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%17%
1 years$230,396$228,343$226,341$224,387$222,479$216,137
2 years$114,057$111,933$109,874$107,878$105,942$99,602
3 years$75,283$73,149$71,096$69,119$67,214$61,075
4 years$55,899$53,773$51,740$49,796$47,938$42,046
5 years$44,272$42,158$40,152$38,248$36,441$30,813
6 years$36,524$34,425$32,449$30,587$28,835$23,476
7 years$30,991$28,910$26,965$25,148$23,450$18,360
8 years$26,843$24,782$22,869$21,096$19,454$14,630
9 years$23,619$21,577$19,697$17,969$16,383$11,821
10 years$21,041$19,019$17,172$15,489$13,960$9,652
11 years$18,933$16,931$15,118$13,480$12,006$7,946
12 years$17,178$15,197$13,417$11,824$10,404$6,585
13 years$15,694$13,733$11,987$10,439$9,072$5,485
14 years$14,423$12,483$10,770$9,266$7,953$4,589
15 years$13,323$11,404$9,724$8,264$7,002$3,852
16 years$12,361$10,463$8,816$7,400$6,189$3,243
17 years$11,513$9,636$8,023$6,648$5,487$2,737
18 years$10,760$8,904$7,324$5,992$4,879$2,314
19 years$10,087$8,252$6,704$5,414$4,349$1,960
20 years$9,482$7,668$6,153$4,903$3,884$1,662
21 years$8,936$7,143$5,660$4,450$3,476$1,411
22 years$8,440$6,667$5,216$4,046$3,116$1,200
23 years$7,987$6,236$4,816$3,685$2,797$1,020
24 years$7,573$5,843$4,454$3,361$2,514$869
25 years$7,193$5,483$4,125$3,069$2,262$740
26 years$6,843$5,153$3,826$2,806$2,038$631
27 years$6,519$4,850$3,553$2,569$1,837$538
28 years$6,218$4,570$3,303$2,354$1,658$459
29 years$5,939$4,311$3,074$2,158$1,497$391
30 years$5,679$4,071$2,863$1,981$1,353$334
31 years$5,436$3,849$2,669$1,819$1,223$285
32 years$5,209$3,642$2,490$1,672$1,106$243
33 years$4,996$3,449$2,325$1,537$1,001$208
34 years$4,797$3,269$2,173$1,415$906$177
35 years$4,608$3,100$2,031$1,302$821$152
36 years$4,431$2,943$1,900$1,199$744$129
37 years$4,264$2,795$1,778$1,105$674$111
38 years$4,106$2,656$1,665$1,018$611$94
39 years$3,956$2,526$1,560$939$554$81
40 years$3,814$2,403$1,463$866$503$69
41 years$3,680$2,287$1,371$799$456$59
42 years$3,552$2,178$1,286$738$414$50
43 years$3,431$2,076$1,207$681$376$43
44 years$3,315$1,978$1,133$629$341$37
45 years$3,205$1,887$1,064$581$309$31
46 years$3,100$1,800$999$536$281$27
47 years$2,999$1,718$939$495$255$23
48 years$2,903$1,640$882$458$232$20
49 years$2,812$1,566$829$423$210$17
50 years$2,724$1,496$780$391$191$14

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 $4,436 every year, while hoping to spend $24,984 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: 81/14/5 Blend
53$2,790,000$2,790,000$2,790,000$2,790,000
54$3,079,156$2,931,286$2,888,041$3,327,827
55$3,366,647$3,048,336$2,958,207$3,608,103
56$3,682,625$3,170,284$3,029,887$3,911,841
57$4,029,969$3,297,344$3,103,104$4,244,410
58$4,411,850$3,429,739$3,177,884$4,608,674
59$4,831,765$3,567,703$3,254,249$5,007,790
60$5,293,564$3,711,478$3,332,224$5,445,231
61$5,801,488$3,861,321$3,411,834$5,924,823
62$6,360,211$4,017,498$3,493,103$6,450,778
63$6,974,884$4,180,287$3,576,053$7,027,736
64$7,651,180$4,349,979$3,660,709$7,660,805
65$8,395,352$4,526,879$3,747,094$8,355,612
66$9,214,288$4,711,306$3,835,231$9,118,354
67$10,115,576$4,903,591$3,925,143$9,955,855
68$11,107,582$5,104,084$4,016,852$10,875,633
69$12,199,519$5,313,148$4,110,380$11,885,968
70$13,401,541$5,531,163$4,205,749$12,995,980
71$14,724,836$5,758,527$4,302,979$14,215,716
72$16,181,731$5,995,657$4,402,091$15,556,242
73$17,785,811$6,242,988$4,503,104$17,029,748
74$19,552,044$6,500,975$4,606,038$18,649,664
75$21,496,923$6,770,093$4,710,911$20,430,781
76$23,638,623$7,050,841$4,817,741$22,389,398
77$25,997,170$7,343,740$4,926,542$24,543,468
78$28,594,632$7,649,334$5,037,332$26,912,771
79$31,455,326$7,968,193$5,150,125$29,519,096
80$34,606,049$8,300,914$5,264,934$32,386,451
81$38,076,327$8,648,120$5,381,770$35,541,284
82$41,898,698$9,010,464$5,500,645$39,012,737
83$46,109,016$9,388,628$5,621,568$42,832,913
84$50,746,792$9,783,326$5,744,546$47,037,186
85$55,855,562$10,195,306$5,869,585$51,664,529
86$61,483,303$10,625,350$5,996,691$56,757,882
87$67,682,884$11,074,276$6,125,864$62,364,555
88$74,512,563$11,542,941$6,257,105$68,536,680
89$82,036,539$12,032,240$6,390,413$75,331,691
90$90,325,558$12,543,111$6,525,783$82,812,875
91$99,457,576$13,076,535$6,663,209$91,049,964
92$109,518,503$13,633,540$6,802,680$100,119,790
93$120,603,007$14,215,199$6,944,187$110,107,016
94$132,815,409$14,822,640$7,087,712$121,104,923
95$146,270,669$15,457,037$7,233,239$133,216,301
96$161,095,471$16,119,626$7,380,746$146,554,410
97$177,429,416$16,811,694$7,530,208$161,244,049
98$195,426,343$17,534,594$7,681,596$177,422,734
99$215,255,779$18,289,737$7,834,879$195,241,996
100$237,104,540$19,078,606$7,990,018$214,868,806