Can I retire at age 54 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$239,479$237,346$235,265$233,234$231,250$228,266
2 years$118,554$116,346$114,206$112,132$110,119$107,117
3 years$78,251$76,033$73,899$71,844$69,864$66,937
4 years$58,103$55,893$53,780$51,759$49,828$46,998
5 years$46,018$43,821$41,735$39,756$37,878$35,155
6 years$37,964$35,783$33,728$31,793$29,972$27,358
7 years$32,213$30,050$28,028$26,139$24,375$21,871
8 years$27,902$25,759$23,770$21,927$20,221$17,828
9 years$24,550$22,428$20,473$18,677$17,029$14,745
10 years$21,871$19,769$17,849$16,100$14,510$12,332
11 years$19,680$17,599$15,714$14,012$12,479$10,407
12 years$17,855$15,796$13,946$12,290$10,814$8,845
13 years$16,313$14,275$12,460$10,850$9,430$7,561
14 years$14,992$12,975$11,195$9,632$8,266$6,495
15 years$13,848$11,853$10,108$8,590$7,278$5,602
16 years$12,848$10,875$9,164$7,691$6,433$4,848
17 years$11,967$10,016$8,339$6,911$5,704$4,207
18 years$11,184$9,255$7,612$6,228$5,071$3,660
19 years$10,485$8,577$6,969$5,627$4,520$3,191
20 years$9,856$7,970$6,396$5,097$4,038$2,787
21 years$9,288$7,424$5,883$4,626$3,613$2,438
22 years$8,772$6,930$5,422$4,206$3,239$2,135
23 years$8,302$6,482$5,006$3,830$2,907$1,873
24 years$7,872$6,073$4,630$3,493$2,613$1,644
25 years$7,477$5,699$4,288$3,190$2,351$1,444
26 years$7,112$5,356$3,977$2,917$2,118$1,270
27 years$6,776$5,041$3,693$2,670$1,910$1,117
28 years$6,463$4,750$3,433$2,446$1,723$984
29 years$6,173$4,481$3,195$2,243$1,556$866
30 years$5,903$4,232$2,976$2,059$1,406$763
31 years$5,651$4,001$2,774$1,891$1,271$673
32 years$5,415$3,785$2,588$1,738$1,150$594
33 years$5,193$3,585$2,417$1,598$1,040$524
34 years$4,986$3,398$2,258$1,470$942$462
35 years$4,790$3,223$2,111$1,354$853$408
36 years$4,606$3,059$1,975$1,247$773$360
37 years$4,432$2,905$1,849$1,149$701$318
38 years$4,268$2,761$1,731$1,059$635$281
39 years$4,112$2,625$1,622$976$576$248
40 years$3,965$2,498$1,520$900$522$219
41 years$3,825$2,378$1,425$831$474$193
42 years$3,692$2,264$1,337$767$430$171
43 years$3,566$2,157$1,255$708$390$151
44 years$3,446$2,056$1,178$653$354$133
45 years$3,331$1,961$1,106$603$322$118
46 years$3,222$1,871$1,039$557$292$104
47 years$3,118$1,785$976$515$265$92
48 years$3,018$1,704$917$476$241$81
49 years$2,923$1,628$862$440$219$72
50 years$2,831$1,555$810$406$199$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,900,000, adding $3,732 every year, while hoping to spend $23,801 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: 24/49/27 Blend
53$2,900,000$2,900,000$2,900,000$2,900,000
54$3,199,650$3,045,950$3,001,000$3,249,084
55$3,500,690$3,169,877$3,076,209$3,415,069
56$3,831,638$3,299,079$3,153,140$3,590,522
57$4,195,521$3,433,789$3,231,826$3,778,009
58$4,595,671$3,574,252$3,312,299$3,978,544
59$5,035,760$3,720,721$3,394,592$4,193,239
60$5,519,836$3,873,465$3,478,739$4,423,312
61$6,052,355$4,032,761$3,564,773$4,670,093
62$6,638,231$4,198,902$3,652,728$4,935,043
63$7,282,875$4,372,193$3,742,639$5,219,758
64$7,992,251$4,552,952$3,834,540$5,525,989
65$8,772,928$4,741,515$3,928,465$5,855,655
66$9,632,147$4,938,229$4,024,448$6,210,861
67$10,577,884$5,143,460$4,122,525$6,593,912
68$11,618,928$5,357,590$4,222,730$7,007,341
69$12,764,966$5,581,018$4,325,098$7,453,924
70$14,026,667$5,814,163$4,429,664$7,936,707
71$15,415,792$6,057,462$4,536,463$8,459,036
72$16,945,298$6,311,373$4,645,529$9,024,581
73$18,629,462$6,576,373$4,756,898$9,637,376
74$20,484,016$6,852,965$4,870,603$10,301,849
75$22,526,296$7,141,671$4,986,679$11,022,862
76$24,775,407$7,443,041$5,105,161$11,805,761
77$27,252,396$7,757,648$5,226,081$12,656,417
78$29,980,460$8,086,092$5,349,475$13,581,282
79$32,985,158$8,429,002$5,475,374$14,587,449
80$36,294,657$8,787,036$5,603,811$15,682,714
81$39,939,992$9,160,881$5,734,819$16,875,649
82$43,955,365$9,551,258$5,868,429$18,175,679
83$48,378,463$9,958,920$6,004,672$19,593,166
84$53,250,816$10,384,657$6,143,579$21,139,510
85$58,618,188$10,829,294$6,285,177$22,827,245
86$64,531,009$11,293,695$6,429,497$24,670,163
87$71,044,852$11,778,766$6,576,565$26,683,434
88$78,220,955$12,285,453$6,726,408$28,883,749
89$86,126,800$12,814,748$6,879,050$31,289,472
90$94,836,752$13,367,689$7,034,516$33,920,811
91$104,432,756$13,945,362$7,192,829$36,800,004
92$115,005,117$14,548,905$7,354,008$39,951,525
93$126,653,346$15,179,508$7,518,074$43,402,311
94$139,487,102$15,838,418$7,685,044$47,182,011
95$153,627,227$16,526,941$7,854,934$51,323,259
96$169,206,886$17,246,443$8,027,756$55,861,983
97$186,372,826$17,998,357$8,203,524$60,837,733
98$205,286,757$18,784,179$8,382,245$66,294,050
99$226,126,882$19,605,479$8,563,926$72,278,874
100$249,089,577$20,463,901$8,748,570$78,844,989