Can I retire at age 54 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$232,047$229,980$227,964$225,995$224,073$222,011
2 years$114,875$112,735$110,662$108,652$106,702$104,623
3 years$75,822$73,674$71,606$69,614$67,696$65,666
4 years$56,300$54,158$52,111$50,153$48,281$46,316
5 years$44,590$42,461$40,440$38,522$36,703$34,808
6 years$36,785$34,672$32,681$30,807$29,042$27,220
7 years$31,213$29,118$27,158$25,328$23,619$21,870
8 years$27,036$24,959$23,033$21,247$19,594$17,919
9 years$23,788$21,732$19,838$18,098$16,501$14,899
10 years$21,192$19,155$17,295$15,600$14,060$12,529
11 years$19,069$17,053$15,226$13,577$12,092$10,632
12 years$17,301$15,306$13,513$11,909$10,478$9,088
13 years$15,807$13,832$12,073$10,514$9,137$7,815
14 years$14,527$12,573$10,848$9,333$8,010$6,753
15 years$13,418$11,485$9,794$8,323$7,052$5,860
16 years$12,449$10,538$8,880$7,453$6,233$5,103
17 years$11,595$9,705$8,080$6,696$5,527$4,457
18 years$10,837$8,968$7,376$6,035$4,914$3,902
19 years$10,159$8,311$6,752$5,453$4,380$3,424
20 years$9,550$7,723$6,197$4,938$3,912$3,011
21 years$9,000$7,194$5,700$4,482$3,501$2,651
22 years$8,500$6,715$5,254$4,075$3,138$2,338
23 years$8,045$6,281$4,851$3,711$2,817$2,064
24 years$7,628$5,884$4,486$3,385$2,532$1,825
25 years$7,245$5,522$4,155$3,091$2,278$1,615
26 years$6,892$5,190$3,854$2,827$2,052$1,430
27 years$6,565$4,884$3,578$2,587$1,850$1,267
28 years$6,263$4,603$3,327$2,370$1,670$1,124
29 years$5,982$4,342$3,096$2,174$1,508$997
30 years$5,720$4,101$2,883$1,995$1,362$885
31 years$5,475$3,876$2,688$1,832$1,232$786
32 years$5,247$3,668$2,508$1,684$1,114$698
33 years$5,032$3,474$2,342$1,548$1,008$621
34 years$4,831$3,292$2,188$1,425$913$552
35 years$4,641$3,123$2,046$1,312$827$491
36 years$4,463$2,964$1,914$1,208$749$436
37 years$4,294$2,815$1,791$1,113$679$388
38 years$4,135$2,675$1,677$1,026$616$346
39 years$3,985$2,544$1,572$946$558$308
40 years$3,842$2,420$1,473$872$506$274
41 years$3,706$2,304$1,381$805$459$244
42 years$3,578$2,194$1,296$743$417$217
43 years$3,455$2,090$1,216$686$378$193
44 years$3,339$1,993$1,141$633$343$172
45 years$3,228$1,900$1,072$585$312$153
46 years$3,122$1,813$1,006$540$283$137
47 years$3,021$1,730$946$499$257$122
48 years$2,924$1,651$889$461$233$108
49 years$2,832$1,577$835$426$212$97
50 years$2,744$1,506$785$394$193$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,810,000, adding $4,281 every year, while hoping to spend $48,190 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: 45/47/8 Blend
53$2,810,000$2,810,000$2,810,000$2,810,000
54$3,101,036$2,952,106$2,908,551$3,233,443
55$3,366,068$3,045,485$2,954,714$3,418,716
56$3,656,518$3,141,825$3,000,808$3,614,175
57$3,974,928$3,241,220$3,046,780$3,825,000
58$4,324,097$3,343,766$3,092,573$4,052,620
59$4,707,109$3,449,565$3,138,129$4,298,611
60$5,127,359$3,558,719$3,183,381$4,564,702
61$5,588,590$3,671,335$3,228,264$4,852,796
62$6,094,920$3,787,525$3,272,705$5,164,983
63$6,650,889$3,907,401$3,316,628$5,503,566
64$7,261,497$4,031,081$3,359,952$5,871,075
65$7,932,252$4,158,686$3,402,593$6,270,294
66$8,669,221$4,290,342$3,444,460$6,704,286
67$9,479,090$4,426,176$3,485,457$7,176,423
68$10,369,222$4,566,324$3,525,485$7,690,414
69$11,347,730$4,710,921$3,564,436$8,250,340
70$12,423,552$4,860,110$3,602,199$8,860,696
71$13,606,537$5,014,038$3,638,655$9,526,428
72$14,907,533$5,172,855$3,673,679$10,252,979
73$16,338,495$5,336,718$3,707,140$11,046,345
74$17,912,592$5,505,788$3,738,900$11,913,124
75$19,644,335$5,680,231$3,768,812$12,860,583
76$21,549,713$5,860,218$3,796,723$13,896,721
77$23,646,341$6,045,926$3,822,471$15,030,350
78$25,953,630$6,237,539$3,845,886$16,271,170
79$28,492,967$6,435,245$3,866,790$17,629,866
80$31,287,916$6,639,238$3,884,994$19,118,205
81$34,364,443$6,849,720$3,900,300$20,749,145
82$37,751,158$7,066,898$3,912,502$22,536,961
83$41,479,587$7,290,987$3,921,382$24,497,372
84$45,584,466$7,522,207$3,926,709$26,647,696
85$50,104,073$7,760,786$3,928,246$29,007,007
86$55,080,584$8,006,961$3,925,738$31,596,317
87$60,560,476$8,260,974$3,918,922$34,438,770
88$66,594,959$8,523,076$3,907,520$37,559,864
89$73,240,464$8,793,526$3,891,242$40,987,686
90$80,559,175$9,072,593$3,869,782$44,753,181
91$88,619,613$9,360,551$3,842,821$48,890,437
92$97,497,282$9,657,687$3,810,024$53,437,012
93$107,275,385$9,964,294$3,771,041$58,434,280
94$118,045,606$10,280,676$3,725,502$63,927,830
95$129,908,976$10,607,147$3,673,025$69,967,884
96$142,976,825$10,944,031$3,613,204$76,609,778
97$157,371,835$11,291,662$3,545,620$83,914,480
98$173,229,193$11,650,385$3,469,830$91,949,165
99$190,697,874$12,020,556$3,385,372$100,787,845
100$209,942,037$12,402,544$3,291,763$110,512,070