Can I retire at age 54 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$223,789$221,796$219,851$217,953$216,099$207,936
2 years$110,787$108,723$106,724$104,785$102,904$94,775
3 years$73,124$71,052$69,057$67,137$65,287$57,447
4 years$54,297$52,231$50,256$48,368$46,563$39,072
5 years$43,003$40,950$39,001$37,151$35,397$28,274
6 years$35,476$33,438$31,518$29,710$28,008$21,259
7 years$30,102$28,081$26,192$24,426$22,778$16,401
8 years$26,074$24,071$22,213$20,491$18,897$12,885
9 years$22,942$20,958$19,132$17,454$15,914$10,259
10 years$20,438$18,474$16,680$15,045$13,559$8,251
11 years$18,391$16,446$14,684$13,094$11,661$6,688
12 years$16,686$14,761$13,032$11,485$10,106$5,455
13 years$15,244$13,340$11,643$10,140$8,812$4,470
14 years$14,010$12,125$10,462$9,001$7,725$3,678
15 years$12,941$11,077$9,445$8,027$6,801$3,035
16 years$12,006$10,163$8,564$7,187$6,011$2,511
17 years$11,183$9,359$7,793$6,458$5,330$2,082
18 years$10,451$8,649$7,114$5,820$4,739$1,729
19 years$9,798$8,015$6,512$5,259$4,224$1,438
20 years$9,210$7,448$5,977$4,763$3,773$1,198
21 years$8,680$6,938$5,497$4,322$3,376$998
22 years$8,198$6,476$5,067$3,930$3,026$833
23 years$7,758$6,057$4,678$3,579$2,717$695
24 years$7,356$5,675$4,326$3,264$2,442$581
25 years$6,987$5,326$4,007$2,981$2,197$485
26 years$6,646$5,005$3,716$2,726$1,979$405
27 years$6,332$4,711$3,451$2,495$1,784$339
28 years$6,040$4,439$3,208$2,286$1,610$284
29 years$5,769$4,187$2,985$2,096$1,454$237
30 years$5,516$3,955$2,781$1,924$1,314$198
31 years$5,281$3,738$2,593$1,767$1,188$166
32 years$5,060$3,537$2,419$1,624$1,074$139
33 years$4,853$3,350$2,259$1,493$972$116
34 years$4,659$3,175$2,110$1,374$880$97
35 years$4,476$3,011$1,973$1,265$797$82
36 years$4,304$2,858$1,846$1,165$722$68
37 years$4,142$2,715$1,727$1,073$655$57
38 years$3,988$2,580$1,618$989$594$48
39 years$3,843$2,453$1,516$912$538$40
40 years$3,705$2,334$1,421$841$488$34
41 years$3,574$2,222$1,332$776$443$28
42 years$3,450$2,116$1,250$716$402$24
43 years$3,332$2,016$1,172$661$365$20
44 years$3,220$1,922$1,101$611$331$17
45 years$3,113$1,833$1,033$564$301$14
46 years$3,011$1,748$971$521$273$12
47 years$2,913$1,668$912$481$248$10
48 years$2,820$1,593$857$445$225$8
49 years$2,731$1,521$805$411$204$7
50 years$2,646$1,453$757$380$186$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,710,000, adding $3,230 every year, while hoping to spend $32,861 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: 86/7/7 Blend
53$2,710,000$2,710,000$2,710,000$2,710,000
54$2,989,752$2,846,122$2,804,117$3,244,991
55$3,259,743$2,950,618$2,863,091$3,516,386
56$3,556,171$3,059,133$2,922,939$3,809,719
57$3,881,699$3,171,829$2,983,656$4,131,002
58$4,239,260$3,288,876$3,045,236$4,483,028
59$4,632,082$3,410,449$3,107,669$4,868,871
60$5,063,726$3,536,732$3,170,947$5,291,916
61$5,538,111$3,667,917$3,235,059$5,755,892
62$6,059,557$3,804,204$3,299,993$6,264,906
63$6,632,822$3,945,800$3,365,732$6,823,482
64$7,263,149$4,092,923$3,432,263$7,436,603
65$7,956,312$4,245,799$3,499,567$8,109,759
66$8,718,677$4,404,664$3,567,623$8,848,997
67$9,557,254$4,569,764$3,636,410$9,660,977
68$10,479,768$4,741,356$3,705,904$10,553,039
69$11,494,729$4,919,708$3,776,077$11,533,266
70$12,611,517$5,105,099$3,846,901$12,610,564
71$13,840,463$5,297,821$3,918,344$13,794,745
72$15,192,953$5,498,176$3,990,371$15,096,619
73$16,681,531$5,706,484$4,062,945$16,528,094
74$18,320,019$5,923,073$4,136,025$18,102,293
75$20,123,648$6,148,290$4,209,569$19,833,672
76$22,109,198$6,382,495$4,283,528$21,738,158
77$24,295,162$6,626,063$4,357,852$23,833,299
78$26,701,916$6,879,387$4,432,487$26,138,433
79$29,351,911$7,142,877$4,507,375$28,674,862
80$32,269,887$7,416,959$4,582,453$31,466,060
81$35,483,105$7,702,079$4,657,655$34,537,892
82$39,021,605$7,998,704$4,732,909$37,918,855
83$42,918,487$8,307,319$4,808,140$41,640,350
84$47,210,226$8,628,432$4,883,266$45,736,977
85$51,937,016$8,962,571$4,958,202$50,246,860
86$57,143,145$9,310,291$5,032,856$55,212,008
87$62,877,419$9,672,168$5,107,130$60,678,709
88$69,193,618$10,048,807$5,180,921$66,697,970
89$76,151,004$10,440,835$5,254,119$73,325,993
90$83,814,882$10,848,912$5,326,607$80,624,708
91$92,257,215$11,273,723$5,398,263$88,662,358
92$101,557,302$11,715,987$5,468,956$97,514,141
93$111,802,528$12,176,451$5,538,547$107,262,917
94$123,089,188$12,655,900$5,606,891$117,999,996
95$135,523,395$13,155,149$5,673,832$129,825,991
96$149,222,084$13,675,054$5,739,208$142,851,774
97$164,314,111$14,216,506$5,802,846$157,199,520
98$180,941,473$14,780,438$5,864,564$173,003,857
99$199,260,647$15,367,823$5,924,171$190,413,139
100$219,444,066$15,979,679$5,981,463$209,590,845