Can I retire at age 54 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$264,253$261,899$259,603$257,361$255,172$246,905
2 years$130,818$128,382$126,021$123,731$121,511$113,259
3 years$86,346$83,899$81,544$79,276$77,091$69,115
4 years$64,114$61,675$59,343$57,114$54,982$47,341
5 years$50,778$48,354$46,053$43,869$41,797$34,512
6 years$41,891$39,484$37,217$35,082$33,072$26,150
7 years$35,545$33,159$30,928$28,843$26,897$20,336
8 years$30,788$28,423$26,229$24,196$22,313$16,109
9 years$27,090$24,748$22,591$20,609$18,791$12,937
10 years$24,133$21,814$19,696$17,766$16,011$10,497
11 years$21,716$19,420$17,340$15,461$13,770$8,586
12 years$19,703$17,430$15,388$13,562$11,933$7,068
13 years$18,000$15,752$13,749$11,973$10,406$5,848
14 years$16,543$14,318$12,353$10,628$9,121$4,859
15 years$15,281$13,080$11,153$9,478$8,031$4,050
16 years$14,177$12,000$10,112$8,487$7,098$3,385
17 years$13,205$11,052$9,202$7,625$6,294$2,836
18 years$12,341$10,212$8,400$6,872$5,596$2,380
19 years$11,569$9,465$7,690$6,210$4,988$2,001
20 years$10,876$8,795$7,057$5,624$4,455$1,684
21 years$10,249$8,192$6,491$5,104$3,987$1,419
22 years$9,680$7,647$5,983$4,641$3,574$1,197
23 years$9,161$7,152$5,524$4,226$3,208$1,010
24 years$8,686$6,701$5,109$3,855$2,883$853
25 years$8,250$6,289$4,732$3,520$2,595$721
26 years$7,848$5,910$4,388$3,219$2,337$609
27 years$7,477$5,562$4,075$2,946$2,107$515
28 years$7,132$5,241$3,788$2,699$1,901$436
29 years$6,812$4,945$3,525$2,475$1,717$369
30 years$6,514$4,670$3,284$2,272$1,551$312
31 years$6,235$4,414$3,061$2,087$1,402$264
32 years$5,975$4,177$2,856$1,918$1,269$224
33 years$5,731$3,956$2,667$1,763$1,148$189
34 years$5,501$3,749$2,492$1,622$1,039$160
35 years$5,286$3,556$2,330$1,494$942$136
36 years$5,082$3,375$2,179$1,376$853$115
37 years$4,890$3,206$2,040$1,267$773$98
38 years$4,709$3,046$1,910$1,168$701$83
39 years$4,538$2,897$1,790$1,077$636$70
40 years$4,375$2,756$1,677$993$577$59
41 years$4,221$2,624$1,573$917$523$50
42 years$4,074$2,499$1,475$846$475$43
43 years$3,935$2,381$1,384$781$431$36
44 years$3,802$2,269$1,300$721$391$31
45 years$3,676$2,164$1,220$666$355$26
46 years$3,555$2,064$1,146$615$322$22
47 years$3,440$1,970$1,077$568$293$19
48 years$3,330$1,881$1,012$525$266$16
49 years$3,225$1,796$951$485$241$13
50 years$3,124$1,715$894$449$219$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,200,000, adding $3,839 every year, while hoping to spend $23,494 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: 63/20/17 Blend
53$3,200,000$3,200,000$3,200,000$3,200,000
54$3,530,360$3,360,760$3,311,160$3,737,514
55$3,865,459$3,500,440$3,397,086$4,016,871
56$4,233,951$3,646,176$3,485,104$4,318,803
57$4,639,217$3,798,242$3,575,258$4,647,970
58$5,084,982$3,956,921$3,667,594$5,007,028
59$5,575,352$4,122,511$3,762,159$5,398,896
60$6,114,847$4,295,324$3,859,001$5,826,788
61$6,708,451$4,475,684$3,958,168$6,294,240
62$7,361,655$4,663,934$4,059,708$6,805,143
63$8,080,507$4,860,430$4,163,671$7,363,782
64$8,871,673$5,065,546$4,270,108$7,974,871
65$9,742,496$5,279,670$4,379,070$8,643,600
66$10,701,070$5,503,214$4,490,608$9,375,681
67$11,756,311$5,736,603$4,604,775$10,177,404
68$12,918,044$5,980,286$4,721,625$11,055,695
69$14,197,096$6,234,731$4,841,210$12,018,176
70$15,605,395$6,500,428$4,963,586$13,073,243
71$17,156,086$6,777,890$5,088,807$14,230,139
72$18,863,655$7,067,655$5,216,931$15,499,042
73$20,744,062$7,370,284$5,348,012$16,891,161
74$22,814,895$7,686,366$5,482,108$18,418,841
75$25,095,532$8,016,516$5,619,277$20,095,675
76$27,607,331$8,361,380$5,759,578$21,936,636
77$30,373,823$8,721,632$5,903,067$23,958,212
78$33,420,939$9,097,978$6,049,806$26,178,566
79$36,777,254$9,491,158$6,199,854$28,617,701
80$40,474,255$9,901,946$6,353,271$31,297,652
81$44,546,641$10,331,154$6,510,118$34,242,688
82$49,032,647$10,779,629$6,670,455$37,479,543
83$53,974,406$11,248,260$6,834,344$41,037,667
84$59,418,348$11,737,977$7,001,847$44,949,500
85$65,415,637$12,249,755$7,173,026$49,250,779
86$72,022,653$12,784,613$7,347,943$53,980,870
87$79,301,524$13,343,620$7,526,660$59,183,143
88$87,320,716$13,927,895$7,709,240$64,905,376
89$96,155,675$14,538,607$7,895,745$71,200,204
90$105,889,539$15,176,984$8,086,238$78,125,617
91$116,613,926$15,844,310$8,280,780$85,745,501
92$128,429,795$16,541,930$8,479,435$94,130,241
93$141,448,402$17,271,252$8,682,265$103,357,386
94$155,792,348$18,033,753$8,889,330$113,512,371
95$171,596,738$18,830,977$9,100,692$124,689,330
96$189,010,453$19,664,542$9,316,413$136,991,975
97$208,197,558$20,536,144$9,536,552$150,534,578
98$229,338,851$21,447,557$9,761,169$165,443,042
99$252,633,568$22,400,642$9,990,322$181,856,089
100$278,301,264$23,397,346$10,224,070$199,926,566