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

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$235,350$233,254$231,209$229,212$227,263$221,679
2 years$116,510$114,340$112,237$110,198$108,220$102,629
3 years$76,902$74,723$72,625$70,605$68,660$63,236
4 years$57,102$54,929$52,852$50,867$48,969$43,754
5 years$45,225$43,065$41,016$39,071$37,225$32,234
6 years$37,309$35,166$33,147$31,245$29,455$24,693
7 years$31,657$29,532$27,545$25,688$23,955$19,422
8 years$27,421$25,315$23,360$21,549$19,873$15,567
9 years$24,127$22,041$20,120$18,355$16,736$12,654
10 years$21,494$19,428$17,541$15,822$14,260$10,397
11 years$19,341$17,296$15,443$13,770$12,264$8,615
12 years$17,548$15,524$13,705$12,078$10,628$7,186
13 years$16,032$14,029$12,245$10,663$9,267$6,026
14 years$14,733$12,752$11,002$9,466$8,124$5,076
15 years$13,609$11,649$9,933$8,442$7,153$4,291
16 years$12,627$10,688$9,006$7,559$6,322$3,639
17 years$11,760$9,843$8,195$6,791$5,605$3,093
18 years$10,991$9,095$7,481$6,120$4,984$2,635
19 years$10,304$8,429$6,849$5,530$4,442$2,248
20 years$9,686$7,833$6,285$5,009$3,968$1,921
21 years$9,128$7,296$5,781$4,546$3,551$1,644
22 years$8,621$6,811$5,328$4,133$3,183$1,408
23 years$8,159$6,370$4,920$3,764$2,857$1,207
24 years$7,736$5,968$4,550$3,433$2,568$1,036
25 years$7,348$5,601$4,214$3,135$2,311$890
26 years$6,990$5,264$3,908$2,867$2,082$764
27 years$6,659$4,954$3,629$2,624$1,877$657
28 years$6,352$4,668$3,374$2,404$1,693$565
29 years$6,067$4,404$3,140$2,205$1,529$486
30 years$5,801$4,159$2,925$2,023$1,382$418
31 years$5,553$3,932$2,726$1,858$1,249$360
32 years$5,321$3,720$2,544$1,708$1,130$310
33 years$5,104$3,523$2,375$1,570$1,023$267
34 years$4,900$3,339$2,219$1,445$926$230
35 years$4,708$3,167$2,075$1,330$839$198
36 years$4,526$3,006$1,941$1,225$760$170
37 years$4,356$2,855$1,817$1,129$689$147
38 years$4,194$2,713$1,701$1,040$624$126
39 years$4,041$2,580$1,594$959$566$109
40 years$3,896$2,455$1,494$885$513$94
41 years$3,759$2,337$1,401$816$466$81
42 years$3,628$2,225$1,314$753$423$70
43 years$3,504$2,120$1,233$695$384$60
44 years$3,386$2,021$1,157$642$348$52
45 years$3,274$1,927$1,087$593$316$45
46 years$3,166$1,839$1,021$548$287$38
47 years$3,064$1,755$959$506$261$33
48 years$2,966$1,675$901$468$237$29
49 years$2,872$1,599$847$432$215$25
50 years$2,783$1,528$796$399$195$21

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 $4,516 every year, while hoping to spend $25,334 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: 54/41/5 Blend
53$2,850,000$2,850,000$2,850,000$2,850,000
54$3,145,358$2,994,308$2,950,133$3,311,652
55$3,439,230$3,114,074$3,022,008$3,544,183
56$3,762,227$3,238,860$3,095,441$3,793,921
57$4,117,294$3,368,884$3,170,458$4,065,080
58$4,507,674$3,504,375$3,247,084$4,359,690
59$4,936,942$3,645,574$3,325,346$4,679,982
60$5,409,033$3,792,731$3,405,269$5,028,409
61$5,928,286$3,946,106$3,486,877$5,407,665
62$6,499,481$4,105,975$3,570,197$5,820,713
63$7,127,882$4,272,622$3,655,252$6,270,812
64$7,819,292$4,446,346$3,742,069$6,761,543
65$8,580,103$4,627,461$3,830,672$7,296,847
66$9,417,359$4,816,292$3,921,085$7,881,056
67$10,338,821$5,013,181$4,013,333$8,518,939
68$11,353,040$5,218,487$4,107,439$9,215,738
69$12,469,439$5,432,581$4,203,427$9,977,222
70$13,698,399$5,655,856$4,301,320$10,809,739
71$15,051,362$5,888,718$4,401,140$11,720,274
72$16,540,932$6,131,597$4,502,909$12,716,514
73$18,181,000$6,384,938$4,606,649$13,806,916
74$19,986,871$6,649,208$4,712,381$15,000,791
75$21,975,410$6,924,898$4,820,124$16,308,388
76$24,165,201$7,212,517$4,929,897$17,740,985
77$26,576,722$7,512,601$5,041,720$19,310,999
78$29,232,538$7,825,710$5,155,608$21,032,102
79$32,157,516$8,152,428$5,271,579$22,919,341
80$35,379,053$8,493,367$5,389,648$24,989,287
81$38,927,343$8,849,169$5,509,828$27,260,182
82$42,835,658$9,220,504$5,632,133$29,752,116
83$47,140,658$9,608,072$5,756,573$32,487,206
84$51,882,746$10,012,608$5,883,158$35,489,811
85$57,106,439$10,434,879$6,011,897$38,786,754
86$62,860,796$10,875,688$6,142,796$42,407,574
87$69,199,876$11,335,876$6,275,859$46,384,803
88$76,183,252$11,816,323$6,411,088$50,754,269
89$83,876,570$12,317,948$6,548,486$55,555,434
90$92,352,169$12,841,716$6,688,049$60,831,760
91$101,689,764$13,388,635$6,829,773$66,631,118
92$111,977,201$13,959,759$6,973,651$73,006,235
93$123,311,282$14,556,194$7,119,675$80,015,191
94$135,798,680$15,179,094$7,267,831$87,721,963
95$149,556,946$15,829,671$7,418,104$96,197,023
96$164,715,620$16,509,190$7,570,476$105,518,000
97$181,417,450$17,218,977$7,724,924$115,770,412
98$199,819,743$17,960,420$7,881,422$127,048,463
99$220,095,848$18,734,972$8,039,941$139,455,933
100$242,436,793$19,544,153$8,200,447$153,107,153