Can I retire at age 54 with 2,730,000?

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 $2,730,000?

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 years$225,441$223,433$221,474$219,561$217,694$212,345
2 years$111,604$109,526$107,511$105,558$103,664$98,308
3 years$73,664$71,576$69,567$67,632$65,769$60,573
4 years$54,697$52,616$50,627$48,725$46,907$41,912
5 years$43,320$41,252$39,289$37,426$35,658$30,877
6 years$35,738$33,685$31,751$29,930$28,215$23,653
7 years$30,324$28,289$26,385$24,607$22,946$18,604
8 years$26,266$24,249$22,377$20,642$19,036$14,912
9 years$23,111$21,113$19,273$17,582$16,031$12,121
10 years$20,589$18,610$16,803$15,156$13,659$9,959
11 years$18,526$16,567$14,793$13,190$11,747$8,252
12 years$16,809$14,870$13,128$11,570$10,180$6,883
13 years$15,357$13,438$11,729$10,214$8,877$5,772
14 years$14,113$12,215$10,539$9,067$7,782$4,862
15 years$13,036$11,158$9,515$8,086$6,852$4,110
16 years$12,095$10,238$8,627$7,240$6,056$3,485
17 years$11,265$9,429$7,850$6,505$5,369$2,963
18 years$10,529$8,712$7,166$5,863$4,774$2,524
19 years$9,870$8,075$6,560$5,297$4,255$2,154
20 years$9,278$7,503$6,021$4,798$3,801$1,840
21 years$8,744$6,989$5,538$4,354$3,401$1,575
22 years$8,258$6,524$5,104$3,959$3,049$1,349
23 years$7,816$6,102$4,713$3,606$2,737$1,157
24 years$7,410$5,717$4,358$3,289$2,460$992
25 years$7,038$5,365$4,037$3,003$2,214$852
26 years$6,695$5,042$3,744$2,746$1,994$732
27 years$6,378$4,745$3,477$2,514$1,798$629
28 years$6,085$4,472$3,232$2,303$1,622$541
29 years$5,811$4,218$3,008$2,112$1,465$465
30 years$5,557$3,984$2,801$1,938$1,323$400
31 years$5,320$3,766$2,612$1,780$1,196$345
32 years$5,097$3,563$2,437$1,636$1,082$297
33 years$4,889$3,375$2,275$1,504$979$255
34 years$4,693$3,198$2,126$1,384$887$220
35 years$4,509$3,034$1,987$1,274$803$189
36 years$4,336$2,879$1,859$1,173$728$163
37 years$4,172$2,735$1,740$1,081$660$141
38 years$4,017$2,599$1,630$997$598$121
39 years$3,871$2,471$1,527$919$542$104
40 years$3,732$2,351$1,431$848$492$90
41 years$3,601$2,238$1,342$782$446$78
42 years$3,476$2,132$1,259$722$405$67
43 years$3,357$2,031$1,181$666$367$58
44 years$3,244$1,936$1,109$615$334$50
45 years$3,136$1,846$1,041$568$303$43
46 years$3,033$1,761$978$525$275$37
47 years$2,935$1,681$919$485$250$32
48 years$2,841$1,604$863$448$227$27
49 years$2,751$1,532$811$414$206$24
50 years$2,665$1,464$763$383$187$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,730,000, adding $3,755 every year, while hoping to spend $41,055 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: 77/7/16 Blend
53$2,730,000$2,730,000$2,730,000$2,730,000
54$3,012,333$2,867,643$2,825,328$3,233,514
55$3,275,909$2,964,476$2,876,295$3,476,860
56$3,564,994$3,064,677$2,927,592$3,738,120
57$3,882,145$3,168,368$2,979,189$4,023,507
58$4,230,183$3,275,677$3,031,050$4,335,413
59$4,612,210$3,386,733$3,083,139$4,676,479
60$5,031,646$3,501,674$3,135,414$5,049,607
61$5,492,257$3,620,640$3,187,835$5,457,999
62$5,998,194$3,743,777$3,240,353$5,905,177
63$6,554,026$3,871,239$3,292,922$6,395,025
64$7,164,790$4,003,183$3,345,488$6,931,818
65$7,836,033$4,139,773$3,397,996$7,520,265
66$8,573,866$4,281,180$3,450,387$8,165,557
67$9,385,023$4,427,580$3,502,597$8,873,409
68$10,276,921$4,579,158$3,554,560$9,650,118
69$11,257,734$4,736,103$3,606,205$10,502,621
70$12,336,466$4,898,615$3,657,456$11,438,561
71$13,523,037$5,066,899$3,708,232$12,466,359
72$14,828,378$5,241,168$3,758,449$13,595,291
73$16,264,533$5,421,646$3,808,018$14,835,579
74$17,844,771$5,608,562$3,856,842$16,198,483
75$19,583,712$5,802,157$3,904,821$17,696,410
76$21,497,468$6,002,679$3,951,849$19,343,032
77$23,603,787$6,210,387$3,997,813$21,153,412
78$25,922,228$6,425,551$4,042,595$23,144,144
79$28,474,342$6,648,450$4,086,069$25,333,517
80$31,283,876$6,879,375$4,128,103$27,741,679
81$34,376,994$7,118,627$4,168,557$30,390,832
82$37,782,528$7,366,520$4,207,284$33,305,439
83$41,532,247$7,623,382$4,244,130$36,512,458
84$45,661,159$7,889,550$4,278,931$40,041,591
85$50,207,838$8,165,378$4,311,516$43,925,567
86$55,214,789$8,451,233$4,341,703$48,200,452
87$60,728,850$8,747,497$4,369,303$52,905,987
88$66,801,633$9,054,564$4,394,115$58,085,961
89$73,490,011$9,372,849$4,415,929$63,788,630
90$80,856,654$9,702,780$4,434,524$70,067,168
91$88,970,620$10,044,804$4,449,668$76,980,168
92$97,908,008$10,399,384$4,461,117$84,592,196
93$107,752,675$10,767,004$4,468,614$92,974,402
94$118,597,026$11,148,166$4,471,891$102,205,189
95$130,542,889$11,543,392$4,470,666$112,370,953
96$143,702,472$11,953,227$4,464,642$123,566,900
97$158,199,426$12,378,237$4,453,509$135,897,941
98$174,170,007$12,819,010$4,436,941$149,479,686
99$191,764,365$13,276,159$4,414,596$164,439,532
100$211,147,962$13,750,323$4,386,117$180,917,869