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%14.7%
1 years$229,570$227,525$225,530$223,583$221,681$217,383
2 years$113,648$111,532$109,481$107,492$105,562$101,250
3 years$75,013$72,887$70,841$68,871$66,973$62,780
4 years$55,699$53,580$51,554$49,618$47,766$43,725
5 years$44,114$42,007$40,008$38,111$36,311$32,433
6 years$36,393$34,302$32,333$30,478$28,732$25,022
7 years$30,880$28,807$26,869$25,057$23,366$19,826
8 years$26,747$24,693$22,787$21,020$19,385$16,012
9 years$23,534$21,500$19,626$17,904$16,325$13,117
10 years$20,966$18,951$17,110$15,434$13,909$10,865
11 years$18,866$16,871$15,064$13,432$11,963$9,077
12 years$17,117$15,142$13,369$11,782$10,367$7,635
13 years$15,638$13,684$11,944$10,401$9,040$6,459
14 years$14,372$12,439$10,732$9,233$7,924$5,489
15 years$13,275$11,363$9,689$8,234$6,977$4,683
16 years$12,316$10,425$8,785$7,373$6,166$4,007
17 years$11,472$9,601$7,994$6,625$5,468$3,438
18 years$10,721$8,872$7,297$5,970$4,862$2,957
19 years$10,051$8,222$6,680$5,395$4,333$2,548
20 years$9,448$7,641$6,131$4,886$3,870$2,199
21 years$8,904$7,117$5,639$4,434$3,464$1,900
22 years$8,409$6,643$5,197$4,032$3,105$1,644
23 years$7,959$6,213$4,799$3,672$2,787$1,424
24 years$7,546$5,822$4,438$3,349$2,505$1,234
25 years$7,167$5,463$4,111$3,058$2,254$1,071
26 years$6,818$5,135$3,812$2,796$2,030$930
27 years$6,495$4,832$3,540$2,560$1,831$808
28 years$6,196$4,553$3,291$2,345$1,652$702
29 years$5,918$4,296$3,063$2,151$1,491$610
30 years$5,659$4,057$2,853$1,974$1,348$531
31 years$5,417$3,835$2,659$1,813$1,218$462
32 years$5,191$3,629$2,481$1,666$1,102$402
33 years$4,979$3,436$2,317$1,532$997$350
34 years$4,779$3,257$2,165$1,409$903$304
35 years$4,592$3,089$2,024$1,298$818$265
36 years$4,415$2,932$1,893$1,195$741$231
37 years$4,249$2,785$1,772$1,101$672$201
38 years$4,091$2,647$1,659$1,015$609$175
39 years$3,942$2,517$1,555$936$552$153
40 years$3,801$2,394$1,457$863$501$133
41 years$3,667$2,279$1,366$796$454$116
42 years$3,539$2,171$1,282$735$412$101
43 years$3,418$2,068$1,203$678$374$88
44 years$3,303$1,971$1,129$626$340$77
45 years$3,193$1,880$1,060$578$308$67
46 years$3,088$1,793$996$534$280$58
47 years$2,989$1,711$935$494$254$51
48 years$2,893$1,634$879$456$231$44
49 years$2,802$1,560$826$422$210$39
50 years$2,714$1,490$777$390$190$34

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 $3,338 every year, while hoping to spend $43,214 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: 30/46/24 Blend
53$2,780,000$2,780,000$2,780,000$2,780,000
54$3,067,003$2,919,663$2,876,573$3,136,100
55$3,333,858$3,016,747$2,926,959$3,286,691
56$3,626,484$3,117,140$2,977,584$3,444,522
57$3,947,464$3,220,958$3,028,412$3,613,433
58$4,299,642$3,328,323$3,079,401$3,794,412
59$4,686,153$3,439,358$3,130,509$3,988,546
60$5,110,449$3,554,195$3,181,689$4,197,027
61$5,576,332$3,672,967$3,232,892$4,421,164
62$6,087,990$3,795,815$3,284,066$4,662,397
63$6,650,037$3,922,882$3,335,155$4,922,307
64$7,267,558$4,054,320$3,386,099$5,202,633
65$7,946,150$4,190,283$3,436,835$5,505,285
66$8,691,984$4,330,934$3,487,296$5,832,364
67$9,511,856$4,476,439$3,537,410$6,186,181
68$10,413,254$4,626,973$3,587,101$6,569,276
69$11,404,426$4,782,715$3,636,290$6,984,443
70$12,494,463$4,943,853$3,684,890$7,434,756
71$13,693,376$5,110,580$3,732,813$7,923,597
72$15,012,200$5,283,098$3,779,961$8,454,687
73$16,463,090$5,461,616$3,826,236$9,032,121
74$18,059,440$5,646,350$3,871,529$9,660,406
75$19,816,007$5,837,525$3,915,729$10,344,499
76$21,749,050$6,035,374$3,958,717$11,089,861
77$23,876,485$6,240,140$4,000,366$11,902,499
78$26,218,054$6,452,074$4,040,545$12,789,030
79$28,795,507$6,671,436$4,079,115$13,756,735
80$31,632,811$6,898,499$4,115,928$14,813,632
81$34,756,375$7,133,543$4,150,829$15,968,550
82$38,195,299$7,376,861$4,183,656$17,231,209
83$41,981,647$7,628,754$4,214,236$18,612,314
84$46,150,751$7,889,539$4,242,388$20,123,654
85$50,741,544$8,159,543$4,267,924$21,778,209
86$55,796,925$8,439,103$4,290,643$23,590,277
87$61,364,166$8,728,575$4,310,335$25,575,604
88$67,495,359$9,028,323$4,326,779$27,751,535
89$74,247,903$9,338,728$4,339,743$30,137,171
90$81,685,049$9,660,186$4,348,985$32,753,554
91$89,876,495$9,993,106$4,354,247$35,623,862
92$98,899,046$10,337,916$4,355,262$38,773,624
93$108,837,334$10,695,059$4,351,749$42,230,965
94$119,784,620$11,064,996$4,343,411$46,026,867
95$131,843,675$11,448,204$4,329,939$50,195,460
96$145,127,746$11,845,182$4,311,008$54,774,342
97$159,761,627$12,256,447$4,286,277$59,804,936
98$175,882,835$12,682,535$4,255,390$65,332,877
99$193,642,910$13,124,006$4,217,972$71,408,440
100$213,208,844$13,581,439$4,173,631$78,087,016