Can I retire at age 54 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$236,176$234,072$232,020$230,017$228,060$219,358
2 years$116,919$114,741$112,631$110,585$108,600$99,936
3 years$77,172$74,985$72,880$70,853$68,900$60,546
4 years$57,302$55,122$53,038$51,045$49,140$41,159
5 years$45,383$43,216$41,159$39,208$37,356$29,769
6 years$37,440$35,289$33,263$31,355$29,558$22,371
7 years$31,769$29,636$27,642$25,779$24,039$17,248
8 years$27,517$25,403$23,442$21,625$19,943$13,543
9 years$24,212$22,118$20,191$18,420$16,794$10,776
10 years$21,569$19,496$17,603$15,878$14,310$8,661
11 years$19,408$17,356$15,497$13,819$12,307$7,016
12 years$17,609$15,578$13,753$12,121$10,665$5,718
13 years$16,088$14,078$12,288$10,701$9,300$4,683
14 years$14,785$12,796$11,041$9,499$8,152$3,850
15 years$13,657$11,690$9,968$8,471$7,178$3,175
16 years$12,671$10,725$9,038$7,585$6,344$2,625
17 years$11,802$9,878$8,224$6,815$5,625$2,175
18 years$11,030$9,127$7,507$6,142$5,001$1,805
19 years$10,340$8,459$6,873$5,550$4,458$1,500
20 years$9,720$7,861$6,307$5,026$3,982$1,248
21 years$9,160$7,322$5,802$4,562$3,563$1,040
22 years$8,651$6,835$5,347$4,148$3,194$867
23 years$8,188$6,392$4,937$3,777$2,867$723
24 years$7,763$5,989$4,566$3,445$2,577$603
25 years$7,374$5,621$4,229$3,146$2,319$504
26 years$7,014$5,282$3,922$2,877$2,089$421
27 years$6,682$4,971$3,642$2,633$1,883$351
28 years$6,374$4,684$3,386$2,413$1,699$294
29 years$6,088$4,419$3,151$2,212$1,534$245
30 years$5,822$4,174$2,935$2,030$1,386$205
31 years$5,573$3,945$2,736$1,865$1,253$172
32 years$5,340$3,733$2,553$1,714$1,134$144
33 years$5,122$3,535$2,384$1,576$1,026$120
34 years$4,917$3,351$2,227$1,450$929$100
35 years$4,724$3,178$2,082$1,335$841$84
36 years$4,542$3,016$1,948$1,229$762$70
37 years$4,371$2,865$1,823$1,133$691$59
38 years$4,209$2,723$1,707$1,044$626$49
39 years$4,055$2,589$1,599$963$568$41
40 years$3,910$2,463$1,499$888$515$34
41 years$3,772$2,345$1,406$819$467$29
42 years$3,641$2,233$1,319$756$424$24
43 years$3,517$2,128$1,237$698$385$20
44 years$3,398$2,028$1,162$644$349$17
45 years$3,285$1,934$1,091$595$317$14
46 years$3,177$1,845$1,024$550$288$12
47 years$3,075$1,761$962$508$262$10
48 years$2,976$1,681$904$469$238$8
49 years$2,882$1,605$850$434$216$7
50 years$2,792$1,533$799$401$196$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,860,000, adding $3,090 every year, while hoping to spend $22,212 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: 50/30/20 Blend
53$2,860,000$2,860,000$2,860,000$2,860,000
54$3,154,907$3,003,327$2,958,997$3,294,895
55$3,453,074$3,126,857$3,034,490$3,515,606
56$3,780,910$3,255,695$3,111,768$3,752,816
57$4,141,417$3,390,078$3,190,866$4,010,151
58$4,537,904$3,530,254$3,271,823$4,289,520
59$4,974,015$3,676,482$3,354,674$4,593,019
60$5,453,767$3,829,032$3,439,458$4,922,956
61$5,981,585$3,988,188$3,526,213$5,281,865
62$6,562,343$4,154,245$3,614,977$5,672,533
63$7,201,413$4,327,514$3,705,790$6,098,027
64$7,904,714$4,508,320$3,798,691$6,561,717
65$8,678,768$4,697,001$3,893,720$7,067,313
66$9,530,760$4,893,912$3,990,918$7,618,892
67$10,468,609$5,099,424$4,090,325$8,220,945
68$11,501,038$5,313,927$4,191,981$8,878,408
69$12,637,660$5,537,826$4,295,929$9,596,714
70$13,889,069$5,771,546$4,402,210$10,381,844
71$15,266,936$6,015,534$4,510,866$11,240,377
72$16,784,122$6,270,255$4,621,939$12,179,554
73$18,454,801$6,536,195$4,735,472$13,207,348
74$20,294,587$6,813,865$4,851,507$14,332,532
75$22,320,690$7,103,800$4,970,088$15,564,765
76$24,552,071$7,406,556$5,091,256$16,914,679
77$27,009,625$7,722,720$5,215,056$18,393,981
78$29,716,376$8,052,903$5,341,530$20,015,558
79$32,697,697$8,397,746$5,470,722$21,793,602
80$35,981,546$8,757,919$5,602,675$23,743,737
81$39,598,731$9,134,125$5,737,432$25,883,169
82$43,583,201$9,527,096$5,875,035$28,230,844
83$47,972,367$9,937,604$6,015,529$30,807,626
84$52,807,454$10,366,452$6,158,955$33,636,492
85$58,133,890$10,814,484$6,305,355$36,742,747
86$64,001,735$11,282,582$6,454,773$40,154,261
87$70,466,153$11,771,669$6,607,249$43,901,729
88$77,587,934$12,282,713$6,762,824$48,018,959
89$85,434,064$12,816,727$6,921,539$52,543,187
90$94,078,362$13,374,771$7,083,435$57,515,430
91$103,602,175$13,957,954$7,248,550$62,980,868
92$114,095,143$14,567,440$7,416,922$68,989,265
93$125,656,048$15,204,446$7,588,590$75,595,443
94$138,393,746$15,870,245$7,763,589$82,859,790
95$152,428,195$16,566,173$7,941,956$90,848,828
96$167,891,583$17,293,628$8,123,723$99,635,843
97$184,929,582$18,054,073$8,308,925$109,301,566
98$203,702,717$18,849,041$8,497,593$119,934,936
99$224,387,888$19,680,137$8,689,756$131,633,935
100$247,180,032$20,549,044$8,885,442$144,506,511