Can I retire at age 54 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$224,615$222,614$220,662$218,757$216,897$211,482
2 years$111,196$109,125$107,118$105,172$103,284$97,863
3 years$73,394$71,314$69,312$67,384$65,528$60,270
4 years$54,497$52,423$50,442$48,547$46,735$41,681
5 years$43,162$41,101$39,145$37,289$35,527$30,691
6 years$35,607$33,562$31,635$29,820$28,111$23,498
7 years$30,213$28,185$26,289$24,517$22,862$18,471
8 years$26,170$24,160$22,295$20,566$18,966$14,797
9 years$23,027$21,035$19,203$17,518$15,972$12,020
10 years$20,513$18,542$16,741$15,101$13,609$9,870
11 years$18,458$16,507$14,739$13,142$11,704$8,173
12 years$16,747$14,815$13,080$11,527$10,143$6,813
13 years$15,300$13,389$11,686$10,177$8,845$5,710
14 years$14,061$12,170$10,500$9,034$7,753$4,806
15 years$12,988$11,118$9,480$8,057$6,827$4,060
16 years$12,051$10,200$8,595$7,214$6,033$3,440
17 years$11,224$9,394$7,821$6,482$5,350$2,922
18 years$10,490$8,680$7,140$5,841$4,757$2,487
19 years$9,834$8,045$6,536$5,278$4,240$2,121
20 years$9,244$7,476$5,999$4,780$3,787$1,811
21 years$8,712$6,963$5,518$4,338$3,389$1,549
22 years$8,228$6,500$5,085$3,945$3,038$1,325
23 years$7,787$6,079$4,695$3,592$2,727$1,136
24 years$7,383$5,696$4,342$3,277$2,451$974
25 years$7,013$5,345$4,022$2,992$2,205$835
26 years$6,671$5,024$3,730$2,736$1,987$717
27 years$6,355$4,728$3,464$2,504$1,791$616
28 years$6,062$4,455$3,220$2,295$1,616$529
29 years$5,790$4,203$2,997$2,104$1,459$455
30 years$5,537$3,969$2,791$1,931$1,319$391
31 years$5,300$3,752$2,602$1,774$1,192$336
32 years$5,079$3,550$2,428$1,630$1,078$289
33 years$4,871$3,362$2,267$1,499$976$249
34 years$4,676$3,187$2,118$1,379$884$214
35 years$4,493$3,023$1,980$1,270$800$184
36 years$4,320$2,869$1,852$1,169$725$159
37 years$4,157$2,725$1,734$1,077$657$136
38 years$4,003$2,589$1,624$993$596$117
39 years$3,857$2,462$1,521$916$540$101
40 years$3,719$2,343$1,426$844$490$87
41 years$3,588$2,230$1,337$779$445$75
42 years$3,463$2,124$1,254$719$403$65
43 years$3,345$2,024$1,177$664$366$56
44 years$3,232$1,929$1,105$613$332$48
45 years$3,124$1,839$1,037$566$302$41
46 years$3,022$1,755$974$523$274$36
47 years$2,924$1,674$915$483$249$31
48 years$2,831$1,599$860$446$226$26
49 years$2,741$1,526$808$412$205$23
50 years$2,656$1,458$760$381$186$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,720,000, adding $5,732 every year, while hoping to spend $53,222 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: 66/23/11 Blend
53$2,720,000$2,720,000$2,720,000$2,720,000
54$3,003,353$2,859,193$2,817,033$3,194,004
55$3,253,067$2,942,665$2,854,775$3,405,202
56$3,526,468$3,028,444$2,891,999$3,629,126
57$3,825,916$3,116,586$2,928,629$3,872,503
58$4,154,010$3,207,150$2,964,589$4,137,226
59$4,513,612$3,300,193$2,999,795$4,425,384
60$4,907,874$3,395,776$3,034,162$4,739,273
61$5,340,268$3,493,959$3,067,597$5,081,423
62$5,814,617$3,594,805$3,100,003$5,454,618
63$6,335,133$3,698,376$3,131,279$5,861,927
64$6,906,456$3,804,736$3,161,316$6,306,726
65$7,533,696$3,913,950$3,190,002$6,792,735
66$8,222,482$4,026,082$3,217,216$7,324,051
67$8,979,015$4,141,200$3,242,833$7,905,186
68$9,810,127$4,259,371$3,266,719$8,541,110
69$10,723,342$4,380,662$3,288,737$9,237,296
70$11,726,952$4,505,144$3,308,738$9,999,775
71$12,830,089$4,632,884$3,326,569$10,835,190
72$14,042,817$4,763,954$3,342,068$11,750,857
73$15,376,220$4,898,424$3,355,064$12,754,838
74$16,842,514$5,036,366$3,365,377$13,856,013
75$18,455,154$5,177,851$3,372,821$15,064,165
76$20,228,966$5,322,952$3,377,197$16,390,073
77$22,180,286$5,471,742$3,378,298$17,845,612
78$24,327,111$5,624,294$3,375,907$19,443,866
79$26,689,272$5,780,680$3,369,796$21,199,249
80$29,288,619$5,940,974$3,359,725$23,127,644
81$32,149,226$6,105,250$3,345,444$25,246,551
82$35,297,620$6,273,580$3,326,689$27,575,250
83$38,763,028$6,446,036$3,303,184$30,134,986
84$42,577,658$6,622,693$3,274,641$32,949,169
85$46,776,995$6,803,621$3,240,758$36,043,592
86$51,400,141$6,988,891$3,201,216$39,446,676
87$56,490,183$7,178,574$3,155,684$43,189,738
88$62,094,597$7,372,739$3,103,815$47,307,285
89$68,265,697$7,571,455$3,045,244$51,837,344
90$75,061,129$7,774,787$2,979,591$56,821,813
91$82,544,414$7,982,801$2,906,456$62,306,863
92$90,785,545$8,195,560$2,825,424$68,343,372
93$99,861,653$8,413,124$2,736,058$74,987,401
94$109,857,727$8,635,553$2,637,901$82,300,728
95$120,867,421$8,862,901$2,530,477$90,351,431
96$132,993,937$9,095,222$2,413,286$99,214,525
97$146,350,995$9,332,565$2,285,808$108,972,675
98$161,063,911$9,574,975$2,147,498$119,716,976
99$177,270,776$9,822,495$1,997,785$131,547,809
100$195,123,759$10,075,161$1,836,074$144,575,791