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%17.7%
1 years$232,873$230,799$228,775$226,800$224,871$217,847
2 years$115,284$113,137$111,056$109,038$107,081$100,068
3 years$76,092$73,936$71,860$69,862$67,937$61,153
4 years$56,501$54,351$52,296$50,332$48,453$41,951
5 years$44,748$42,612$40,584$38,659$36,833$30,631
6 years$36,916$34,796$32,798$30,916$29,145$23,247
7 years$31,324$29,221$27,255$25,418$23,703$18,109
8 years$27,132$25,048$23,114$21,323$19,664$14,371
9 years$23,873$21,809$19,909$18,162$16,560$11,562
10 years$21,267$19,223$17,357$15,656$14,110$9,399
11 years$19,137$17,113$15,281$13,625$12,135$7,703
12 years$17,363$15,360$13,561$11,951$10,516$6,354
13 years$15,863$13,881$12,116$10,551$9,170$5,268
14 years$14,578$12,618$10,886$9,366$8,038$4,386
15 years$13,466$11,526$9,829$8,353$7,078$3,663
16 years$12,494$10,575$8,911$7,479$6,255$3,069
17 years$11,637$9,739$8,109$6,720$5,546$2,576
18 years$10,876$9,000$7,402$6,056$4,931$2,167
19 years$10,196$8,341$6,777$5,472$4,396$1,826
20 years$9,584$7,751$6,219$4,956$3,926$1,540
21 years$9,032$7,219$5,720$4,498$3,513$1,301
22 years$8,530$6,739$5,272$4,090$3,149$1,100
23 years$8,073$6,303$4,868$3,725$2,827$930
24 years$7,655$5,905$4,502$3,397$2,541$788
25 years$7,270$5,542$4,170$3,102$2,287$667
26 years$6,916$5,209$3,867$2,837$2,060$565
27 years$6,589$4,902$3,591$2,596$1,857$479
28 years$6,285$4,619$3,338$2,379$1,676$406
29 years$6,003$4,357$3,107$2,181$1,513$345
30 years$5,740$4,115$2,894$2,002$1,367$292
31 years$5,495$3,890$2,698$1,839$1,236$248
32 years$5,265$3,681$2,517$1,690$1,118$211
33 years$5,050$3,486$2,350$1,554$1,012$179
34 years$4,848$3,304$2,196$1,430$916$152
35 years$4,658$3,134$2,053$1,316$830$129
36 years$4,479$2,974$1,921$1,212$752$109
37 years$4,310$2,825$1,798$1,117$681$93
38 years$4,150$2,685$1,683$1,029$618$79
39 years$3,999$2,553$1,577$949$560$67
40 years$3,855$2,429$1,478$875$508$57
41 years$3,719$2,312$1,386$808$461$48
42 years$3,590$2,202$1,300$745$418$41
43 years$3,467$2,098$1,220$688$380$35
44 years$3,351$2,000$1,145$635$345$30
45 years$3,239$1,907$1,075$587$313$25
46 years$3,133$1,819$1,010$542$284$21
47 years$3,032$1,736$949$501$258$18
48 years$2,935$1,657$892$463$234$15
49 years$2,842$1,583$838$428$213$13
50 years$2,753$1,512$788$395$193$11

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 $5,574 every year, while hoping to spend $50,852 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: 80/14/6 Blend
53$2,820,000$2,820,000$2,820,000$2,820,000
54$3,113,390$2,963,930$2,920,220$3,360,610
55$3,376,849$3,055,056$2,963,941$3,614,385
56$3,665,477$3,148,943$3,007,422$3,885,478
57$3,981,788$3,245,673$3,050,602$4,181,379
58$4,328,548$3,345,329$3,093,416$4,504,538
59$4,708,807$3,447,998$3,135,793$4,857,650
60$5,125,924$3,553,768$3,177,660$5,243,684
61$5,583,596$3,662,730$3,218,939$5,665,909
62$6,085,898$3,774,979$3,259,549$6,127,927
63$6,637,317$3,890,610$3,299,401$6,633,703
64$7,242,796$4,009,723$3,338,404$7,187,602
65$7,907,781$4,132,420$3,376,461$7,794,436
66$8,638,271$4,258,804$3,413,468$8,459,502
67$9,440,873$4,388,984$3,449,318$9,188,634
68$10,322,868$4,523,070$3,483,896$9,988,260
69$11,292,275$4,661,176$3,517,081$10,865,461
70$12,357,932$4,803,417$3,548,748$11,828,035
71$13,529,571$4,949,915$3,578,761$12,884,573
72$14,817,918$5,100,792$3,606,980$14,044,541
73$16,234,789$5,256,174$3,633,257$15,318,364
74$17,793,202$5,416,191$3,657,436$16,717,530
75$19,507,501$5,580,977$3,679,352$18,254,693
76$21,393,489$5,750,668$3,698,834$19,943,796
77$23,468,579$5,925,405$3,715,699$21,800,199
78$25,751,956$6,105,332$3,729,757$23,840,825
79$28,264,760$6,290,597$3,740,808$26,084,321
80$31,030,282$6,481,353$3,748,642$28,551,230
81$34,074,186$6,677,755$3,753,037$31,264,187
82$37,424,752$6,879,963$3,753,762$34,248,132
83$41,113,137$7,088,142$3,750,574$37,530,544
84$45,173,676$7,302,460$3,743,217$41,141,702
85$49,644,201$7,523,090$3,731,425$45,114,966
86$54,566,398$7,750,210$3,714,915$49,487,096
87$59,986,201$7,984,001$3,693,396$54,298,598
88$65,954,226$8,224,649$3,666,557$59,594,102
89$72,526,246$8,472,347$3,634,076$65,422,788
90$79,763,721$8,727,289$3,595,615$71,838,844
91$87,734,371$8,989,677$3,550,819$78,901,982
92$96,512,823$9,259,717$3,499,317$86,678,000
93$106,181,307$9,537,620$3,440,721$95,239,401
94$116,830,438$9,823,601$3,374,623$104,666,077
95$128,560,068$10,117,882$3,300,598$115,046,063
96$141,480,227$10,420,691$3,218,200$126,476,369
97$155,712,164$10,732,258$3,126,963$139,063,894
98$171,389,488$11,052,822$3,026,400$152,926,432
99$188,659,432$11,382,627$2,916,001$168,193,789
100$207,684,239$11,721,921$2,795,232$185,009,003