Can I retire at age 54 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$240,305$238,165$236,076$234,038$232,047$227,828
2 years$118,963$116,747$114,600$112,518$110,499$106,263
3 years$78,521$76,296$74,154$72,091$70,105$65,985
4 years$58,304$56,085$53,965$51,938$49,999$46,027
5 years$46,177$43,972$41,879$39,893$38,009$34,195
6 years$38,095$35,906$33,845$31,903$30,075$26,424
7 years$32,324$30,154$28,125$26,229$24,459$20,971
8 years$27,998$25,847$23,852$22,003$20,291$16,967
9 years$24,635$22,505$20,544$18,742$17,088$13,924
10 years$21,946$19,837$17,911$16,156$14,560$11,554
11 years$19,748$17,660$15,768$14,060$12,522$9,671
12 years$17,917$15,850$13,994$12,333$10,851$8,151
13 years$16,369$14,324$12,503$10,888$9,463$6,909
14 years$15,044$13,020$11,234$9,665$8,295$5,884
15 years$13,896$11,894$10,142$8,620$7,303$5,029
16 years$12,892$10,913$9,196$7,718$6,455$4,313
17 years$12,008$10,050$8,368$6,934$5,723$3,709
18 years$11,223$9,287$7,639$6,249$5,089$3,197
19 years$10,521$8,607$6,993$5,647$4,536$2,760
20 years$9,890$7,998$6,418$5,114$4,051$2,388
21 years$9,320$7,450$5,903$4,641$3,626$2,068
22 years$8,803$6,954$5,441$4,220$3,250$1,794
23 years$8,331$6,504$5,023$3,843$2,917$1,557
24 years$7,899$6,094$4,646$3,505$2,622$1,353
25 years$7,502$5,719$4,303$3,201$2,359$1,177
26 years$7,137$5,375$3,991$2,927$2,125$1,024
27 years$6,799$5,058$3,706$2,679$1,916$891
28 years$6,486$4,766$3,445$2,455$1,729$777
29 years$6,195$4,497$3,206$2,251$1,561$677
30 years$5,924$4,246$2,986$2,066$1,411$590
31 years$5,670$4,014$2,784$1,897$1,275$515
32 years$5,433$3,798$2,597$1,744$1,154$449
33 years$5,211$3,597$2,425$1,604$1,044$392
34 years$5,003$3,409$2,266$1,475$945$342
35 years$4,807$3,234$2,119$1,358$856$299
36 years$4,622$3,069$1,982$1,251$776$261
37 years$4,447$2,915$1,855$1,152$703$228
38 years$4,282$2,770$1,737$1,062$637$199
39 years$4,126$2,634$1,627$979$578$174
40 years$3,978$2,506$1,525$903$524$152
41 years$3,838$2,386$1,430$834$476$133
42 years$3,705$2,272$1,342$769$432$116
43 years$3,578$2,165$1,259$710$392$101
44 years$3,457$2,064$1,182$656$356$88
45 years$3,343$1,968$1,110$606$323$77
46 years$3,233$1,877$1,042$559$293$67
47 years$3,128$1,791$979$517$266$59
48 years$3,028$1,710$920$477$242$52
49 years$2,933$1,633$865$441$219$45
50 years$2,841$1,560$813$408$199$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,910,000, adding $6,934 every year, while hoping to spend $41,997 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: 67/12/21 Blend
53$2,910,000$2,910,000$2,910,000$2,910,000
54$3,213,972$3,059,742$3,014,637$3,411,865
55$3,497,113$3,164,985$3,070,943$3,650,600
56$3,807,727$3,273,978$3,127,728$3,906,097
57$4,148,571$3,386,859$3,184,963$4,184,505
58$4,522,683$3,503,773$3,242,617$4,488,079
59$4,933,411$3,624,871$3,300,659$4,819,302
60$5,384,439$3,750,310$3,359,051$5,180,907
61$5,879,828$3,880,252$3,417,756$5,575,904
62$6,424,052$4,014,865$3,476,732$6,007,609
63$7,022,037$4,154,326$3,535,934$6,479,672
64$7,679,213$4,298,816$3,595,316$6,996,114
65$8,401,560$4,448,526$3,654,827$7,561,365
66$9,195,667$4,603,652$3,714,412$8,180,301
67$10,068,794$4,764,399$3,774,013$8,858,297
68$11,028,937$4,930,980$3,833,568$9,601,269
69$12,084,908$5,103,618$3,893,012$10,415,739
70$13,246,415$5,282,542$3,952,275$11,308,888
71$14,524,155$5,467,992$4,011,281$12,288,628
72$15,929,912$5,660,217$4,069,953$13,363,673
73$17,476,672$5,859,476$4,128,205$14,543,627
74$19,178,741$6,066,039$4,185,949$15,839,067
75$21,051,884$6,280,187$4,243,089$17,261,648
76$23,113,471$6,502,210$4,299,527$18,824,210
77$25,382,639$6,732,413$4,355,155$20,540,898
78$27,880,478$6,971,110$4,409,863$22,427,300
79$30,630,224$7,218,632$4,463,530$24,500,586
80$33,657,481$7,475,319$4,516,033$26,779,678
81$36,990,461$7,741,527$4,567,237$29,285,423
82$40,660,254$8,017,627$4,617,005$32,040,791
83$44,701,113$8,304,005$4,665,188$35,071,089
84$49,150,785$8,601,060$4,711,631$38,404,206
85$54,050,864$8,909,211$4,756,170$42,070,868
86$59,447,183$9,228,892$4,798,631$46,104,933
87$65,390,244$9,560,556$4,838,834$50,543,707
88$71,935,700$9,904,675$4,876,586$55,428,299
89$79,144,876$10,261,738$4,911,686$60,804,005
90$87,085,347$10,632,257$4,943,922$66,720,738
91$95,831,579$11,016,764$4,973,069$73,233,497
92$105,465,627$11,415,813$4,998,894$80,402,887
93$116,077,914$11,829,981$5,021,150$88,295,689
94$127,768,080$12,259,869$5,039,578$96,985,492
95$140,645,925$12,706,103$5,053,905$106,553,385
96$154,832,444$13,169,337$5,063,845$117,088,723
97$170,460,967$13,650,248$5,069,097$128,689,972
98$187,678,422$14,149,546$5,069,348$141,465,635
99$206,646,715$14,667,969$5,064,266$155,535,275
100$227,544,266$15,206,284$5,053,504$171,030,647