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

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$297,285$294,637$292,053$289,531$287,069$282,430
2 years$147,171$144,430$141,773$139,198$136,700$132,038
3 years$97,139$94,386$91,737$89,185$86,728$82,190
4 years$72,128$69,384$66,761$64,253$61,855$57,475
5 years$57,126$54,398$51,809$49,352$47,021$42,812
6 years$47,127$44,420$41,869$39,468$37,206$33,172
7 years$39,988$37,304$34,794$32,448$30,259$26,402
8 years$34,637$31,976$29,508$27,220$25,102$21,422
9 years$30,476$27,841$25,415$23,186$21,140$17,633
10 years$27,150$24,541$22,157$19,986$18,012$14,677
11 years$24,430$21,847$19,507$17,394$15,491$12,323
12 years$22,165$19,609$17,312$15,257$13,424$10,420
13 years$20,251$17,721$15,467$13,470$11,706$8,862
14 years$18,611$16,107$13,897$11,957$10,262$7,572
15 years$17,191$14,714$12,547$10,663$9,035$6,495
16 years$15,949$13,500$11,376$9,548$7,985$5,589
17 years$14,855$12,433$10,352$8,579$7,080$4,823
18 years$13,884$11,489$9,450$7,731$6,295$4,172
19 years$13,016$10,648$8,651$6,986$5,611$3,616
20 years$12,235$9,894$7,939$6,327$5,012$3,140
21 years$11,530$9,216$7,303$5,742$4,485$2,730
22 years$10,890$8,603$6,731$5,221$4,020$2,376
23 years$10,306$8,046$6,214$4,755$3,609$2,071
24 years$9,772$7,539$5,747$4,337$3,244$1,807
25 years$9,281$7,075$5,323$3,960$2,919$1,577
26 years$8,829$6,649$4,937$3,621$2,629$1,378
27 years$8,411$6,258$4,584$3,315$2,371$1,205
28 years$8,024$5,897$4,262$3,037$2,139$1,054
29 years$7,664$5,563$3,966$2,785$1,931$922
30 years$7,328$5,253$3,694$2,556$1,745$807
31 years$7,015$4,966$3,444$2,347$1,578$707
32 years$6,722$4,699$3,213$2,157$1,427$619
33 years$6,447$4,450$3,000$1,984$1,292$543
34 years$6,189$4,218$2,803$1,825$1,169$476
35 years$5,946$4,000$2,621$1,680$1,059$417
36 years$5,718$3,797$2,452$1,547$960$366
37 years$5,502$3,606$2,295$1,426$870$321
38 years$5,298$3,427$2,149$1,314$789$281
39 years$5,105$3,259$2,013$1,212$715$247
40 years$4,922$3,101$1,887$1,118$649$216
41 years$4,748$2,951$1,770$1,031$588$190
42 years$4,583$2,811$1,660$952$534$167
43 years$4,427$2,678$1,558$878$485$146
44 years$4,277$2,553$1,462$811$440$128
45 years$4,135$2,434$1,373$749$399$113
46 years$3,999$2,322$1,289$692$363$99
47 years$3,870$2,216$1,211$639$329$87
48 years$3,746$2,116$1,138$591$299$76
49 years$3,628$2,020$1,070$546$272$67
50 years$3,515$1,930$1,006$505$247$59

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 $6,837 every year, while hoping to spend $53,718 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: 64/9/27 Blend
53$3,600,000$3,600,000$3,600,000$3,600,000
54$3,974,252$3,783,452$3,727,652$4,199,784
55$4,322,471$3,911,686$3,795,373$4,481,434
56$4,704,407$4,044,403$3,863,562$4,782,506
57$5,123,443$4,181,765$3,932,179$5,110,305
58$5,583,306$4,323,943$4,001,178$5,467,465
59$6,088,098$4,471,112$4,070,513$5,856,882
60$6,642,341$4,623,453$4,140,132$6,281,749
61$7,251,015$4,781,157$4,209,981$6,745,580
62$7,919,605$4,944,420$4,280,002$7,252,246
63$8,654,154$5,113,446$4,350,131$7,806,012
64$9,461,319$5,288,447$4,420,302$8,411,574
65$10,348,435$5,469,643$4,490,444$9,074,106
66$11,323,583$5,657,262$4,560,481$9,799,307
67$12,395,662$5,851,542$4,630,331$10,593,457
68$13,574,482$6,052,730$4,699,910$11,463,470
69$14,870,847$6,261,081$4,769,124$12,416,967
70$16,296,662$6,476,862$4,837,878$13,462,342
71$17,865,043$6,700,350$4,906,069$14,608,843
72$19,590,441$6,931,832$4,973,586$15,866,659
73$21,488,780$7,171,606$5,040,316$17,247,018
74$23,577,604$7,419,982$5,106,134$18,762,286
75$25,876,241$7,677,283$5,170,911$20,426,092
76$28,405,992$7,943,844$5,234,511$22,253,452
77$31,190,325$8,220,014$5,296,788$24,260,909
78$34,255,097$8,506,154$5,357,590$26,466,693
79$37,628,802$8,802,640$5,416,754$28,890,890
80$41,342,834$9,109,865$5,474,111$31,555,631
81$45,431,789$9,428,234$5,529,479$34,485,305
82$49,933,785$9,758,170$5,582,670$37,706,782
83$54,890,825$10,100,115$5,633,483$41,249,672
84$60,349,192$10,454,523$5,681,708$45,146,604
85$66,359,888$10,821,873$5,727,123$49,433,530
86$72,979,109$11,202,657$5,769,494$54,150,067
87$80,268,782$11,597,391$5,808,576$59,339,871
88$88,297,144$12,006,610$5,844,110$65,051,047
89$97,139,389$12,430,870$5,875,824$71,336,604
90$106,878,375$12,870,751$5,903,433$78,254,956
91$117,605,407$13,326,856$5,926,635$85,870,472
92$129,421,098$13,799,811$5,945,116$94,254,084
93$142,436,317$14,290,268$5,958,545$103,483,955
94$156,773,237$14,798,908$5,966,572$113,646,220
95$172,566,489$15,326,436$5,968,834$124,835,795
96$189,964,428$15,873,588$5,964,947$137,157,275
97$209,130,535$16,441,129$5,954,508$150,725,921
98$230,244,961$17,029,856$5,937,096$165,668,749
99$253,506,227$17,640,599$5,912,269$182,125,725
100$279,133,096$18,274,222$5,879,563$200,251,091