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%15.8%
1 years$229,570$227,525$225,530$223,583$221,681$216,410
2 years$113,648$111,532$109,481$107,492$105,562$100,283
3 years$75,013$72,887$70,841$68,871$66,973$61,850
4 years$55,699$53,580$51,554$49,618$47,766$42,838
5 years$44,114$42,007$40,008$38,111$36,311$31,593
6 years$36,393$34,302$32,333$30,478$28,732$24,228
7 years$30,880$28,807$26,869$25,057$23,366$19,078
8 years$26,747$24,693$22,787$21,020$19,385$15,309
9 years$23,534$21,500$19,626$17,904$16,325$12,459
10 years$20,966$18,951$17,110$15,434$13,909$10,250
11 years$18,866$16,871$15,064$13,432$11,963$8,503
12 years$17,117$15,142$13,369$11,782$10,367$7,102
13 years$15,638$13,684$11,944$10,401$9,040$5,964
14 years$14,372$12,439$10,732$9,233$7,924$5,031
15 years$13,275$11,363$9,689$8,234$6,977$4,259
16 years$12,316$10,425$8,785$7,373$6,166$3,616
17 years$11,472$9,601$7,994$6,625$5,468$3,078
18 years$10,721$8,872$7,297$5,970$4,862$2,626
19 years$10,051$8,222$6,680$5,395$4,333$2,244
20 years$9,448$7,641$6,131$4,886$3,870$1,921
21 years$8,904$7,117$5,639$4,434$3,464$1,646
22 years$8,409$6,643$5,197$4,032$3,105$1,412
23 years$7,959$6,213$4,799$3,672$2,787$1,213
24 years$7,546$5,822$4,438$3,349$2,505$1,042
25 years$7,167$5,463$4,111$3,058$2,254$896
26 years$6,818$5,135$3,812$2,796$2,030$771
27 years$6,495$4,832$3,540$2,560$1,831$664
28 years$6,196$4,553$3,291$2,345$1,652$572
29 years$5,918$4,296$3,063$2,151$1,491$493
30 years$5,659$4,057$2,853$1,974$1,348$425
31 years$5,417$3,835$2,659$1,813$1,218$366
32 years$5,191$3,629$2,481$1,666$1,102$316
33 years$4,979$3,436$2,317$1,532$997$272
34 years$4,779$3,257$2,165$1,409$903$235
35 years$4,592$3,089$2,024$1,298$818$203
36 years$4,415$2,932$1,893$1,195$741$175
37 years$4,249$2,785$1,772$1,101$672$151
38 years$4,091$2,647$1,659$1,015$609$130
39 years$3,942$2,517$1,555$936$552$112
40 years$3,801$2,394$1,457$863$501$97
41 years$3,667$2,279$1,366$796$454$84
42 years$3,539$2,171$1,282$735$412$72
43 years$3,418$2,068$1,203$678$374$62
44 years$3,303$1,971$1,129$626$340$54
45 years$3,193$1,880$1,060$578$308$47
46 years$3,088$1,793$996$534$280$40
47 years$2,989$1,711$935$494$254$35
48 years$2,893$1,634$879$456$231$30
49 years$2,802$1,560$826$422$210$26
50 years$2,714$1,490$777$390$190$22

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 $5,753 every year, while hoping to spend $22,636 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: 57/17/26 Blend
53$2,780,000$2,780,000$2,780,000$2,780,000
54$3,069,494$2,922,154$2,879,064$3,222,367
55$3,358,498$3,041,255$2,951,428$3,446,843
56$3,676,222$3,165,434$3,025,458$3,688,512
57$4,025,571$3,294,914$3,101,185$3,951,450
58$4,409,746$3,429,932$3,178,642$4,237,718
59$4,832,274$3,570,733$3,257,861$4,549,583
60$5,297,042$3,717,574$3,338,875$4,889,542
61$5,808,330$3,870,725$3,421,717$5,260,341
62$6,370,855$4,030,466$3,506,420$5,665,002
63$6,989,815$4,197,092$3,593,018$6,106,851
64$7,670,938$4,370,911$3,681,545$6,589,549
65$8,420,531$4,552,243$3,772,035$7,117,126
66$9,245,549$4,741,427$3,864,521$7,694,020
67$10,153,651$4,938,813$3,959,039$8,325,113
68$11,153,279$5,144,770$4,055,622$9,015,784
69$12,253,733$5,359,684$4,154,306$9,771,951
70$13,465,263$5,583,958$4,255,124$10,600,135
71$14,799,161$5,818,013$4,358,112$11,507,514
72$16,267,870$6,062,290$4,463,303$12,501,990
73$17,885,103$6,317,252$4,570,733$13,592,270
74$19,665,967$6,583,381$4,680,437$14,787,939
75$21,627,111$6,861,183$4,792,447$16,099,554
76$23,786,882$7,151,186$4,906,800$17,538,742
77$26,165,494$7,453,944$5,023,528$19,118,310
78$28,785,224$7,770,037$5,142,665$20,852,362
79$31,670,618$8,100,069$5,264,245$22,756,434
80$34,848,725$8,444,677$5,388,301$24,847,639
81$38,349,351$8,804,522$5,514,866$27,144,827
82$42,205,342$9,180,301$5,643,972$29,668,762
83$46,452,892$9,572,741$5,775,649$32,442,316
84$51,131,883$9,982,602$5,909,930$35,490,687
85$56,286,267$10,410,681$6,046,845$38,841,632
86$61,964,475$10,857,813$6,186,422$42,525,728
87$68,219,875$11,324,869$6,328,691$46,576,664
88$75,111,280$11,812,765$6,473,679$51,031,551
89$82,703,496$12,322,457$6,621,414$55,931,275
90$91,067,941$12,854,945$6,771,919$61,320,882
91$100,283,313$13,411,279$6,925,220$67,250,000
92$110,436,335$13,992,557$7,081,340$73,773,304
93$121,622,576$14,599,927$7,240,300$80,951,035
94$133,947,349$15,234,593$7,402,119$88,849,565
95$147,526,705$15,897,814$7,566,817$97,542,021
96$162,488,532$16,590,910$7,734,408$107,108,974
97$178,973,759$17,315,262$7,904,908$117,639,197
98$197,137,689$18,072,317$8,078,329$129,230,503
99$217,151,461$18,863,588$8,254,681$141,990,665
100$239,203,669$19,690,662$8,433,971$156,038,431