Can I retire at age 54 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$237,828$235,709$233,642$231,625$229,655$226,880
2 years$117,736$115,544$113,419$111,358$109,360$106,566
3 years$77,711$75,509$73,389$71,348$69,382$66,658
4 years$57,703$55,507$53,409$51,402$49,484$46,850
5 years$45,701$43,518$41,447$39,482$37,617$35,080
6 years$37,702$35,536$33,496$31,574$29,765$27,329
7 years$31,991$29,843$27,835$25,959$24,207$21,873
8 years$27,709$25,581$23,606$21,776$20,082$17,849
9 years$24,381$22,273$20,332$18,548$16,912$14,780
10 years$21,720$19,632$17,726$15,989$14,410$12,377
11 years$19,544$17,478$15,606$13,915$12,393$10,458
12 years$17,732$15,687$13,850$12,205$10,739$8,899
13 years$16,200$14,176$12,374$10,776$9,365$7,618
14 years$14,888$12,886$11,118$9,565$8,209$6,553
15 years$13,752$11,772$10,038$8,531$7,228$5,659
16 years$12,759$10,800$9,101$7,638$6,388$4,904
17 years$11,884$9,947$8,281$6,863$5,664$4,262
18 years$11,107$9,191$7,560$6,185$5,036$3,713
19 years$10,413$8,518$6,921$5,589$4,489$3,242
20 years$9,788$7,916$6,351$5,062$4,010$2,836
21 years$9,224$7,373$5,842$4,594$3,588$2,484
22 years$8,712$6,882$5,384$4,177$3,216$2,179
23 years$8,245$6,437$4,972$3,804$2,887$1,914
24 years$7,818$6,031$4,598$3,469$2,595$1,683
25 years$7,425$5,660$4,259$3,168$2,335$1,481
26 years$7,063$5,319$3,950$2,897$2,103$1,304
27 years$6,729$5,006$3,668$2,652$1,896$1,149
28 years$6,419$4,717$3,409$2,429$1,711$1,013
29 years$6,131$4,450$3,173$2,228$1,545$894
30 years$5,862$4,203$2,955$2,045$1,396$789
31 years$5,612$3,973$2,755$1,878$1,262$697
32 years$5,377$3,759$2,571$1,726$1,142$615
33 years$5,158$3,560$2,400$1,587$1,033$544
34 years$4,951$3,374$2,243$1,460$936$481
35 years$4,757$3,200$2,097$1,344$847$425
36 years$4,574$3,038$1,961$1,238$768$376
37 years$4,401$2,885$1,836$1,141$696$332
38 years$4,238$2,742$1,719$1,051$631$294
39 years$4,084$2,607$1,611$969$572$260
40 years$3,937$2,480$1,510$894$519$230
41 years$3,799$2,361$1,416$825$471$204
42 years$3,667$2,249$1,328$761$427$180
43 years$3,541$2,143$1,246$703$388$160
44 years$3,422$2,042$1,170$649$352$141
45 years$3,308$1,948$1,098$599$319$125
46 years$3,200$1,858$1,031$554$290$111
47 years$3,096$1,773$969$511$263$98
48 years$2,997$1,693$911$473$239$87
49 years$2,902$1,616$856$437$217$77
50 years$2,812$1,544$805$404$197$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,880,000, adding $3,827 every year, while hoping to spend $49,362 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: 54/37/9 Blend
53$2,880,000$2,880,000$2,880,000$2,880,000
54$3,177,708$3,025,068$2,980,428$3,342,033
55$3,449,313$3,120,775$3,027,751$3,549,513
56$3,746,968$3,219,518$3,075,006$3,769,488
57$4,073,277$3,321,393$3,122,137$4,007,723
58$4,431,109$3,426,499$3,169,086$4,265,958
59$4,823,624$3,534,940$3,215,793$4,546,108
60$5,254,303$3,646,821$3,262,191$4,850,279
61$5,726,980$3,762,253$3,308,212$5,180,790
62$6,245,876$3,881,348$3,353,782$5,540,190
63$6,815,645$4,004,223$3,398,823$5,931,285
64$7,441,410$4,130,999$3,443,252$6,357,165
65$8,128,815$4,261,799$3,486,983$6,821,228
66$8,884,080$4,396,753$3,529,923$7,327,217
67$9,714,055$4,535,993$3,571,974$7,879,250
68$10,626,287$4,679,655$3,613,033$8,481,863
69$11,629,091$4,827,881$3,652,992$9,140,048
70$12,731,627$4,980,815$3,691,736$9,859,302
71$13,943,987$5,138,609$3,729,144$10,645,678
72$15,277,290$5,301,418$3,765,087$11,505,841
73$16,743,787$5,469,401$3,799,431$12,447,132
74$18,356,976$5,642,725$3,832,034$13,477,634
75$20,131,728$5,821,558$3,862,748$14,606,248
76$22,084,428$6,006,079$3,891,414$15,842,779
77$24,233,131$6,196,467$3,917,867$17,198,027
78$26,597,728$6,392,912$3,941,933$18,683,885
79$29,200,137$6,595,606$3,963,429$20,313,456
80$32,064,510$6,804,749$3,982,162$22,101,169
81$35,217,456$7,020,548$3,997,931$24,062,923
82$38,688,298$7,243,216$4,010,523$26,216,230
83$42,509,343$7,472,972$4,019,714$28,580,379
84$46,716,192$7,710,044$4,025,271$31,176,623
85$51,348,073$7,954,666$4,026,947$34,028,373
86$56,448,211$8,207,079$4,024,484$37,161,423
87$62,064,236$8,467,534$4,017,612$40,604,188
88$68,248,633$8,736,287$4,006,046$44,387,975
89$75,059,234$9,013,605$3,989,489$48,547,273
90$82,559,767$9,299,763$3,967,629$53,120,086
91$90,820,456$9,595,045$3,940,137$58,148,281
92$99,918,683$9,899,742$3,906,672$63,677,988
93$109,939,716$10,214,157$3,866,873$69,760,034
94$120,977,519$10,538,603$3,820,366$76,450,421
95$133,135,633$10,873,401$3,766,754$83,810,852
96$146,528,154$11,218,884$3,705,627$91,909,316
97$161,280,811$11,575,395$3,636,551$100,820,725
98$177,532,153$11,943,289$3,559,075$110,627,622
99$195,434,855$12,322,932$3,472,726$121,420,959
100$215,157,156$12,714,701$3,377,008$133,300,953