Can I retire at age 54 with 3,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$289,027$286,452$283,940$281,489$279,095$273,236
2 years$143,083$140,418$137,835$135,331$132,902$127,028
3 years$94,441$91,765$89,188$86,708$84,319$78,611
4 years$70,125$67,457$64,906$62,468$60,137$54,640
5 years$55,539$52,887$50,370$47,982$45,715$40,445
6 years$45,818$43,186$40,706$38,371$36,173$31,135
7 years$38,878$36,268$33,827$31,547$29,418$24,614
8 years$33,674$31,088$28,688$26,464$24,405$19,832
9 years$29,630$27,068$24,709$22,542$20,553$16,208
10 years$26,396$23,859$21,542$19,431$17,512$13,392
11 years$23,752$21,240$18,965$16,911$15,061$11,160
12 years$21,550$19,064$16,831$14,833$13,051$9,363
13 years$19,688$17,228$15,038$13,095$11,381$7,900
14 years$18,094$15,660$13,511$11,625$9,977$6,695
15 years$16,713$14,306$12,199$10,367$8,784$5,696
16 years$15,506$13,125$11,060$9,283$7,763$4,860
17 years$14,443$12,088$10,064$8,340$6,884$4,159
18 years$13,498$11,170$9,187$7,516$6,121$3,566
19 years$12,654$10,352$8,411$6,792$5,455$3,063
20 years$11,895$9,620$7,719$6,151$4,873$2,636
21 years$11,210$8,960$7,100$5,583$4,361$2,271
22 years$10,587$8,364$6,544$5,076$3,909$1,959
23 years$10,020$7,823$6,042$4,623$3,509$1,691
24 years$9,501$7,329$5,588$4,216$3,154$1,462
25 years$9,024$6,878$5,175$3,850$2,838$1,264
26 years$8,584$6,464$4,800$3,521$2,556$1,094
27 years$8,177$6,084$4,457$3,223$2,305$947
28 years$7,801$5,733$4,143$2,953$2,080$820
29 years$7,451$5,408$3,856$2,708$1,878$711
30 years$7,124$5,107$3,592$2,485$1,697$616
31 years$6,820$4,828$3,348$2,282$1,534$534
32 years$6,535$4,569$3,124$2,097$1,388$463
33 years$6,268$4,326$2,917$1,929$1,256$402
34 years$6,017$4,100$2,725$1,775$1,137$349
35 years$5,781$3,889$2,548$1,634$1,030$303
36 years$5,559$3,691$2,384$1,504$933$263
37 years$5,349$3,506$2,231$1,386$846$228
38 years$5,151$3,332$2,089$1,278$767$198
39 years$4,963$3,168$1,957$1,178$695$172
40 years$4,785$3,014$1,835$1,087$631$149
41 years$4,616$2,869$1,720$1,003$572$130
42 years$4,456$2,733$1,614$925$519$113
43 years$4,304$2,604$1,514$854$471$98
44 years$4,158$2,482$1,421$789$428$85
45 years$4,020$2,367$1,335$728$388$74
46 years$3,888$2,258$1,254$673$352$64
47 years$3,763$2,155$1,178$622$320$56
48 years$3,642$2,057$1,107$574$291$48
49 years$3,527$1,964$1,040$531$264$42
50 years$3,417$1,876$978$491$240$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,500,000, adding $3,380 every year, while hoping to spend $58,802 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: 64/22/14 Blend
53$3,500,000$3,500,000$3,500,000$3,500,000
54$3,860,486$3,674,986$3,620,736$4,094,440
55$4,191,691$3,792,496$3,679,466$4,368,982
56$4,554,708$3,913,793$3,738,193$4,661,660
57$4,952,720$4,039,000$3,796,854$4,979,917
58$5,389,232$4,168,245$3,855,383$5,326,245
59$5,868,105$4,301,661$3,913,710$5,703,388
60$6,393,592$4,439,383$3,971,759$6,114,367
61$6,970,378$4,581,552$4,029,453$6,562,505
62$7,603,621$4,728,313$4,086,704$7,051,465
63$8,299,007$4,879,817$4,143,426$7,585,275
64$9,062,797$5,036,219$4,199,521$8,168,376
65$9,901,888$5,197,679$4,254,891$8,805,653
66$10,823,878$5,364,363$4,309,428$9,502,490
67$11,837,140$5,536,443$4,363,019$10,264,814
68$12,950,895$5,714,096$4,415,547$11,099,153
69$14,175,303$5,897,504$4,466,885$12,012,697
70$15,521,559$6,086,856$4,516,901$13,013,365
71$17,001,995$6,282,349$4,565,454$14,109,881
72$18,630,198$6,484,183$4,612,396$15,311,853
73$20,421,139$6,692,569$4,657,572$16,629,865
74$22,391,311$6,907,721$4,700,817$18,075,576
75$24,558,889$7,129,863$4,741,958$19,661,831
76$26,943,895$7,359,226$4,780,813$21,402,778
77$29,568,391$7,596,047$4,817,189$23,314,005
78$32,456,687$7,840,573$4,850,885$25,412,684
79$35,635,567$8,093,059$4,881,687$27,717,735
80$39,134,544$8,353,769$4,909,373$30,250,001
81$42,986,138$8,622,973$4,933,708$33,032,447
82$47,226,180$8,900,955$4,954,443$36,090,373
83$51,894,153$9,188,005$4,971,320$39,451,656
84$57,033,563$9,484,424$4,984,065$43,147,010
85$62,692,349$9,790,522$4,992,393$47,210,276
86$68,923,333$10,106,623$4,996,003$51,678,740
87$75,784,723$10,433,057$4,994,580$56,593,486
88$83,340,659$10,770,171$4,987,792$61,999,782
89$91,661,815$11,118,318$4,975,292$67,947,507
90$100,826,072$11,477,868$4,956,716$74,491,620
91$110,919,248$11,849,200$4,931,682$81,692,680
92$122,035,908$12,232,708$4,899,791$89,617,417
93$134,280,260$12,628,799$4,860,623$98,339,357
94$147,767,131$13,037,895$4,813,738$107,939,522
95$162,623,057$13,460,430$4,758,677$118,507,188
96$178,987,473$13,896,856$4,694,957$130,140,733
97$197,014,030$14,347,637$4,622,073$142,948,557
98$216,872,047$14,813,257$4,539,498$157,050,112
99$238,748,102$15,294,213$4,446,678$172,577,025
100$262,847,801$15,791,022$4,343,035$189,674,341