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%16.9%
1 years$272,511$270,084$267,715$265,404$263,147$255,748
2 years$134,906$132,394$129,959$127,598$125,308$117,911
3 years$89,044$86,521$84,092$81,753$79,500$72,336
4 years$66,118$63,602$61,197$58,899$56,700$49,824
5 years$52,365$49,865$47,492$45,240$43,103$36,533
6 years$43,200$40,718$38,380$36,179$34,106$27,848
7 years$36,656$34,195$31,894$29,744$27,737$21,792
8 years$31,750$29,312$27,049$24,952$23,011$17,375
9 years$27,937$25,521$23,297$21,253$19,378$14,047
10 years$24,887$22,496$20,311$18,321$16,511$11,477
11 years$22,394$20,026$17,881$15,944$14,200$9,455
12 years$20,318$17,975$15,869$13,985$12,306$7,840
13 years$18,563$16,244$14,178$12,347$10,731$6,535
14 years$17,060$14,765$12,739$10,960$9,406$5,471
15 years$15,758$13,488$11,502$9,775$8,282$4,596
16 years$14,620$12,375$10,428$8,752$7,320$3,872
17 years$13,617$11,397$9,489$7,864$6,490$3,270
18 years$12,727$10,531$8,662$7,087$5,771$2,767
19 years$11,931$9,760$7,930$6,404$5,144$2,345
20 years$11,216$9,070$7,278$5,800$4,594$1,991
21 years$10,569$8,448$6,694$5,264$4,112$1,691
22 years$9,982$7,886$6,170$4,786$3,685$1,439
23 years$9,447$7,376$5,697$4,359$3,308$1,225
24 years$8,958$6,911$5,268$3,975$2,973$1,044
25 years$8,508$6,485$4,880$3,630$2,676$890
26 years$8,093$6,095$4,526$3,319$2,410$759
27 years$7,710$5,736$4,202$3,038$2,173$647
28 years$7,355$5,405$3,907$2,784$1,961$553
29 years$7,025$5,099$3,635$2,553$1,770$472
30 years$6,717$4,816$3,386$2,343$1,600$403
31 years$6,430$4,552$3,157$2,152$1,446$344
32 years$6,162$4,307$2,945$1,977$1,308$294
33 years$5,910$4,079$2,750$1,818$1,184$251
34 years$5,673$3,866$2,570$1,673$1,072$215
35 years$5,451$3,667$2,402$1,540$971$184
36 years$5,241$3,481$2,247$1,418$880$157
37 years$5,043$3,306$2,104$1,307$797$134
38 years$4,856$3,142$1,970$1,205$723$115
39 years$4,679$2,987$1,846$1,111$655$98
40 years$4,512$2,842$1,730$1,025$595$84
41 years$4,353$2,706$1,622$945$539$72
42 years$4,201$2,577$1,522$872$489$61
43 years$4,058$2,455$1,428$805$444$53
44 years$3,921$2,340$1,340$744$403$45
45 years$3,791$2,232$1,258$687$366$38
46 years$3,666$2,129$1,182$634$332$33
47 years$3,548$2,032$1,110$586$302$28
48 years$3,434$1,939$1,043$541$274$24
49 years$3,326$1,852$981$500$249$21
50 years$3,222$1,769$922$463$226$18

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 $4,444 every year, while hoping to spend $44,296 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: 57/26/17 Blend
53$3,300,000$3,300,000$3,300,000$3,300,000
54$3,641,184$3,466,284$3,415,134$3,832,239
55$3,965,454$3,589,001$3,482,410$4,085,176
56$4,321,315$3,716,247$3,550,456$4,355,480
57$4,711,943$3,848,197$3,619,250$4,649,041
58$5,140,835$3,985,032$3,688,768$4,968,101
59$5,611,844$4,126,943$3,758,986$5,315,127
60$6,129,216$4,274,127$3,829,876$5,692,836
61$6,697,626$4,426,789$3,901,407$6,104,214
62$7,322,226$4,585,144$3,973,546$6,552,551
63$8,008,690$4,749,413$4,046,257$7,041,466
64$8,763,271$4,919,829$4,119,501$7,574,942
65$9,592,857$5,096,632$4,193,236$8,157,365
66$10,505,036$5,280,075$4,267,417$8,793,561
67$11,508,169$5,470,418$4,341,995$9,488,846
68$12,611,467$5,667,934$4,416,917$10,249,071
69$13,825,080$5,872,906$4,492,127$11,080,678
70$15,160,190$6,085,630$4,567,565$11,990,762
71$16,629,117$6,306,413$4,643,166$12,987,134
72$18,245,436$6,535,576$4,718,861$14,078,396
73$20,024,104$6,773,453$4,794,577$15,274,023
74$21,981,602$7,020,392$4,870,235$16,584,447
75$24,136,088$7,276,754$4,945,750$18,021,159
76$26,507,572$7,542,917$5,021,035$19,596,814
77$29,118,099$7,819,275$5,095,995$21,325,353
78$31,991,963$8,106,237$5,170,528$23,222,128
79$35,155,931$8,404,231$5,244,529$25,304,051
80$38,639,498$8,713,701$5,317,884$27,589,751
81$42,475,166$9,035,112$5,390,472$30,099,750
82$46,698,747$9,368,946$5,462,167$32,856,651
83$51,349,704$9,715,708$5,532,833$35,885,357
84$56,471,519$10,075,924$5,602,329$39,213,301
85$62,112,111$10,450,141$5,670,504$42,870,703
86$68,324,279$10,838,930$5,737,198$46,890,859
87$75,166,205$11,242,887$5,802,244$51,310,447
88$82,702,002$11,662,633$5,865,463$56,169,878
89$91,002,319$12,098,815$5,926,669$61,513,673
90$100,145,006$12,552,108$5,985,663$67,390,883
91$110,215,852$13,023,217$6,042,238$73,855,551
92$121,309,391$13,512,875$6,096,175$80,967,219
93$133,529,792$14,021,850$6,147,240$88,791,491
94$146,991,851$14,550,941$6,195,193$97,400,646
95$161,822,063$15,100,980$6,239,775$106,874,328
96$178,159,824$15,672,838$6,280,718$117,300,284
97$196,158,741$16,267,422$6,317,737$128,775,200
98$215,988,086$16,885,680$6,350,535$141,405,609
99$237,834,391$17,528,598$6,378,798$155,308,894
100$261,903,208$18,197,208$6,402,196$170,614,393