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%14.5%
1 years$231,221$229,162$227,152$225,191$223,276$219,126
2 years$114,466$112,334$110,268$108,265$106,322$102,157
3 years$75,553$73,412$71,351$69,366$67,455$63,404
4 years$56,100$53,965$51,925$49,975$48,109$44,204
5 years$44,431$42,309$40,296$38,385$36,572$32,823
6 years$36,655$34,549$32,565$30,697$28,938$25,350
7 years$31,102$29,014$27,062$25,238$23,535$20,108
8 years$26,940$24,870$22,951$21,171$19,524$16,259
9 years$23,704$21,654$19,767$18,033$16,442$13,336
10 years$21,117$19,087$17,234$15,545$14,010$11,059
11 years$19,001$16,992$15,172$13,529$12,049$9,251
12 years$17,240$15,251$13,465$11,866$10,441$7,792
13 years$15,750$13,783$12,030$10,476$9,105$6,600
14 years$14,475$12,528$10,809$9,300$7,981$5,617
15 years$13,370$11,445$9,759$8,294$7,027$4,798
16 years$12,405$10,500$8,848$7,426$6,211$4,112
17 years$11,554$9,670$8,051$6,672$5,507$3,533
18 years$10,799$8,936$7,350$6,013$4,896$3,043
19 years$10,123$8,282$6,728$5,433$4,364$2,626
20 years$9,516$7,696$6,175$4,921$3,898$2,269
21 years$8,968$7,168$5,680$4,466$3,489$1,964
22 years$8,470$6,691$5,235$4,061$3,127$1,702
23 years$8,016$6,258$4,833$3,698$2,807$1,477
24 years$7,601$5,864$4,470$3,373$2,523$1,282
25 years$7,219$5,503$4,140$3,080$2,270$1,114
26 years$6,867$5,172$3,840$2,816$2,045$969
27 years$6,542$4,867$3,566$2,578$1,844$843
28 years$6,241$4,586$3,315$2,362$1,664$734
29 years$5,961$4,327$3,085$2,166$1,502$639
30 years$5,700$4,086$2,873$1,988$1,357$556
31 years$5,456$3,863$2,679$1,826$1,227$485
32 years$5,228$3,655$2,499$1,678$1,110$423
33 years$5,014$3,461$2,334$1,543$1,005$369
34 years$4,814$3,280$2,180$1,420$910$321
35 years$4,625$3,111$2,038$1,307$824$280
36 years$4,447$2,953$1,907$1,204$746$245
37 years$4,279$2,805$1,785$1,109$677$213
38 years$4,120$2,666$1,671$1,022$613$186
39 years$3,970$2,535$1,566$942$556$163
40 years$3,828$2,412$1,468$869$504$142
41 years$3,693$2,296$1,376$802$458$124
42 years$3,565$2,186$1,291$740$415$108
43 years$3,443$2,083$1,211$683$377$94
44 years$3,327$1,986$1,137$631$342$82
45 years$3,216$1,893$1,068$583$311$72
46 years$3,111$1,806$1,003$538$282$63
47 years$3,010$1,724$942$497$256$55
48 years$2,914$1,646$885$459$233$48
49 years$2,822$1,571$832$425$211$42
50 years$2,734$1,501$782$392$192$36

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 $4,953 every year, while hoping to spend $22,235 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: 48/30/22 Blend
53$2,800,000$2,800,000$2,800,000$2,800,000
54$3,090,709$2,942,309$2,898,909$3,219,568
55$3,382,303$3,062,824$2,972,365$3,430,481
56$3,702,895$3,188,500$3,047,536$3,656,756
57$4,055,419$3,319,564$3,124,456$3,902,017
58$4,443,107$3,456,258$3,203,161$4,168,057
59$4,869,521$3,598,832$3,283,684$4,456,848
60$5,338,586$3,747,549$3,366,061$4,770,556
61$5,854,625$3,902,682$3,450,328$5,111,562
62$6,422,403$4,064,520$3,536,520$5,482,485
63$7,047,168$4,233,361$3,624,673$5,886,204
64$7,734,704$4,409,521$3,714,825$6,325,887
65$8,491,384$4,593,327$3,807,011$6,805,014
66$9,324,229$4,785,123$3,901,270$7,327,418
67$10,240,975$4,985,270$3,997,637$7,897,312
68$11,250,149$5,194,142$4,096,152$8,519,332
69$12,361,143$5,412,134$4,196,852$9,198,581
70$13,584,308$5,639,657$4,299,775$9,940,671
71$14,931,049$5,877,142$4,404,959$10,751,780
72$16,413,934$6,125,039$4,512,443$11,638,706
73$18,046,810$6,383,822$4,622,265$12,608,930
74$19,844,937$6,653,982$4,734,464$13,670,690
75$21,825,130$6,936,036$4,849,078$14,833,051
76$24,005,917$7,230,525$4,966,146$16,105,992
77$26,407,715$7,538,015$5,085,706$17,500,500
78$29,053,022$7,859,098$5,207,797$19,028,671
79$31,966,629$8,194,393$5,332,457$20,703,822
80$35,175,856$8,544,549$5,459,725$22,540,617
81$38,710,805$8,910,244$5,589,638$24,555,201
82$42,604,651$9,292,189$5,722,234$26,765,354
83$46,893,946$9,691,128$5,857,550$29,190,655
84$51,618,974$10,107,838$5,995,624$31,852,665
85$56,824,124$10,543,136$6,136,491$34,775,128
86$62,558,308$10,997,874$6,280,187$37,984,195
87$68,875,431$11,472,944$6,426,748$41,508,667
88$75,834,889$11,969,283$6,576,209$45,380,265
89$83,502,138$12,487,869$6,728,602$49,633,929
90$91,949,308$13,029,726$6,883,962$54,308,143
91$101,255,882$13,595,927$7,042,320$59,445,294
92$111,509,451$14,187,597$7,203,707$65,092,077
93$122,806,537$14,805,910$7,368,152$71,299,923
94$135,253,503$15,452,099$7,535,685$78,125,490
95$148,967,562$16,127,454$7,706,332$85,631,190
96$164,077,878$16,833,324$7,880,119$93,885,777
97$180,726,789$17,571,124$8,057,070$102,964,993
98$199,071,147$18,342,335$8,237,207$112,952,277
99$219,283,801$19,148,507$8,420,551$123,939,553
100$241,555,230$19,991,264$8,607,121$136,028,091