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%15.3%
1 years$227,918$225,888$223,907$221,974$220,086$215,291
2 years$112,831$110,729$108,693$106,718$104,803$99,996
3 years$74,473$72,363$70,331$68,375$66,491$61,822
4 years$55,298$53,194$51,183$49,261$47,422$42,927
5 years$43,796$41,705$39,720$37,837$36,050$31,742
6 years$36,131$34,055$32,100$30,258$28,525$24,409
7 years$30,658$28,600$26,675$24,877$23,198$19,274
8 years$26,555$24,515$22,623$20,869$19,245$15,512
9 years$23,365$21,345$19,485$17,776$16,207$12,663
10 years$20,815$18,814$16,987$15,323$13,809$10,449
11 years$18,730$16,749$14,955$13,335$11,877$8,697
12 years$16,993$15,033$13,273$11,697$10,292$7,287
13 years$15,525$13,586$11,858$10,327$8,975$6,140
14 years$14,268$12,349$10,655$9,167$7,867$5,197
15 years$13,179$11,281$9,620$8,175$6,927$4,415
16 years$12,228$10,350$8,722$7,320$6,122$3,762
17 years$11,389$9,532$7,936$6,577$5,428$3,214
18 years$10,644$8,808$7,245$5,927$4,827$2,752
19 years$9,979$8,163$6,632$5,356$4,302$2,361
20 years$9,380$7,586$6,087$4,851$3,843$2,028
21 years$8,840$7,066$5,599$4,402$3,439$1,745
22 years$8,349$6,596$5,160$4,003$3,082$1,503
23 years$7,901$6,169$4,764$3,645$2,767$1,295
24 years$7,492$5,780$4,406$3,325$2,487$1,118
25 years$7,116$5,424$4,081$3,036$2,238$965
26 years$6,769$5,098$3,785$2,776$2,016$834
27 years$6,449$4,798$3,515$2,541$1,817$721
28 years$6,151$4,521$3,267$2,328$1,640$623
29 years$5,875$4,265$3,041$2,135$1,481$539
30 years$5,618$4,028$2,832$1,959$1,338$467
31 years$5,378$3,807$2,640$1,800$1,210$404
32 years$5,153$3,603$2,464$1,654$1,094$350
33 years$4,943$3,412$2,300$1,521$990$303
34 years$4,745$3,234$2,149$1,399$897$262
35 years$4,559$3,067$2,009$1,288$812$227
36 years$4,384$2,911$1,880$1,186$736$197
37 years$4,218$2,765$1,759$1,093$667$171
38 years$4,062$2,628$1,648$1,008$605$148
39 years$3,914$2,499$1,544$929$548$128
40 years$3,773$2,377$1,447$857$497$111
41 years$3,640$2,263$1,357$791$451$96
42 years$3,514$2,155$1,273$730$409$84
43 years$3,394$2,053$1,194$673$372$72
44 years$3,279$1,957$1,121$622$337$63
45 years$3,170$1,866$1,052$574$306$54
46 years$3,066$1,780$989$530$278$47
47 years$2,967$1,699$929$490$252$41
48 years$2,872$1,622$873$453$229$36
49 years$2,782$1,549$820$419$208$31
50 years$2,695$1,480$771$387$189$27

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 $2,361 every year, while hoping to spend $52,417 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: 69/6/25 Blend
53$2,760,000$2,760,000$2,760,000$2,760,000
54$3,043,955$2,897,675$2,854,895$3,234,377
55$3,298,668$2,983,890$2,894,763$3,448,538
56$3,577,604$3,072,573$2,934,210$3,676,552
57$3,883,179$3,163,789$2,973,165$3,924,860
58$4,218,054$3,257,605$3,011,557$4,195,469
59$4,585,158$3,354,090$3,049,307$4,490,591
60$4,987,717$3,453,314$3,086,332$4,812,664
61$5,429,287$3,555,348$3,122,546$5,164,371
62$5,913,780$3,660,267$3,157,858$5,548,670
63$6,445,509$3,768,143$3,192,169$5,968,819
64$7,029,223$3,879,054$3,225,379$6,428,408
65$7,670,153$3,993,077$3,257,378$6,931,393
66$8,374,062$4,110,291$3,288,054$7,482,131
67$9,147,299$4,230,778$3,317,287$8,085,423
68$9,996,857$4,354,620$3,344,950$8,746,560
69$10,930,441$4,481,901$3,370,910$9,471,372
70$11,956,539$4,612,707$3,395,028$10,266,282
71$13,084,501$4,747,125$3,417,157$11,138,369
72$14,324,630$4,885,244$3,437,141$12,095,430
73$15,688,275$5,027,154$3,454,818$13,146,061
74$17,187,942$5,172,947$3,470,018$14,299,732
75$18,837,409$5,322,718$3,482,559$15,566,879
76$20,651,854$5,476,560$3,492,255$16,959,001
77$22,648,002$5,634,571$3,498,905$18,488,772
78$24,844,283$5,796,849$3,502,302$20,170,155
79$27,260,999$5,963,494$3,502,228$22,018,540
80$29,920,521$6,134,606$3,498,454$24,050,884
81$32,847,500$6,310,288$3,490,738$26,285,876
82$36,069,097$6,490,643$3,478,829$28,744,110
83$39,615,237$6,675,777$3,462,463$31,448,279
84$43,518,897$6,865,796$3,441,361$34,423,394
85$47,816,413$7,060,808$3,415,234$37,697,015
86$52,547,820$7,260,921$3,383,778$41,299,514
87$57,757,236$7,466,244$3,346,673$45,264,361
88$63,493,272$7,676,889$3,303,585$49,628,441
89$69,809,496$7,892,966$3,254,165$54,432,401
90$76,764,932$8,114,589$3,198,046$59,721,037
91$84,424,620$8,341,869$3,134,846$65,543,711
92$92,860,231$8,574,920$3,064,163$71,954,825
93$102,150,740$8,813,857$2,985,578$79,014,329
94$112,383,172$9,058,792$2,898,651$86,788,288
95$123,653,423$9,309,840$2,802,924$95,349,510
96$136,067,166$9,567,116$2,697,915$104,778,229
97$149,740,844$9,830,732$2,583,123$115,162,866
98$164,802,775$10,100,803$2,458,023$126,600,860
99$181,394,357$10,377,441$2,322,065$139,199,595
100$199,671,403$10,660,758$2,174,676$153,077,408