Can I retire at age 54 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$233,699$231,617$229,586$227,604$225,668$222,941
2 years$115,692$113,538$111,450$109,425$107,461$104,716
3 years$76,362$74,198$72,115$70,110$68,178$65,501
4 years$56,701$54,544$52,481$50,510$48,625$46,036
5 years$44,907$42,763$40,728$38,797$36,964$34,471
6 years$37,047$34,919$32,914$31,026$29,248$26,855
7 years$31,435$29,325$27,352$25,508$23,787$21,493
8 years$27,228$25,137$23,196$21,398$19,733$17,540
9 years$23,958$21,886$19,979$18,226$16,618$14,523
10 years$21,343$19,292$17,418$15,711$14,160$12,162
11 years$19,205$17,174$15,335$13,674$12,178$10,276
12 years$17,424$15,415$13,609$11,994$10,553$8,745
13 years$15,919$13,930$12,159$10,589$9,202$7,486
14 years$14,630$12,662$10,925$9,399$8,067$6,439
15 years$13,514$11,567$9,864$8,383$7,103$5,561
16 years$12,538$10,613$8,943$7,506$6,277$4,819
17 years$11,678$9,774$8,138$6,744$5,566$4,188
18 years$10,914$9,032$7,429$6,077$4,949$3,649
19 years$10,232$8,370$6,801$5,492$4,411$3,186
20 years$9,618$7,778$6,241$4,974$3,940$2,787
21 years$9,064$7,245$5,741$4,514$3,526$2,441
22 years$8,561$6,763$5,291$4,104$3,160$2,141
23 years$8,102$6,325$4,885$3,738$2,837$1,881
24 years$7,682$5,926$4,518$3,409$2,550$1,653
25 years$7,296$5,562$4,185$3,113$2,295$1,455
26 years$6,941$5,227$3,881$2,847$2,067$1,281
27 years$6,612$4,919$3,604$2,606$1,863$1,129
28 years$6,307$4,635$3,350$2,387$1,681$996
29 years$6,024$4,373$3,118$2,189$1,518$878
30 years$5,761$4,130$2,904$2,009$1,372$775
31 years$5,514$3,904$2,707$1,845$1,240$685
32 years$5,284$3,694$2,526$1,696$1,122$605
33 years$5,068$3,498$2,359$1,559$1,015$534
34 years$4,865$3,316$2,204$1,435$919$472
35 years$4,674$3,145$2,060$1,321$833$418
36 years$4,495$2,985$1,927$1,216$754$369
37 years$4,325$2,835$1,804$1,121$684$327
38 years$4,165$2,694$1,689$1,033$620$289
39 years$4,013$2,562$1,583$953$562$256
40 years$3,869$2,437$1,483$879$510$226
41 years$3,733$2,320$1,391$811$463$200
42 years$3,603$2,210$1,305$748$420$177
43 years$3,480$2,105$1,224$691$381$157
44 years$3,362$2,007$1,149$638$346$139
45 years$3,251$1,914$1,079$589$314$123
46 years$3,144$1,826$1,014$544$285$109
47 years$3,042$1,742$952$503$259$96
48 years$2,945$1,663$895$464$235$85
49 years$2,852$1,588$841$429$213$75
50 years$2,763$1,517$791$397$194$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,830,000, adding $2,071 every year, while hoping to spend $20,567 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: 46/40/14 Blend
53$2,830,000$2,830,000$2,830,000$2,830,000
54$3,120,796$2,970,806$2,926,941$3,251,891
55$3,417,234$3,094,493$3,003,111$3,466,792
56$3,743,220$3,223,550$3,081,142$3,697,533
57$4,101,745$3,358,221$3,161,077$3,947,400
58$4,496,106$3,498,757$3,242,956$4,218,178
59$4,929,935$3,645,422$3,326,822$4,511,824
60$5,407,235$3,798,494$3,412,717$4,830,489
61$5,932,414$3,958,262$3,500,684$5,176,537
62$6,510,331$4,125,027$3,590,768$5,552,563
63$7,146,339$4,299,108$3,683,013$5,961,420
64$7,846,337$4,480,836$3,777,465$6,406,245
65$8,616,823$4,670,556$3,874,170$6,890,484
66$9,464,959$4,868,634$3,973,174$7,417,926
67$10,398,635$5,075,447$4,074,526$7,992,738
68$11,426,546$5,291,394$4,178,273$8,619,500
69$12,558,272$5,516,891$4,284,463$9,303,251
70$13,804,370$5,752,373$4,393,147$10,049,533
71$15,176,473$5,998,296$4,504,375$10,864,440
72$16,687,398$6,255,137$4,618,196$11,754,678
73$18,351,269$6,523,395$4,734,662$12,727,623
74$20,183,650$6,803,594$4,853,825$13,791,393
75$22,201,692$7,096,279$4,975,738$14,954,917
76$24,424,292$7,402,024$5,100,453$16,228,025
77$26,872,276$7,721,429$5,228,023$17,621,531
78$29,568,589$8,055,121$5,358,504$19,147,340
79$32,538,521$8,403,757$5,491,949$20,818,554
80$35,809,934$8,768,025$5,628,413$22,649,593
81$39,413,534$9,148,645$5,767,952$24,656,335
82$43,383,158$9,546,372$5,910,622$26,856,256
83$47,756,091$9,961,995$6,056,478$29,268,596
84$52,573,420$10,396,341$6,205,578$31,914,538
85$57,880,423$10,850,275$6,357,979$34,817,406
86$63,726,991$11,324,705$6,513,737$38,002,881
87$70,168,107$11,820,578$6,672,910$41,499,239
88$77,264,358$12,338,890$6,835,556$45,337,619
89$85,082,507$12,880,680$7,001,732$49,552,312
90$93,696,129$13,447,040$7,171,496$54,181,078
91$103,186,300$14,039,110$7,344,907$59,265,504
92$113,642,362$14,658,087$7,522,021$64,851,390
93$125,162,772$15,305,221$7,702,897$70,989,179
94$137,856,023$15,981,826$7,887,593$77,734,428
95$151,841,675$16,689,273$8,076,165$85,148,329
96$167,251,480$17,429,002$8,268,671$93,298,281
97$184,230,627$18,202,519$8,465,167$102,258,524
98$202,939,112$19,011,403$8,665,711$112,110,834
99$223,553,245$19,857,306$8,870,356$122,945,288
100$246,267,323$20,741,960$9,079,160$134,861,113