Can I retire at age 54 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$272,511$270,084$267,715$265,404$263,147$260,399
2 years$134,906$132,394$129,959$127,598$125,308$122,540
3 years$89,044$86,521$84,092$81,753$79,500$76,800
4 years$66,118$63,602$61,197$58,899$56,700$54,087
5 years$52,365$49,865$47,492$45,240$43,103$40,584
6 years$43,200$40,718$38,380$36,179$34,106$31,685
7 years$36,656$34,195$31,894$29,744$27,737$25,416
8 years$31,750$29,312$27,049$24,952$23,011$20,788
9 years$27,937$25,521$23,297$21,253$19,378$17,254
10 years$24,887$22,496$20,311$18,321$16,511$14,484
11 years$22,394$20,026$17,881$15,944$14,200$12,268
12 years$20,318$17,975$15,869$13,985$12,306$10,467
13 years$18,563$16,244$14,178$12,347$10,731$8,983
14 years$17,060$14,765$12,739$10,960$9,406$7,747
15 years$15,758$13,488$11,502$9,775$8,282$6,709
16 years$14,620$12,375$10,428$8,752$7,320$5,830
17 years$13,617$11,397$9,489$7,864$6,490$5,081
18 years$12,727$10,531$8,662$7,087$5,771$4,439
19 years$11,931$9,760$7,930$6,404$5,144$3,887
20 years$11,216$9,070$7,278$5,800$4,594$3,410
21 years$10,569$8,448$6,694$5,264$4,112$2,996
22 years$9,982$7,886$6,170$4,786$3,685$2,636
23 years$9,447$7,376$5,697$4,359$3,308$2,323
24 years$8,958$6,911$5,268$3,975$2,973$2,048
25 years$8,508$6,485$4,880$3,630$2,676$1,808
26 years$8,093$6,095$4,526$3,319$2,410$1,597
27 years$7,710$5,736$4,202$3,038$2,173$1,412
28 years$7,355$5,405$3,907$2,784$1,961$1,249
29 years$7,025$5,099$3,635$2,553$1,770$1,106
30 years$6,717$4,816$3,386$2,343$1,600$979
31 years$6,430$4,552$3,157$2,152$1,446$867
32 years$6,162$4,307$2,945$1,977$1,308$769
33 years$5,910$4,079$2,750$1,818$1,184$682
34 years$5,673$3,866$2,570$1,673$1,072$604
35 years$5,451$3,667$2,402$1,540$971$536
36 years$5,241$3,481$2,247$1,418$880$476
37 years$5,043$3,306$2,104$1,307$797$422
38 years$4,856$3,142$1,970$1,205$723$375
39 years$4,679$2,987$1,846$1,111$655$333
40 years$4,512$2,842$1,730$1,025$595$295
41 years$4,353$2,706$1,622$945$539$262
42 years$4,201$2,577$1,522$872$489$233
43 years$4,058$2,455$1,428$805$444$207
44 years$3,921$2,340$1,340$744$403$184
45 years$3,791$2,232$1,258$687$366$163
46 years$3,666$2,129$1,182$634$332$145
47 years$3,548$2,032$1,110$586$302$129
48 years$3,434$1,939$1,043$541$274$114
49 years$3,326$1,852$981$500$249$102
50 years$3,222$1,769$922$463$226$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,300,000, adding $4,997 every year, while hoping to spend $32,603 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: 33/40/27 Blend
53$3,300,000$3,300,000$3,300,000$3,300,000
54$3,641,754$3,466,854$3,415,704$3,731,867
55$3,978,524$3,602,041$3,495,441$3,935,793
56$4,348,551$3,742,759$3,576,756$4,152,161
57$4,755,194$3,889,245$3,659,669$4,384,713
58$5,202,152$4,041,746$3,744,196$4,634,903
59$5,693,501$4,200,521$3,830,355$4,904,325
60$6,233,730$4,365,838$3,918,164$5,194,732
61$6,827,786$4,537,980$4,007,638$5,508,044
62$7,481,120$4,717,240$4,098,794$5,846,372
63$8,199,736$4,903,927$4,191,645$6,212,032
64$8,990,251$5,098,361$4,286,207$6,607,569
65$9,859,954$5,300,878$4,382,492$7,035,779
66$10,816,876$5,511,828$4,480,512$7,499,733
67$11,869,867$5,731,578$4,580,280$8,002,806
68$13,028,678$5,960,510$4,681,804$8,548,707
69$14,304,053$6,199,024$4,785,093$9,141,515
70$15,707,829$6,447,538$4,890,156$9,785,711
71$17,253,050$6,706,490$4,996,999$10,486,225
72$18,954,088$6,976,336$5,105,626$11,248,476
73$20,826,782$7,257,553$5,216,041$12,078,424
74$22,888,580$7,550,639$5,328,245$12,982,626
75$25,158,712$7,856,118$5,442,238$13,968,292
76$27,658,366$8,174,533$5,558,018$15,043,358
77$30,410,888$8,506,454$5,675,581$16,216,550
78$33,442,006$8,852,477$5,794,920$17,497,474
79$36,780,068$9,213,226$5,916,027$18,896,697
80$40,456,312$9,589,351$6,038,892$20,425,850
81$44,505,161$9,981,534$6,163,499$22,097,733
82$48,964,544$10,390,486$6,289,833$23,926,434
83$53,876,260$10,816,953$6,417,875$25,927,461
84$59,286,367$11,261,712$6,547,602$28,117,883
85$65,245,619$11,725,578$6,678,990$30,516,493
86$71,809,944$12,209,403$6,812,008$33,143,979
87$79,040,972$12,714,078$6,946,624$36,023,119
88$87,006,617$13,240,534$7,082,801$39,178,989
89$95,781,718$13,789,745$7,220,500$42,639,205
90$105,448,741$14,362,731$7,359,676$46,434,171
91$116,098,566$14,960,558$7,500,278$50,597,371
92$127,831,335$15,584,341$7,642,253$55,165,674
93$140,757,405$16,235,247$7,785,542$60,179,687
94$154,998,382$16,914,496$7,930,080$65,684,128
95$170,688,277$17,623,366$8,075,797$71,728,247
96$187,974,763$18,363,193$8,222,618$78,366,287
97$207,020,573$19,135,374$8,370,460$85,657,990
98$228,005,036$19,941,371$8,519,235$93,669,162
99$251,125,768$20,782,717$8,668,847$102,472,283
100$276,600,537$21,661,011$8,819,194$112,147,190