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%11.4%
1 years$232,873$230,799$228,775$226,800$224,871$223,547
2 years$115,284$113,137$111,056$109,038$107,081$105,746
3 years$76,092$73,936$71,860$69,862$67,937$66,631
4 years$56,501$54,351$52,296$50,332$48,453$47,187
5 years$44,748$42,612$40,584$38,659$36,833$35,611
6 years$36,916$34,796$32,798$30,916$29,145$27,967
7 years$31,324$29,221$27,255$25,418$23,703$22,571
8 years$27,132$25,048$23,114$21,323$19,664$18,577
9 years$23,873$21,809$19,909$18,162$16,560$15,518
10 years$21,267$19,223$17,357$15,656$14,110$13,113
11 years$19,137$17,113$15,281$13,625$12,135$11,182
12 years$17,363$15,360$13,561$11,951$10,516$9,607
13 years$15,863$13,881$12,116$10,551$9,170$8,303
14 years$14,578$12,618$10,886$9,366$8,038$7,213
15 years$13,466$11,526$9,829$8,353$7,078$6,293
16 years$12,494$10,575$8,911$7,479$6,255$5,510
17 years$11,637$9,739$8,109$6,720$5,546$4,839
18 years$10,876$9,000$7,402$6,056$4,931$4,261
19 years$10,196$8,341$6,777$5,472$4,396$3,760
20 years$9,584$7,751$6,219$4,956$3,926$3,325
21 years$9,032$7,219$5,720$4,498$3,513$2,946
22 years$8,530$6,739$5,272$4,090$3,149$2,613
23 years$8,073$6,303$4,868$3,725$2,827$2,322
24 years$7,655$5,905$4,502$3,397$2,541$2,065
25 years$7,270$5,542$4,170$3,102$2,287$1,838
26 years$6,916$5,209$3,867$2,837$2,060$1,638
27 years$6,589$4,902$3,591$2,596$1,857$1,461
28 years$6,285$4,619$3,338$2,379$1,676$1,304
29 years$6,003$4,357$3,107$2,181$1,513$1,164
30 years$5,740$4,115$2,894$2,002$1,367$1,040
31 years$5,495$3,890$2,698$1,839$1,236$930
32 years$5,265$3,681$2,517$1,690$1,118$832
33 years$5,050$3,486$2,350$1,554$1,012$744
34 years$4,848$3,304$2,196$1,430$916$666
35 years$4,658$3,134$2,053$1,316$830$596
36 years$4,479$2,974$1,921$1,212$752$534
37 years$4,310$2,825$1,798$1,117$681$478
38 years$4,150$2,685$1,683$1,029$618$428
39 years$3,999$2,553$1,577$949$560$384
40 years$3,855$2,429$1,478$875$508$344
41 years$3,719$2,312$1,386$808$461$308
42 years$3,590$2,202$1,300$745$418$277
43 years$3,467$2,098$1,220$688$380$248
44 years$3,351$2,000$1,145$635$345$222
45 years$3,239$1,907$1,075$587$313$199
46 years$3,133$1,819$1,010$542$284$179
47 years$3,032$1,736$949$501$258$160
48 years$2,935$1,657$892$463$234$144
49 years$2,842$1,583$838$428$213$129
50 years$2,753$1,512$788$395$193$116

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 $2,878 every year, while hoping to spend $56,061 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: 46/26/28 Blend
53$2,820,000$2,820,000$2,820,000$2,820,000
54$3,110,609$2,961,149$2,917,439$3,228,497
55$3,368,242$3,046,596$2,955,524$3,397,746
56$3,650,276$3,134,352$2,993,007$3,575,625
57$3,959,138$3,224,470$3,029,807$3,767,556
58$4,297,506$3,317,004$3,065,841$3,974,884
59$4,668,324$3,412,011$3,101,020$4,199,094
60$5,074,840$3,509,545$3,135,250$4,441,819
61$5,520,625$3,609,665$3,168,433$4,704,857
62$6,009,618$3,712,428$3,200,464$4,990,190
63$6,546,153$3,817,891$3,231,234$5,300,000
64$7,135,007$3,926,114$3,260,627$5,636,690
65$7,781,440$4,037,156$3,288,520$6,002,909
66$8,491,247$4,151,076$3,314,786$6,401,573
67$9,270,812$4,267,937$3,339,289$6,835,895
68$10,127,166$4,387,797$3,361,886$7,309,416
69$11,068,056$4,510,718$3,382,429$7,826,037
70$12,102,016$4,636,762$3,400,759$8,390,054
71$13,238,449$4,765,990$3,416,711$9,006,203
72$14,487,711$4,898,464$3,430,111$9,679,701
73$15,861,215$5,034,247$3,440,778$10,416,297
74$17,371,533$5,173,398$3,448,517$11,222,326
75$19,032,516$5,315,981$3,453,129$12,104,768
76$20,859,425$5,462,057$3,454,402$13,071,315
77$22,869,076$5,611,687$3,452,113$14,130,443
78$25,079,993$5,764,932$3,446,031$15,291,494
79$27,512,590$5,921,850$3,435,910$16,564,760
80$30,189,356$6,082,503$3,421,495$17,961,584
81$33,135,072$6,246,948$3,402,517$19,494,467
82$36,377,043$6,415,242$3,378,696$21,177,185
83$39,945,355$6,587,442$3,349,735$23,024,918
84$43,873,156$6,763,602$3,315,326$25,054,397
85$48,196,975$6,943,775$3,275,146$27,284,060
86$52,957,059$7,128,013$3,228,856$29,734,224
87$58,197,757$7,316,364$3,176,101$32,427,282
88$63,967,938$7,508,875$3,116,510$35,387,913
89$70,321,448$7,705,590$3,049,693$38,643,312
90$77,317,623$7,906,551$2,975,245$42,223,452
91$85,021,844$8,111,796$2,892,740$46,161,363
92$93,506,157$8,321,359$2,801,732$50,493,447
93$102,849,951$8,535,272$2,701,756$55,259,824
94$113,140,706$8,753,560$2,592,325$60,504,704
95$124,474,820$8,976,246$2,472,930$66,276,812
96$136,958,518$9,203,348$2,343,038$72,629,849
97$150,708,851$9,434,877$2,202,094$79,622,991
98$165,854,806$9,670,838$2,049,517$87,321,459
99$182,538,518$9,911,231$1,884,698$95,797,128
100$200,916,615$10,156,049$1,707,003$105,129,211