Can I retire at age 54 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$235,350$233,254$231,209$229,212$227,263$226,210
2 years$116,510$114,340$112,237$110,198$108,220$107,158
3 years$76,902$74,723$72,625$70,605$68,660$67,620
4 years$57,102$54,929$52,852$50,867$48,969$47,960
5 years$45,225$43,065$41,016$39,071$37,225$36,250
6 years$37,309$35,166$33,147$31,245$29,455$28,516
7 years$31,657$29,532$27,545$25,688$23,955$23,051
8 years$27,421$25,315$23,360$21,549$19,873$19,005
9 years$24,127$22,041$20,120$18,355$16,736$15,904
10 years$21,494$19,428$17,541$15,822$14,260$13,463
11 years$19,341$17,296$15,443$13,770$12,264$11,502
12 years$17,548$15,524$13,705$12,078$10,628$9,899
13 years$16,032$14,029$12,245$10,663$9,267$8,573
14 years$14,733$12,752$11,002$9,466$8,124$7,462
15 years$13,609$11,649$9,933$8,442$7,153$6,522
16 years$12,627$10,688$9,006$7,559$6,322$5,722
17 years$11,760$9,843$8,195$6,791$5,605$5,036
18 years$10,991$9,095$7,481$6,120$4,984$4,444
19 years$10,304$8,429$6,849$5,530$4,442$3,930
20 years$9,686$7,833$6,285$5,009$3,968$3,483
21 years$9,128$7,296$5,781$4,546$3,551$3,092
22 years$8,621$6,811$5,328$4,133$3,183$2,749
23 years$8,159$6,370$4,920$3,764$2,857$2,448
24 years$7,736$5,968$4,550$3,433$2,568$2,182
25 years$7,348$5,601$4,214$3,135$2,311$1,947
26 years$6,990$5,264$3,908$2,867$2,082$1,739
27 years$6,659$4,954$3,629$2,624$1,877$1,555
28 years$6,352$4,668$3,374$2,404$1,693$1,391
29 years$6,067$4,404$3,140$2,205$1,529$1,245
30 years$5,801$4,159$2,925$2,023$1,382$1,115
31 years$5,553$3,932$2,726$1,858$1,249$999
32 years$5,321$3,720$2,544$1,708$1,130$896
33 years$5,104$3,523$2,375$1,570$1,023$803
34 years$4,900$3,339$2,219$1,445$926$721
35 years$4,708$3,167$2,075$1,330$839$647
36 years$4,526$3,006$1,941$1,225$760$581
37 years$4,356$2,855$1,817$1,129$689$522
38 years$4,194$2,713$1,701$1,040$624$469
39 years$4,041$2,580$1,594$959$566$421
40 years$3,896$2,455$1,494$885$513$378
41 years$3,759$2,337$1,401$816$466$340
42 years$3,628$2,225$1,314$753$423$306
43 years$3,504$2,120$1,233$695$384$275
44 years$3,386$2,021$1,157$642$348$247
45 years$3,274$1,927$1,087$593$316$222
46 years$3,166$1,839$1,021$548$287$200
47 years$3,064$1,755$959$506$261$180
48 years$2,966$1,675$901$468$237$162
49 years$2,872$1,599$847$432$215$145
50 years$2,783$1,528$796$399$195$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,850,000, adding $3,298 every year, while hoping to spend $54,356 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: 47/35/18 Blend
53$2,850,000$2,850,000$2,850,000$2,850,000
54$3,144,102$2,993,052$2,948,877$3,275,693
55$3,406,966$3,081,877$2,989,830$3,456,426
56$3,694,820$3,173,233$3,030,333$3,646,723
57$4,010,157$3,267,186$3,070,314$3,852,115
58$4,355,719$3,363,804$3,109,696$4,074,033
59$4,734,529$3,463,158$3,148,397$4,314,053
60$5,149,916$3,565,317$3,186,333$4,573,910
61$5,605,544$3,670,355$3,223,413$4,855,512
62$6,105,452$3,778,345$3,259,540$5,160,960
63$6,654,088$3,889,363$3,294,613$5,492,566
64$7,256,349$4,003,486$3,328,527$5,852,877
65$7,917,633$4,120,793$3,361,169$6,244,695
66$8,643,883$4,241,364$3,392,420$6,671,107
67$9,441,649$4,365,280$3,422,156$7,135,512
68$10,318,143$4,492,625$3,450,244$7,641,651
69$11,281,314$4,623,483$3,476,547$8,193,647
70$12,339,915$4,757,942$3,500,919$8,796,040
71$13,503,593$4,896,087$3,523,206$9,453,827
72$14,782,974$5,038,010$3,543,248$10,172,518
73$16,189,765$5,183,800$3,560,874$10,958,177
74$17,736,865$5,333,550$3,575,908$11,817,486
75$19,438,485$5,487,354$3,588,160$12,757,805
76$21,310,283$5,645,307$3,597,436$13,787,242
77$23,369,510$5,807,505$3,603,528$14,914,731
78$25,635,174$5,974,046$3,606,220$16,150,112
79$28,128,217$6,145,031$3,605,285$17,504,226
80$30,871,717$6,320,558$3,600,483$18,989,019
81$33,891,097$6,500,731$3,591,565$20,617,649
82$37,214,374$6,685,652$3,578,267$22,404,618
83$40,872,416$6,875,425$3,560,315$24,365,899
84$44,899,237$7,070,155$3,537,420$26,519,096
85$49,332,316$7,269,949$3,509,280$28,883,602
86$54,212,949$7,474,914$3,475,578$31,480,789
87$59,586,643$7,685,157$3,435,983$34,334,204
88$65,503,538$7,900,787$3,390,146$37,469,791
89$72,018,886$8,121,914$3,337,703$40,916,142
90$79,193,571$8,348,646$3,278,275$44,704,760
91$87,094,680$8,581,094$3,211,461$48,870,358
92$95,796,138$8,819,368$3,136,846$53,451,188
93$105,379,405$9,063,578$3,053,991$58,489,402
94$115,934,245$9,313,834$2,962,441$64,031,447
95$127,559,572$9,570,247$2,861,717$70,128,508
96$140,364,384$9,832,924$2,751,320$76,836,985
97$154,468,790$10,101,976$2,630,727$84,219,031
98$170,005,142$10,377,509$2,499,393$92,343,136
99$187,119,290$10,659,630$2,356,746$101,284,774
100$205,971,950$10,948,444$2,202,189$111,127,113