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

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$227,918$225,888$223,907$221,974$220,086$215,643
2 years$112,831$110,729$108,693$106,718$104,803$100,346
3 years$74,473$72,363$70,331$68,375$66,491$62,159
4 years$55,298$53,194$51,183$49,261$47,422$43,249
5 years$43,796$41,705$39,720$37,837$36,050$32,047
6 years$36,131$34,055$32,100$30,258$28,525$24,697
7 years$30,658$28,600$26,675$24,877$23,198$19,546
8 years$26,555$24,515$22,623$20,869$19,245$15,767
9 years$23,365$21,345$19,485$17,776$16,207$12,902
10 years$20,815$18,814$16,987$15,323$13,809$10,673
11 years$18,730$16,749$14,955$13,335$11,877$8,905
12 years$16,993$15,033$13,273$11,697$10,292$7,482
13 years$15,525$13,586$11,858$10,327$8,975$6,320
14 years$14,268$12,349$10,655$9,167$7,867$5,364
15 years$13,179$11,281$9,620$8,175$6,927$4,569
16 years$12,228$10,350$8,722$7,320$6,122$3,905
17 years$11,389$9,532$7,936$6,577$5,428$3,346
18 years$10,644$8,808$7,245$5,927$4,827$2,873
19 years$9,979$8,163$6,632$5,356$4,302$2,472
20 years$9,380$7,586$6,087$4,851$3,843$2,130
21 years$8,840$7,066$5,599$4,402$3,439$1,838
22 years$8,349$6,596$5,160$4,003$3,082$1,588
23 years$7,901$6,169$4,764$3,645$2,767$1,373
24 years$7,492$5,780$4,406$3,325$2,487$1,189
25 years$7,116$5,424$4,081$3,036$2,238$1,029
26 years$6,769$5,098$3,785$2,776$2,016$892
27 years$6,449$4,798$3,515$2,541$1,817$774
28 years$6,151$4,521$3,267$2,328$1,640$671
29 years$5,875$4,265$3,041$2,135$1,481$583
30 years$5,618$4,028$2,832$1,959$1,338$506
31 years$5,378$3,807$2,640$1,800$1,210$439
32 years$5,153$3,603$2,464$1,654$1,094$382
33 years$4,943$3,412$2,300$1,521$990$332
34 years$4,745$3,234$2,149$1,399$897$288
35 years$4,559$3,067$2,009$1,288$812$251
36 years$4,384$2,911$1,880$1,186$736$218
37 years$4,218$2,765$1,759$1,093$667$190
38 years$4,062$2,628$1,648$1,008$605$165
39 years$3,914$2,499$1,544$929$548$143
40 years$3,773$2,377$1,447$857$497$125
41 years$3,640$2,263$1,357$791$451$108
42 years$3,514$2,155$1,273$730$409$94
43 years$3,394$2,053$1,194$673$372$82
44 years$3,279$1,957$1,121$622$337$71
45 years$3,170$1,866$1,052$574$306$62
46 years$3,066$1,780$989$530$278$54
47 years$2,967$1,699$929$490$252$47
48 years$2,872$1,622$873$453$229$41
49 years$2,782$1,549$820$419$208$36
50 years$2,695$1,480$771$387$189$31

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 $2,949 every year, while hoping to spend $34,280 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: 56/28/16 Blend
53$2,760,000$2,760,000$2,760,000$2,760,000
54$3,044,562$2,898,282$2,855,502$3,202,097
55$3,318,634$3,003,824$2,914,688$3,415,030
56$3,619,512$3,113,389$2,974,707$3,642,902
57$3,949,894$3,227,137$3,035,552$3,890,349
58$4,312,753$3,345,237$3,097,213$4,159,255
59$4,711,363$3,467,862$3,159,678$4,451,688
60$5,149,330$3,595,196$3,222,936$4,769,926
61$5,630,628$3,727,427$3,286,971$5,116,475
62$6,159,635$3,864,754$3,351,767$5,494,091
63$6,741,173$4,007,382$3,417,307$5,905,809
64$7,380,556$4,155,526$3,483,569$6,354,967
65$8,083,636$4,309,411$3,550,533$6,845,240
66$8,856,864$4,469,269$3,618,173$7,380,672
67$9,707,346$4,635,345$3,686,463$7,965,717
68$10,642,909$4,807,891$3,755,373$8,605,274
69$11,672,181$4,987,172$3,824,873$9,304,740
70$12,804,665$5,173,465$3,894,928$10,070,056
71$14,050,832$5,367,057$3,965,499$10,907,761
72$15,422,222$5,568,247$4,036,548$11,825,059
73$16,931,546$5,777,349$4,108,031$12,829,880
74$18,592,814$5,994,689$4,179,900$13,930,956
75$20,421,460$6,220,608$4,252,105$15,137,905
76$22,434,492$6,455,461$4,324,594$16,461,317
77$24,650,649$6,699,617$4,397,307$17,912,857
78$27,090,581$6,953,464$4,470,182$19,505,372
79$29,777,042$7,217,405$4,543,155$21,253,011
80$32,735,103$7,491,861$4,616,153$23,171,358
81$35,992,391$7,777,270$4,689,102$25,277,579
82$39,579,350$8,074,091$4,761,922$27,590,583
83$43,529,524$8,382,802$4,834,527$30,131,197
84$47,879,878$8,703,902$4,906,826$32,922,365
85$52,671,143$9,037,911$4,978,723$35,989,360
86$57,948,205$9,385,374$5,050,115$39,360,024
87$63,760,522$9,746,857$5,120,894$43,065,029
88$70,162,596$10,122,954$5,190,944$47,138,164
89$77,214,484$10,514,282$5,260,144$51,616,652
90$84,982,366$10,921,487$5,328,364$56,541,505
91$93,539,171$11,345,243$5,395,468$61,957,901
92$102,965,261$11,786,255$5,461,311$67,915,619
93$113,349,193$12,245,256$5,525,739$74,469,498
94$124,788,552$12,723,015$5,588,593$81,679,961
95$137,390,874$13,220,333$5,649,701$89,613,577
96$151,274,661$13,738,047$5,708,884$98,343,692
97$166,570,497$14,277,032$5,765,952$107,951,117
98$183,422,281$14,838,200$5,820,705$118,524,893
99$201,988,588$15,422,505$5,872,932$130,163,122
100$222,444,160$16,030,945$5,922,412$142,973,901