Can I retire at age 54 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$229,570$227,525$225,530$223,583$221,681$213,307
2 years$113,648$111,532$109,481$107,492$105,562$97,223
3 years$75,013$72,887$70,841$68,871$66,973$58,931
4 years$55,699$53,580$51,554$49,618$47,766$40,081
5 years$44,114$42,007$40,008$38,111$36,311$29,004
6 years$36,393$34,302$32,333$30,478$28,732$21,808
7 years$30,880$28,807$26,869$25,057$23,366$16,824
8 years$26,747$24,693$22,787$21,020$19,385$13,218
9 years$23,534$21,500$19,626$17,904$16,325$10,524
10 years$20,966$18,951$17,110$15,434$13,909$8,464
11 years$18,866$16,871$15,064$13,432$11,963$6,861
12 years$17,117$15,142$13,369$11,782$10,367$5,595
13 years$15,638$13,684$11,944$10,401$9,040$4,586
14 years$14,372$12,439$10,732$9,233$7,924$3,773
15 years$13,275$11,363$9,689$8,234$6,977$3,113
16 years$12,316$10,425$8,785$7,373$6,166$2,576
17 years$11,472$9,601$7,994$6,625$5,468$2,136
18 years$10,721$8,872$7,297$5,970$4,862$1,774
19 years$10,051$8,222$6,680$5,395$4,333$1,476
20 years$9,448$7,641$6,131$4,886$3,870$1,229
21 years$8,904$7,117$5,639$4,434$3,464$1,024
22 years$8,409$6,643$5,197$4,032$3,105$854
23 years$7,959$6,213$4,799$3,672$2,787$713
24 years$7,546$5,822$4,438$3,349$2,505$596
25 years$7,167$5,463$4,111$3,058$2,254$498
26 years$6,818$5,135$3,812$2,796$2,030$416
27 years$6,495$4,832$3,540$2,560$1,831$348
28 years$6,196$4,553$3,291$2,345$1,652$291
29 years$5,918$4,296$3,063$2,151$1,491$243
30 years$5,659$4,057$2,853$1,974$1,348$204
31 years$5,417$3,835$2,659$1,813$1,218$170
32 years$5,191$3,629$2,481$1,666$1,102$143
33 years$4,979$3,436$2,317$1,532$997$119
34 years$4,779$3,257$2,165$1,409$903$100
35 years$4,592$3,089$2,024$1,298$818$84
36 years$4,415$2,932$1,893$1,195$741$70
37 years$4,249$2,785$1,772$1,101$672$59
38 years$4,091$2,647$1,659$1,015$609$49
39 years$3,942$2,517$1,555$936$552$41
40 years$3,801$2,394$1,457$863$501$34
41 years$3,667$2,279$1,366$796$454$29
42 years$3,539$2,171$1,282$735$412$24
43 years$3,418$2,068$1,203$678$374$20
44 years$3,303$1,971$1,129$626$340$17
45 years$3,193$1,880$1,060$578$308$14
46 years$3,088$1,793$996$534$280$12
47 years$2,989$1,711$935$494$254$10
48 years$2,893$1,634$879$456$231$8
49 years$2,802$1,560$826$422$210$7
50 years$2,714$1,490$777$390$190$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,780,000, adding $3,013 every year, while hoping to spend $26,833 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: 53/41/6 Blend
53$2,780,000$2,780,000$2,780,000$2,780,000
54$3,066,668$2,919,328$2,876,238$3,224,811
55$3,350,918$3,033,825$2,944,042$3,446,689
56$3,663,262$3,153,033$3,013,218$3,684,745
57$4,006,538$3,277,154$3,083,783$3,943,069
58$4,383,871$3,406,401$3,155,756$4,223,577
59$4,798,704$3,540,994$3,229,153$4,528,379
60$5,254,833$3,681,163$3,303,991$4,859,789
61$5,756,437$3,827,151$3,380,285$5,220,354
62$6,308,121$3,979,209$3,458,052$5,612,874
63$6,914,959$4,137,600$3,537,307$6,040,427
64$7,582,543$4,302,600$3,618,064$6,506,396
65$8,317,031$4,474,496$3,700,338$7,014,504
66$9,125,210$4,653,589$3,784,141$7,568,845
67$10,014,559$4,840,192$3,869,487$8,173,923
68$10,993,316$5,034,634$3,956,388$8,834,692
69$12,070,561$5,237,257$4,044,853$9,556,602
70$13,256,297$5,448,421$4,134,894$10,345,651
71$14,561,545$5,668,500$4,226,519$11,208,439
72$15,998,452$5,897,885$4,319,737$12,152,228
73$17,580,399$6,136,987$4,414,553$13,185,011
74$19,322,134$6,386,233$4,510,974$14,315,586
75$21,239,904$6,646,071$4,609,005$15,553,634
76$23,351,614$6,916,969$4,708,647$16,909,816
77$25,676,994$7,199,416$4,809,901$18,395,866
78$28,237,783$7,493,923$4,912,769$20,024,699
79$31,057,938$7,801,026$5,017,248$21,810,539
80$34,163,855$8,121,284$5,123,333$23,769,043
81$37,584,623$8,455,282$5,231,020$25,917,453
82$41,352,295$8,803,631$5,340,299$28,274,751
83$45,502,192$9,166,972$5,451,162$30,861,842
84$50,073,236$9,545,973$5,563,596$33,701,745
85$55,108,315$9,941,335$5,677,585$36,819,811
86$60,654,692$10,353,789$5,793,113$40,243,958
87$66,764,447$10,784,101$5,910,159$44,004,932
88$73,494,970$11,233,072$6,028,699$48,136,595
89$80,909,505$11,701,540$6,148,708$52,676,244
90$89,077,741$12,190,382$6,270,156$57,664,957
91$98,076,473$12,700,514$6,393,010$63,147,981
92$107,990,330$13,232,896$6,517,232$69,175,152
93$118,912,567$13,788,531$6,642,783$75,801,368
94$130,945,950$14,368,470$6,769,617$83,087,099
95$144,203,724$14,973,811$6,897,686$91,098,957
96$158,810,680$15,605,705$7,026,935$99,910,319
97$174,904,339$16,265,354$7,157,307$109,602,018
98$192,636,243$16,954,017$7,288,738$120,263,103
99$212,173,388$17,673,012$7,421,159$131,991,672
100$233,699,802$18,423,718$7,554,496$144,895,797