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%14%
1 years$237,002$234,891$232,831$230,821$228,858$225,066
2 years$117,328$115,143$113,025$110,972$108,980$105,171
3 years$77,441$75,247$73,135$71,101$69,141$65,434
4 years$57,502$55,314$53,223$51,224$49,312$45,735
5 years$45,542$43,367$41,303$39,345$37,486$34,049
6 years$37,571$35,413$33,379$31,464$29,662$26,368
7 years$31,880$29,739$27,738$25,869$24,123$20,974
8 years$27,613$25,492$23,524$21,701$20,012$17,008
9 years$24,296$22,196$20,261$18,484$16,853$13,992
10 years$21,645$19,564$17,664$15,933$14,360$11,639
11 years$19,476$17,417$15,551$13,867$12,350$9,767
12 years$17,671$15,632$13,802$12,163$10,702$8,253
13 years$16,144$14,127$12,331$10,738$9,332$7,014
14 years$14,837$12,841$11,079$9,532$8,181$5,989
15 years$13,705$11,731$10,003$8,501$7,203$5,134
16 years$12,715$10,763$9,069$7,612$6,366$4,415
17 years$11,843$9,912$8,253$6,839$5,645$3,807
18 years$11,068$9,159$7,534$6,163$5,019$3,291
19 years$10,376$8,489$6,897$5,569$4,473$2,850
20 years$9,754$7,888$6,329$5,044$3,996$2,473
21 years$9,192$7,347$5,822$4,578$3,576$2,148
22 years$8,682$6,859$5,366$4,162$3,205$1,869
23 years$8,216$6,415$4,954$3,791$2,877$1,627
24 years$7,791$6,010$4,582$3,457$2,586$1,419
25 years$7,399$5,640$4,244$3,157$2,327$1,238
26 years$7,039$5,301$3,936$2,887$2,096$1,080
27 years$6,706$4,989$3,655$2,642$1,890$944
28 years$6,397$4,701$3,398$2,421$1,705$825
29 years$6,110$4,435$3,162$2,220$1,540$721
30 years$5,842$4,188$2,945$2,038$1,391$631
31 years$5,592$3,959$2,746$1,871$1,258$552
32 years$5,359$3,746$2,562$1,720$1,138$483
33 years$5,140$3,548$2,392$1,581$1,030$423
34 years$4,934$3,362$2,235$1,455$932$370
35 years$4,741$3,189$2,089$1,340$844$325
36 years$4,558$3,027$1,955$1,234$765$284
37 years$4,386$2,875$1,829$1,137$693$249
38 years$4,224$2,732$1,713$1,048$629$218
39 years$4,070$2,598$1,605$966$570$191
40 years$3,924$2,472$1,504$891$517$168
41 years$3,785$2,353$1,411$822$469$147
42 years$3,654$2,241$1,323$759$426$129
43 years$3,529$2,135$1,242$700$386$113
44 years$3,410$2,035$1,166$647$351$99
45 years$3,297$1,941$1,094$597$318$87
46 years$3,188$1,851$1,028$552$289$76
47 years$3,085$1,767$966$510$262$67
48 years$2,987$1,687$907$471$238$59
49 years$2,892$1,611$853$435$216$51
50 years$2,802$1,539$802$402$197$45

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 $5,230 every year, while hoping to spend $28,349 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: 54/27/19 Blend
53$2,870,000$2,870,000$2,870,000$2,870,000
54$3,168,135$3,016,025$2,971,540$3,322,626
55$3,461,121$3,133,647$3,040,923$3,546,570
56$3,783,042$3,256,082$3,111,681$3,786,782
57$4,136,820$3,383,537$3,183,829$4,047,647
58$4,525,671$3,516,226$3,257,383$4,331,145
59$4,953,142$3,654,374$3,332,358$4,639,453
60$5,423,140$3,798,216$3,408,769$4,974,964
61$5,939,968$3,947,996$3,486,631$5,340,313
62$6,508,368$4,103,971$3,565,957$5,738,395
63$7,133,565$4,266,409$3,646,759$6,172,399
64$7,821,313$4,435,588$3,729,050$6,645,831
65$8,577,956$4,611,801$3,812,843$7,162,551
66$9,410,481$4,795,352$3,898,146$7,726,805
67$10,326,587$4,986,562$3,984,971$8,343,266
68$11,334,758$5,185,762$4,073,326$9,017,081
69$12,444,340$5,393,300$4,163,219$9,753,910
70$13,665,632$5,609,542$4,254,657$10,559,987
71$15,009,983$5,834,866$4,347,645$11,442,175
72$16,489,898$6,069,671$4,442,187$12,408,028
73$18,119,154$6,314,371$4,538,287$13,465,863
74$19,912,934$6,569,401$4,635,945$14,624,838
75$21,887,966$6,835,215$4,735,163$15,895,037
76$24,062,685$7,112,287$4,835,937$17,287,565
77$26,457,403$7,401,113$4,938,265$18,814,647
78$29,094,502$7,702,212$5,042,141$20,489,751
79$31,998,647$8,016,126$5,147,558$22,327,704
80$35,197,014$8,343,421$5,254,506$24,344,838
81$38,719,551$8,684,691$5,362,974$26,559,141
82$42,599,260$9,040,555$5,472,948$28,990,423
83$46,872,503$9,411,661$5,584,411$31,660,504
84$51,579,353$9,798,687$5,697,343$34,593,419
85$56,763,966$10,202,342$5,811,723$37,815,640
86$62,475,000$10,623,366$5,927,526$41,356,329
87$68,766,075$11,062,536$6,044,723$45,247,607
88$75,696,277$11,520,662$6,163,283$49,524,859
89$83,330,714$11,998,592$6,283,170$54,227,063
90$91,741,137$12,497,213$6,404,347$59,397,160
91$101,006,610$13,017,453$6,526,769$65,082,455
92$111,214,260$13,560,284$6,650,391$71,335,061
93$122,460,096$14,126,719$6,775,161$78,212,388
94$134,849,920$14,717,823$6,901,023$85,777,689
95$148,500,321$15,334,705$7,027,916$94,100,644
96$163,539,778$15,978,530$7,155,776$103,258,027
97$180,109,871$16,650,514$7,284,530$113,334,420
98$198,366,617$17,351,929$7,414,102$124,423,011
99$218,481,947$18,084,108$7,544,409$136,626,473
100$240,645,321$18,848,445$7,675,362$150,057,930