Can I retire at age 54 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$222,963$220,977$219,040$217,149$215,302$214,124
2 years$110,378$108,322$106,330$104,398$102,525$101,337
3 years$72,854$70,790$68,803$66,889$65,046$63,884
4 years$54,096$52,038$50,071$48,190$46,391$45,264
5 years$42,844$40,798$38,857$37,014$35,266$34,178
6 years$35,345$33,315$31,402$29,601$27,905$26,856
7 years$29,991$27,978$26,095$24,336$22,694$21,686
8 years$25,977$23,982$22,131$20,415$18,827$17,859
9 years$22,857$20,881$19,061$17,389$15,855$14,927
10 years$20,362$18,405$16,618$14,990$13,509$12,621
11 years$18,323$16,385$14,630$13,045$11,618$10,769
12 years$16,624$14,707$12,984$11,443$10,068$9,258
13 years$15,188$13,290$11,600$10,102$8,780$8,007
14 years$13,958$12,081$10,423$8,968$7,696$6,960
15 years$12,893$11,036$9,411$7,997$6,776$6,076
16 years$11,962$10,125$8,532$7,161$5,989$5,323
17 years$11,141$9,325$7,764$6,434$5,310$4,678
18 years$10,413$8,617$7,087$5,798$4,722$4,122
19 years$9,762$7,986$6,488$5,239$4,208$3,641
20 years$9,176$7,421$5,954$4,745$3,759$3,222
21 years$8,648$6,912$5,477$4,307$3,364$2,856
22 years$8,167$6,452$5,048$3,916$3,015$2,536
23 years$7,730$6,035$4,661$3,566$2,707$2,254
24 years$7,329$5,654$4,310$3,252$2,433$2,007
25 years$6,961$5,306$3,992$2,970$2,189$1,788
26 years$6,622$4,987$3,703$2,716$1,972$1,594
27 years$6,308$4,693$3,438$2,486$1,778$1,423
28 years$6,018$4,422$3,196$2,278$1,604$1,271
29 years$5,748$4,172$2,974$2,089$1,449$1,136
30 years$5,496$3,940$2,771$1,917$1,309$1,016
31 years$5,261$3,725$2,583$1,760$1,183$909
32 years$5,041$3,524$2,410$1,618$1,070$813
33 years$4,835$3,338$2,250$1,488$969$728
34 years$4,642$3,163$2,102$1,369$877$652
35 years$4,460$3,000$1,966$1,260$794$584
36 years$4,288$2,848$1,839$1,161$720$524
37 years$4,126$2,705$1,721$1,069$652$470
38 years$3,973$2,570$1,612$986$591$421
39 years$3,829$2,444$1,510$909$536$378
40 years$3,691$2,325$1,415$838$486$339
41 years$3,561$2,214$1,327$773$441$304
42 years$3,437$2,108$1,245$714$400$273
43 years$3,320$2,009$1,168$659$363$245
44 years$3,208$1,915$1,097$608$330$220
45 years$3,101$1,826$1,030$562$299$197
46 years$3,000$1,742$967$519$272$177
47 years$2,903$1,662$909$479$247$159
48 years$2,810$1,587$854$443$224$143
49 years$2,721$1,515$802$409$204$128
50 years$2,636$1,447$754$378$185$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,700,000, adding $5,251 every year, while hoping to spend $33,951 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: 71/10/19 Blend
53$2,700,000$2,700,000$2,700,000$2,700,000
54$2,980,816$2,837,716$2,795,866$3,178,484
55$3,248,736$2,940,641$2,853,404$3,413,681
56$3,542,846$3,047,471$2,911,732$3,666,553
57$3,865,781$3,158,362$2,970,840$3,942,562
58$4,220,444$3,273,475$3,030,717$4,243,992
59$4,610,035$3,392,981$3,091,351$4,573,363
60$5,038,076$3,517,054$3,152,728$4,933,446
61$5,508,447$3,645,878$3,214,833$5,327,294
62$6,025,427$3,779,644$3,277,648$5,758,270
63$6,593,724$3,918,550$3,341,153$6,230,077
64$7,218,530$4,062,804$3,405,327$6,746,793
65$7,905,561$4,212,623$3,470,146$7,312,911
66$8,661,118$4,368,231$3,535,586$7,933,376
67$9,492,141$4,529,864$3,601,617$8,613,641
68$10,406,277$4,697,765$3,668,209$9,359,707
69$11,411,953$4,872,191$3,735,330$10,178,187
70$12,518,450$5,053,407$3,802,942$11,076,367
71$13,735,999$5,241,690$3,871,007$12,062,269
72$15,075,868$5,437,331$3,939,483$13,144,735
73$16,550,477$5,640,630$4,008,326$14,333,504
74$18,173,507$5,851,902$4,077,486$15,639,305
75$19,960,034$6,071,475$4,146,912$17,073,957
76$21,926,672$6,299,691$4,216,547$18,650,485
77$24,091,724$6,536,908$4,286,333$20,383,235
78$26,475,360$6,783,497$4,356,206$22,288,016
79$29,099,805$7,039,846$4,426,097$24,382,243
80$31,989,548$7,306,361$4,495,934$26,685,108
81$35,171,574$7,583,465$4,565,640$29,217,751
82$38,675,618$7,871,599$4,635,132$32,003,470
83$42,534,446$8,171,221$4,704,324$35,067,931
84$46,784,162$8,482,814$4,773,121$38,439,416
85$51,464,552$8,806,878$4,841,427$42,149,088
86$56,619,457$9,143,936$4,909,135$46,231,283
87$62,297,186$9,494,533$4,976,136$50,723,836
88$68,550,974$9,859,240$5,042,311$55,668,433
89$75,439,482$10,238,650$5,107,536$61,111,012
90$83,027,350$10,633,386$5,171,681$67,102,190
91$91,385,813$11,044,095$5,234,605$73,697,739
92$100,593,363$11,471,452$5,296,161$80,959,119
93$110,736,498$11,916,166$5,356,195$88,954,050
94$121,910,536$12,378,973$5,414,542$97,757,156
95$134,220,511$12,860,643$5,471,030$107,450,665
96$147,782,170$13,361,981$5,525,476$118,125,189
97$162,723,059$13,883,826$5,577,687$129,880,573
98$179,183,733$14,427,056$5,627,462$142,826,843
99$197,319,078$14,992,585$5,674,586$157,085,238
100$217,299,774$15,581,372$5,718,834$172,789,359