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%16.7%
1 years$280,769$278,268$275,828$273,446$271,121$263,711
2 years$138,994$136,406$133,897$131,465$129,105$121,694
3 years$91,743$89,143$86,640$84,231$81,910$74,729
4 years$68,121$65,529$63,052$60,683$58,419$51,524
5 years$53,952$51,376$48,931$46,611$44,409$37,819
6 years$44,509$41,952$39,543$37,275$35,139$28,861
7 years$37,767$35,231$32,861$30,646$28,578$22,610
8 years$32,712$30,200$27,869$25,708$23,708$18,049
9 years$28,783$26,294$24,003$21,897$19,965$14,609
10 years$25,642$23,177$20,926$18,876$17,012$11,951
11 years$23,073$20,633$18,423$16,428$14,631$9,858
12 years$20,934$18,519$16,350$14,409$12,679$8,185
13 years$19,126$16,736$14,608$12,721$11,056$6,832
14 years$17,577$15,213$13,125$11,292$9,692$5,727
15 years$16,236$13,897$11,850$10,071$8,533$4,818
16 years$15,063$12,750$10,744$9,017$7,542$4,065
17 years$14,030$11,742$9,777$8,102$6,687$3,438
18 years$13,112$10,851$8,925$7,302$5,946$2,913
19 years$12,293$10,056$8,170$6,598$5,300$2,473
20 years$11,556$9,345$7,498$5,975$4,734$2,102
21 years$10,890$8,704$6,897$5,423$4,236$1,789
22 years$10,285$8,125$6,357$4,931$3,797$1,524
23 years$9,734$7,599$5,869$4,491$3,408$1,300
24 years$9,229$7,120$5,428$4,096$3,064$1,109
25 years$8,766$6,682$5,027$3,740$2,757$947
26 years$8,339$6,280$4,663$3,420$2,483$809
27 years$7,944$5,910$4,330$3,130$2,239$691
28 years$7,578$5,569$4,025$2,868$2,020$591
29 years$7,238$5,254$3,746$2,630$1,824$506
30 years$6,921$4,962$3,489$2,414$1,648$432
31 years$6,625$4,690$3,253$2,217$1,490$370
32 years$6,348$4,438$3,035$2,037$1,348$317
33 years$6,089$4,203$2,834$1,874$1,220$271
34 years$5,845$3,983$2,648$1,724$1,104$232
35 years$5,616$3,778$2,475$1,587$1,000$199
36 years$5,400$3,586$2,316$1,461$906$170
37 years$5,196$3,406$2,167$1,347$821$146
38 years$5,003$3,237$2,030$1,241$745$125
39 years$4,821$3,078$1,901$1,144$675$107
40 years$4,648$2,928$1,782$1,056$613$92
41 years$4,484$2,788$1,671$974$556$78
42 years$4,329$2,655$1,568$899$504$67
43 years$4,181$2,529$1,471$830$458$58
44 years$4,040$2,411$1,381$766$415$49
45 years$3,905$2,299$1,297$707$377$42
46 years$3,777$2,193$1,218$654$342$36
47 years$3,655$2,093$1,144$604$311$31
48 years$3,538$1,998$1,075$558$282$27
49 years$3,426$1,908$1,011$516$256$23
50 years$3,320$1,823$950$477$233$20

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 $4,261 every year, while hoping to spend $47,362 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: 28/50/22 Blend
53$3,400,000$3,400,000$3,400,000$3,400,000
54$3,751,195$3,570,995$3,518,295$3,830,145
55$4,083,424$3,695,581$3,585,765$4,016,654
56$4,447,953$3,824,684$3,653,908$4,212,438
57$4,848,027$3,958,476$3,722,697$4,421,798
58$5,287,219$4,097,135$3,792,100$4,645,924
59$5,769,467$4,240,846$3,862,087$4,886,121
60$6,299,107$4,389,802$3,932,621$5,143,820
61$6,880,917$4,544,203$4,003,665$5,420,592
62$7,520,159$4,704,258$4,075,176$5,718,160
63$8,222,631$4,870,183$4,147,111$6,038,417
64$8,994,722$5,042,204$4,219,421$6,383,443
65$9,843,467$5,220,555$4,292,055$6,755,519
66$10,776,620$5,405,481$4,364,958$7,157,153
67$11,802,721$5,597,236$4,438,071$7,591,100
68$12,931,182$5,796,084$4,511,329$8,060,390
69$14,172,370$6,002,299$4,584,666$8,568,349
70$15,537,708$6,216,169$4,658,009$9,118,637
71$17,039,784$6,437,991$4,731,282$9,715,275
72$18,692,464$6,668,074$4,804,402$10,362,688
73$20,511,028$6,906,743$4,877,282$11,065,739
74$22,512,312$7,154,332$4,949,830$11,829,778
75$24,714,864$7,411,191$5,021,946$12,660,691
76$27,139,126$7,677,685$5,093,527$13,564,950
77$29,807,618$7,954,192$5,164,461$14,549,681
78$32,745,155$8,241,108$5,234,631$15,622,719
79$35,979,082$8,538,843$5,303,912$16,792,689
80$39,539,527$8,847,826$5,372,172$18,069,084
81$43,459,692$9,168,502$5,439,272$19,462,350
82$47,776,158$9,501,336$5,505,065$20,983,984
83$52,529,236$9,846,811$5,569,395$22,646,644
84$57,763,345$10,205,432$5,632,097$24,464,262
85$63,527,431$10,577,723$5,692,997$26,452,178
86$69,875,429$10,964,232$5,751,913$28,627,279
87$76,866,772$11,365,528$5,808,650$31,008,159
88$84,566,948$11,782,205$5,863,006$33,615,290
89$93,048,126$12,214,881$5,914,766$36,471,216
90$102,389,827$12,664,203$5,963,702$39,600,763
91$112,679,681$13,130,841$6,009,579$43,031,267
92$124,014,253$13,615,496$6,052,143$46,792,835
93$136,499,950$14,118,898$6,091,133$50,918,624
94$150,254,029$14,641,809$6,126,271$55,445,150
95$165,405,704$15,185,022$6,157,265$60,412,635
96$182,097,362$15,749,364$6,183,809$65,865,377
97$200,485,907$16,335,697$6,205,581$71,852,170
98$220,744,244$16,944,921$6,222,243$78,426,762
99$243,062,908$17,577,973$6,233,439$85,648,354
100$267,651,863$18,235,831$6,238,797$93,582,163