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%12.1%
1 years$228,744$226,706$224,719$222,778$220,884$218,942
2 years$113,240$111,131$109,087$107,105$105,183$103,226
3 years$74,743$72,625$70,586$68,623$66,732$64,821
4 years$55,499$53,387$51,369$49,439$47,594$45,743
5 years$43,955$41,856$39,864$37,974$36,180$34,395
6 years$36,262$34,179$32,216$30,368$28,628$26,911
7 years$30,769$28,703$26,772$24,967$23,282$21,634
8 years$26,651$24,604$22,705$20,944$19,315$17,736
9 years$23,450$21,422$19,556$17,840$16,266$14,755
10 years$20,890$18,883$17,049$15,378$13,859$12,416
11 years$18,798$16,810$15,010$13,384$11,920$10,543
12 years$17,055$15,088$13,321$11,739$10,329$9,017
13 years$15,582$13,635$11,901$10,364$9,007$7,759
14 years$14,320$12,394$10,693$9,200$7,896$6,709
15 years$13,227$11,322$9,655$8,205$6,952$5,826
16 years$12,272$10,388$8,753$7,347$6,144$5,076
17 years$11,430$9,567$7,965$6,601$5,448$4,437
18 years$10,683$8,840$7,271$5,949$4,844$3,888
19 years$10,015$8,193$6,656$5,375$4,318$3,414
20 years$9,414$7,613$6,109$4,868$3,857$3,004
21 years$8,872$7,091$5,619$4,418$3,451$2,647
22 years$8,379$6,620$5,179$4,017$3,093$2,336
23 years$7,930$6,191$4,782$3,659$2,777$2,064
24 years$7,519$5,801$4,422$3,337$2,496$1,826
25 years$7,141$5,444$4,096$3,047$2,246$1,617
26 years$6,794$5,116$3,799$2,786$2,023$1,433
27 years$6,472$4,815$3,527$2,550$1,824$1,271
28 years$6,174$4,537$3,279$2,337$1,646$1,128
29 years$5,897$4,280$3,052$2,143$1,486$1,002
30 years$5,639$4,042$2,842$1,967$1,343$890
31 years$5,398$3,821$2,650$1,806$1,214$791
32 years$5,172$3,616$2,472$1,660$1,098$703
33 years$4,961$3,424$2,309$1,526$994$626
34 years$4,762$3,245$2,157$1,404$900$557
35 years$4,575$3,078$2,017$1,293$815$495
36 years$4,399$2,922$1,886$1,191$738$441
37 years$4,233$2,775$1,766$1,097$669$393
38 years$4,076$2,637$1,654$1,011$607$350
39 years$3,928$2,508$1,549$932$550$312
40 years$3,787$2,386$1,452$860$499$278
41 years$3,653$2,271$1,362$793$453$247
42 years$3,527$2,163$1,277$732$411$220
43 years$3,406$2,061$1,198$676$373$196
44 years$3,291$1,964$1,125$624$338$175
45 years$3,182$1,873$1,056$576$307$156
46 years$3,077$1,787$992$532$279$139
47 years$2,978$1,705$932$492$253$124
48 years$2,883$1,628$876$455$230$111
49 years$2,792$1,555$823$420$209$99
50 years$2,704$1,485$774$388$190$88

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 $6,758 every year, while hoping to spend $37,010 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: 45/38/17 Blend
53$2,770,000$2,770,000$2,770,000$2,770,000
54$3,059,511$2,912,701$2,869,766$3,181,986
55$3,332,203$3,016,045$2,926,525$3,371,636
56$3,631,469$3,123,212$2,983,944$3,572,936
57$3,959,980$3,234,351$3,042,008$3,790,439
58$4,320,680$3,349,617$3,100,698$4,025,661
59$4,716,810$3,469,168$3,159,992$4,280,271
60$5,151,941$3,593,174$3,219,868$4,556,102
61$5,630,007$3,721,807$3,280,301$4,855,170
62$6,155,341$3,855,250$3,341,265$5,179,692
63$6,732,718$3,993,689$3,402,730$5,532,106
64$7,367,398$4,137,323$3,464,664$5,915,092
65$8,065,176$4,286,355$3,527,033$6,331,600
66$8,832,436$4,440,998$3,589,800$6,784,874
67$9,676,211$4,601,473$3,652,926$7,278,485
68$10,604,252$4,768,013$3,716,366$7,816,358
69$11,625,096$4,940,856$3,780,075$8,402,818
70$12,748,152$5,120,254$3,844,003$9,042,619
71$13,983,784$5,306,467$3,908,098$9,740,997
72$15,343,413$5,499,767$3,972,302$10,503,714
73$16,839,623$5,700,438$4,036,556$11,337,112
74$18,486,278$5,908,773$4,100,795$12,248,174
75$20,298,657$6,125,081$4,164,949$13,244,586
76$22,293,591$6,349,681$4,228,947$14,334,810
77$24,489,630$6,582,908$4,292,709$15,528,164
78$26,907,210$6,825,109$4,356,152$16,834,907
79$29,568,852$7,076,646$4,419,190$18,266,336
80$32,499,371$7,337,897$4,481,729$19,834,891
81$35,726,109$7,609,256$4,543,669$21,554,272
82$39,279,196$7,891,134$4,604,906$23,439,564
83$43,191,832$8,183,957$4,665,329$25,507,383
84$47,500,601$8,488,174$4,724,819$27,776,028
85$52,245,816$8,804,247$4,783,254$30,265,654
86$57,471,897$9,132,663$4,840,501$32,998,459
87$63,227,794$9,473,927$4,896,421$35,998,896
88$69,567,446$9,828,567$4,950,869$39,293,897
89$76,550,291$10,197,132$5,003,688$42,913,130
90$84,241,826$10,580,197$5,054,716$46,889,274
91$92,714,224$10,978,358$5,103,781$51,258,330
92$102,047,018$11,392,241$5,150,702$56,059,955
93$112,327,850$11,822,497$5,195,286$61,337,835
94$123,653,296$12,269,804$5,237,333$67,140,100
95$136,129,779$12,734,872$5,276,631$73,519,770
96$149,874,575$13,218,439$5,312,956$80,535,257
97$165,016,916$13,721,277$5,346,075$88,250,914
98$181,699,212$14,244,191$5,375,739$96,737,641
99$200,078,396$14,788,020$5,401,691$106,073,550
100$220,327,401$15,353,642$5,423,656$116,344,700