Can I retire at age 54 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$237,002$234,891$232,831$230,821$228,858$221,178
2 years$117,328$115,143$113,025$110,972$108,980$101,318
3 years$77,441$75,247$73,135$71,101$69,141$61,739
4 years$57,502$55,314$53,223$51,224$49,312$42,225
5 years$45,542$43,367$41,303$39,345$37,486$30,733
6 years$37,571$35,413$33,379$31,464$29,662$23,249
7 years$31,880$29,739$27,738$25,869$24,123$18,049
8 years$27,613$25,492$23,524$21,701$20,012$14,272
9 years$24,296$22,196$20,261$18,484$16,853$11,440
10 years$21,645$19,564$17,664$15,933$14,360$9,265
11 years$19,476$17,417$15,551$13,867$12,350$7,564
12 years$17,671$15,632$13,802$12,163$10,702$6,215
13 years$16,144$14,127$12,331$10,738$9,332$5,131
14 years$14,837$12,841$11,079$9,532$8,181$4,254
15 years$13,705$11,731$10,003$8,501$7,203$3,539
16 years$12,715$10,763$9,069$7,612$6,366$2,951
17 years$11,843$9,912$8,253$6,839$5,645$2,467
18 years$11,068$9,159$7,534$6,163$5,019$2,066
19 years$10,376$8,489$6,897$5,569$4,473$1,733
20 years$9,754$7,888$6,329$5,044$3,996$1,455
21 years$9,192$7,347$5,822$4,578$3,576$1,223
22 years$8,682$6,859$5,366$4,162$3,205$1,029
23 years$8,216$6,415$4,954$3,791$2,877$866
24 years$7,791$6,010$4,582$3,457$2,586$730
25 years$7,399$5,640$4,244$3,157$2,327$615
26 years$7,039$5,301$3,936$2,887$2,096$519
27 years$6,706$4,989$3,655$2,642$1,890$438
28 years$6,397$4,701$3,398$2,421$1,705$369
29 years$6,110$4,435$3,162$2,220$1,540$312
30 years$5,842$4,188$2,945$2,038$1,391$263
31 years$5,592$3,959$2,746$1,871$1,258$222
32 years$5,359$3,746$2,562$1,720$1,138$188
33 years$5,140$3,548$2,392$1,581$1,030$159
34 years$4,934$3,362$2,235$1,455$932$134
35 years$4,741$3,189$2,089$1,340$844$113
36 years$4,558$3,027$1,955$1,234$765$96
37 years$4,386$2,875$1,829$1,137$693$81
38 years$4,224$2,732$1,713$1,048$629$68
39 years$4,070$2,598$1,605$966$570$58
40 years$3,924$2,472$1,504$891$517$49
41 years$3,785$2,353$1,411$822$469$41
42 years$3,654$2,241$1,323$759$426$35
43 years$3,529$2,135$1,242$700$386$29
44 years$3,410$2,035$1,166$647$351$25
45 years$3,297$1,941$1,094$597$318$21
46 years$3,188$1,851$1,028$552$289$18
47 years$3,085$1,767$966$510$262$15
48 years$2,987$1,687$907$471$238$13
49 years$2,892$1,611$853$435$216$11
50 years$2,802$1,539$802$402$197$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,870,000, adding $5,568 every year, while hoping to spend $37,286 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: 42/41/17 Blend
53$2,870,000$2,870,000$2,870,000$2,870,000
54$3,168,483$3,016,373$2,971,888$3,285,565
55$3,451,997$3,124,504$3,031,775$3,476,930
56$3,763,179$3,236,683$3,092,417$3,679,945
57$4,104,812$3,353,069$3,153,803$3,898,997
58$4,479,963$3,473,829$3,215,915$4,135,573
59$4,892,007$3,599,135$3,278,736$4,391,308
60$5,344,665$3,729,166$3,342,247$4,667,997
61$5,842,035$3,864,110$3,406,426$4,967,614
62$6,388,631$4,004,160$3,471,251$5,292,327
63$6,989,428$4,149,520$3,536,694$5,644,522
64$7,649,904$4,300,401$3,602,727$6,026,821
65$8,376,097$4,457,023$3,669,321$6,442,108
66$9,174,658$4,619,616$3,736,442$6,893,553
67$10,052,913$4,788,418$3,804,054$7,384,644
68$11,018,938$4,963,678$3,872,117$7,919,220
69$12,081,627$5,145,655$3,940,591$8,501,500
70$13,250,782$5,334,621$4,009,429$9,136,130
71$14,537,200$5,530,855$4,078,583$9,828,221
72$15,952,780$5,734,653$4,148,001$10,583,397
73$17,510,632$5,946,320$4,217,628$11,407,847
74$19,225,201$6,166,174$4,287,403$12,308,385
75$21,112,403$6,394,548$4,357,263$13,292,508
76$23,189,777$6,631,789$4,427,139$14,368,470
77$25,476,645$6,878,258$4,496,960$15,545,360
78$27,994,302$7,134,332$4,566,647$16,833,180
79$30,766,209$7,400,403$4,636,118$18,242,945
80$33,818,220$7,676,880$4,705,286$19,786,781
81$37,178,823$7,964,192$4,774,057$21,478,042
82$40,879,409$8,262,783$4,842,334$23,331,429
83$44,954,567$8,573,118$4,910,010$25,363,136
84$49,442,413$8,895,681$4,976,976$27,590,992
85$54,384,948$9,230,978$5,043,113$30,034,633
86$59,828,452$9,579,536$5,108,297$32,715,686
87$65,823,926$9,941,904$5,172,397$35,657,969
88$72,427,566$10,318,658$5,235,272$38,887,714
89$79,701,301$10,710,394$5,296,776$42,433,815
90$87,713,369$11,117,739$5,356,754$46,328,100
91$96,538,967$11,541,343$5,415,040$50,605,622
92$106,260,960$11,981,888$5,471,462$55,304,998
93$116,970,660$12,440,082$5,525,838$60,468,764
94$128,768,688$12,916,666$5,577,974$66,143,776
95$141,765,926$13,412,415$5,627,668$72,381,653
96$156,084,561$13,928,134$5,674,706$79,239,256
97$171,859,240$14,464,666$5,718,862$86,779,230
98$189,238,340$15,022,892$5,759,901$95,070,586
99$208,385,365$15,603,728$5,797,572$104,189,351
100$229,480,495$16,208,134$5,831,614$114,219,287