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%16.7%
1 years$231,221$229,162$227,152$225,191$223,276$217,174
2 years$114,466$112,334$110,268$108,265$106,322$100,219
3 years$75,553$73,412$71,351$69,366$67,455$61,542
4 years$56,100$53,965$51,925$49,975$48,109$42,432
5 years$44,431$42,309$40,296$38,385$36,572$31,145
6 years$36,655$34,549$32,565$30,697$28,938$23,767
7 years$31,102$29,014$27,062$25,238$23,535$18,620
8 years$26,940$24,870$22,951$21,171$19,524$14,864
9 years$23,704$21,654$19,767$18,033$16,442$12,031
10 years$21,117$19,087$17,234$15,545$14,010$9,842
11 years$19,001$16,992$15,172$13,529$12,049$8,118
12 years$17,240$15,251$13,465$11,866$10,441$6,741
13 years$15,750$13,783$12,030$10,476$9,105$5,626
14 years$14,475$12,528$10,809$9,300$7,981$4,717
15 years$13,370$11,445$9,759$8,294$7,027$3,968
16 years$12,405$10,500$8,848$7,426$6,211$3,348
17 years$11,554$9,670$8,051$6,672$5,507$2,831
18 years$10,799$8,936$7,350$6,013$4,896$2,399
19 years$10,123$8,282$6,728$5,433$4,364$2,037
20 years$9,516$7,696$6,175$4,921$3,898$1,731
21 years$8,968$7,168$5,680$4,466$3,489$1,473
22 years$8,470$6,691$5,235$4,061$3,127$1,255
23 years$8,016$6,258$4,833$3,698$2,807$1,070
24 years$7,601$5,864$4,470$3,373$2,523$913
25 years$7,219$5,503$4,140$3,080$2,270$780
26 years$6,867$5,172$3,840$2,816$2,045$666
27 years$6,542$4,867$3,566$2,578$1,844$569
28 years$6,241$4,586$3,315$2,362$1,664$487
29 years$5,961$4,327$3,085$2,166$1,502$416
30 years$5,700$4,086$2,873$1,988$1,357$356
31 years$5,456$3,863$2,679$1,826$1,227$305
32 years$5,228$3,655$2,499$1,678$1,110$261
33 years$5,014$3,461$2,334$1,543$1,005$223
34 years$4,814$3,280$2,180$1,420$910$191
35 years$4,625$3,111$2,038$1,307$824$164
36 years$4,447$2,953$1,907$1,204$746$140
37 years$4,279$2,805$1,785$1,109$677$120
38 years$4,120$2,666$1,671$1,022$613$103
39 years$3,970$2,535$1,566$942$556$88
40 years$3,828$2,412$1,468$869$504$75
41 years$3,693$2,296$1,376$802$458$65
42 years$3,565$2,186$1,291$740$415$55
43 years$3,443$2,083$1,211$683$377$47
44 years$3,327$1,986$1,137$631$342$41
45 years$3,216$1,893$1,068$583$311$35
46 years$3,111$1,806$1,003$538$282$30
47 years$3,010$1,724$942$497$256$26
48 years$2,914$1,646$885$459$233$22
49 years$2,822$1,571$832$425$211$19
50 years$2,734$1,501$782$392$192$16

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 $3,312 every year, while hoping to spend $45,162 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: 63/24/13 Blend
53$2,800,000$2,800,000$2,800,000$2,800,000
54$3,089,016$2,940,616$2,897,216$3,273,891
55$3,356,044$3,036,655$2,946,221$3,494,177
56$3,648,795$3,135,885$2,995,354$3,729,127
57$3,969,845$3,238,416$3,044,571$3,984,571
58$4,322,032$3,344,361$3,093,827$4,262,500
59$4,708,480$3,453,836$3,143,071$4,565,107
60$5,132,633$3,566,962$3,192,252$4,894,805
61$5,598,282$3,683,863$3,241,313$5,254,251
62$6,109,603$3,804,670$3,290,194$5,646,369
63$6,671,199$3,929,515$3,338,831$6,074,380
64$7,288,138$4,058,537$3,387,159$6,541,827
65$7,966,003$4,191,881$3,435,104$7,052,616
66$8,710,947$4,329,695$3,482,591$7,611,042
67$9,529,746$4,472,132$3,529,541$8,221,841
68$10,429,867$4,619,353$3,575,867$8,890,223
69$11,419,534$4,771,522$3,621,479$9,621,930
70$12,507,811$4,928,811$3,666,283$10,423,284
71$13,704,682$5,091,397$3,710,178$11,301,247
72$15,021,147$5,259,464$3,753,057$12,263,490
73$16,469,328$5,433,201$3,794,807$13,318,459
74$18,062,578$5,612,806$3,835,312$14,475,461
75$19,815,610$5,798,483$3,874,444$15,744,744
76$21,744,637$5,990,444$3,912,073$17,137,600
77$23,867,522$6,188,908$3,948,060$18,666,468
78$26,203,947$6,394,101$3,982,257$20,345,049
79$28,775,598$6,606,260$4,014,511$22,188,438
80$31,606,371$6,825,629$4,044,659$24,213,266
81$34,722,596$7,052,460$4,072,530$26,437,852
82$38,153,286$7,287,016$4,097,945$28,882,382
83$41,930,409$7,529,568$4,120,715$31,569,093
84$46,089,192$7,780,398$4,140,640$34,522,485
85$50,668,450$8,039,798$4,157,512$37,769,553
86$55,710,955$8,308,071$4,171,111$41,340,038
87$61,263,836$8,585,530$4,181,206$45,266,709
88$67,379,027$8,872,501$4,187,557$49,585,671
89$74,113,755$9,169,321$4,189,908$54,336,705
90$81,531,081$9,476,341$4,187,993$59,563,645
91$89,700,493$9,793,923$4,181,532$65,314,788
92$98,698,562$10,122,443$4,170,231$71,643,348
93$108,609,665$10,462,293$4,153,784$78,607,965
94$119,526,782$10,813,876$4,131,867$86,273,248
95$131,552,371$11,177,614$4,104,142$94,710,391
96$144,799,336$11,553,941$4,070,255$103,997,841
97$159,392,094$11,943,309$4,029,834$114,222,039
98$175,467,745$12,346,189$3,982,490$125,478,236
99$193,177,369$12,763,065$3,927,817$137,871,389
100$212,687,449$13,194,444$3,865,388$151,517,149