Can I retire at age 54 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$235,350$233,254$231,209$229,212$227,263$218,591
2 years$116,510$114,340$112,237$110,198$108,220$99,586
3 years$76,902$74,723$72,625$70,605$68,660$60,334
4 years$57,102$54,929$52,852$50,867$48,969$41,015
5 years$45,225$43,065$41,016$39,071$37,225$29,665
6 years$37,309$35,166$33,147$31,245$29,455$22,292
7 years$31,657$29,532$27,545$25,688$23,955$17,188
8 years$27,421$25,315$23,360$21,549$19,873$13,495
9 years$24,127$22,041$20,120$18,355$16,736$10,738
10 years$21,494$19,428$17,541$15,822$14,260$8,631
11 years$19,341$17,296$15,443$13,770$12,264$6,992
12 years$17,548$15,524$13,705$12,078$10,628$5,698
13 years$16,032$14,029$12,245$10,663$9,267$4,667
14 years$14,733$12,752$11,002$9,466$8,124$3,837
15 years$13,609$11,649$9,933$8,442$7,153$3,164
16 years$12,627$10,688$9,006$7,559$6,322$2,616
17 years$11,760$9,843$8,195$6,791$5,605$2,167
18 years$10,991$9,095$7,481$6,120$4,984$1,799
19 years$10,304$8,429$6,849$5,530$4,442$1,495
20 years$9,686$7,833$6,285$5,009$3,968$1,244
21 years$9,128$7,296$5,781$4,546$3,551$1,036
22 years$8,621$6,811$5,328$4,133$3,183$864
23 years$8,159$6,370$4,920$3,764$2,857$720
24 years$7,736$5,968$4,550$3,433$2,568$601
25 years$7,348$5,601$4,214$3,135$2,311$502
26 years$6,990$5,264$3,908$2,867$2,082$419
27 years$6,659$4,954$3,629$2,624$1,877$350
28 years$6,352$4,668$3,374$2,404$1,693$293
29 years$6,067$4,404$3,140$2,205$1,529$245
30 years$5,801$4,159$2,925$2,023$1,382$205
31 years$5,553$3,932$2,726$1,858$1,249$171
32 years$5,321$3,720$2,544$1,708$1,130$143
33 years$5,104$3,523$2,375$1,570$1,023$120
34 years$4,900$3,339$2,219$1,445$926$100
35 years$4,708$3,167$2,075$1,330$839$84
36 years$4,526$3,006$1,941$1,225$760$70
37 years$4,356$2,855$1,817$1,129$689$59
38 years$4,194$2,713$1,701$1,040$624$49
39 years$4,041$2,580$1,594$959$566$41
40 years$3,896$2,455$1,494$885$513$34
41 years$3,759$2,337$1,401$816$466$29
42 years$3,628$2,225$1,314$753$423$24
43 years$3,504$2,120$1,233$695$384$20
44 years$3,386$2,021$1,157$642$348$17
45 years$3,274$1,927$1,087$593$316$14
46 years$3,166$1,839$1,021$548$287$12
47 years$3,064$1,755$959$506$261$10
48 years$2,966$1,675$901$468$237$8
49 years$2,872$1,599$847$432$215$7
50 years$2,783$1,528$796$399$195$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,850,000, adding $3,193 every year, while hoping to spend $31,512 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: 65/13/22 Blend
53$2,850,000$2,850,000$2,850,000$2,850,000
54$3,143,994$2,992,944$2,948,769$3,330,388
55$3,431,152$3,106,069$3,014,024$3,569,291
56$3,746,545$3,223,682$3,080,409$3,826,425
57$4,093,019$3,345,968$3,147,929$4,106,719
58$4,473,709$3,473,123$3,216,586$4,412,448
59$4,892,070$3,605,349$3,286,385$4,746,115
60$5,351,909$3,742,859$3,357,326$5,110,475
61$5,857,418$3,885,873$3,429,411$5,508,562
62$6,413,216$4,034,622$3,502,638$5,943,717
63$7,024,394$4,189,349$3,577,006$6,419,618
64$7,696,558$4,350,303$3,652,512$6,940,315
65$8,435,887$4,517,748$3,729,151$7,510,268
66$9,249,187$4,691,957$3,806,917$8,134,389
67$10,143,959$4,873,217$3,885,803$8,818,087
68$11,128,464$5,061,827$3,965,800$9,567,320
69$12,211,809$5,258,097$4,046,895$10,388,651
70$13,404,024$5,462,355$4,129,077$11,289,305
71$14,716,164$5,674,940$4,212,330$12,277,245
72$16,160,407$5,896,206$4,296,638$13,361,238
73$17,750,174$6,126,525$4,381,980$14,550,944
74$19,500,250$6,366,284$4,468,336$15,857,003
75$21,426,931$6,615,887$4,555,680$17,291,135
76$23,548,170$6,875,757$4,643,987$18,866,252
77$25,883,749$7,146,335$4,733,226$20,596,578
78$28,455,468$7,428,082$4,823,366$22,497,784
79$31,287,346$7,721,479$4,914,369$24,587,134
80$34,405,853$8,027,029$5,006,198$26,883,645
81$37,840,155$8,345,258$5,098,810$29,408,273
82$41,622,389$8,676,714$5,192,159$32,184,102
83$45,787,972$9,021,972$5,286,196$35,236,568
84$50,375,927$9,381,631$5,380,865$38,593,694
85$55,429,257$9,756,316$5,476,110$42,286,354
86$60,995,350$10,146,684$5,571,868$46,348,567
87$67,126,421$10,553,417$5,668,071$50,817,814
88$73,880,012$10,977,231$5,764,647$55,735,393
89$81,319,530$11,418,872$5,861,520$61,146,808
90$89,514,848$11,879,122$5,958,607$67,102,196
91$98,542,961$12,358,798$6,055,818$73,656,800
92$108,488,716$12,858,752$6,153,061$80,871,491
93$119,445,610$13,379,876$6,250,234$88,813,341
94$131,516,676$13,923,103$6,347,230$97,556,254
95$144,815,450$14,489,408$6,443,936$107,181,664
96$159,467,047$15,079,811$6,540,229$117,779,303
97$175,609,341$15,695,377$6,635,982$129,448,045
98$193,394,263$16,337,220$6,731,056$142,296,841
99$212,989,240$17,006,505$6,825,309$156,445,744
100$234,578,770$17,704,451$6,918,584$172,027,043