Can I retire at age 54 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$297,285$294,637$292,053$289,531$287,069$276,994
2 years$147,171$144,430$141,773$139,198$136,700$126,655
3 years$97,139$94,386$91,737$89,185$86,728$77,029
4 years$72,128$69,384$66,761$64,253$61,855$52,576
5 years$57,126$54,398$51,809$49,352$47,021$38,187
6 years$47,127$44,420$41,869$39,468$37,206$28,823
7 years$39,988$37,304$34,794$32,448$30,259$22,325
8 years$34,637$31,976$29,508$27,220$25,102$17,612
9 years$30,476$27,841$25,415$23,186$21,140$14,083
10 years$27,150$24,541$22,157$19,986$18,012$11,377
11 years$24,430$21,847$19,507$17,394$15,491$9,264
12 years$22,165$19,609$17,312$15,257$13,424$7,591
13 years$20,251$17,721$15,467$13,470$11,706$6,251
14 years$18,611$16,107$13,897$11,957$10,262$5,168
15 years$17,191$14,714$12,547$10,663$9,035$4,286
16 years$15,949$13,500$11,376$9,548$7,985$3,565
17 years$14,855$12,433$10,352$8,579$7,080$2,971
18 years$13,884$11,489$9,450$7,731$6,295$2,480
19 years$13,016$10,648$8,651$6,986$5,611$2,074
20 years$12,235$9,894$7,939$6,327$5,012$1,736
21 years$11,530$9,216$7,303$5,742$4,485$1,455
22 years$10,890$8,603$6,731$5,221$4,020$1,220
23 years$10,306$8,046$6,214$4,755$3,609$1,024
24 years$9,772$7,539$5,747$4,337$3,244$860
25 years$9,281$7,075$5,323$3,960$2,919$723
26 years$8,829$6,649$4,937$3,621$2,629$608
27 years$8,411$6,258$4,584$3,315$2,371$511
28 years$8,024$5,897$4,262$3,037$2,139$430
29 years$7,664$5,563$3,966$2,785$1,931$362
30 years$7,328$5,253$3,694$2,556$1,745$304
31 years$7,015$4,966$3,444$2,347$1,578$256
32 years$6,722$4,699$3,213$2,157$1,427$216
33 years$6,447$4,450$3,000$1,984$1,292$182
34 years$6,189$4,218$2,803$1,825$1,169$153
35 years$5,946$4,000$2,621$1,680$1,059$129
36 years$5,718$3,797$2,452$1,547$960$108
37 years$5,502$3,606$2,295$1,426$870$91
38 years$5,298$3,427$2,149$1,314$789$77
39 years$5,105$3,259$2,013$1,212$715$65
40 years$4,922$3,101$1,887$1,118$649$55
41 years$4,748$2,951$1,770$1,031$588$46
42 years$4,583$2,811$1,660$952$534$39
43 years$4,427$2,678$1,558$878$485$33
44 years$4,277$2,553$1,462$811$440$27
45 years$4,135$2,434$1,373$749$399$23
46 years$3,999$2,322$1,289$692$363$19
47 years$3,870$2,216$1,211$639$329$16
48 years$3,746$2,116$1,138$591$299$14
49 years$3,628$2,020$1,070$546$272$12
50 years$3,515$1,930$1,006$505$247$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,600,000, adding $2,628 every year, while hoping to spend $40,943 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: 27/49/24 Blend
53$3,600,000$3,600,000$3,600,000$3,600,000
54$3,969,911$3,779,111$3,723,311$4,047,076
55$4,331,279$3,920,724$3,804,479$4,250,279
56$4,728,134$4,067,904$3,886,993$4,464,560
57$5,164,053$4,220,881$3,970,857$4,693,781
58$5,642,975$4,379,893$4,056,070$4,939,236
59$6,169,242$4,545,191$4,142,631$5,202,347
60$6,747,634$4,717,035$4,230,539$5,484,669
61$7,383,420$4,895,697$4,319,790$5,787,908
62$8,082,404$5,081,461$4,410,377$6,113,935
63$8,850,978$5,274,622$4,502,294$6,464,804
64$9,696,189$5,475,489$4,595,532$6,842,768
65$10,625,797$5,684,385$4,690,079$7,250,297
66$11,648,354$5,901,645$4,785,922$7,690,107
67$12,773,281$6,127,621$4,883,046$8,165,178
68$14,010,960$6,362,679$4,981,432$8,678,781
69$15,372,829$6,607,201$5,081,061$9,234,513
70$16,871,490$6,861,587$5,181,909$9,836,321
71$18,520,829$7,126,252$5,283,950$10,488,547
72$20,336,147$7,401,631$5,387,156$11,195,958
73$22,334,302$7,688,180$5,491,494$11,963,796
74$24,533,872$7,986,371$5,596,929$12,797,825
75$26,955,323$8,296,700$5,703,423$13,704,378
76$29,621,211$8,619,683$5,810,933$14,690,421
77$32,556,388$8,955,861$5,919,412$15,763,617
78$35,788,238$9,305,796$6,028,811$16,932,388
79$39,346,936$9,670,078$6,139,074$18,206,004
80$43,265,732$10,049,321$6,250,142$19,594,659
81$47,581,267$10,444,167$6,361,951$21,109,569
82$52,333,912$10,855,288$6,474,433$22,763,074
83$57,568,157$11,283,383$6,587,512$24,568,754
84$63,333,025$11,729,184$6,701,110$26,541,550
85$69,682,536$12,193,457$6,815,139$28,697,910
86$76,676,217$12,676,999$6,929,510$31,055,931
87$84,379,666$13,180,646$7,044,122$33,635,537
88$92,865,164$13,705,270$7,158,872$36,458,657
89$102,212,364$14,251,781$7,273,648$39,549,432
90$112,509,039$14,821,133$7,388,329$42,934,438
91$123,851,913$15,414,320$7,502,790$46,642,933
92$136,347,568$16,032,382$7,616,894$50,707,132
93$150,113,457$16,676,406$7,730,497$55,162,506
94$165,279,008$17,347,528$7,843,447$60,048,109
95$181,986,845$18,046,935$7,955,580$65,406,949
96$200,394,137$18,775,869$8,066,726$71,286,385
97$220,674,079$19,535,626$8,176,701$77,738,571
98$243,017,526$20,327,563$8,285,312$84,820,945
99$267,634,798$21,153,098$8,392,354$92,596,762
100$294,757,661$22,013,713$8,497,611$101,135,691