Can I retire at age 54 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$228,744$226,706$224,719$222,778$220,884$214,328
2 years$113,240$111,131$109,087$107,105$105,183$98,632
3 years$74,743$72,625$70,586$68,623$66,732$60,392
4 years$55,499$53,387$51,369$49,439$47,594$41,513
5 years$43,955$41,856$39,864$37,974$36,180$30,375
6 years$36,262$34,179$32,216$30,368$28,628$23,104
7 years$30,769$28,703$26,772$24,967$23,282$18,039
8 years$26,651$24,604$22,705$20,944$19,315$14,349
9 years$23,450$21,422$19,556$17,840$16,266$11,572
10 years$20,890$18,883$17,049$15,378$13,859$9,431
11 years$18,798$16,810$15,010$13,384$11,920$7,750
12 years$17,055$15,088$13,321$11,739$10,329$6,409
13 years$15,582$13,635$11,901$10,364$9,007$5,328
14 years$14,320$12,394$10,693$9,200$7,896$4,448
15 years$13,227$11,322$9,655$8,205$6,952$3,726
16 years$12,272$10,388$8,753$7,347$6,144$3,130
17 years$11,430$9,567$7,965$6,601$5,448$2,636
18 years$10,683$8,840$7,271$5,949$4,844$2,224
19 years$10,015$8,193$6,656$5,375$4,318$1,879
20 years$9,414$7,613$6,109$4,868$3,857$1,590
21 years$8,872$7,091$5,619$4,418$3,451$1,347
22 years$8,379$6,620$5,179$4,017$3,093$1,142
23 years$7,930$6,191$4,782$3,659$2,777$969
24 years$7,519$5,801$4,422$3,337$2,496$823
25 years$7,141$5,444$4,096$3,047$2,246$700
26 years$6,794$5,116$3,799$2,786$2,023$595
27 years$6,472$4,815$3,527$2,550$1,824$506
28 years$6,174$4,537$3,279$2,337$1,646$430
29 years$5,897$4,280$3,052$2,143$1,486$366
30 years$5,639$4,042$2,842$1,967$1,343$312
31 years$5,398$3,821$2,650$1,806$1,214$265
32 years$5,172$3,616$2,472$1,660$1,098$226
33 years$4,961$3,424$2,309$1,526$994$193
34 years$4,762$3,245$2,157$1,404$900$164
35 years$4,575$3,078$2,017$1,293$815$140
36 years$4,399$2,922$1,886$1,191$738$119
37 years$4,233$2,775$1,766$1,097$669$101
38 years$4,076$2,637$1,654$1,011$607$86
39 years$3,928$2,508$1,549$932$550$74
40 years$3,787$2,386$1,452$860$499$63
41 years$3,653$2,271$1,362$793$453$54
42 years$3,527$2,163$1,277$732$411$46
43 years$3,406$2,061$1,198$676$373$39
44 years$3,291$1,964$1,125$624$338$33
45 years$3,182$1,873$1,056$576$307$28
46 years$3,077$1,787$992$532$279$24
47 years$2,978$1,705$932$492$253$21
48 years$2,883$1,628$876$455$230$17
49 years$2,792$1,555$823$420$209$15
50 years$2,704$1,485$774$388$190$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,770,000, adding $2,848 every year, while hoping to spend $27,788 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: 38/39/23 Blend
53$2,770,000$2,770,000$2,770,000$2,770,000
54$3,055,478$2,908,668$2,865,733$3,150,483
55$3,337,570$3,021,626$2,932,169$3,332,748
56$3,647,505$3,139,188$2,999,899$3,526,793
57$3,988,092$3,261,550$3,068,937$3,735,951
58$4,362,428$3,388,917$3,139,297$3,961,605
59$4,773,925$3,521,503$3,210,992$4,205,275
60$5,226,339$3,659,531$3,284,035$4,468,628
61$5,723,813$3,803,235$3,358,437$4,753,498
62$6,270,907$3,952,858$3,434,210$5,061,896
63$6,872,647$4,108,656$3,511,363$5,396,035
64$7,534,571$4,270,894$3,589,908$5,758,345
65$8,262,780$4,439,851$3,669,853$6,151,496
66$9,063,997$4,615,817$3,751,206$6,578,424
67$9,945,628$4,799,095$3,833,975$7,042,357
68$10,915,834$4,990,002$3,918,165$7,546,843
69$11,983,607$5,188,870$4,003,781$8,095,786
70$13,158,855$5,396,045$4,090,828$8,693,476
71$14,452,495$5,611,889$4,179,308$9,344,634
72$15,876,557$5,836,779$4,269,222$10,054,452
73$17,444,296$6,071,111$4,360,571$10,828,643
74$19,170,316$6,315,297$4,453,352$11,673,492
75$21,070,711$6,569,770$4,547,562$12,595,913
76$23,163,215$6,834,980$4,643,197$13,603,516
77$25,467,368$7,111,399$4,740,249$14,704,676
78$28,004,702$7,399,519$4,838,710$15,908,608
79$30,798,943$7,699,858$4,938,568$17,225,458
80$33,876,236$8,012,952$5,039,812$18,666,390
81$37,265,391$8,339,366$5,142,424$20,243,696
82$40,998,154$8,679,687$5,246,389$21,970,906
83$45,109,507$9,034,534$5,351,684$23,862,918
84$49,637,999$9,404,548$5,458,287$25,936,131
85$54,626,108$9,790,403$5,566,173$28,208,604
86$60,120,642$10,192,804$5,675,310$30,700,218
87$66,173,182$10,612,486$5,785,668$33,432,869
88$72,840,570$11,050,221$5,897,211$36,430,665
89$80,185,439$11,506,813$6,009,898$39,720,155
90$88,276,811$11,983,104$6,123,688$43,330,577
91$97,190,745$12,479,976$6,238,531$47,294,131
92$107,011,057$12,998,350$6,354,377$51,646,280
93$117,830,106$13,539,191$6,471,170$56,426,083
94$129,749,672$14,103,506$6,588,850$61,676,559
95$142,881,912$14,692,351$6,707,349$67,445,091
96$157,350,420$15,306,829$6,826,598$73,783,870
97$173,291,394$15,948,095$6,946,521$80,750,385
98$190,854,921$16,617,357$7,067,034$88,407,960
99$210,206,394$17,315,879$7,188,051$96,826,353
100$231,528,072$18,044,982$7,309,476$106,082,405