Can I retire at age 54 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$255,995$253,715$251,490$249,319$247,198$237,484
2 years$126,730$124,370$122,083$119,865$117,714$108,046
3 years$83,648$81,277$78,996$76,799$74,682$65,365
4 years$62,110$59,747$57,489$55,329$53,264$44,368
5 years$49,192$46,843$44,613$42,498$40,490$32,039
6 years$40,582$38,251$36,054$33,986$32,039$24,037
7 years$34,434$32,123$29,961$27,942$26,056$18,501
8 years$29,826$27,535$25,410$23,440$21,616$14,500
9 years$26,243$23,974$21,885$19,965$18,204$11,517
10 years$23,379$21,132$19,080$17,210$15,511$9,239
11 years$21,037$18,813$16,798$14,978$13,340$7,470
12 years$19,087$16,885$14,908$13,138$11,560$6,076
13 years$17,438$15,259$13,319$11,599$10,080$4,965
14 years$16,026$13,870$11,967$10,296$8,836$4,074
15 years$14,803$12,671$10,805$9,182$7,780$3,352
16 years$13,734$11,625$9,796$8,222$6,876$2,766
17 years$12,792$10,706$8,914$7,387$6,097$2,286
18 years$11,956$9,893$8,137$6,657$5,421$1,893
19 years$11,208$9,169$7,449$6,015$4,832$1,570
20 years$10,536$8,520$6,837$5,448$4,316$1,303
21 years$9,929$7,936$6,288$4,945$3,862$1,083
22 years$9,377$7,408$5,796$4,496$3,462$901
23 years$8,875$6,929$5,351$4,094$3,108$749
24 years$8,415$6,492$4,949$3,734$2,793$624
25 years$7,992$6,092$4,584$3,410$2,514$520
26 years$7,603$5,726$4,251$3,118$2,264$433
27 years$7,243$5,389$3,948$2,854$2,041$361
28 years$6,909$5,078$3,670$2,615$1,842$301
29 years$6,599$4,790$3,415$2,398$1,663$251
30 years$6,310$4,524$3,181$2,201$1,503$209
31 years$6,041$4,276$2,966$2,021$1,359$174
32 years$5,788$4,046$2,767$1,858$1,229$146
33 years$5,552$3,832$2,584$1,708$1,112$121
34 years$5,329$3,632$2,414$1,572$1,007$101
35 years$5,120$3,445$2,257$1,447$912$85
36 years$4,924$3,270$2,111$1,333$826$71
37 years$4,738$3,105$1,976$1,228$749$59
38 years$4,562$2,951$1,850$1,132$679$49
39 years$4,396$2,806$1,734$1,043$616$41
40 years$4,238$2,670$1,625$962$559$34
41 years$4,089$2,542$1,524$888$507$29
42 years$3,947$2,420$1,429$819$460$24
43 years$3,812$2,306$1,341$756$417$20
44 years$3,683$2,198$1,259$698$379$17
45 years$3,561$2,096$1,182$645$344$14
46 years$3,444$2,000$1,110$596$312$12
47 years$3,333$1,908$1,043$550$283$10
48 years$3,226$1,822$980$509$257$8
49 years$3,124$1,740$921$470$234$7
50 years$3,027$1,662$866$435$212$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,100,000, adding $6,501 every year, while hoping to spend $45,492 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: 46/37/17 Blend
53$3,100,000$3,100,000$3,100,000$3,100,000
54$3,422,906$3,258,606$3,210,556$3,563,506
55$3,723,639$3,369,874$3,269,706$3,773,432
56$4,053,522$3,485,070$3,329,314$3,995,948
57$4,415,481$3,604,338$3,389,345$4,236,382
58$4,812,737$3,727,828$3,449,765$4,496,419
59$5,248,840$3,855,695$3,510,536$4,777,913
60$5,727,700$3,988,102$3,571,617$5,082,902
61$6,253,622$4,125,216$3,632,963$5,413,625
62$6,831,353$4,267,213$3,694,528$5,772,547
63$7,466,117$4,414,273$3,756,261$6,162,381
64$8,163,673$4,566,584$3,818,108$6,586,107
65$8,930,365$4,724,343$3,880,012$7,047,008
66$9,773,179$4,887,754$3,941,910$7,548,694
67$10,699,817$5,057,027$4,003,737$8,095,140
68$11,718,759$5,232,382$4,065,423$8,690,717
69$12,839,351$5,414,048$4,126,893$9,340,239
70$14,071,890$5,602,261$4,188,069$10,049,004
71$15,427,720$5,797,269$4,248,867$10,822,843
72$16,919,341$5,999,329$4,309,197$11,668,178
73$18,560,524$6,208,706$4,368,965$12,592,075
74$20,366,442$6,425,678$4,428,071$13,602,318
75$22,353,816$6,650,533$4,486,408$14,707,474
76$24,541,067$6,883,570$4,543,864$15,916,980
77$26,948,493$7,125,102$4,600,321$17,241,224
78$29,598,460$7,375,453$4,655,653$18,691,649
79$32,515,612$7,634,960$4,709,726$20,280,855
80$35,727,104$7,903,972$4,762,402$22,022,718
81$39,262,858$8,182,856$4,813,531$23,932,523
82$43,155,843$8,471,990$4,862,958$26,027,102
83$47,442,391$8,771,769$4,910,519$28,324,997
84$52,162,533$9,082,603$4,956,039$30,846,631
85$57,360,381$9,404,921$4,999,337$33,614,497
86$63,084,544$9,739,166$5,040,219$36,653,377
87$69,388,584$10,085,802$5,078,482$39,990,565
88$76,331,523$10,445,309$5,113,914$43,656,132
89$83,978,398$10,818,189$5,146,290$47,683,200
90$92,400,878$11,204,964$5,175,374$52,108,262
91$101,677,936$11,606,176$5,200,918$56,971,518
92$111,896,598$12,022,391$5,222,661$62,317,257
93$123,152,760$12,454,197$5,240,329$68,194,272
94$135,552,095$12,902,206$5,253,635$74,656,317
95$149,211,053$13,367,058$5,262,275$81,762,618
96$164,257,952$13,849,415$5,265,933$89,578,425
97$180,834,197$14,349,971$5,264,275$98,175,629
98$199,095,609$14,869,444$5,256,953$107,633,438
99$219,213,901$15,408,586$5,243,600$118,039,123
100$241,378,290$15,968,178$5,223,832$129,488,838