Can I retire at age 54 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$228,744$226,706$224,719$222,778$220,884$216,512
2 years$113,240$111,131$109,087$107,105$105,183$100,797
3 years$74,743$72,625$70,586$68,623$66,732$62,469
4 years$55,499$53,387$51,369$49,439$47,594$43,486
5 years$43,955$41,856$39,864$37,974$36,180$32,240
6 years$36,262$34,179$32,216$30,368$28,628$24,859
7 years$30,769$28,703$26,772$24,967$23,282$19,685
8 years$26,651$24,604$22,705$20,944$19,315$15,889
9 years$23,450$21,422$19,556$17,840$16,266$13,009
10 years$20,890$18,883$17,049$15,378$13,859$10,768
11 years$18,798$16,810$15,010$13,384$11,920$8,991
12 years$17,055$15,088$13,321$11,739$10,329$7,558
13 years$15,582$13,635$11,901$10,364$9,007$6,389
14 years$14,320$12,394$10,693$9,200$7,896$5,426
15 years$13,227$11,322$9,655$8,205$6,952$4,626
16 years$12,272$10,388$8,753$7,347$6,144$3,956
17 years$11,430$9,567$7,965$6,601$5,448$3,392
18 years$10,683$8,840$7,271$5,949$4,844$2,915
19 years$10,015$8,193$6,656$5,375$4,318$2,510
20 years$9,414$7,613$6,109$4,868$3,857$2,164
21 years$8,872$7,091$5,619$4,418$3,451$1,869
22 years$8,379$6,620$5,179$4,017$3,093$1,616
23 years$7,930$6,191$4,782$3,659$2,777$1,398
24 years$7,519$5,801$4,422$3,337$2,496$1,211
25 years$7,141$5,444$4,096$3,047$2,246$1,050
26 years$6,794$5,116$3,799$2,786$2,023$911
27 years$6,472$4,815$3,527$2,550$1,824$790
28 years$6,174$4,537$3,279$2,337$1,646$686
29 years$5,897$4,280$3,052$2,143$1,486$596
30 years$5,639$4,042$2,842$1,967$1,343$518
31 years$5,398$3,821$2,650$1,806$1,214$450
32 years$5,172$3,616$2,472$1,660$1,098$392
33 years$4,961$3,424$2,309$1,526$994$341
34 years$4,762$3,245$2,157$1,404$900$296
35 years$4,575$3,078$2,017$1,293$815$258
36 years$4,399$2,922$1,886$1,191$738$224
37 years$4,233$2,775$1,766$1,097$669$195
38 years$4,076$2,637$1,654$1,011$607$170
39 years$3,928$2,508$1,549$932$550$148
40 years$3,787$2,386$1,452$860$499$129
41 years$3,653$2,271$1,362$793$453$112
42 years$3,527$2,163$1,277$732$411$98
43 years$3,406$2,061$1,198$676$373$85
44 years$3,291$1,964$1,125$624$338$74
45 years$3,182$1,873$1,056$576$307$64
46 years$3,077$1,787$992$532$279$56
47 years$2,978$1,705$932$492$253$49
48 years$2,883$1,628$876$455$230$43
49 years$2,792$1,555$823$420$209$37
50 years$2,704$1,485$774$388$190$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,770,000, adding $4,996 every year, while hoping to spend $20,313 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: 59/30/11 Blend
53$2,770,000$2,770,000$2,770,000$2,770,000
54$3,057,693$2,910,883$2,867,948$3,229,744
55$3,347,965$3,031,904$2,942,412$3,467,126
56$3,667,164$3,158,173$3,018,689$3,723,125
57$4,018,219$3,289,928$3,096,819$4,001,774
58$4,404,357$3,427,414$3,176,842$4,305,255
59$4,829,134$3,570,890$3,258,799$4,635,964
60$5,296,467$3,720,625$3,342,730$4,996,539
61$5,810,674$3,876,903$3,428,679$5,389,880
62$6,376,509$4,040,018$3,516,686$5,819,176
63$6,999,214$4,210,279$3,606,796$6,287,939
64$7,684,562$4,388,011$3,699,052$6,800,027
65$8,438,916$4,573,552$3,793,499$7,359,690
66$9,269,285$4,767,256$3,890,181$7,971,603
67$10,183,394$4,969,494$3,989,144$8,640,909
68$11,189,755$5,180,654$4,090,435$9,373,269
69$12,297,746$5,401,142$4,194,100$10,174,915
70$13,517,701$5,631,383$4,300,187$11,052,705
71$14,861,007$5,871,821$4,408,744$12,014,189
72$16,340,212$6,122,923$4,519,820$13,067,675
73$17,969,143$6,385,175$4,633,463$14,222,314
74$19,763,034$6,659,088$4,749,723$15,488,178
75$21,738,676$6,945,195$4,868,651$16,876,355
76$23,914,567$7,244,055$4,990,296$18,399,056
77$26,311,093$7,556,254$5,114,711$20,069,725
78$28,950,717$7,882,404$5,241,948$21,903,166
79$31,858,194$8,223,146$5,372,057$23,915,681
80$35,060,801$8,579,151$5,505,091$26,125,224
81$38,588,595$8,951,121$5,641,104$28,551,563
82$42,474,700$9,339,794$5,780,149$31,216,473
83$46,755,614$9,745,939$5,922,279$34,143,933
84$51,471,559$10,170,362$6,067,548$37,360,354
85$56,666,857$10,613,909$6,216,009$40,894,826
86$62,390,349$11,077,463$6,367,718$44,779,390
87$68,695,856$11,561,951$6,522,729$49,049,335
88$75,642,689$12,068,342$6,681,096$53,743,536
89$83,296,204$12,597,651$6,842,873$58,904,813
90$91,728,423$13,150,943$7,008,116$64,580,333
91$101,018,713$13,729,329$7,176,879$70,822,056
92$111,254,533$14,333,978$7,349,215$77,687,220
93$122,532,262$14,966,110$7,525,181$85,238,879
94$134,958,107$15,627,003$7,704,829$93,546,495
95$148,649,107$16,317,999$7,888,213$102,686,593
96$163,734,234$17,040,499$8,075,386$112,743,475
97$180,355,616$17,795,974$8,266,402$123,810,020
98$198,669,874$18,585,962$8,461,312$135,988,549
99$218,849,604$19,412,077$8,660,168$149,391,794
100$241,085,001$20,276,006$8,863,021$164,143,953