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

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$230,396$228,343$226,341$224,387$222,479$217,012
2 years$114,057$111,933$109,874$107,878$105,942$100,469
3 years$75,283$73,149$71,096$69,119$67,214$61,904
4 years$55,899$53,773$51,740$49,796$47,938$42,833
5 years$44,272$42,158$40,152$38,248$36,441$31,556
6 years$36,524$34,425$32,449$30,587$28,835$24,173
7 years$30,991$28,910$26,965$25,148$23,450$19,013
8 years$26,843$24,782$22,869$21,096$19,454$15,240
9 years$23,619$21,577$19,697$17,969$16,383$12,388
10 years$21,041$19,019$17,172$15,489$13,960$10,178
11 years$18,933$16,931$15,118$13,480$12,006$8,433
12 years$17,178$15,197$13,417$11,824$10,404$7,034
13 years$15,694$13,733$11,987$10,439$9,072$5,899
14 years$14,423$12,483$10,770$9,266$7,953$4,969
15 years$13,323$11,404$9,724$8,264$7,002$4,201
16 years$12,361$10,463$8,816$7,400$6,189$3,562
17 years$11,513$9,636$8,023$6,648$5,487$3,028
18 years$10,760$8,904$7,324$5,992$4,879$2,579
19 years$10,087$8,252$6,704$5,414$4,349$2,201
20 years$9,482$7,668$6,153$4,903$3,884$1,881
21 years$8,936$7,143$5,660$4,450$3,476$1,609
22 years$8,440$6,667$5,216$4,046$3,116$1,379
23 years$7,987$6,236$4,816$3,685$2,797$1,182
24 years$7,573$5,843$4,454$3,361$2,514$1,014
25 years$7,193$5,483$4,125$3,069$2,262$871
26 years$6,843$5,153$3,826$2,806$2,038$748
27 years$6,519$4,850$3,553$2,569$1,837$643
28 years$6,218$4,570$3,303$2,354$1,658$553
29 years$5,939$4,311$3,074$2,158$1,497$476
30 years$5,679$4,071$2,863$1,981$1,353$409
31 years$5,436$3,849$2,669$1,819$1,223$352
32 years$5,209$3,642$2,490$1,672$1,106$303
33 years$4,996$3,449$2,325$1,537$1,001$261
34 years$4,797$3,269$2,173$1,415$906$225
35 years$4,608$3,100$2,031$1,302$821$194
36 years$4,431$2,943$1,900$1,199$744$167
37 years$4,264$2,795$1,778$1,105$674$144
38 years$4,106$2,656$1,665$1,018$611$124
39 years$3,956$2,526$1,560$939$554$107
40 years$3,814$2,403$1,463$866$503$92
41 years$3,680$2,287$1,371$799$456$79
42 years$3,552$2,178$1,286$738$414$68
43 years$3,431$2,076$1,207$681$376$59
44 years$3,315$1,978$1,133$629$341$51
45 years$3,205$1,887$1,064$581$309$44
46 years$3,100$1,800$999$536$281$38
47 years$2,999$1,718$939$495$255$32
48 years$2,903$1,640$882$458$232$28
49 years$2,812$1,566$829$423$210$24
50 years$2,724$1,496$780$391$191$21

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 $3,545 every year, while hoping to spend $55,037 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: 25/46/29 Blend
53$2,790,000$2,790,000$2,790,000$2,790,000
54$3,078,237$2,930,367$2,887,122$3,127,176
55$3,333,658$3,015,396$2,925,281$3,253,605
56$3,613,287$3,102,747$2,962,875$3,384,167
57$3,919,536$3,192,475$2,999,825$3,523,020
58$4,255,060$3,284,637$3,036,050$3,670,900
59$4,622,783$3,379,291$3,071,464$3,828,613
60$5,025,925$3,476,495$3,105,977$3,997,047
61$5,468,034$3,576,307$3,139,491$4,177,181
62$5,953,016$3,678,789$3,171,907$4,370,089
63$6,485,174$3,784,000$3,203,116$4,576,953
64$7,069,249$3,892,003$3,233,007$4,799,077
65$7,710,460$4,002,859$3,261,461$5,037,892
66$8,414,560$4,116,632$3,288,353$5,294,976
67$9,187,883$4,233,385$3,313,551$5,572,067
68$10,037,409$4,353,182$3,336,916$5,871,076
69$10,970,826$4,476,090$3,358,304$6,194,110
70$11,996,604$4,602,172$3,377,561$6,543,487
71$13,124,074$4,731,495$3,394,526$6,921,763
72$14,363,516$4,864,124$3,409,029$7,331,750
73$15,726,256$5,000,128$3,420,893$7,776,549
74$17,224,772$5,139,572$3,429,931$8,259,572
75$18,872,811$5,282,524$3,435,946$8,784,582
76$20,685,520$5,429,050$3,438,733$9,355,721
77$22,679,588$5,579,218$3,438,075$9,977,556
78$24,873,401$5,733,095$3,433,745$10,655,116
79$27,287,219$5,890,747$3,425,507$11,393,945
80$29,943,363$6,052,241$3,413,109$12,200,149
81$32,866,428$6,217,644$3,396,290$13,080,457
82$36,083,515$6,387,019$3,374,777$14,042,286
83$39,624,483$6,560,433$3,348,282$15,093,806
84$43,522,233$6,737,947$3,316,503$16,244,024
85$47,813,020$6,919,626$3,279,125$17,502,862
86$52,536,791$7,105,530$3,235,817$18,881,257
87$57,737,561$7,295,718$3,186,235$20,391,261
88$63,463,833$7,490,250$3,130,015$22,046,155
89$69,769,052$7,689,180$3,066,779$23,860,578
90$76,712,109$7,892,563$2,996,129$25,850,662
91$84,357,895$8,100,450$2,917,650$28,034,184
92$92,777,918$8,312,889$2,830,909$30,430,739
93$102,050,972$8,529,927$2,735,451$33,061,920
94$112,263,884$8,751,606$2,630,801$35,951,527
95$123,512,329$8,977,964$2,516,462$39,125,788
96$135,901,738$9,209,035$2,391,915$42,613,612
97$149,548,288$9,444,851$2,256,617$46,446,855
98$164,579,999$9,685,435$2,110,000$50,660,632
99$181,137,946$9,930,808$1,951,472$55,293,640
100$199,377,584$10,180,985$1,780,413$60,388,528