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%14.2%
1 years$231,221$229,162$227,152$225,191$223,276$219,397
2 years$114,466$112,334$110,268$108,265$106,322$102,426
3 years$75,553$73,412$71,351$69,366$67,455$63,664
4 years$56,100$53,965$51,925$49,975$48,109$44,453
5 years$44,431$42,309$40,296$38,385$36,572$33,060
6 years$36,655$34,549$32,565$30,697$28,938$25,574
7 years$31,102$29,014$27,062$25,238$23,535$20,320
8 years$26,940$24,870$22,951$21,171$19,524$16,459
9 years$23,704$21,654$19,767$18,033$16,442$13,524
10 years$21,117$19,087$17,234$15,545$14,010$11,236
11 years$19,001$16,992$15,172$13,529$12,049$9,416
12 years$17,240$15,251$13,465$11,866$10,441$7,947
13 years$15,750$13,783$12,030$10,476$9,105$6,745
14 years$14,475$12,528$10,809$9,300$7,981$5,751
15 years$13,370$11,445$9,759$8,294$7,027$4,923
16 years$12,405$10,500$8,848$7,426$6,211$4,228
17 years$11,554$9,670$8,051$6,672$5,507$3,641
18 years$10,799$8,936$7,350$6,013$4,896$3,142
19 years$10,123$8,282$6,728$5,433$4,364$2,718
20 years$9,516$7,696$6,175$4,921$3,898$2,354
21 years$8,968$7,168$5,680$4,466$3,489$2,042
22 years$8,470$6,691$5,235$4,061$3,127$1,774
23 years$8,016$6,258$4,833$3,698$2,807$1,542
24 years$7,601$5,864$4,470$3,373$2,523$1,342
25 years$7,219$5,503$4,140$3,080$2,270$1,169
26 years$6,867$5,172$3,840$2,816$2,045$1,019
27 years$6,542$4,867$3,566$2,578$1,844$889
28 years$6,241$4,586$3,315$2,362$1,664$775
29 years$5,961$4,327$3,085$2,166$1,502$677
30 years$5,700$4,086$2,873$1,988$1,357$591
31 years$5,456$3,863$2,679$1,826$1,227$516
32 years$5,228$3,655$2,499$1,678$1,110$451
33 years$5,014$3,461$2,334$1,543$1,005$394
34 years$4,814$3,280$2,180$1,420$910$345
35 years$4,625$3,111$2,038$1,307$824$302
36 years$4,447$2,953$1,907$1,204$746$264
37 years$4,279$2,805$1,785$1,109$677$231
38 years$4,120$2,666$1,671$1,022$613$202
39 years$3,970$2,535$1,566$942$556$177
40 years$3,828$2,412$1,468$869$504$155
41 years$3,693$2,296$1,376$802$458$135
42 years$3,565$2,186$1,291$740$415$118
43 years$3,443$2,083$1,211$683$377$104
44 years$3,327$1,986$1,137$631$342$91
45 years$3,216$1,893$1,068$583$311$79
46 years$3,111$1,806$1,003$538$282$69
47 years$3,010$1,724$942$497$256$61
48 years$2,914$1,646$885$459$233$53
49 years$2,822$1,571$832$425$211$47
50 years$2,734$1,501$782$392$192$41

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 $5,351 every year, while hoping to spend $47,603 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: 72/19/9 Blend
53$2,800,000$2,800,000$2,800,000$2,800,000
54$3,091,120$2,942,720$2,899,320$3,308,338
55$3,355,765$3,036,264$2,945,798$3,546,103
56$3,645,808$3,132,796$2,992,237$3,799,931
57$3,963,790$3,232,412$3,038,587$4,076,538
58$4,312,508$3,335,213$3,084,791$4,378,157
59$4,695,045$3,441,299$3,130,793$4,707,251
60$5,114,795$3,550,778$3,176,529$5,066,526
61$5,575,496$3,663,758$3,221,935$5,458,966
62$6,081,266$3,780,352$3,266,940$5,887,854
63$6,636,643$3,900,677$3,311,470$6,356,806
64$7,246,624$4,024,853$3,355,447$6,869,804
65$7,916,714$4,153,005$3,398,789$7,431,234
66$8,652,977$4,285,260$3,441,406$8,045,925
67$9,462,094$4,421,752$3,483,208$8,719,197
68$10,351,427$4,562,617$3,524,094$9,456,906
69$11,329,085$4,707,997$3,563,963$10,265,508
70$12,404,000$4,858,038$3,602,705$11,152,108
71$13,586,016$5,012,890$3,640,204$12,124,536
72$14,885,977$5,172,709$3,676,338$13,191,417
73$16,315,832$5,337,656$3,710,980$14,362,250
74$17,888,743$5,507,898$3,743,994$15,647,502
75$19,619,215$5,683,605$3,775,238$17,058,700
76$21,523,228$5,864,956$3,804,562$18,608,548
77$23,618,391$6,052,132$3,831,809$20,311,037
78$25,924,104$6,245,323$3,856,811$22,181,583
79$28,461,744$6,444,725$3,879,395$24,237,170
80$31,254,864$6,650,539$3,899,378$26,496,511
81$34,329,419$6,862,974$3,916,565$28,980,222
82$37,714,004$7,082,245$3,930,755$31,711,017
83$41,440,132$7,308,573$3,941,734$34,713,922
84$45,542,522$7,542,190$3,949,279$38,016,513
85$50,059,434$7,783,333$3,953,155$41,649,170
86$55,033,026$8,032,245$3,953,115$45,645,371
87$60,509,751$8,289,182$3,948,901$50,042,000
88$66,540,798$8,554,405$3,940,242$54,879,699
89$73,182,572$8,828,183$3,926,853$60,203,251
90$80,497,228$9,110,797$3,908,435$66,061,998
91$88,553,254$9,402,535$3,884,677$72,510,313
92$97,426,122$9,703,695$3,855,249$79,608,107
93$107,198,996$10,014,586$3,819,810$87,421,395
94$117,963,519$10,335,526$3,777,999$96,022,920
95$129,820,676$10,666,845$3,729,440$105,492,839
96$142,881,746$11,008,881$3,673,737$115,919,478
97$157,269,355$11,361,987$3,610,478$127,400,164
98$173,118,631$11,726,526$3,539,231$140,042,146
99$190,578,478$12,102,873$3,459,542$153,963,604
100$209,812,985$12,491,417$3,370,939$169,294,766