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%16.8%
1 years$255,995$253,715$251,490$249,319$247,198$240,345
2 years$126,730$124,370$122,083$119,865$117,714$110,860
3 years$83,648$81,277$78,996$76,799$74,682$68,044
4 years$62,110$59,747$57,489$55,329$53,264$46,891
5 years$49,192$46,843$44,613$42,498$40,490$34,400
6 years$40,582$38,251$36,054$33,986$32,039$26,237
7 years$34,434$32,123$29,961$27,942$26,056$20,543
8 years$29,826$27,535$25,410$23,440$21,616$16,389
9 years$26,243$23,974$21,885$19,965$18,204$13,258
10 years$23,379$21,132$19,080$17,210$15,511$10,839
11 years$21,037$18,813$16,798$14,978$13,340$8,935
12 years$19,087$16,885$14,908$13,138$11,560$7,414
13 years$17,438$15,259$13,319$11,599$10,080$6,184
14 years$16,026$13,870$11,967$10,296$8,836$5,180
15 years$14,803$12,671$10,805$9,182$7,780$4,355
16 years$13,734$11,625$9,796$8,222$6,876$3,672
17 years$12,792$10,706$8,914$7,387$6,097$3,103
18 years$11,956$9,893$8,137$6,657$5,421$2,628
19 years$11,208$9,169$7,449$6,015$4,832$2,229
20 years$10,536$8,520$6,837$5,448$4,316$1,893
21 years$9,929$7,936$6,288$4,945$3,862$1,610
22 years$9,377$7,408$5,796$4,496$3,462$1,371
23 years$8,875$6,929$5,351$4,094$3,108$1,168
24 years$8,415$6,492$4,949$3,734$2,793$996
25 years$7,992$6,092$4,584$3,410$2,514$849
26 years$7,603$5,726$4,251$3,118$2,264$725
27 years$7,243$5,389$3,948$2,854$2,041$619
28 years$6,909$5,078$3,670$2,615$1,842$529
29 years$6,599$4,790$3,415$2,398$1,663$452
30 years$6,310$4,524$3,181$2,201$1,503$386
31 years$6,041$4,276$2,966$2,021$1,359$330
32 years$5,788$4,046$2,767$1,858$1,229$282
33 years$5,552$3,832$2,584$1,708$1,112$242
34 years$5,329$3,632$2,414$1,572$1,007$207
35 years$5,120$3,445$2,257$1,447$912$177
36 years$4,924$3,270$2,111$1,333$826$151
37 years$4,738$3,105$1,976$1,228$749$129
38 years$4,562$2,951$1,850$1,132$679$111
39 years$4,396$2,806$1,734$1,043$616$95
40 years$4,238$2,670$1,625$962$559$81
41 years$4,089$2,542$1,524$888$507$69
42 years$3,947$2,420$1,429$819$460$59
43 years$3,812$2,306$1,341$756$417$51
44 years$3,683$2,198$1,259$698$379$44
45 years$3,561$2,096$1,182$645$344$37
46 years$3,444$2,000$1,110$596$312$32
47 years$3,333$1,908$1,043$550$283$27
48 years$3,226$1,822$980$509$257$23
49 years$3,124$1,740$921$470$234$20
50 years$3,027$1,662$866$435$212$17

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 $4,168 every year, while hoping to spend $20,263 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: 47/48/5 Blend
53$3,100,000$3,100,000$3,100,000$3,100,000
54$3,420,499$3,256,199$3,208,149$3,576,642
55$3,747,831$3,394,193$3,294,063$3,821,993
56$4,107,870$3,538,270$3,382,175$4,085,620
57$4,503,934$3,688,706$3,472,538$4,371,226
58$4,939,673$3,845,791$3,565,207$4,680,849
59$5,419,113$4,009,827$3,660,234$5,016,731
60$5,946,686$4,181,133$3,757,675$5,381,330
61$6,527,279$4,360,039$3,857,588$5,777,346
62$7,166,274$4,546,894$3,960,030$6,207,746
63$7,869,603$4,742,060$4,065,061$6,675,787
64$8,643,801$4,945,920$4,172,739$7,185,051
65$9,496,070$5,158,871$4,283,126$7,739,470
66$10,434,344$5,381,330$4,396,286$8,343,368
67$11,467,367$5,613,735$4,512,281$9,001,496
68$12,604,772$5,856,542$4,631,177$9,719,078
69$13,857,177$6,110,231$4,753,039$10,501,857
70$15,236,278$6,375,302$4,877,935$11,356,148
71$16,754,967$6,652,280$5,005,934$12,288,895
72$18,427,446$6,941,714$5,137,105$13,307,734
73$20,269,367$7,244,180$5,271,520$14,421,067
74$22,297,978$7,560,280$5,409,251$15,638,132
75$24,532,282$7,890,644$5,550,372$16,969,095
76$26,993,223$8,235,934$5,694,958$18,425,139
77$29,703,877$8,596,840$5,843,084$20,018,568
78$32,689,675$8,974,087$5,994,829$21,762,923
79$35,978,637$9,368,433$6,150,272$23,673,103
80$39,601,645$9,780,673$6,309,492$25,765,507
81$43,592,724$10,211,637$6,472,572$28,058,181
82$47,989,373$10,662,198$6,639,594$30,570,989
83$52,832,910$11,133,267$6,810,642$33,325,798
84$58,168,870$11,625,801$6,985,801$36,346,675
85$64,047,429$12,140,799$7,165,160$39,660,118
86$70,523,878$12,679,309$7,348,804$43,295,297
87$77,659,149$13,242,431$7,536,825$47,284,328
88$85,520,386$13,831,314$7,729,312$51,662,572
89$94,181,579$14,447,162$7,926,357$56,468,962
90$103,724,264$15,091,237$8,128,054$61,746,370
91$114,238,292$15,764,860$8,334,497$67,542,004
92$125,822,677$16,469,418$8,545,782$73,907,849
93$138,586,529$17,206,359$8,762,005$80,901,153
94$152,650,088$17,977,203$8,983,265$88,584,963
95$168,145,853$18,783,542$9,209,660$97,028,713
96$185,219,838$19,627,043$9,441,292$106,308,874
97$204,032,948$20,509,455$9,678,261$116,509,670
98$224,762,496$21,432,605$9,920,671$127,723,867
99$247,603,881$22,398,414$10,168,624$140,053,639
100$272,772,429$23,408,888$10,422,225$153,611,530