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%11.3%
1 years$231,221$229,162$227,152$225,191$223,276$222,055
2 years$114,466$112,334$110,268$108,265$106,322$105,090
3 years$75,553$73,412$71,351$69,366$67,455$66,250
4 years$56,100$53,965$51,925$49,975$48,109$46,941
5 years$44,431$42,309$40,296$38,385$36,572$35,443
6 years$36,655$34,549$32,565$30,697$28,938$27,851
7 years$31,102$29,014$27,062$25,238$23,535$22,489
8 years$26,940$24,870$22,951$21,171$19,524$18,520
9 years$23,704$21,654$19,767$18,033$16,442$15,480
10 years$21,117$19,087$17,234$15,545$14,010$13,089
11 years$19,001$16,992$15,172$13,529$12,049$11,168
12 years$17,240$15,251$13,465$11,866$10,441$9,601
13 years$15,750$13,783$12,030$10,476$9,105$8,303
14 years$14,475$12,528$10,809$9,300$7,981$7,218
15 years$13,370$11,445$9,759$8,294$7,027$6,301
16 years$12,405$10,500$8,848$7,426$6,211$5,521
17 years$11,554$9,670$8,051$6,672$5,507$4,852
18 years$10,799$8,936$7,350$6,013$4,896$4,275
19 years$10,123$8,282$6,728$5,433$4,364$3,776
20 years$9,516$7,696$6,175$4,921$3,898$3,341
21 years$8,968$7,168$5,680$4,466$3,489$2,962
22 years$8,470$6,691$5,235$4,061$3,127$2,630
23 years$8,016$6,258$4,833$3,698$2,807$2,338
24 years$7,601$5,864$4,470$3,373$2,523$2,081
25 years$7,219$5,503$4,140$3,080$2,270$1,854
26 years$6,867$5,172$3,840$2,816$2,045$1,653
27 years$6,542$4,867$3,566$2,578$1,844$1,476
28 years$6,241$4,586$3,315$2,362$1,664$1,318
29 years$5,961$4,327$3,085$2,166$1,502$1,178
30 years$5,700$4,086$2,873$1,988$1,357$1,053
31 years$5,456$3,863$2,679$1,826$1,227$942
32 years$5,228$3,655$2,499$1,678$1,110$843
33 years$5,014$3,461$2,334$1,543$1,005$755
34 years$4,814$3,280$2,180$1,420$910$676
35 years$4,625$3,111$2,038$1,307$824$606
36 years$4,447$2,953$1,907$1,204$746$543
37 years$4,279$2,805$1,785$1,109$677$487
38 years$4,120$2,666$1,671$1,022$613$437
39 years$3,970$2,535$1,566$942$556$392
40 years$3,828$2,412$1,468$869$504$351
41 years$3,693$2,296$1,376$802$458$315
42 years$3,565$2,186$1,291$740$415$283
43 years$3,443$2,083$1,211$683$377$254
44 years$3,327$1,986$1,137$631$342$228
45 years$3,216$1,893$1,068$583$311$205
46 years$3,111$1,806$1,003$538$282$184
47 years$3,010$1,724$942$497$256$165
48 years$2,914$1,646$885$459$233$148
49 years$2,822$1,571$832$425$211$133
50 years$2,734$1,501$782$392$192$119

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 $5,597 every year, while hoping to spend $32,875 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: 71/19/10 Blend
53$2,800,000$2,800,000$2,800,000$2,800,000
54$3,091,373$2,942,973$2,899,573$3,304,496
55$3,371,715$3,052,200$2,961,730$3,555,502
56$3,679,549$3,165,677$3,024,868$3,825,594
57$4,017,646$3,283,579$3,088,984$4,120,349
58$4,389,056$3,406,084$3,154,075$4,442,192
59$4,797,141$3,533,384$3,220,138$4,793,788
60$5,245,604$3,665,674$3,287,166$5,178,074
61$5,738,522$3,803,159$3,355,154$5,598,282
62$6,280,392$3,946,054$3,424,092$6,057,970
63$6,876,163$4,094,582$3,493,970$6,561,054
64$7,531,290$4,248,975$3,564,777$7,111,849
65$8,251,785$4,409,477$3,636,499$7,715,104
66$9,044,266$4,576,341$3,709,122$8,376,049
67$9,916,032$4,749,832$3,782,627$9,100,443
68$10,875,118$4,930,226$3,856,997$9,894,628
69$11,930,383$5,117,809$3,932,209$10,765,589
70$13,091,584$5,312,883$4,008,239$11,721,018
71$14,369,472$5,515,762$4,085,063$12,769,388
72$15,775,896$5,726,771$4,162,650$13,920,031
73$17,323,908$5,946,254$4,240,969$15,183,225
74$19,027,891$6,174,565$4,319,986$16,570,291
75$20,903,695$6,412,078$4,399,665$18,093,699
76$22,968,782$6,659,179$4,479,963$19,767,188
77$25,242,394$6,916,276$4,560,839$21,605,888
78$27,745,735$7,183,790$4,642,243$23,626,469
79$30,502,168$7,462,164$4,724,127$25,847,294
80$33,537,438$7,751,859$4,806,434$28,288,592
81$36,879,913$8,053,356$4,889,106$30,972,651
82$40,560,853$8,367,159$4,972,079$33,924,021
83$44,614,703$8,693,793$5,055,287$37,169,752
84$49,079,420$9,033,806$5,138,656$40,739,643
85$53,996,829$9,387,771$5,222,109$44,666,527
86$59,413,021$9,756,286$5,305,565$48,986,575
87$65,378,782$10,139,977$5,388,934$53,739,640
88$71,950,078$10,539,497$5,472,124$58,969,633
89$79,188,580$10,955,527$5,555,035$64,724,930
90$87,162,247$11,388,779$5,637,560$71,058,836
91$95,945,966$11,839,998$5,719,588$78,030,081
92$105,622,258$12,309,962$5,800,998$85,703,374
93$116,282,061$12,799,483$5,881,664$94,150,016
94$128,025,584$13,309,410$5,961,452$103,448,567
95$140,963,252$13,840,630$6,040,220$113,685,590
96$155,216,753$14,394,071$6,117,816$124,956,465
97$170,920,182$14,970,700$6,194,083$137,366,286
98$188,221,307$15,571,530$6,268,851$151,030,855
99$207,282,965$16,197,621$6,341,943$166,077,774
100$228,284,600$16,850,076$6,413,170$182,647,642