Can I retire at age 54 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$231,221$229,162$227,152$225,191$223,276$214,502
2 years$114,466$112,334$110,268$108,265$106,322$97,590
3 years$75,553$73,412$71,351$69,366$67,455$59,039
4 years$56,100$53,965$51,925$49,975$48,109$40,074
5 years$44,431$42,309$40,296$38,385$36,572$28,938
6 years$36,655$34,549$32,565$30,697$28,938$21,711
7 years$31,102$29,014$27,062$25,238$23,535$16,711
8 years$26,940$24,870$22,951$21,171$19,524$13,097
9 years$23,704$21,654$19,767$18,033$16,442$10,402
10 years$21,117$19,087$17,234$15,545$14,010$8,345
11 years$19,001$16,992$15,172$13,529$12,049$6,747
12 years$17,240$15,251$13,465$11,866$10,441$5,488
13 years$15,750$13,783$12,030$10,476$9,105$4,485
14 years$14,475$12,528$10,809$9,300$7,981$3,679
15 years$13,370$11,445$9,759$8,294$7,027$3,028
16 years$12,405$10,500$8,848$7,426$6,211$2,498
17 years$11,554$9,670$8,051$6,672$5,507$2,065
18 years$10,799$8,936$7,350$6,013$4,896$1,710
19 years$10,123$8,282$6,728$5,433$4,364$1,418
20 years$9,516$7,696$6,175$4,921$3,898$1,177
21 years$8,968$7,168$5,680$4,466$3,489$978
22 years$8,470$6,691$5,235$4,061$3,127$813
23 years$8,016$6,258$4,833$3,698$2,807$677
24 years$7,601$5,864$4,470$3,373$2,523$563
25 years$7,219$5,503$4,140$3,080$2,270$469
26 years$6,867$5,172$3,840$2,816$2,045$391
27 years$6,542$4,867$3,566$2,578$1,844$326
28 years$6,241$4,586$3,315$2,362$1,664$272
29 years$5,961$4,327$3,085$2,166$1,502$227
30 years$5,700$4,086$2,873$1,988$1,357$189
31 years$5,456$3,863$2,679$1,826$1,227$158
32 years$5,228$3,655$2,499$1,678$1,110$131
33 years$5,014$3,461$2,334$1,543$1,005$110
34 years$4,814$3,280$2,180$1,420$910$92
35 years$4,625$3,111$2,038$1,307$824$76
36 years$4,447$2,953$1,907$1,204$746$64
37 years$4,279$2,805$1,785$1,109$677$53
38 years$4,120$2,666$1,671$1,022$613$44
39 years$3,970$2,535$1,566$942$556$37
40 years$3,828$2,412$1,468$869$504$31
41 years$3,693$2,296$1,376$802$458$26
42 years$3,565$2,186$1,291$740$415$22
43 years$3,443$2,083$1,211$683$377$18
44 years$3,327$1,986$1,137$631$342$15
45 years$3,216$1,893$1,068$583$311$13
46 years$3,111$1,806$1,003$538$282$10
47 years$3,010$1,724$942$497$256$9
48 years$2,914$1,646$885$459$233$7
49 years$2,822$1,571$832$425$211$6
50 years$2,734$1,501$782$392$192$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,800,000, adding $3,025 every year, while hoping to spend $28,724 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: 66/16/18 Blend
53$2,800,000$2,800,000$2,800,000$2,800,000
54$3,088,720$2,940,320$2,896,920$3,278,652
55$3,373,208$3,053,834$2,963,405$3,519,720
56$3,685,750$3,171,947$3,031,154$3,779,544
57$4,029,179$3,294,854$3,100,180$4,062,877
58$4,406,613$3,422,760$3,170,494$4,372,024
59$4,821,488$3,555,877$3,242,107$4,709,522
60$5,277,592$3,694,426$3,315,029$5,078,163
61$5,779,093$3,838,640$3,389,269$5,481,022
62$6,330,588$3,988,761$3,464,838$5,921,484
63$6,937,140$4,145,042$3,541,741$6,403,275
64$7,604,326$4,307,747$3,619,987$6,930,497
65$8,338,292$4,477,151$3,699,582$7,507,668
66$9,145,810$4,653,544$3,780,530$8,139,763
67$10,034,341$4,837,226$3,862,836$8,832,260
68$11,012,105$5,028,511$3,946,502$9,591,191
69$12,088,160$5,227,729$4,031,530$10,423,199
70$13,272,487$5,435,222$4,117,921$11,335,601
71$14,576,082$5,651,349$4,205,673$12,336,455
72$16,011,063$5,876,485$4,294,783$13,434,638
73$17,590,780$6,111,022$4,385,248$14,639,924
74$19,329,946$6,355,369$4,477,060$15,963,082
75$21,244,772$6,609,953$4,570,213$17,415,973
76$23,353,120$6,875,222$4,664,696$19,011,661
77$25,674,673$7,151,643$4,760,498$20,764,539
78$28,231,120$7,439,703$4,857,605$22,690,462
79$31,046,359$7,739,914$4,956,000$24,806,893
80$34,146,727$8,052,809$5,055,665$27,133,074
81$37,561,241$8,378,945$5,156,578$29,690,200
82$41,321,880$8,718,905$5,258,715$32,501,622
83$45,463,880$9,073,300$5,362,050$35,593,067
84$50,026,069$9,442,765$5,466,553$38,992,877
85$55,051,236$9,827,968$5,572,190$42,732,277
86$60,586,528$10,229,605$5,678,925$46,845,671
87$66,683,902$10,648,404$5,786,717$51,370,961
88$73,400,612$11,085,127$5,895,523$56,349,910
89$80,799,746$11,540,570$6,005,295$61,828,529
90$88,950,829$12,015,567$6,115,982$67,857,513
91$97,930,472$12,510,988$6,227,525$74,492,720
92$107,823,098$13,027,744$6,339,865$81,795,695
93$118,721,739$13,566,789$6,452,936$89,834,248
94$130,728,913$14,129,118$6,566,666$98,683,099
95$143,957,592$14,715,775$6,680,979$108,424,574
96$158,532,268$15,327,849$6,795,793$119,149,386
97$174,590,127$15,966,481$6,911,020$130,957,491
98$192,282,346$16,632,865$7,026,565$143,959,024
99$211,775,518$17,328,248$7,142,328$158,275,343
100$233,253,226$18,053,937$7,258,201$174,040,171