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%15.1%
1 years$229,570$227,525$225,530$223,583$221,681$217,028
2 years$113,648$111,532$109,481$107,492$105,562$100,896
3 years$75,013$72,887$70,841$68,871$66,973$62,440
4 years$55,699$53,580$51,554$49,618$47,766$43,400
5 years$44,114$42,007$40,008$38,111$36,311$32,125
6 years$36,393$34,302$32,333$30,478$28,732$24,730
7 years$30,880$28,807$26,869$25,057$23,366$19,550
8 years$26,747$24,693$22,787$21,020$19,385$15,753
9 years$23,534$21,500$19,626$17,904$16,325$12,874
10 years$20,966$18,951$17,110$15,434$13,909$10,637
11 years$18,866$16,871$15,064$13,432$11,963$8,864
12 years$17,117$15,142$13,369$11,782$10,367$7,437
13 years$15,638$13,684$11,944$10,401$9,040$6,275
14 years$14,372$12,439$10,732$9,233$7,924$5,318
15 years$13,275$11,363$9,689$8,234$6,977$4,524
16 years$12,316$10,425$8,785$7,373$6,166$3,861
17 years$11,472$9,601$7,994$6,625$5,468$3,303
18 years$10,721$8,872$7,297$5,970$4,862$2,832
19 years$10,051$8,222$6,680$5,395$4,333$2,433
20 years$9,448$7,641$6,131$4,886$3,870$2,094
21 years$8,904$7,117$5,639$4,434$3,464$1,804
22 years$8,409$6,643$5,197$4,032$3,105$1,556
23 years$7,959$6,213$4,799$3,672$2,787$1,343
24 years$7,546$5,822$4,438$3,349$2,505$1,161
25 years$7,167$5,463$4,111$3,058$2,254$1,004
26 years$6,818$5,135$3,812$2,796$2,030$869
27 years$6,495$4,832$3,540$2,560$1,831$752
28 years$6,196$4,553$3,291$2,345$1,652$652
29 years$5,918$4,296$3,063$2,151$1,491$565
30 years$5,659$4,057$2,853$1,974$1,348$489
31 years$5,417$3,835$2,659$1,813$1,218$424
32 years$5,191$3,629$2,481$1,666$1,102$368
33 years$4,979$3,436$2,317$1,532$997$319
34 years$4,779$3,257$2,165$1,409$903$277
35 years$4,592$3,089$2,024$1,298$818$240
36 years$4,415$2,932$1,893$1,195$741$209
37 years$4,249$2,785$1,772$1,101$672$181
38 years$4,091$2,647$1,659$1,015$609$157
39 years$3,942$2,517$1,555$936$552$137
40 years$3,801$2,394$1,457$863$501$119
41 years$3,667$2,279$1,366$796$454$103
42 years$3,539$2,171$1,282$735$412$89
43 years$3,418$2,068$1,203$678$374$78
44 years$3,303$1,971$1,129$626$340$67
45 years$3,193$1,880$1,060$578$308$59
46 years$3,088$1,793$996$534$280$51
47 years$2,989$1,711$935$494$254$44
48 years$2,893$1,634$879$456$231$38
49 years$2,802$1,560$826$422$210$33
50 years$2,714$1,490$777$390$190$29

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 $3,865 every year, while hoping to spend $30,683 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: 46/30/24 Blend
53$2,780,000$2,780,000$2,780,000$2,780,000
54$3,067,547$2,920,207$2,877,117$3,187,352
55$3,347,790$3,030,650$2,940,854$3,382,531
56$3,655,590$3,145,477$3,005,697$3,590,852
57$3,993,724$3,264,870$3,071,653$3,816,266
58$4,365,254$3,389,019$3,138,723$4,060,384
59$4,773,552$3,518,123$3,206,912$4,324,979
60$5,222,332$3,652,388$3,276,221$4,612,000
61$5,715,686$3,792,032$3,346,651$4,923,591
62$6,258,124$3,937,279$3,418,202$5,262,106
63$6,854,613$4,088,366$3,490,872$5,630,139
64$7,510,625$4,245,538$3,564,658$6,030,541
65$8,232,192$4,409,052$3,639,557$6,466,448
66$9,025,956$4,579,176$3,715,562$6,941,311
67$9,899,237$4,756,190$3,792,668$7,458,927
68$10,860,102$4,940,385$3,870,864$8,023,474
69$11,917,435$5,132,067$3,950,141$8,639,551
70$13,081,029$5,331,553$4,030,486$9,312,218
71$14,361,671$5,539,177$4,111,885$10,047,045
72$15,771,251$5,755,286$4,194,322$10,850,163
73$17,322,865$5,980,241$4,277,778$11,728,323
74$19,030,946$6,214,422$4,362,233$12,688,954
75$20,911,398$6,458,224$4,447,663$13,740,236
76$22,981,744$6,712,061$4,534,043$14,891,177
77$25,261,293$6,976,363$4,621,345$16,151,694
78$27,771,321$7,251,581$4,709,536$17,532,705
79$30,535,273$7,538,186$4,798,583$19,046,236
80$33,578,984$7,836,670$4,888,449$20,705,528
81$36,930,921$8,147,547$4,979,092$22,525,163
82$40,622,451$8,471,353$5,070,468$24,521,201
83$44,688,142$8,808,650$5,162,530$26,711,329
84$49,166,083$9,160,024$5,255,224$29,115,026
85$54,098,246$9,526,088$5,348,497$31,753,750
86$59,530,881$9,907,481$5,442,286$34,651,131
87$65,514,957$10,304,873$5,536,528$37,833,201
88$72,106,633$10,718,962$5,631,153$41,328,631
89$79,367,799$11,150,481$5,726,085$45,169,007
90$87,366,651$11,600,191$5,821,246$49,389,119
91$96,178,342$12,068,893$5,916,550$54,027,293
92$105,885,684$12,557,420$6,011,906$59,125,749
93$116,579,936$13,066,646$6,107,217$64,730,999
94$128,361,659$13,597,481$6,202,379$70,894,281
95$141,341,672$14,150,881$6,297,281$77,672,043
96$155,642,089$14,727,841$6,391,808$85,126,474
97$171,397,482$15,329,405$6,485,833$93,326,088
98$188,756,142$15,956,663$6,579,225$102,346,366
99$207,881,483$16,610,753$6,671,843$112,270,471
100$228,953,583$17,292,869$6,763,539$123,190,026