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%11.6%
1 years$232,047$229,980$227,964$225,995$224,073$222,568
2 years$114,875$112,735$110,662$108,652$106,702$105,183
3 years$75,822$73,674$71,606$69,614$67,696$66,212
4 years$56,300$54,158$52,111$50,153$48,281$46,843
5 years$44,590$42,461$40,440$38,522$36,703$35,314
6 years$36,785$34,672$32,681$30,807$29,042$27,704
7 years$31,213$29,118$27,158$25,328$23,619$22,334
8 years$27,036$24,959$23,033$21,247$19,594$18,361
9 years$23,788$21,732$19,838$18,098$16,501$15,320
10 years$21,192$19,155$17,295$15,600$14,060$12,930
11 years$19,069$17,053$15,226$13,577$12,092$11,013
12 years$17,301$15,306$13,513$11,909$10,478$9,449
13 years$15,807$13,832$12,073$10,514$9,137$8,157
14 years$14,527$12,573$10,848$9,333$8,010$7,077
15 years$13,418$11,485$9,794$8,323$7,052$6,165
16 years$12,449$10,538$8,880$7,453$6,233$5,391
17 years$11,595$9,705$8,080$6,696$5,527$4,728
18 years$10,837$8,968$7,376$6,035$4,914$4,157
19 years$10,159$8,311$6,752$5,453$4,380$3,664
20 years$9,550$7,723$6,197$4,938$3,912$3,235
21 years$9,000$7,194$5,700$4,482$3,501$2,862
22 years$8,500$6,715$5,254$4,075$3,138$2,535
23 years$8,045$6,281$4,851$3,711$2,817$2,249
24 years$7,628$5,884$4,486$3,385$2,532$1,997
25 years$7,245$5,522$4,155$3,091$2,278$1,775
26 years$6,892$5,190$3,854$2,827$2,052$1,579
27 years$6,565$4,884$3,578$2,587$1,850$1,406
28 years$6,263$4,603$3,327$2,370$1,670$1,253
29 years$5,982$4,342$3,096$2,174$1,508$1,117
30 years$5,720$4,101$2,883$1,995$1,362$996
31 years$5,475$3,876$2,688$1,832$1,232$889
32 years$5,247$3,668$2,508$1,684$1,114$794
33 years$5,032$3,474$2,342$1,548$1,008$709
34 years$4,831$3,292$2,188$1,425$913$634
35 years$4,641$3,123$2,046$1,312$827$566
36 years$4,463$2,964$1,914$1,208$749$506
37 years$4,294$2,815$1,791$1,113$679$453
38 years$4,135$2,675$1,677$1,026$616$405
39 years$3,985$2,544$1,572$946$558$362
40 years$3,842$2,420$1,473$872$506$324
41 years$3,706$2,304$1,381$805$459$290
42 years$3,578$2,194$1,296$743$417$260
43 years$3,455$2,090$1,216$686$378$232
44 years$3,339$1,993$1,141$633$343$208
45 years$3,228$1,900$1,072$585$312$186
46 years$3,122$1,813$1,006$540$283$167
47 years$3,021$1,730$946$499$257$149
48 years$2,924$1,651$889$461$233$134
49 years$2,832$1,577$835$426$212$120
50 years$2,744$1,506$785$394$193$107

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 $6,569 every year, while hoping to spend $48,271 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: 66/15/19 Blend
53$2,810,000$2,810,000$2,810,000$2,810,000
54$3,103,396$2,954,466$2,910,911$3,293,099
55$3,368,582$3,047,875$2,957,066$3,514,447
56$3,659,200$3,144,243$3,003,150$3,750,163
57$3,977,792$3,243,664$3,049,109$4,006,685
58$4,327,158$3,346,236$3,094,886$4,286,054
59$4,710,385$3,452,058$3,140,422$4,590,519
60$5,130,869$3,561,233$3,185,651$4,922,554
61$5,592,354$3,673,870$3,230,506$5,284,885
62$6,098,961$3,790,076$3,274,915$5,680,514
63$6,655,232$3,909,967$3,318,801$6,112,747
64$7,266,169$4,033,658$3,362,084$6,585,224
65$7,937,282$4,161,272$3,404,679$7,101,956
66$8,674,644$4,292,933$3,446,494$7,667,360
67$9,484,940$4,428,770$3,487,435$8,286,302
68$10,375,540$4,568,915$3,527,399$8,964,143
69$11,354,560$4,713,507$3,566,282$9,706,786
70$12,430,942$4,862,686$3,603,969$10,520,737
71$13,614,538$5,016,598$3,640,343$11,413,160
72$14,916,205$5,175,395$3,675,278$12,391,950
73$16,347,900$5,339,232$3,708,642$13,465,804
74$17,922,801$5,508,269$3,740,297$14,644,304
75$19,655,426$5,682,673$3,770,095$15,938,006
76$21,561,769$5,862,614$3,797,884$17,358,543
77$23,659,457$6,048,270$3,823,500$18,918,727
78$25,967,908$6,239,821$3,846,774$20,632,680
79$28,508,520$6,437,458$3,867,526$22,515,958
80$31,304,868$6,641,372$3,885,567$24,585,703
81$34,382,931$6,851,766$3,900,700$26,860,802
82$37,771,333$7,068,845$3,912,717$29,362,065
83$41,501,614$7,292,824$3,921,398$32,112,423
84$45,608,528$7,523,922$3,926,514$35,137,144
85$50,130,371$7,762,367$3,927,825$38,464,070
86$55,109,339$8,008,393$3,925,078$42,123,879
87$60,591,931$8,262,244$3,918,007$46,150,375
88$66,629,383$8,524,168$3,906,335$50,580,810
89$73,278,152$8,794,425$3,889,770$55,456,230
90$80,600,452$9,073,280$3,868,006$60,821,866
91$88,664,837$9,361,009$3,840,722$66,727,559
92$97,546,847$9,657,896$3,807,583$73,228,231
93$107,329,726$9,964,233$3,768,238$80,384,403
94$118,105,201$10,280,323$3,722,317$88,262,767
95$129,974,351$10,606,479$3,669,434$96,936,813
96$143,048,561$10,943,023$3,609,186$106,487,526
97$157,450,571$11,290,287$3,541,150$117,004,145
98$173,315,634$11,648,616$3,464,884$128,585,012
99$190,792,794$12,018,364$3,379,922$141,338,493
100$210,046,291$12,399,896$3,285,783$155,384,009