Can I retire at age 54 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$227,918$225,888$223,907$221,974$220,086$218,608
2 years$112,831$110,729$108,693$106,718$104,803$103,312
3 years$74,473$72,363$70,331$68,375$66,491$65,034
4 years$55,298$53,194$51,183$49,261$47,422$46,009
5 years$43,796$41,705$39,720$37,837$36,050$34,686
6 years$36,131$34,055$32,100$30,258$28,525$27,212
7 years$30,658$28,600$26,675$24,877$23,198$21,936
8 years$26,555$24,515$22,623$20,869$19,245$18,035
9 years$23,365$21,345$19,485$17,776$16,207$15,048
10 years$20,815$18,814$16,987$15,323$13,809$12,700
11 years$18,730$16,749$14,955$13,335$11,877$10,817
12 years$16,993$15,033$13,273$11,697$10,292$9,281
13 years$15,525$13,586$11,858$10,327$8,975$8,012
14 years$14,268$12,349$10,655$9,167$7,867$6,951
15 years$13,179$11,281$9,620$8,175$6,927$6,056
16 years$12,228$10,350$8,722$7,320$6,122$5,295
17 years$11,389$9,532$7,936$6,577$5,428$4,644
18 years$10,644$8,808$7,245$5,927$4,827$4,083
19 years$9,979$8,163$6,632$5,356$4,302$3,599
20 years$9,380$7,586$6,087$4,851$3,843$3,178
21 years$8,840$7,066$5,599$4,402$3,439$2,811
22 years$8,349$6,596$5,160$4,003$3,082$2,490
23 years$7,901$6,169$4,764$3,645$2,767$2,209
24 years$7,492$5,780$4,406$3,325$2,487$1,961
25 years$7,116$5,424$4,081$3,036$2,238$1,743
26 years$6,769$5,098$3,785$2,776$2,016$1,551
27 years$6,449$4,798$3,515$2,541$1,817$1,381
28 years$6,151$4,521$3,267$2,328$1,640$1,231
29 years$5,875$4,265$3,041$2,135$1,481$1,097
30 years$5,618$4,028$2,832$1,959$1,338$979
31 years$5,378$3,807$2,640$1,800$1,210$873
32 years$5,153$3,603$2,464$1,654$1,094$780
33 years$4,943$3,412$2,300$1,521$990$697
34 years$4,745$3,234$2,149$1,399$897$622
35 years$4,559$3,067$2,009$1,288$812$556
36 years$4,384$2,911$1,880$1,186$736$497
37 years$4,218$2,765$1,759$1,093$667$445
38 years$4,062$2,628$1,648$1,008$605$398
39 years$3,914$2,499$1,544$929$548$356
40 years$3,773$2,377$1,447$857$497$318
41 years$3,640$2,263$1,357$791$451$285
42 years$3,514$2,155$1,273$730$409$255
43 years$3,394$2,053$1,194$673$372$228
44 years$3,279$1,957$1,121$622$337$204
45 years$3,170$1,866$1,052$574$306$183
46 years$3,066$1,780$989$530$278$164
47 years$2,967$1,699$929$490$252$147
48 years$2,872$1,622$873$453$229$131
49 years$2,782$1,549$820$419$208$118
50 years$2,695$1,480$771$387$189$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,760,000, adding $3,450 every year, while hoping to spend $30,316 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: 64/8/28 Blend
53$2,760,000$2,760,000$2,760,000$2,760,000
54$3,045,079$2,898,799$2,856,019$3,217,095
55$3,323,421$3,008,584$2,919,439$3,443,785
56$3,629,138$3,122,732$2,983,968$3,687,733
57$3,964,989$3,241,426$3,049,611$3,953,642
58$4,334,017$3,364,855$3,116,372$4,243,672
59$4,739,571$3,493,216$3,184,254$4,560,204
60$5,185,340$3,626,717$3,253,260$4,905,859
61$5,675,392$3,765,573$3,323,391$5,283,523
62$6,214,205$3,910,010$3,394,648$5,696,375
63$6,806,714$4,060,261$3,467,029$6,147,914
64$7,458,358$4,216,572$3,540,533$6,641,995
65$8,175,125$4,379,199$3,615,156$7,182,865
66$8,963,618$4,548,409$3,690,893$7,775,199
67$9,831,107$4,724,482$3,767,739$8,424,148
68$10,785,606$4,907,708$3,845,684$9,135,385
69$11,835,944$5,098,391$3,924,721$9,915,160
70$12,991,847$5,296,850$4,004,836$10,770,357
71$14,264,035$5,503,414$4,086,017$11,708,560
72$15,664,317$5,718,432$4,168,249$12,738,123
73$17,205,706$5,942,264$4,251,514$13,868,248
74$18,902,541$6,175,288$4,335,793$15,109,076
75$20,770,622$6,417,899$4,421,064$16,471,775
76$22,827,358$6,670,508$4,507,302$17,968,653
77$25,091,932$6,933,547$4,594,480$19,613,266
78$27,585,482$7,207,464$4,682,568$21,420,554
79$30,331,301$7,492,729$4,771,534$23,406,972
80$33,355,055$7,789,834$4,861,341$25,590,654
81$36,685,025$8,099,290$4,951,951$27,991,579
82$40,352,376$8,421,634$5,043,320$30,631,759
83$44,391,450$8,757,426$5,135,402$33,535,448
84$48,840,088$9,107,250$5,228,148$36,729,370
85$53,739,989$9,471,717$5,321,504$40,242,970
86$59,137,104$9,851,467$5,415,410$44,108,693
87$65,082,068$10,247,168$5,509,805$48,362,289
88$71,630,676$10,659,517$5,604,621$53,043,149
89$78,844,415$11,089,243$5,699,786$58,194,678
90$86,791,039$11,537,109$5,795,222$63,864,704
91$95,545,209$12,003,913$5,890,847$70,105,928
92$105,189,202$12,490,486$5,986,572$76,976,422
93$115,813,682$12,997,701$6,082,303$84,540,174
94$127,518,556$13,526,467$6,177,939$92,867,697
95$140,413,922$14,077,737$6,273,373$102,036,687
96$154,621,102$14,652,506$6,368,491$112,132,763
97$170,273,791$15,251,815$6,463,172$123,250,269
98$187,519,316$15,876,752$6,557,286$135,493,166
99$206,520,029$16,528,456$6,650,698$148,976,014
100$227,454,837$17,208,115$6,743,262$163,825,052