Can I retire at age 54 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$238,653$236,528$234,454$232,429$230,453$224,517
2 years$118,145$115,945$113,812$111,745$109,739$103,799
3 years$77,981$75,771$73,644$71,596$69,623$63,864
4 years$57,903$55,700$53,594$51,581$49,656$44,122
5 years$45,859$43,669$41,591$39,619$37,748$32,454
6 years$37,833$35,659$33,612$31,684$29,868$24,820
7 years$32,102$29,947$27,932$26,049$24,291$19,489
8 years$27,805$25,670$23,688$21,852$20,152$15,594
9 years$24,466$22,350$20,403$18,613$16,971$12,653
10 years$21,795$19,701$17,788$16,044$14,460$10,376
11 years$19,612$17,538$15,660$13,964$12,436$8,581
12 years$17,794$15,741$13,898$12,248$10,777$7,144
13 years$16,257$14,226$12,417$10,813$9,398$5,979
14 years$14,940$12,931$11,156$9,599$8,238$5,026
15 years$13,800$11,812$10,073$8,560$7,253$4,240
16 years$12,804$10,838$9,132$7,665$6,410$3,587
17 years$11,925$9,981$8,310$6,887$5,684$3,043
18 years$11,146$9,223$7,586$6,206$5,054$2,586
19 years$10,449$8,548$6,945$5,608$4,505$2,202
20 years$9,822$7,943$6,374$5,079$4,024$1,877
21 years$9,256$7,399$5,862$4,610$3,601$1,603
22 years$8,742$6,906$5,403$4,191$3,228$1,370
23 years$8,274$6,459$4,989$3,817$2,897$1,172
24 years$7,845$6,052$4,614$3,481$2,604$1,003
25 years$7,451$5,679$4,273$3,179$2,343$859
26 years$7,088$5,338$3,963$2,907$2,111$736
27 years$6,752$5,024$3,680$2,661$1,903$631
28 years$6,441$4,734$3,421$2,438$1,717$541
29 years$6,152$4,466$3,184$2,236$1,551$465
30 years$5,883$4,217$2,966$2,052$1,401$399
31 years$5,631$3,987$2,765$1,884$1,267$342
32 years$5,396$3,772$2,580$1,732$1,146$294
33 years$5,176$3,572$2,409$1,593$1,037$253
34 years$4,968$3,386$2,250$1,465$939$217
35 years$4,774$3,211$2,104$1,349$850$186
36 years$4,590$3,048$1,968$1,242$770$160
37 years$4,417$2,895$1,842$1,145$698$138
38 years$4,253$2,751$1,725$1,055$633$118
39 years$4,098$2,616$1,616$973$574$102
40 years$3,951$2,489$1,515$897$521$87
41 years$3,812$2,369$1,421$828$472$75
42 years$3,679$2,257$1,332$764$429$65
43 years$3,554$2,150$1,250$705$389$55
44 years$3,434$2,049$1,174$651$353$48
45 years$3,320$1,954$1,102$601$321$41
46 years$3,211$1,864$1,035$555$291$35
47 years$3,107$1,779$972$513$264$30
48 years$3,007$1,698$914$474$240$26
49 years$2,913$1,622$859$438$218$22
50 years$2,822$1,549$808$405$198$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,890,000, adding $4,069 every year, while hoping to spend $22,031 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: 45/38/17 Blend
53$2,890,000$2,890,000$2,890,000$2,890,000
54$3,188,977$3,035,807$2,991,012$3,316,758
55$3,490,812$3,161,121$3,067,770$3,531,817
56$3,822,696$3,291,837$3,146,361$3,762,364
57$4,187,670$3,428,196$3,226,824$4,011,901
58$4,589,086$3,570,451$3,309,196$4,282,196
59$5,030,635$3,718,866$3,393,517$4,575,194
60$5,516,388$3,873,718$3,479,827$4,893,028
61$6,050,824$4,035,295$3,568,166$5,238,044
62$6,638,884$4,203,900$3,658,575$5,612,819
63$7,286,008$4,379,849$3,751,096$6,020,185
64$7,998,193$4,563,474$3,845,769$6,463,254
65$8,782,044$4,755,120$3,942,638$6,945,448
66$9,644,841$4,955,149$4,041,746$7,470,528
67$10,594,605$5,163,942$4,143,134$8,042,631
68$11,640,174$5,381,894$4,246,848$8,666,306
69$12,791,286$5,609,421$4,352,931$9,346,555
70$14,058,671$5,846,956$4,461,429$10,088,880
71$15,454,154$6,094,955$4,572,385$10,899,334
72$16,990,763$6,353,894$4,685,845$11,784,576
73$18,682,855$6,624,269$4,801,855$12,751,932
74$20,546,250$6,906,602$4,920,462$13,809,463
75$22,598,381$7,201,439$5,041,710$14,966,038
76$24,858,455$7,509,349$5,165,647$16,231,420
77$27,347,642$7,830,931$5,292,320$17,616,352
78$30,089,264$8,166,809$5,421,776$19,132,657
79$33,109,025$8,517,639$5,554,061$20,793,352
80$36,435,247$8,884,105$5,689,224$22,612,763
81$40,099,141$9,266,925$5,827,311$24,606,661
82$44,135,097$9,666,848$5,968,371$26,792,409
83$48,581,016$10,084,663$6,112,450$29,189,123
84$53,478,659$10,521,190$6,259,596$31,817,849
85$58,874,046$10,977,293$6,409,857$34,701,761
86$64,817,890$11,453,872$6,563,279$37,866,374
87$71,366,076$11,951,872$6,719,909$41,339,787
88$78,580,184$12,472,282$6,879,794$45,152,940
89$86,528,077$13,016,138$7,042,981$49,339,907
90$95,284,535$13,584,523$7,209,515$53,938,212
91$104,931,965$14,178,572$7,379,442$58,989,182
92$115,561,178$14,799,475$7,552,806$64,538,330
93$127,272,245$15,448,476$7,729,652$70,635,787
94$140,175,441$16,126,878$7,910,022$77,336,766
95$154,392,288$16,836,047$8,093,960$84,702,080
96$170,056,700$17,577,413$8,281,507$92,798,715
97$187,316,250$18,352,472$8,472,703$101,700,457
98$206,333,556$19,162,792$8,667,587$111,488,580
99$227,287,826$20,010,016$8,866,199$122,252,615
100$250,376,542$20,895,864$9,068,574$134,091,185