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%19.5%
1 years$255,995$253,715$251,490$249,319$247,198$237,766
2 years$126,730$124,370$122,083$119,865$117,714$108,322
3 years$83,648$81,277$78,996$76,799$74,682$65,626
4 years$62,110$59,747$57,489$55,329$53,264$44,613
5 years$49,192$46,843$44,613$42,498$40,490$32,267
6 years$40,582$38,251$36,054$33,986$32,039$24,248
7 years$34,434$32,123$29,961$27,942$26,056$18,696
8 years$29,826$27,535$25,410$23,440$21,616$14,679
9 years$26,243$23,974$21,885$19,965$18,204$11,680
10 years$23,379$21,132$19,080$17,210$15,511$9,388
11 years$21,037$18,813$16,798$14,978$13,340$7,605
12 years$19,087$16,885$14,908$13,138$11,560$6,198
13 years$17,438$15,259$13,319$11,599$10,080$5,076
14 years$16,026$13,870$11,967$10,296$8,836$4,173
15 years$14,803$12,671$10,805$9,182$7,780$3,442
16 years$13,734$11,625$9,796$8,222$6,876$2,846
17 years$12,792$10,706$8,914$7,387$6,097$2,358
18 years$11,956$9,893$8,137$6,657$5,421$1,957
19 years$11,208$9,169$7,449$6,015$4,832$1,626
20 years$10,536$8,520$6,837$5,448$4,316$1,353
21 years$9,929$7,936$6,288$4,945$3,862$1,127
22 years$9,377$7,408$5,796$4,496$3,462$939
23 years$8,875$6,929$5,351$4,094$3,108$783
24 years$8,415$6,492$4,949$3,734$2,793$654
25 years$7,992$6,092$4,584$3,410$2,514$546
26 years$7,603$5,726$4,251$3,118$2,264$456
27 years$7,243$5,389$3,948$2,854$2,041$381
28 years$6,909$5,078$3,670$2,615$1,842$318
29 years$6,599$4,790$3,415$2,398$1,663$266
30 years$6,310$4,524$3,181$2,201$1,503$222
31 years$6,041$4,276$2,966$2,021$1,359$186
32 years$5,788$4,046$2,767$1,858$1,229$156
33 years$5,552$3,832$2,584$1,708$1,112$130
34 years$5,329$3,632$2,414$1,572$1,007$109
35 years$5,120$3,445$2,257$1,447$912$91
36 years$4,924$3,270$2,111$1,333$826$76
37 years$4,738$3,105$1,976$1,228$749$64
38 years$4,562$2,951$1,850$1,132$679$53
39 years$4,396$2,806$1,734$1,043$616$45
40 years$4,238$2,670$1,625$962$559$37
41 years$4,089$2,542$1,524$888$507$31
42 years$3,947$2,420$1,429$819$460$26
43 years$3,812$2,306$1,341$756$417$22
44 years$3,683$2,198$1,259$698$379$18
45 years$3,561$2,096$1,182$645$344$15
46 years$3,444$2,000$1,110$596$312$13
47 years$3,333$1,908$1,043$550$283$11
48 years$3,226$1,822$980$509$257$9
49 years$3,124$1,740$921$470$234$8
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 $6,740 every year, while hoping to spend $31,373 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: 52/35/13 Blend
53$3,100,000$3,100,000$3,100,000$3,100,000
54$3,423,152$3,258,852$3,210,802$3,588,960
55$3,738,933$3,385,155$3,284,984$3,829,260
56$4,085,872$3,516,596$3,360,598$4,086,566
57$4,467,115$3,653,392$3,437,662$4,365,693
58$4,886,125$3,795,773$3,516,188$4,668,711
59$5,346,720$3,943,976$3,596,191$4,997,899
60$5,853,105$4,098,251$3,677,683$5,355,757
61$6,409,914$4,258,858$3,760,678$5,745,040
62$7,022,251$4,426,068$3,845,186$6,168,773
63$7,695,740$4,600,164$3,931,219$6,630,285
64$8,436,577$4,781,444$4,018,787$7,133,237
65$9,251,590$4,970,216$4,107,898$7,681,656
66$10,148,300$5,166,805$4,198,560$8,279,972
67$11,134,995$5,371,547$4,290,781$8,933,059
68$12,220,808$5,584,796$4,384,565$9,646,282
69$13,415,800$5,806,921$4,479,917$10,425,542
70$14,731,058$6,038,306$4,576,841$11,277,333
71$16,178,798$6,279,355$4,675,337$12,208,806
72$17,772,480$6,530,488$4,775,406$13,227,826
73$19,526,937$6,792,146$4,877,045$14,343,056
74$21,458,510$7,064,787$4,980,252$15,564,029
75$23,585,209$7,348,892$5,085,021$16,901,238
76$25,926,875$7,644,963$5,191,345$18,366,240
77$28,505,375$7,953,524$5,299,213$19,971,755
78$31,344,801$8,275,125$5,408,615$21,731,789
79$34,471,703$8,610,338$5,519,535$23,661,766
80$37,915,335$8,959,764$5,631,959$25,778,666
81$41,707,935$9,324,028$5,745,865$28,101,191
82$45,885,025$9,703,786$5,861,232$30,649,934
83$50,485,749$10,099,723$5,978,035$33,447,576
84$55,553,241$10,512,554$6,096,244$36,519,091
85$61,135,032$10,943,030$6,215,829$39,891,990
86$67,283,500$11,391,934$6,336,754$43,596,568
87$74,056,362$11,860,083$6,458,980$47,666,196
88$81,517,219$12,348,335$6,582,464$52,137,630
89$89,736,157$12,857,585$6,707,158$57,051,352
90$98,790,408$13,388,770$6,833,011$62,451,959
91$108,765,080$13,942,870$6,959,967$68,388,572
92$119,753,956$14,520,909$7,087,965$74,915,302
93$131,860,386$15,123,960$7,216,938$82,091,755
94$145,198,255$15,753,143$7,346,814$89,983,596
95$159,893,061$16,409,631$7,477,517$98,663,161
96$176,083,102$17,094,652$7,608,963$108,210,140
97$193,920,778$17,809,489$7,741,062$118,712,321
98$213,574,028$18,555,485$7,873,718$130,266,423
99$235,227,919$19,334,044$8,006,828$142,978,999
100$259,086,392$20,146,637$8,140,282$156,967,438