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%11.8%
1 years$289,027$286,452$283,940$281,489$279,095$276,988
2 years$143,083$140,418$137,835$135,331$132,902$130,778
3 years$94,441$91,765$89,188$86,708$84,319$82,243
4 years$70,125$67,457$64,906$62,468$60,137$58,126
5 years$55,539$52,887$50,370$47,982$45,715$43,774
6 years$45,818$43,186$40,706$38,371$36,173$34,305
7 years$38,878$36,268$33,827$31,547$29,418$27,624
8 years$33,674$31,088$28,688$26,464$24,405$22,685
9 years$29,630$27,068$24,709$22,542$20,553$18,906
10 years$26,396$23,859$21,542$19,431$17,512$15,937
11 years$23,752$21,240$18,965$16,911$15,061$13,557
12 years$21,550$19,064$16,831$14,833$13,051$11,618
13 years$19,688$17,228$15,038$13,095$11,381$10,016
14 years$18,094$15,660$13,511$11,625$9,977$8,678
15 years$16,713$14,306$12,199$10,367$8,784$7,551
16 years$15,506$13,125$11,060$9,283$7,763$6,593
17 years$14,443$12,088$10,064$8,340$6,884$5,774
18 years$13,498$11,170$9,187$7,516$6,121$5,070
19 years$12,654$10,352$8,411$6,792$5,455$4,462
20 years$11,895$9,620$7,719$6,151$4,873$3,934
21 years$11,210$8,960$7,100$5,583$4,361$3,475
22 years$10,587$8,364$6,544$5,076$3,909$3,074
23 years$10,020$7,823$6,042$4,623$3,509$2,722
24 years$9,501$7,329$5,588$4,216$3,154$2,414
25 years$9,024$6,878$5,175$3,850$2,838$2,142
26 years$8,584$6,464$4,800$3,521$2,556$1,903
27 years$8,177$6,084$4,457$3,223$2,305$1,692
28 years$7,801$5,733$4,143$2,953$2,080$1,505
29 years$7,451$5,408$3,856$2,708$1,878$1,340
30 years$7,124$5,107$3,592$2,485$1,697$1,193
31 years$6,820$4,828$3,348$2,282$1,534$1,063
32 years$6,535$4,569$3,124$2,097$1,388$948
33 years$6,268$4,326$2,917$1,929$1,256$845
34 years$6,017$4,100$2,725$1,775$1,137$754
35 years$5,781$3,889$2,548$1,634$1,030$673
36 years$5,559$3,691$2,384$1,504$933$600
37 years$5,349$3,506$2,231$1,386$846$536
38 years$5,151$3,332$2,089$1,278$767$478
39 years$4,963$3,168$1,957$1,178$695$427
40 years$4,785$3,014$1,835$1,087$631$382
41 years$4,616$2,869$1,720$1,003$572$341
42 years$4,456$2,733$1,614$925$519$305
43 years$4,304$2,604$1,514$854$471$272
44 years$4,158$2,482$1,421$789$428$243
45 years$4,020$2,367$1,335$728$388$217
46 years$3,888$2,258$1,254$673$352$194
47 years$3,763$2,155$1,178$622$320$174
48 years$3,642$2,057$1,107$574$291$155
49 years$3,527$1,964$1,040$531$264$139
50 years$3,417$1,876$978$491$240$124

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 $5,709 every year, while hoping to spend $59,764 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: 51/24/25 Blend
53$3,500,000$3,500,000$3,500,000$3,500,000
54$3,862,889$3,677,389$3,623,139$4,032,544
55$4,193,315$3,793,992$3,680,926$4,267,550
56$4,555,442$3,914,307$3,738,645$4,516,420
57$4,952,439$4,038,450$3,796,232$4,785,823
58$5,387,799$4,166,545$3,853,617$5,077,734
59$5,865,368$4,298,719$3,910,726$5,394,327
60$6,389,380$4,435,101$3,967,481$5,737,996
61$6,964,503$4,575,827$4,023,797$6,111,376
62$7,595,876$4,721,037$4,079,588$6,517,367
63$8,289,160$4,870,872$4,134,759$6,959,163
64$9,050,592$5,025,483$4,189,211$7,440,282
65$9,887,042$5,185,021$4,242,840$7,964,597
66$10,806,079$5,349,645$4,295,533$8,536,371
67$11,816,040$5,519,519$4,347,175$9,160,303
68$12,926,111$5,694,810$4,397,640$9,841,565
69$14,146,412$5,875,693$4,446,798$10,585,855
70$15,488,091$6,062,347$4,494,510$11,399,448
71$16,963,431$6,254,957$4,540,632$12,289,258
72$18,585,967$6,453,716$4,585,009$13,262,898
73$20,370,607$6,658,820$4,627,478$14,328,756
74$22,333,780$6,870,473$4,667,870$15,496,073
75$24,493,586$7,088,887$4,706,004$16,775,029
76$26,869,968$7,314,278$4,741,691$18,176,837
77$29,484,899$7,546,872$4,774,732$19,713,852
78$32,362,590$7,786,899$4,804,916$21,399,686
79$35,529,717$8,034,601$4,832,024$23,249,335
80$39,015,675$8,290,223$4,855,824$25,279,323
81$42,852,852$8,554,022$4,876,072$27,507,852
82$47,076,934$8,826,260$4,892,512$29,954,981
83$51,727,245$9,107,211$4,904,875$32,642,809
84$56,847,114$9,397,155$4,912,878$35,595,686
85$62,484,286$9,696,382$4,916,226$38,840,443
86$68,691,371$10,005,192$4,914,608$42,406,644
87$75,526,340$10,323,895$4,907,696$46,326,862
88$83,053,072$10,652,811$4,895,149$50,636,991
89$91,341,956$10,992,270$4,876,607$55,376,584
90$100,470,557$11,342,612$4,851,695$60,589,220
91$110,524,344$11,704,191$4,820,017$66,322,924
92$121,597,500$12,077,369$4,781,160$72,630,612
93$133,793,808$12,462,523$4,734,692$79,570,597
94$147,227,630$12,860,040$4,680,157$87,207,131
95$162,024,987$13,270,321$4,617,082$95,611,022
96$178,324,750$13,693,781$4,544,968$104,860,292
97$196,279,944$14,130,846$4,463,295$115,040,919
98$216,059,200$14,581,959$4,371,516$126,247,647
99$237,848,339$15,047,575$4,269,062$138,584,879
100$261,852,129$15,528,166$4,155,336$152,167,665