Can I retire at age 54 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$231,221$229,162$227,152$225,191$223,276$220,395
2 years$114,466$112,334$110,268$108,265$106,322$103,423
3 years$75,553$73,412$71,351$69,366$67,455$64,629
4 years$56,100$53,965$51,925$49,975$48,109$45,378
5 years$44,431$42,309$40,296$38,385$36,572$33,943
6 years$36,655$34,549$32,565$30,697$28,938$26,414
7 years$31,102$29,014$27,062$25,238$23,535$21,117
8 years$26,940$24,870$22,951$21,171$19,524$17,213
9 years$23,704$21,654$19,767$18,033$16,442$14,236
10 years$21,117$19,087$17,234$15,545$14,010$11,907
11 years$19,001$16,992$15,172$13,529$12,049$10,048
12 years$17,240$15,251$13,465$11,866$10,441$8,540
13 years$15,750$13,783$12,030$10,476$9,105$7,301
14 years$14,475$12,528$10,809$9,300$7,981$6,271
15 years$13,370$11,445$9,759$8,294$7,027$5,409
16 years$12,405$10,500$8,848$7,426$6,211$4,681
17 years$11,554$9,670$8,051$6,672$5,507$4,062
18 years$10,799$8,936$7,350$6,013$4,896$3,534
19 years$10,123$8,282$6,728$5,433$4,364$3,081
20 years$9,516$7,696$6,175$4,921$3,898$2,691
21 years$8,968$7,168$5,680$4,466$3,489$2,354
22 years$8,470$6,691$5,235$4,061$3,127$2,062
23 years$8,016$6,258$4,833$3,698$2,807$1,808
24 years$7,601$5,864$4,470$3,373$2,523$1,587
25 years$7,219$5,503$4,140$3,080$2,270$1,394
26 years$6,867$5,172$3,840$2,816$2,045$1,226
27 years$6,542$4,867$3,566$2,578$1,844$1,079
28 years$6,241$4,586$3,315$2,362$1,664$950
29 years$5,961$4,327$3,085$2,166$1,502$836
30 years$5,700$4,086$2,873$1,988$1,357$737
31 years$5,456$3,863$2,679$1,826$1,227$650
32 years$5,228$3,655$2,499$1,678$1,110$573
33 years$5,014$3,461$2,334$1,543$1,005$506
34 years$4,814$3,280$2,180$1,420$910$446
35 years$4,625$3,111$2,038$1,307$824$394
36 years$4,447$2,953$1,907$1,204$746$348
37 years$4,279$2,805$1,785$1,109$677$307
38 years$4,120$2,666$1,671$1,022$613$271
39 years$3,970$2,535$1,566$942$556$239
40 years$3,828$2,412$1,468$869$504$211
41 years$3,693$2,296$1,376$802$458$187
42 years$3,565$2,186$1,291$740$415$165
43 years$3,443$2,083$1,211$683$377$146
44 years$3,327$1,986$1,137$631$342$129
45 years$3,216$1,893$1,068$583$311$114
46 years$3,111$1,806$1,003$538$282$101
47 years$3,010$1,724$942$497$256$89
48 years$2,914$1,646$885$459$233$79
49 years$2,822$1,571$832$425$211$69
50 years$2,734$1,501$782$392$192$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,800,000, adding $4,652 every year, while hoping to spend $48,602 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: 70/6/24 Blend
53$2,800,000$2,800,000$2,800,000$2,800,000
54$3,090,399$2,941,999$2,898,599$3,287,676
55$3,353,907$3,034,444$2,943,989$3,512,679
56$3,642,664$3,129,791$2,989,272$3,752,794
57$3,959,195$3,228,129$3,034,391$4,014,484
58$4,306,278$3,329,553$3,079,289$4,299,887
59$4,686,976$3,434,159$3,123,903$4,611,355
60$5,104,662$3,542,047$3,168,167$4,951,479
61$5,563,049$3,653,318$3,212,012$5,323,114
62$6,066,229$3,768,080$3,255,364$5,729,405
63$6,618,710$3,886,442$3,298,144$6,173,817
64$7,225,456$4,008,515$3,340,270$6,660,165
65$7,891,937$4,134,417$3,381,653$7,192,655
66$8,624,178$4,264,267$3,422,202$7,775,919
67$9,428,816$4,398,188$3,461,818$8,415,061
68$10,313,164$4,536,307$3,500,397$9,115,704
69$11,285,277$4,678,757$3,537,831$9,884,044
70$12,354,032$4,825,673$3,574,005$10,726,908
71$13,529,205$4,977,193$3,608,796$11,651,817
72$14,821,571$5,133,462$3,642,078$12,667,059
73$16,242,998$5,294,629$3,673,715$13,781,766
74$17,806,564$5,460,846$3,703,564$15,006,001
75$19,526,678$5,632,271$3,731,477$16,350,851
76$21,419,214$5,809,067$3,757,297$17,828,535
77$23,501,664$5,991,402$3,780,857$19,452,515
78$25,793,302$6,179,449$3,801,983$21,237,625
79$28,315,362$6,373,385$3,820,493$23,200,214
80$31,091,244$6,573,396$3,836,194$25,358,295
81$34,146,728$6,779,669$3,848,884$27,731,717
82$37,510,223$6,992,402$3,858,351$30,342,356
83$41,213,032$7,211,796$3,864,372$33,214,314
84$45,289,645$7,438,058$3,866,712$36,374,155
85$49,778,069$7,671,403$3,865,127$39,851,148
86$54,720,181$7,912,051$3,859,358$43,677,550
87$60,162,129$8,160,231$3,849,136$47,888,904
88$66,154,761$8,416,176$3,834,176$52,524,381
89$72,754,108$8,680,131$3,814,183$57,627,145
90$80,021,913$8,952,343$3,788,844$63,244,762
91$88,026,210$9,233,070$3,757,833$69,429,652
92$96,841,971$9,522,578$3,720,808$76,239,578
93$106,551,808$9,821,140$3,677,410$83,738,196
94$117,246,755$10,129,038$3,627,266$91,995,655
95$129,027,127$10,446,564$3,569,982$101,089,260
96$142,003,464$10,774,015$3,505,146$111,104,198
97$156,297,578$11,111,703$3,432,329$122,134,349
98$172,043,699$11,459,944$3,351,081$134,283,166
99$189,389,743$11,819,069$3,260,929$147,664,655
100$208,498,707$12,189,414$3,161,381$162,404,453