Can I retire at age 54 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$232,873$230,799$228,775$226,800$224,871$218,902
2 years$115,284$113,137$111,056$109,038$107,081$101,109
3 years$76,092$73,936$71,860$69,862$67,937$62,149
4 years$56,501$54,351$52,296$50,332$48,453$42,893
5 years$44,748$42,612$40,584$38,659$36,833$31,517
6 years$36,916$34,796$32,798$30,916$29,145$24,078
7 years$31,324$29,221$27,255$25,418$23,703$18,885
8 years$27,132$25,048$23,114$21,323$19,664$15,092
9 years$23,873$21,809$19,909$18,162$16,560$12,231
10 years$21,267$19,223$17,357$15,656$14,110$10,018
11 years$19,137$17,113$15,281$13,625$12,135$8,274
12 years$17,363$15,360$13,561$11,951$10,516$6,879
13 years$15,863$13,881$12,116$10,551$9,170$5,750
14 years$14,578$12,618$10,886$9,366$8,038$4,827
15 years$13,466$11,526$9,829$8,353$7,078$4,066
16 years$12,494$10,575$8,911$7,479$6,255$3,435
17 years$11,637$9,739$8,109$6,720$5,546$2,910
18 years$10,876$9,000$7,402$6,056$4,931$2,469
19 years$10,196$8,341$6,777$5,472$4,396$2,099
20 years$9,584$7,751$6,219$4,956$3,926$1,787
21 years$9,032$7,219$5,720$4,498$3,513$1,523
22 years$8,530$6,739$5,272$4,090$3,149$1,300
23 years$8,073$6,303$4,868$3,725$2,827$1,110
24 years$7,655$5,905$4,502$3,397$2,541$949
25 years$7,270$5,542$4,170$3,102$2,287$811
26 years$6,916$5,209$3,867$2,837$2,060$694
27 years$6,589$4,902$3,591$2,596$1,857$594
28 years$6,285$4,619$3,338$2,379$1,676$509
29 years$6,003$4,357$3,107$2,181$1,513$436
30 years$5,740$4,115$2,894$2,002$1,367$374
31 years$5,495$3,890$2,698$1,839$1,236$320
32 years$5,265$3,681$2,517$1,690$1,118$275
33 years$5,050$3,486$2,350$1,554$1,012$235
34 years$4,848$3,304$2,196$1,430$916$202
35 years$4,658$3,134$2,053$1,316$830$173
36 years$4,479$2,974$1,921$1,212$752$149
37 years$4,310$2,825$1,798$1,117$681$127
38 years$4,150$2,685$1,683$1,029$618$109
39 years$3,999$2,553$1,577$949$560$94
40 years$3,855$2,429$1,478$875$508$80
41 years$3,719$2,312$1,386$808$461$69
42 years$3,590$2,202$1,300$745$418$59
43 years$3,467$2,098$1,220$688$380$51
44 years$3,351$2,000$1,145$635$345$44
45 years$3,239$1,907$1,075$587$313$37
46 years$3,133$1,819$1,010$542$284$32
47 years$3,032$1,736$949$501$258$28
48 years$2,935$1,657$892$463$234$24
49 years$2,842$1,583$838$428$213$20
50 years$2,753$1,512$788$395$193$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,820,000, adding $5,580 every year, while hoping to spend $30,817 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: 54/30/16 Blend
53$2,820,000$2,820,000$2,820,000$2,820,000
54$3,113,396$2,963,936$2,920,226$3,267,926
55$3,398,173$3,076,380$2,985,264$3,486,429
56$3,710,965$3,193,300$3,051,449$3,720,381
57$4,054,596$3,314,885$3,118,785$3,974,347
58$4,432,179$3,441,328$3,187,278$4,250,239
59$4,847,141$3,572,833$3,256,932$4,550,163
60$5,303,260$3,709,613$3,327,750$4,876,433
61$5,804,698$3,851,889$3,399,735$5,231,597
62$6,356,037$3,999,892$3,472,886$5,618,454
63$6,962,331$4,153,864$3,547,206$6,040,088
64$7,629,142$4,314,057$3,622,691$6,499,889
65$8,362,603$4,480,734$3,699,339$7,001,587
66$9,169,468$4,654,170$3,777,147$7,549,289
67$10,057,181$4,834,651$3,856,108$8,147,513
68$11,033,942$5,022,478$3,936,217$8,801,232
69$12,108,787$5,217,962$4,017,463$9,515,921
70$13,291,672$5,421,431$4,099,836$10,297,604
71$14,593,566$5,633,224$4,183,324$11,152,916
72$16,026,557$5,853,700$4,267,913$12,089,159
73$17,603,963$6,083,228$4,353,585$13,114,373
74$19,340,459$6,322,199$4,440,322$14,237,410
75$21,252,217$6,571,017$4,528,104$15,468,017
76$23,357,053$6,830,106$4,616,905$16,816,926
77$25,674,601$7,099,911$4,706,700$18,295,958
78$28,226,495$7,380,891$4,797,460$19,918,125
79$31,036,575$7,673,533$4,889,152$21,697,763
80$34,131,110$7,978,339$4,981,742$23,650,655
81$37,539,043$8,295,838$5,075,191$25,794,186
82$41,292,273$8,626,582$5,169,458$28,147,505
83$45,425,946$8,971,145$5,264,495$30,731,700
84$49,978,792$9,330,131$5,360,256$33,570,000
85$54,993,490$9,704,168$5,456,685$36,687,992
86$60,517,068$10,093,915$5,553,726$40,113,860
87$66,601,349$10,500,057$5,651,316$43,878,647
88$73,303,441$10,923,314$5,749,390$48,016,554
89$80,686,272$11,364,436$5,847,874$52,565,251
90$88,819,186$11,824,209$5,946,693$57,566,240
91$97,778,600$12,303,452$6,045,764$63,065,238
92$107,648,720$12,803,023$6,144,999$69,112,610
93$118,522,338$13,323,820$6,244,305$75,763,843
94$130,501,708$13,866,779$6,343,582$83,080,065
95$143,699,513$14,432,881$6,442,722$91,128,621
96$158,239,922$15,023,151$6,541,612$99,983,706
97$174,259,769$15,638,661$6,640,131$109,727,066
98$191,909,841$16,280,531$6,738,151$120,448,761
99$211,356,301$16,949,933$6,835,535$132,248,019
100$232,782,257$17,648,093$6,932,139$145,234,166