Can I retire at age 54 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$280,769$278,268$275,828$273,446$271,121$265,864
2 years$138,994$136,406$133,897$131,465$129,105$123,831
3 years$91,743$89,143$86,640$84,231$81,910$76,781
4 years$68,121$65,529$63,052$60,683$58,419$53,476
5 years$53,952$51,376$48,931$46,611$44,409$39,667
6 years$44,509$41,952$39,543$37,275$35,139$30,602
7 years$37,767$35,231$32,861$30,646$28,578$24,247
8 years$32,712$30,200$27,869$25,708$23,708$19,583
9 years$28,783$26,294$24,003$21,897$19,965$16,043
10 years$25,642$23,177$20,926$18,876$17,012$13,288
11 years$23,073$20,633$18,423$16,428$14,631$11,101
12 years$20,934$18,519$16,350$14,409$12,679$9,338
13 years$19,126$16,736$14,608$12,721$11,056$7,900
14 years$17,577$15,213$13,125$11,292$9,692$6,713
15 years$16,236$13,897$11,850$10,071$8,533$5,727
16 years$15,063$12,750$10,744$9,017$7,542$4,901
17 years$14,030$11,742$9,777$8,102$6,687$4,205
18 years$13,112$10,851$8,925$7,302$5,946$3,616
19 years$12,293$10,056$8,170$6,598$5,300$3,116
20 years$11,556$9,345$7,498$5,975$4,734$2,689
21 years$10,890$8,704$6,897$5,423$4,236$2,324
22 years$10,285$8,125$6,357$4,931$3,797$2,011
23 years$9,734$7,599$5,869$4,491$3,408$1,742
24 years$9,229$7,120$5,428$4,096$3,064$1,510
25 years$8,766$6,682$5,027$3,740$2,757$1,310
26 years$8,339$6,280$4,663$3,420$2,483$1,137
27 years$7,944$5,910$4,330$3,130$2,239$988
28 years$7,578$5,569$4,025$2,868$2,020$858
29 years$7,238$5,254$3,746$2,630$1,824$746
30 years$6,921$4,962$3,489$2,414$1,648$649
31 years$6,625$4,690$3,253$2,217$1,490$565
32 years$6,348$4,438$3,035$2,037$1,348$491
33 years$6,089$4,203$2,834$1,874$1,220$428
34 years$5,845$3,983$2,648$1,724$1,104$372
35 years$5,616$3,778$2,475$1,587$1,000$324
36 years$5,400$3,586$2,316$1,461$906$282
37 years$5,196$3,406$2,167$1,347$821$246
38 years$5,003$3,237$2,030$1,241$745$214
39 years$4,821$3,078$1,901$1,144$675$187
40 years$4,648$2,928$1,782$1,056$613$163
41 years$4,484$2,788$1,671$974$556$142
42 years$4,329$2,655$1,568$899$504$124
43 years$4,181$2,529$1,471$830$458$108
44 years$4,040$2,411$1,381$766$415$94
45 years$3,905$2,299$1,297$707$377$82
46 years$3,777$2,193$1,218$654$342$71
47 years$3,655$2,093$1,144$604$311$62
48 years$3,538$1,998$1,075$558$282$54
49 years$3,426$1,908$1,011$516$256$47
50 years$3,320$1,823$950$477$233$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,400,000, adding $4,069 every year, while hoping to spend $21,573 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: 41/39/20 Blend
53$3,400,000$3,400,000$3,400,000$3,400,000
54$3,750,997$3,570,797$3,518,097$3,882,531
55$4,110,645$3,722,813$3,613,000$4,128,671
56$4,506,255$3,881,554$3,710,359$4,392,531
57$4,941,470$4,047,328$3,810,234$4,677,684
58$5,420,309$4,220,455$3,912,685$4,986,090
59$5,947,195$4,401,272$4,017,774$5,319,897
60$6,527,005$4,590,131$4,125,566$5,681,467
61$7,165,112$4,787,399$4,236,125$6,073,390
62$7,867,434$4,993,463$4,349,516$6,498,513
63$8,640,495$5,208,725$4,465,807$6,959,962
64$9,491,481$5,433,609$4,585,068$7,461,171
65$10,428,313$5,668,556$4,707,368$8,005,913
66$11,459,715$5,914,029$4,832,779$8,598,336
67$12,595,303$6,170,514$4,961,374$9,242,997
68$13,845,672$6,438,518$5,093,229$9,944,907
69$15,222,497$6,718,571$5,228,418$10,709,574
70$16,738,642$7,011,231$5,367,020$11,543,053
71$18,408,282$7,317,080$5,509,114$12,452,004
72$20,247,038$7,636,728$5,654,780$13,443,751
73$22,272,122$7,970,814$5,804,101$14,526,350
74$24,502,500$8,320,006$5,957,161$15,708,661
75$26,959,075$8,685,006$6,114,045$17,000,431
76$29,664,875$9,066,546$6,274,840$18,412,385
77$32,645,280$9,465,394$6,439,635$19,956,322
78$35,928,256$9,882,356$6,608,521$21,645,224
79$39,544,620$10,318,273$6,781,588$23,493,381
80$43,528,331$10,774,028$6,958,931$25,516,515
81$47,916,810$11,250,545$7,140,645$27,731,932
82$52,751,295$11,748,793$7,326,827$30,158,680
83$58,077,227$12,269,783$7,517,575$32,817,726
84$63,944,681$12,814,580$7,712,991$35,732,150
85$70,408,839$13,384,294$7,913,176$38,927,359
86$77,530,506$13,980,090$8,118,234$42,431,327
87$85,376,693$14,603,190$8,328,270$46,274,850
88$94,021,241$15,254,871$8,543,391$50,491,836
89$103,545,520$15,936,472$8,763,707$55,119,621
90$114,039,200$16,649,396$8,989,329$60,199,316
91$125,601,094$17,395,113$9,220,367$65,776,192
92$138,340,094$18,175,161$9,456,938$71,900,101
93$152,376,194$18,991,154$9,699,155$78,625,943
94$167,841,626$19,844,782$9,947,138$86,014,179
95$184,882,109$20,737,813$10,201,004$94,131,396
96$203,658,221$21,672,103$10,460,874$103,050,930
97$224,346,918$22,649,594$10,726,872$112,853,555
98$247,143,202$23,672,323$10,999,121$123,628,234
99$272,261,963$24,742,421$11,277,746$135,472,958
100$299,940,008$25,862,124$11,562,875$148,495,662