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%19.2%
1 years$236,176$234,072$232,020$230,017$228,060$219,619
2 years$116,919$114,741$112,631$110,585$108,600$100,191
3 years$77,172$74,985$72,880$70,853$68,900$60,788
4 years$57,302$55,122$53,038$51,045$49,140$41,387
5 years$45,383$43,216$41,159$39,208$37,356$29,981
6 years$37,440$35,289$33,263$31,355$29,558$22,567
7 years$31,769$29,636$27,642$25,779$24,039$17,430
8 years$27,517$25,403$23,442$21,625$19,943$13,709
9 years$24,212$22,118$20,191$18,420$16,794$10,929
10 years$21,569$19,496$17,603$15,878$14,310$8,801
11 years$19,408$17,356$15,497$13,819$12,307$7,143
12 years$17,609$15,578$13,753$12,121$10,665$5,834
13 years$16,088$14,078$12,288$10,701$9,300$4,787
14 years$14,785$12,796$11,041$9,499$8,152$3,944
15 years$13,657$11,690$9,968$8,471$7,178$3,260
16 years$12,671$10,725$9,038$7,585$6,344$2,701
17 years$11,802$9,878$8,224$6,815$5,625$2,243
18 years$11,030$9,127$7,507$6,142$5,001$1,866
19 years$10,340$8,459$6,873$5,550$4,458$1,554
20 years$9,720$7,861$6,307$5,026$3,982$1,296
21 years$9,160$7,322$5,802$4,562$3,563$1,082
22 years$8,651$6,835$5,347$4,148$3,194$904
23 years$8,188$6,392$4,937$3,777$2,867$756
24 years$7,763$5,989$4,566$3,445$2,577$632
25 years$7,374$5,621$4,229$3,146$2,319$529
26 years$7,014$5,282$3,922$2,877$2,089$443
27 years$6,682$4,971$3,642$2,633$1,883$371
28 years$6,374$4,684$3,386$2,413$1,699$311
29 years$6,088$4,419$3,151$2,212$1,534$260
30 years$5,822$4,174$2,935$2,030$1,386$218
31 years$5,573$3,945$2,736$1,865$1,253$183
32 years$5,340$3,733$2,553$1,714$1,134$153
33 years$5,122$3,535$2,384$1,576$1,026$129
34 years$4,917$3,351$2,227$1,450$929$108
35 years$4,724$3,178$2,082$1,335$841$90
36 years$4,542$3,016$1,948$1,229$762$76
37 years$4,371$2,865$1,823$1,133$691$64
38 years$4,209$2,723$1,707$1,044$626$53
39 years$4,055$2,589$1,599$963$568$45
40 years$3,910$2,463$1,499$888$515$38
41 years$3,772$2,345$1,406$819$467$31
42 years$3,641$2,233$1,319$756$424$26
43 years$3,517$2,128$1,237$698$385$22
44 years$3,398$2,028$1,162$644$349$19
45 years$3,285$1,934$1,091$595$317$16
46 years$3,177$1,845$1,024$550$288$13
47 years$3,075$1,761$962$508$262$11
48 years$2,976$1,681$904$469$238$9
49 years$2,882$1,605$850$434$216$8
50 years$2,792$1,533$799$401$196$6

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 $6,737 every year, while hoping to spend $49,392 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: 45/25/30 Blend
53$2,860,000$2,860,000$2,860,000$2,860,000
54$3,158,669$3,007,089$2,962,759$3,273,123
55$3,428,301$3,101,884$3,009,459$3,450,230
56$3,723,779$3,199,668$3,056,068$3,636,966
57$4,047,689$3,300,536$3,102,530$3,838,568
58$4,402,876$3,404,585$3,148,788$4,056,454
59$4,792,476$3,511,916$3,194,779$4,292,187
60$5,219,941$3,622,632$3,240,436$4,547,486
61$5,689,074$3,736,840$3,285,689$4,824,243
62$6,204,064$3,854,650$3,330,465$5,124,541
63$6,769,527$3,976,177$3,374,684$5,450,675
64$7,390,545$4,101,536$3,418,262$5,805,170
65$8,072,719$4,230,849$3,461,112$6,190,807
66$8,822,217$4,364,242$3,503,141$6,610,650
67$9,645,836$4,501,842$3,544,248$7,068,073
68$10,551,062$4,643,783$3,584,331$7,566,790
69$11,546,144$4,790,202$3,623,280$8,110,894
70$12,640,168$4,941,239$3,660,977$8,704,892
71$13,843,147$5,097,042$3,697,302$9,353,751
72$15,166,110$5,257,759$3,732,124$10,062,939
73$16,621,212$5,423,548$3,765,308$10,838,482
74$18,221,840$5,594,567$3,796,711$11,687,017
75$19,982,749$5,770,981$3,826,182$12,615,857
76$21,920,192$5,952,962$3,853,561$13,633,059
77$24,052,079$6,140,685$3,878,683$14,747,497
78$26,398,144$6,334,331$3,901,372$15,968,952
79$28,980,128$6,534,087$3,921,442$17,308,198
80$31,821,991$6,740,147$3,938,699$18,777,105
81$34,950,129$6,952,709$3,952,941$20,388,754
82$38,393,629$7,171,979$3,963,951$22,157,556
83$42,184,542$7,398,168$3,971,507$24,099,391
84$46,358,183$7,631,496$3,975,370$26,231,757
85$50,953,467$7,872,188$3,975,293$28,573,933
86$56,013,271$8,120,477$3,971,017$31,147,164
87$61,584,846$8,376,601$3,962,267$33,974,859
88$67,720,256$8,640,810$3,948,759$37,082,814
89$74,476,871$8,913,359$3,930,191$40,499,452
90$81,917,909$9,194,510$3,906,249$44,256,096
91$90,113,031$9,484,537$3,876,604$48,387,259
92$99,139,000$9,783,718$3,840,909$52,930,975
93$109,080,402$10,092,345$3,798,804$57,929,155
94$120,030,448$10,410,715$3,749,909$63,427,982
95$132,091,849$10,739,136$3,693,827$69,478,350
96$145,377,791$11,077,926$3,630,143$76,136,341
97$160,012,994$11,427,413$3,558,421$83,463,756
98$176,134,897$11,787,934$3,478,207$91,528,700
99$193,894,954$12,159,840$3,389,023$100,406,221
100$213,460,056$12,543,489$3,290,372$110,179,023