Can I retire at age 54 with 2,790,000?

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 $2,790,000?

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$230,396$228,343$226,341$224,387$222,479$218,165
2 years$114,057$111,933$109,874$107,878$105,942$101,614
3 years$75,283$73,149$71,096$69,119$67,214$63,006
4 years$55,899$53,773$51,740$49,796$47,938$43,882
5 years$44,272$42,158$40,152$38,248$36,441$32,550
6 years$36,524$34,425$32,449$30,587$28,835$25,112
7 years$30,991$28,910$26,965$25,148$23,450$19,897
8 years$26,843$24,782$22,869$21,096$19,454$16,069
9 years$23,619$21,577$19,697$17,969$16,383$13,164
10 years$21,041$19,019$17,172$15,489$13,960$10,904
11 years$18,933$16,931$15,118$13,480$12,006$9,109
12 years$17,178$15,197$13,417$11,824$10,404$7,663
13 years$15,694$13,733$11,987$10,439$9,072$6,482
14 years$14,423$12,483$10,770$9,266$7,953$5,509
15 years$13,323$11,404$9,724$8,264$7,002$4,699
16 years$12,361$10,463$8,816$7,400$6,189$4,022
17 years$11,513$9,636$8,023$6,648$5,487$3,451
18 years$10,760$8,904$7,324$5,992$4,879$2,968
19 years$10,087$8,252$6,704$5,414$4,349$2,557
20 years$9,482$7,668$6,153$4,903$3,884$2,207
21 years$8,936$7,143$5,660$4,450$3,476$1,907
22 years$8,440$6,667$5,216$4,046$3,116$1,650
23 years$7,987$6,236$4,816$3,685$2,797$1,429
24 years$7,573$5,843$4,454$3,361$2,514$1,239
25 years$7,193$5,483$4,125$3,069$2,262$1,075
26 years$6,843$5,153$3,826$2,806$2,038$933
27 years$6,519$4,850$3,553$2,569$1,837$810
28 years$6,218$4,570$3,303$2,354$1,658$704
29 years$5,939$4,311$3,074$2,158$1,497$612
30 years$5,679$4,071$2,863$1,981$1,353$533
31 years$5,436$3,849$2,669$1,819$1,223$463
32 years$5,209$3,642$2,490$1,672$1,106$403
33 years$4,996$3,449$2,325$1,537$1,001$351
34 years$4,797$3,269$2,173$1,415$906$306
35 years$4,608$3,100$2,031$1,302$821$266
36 years$4,431$2,943$1,900$1,199$744$232
37 years$4,264$2,795$1,778$1,105$674$202
38 years$4,106$2,656$1,665$1,018$611$176
39 years$3,956$2,526$1,560$939$554$153
40 years$3,814$2,403$1,463$866$503$133
41 years$3,680$2,287$1,371$799$456$116
42 years$3,552$2,178$1,286$738$414$101
43 years$3,431$2,076$1,207$681$376$88
44 years$3,315$1,978$1,133$629$341$77
45 years$3,205$1,887$1,064$581$309$67
46 years$3,100$1,800$999$536$281$58
47 years$2,999$1,718$939$495$255$51
48 years$2,903$1,640$882$458$232$44
49 years$2,812$1,566$829$423$210$39
50 years$2,724$1,496$780$391$191$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,790,000, adding $4,969 every year, while hoping to spend $44,516 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: 77/12/11 Blend
53$2,790,000$2,790,000$2,790,000$2,790,000
54$3,079,706$2,931,836$2,888,591$3,310,251
55$3,346,471$3,028,131$2,937,994$3,558,974
56$3,638,954$3,127,653$2,987,560$3,825,452
57$3,959,732$3,230,512$3,037,247$4,116,377
58$4,311,641$3,336,824$3,087,012$4,434,166
59$4,697,808$3,446,708$3,136,806$4,781,482
60$5,121,675$3,560,287$3,186,580$5,161,254
61$5,587,034$3,677,689$3,236,278$5,576,712
62$6,098,062$3,799,047$3,285,845$6,031,410
63$6,659,362$3,924,497$3,335,218$6,529,263
64$7,276,002$4,054,183$3,384,332$7,074,584
65$7,953,567$4,188,250$3,433,120$7,672,121
66$8,698,209$4,326,853$3,481,508$8,327,107
67$9,516,706$4,470,148$3,529,418$9,045,305
68$10,416,525$4,618,300$3,576,769$9,833,060
69$11,405,893$4,771,479$3,623,473$10,697,366
70$12,493,873$4,929,860$3,669,438$11,645,926
71$13,690,451$5,093,627$3,714,567$12,687,226
72$15,006,629$5,262,967$3,758,758$13,830,612
73$16,454,530$5,438,077$3,801,901$15,086,384
74$18,047,509$5,619,160$3,843,882$16,465,888
75$19,800,283$5,806,427$3,884,579$17,981,623
76$21,729,065$6,000,095$3,923,866$19,647,362
77$23,851,722$6,200,391$3,961,607$21,478,277
78$26,187,937$6,407,550$3,997,661$23,491,085
79$28,759,402$6,621,816$4,031,878$25,704,206
80$31,590,016$6,843,439$4,064,100$28,137,932
81$34,706,112$7,072,682$4,094,163$30,814,625
82$38,136,709$7,309,817$4,121,890$33,758,921
83$41,913,779$7,555,124$4,147,100$36,997,965
84$46,072,555$7,808,896$4,169,598$40,561,669
85$50,651,859$8,071,435$4,189,183$44,482,989
86$55,694,469$8,343,056$4,205,641$48,798,241
87$61,247,522$8,624,083$4,218,748$53,547,439
88$67,362,962$8,914,856$4,228,268$58,774,674
89$74,098,025$9,215,725$4,233,956$64,528,530
90$81,515,782$9,527,053$4,235,552$70,862,542
91$89,685,732$9,849,220$4,232,783$77,835,700
92$98,684,461$10,182,615$4,225,365$85,513,007
93$108,596,359$10,527,647$4,212,999$93,966,090
94$119,514,423$10,884,736$4,195,369$103,273,878
95$131,541,128$11,254,322$4,172,148$113,523,342
96$144,789,398$11,636,859$4,142,990$124,810,323
97$159,383,671$12,032,820$4,107,534$137,240,429
98$175,461,071$12,442,693$4,065,402$150,930,034
99$193,172,704$12,866,989$4,016,197$166,007,379
100$212,685,084$13,306,235$3,959,504$182,613,775