,081$3,036$2,238$1,856
26 years$6,769$5,098$3,785$2,776$2,016$1,657
27 years$6,449$4,798$3,515$2,541$1,817$1,480
28 years$6,151$4,521$3,267$2,328$1,640$1,323
29 years$5,875$4,265$3,041$2,135$1,481$1,183
30 years$5,618$4,028$2,832$1,959$1,338$1,059
31 years$5,378$3,807$2,640$1,800$1,210$948
32 years$5,153$3,603$2,464$1,654$1,094$849
33 years$4,943$3,412$2,300$1,521$990$761
34 years$4,745$3,234$2,149$1,399$897$682
35 years$4,559$3,067$2,009$1,288$812$612
36 years$4,384$2,911$1,880$1,186$736$549
37 years$4,218$2,765$1,759$1,093$667$492
38 years$4,062$2,628$1,648$1,008$605$442
39 years$3,914$2,499$1,544$929$548$397
40 years$3,773$2,377$1,447$857$497$356
41 years$3,640$2,263$1,357$791$451$320
42 years$3,514$2,155$1,273$730$409$287
43 years$3,394$2,053$1,194$673$372$258
44 years$3,279$1,957$1,121$622$337$232
45 years$3,170$1,866$1,052$574$306$208
46 years$3,066$1,780$989$530$278$187
47 years$2,967$1,699$929$490$252$168
48 years$2,872$1,622$873$453$229$151
49 years$2,782$1,549$820$419$208$136
50 years$2,695$1,480$771$387$189$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,760,000, adding $4,990 every year, while hoping to spend $29,319 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: 39/42/19 Blend
53$2,760,000$2,760,000$2,760,000$2,760,000
54$3,046,667$2,900,387$2,857,607$3,148,040
55$3,326,232$3,011,311$2,922,142$3,332,159
56$3,633,330$3,126,687$2,987,856$3,527,946
57$3,970,738$3,246,704$3,054,757$3,739,039
58$4,341,516$3,371,555$3,122,855$3,966,841
59$4,749,036$3,501,446$3,192,155$4,212,892
60$5,197,009$3,636,589$3,262,664$4,478,883
61$5,689,529$3,777,206$3,334,388$4,766,672
62$6,231,102$3,923,531$3,407,331$5,078,299
63$6,826,695$4,075,804$3,481,497$5,416,006
64$7,481,778$4,234,279$3,556,888$5,782,257
65$8,202,381$4,399,220$3,633,505$6,179,759
66$8,995,146$4,570,904$3,711,350$6,611,489
67$9,867,390$4,749,618$3,790,419$7,080,719
68$10,827,178$4,935,663$3,870,712$7,591,046
69$11,883,394$5,129,353$3,952,225$8,146,427
70$13,045,826$5,331,018$4,034,950$8,751,213
71$14,325,262$5,541,000$4,118,883$9,410,188
72$15,733,586$5,759,656$4,204,013$10,128,618
73$17,283,895$5,987,362$4,290,330$10,912,293
74$18,990,617$6,224,508$4,377,822$11,767,585
75$20,869,655$6,471,503$4,466,473$12,701,505
76$22,938,526$6,728,774$4,556,267$13,721,767
77$25,216,538$6,996,766$4,647,184$14,836,861
78$27,724,963$7,275,946$4,739,202$16,056,132
79$30,487,242$7,566,800$4,832,298$17,389,863
80$33,529,205$7,869,837$4,926,445$18,849,375
81$36,879,314$8,185,590$5,021,611$20,447,129
82$40,568,934$8,514,613$5,117,765$22,196,843
83$44,632,624$8,857,488$5,214,869$24,113,620
84$49,108,470$9,214,823$5,312,885$26,214,086
85$54,038,436$9,587,252$5,411,769$28,516,550
86$59,468,767$9,975,437$5,511,474$31,041,169
87$65,450,422$10,380,074$5,611,948$33,810,141
88$72,039,554$10,801,888$5,713,138$36,847,908
89$79,298,044$11,241,635$5,814,983$40,181,387
90$87,294,078$11,700,109$5,917,420$43,840,220
91$96,102,799$12,178,140$6,020,378$47,857,054
92$105,807,008$12,676,592$6,123,784$52,267,843
93$116,497,951$13,196,373$6,227,559$57,112,186
94$128,276,177$13,738,430$6,331,617$62,433,698
95$141,252,488$14,303,754$6,435,867$68,280,418
96$155,548,985$14,893,381$6,540,212$74,705,261
97$171,300,220$15,508,395$6,644,547$81,766,511
98$188,654,466$16,149,931$6,748,763$89,528,372
99$207,775,116$16,819,172$6,852,742$98,061,566
100$228,842,227$17,517,360$6,956,357$107,444,000