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%14.1%
1 years$231,221$229,162$227,152$225,191$223,276$219,487
2 years$114,466$112,334$110,268$108,265$106,322$102,516
3 years$75,553$73,412$71,351$69,366$67,455$63,751
4 years$56,100$53,965$51,925$49,975$48,109$44,536
5 years$44,431$42,309$40,296$38,385$36,572$33,139
6 years$36,655$34,549$32,565$30,697$28,938$25,650
7 years$31,102$29,014$27,062$25,238$23,535$20,391
8 years$26,940$24,870$22,951$21,171$19,524$16,526
9 years$23,704$21,654$19,767$18,033$16,442$13,587
10 years$21,117$19,087$17,234$15,545$14,010$11,295
11 years$19,001$16,992$15,172$13,529$12,049$9,472
12 years$17,240$15,251$13,465$11,866$10,441$7,999
13 years$15,750$13,783$12,030$10,476$9,105$6,794
14 years$14,475$12,528$10,809$9,300$7,981$5,797
15 years$13,370$11,445$9,759$8,294$7,027$4,966
16 years$12,405$10,500$8,848$7,426$6,211$4,267
17 years$11,554$9,670$8,051$6,672$5,507$3,677
18 years$10,799$8,936$7,350$6,013$4,896$3,176
19 years$10,123$8,282$6,728$5,433$4,364$2,749
20 years$9,516$7,696$6,175$4,921$3,898$2,383
21 years$8,968$7,168$5,680$4,466$3,489$2,069
22 years$8,470$6,691$5,235$4,061$3,127$1,798
23 years$8,016$6,258$4,833$3,698$2,807$1,565
24 years$7,601$5,864$4,470$3,373$2,523$1,363
25 years$7,219$5,503$4,140$3,080$2,270$1,188
26 years$6,867$5,172$3,840$2,816$2,045$1,036
27 years$6,542$4,867$3,566$2,578$1,844$905
28 years$6,241$4,586$3,315$2,362$1,664$790
29 years$5,961$4,327$3,085$2,166$1,502$690
30 years$5,700$4,086$2,873$1,988$1,357$603
31 years$5,456$3,863$2,679$1,826$1,227$527
32 years$5,228$3,655$2,499$1,678$1,110$461
33 years$5,014$3,461$2,334$1,543$1,005$403
34 years$4,814$3,280$2,180$1,420$910$353
35 years$4,625$3,111$2,038$1,307$824$309
36 years$4,447$2,953$1,907$1,204$746$270
37 years$4,279$2,805$1,785$1,109$677$237
38 years$4,120$2,666$1,671$1,022$613$207
39 years$3,970$2,535$1,566$942$556$182
40 years$3,828$2,412$1,468$869$504$159
41 years$3,693$2,296$1,376$802$458$139
42 years$3,565$2,186$1,291$740$415$122
43 years$3,443$2,083$1,211$683$377$107
44 years$3,327$1,986$1,137$631$342$94
45 years$3,216$1,893$1,068$583$311$82
46 years$3,111$1,806$1,003$538$282$72
47 years$3,010$1,724$942$497$256$63
48 years$2,914$1,646$885$459$233$55
49 years$2,822$1,571$832$425$211$48
50 years$2,734$1,501$782$392$192$42

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 $4,428 every year, while hoping to spend $59,023 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: 52/43/5 Blend
53$2,800,000$2,800,000$2,800,000$2,800,000
54$3,090,167$2,941,767$2,898,367$3,247,160
55$3,342,565$3,023,114$2,932,663$3,435,364
56$3,618,728$3,106,468$2,966,129$3,633,094
57$3,921,019$3,191,867$2,998,675$3,846,677
58$4,252,040$3,279,345$3,030,207$4,077,612
59$4,614,653$3,368,938$3,060,625$4,327,553
60$5,012,014$3,460,682$3,089,822$4,598,318
61$5,447,595$3,554,611$3,117,687$4,891,908
62$5,925,223$3,650,760$3,144,102$5,210,523
63$6,449,111$3,749,163$3,168,945$5,556,588
64$7,023,900$3,849,852$3,192,084$5,932,771
65$7,654,703$3,952,859$3,213,384$6,342,009
66$8,347,150$4,058,217$3,232,700$6,787,535
67$9,107,444$4,165,954$3,249,880$7,272,909
68$9,942,418$4,276,101$3,264,766$7,802,053
69$10,859,599$4,388,684$3,277,190$8,379,284
70$11,867,279$4,503,730$3,286,976$9,009,356
71$12,974,592$4,621,263$3,293,940$9,697,504
72$14,191,601$4,741,306$3,297,888$10,449,498
73$15,529,394$4,863,879$3,298,617$11,271,688
74$17,000,185$4,989,002$3,295,913$12,171,071
75$18,617,430$5,116,690$3,289,553$13,155,355
76$20,395,956$5,246,955$3,279,301$14,233,029
77$22,352,097$5,379,810$3,264,912$15,413,447
78$24,503,851$5,515,261$3,246,126$16,706,912
79$26,871,047$5,653,312$3,222,675$18,124,775
80$29,475,533$5,793,963$3,194,273$19,679,541
81$32,341,381$5,937,211$3,160,625$21,384,988
82$35,495,115$6,083,047$3,121,418$23,256,295
83$38,965,959$6,231,459$3,076,329$25,310,188
84$42,786,115$6,382,429$3,025,014$27,565,094
85$46,991,065$6,535,933$2,967,118$30,041,316
86$51,619,903$6,691,944$2,902,266$32,761,227
87$56,715,709$6,850,425$2,830,068$35,749,475
88$62,325,950$7,011,335$2,750,114$39,033,222
89$68,502,931$7,174,624$2,661,977$42,642,397
90$75,304,286$7,340,237$2,565,209$46,609,977
91$82,793,522$7,508,107$2,459,342$50,972,303
92$91,040,617$7,678,161$2,343,886$55,769,417
93$100,122,685$7,850,315$2,218,331$61,045,443
94$110,124,695$8,024,477$2,082,141$66,849,004
95$121,140,280$8,200,542$1,934,759$73,233,678
96$133,272,614$8,378,394$1,775,599$80,258,509
97$146,635,391$8,557,906$1,604,052$87,988,557
98$161,353,894$8,738,936$1,419,480$96,495,519
99$177,566,177$8,921,330$1,221,219$105,858,402
100$195,424,371$9,104,919$1,008,573$116,164,271