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%14.8%
1 years$272,511$270,084$267,715$265,404$263,147$257,939
2 years$134,906$132,394$129,959$127,598$125,308$120,083
3 years$89,044$86,521$84,092$81,753$79,500$74,422
4 years$66,118$63,602$61,197$58,899$56,700$51,807
5 years$52,365$49,865$47,492$45,240$43,103$38,408
6 years$43,200$40,718$38,380$36,179$34,106$29,615
7 years$36,656$34,195$31,894$29,744$27,737$23,452
8 years$31,750$29,312$27,049$24,952$23,011$18,929
9 years$27,937$25,521$23,297$21,253$19,378$15,498
10 years$24,887$22,496$20,311$18,321$16,511$12,829
11 years$22,394$20,026$17,881$15,944$14,200$10,711
12 years$20,318$17,975$15,869$13,985$12,306$9,004
13 years$18,563$16,244$14,178$12,347$10,731$7,612
14 years$17,060$14,765$12,739$10,960$9,406$6,464
15 years$15,758$13,488$11,502$9,775$8,282$5,511
16 years$14,620$12,375$10,428$8,752$7,320$4,713
17 years$13,617$11,397$9,489$7,864$6,490$4,041
18 years$12,727$10,531$8,662$7,087$5,771$3,472
19 years$11,931$9,760$7,930$6,404$5,144$2,990
20 years$11,216$9,070$7,278$5,800$4,594$2,578
21 years$10,569$8,448$6,694$5,264$4,112$2,226
22 years$9,982$7,886$6,170$4,786$3,685$1,925
23 years$9,447$7,376$5,697$4,359$3,308$1,666
24 years$8,958$6,911$5,268$3,975$2,973$1,443
25 years$8,508$6,485$4,880$3,630$2,676$1,251
26 years$8,093$6,095$4,526$3,319$2,410$1,085
27 years$7,710$5,736$4,202$3,038$2,173$942
28 years$7,355$5,405$3,907$2,784$1,961$818
29 years$7,025$5,099$3,635$2,553$1,770$710
30 years$6,717$4,816$3,386$2,343$1,600$617
31 years$6,430$4,552$3,157$2,152$1,446$537
32 years$6,162$4,307$2,945$1,977$1,308$467
33 years$5,910$4,079$2,750$1,818$1,184$406
34 years$5,673$3,866$2,570$1,673$1,072$353
35 years$5,451$3,667$2,402$1,540$971$307
36 years$5,241$3,481$2,247$1,418$880$267
37 years$5,043$3,306$2,104$1,307$797$233
38 years$4,856$3,142$1,970$1,205$723$202
39 years$4,679$2,987$1,846$1,111$655$176
40 years$4,512$2,842$1,730$1,025$595$153
41 years$4,353$2,706$1,622$945$539$134
42 years$4,201$2,577$1,522$872$489$116
43 years$4,058$2,455$1,428$805$444$101
44 years$3,921$2,340$1,340$744$403$88
45 years$3,791$2,232$1,258$687$366$77
46 years$3,666$2,129$1,182$634$332$67
47 years$3,548$2,032$1,110$586$302$58
48 years$3,434$1,939$1,043$541$274$51
49 years$3,326$1,852$981$500$249$44
50 years$3,222$1,769$922$463$226$38

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 $4,059 every year, while hoping to spend $22,994 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: 48/26/26 Blend
53$3,300,000$3,300,000$3,300,000$3,300,000
54$3,640,787$3,465,887$3,414,737$3,788,396
55$3,987,682$3,611,250$3,504,665$4,037,718
56$4,369,189$3,762,965$3,596,835$4,305,720
57$4,788,815$3,921,319$3,691,298$4,596,314
58$5,250,424$4,086,613$3,788,106$4,911,639
59$5,758,270$4,259,160$3,887,310$5,254,047
60$6,317,044$4,439,290$3,988,966$5,626,122
61$6,931,913$4,627,346$4,093,127$6,030,706
62$7,608,571$4,823,688$4,199,849$6,470,924
63$8,353,290$5,028,694$4,309,189$6,950,212
64$9,172,983$5,242,757$4,421,205$7,472,350
65$10,075,266$5,466,291$4,535,953$8,041,494
66$11,068,531$5,699,727$4,653,496$8,662,217
67$12,162,025$5,943,517$4,773,891$9,339,551
68$13,365,937$6,198,135$4,897,202$10,079,030
69$14,691,494$6,464,076$5,023,491$10,886,746
70$16,151,069$6,741,858$5,152,820$11,769,401
71$17,758,294$7,032,024$5,285,255$12,734,372
72$19,528,189$7,335,143$5,420,860$13,789,776
73$21,477,308$7,651,808$5,559,703$14,944,549
74$23,623,891$7,982,644$5,701,850$16,208,529
75$25,988,035$8,328,301$5,847,370$17,592,542
76$28,591,890$8,689,463$5,996,331$19,108,508
77$31,459,859$9,066,843$6,148,805$20,769,551
78$34,618,836$9,461,190$6,304,862$22,590,120
79$38,098,457$9,873,288$6,464,574$24,586,122
80$41,931,376$10,303,956$6,628,014$26,775,076
81$46,153,580$10,754,053$6,795,256$29,176,270
82$50,804,723$11,224,479$6,966,374$31,810,945
83$55,928,501$11,716,175$7,141,445$34,702,492
84$61,573,069$12,230,128$7,320,543$37,876,673
85$67,791,488$12,767,371$7,503,748$41,361,858
86$74,642,231$13,328,984$7,691,135$45,189,292
87$82,189,735$13,916,100$7,882,784$49,393,390
88$90,505,006$14,529,906$8,078,775$54,012,056
89$99,666,289$15,171,644$8,279,186$59,087,039
90$109,759,810$15,842,615$8,484,099$64,664,327
91$120,880,590$16,544,182$8,693,595$70,794,574
92$133,133,335$17,277,771$8,907,756$77,533,578
93$146,633,432$18,044,879$9,126,662$84,942,804
94$161,508,034$18,847,071$9,350,398$93,089,960
95$177,897,263$19,685,987$9,579,046$102,049,634
96$195,955,529$20,563,345$9,812,689$111,903,994
97$215,852,989$21,480,945$10,051,410$122,743,561
98$237,777,155$22,440,672$10,295,293$134,668,058
99$261,934,662$23,444,502$10,544,422$147,787,346
100$288,553,217$24,494,503$10,798,880$162,222,463