Can I retire at age 54 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$230,396$228,343$226,341$224,387$222,479$214,329
2 years$114,057$111,933$109,874$107,878$105,942$97,823
3 years$75,283$73,149$71,096$69,119$67,214$59,379
4 years$55,899$53,773$51,740$49,796$47,938$40,448
5 years$44,272$42,158$40,152$38,248$36,441$29,316
6 years$36,524$34,425$32,449$30,587$28,835$22,079
7 years$30,991$28,910$26,965$25,148$23,450$17,062
8 years$26,843$24,782$22,869$21,096$19,454$13,429
9 years$23,619$21,577$19,697$17,969$16,383$10,712
10 years$21,041$19,019$17,172$15,489$13,960$8,632
11 years$18,933$16,931$15,118$13,480$12,006$7,010
12 years$17,178$15,197$13,417$11,824$10,404$5,729
13 years$15,694$13,733$11,987$10,439$9,072$4,704
14 years$14,423$12,483$10,770$9,266$7,953$3,878
15 years$13,323$11,404$9,724$8,264$7,002$3,208
16 years$12,361$10,463$8,816$7,400$6,189$2,660
17 years$11,513$9,636$8,023$6,648$5,487$2,210
18 years$10,760$8,904$7,324$5,992$4,879$1,840
19 years$10,087$8,252$6,704$5,414$4,349$1,534
20 years$9,482$7,668$6,153$4,903$3,884$1,280
21 years$8,936$7,143$5,660$4,450$3,476$1,069
22 years$8,440$6,667$5,216$4,046$3,116$894
23 years$7,987$6,236$4,816$3,685$2,797$748
24 years$7,573$5,843$4,454$3,361$2,514$626
25 years$7,193$5,483$4,125$3,069$2,262$525
26 years$6,843$5,153$3,826$2,806$2,038$440
27 years$6,519$4,850$3,553$2,569$1,837$368
28 years$6,218$4,570$3,303$2,354$1,658$309
29 years$5,939$4,311$3,074$2,158$1,497$259
30 years$5,679$4,071$2,863$1,981$1,353$217
31 years$5,436$3,849$2,669$1,819$1,223$182
32 years$5,209$3,642$2,490$1,672$1,106$153
33 years$4,996$3,449$2,325$1,537$1,001$128
34 years$4,797$3,269$2,173$1,415$906$108
35 years$4,608$3,100$2,031$1,302$821$90
36 years$4,431$2,943$1,900$1,199$744$76
37 years$4,264$2,795$1,778$1,105$674$64
38 years$4,106$2,656$1,665$1,018$611$53
39 years$3,956$2,526$1,560$939$554$45
40 years$3,814$2,403$1,463$866$503$38
41 years$3,680$2,287$1,371$799$456$32
42 years$3,552$2,178$1,286$738$414$27
43 years$3,431$2,076$1,207$681$376$22
44 years$3,315$1,978$1,133$629$341$19
45 years$3,205$1,887$1,064$581$309$16
46 years$3,100$1,800$999$536$281$13
47 years$2,999$1,718$939$495$255$11
48 years$2,903$1,640$882$458$232$9
49 years$2,812$1,566$829$423$210$8
50 years$2,724$1,496$780$391$191$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,790,000, adding $2,218 every year, while hoping to spend $26,549 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: 48/37/15 Blend
53$2,790,000$2,790,000$2,790,000$2,790,000
54$3,076,868$2,928,998$2,885,753$3,211,571
55$3,362,460$3,044,271$2,954,178$3,420,188
56$3,676,294$3,164,302$3,024,005$3,643,671
57$4,021,220$3,289,298$3,095,253$3,885,749
58$4,400,382$3,419,471$3,167,942$4,148,171
59$4,817,242$3,555,046$3,242,089$4,432,860
60$5,275,615$3,696,257$3,317,713$4,741,925
61$5,779,702$3,843,348$3,394,831$5,077,687
62$6,334,135$3,996,575$3,473,461$5,442,699
63$6,944,014$4,156,205$3,553,619$5,839,764
64$7,614,960$4,322,516$3,635,322$6,271,966
65$8,353,167$4,495,800$3,718,586$6,742,697
66$9,165,457$4,676,361$3,803,426$7,255,688
67$10,059,349$4,864,519$3,889,857$7,815,040
68$11,043,128$5,060,605$3,977,892$8,425,267
69$12,125,920$5,264,967$4,067,544$9,091,334
70$13,317,783$5,477,970$4,158,826$9,818,705
71$14,629,799$5,699,993$4,251,749$10,613,390
72$16,074,180$5,931,434$4,346,324$11,482,006
73$17,664,380$6,172,708$4,442,559$12,431,831
74$19,415,225$6,424,249$4,540,463$13,470,878
75$21,343,052$6,686,511$4,640,043$14,607,967
76$23,465,863$6,959,970$4,741,305$15,852,804
77$25,803,494$7,245,122$4,844,251$17,216,076
78$28,377,803$7,542,486$4,948,886$18,709,546
79$31,212,876$7,852,604$5,055,211$20,346,166
80$34,335,253$8,176,045$5,163,224$22,140,196
81$37,774,181$8,513,403$5,272,924$24,107,335
82$41,561,886$8,865,299$5,384,306$26,264,872
83$45,733,881$9,232,381$5,497,363$28,631,841
84$50,329,299$9,615,330$5,612,087$31,229,206
85$55,391,263$10,014,857$5,728,467$34,080,050
86$60,967,291$10,431,704$5,846,490$37,209,795
87$67,109,746$10,866,649$5,966,139$40,646,440
88$73,876,331$11,320,506$6,087,395$44,420,820
89$81,330,632$11,794,126$6,210,238$48,566,895
90$89,542,718$12,288,399$6,334,642$53,122,072
91$98,589,801$12,804,256$6,460,579$58,127,550
92$108,556,969$13,342,674$6,588,017$63,628,711
93$119,537,985$13,904,670$6,716,921$69,675,543
94$131,636,174$14,491,313$6,847,251$76,323,107
95$144,965,394$15,103,718$6,978,965$83,632,059
96$159,651,119$15,743,055$7,112,015$91,669,213
97$175,831,615$16,410,546$7,246,349$100,508,175
98$193,659,247$17,107,470$7,381,909$110,230,028
99$213,301,921$17,835,167$7,518,634$120,924,098
100$234,944,666$18,595,039$7,656,457$132,688,790