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

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$289,027$286,452$283,940$281,489$279,095$274,584
2 years$143,083$140,418$137,835$135,331$132,902$128,370
3 years$94,441$91,765$89,188$86,708$84,319$79,906
4 years$70,125$67,457$64,906$62,468$60,137$55,878
5 years$55,539$52,887$50,370$47,982$45,715$41,623
6 years$45,818$43,186$40,706$38,371$36,173$32,251
7 years$38,878$36,268$33,827$31,547$29,418$25,668
8 years$33,674$31,088$28,688$26,464$24,405$20,826
9 years$29,630$27,068$24,709$22,542$20,553$17,143
10 years$26,396$23,859$21,542$19,431$17,512$14,269
11 years$23,752$21,240$18,965$16,911$15,061$11,981
12 years$21,550$19,064$16,831$14,833$13,051$10,131
13 years$19,688$17,228$15,038$13,095$11,381$8,615
14 years$18,094$15,660$13,511$11,625$9,977$7,361
15 years$16,713$14,306$12,199$10,367$8,784$6,314
16 years$15,506$13,125$11,060$9,283$7,763$5,434
17 years$14,443$12,088$10,064$8,340$6,884$4,689
18 years$13,498$11,170$9,187$7,516$6,121$4,056
19 years$12,654$10,352$8,411$6,792$5,455$3,516
20 years$11,895$9,620$7,719$6,151$4,873$3,052
21 years$11,210$8,960$7,100$5,583$4,361$2,654
22 years$10,587$8,364$6,544$5,076$3,909$2,310
23 years$10,020$7,823$6,042$4,623$3,509$2,014
24 years$9,501$7,329$5,588$4,216$3,154$1,757
25 years$9,024$6,878$5,175$3,850$2,838$1,534
26 years$8,584$6,464$4,800$3,521$2,556$1,340
27 years$8,177$6,084$4,457$3,223$2,305$1,171
28 years$7,801$5,733$4,143$2,953$2,080$1,025
29 years$7,451$5,408$3,856$2,708$1,878$897
30 years$7,124$5,107$3,592$2,485$1,697$785
31 years$6,820$4,828$3,348$2,282$1,534$687
32 years$6,535$4,569$3,124$2,097$1,388$602
33 years$6,268$4,326$2,917$1,929$1,256$528
34 years$6,017$4,100$2,725$1,775$1,137$463
35 years$5,781$3,889$2,548$1,634$1,030$405
36 years$5,559$3,691$2,384$1,504$933$356
37 years$5,349$3,506$2,231$1,386$846$312
38 years$5,151$3,332$2,089$1,278$767$273
39 years$4,963$3,168$1,957$1,178$695$240
40 years$4,785$3,014$1,835$1,087$631$210
41 years$4,616$2,869$1,720$1,003$572$185
42 years$4,456$2,733$1,614$925$519$162
43 years$4,304$2,604$1,514$854$471$142
44 years$4,158$2,482$1,421$789$428$125
45 years$4,020$2,367$1,335$728$388$109
46 years$3,888$2,258$1,254$673$352$96
47 years$3,763$2,155$1,178$622$320$84
48 years$3,642$2,057$1,107$574$291$74
49 years$3,527$1,964$1,040$531$264$65
50 years$3,417$1,876$978$491$240$57

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 $3,373 every year, while hoping to spend $44,160 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: 46/34/20 Blend
53$3,500,000$3,500,000$3,500,000$3,500,000
54$3,860,479$3,674,979$3,620,729$4,015,832
55$4,207,262$3,808,067$3,695,038$4,257,997
56$4,587,937$3,946,197$3,770,356$4,515,906
57$5,005,914$4,089,568$3,846,670$4,794,803
58$5,464,950$4,238,389$3,923,966$5,096,664
59$5,969,183$4,392,878$4,002,227$5,423,661
60$6,523,172$4,553,262$4,081,434$5,778,181
61$7,131,940$4,719,776$4,161,567$6,162,852
62$7,801,020$4,892,667$4,242,601$6,580,560
63$8,536,506$5,072,190$4,324,511$7,034,482
64$9,345,116$5,258,614$4,407,268$7,528,111
65$10,234,247$5,452,215$4,490,840$8,065,291
66$11,212,051$5,653,284$4,575,194$8,650,251
67$12,287,510$5,862,125$4,660,293$9,287,643
68$13,470,517$6,079,050$4,746,094$9,982,588
69$14,771,977$6,304,391$4,832,555$10,740,721
70$16,203,901$6,538,488$4,919,628$11,568,244
71$17,779,524$6,781,699$5,007,261$12,471,982
72$19,513,429$7,034,397$5,095,398$13,459,449
73$21,421,686$7,296,969$5,183,981$14,538,918
74$23,521,998$7,569,820$5,272,944$15,719,493
75$25,833,874$7,853,373$5,362,220$17,011,202
76$28,378,809$8,148,069$5,451,734$18,425,083
77$31,180,488$8,454,365$5,541,408$19,973,289
78$34,265,011$8,772,742$5,631,158$21,669,205
79$37,661,135$9,103,699$5,720,895$23,527,568
80$41,400,548$9,447,757$5,810,522$25,564,608
81$45,518,167$9,805,460$5,899,937$27,798,198
82$50,052,468$10,177,376$5,989,034$30,248,022
83$55,045,849$10,564,097$6,077,695$32,935,761
84$60,545,027$10,966,239$6,165,800$35,885,292
85$66,601,483$11,384,448$6,253,218$39,122,914
86$73,271,945$11,819,397$6,339,811$42,677,596
87$80,618,924$12,271,787$6,425,435$46,581,247
88$88,711,301$12,742,352$6,509,933$50,869,012
89$97,624,981$13,231,855$6,593,144$55,579,611
90$107,443,609$13,741,096$6,674,894$60,755,692
91$118,259,355$14,270,907$6,755,001$66,444,238
92$130,173,786$14,822,158$6,833,270$72,697,007
93$143,298,826$15,395,758$6,909,499$79,571,016
94$157,757,811$15,992,655$6,983,472$87,129,083
95$173,686,652$16,613,839$7,054,962$95,440,407
96$191,235,116$17,260,343$7,123,729$104,581,231
97$210,568,246$17,933,248$7,189,522$114,635,550
98$231,867,910$18,633,680$7,252,074$125,695,903
99$255,334,523$19,362,816$7,311,105$137,864,249
100$281,188,938$20,121,888$7,366,320$151,252,920