Can I retire at age 54 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$236,176$234,072$232,020$230,017$228,060$222,909
2 years$116,919$114,741$112,631$110,585$108,600$103,438
3 years$77,172$74,985$72,880$70,853$68,900$63,889
4 years$57,302$55,122$53,038$51,045$49,140$44,318
5 years$45,383$43,216$41,159$39,208$37,356$32,735
6 years$37,440$35,289$33,263$31,355$29,558$25,145
7 years$31,769$29,636$27,642$25,779$24,039$19,834
8 years$27,517$25,403$23,442$21,625$19,943$15,944
9 years$24,212$22,118$20,191$18,420$16,794$12,999
10 years$21,569$19,496$17,603$15,878$14,310$10,714
11 years$19,408$17,356$15,497$13,819$12,307$8,905
12 years$17,609$15,578$13,753$12,121$10,665$7,452
13 years$16,088$14,078$12,288$10,701$9,300$6,271
14 years$14,785$12,796$11,041$9,499$8,152$5,300
15 years$13,657$11,690$9,968$8,471$7,178$4,496
16 years$12,671$10,725$9,038$7,585$6,344$3,826
17 years$11,802$9,878$8,224$6,815$5,625$3,264
18 years$11,030$9,127$7,507$6,142$5,001$2,791
19 years$10,340$8,459$6,873$5,550$4,458$2,390
20 years$9,720$7,861$6,307$5,026$3,982$2,050
21 years$9,160$7,322$5,802$4,562$3,563$1,761
22 years$8,651$6,835$5,347$4,148$3,194$1,515
23 years$8,188$6,392$4,937$3,777$2,867$1,304
24 years$7,763$5,989$4,566$3,445$2,577$1,123
25 years$7,374$5,621$4,229$3,146$2,319$968
26 years$7,014$5,282$3,922$2,877$2,089$835
27 years$6,682$4,971$3,642$2,633$1,883$721
28 years$6,374$4,684$3,386$2,413$1,699$622
29 years$6,088$4,419$3,151$2,212$1,534$537
30 years$5,822$4,174$2,935$2,030$1,386$464
31 years$5,573$3,945$2,736$1,865$1,253$401
32 years$5,340$3,733$2,553$1,714$1,134$347
33 years$5,122$3,535$2,384$1,576$1,026$300
34 years$4,917$3,351$2,227$1,450$929$259
35 years$4,724$3,178$2,082$1,335$841$224
36 years$4,542$3,016$1,948$1,229$762$194
37 years$4,371$2,865$1,823$1,133$691$168
38 years$4,209$2,723$1,707$1,044$626$145
39 years$4,055$2,589$1,599$963$568$126
40 years$3,910$2,463$1,499$888$515$109
41 years$3,772$2,345$1,406$819$467$94
42 years$3,641$2,233$1,319$756$424$81
43 years$3,517$2,128$1,237$698$385$71
44 years$3,398$2,028$1,162$644$349$61
45 years$3,285$1,934$1,091$595$317$53
46 years$3,177$1,845$1,024$550$288$46
47 years$3,075$1,761$962$508$262$40
48 years$2,976$1,681$904$469$238$34
49 years$2,882$1,605$850$434$216$30
50 years$2,792$1,533$799$401$196$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,860,000, adding $5,075 every year, while hoping to spend $57,812 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: 44/42/14 Blend
53$2,860,000$2,860,000$2,860,000$2,860,000
54$3,156,955$3,005,375$2,961,045$3,282,919
55$3,417,453$3,091,127$2,998,728$3,457,144
56$3,702,584$3,179,143$3,035,737$3,639,667
57$4,014,800$3,269,473$3,071,986$3,836,237
58$4,356,800$3,362,168$3,107,388$4,048,173
59$4,731,557$3,457,278$3,141,850$4,276,924
60$5,142,347$3,554,855$3,175,272$4,524,088
61$5,592,774$3,654,951$3,207,552$4,791,421
62$6,086,811$3,757,618$3,238,579$5,080,855
63$6,628,832$3,862,908$3,268,238$5,394,519
64$7,223,657$3,970,873$3,296,407$5,734,755
65$7,876,591$4,081,568$3,322,959$6,104,142
66$8,593,483$4,195,045$3,347,757$6,505,517
67$9,380,773$4,311,356$3,370,662$6,942,008
68$10,245,555$4,430,556$3,391,522$7,417,056
69$11,195,645$4,552,696$3,410,181$7,934,451
70$12,239,653$4,677,830$3,426,474$8,498,369
71$13,387,064$4,806,011$3,440,228$9,113,406
72$14,648,329$4,937,290$3,451,260$9,784,626
73$16,034,960$5,071,718$3,459,378$10,517,607
74$17,559,641$5,209,348$3,464,383$11,318,493
75$19,236,347$5,350,228$3,466,062$12,194,051
76$21,080,474$5,494,409$3,464,195$13,151,737
77$23,108,985$5,641,938$3,458,548$14,199,764
78$25,340,571$5,792,862$3,448,879$15,347,180
79$27,795,825$5,947,228$3,434,932$16,603,953
80$30,497,435$6,105,079$3,416,439$17,981,066
81$33,470,403$6,266,457$3,393,119$19,490,620
82$36,742,274$6,431,403$3,364,678$21,145,946
83$40,343,399$6,599,955$3,330,808$22,961,733
84$44,307,222$6,772,149$3,291,186$24,954,167
85$48,670,591$6,948,017$3,245,473$27,141,082
86$53,474,111$7,127,589$3,193,316$29,542,127
87$58,762,522$7,310,893$3,134,345$32,178,955
88$64,585,124$7,497,951$3,068,170$35,075,424
89$70,996,240$7,688,784$2,994,386$38,257,825
90$78,055,727$7,883,405$2,912,569$41,755,127
91$85,829,545$8,081,826$2,822,274$45,599,254
92$94,390,374$8,284,051$2,723,036$49,825,382
93$103,818,304$8,490,081$2,614,369$54,472,274
94$114,201,586$8,699,910$2,495,766$59,582,648
95$125,637,469$8,913,526$2,366,694$65,203,574
96$138,233,111$9,130,910$2,226,600$71,386,924
97$152,106,599$9,352,036$2,074,901$78,189,859
98$167,388,055$9,576,868$1,910,993$85,675,372
99$184,220,866$9,805,364$1,734,241$93,912,878
100$202,763,040$10,037,472$1,543,984$102,978,874