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%15.4%
1 years$227,918$225,888$223,907$221,974$220,086$215,203
2 years$112,831$110,729$108,693$106,718$104,803$99,909
3 years$74,473$72,363$70,331$68,375$66,491$61,739
4 years$55,298$53,194$51,183$49,261$47,422$42,848
5 years$43,796$41,705$39,720$37,837$36,050$31,666
6 years$36,131$34,055$32,100$30,258$28,525$24,337
7 years$30,658$28,600$26,675$24,877$23,198$19,207
8 years$26,555$24,515$22,623$20,869$19,245$15,449
9 years$23,365$21,345$19,485$17,776$16,207$12,603
10 years$20,815$18,814$16,987$15,323$13,809$10,394
11 years$18,730$16,749$14,955$13,335$11,877$8,645
12 years$16,993$15,033$13,273$11,697$10,292$7,239
13 years$15,525$13,586$11,858$10,327$8,975$6,096
14 years$14,268$12,349$10,655$9,167$7,867$5,156
15 years$13,179$11,281$9,620$8,175$6,927$4,377
16 years$12,228$10,350$8,722$7,320$6,122$3,727
17 years$11,389$9,532$7,936$6,577$5,428$3,182
18 years$10,644$8,808$7,245$5,927$4,827$2,722
19 years$9,979$8,163$6,632$5,356$4,302$2,334
20 years$9,380$7,586$6,087$4,851$3,843$2,003
21 years$8,840$7,066$5,599$4,402$3,439$1,722
22 years$8,349$6,596$5,160$4,003$3,082$1,482
23 years$7,901$6,169$4,764$3,645$2,767$1,277
24 years$7,492$5,780$4,406$3,325$2,487$1,101
25 years$7,116$5,424$4,081$3,036$2,238$949
26 years$6,769$5,098$3,785$2,776$2,016$820
27 years$6,449$4,798$3,515$2,541$1,817$708
28 years$6,151$4,521$3,267$2,328$1,640$612
29 years$5,875$4,265$3,041$2,135$1,481$529
30 years$5,618$4,028$2,832$1,959$1,338$457
31 years$5,378$3,807$2,640$1,800$1,210$395
32 years$5,153$3,603$2,464$1,654$1,094$342
33 years$4,943$3,412$2,300$1,521$990$296
34 years$4,745$3,234$2,149$1,399$897$256
35 years$4,559$3,067$2,009$1,288$812$222
36 years$4,384$2,911$1,880$1,186$736$192
37 years$4,218$2,765$1,759$1,093$667$166
38 years$4,062$2,628$1,648$1,008$605$144
39 years$3,914$2,499$1,544$929$548$125
40 years$3,773$2,377$1,447$857$497$108
41 years$3,640$2,263$1,357$791$451$94
42 years$3,514$2,155$1,273$730$409$81
43 years$3,394$2,053$1,194$673$372$70
44 years$3,279$1,957$1,121$622$337$61
45 years$3,170$1,866$1,052$574$306$53
46 years$3,066$1,780$989$530$278$46
47 years$2,967$1,699$929$490$252$40
48 years$2,872$1,622$873$453$229$34
49 years$2,782$1,549$820$419$208$30
50 years$2,695$1,480$771$387$189$26

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 $5,399 every year, while hoping to spend $34,264 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: 36/39/25 Blend
53$2,760,000$2,760,000$2,760,000$2,760,000
54$3,047,089$2,900,809$2,858,029$3,133,677
55$3,321,436$3,006,492$2,917,316$3,303,768
56$3,622,617$3,116,205$2,977,441$3,483,746
57$3,953,334$3,230,110$3,038,396$3,677,373
58$4,316,563$3,348,374$3,100,171$3,885,896
59$4,715,581$3,471,172$3,162,755$4,110,683
60$5,153,998$3,598,688$3,226,135$4,353,239
61$5,635,793$3,731,110$3,290,298$4,615,217
62$6,165,348$3,868,639$3,355,227$4,898,430
63$6,747,490$4,011,479$3,420,904$5,204,876
64$7,387,539$4,159,847$3,487,310$5,536,747
65$8,091,355$4,313,966$3,554,422$5,896,455
66$8,865,395$4,474,072$3,622,216$6,286,649
67$9,716,771$4,640,407$3,690,666$6,710,246
68$10,653,321$4,813,227$3,759,743$7,170,452
69$11,683,681$4,992,796$3,829,416$7,670,792
70$12,817,365$5,179,392$3,899,649$8,215,145
71$14,064,856$5,373,301$3,970,407$8,807,780
72$15,437,705$5,574,827$4,041,649$9,453,390
73$16,948,638$5,784,281$4,113,332$10,157,144
74$18,611,680$6,001,992$4,185,410$10,924,725
75$20,442,282$6,228,300$4,257,832$11,762,392
76$22,457,470$6,463,562$4,330,544$12,677,029
77$24,676,005$6,708,149$4,403,490$13,676,218
78$27,118,558$6,962,449$4,476,608$14,768,302
79$29,807,908$7,226,866$4,549,831$15,962,467
80$32,769,155$7,501,822$4,623,090$17,268,823
81$36,029,955$7,787,758$4,696,310$18,698,505
82$39,620,784$8,085,132$4,769,411$20,263,770
83$43,575,225$8,394,424$4,842,307$21,978,115
84$47,930,282$8,716,136$4,914,908$23,856,403
85$52,726,733$9,050,788$4,987,119$25,914,999
86$58,009,509$9,398,926$5,058,837$28,171,926
87$63,828,125$9,761,119$5,129,954$30,647,032
88$70,237,141$10,137,962$5,200,356$33,362,176
89$77,296,682$10,530,074$5,269,920$36,341,433
90$85,072,999$10,938,103$5,338,518$39,611,318
91$93,639,101$11,362,726$5,406,013$43,201,036
92$103,075,437$11,804,648$5,472,263$47,142,757
93$113,470,662$12,264,606$5,537,114$51,471,912
94$124,922,468$12,743,370$5,600,406$56,227,532
95$137,538,509$13,241,744$5,661,969$61,452,611
96$151,437,415$13,760,568$5,721,623$67,194,510
97$166,749,914$14,300,719$5,779,180$73,505,400
98$183,620,064$14,863,112$5,834,441$80,442,755
99$202,206,611$15,448,705$5,887,195$88,069,892
100$222,684,490$16,058,497$5,937,222$96,456,563