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%14.3%
1 years$297,285$294,637$292,053$289,531$287,069$281,965
2 years$147,171$144,430$141,773$139,198$136,700$131,575
3 years$97,139$94,386$91,737$89,185$86,728$81,742
4 years$72,128$69,384$66,761$64,253$61,855$57,047
5 years$57,126$54,398$51,809$49,352$47,021$42,404
6 years$47,127$44,420$41,869$39,468$37,206$32,785
7 years$39,988$37,304$34,794$32,448$30,259$26,035
8 years$34,637$31,976$29,508$27,220$25,102$21,075
9 years$30,476$27,841$25,415$23,186$21,140$17,307
10 years$27,150$24,541$22,157$19,986$18,012$14,370
11 years$24,430$21,847$19,507$17,394$15,491$12,035
12 years$22,165$19,609$17,312$15,257$13,424$10,151
13 years$20,251$17,721$15,467$13,470$11,706$8,610
14 years$18,611$16,107$13,897$11,957$10,262$7,336
15 years$17,191$14,714$12,547$10,663$9,035$6,276
16 years$15,949$13,500$11,376$9,548$7,985$5,386
17 years$14,855$12,433$10,352$8,579$7,080$4,634
18 years$13,884$11,489$9,450$7,731$6,295$3,997
19 years$13,016$10,648$8,651$6,986$5,611$3,454
20 years$12,235$9,894$7,939$6,327$5,012$2,990
21 years$11,530$9,216$7,303$5,742$4,485$2,592
22 years$10,890$8,603$6,731$5,221$4,020$2,250
23 years$10,306$8,046$6,214$4,755$3,609$1,954
24 years$9,772$7,539$5,747$4,337$3,244$1,700
25 years$9,281$7,075$5,323$3,960$2,919$1,479
26 years$8,829$6,649$4,937$3,621$2,629$1,288
27 years$8,411$6,258$4,584$3,315$2,371$1,123
28 years$8,024$5,897$4,262$3,037$2,139$979
29 years$7,664$5,563$3,966$2,785$1,931$854
30 years$7,328$5,253$3,694$2,556$1,745$745
31 years$7,015$4,966$3,444$2,347$1,578$650
32 years$6,722$4,699$3,213$2,157$1,427$568
33 years$6,447$4,450$3,000$1,984$1,292$496
34 years$6,189$4,218$2,803$1,825$1,169$433
35 years$5,946$4,000$2,621$1,680$1,059$378
36 years$5,718$3,797$2,452$1,547$960$331
37 years$5,502$3,606$2,295$1,426$870$289
38 years$5,298$3,427$2,149$1,314$789$253
39 years$5,105$3,259$2,013$1,212$715$221
40 years$4,922$3,101$1,887$1,118$649$193
41 years$4,748$2,951$1,770$1,031$588$169
42 years$4,583$2,811$1,660$952$534$148
43 years$4,427$2,678$1,558$878$485$129
44 years$4,277$2,553$1,462$811$440$113
45 years$4,135$2,434$1,373$749$399$99
46 years$3,999$2,322$1,289$692$363$86
47 years$3,870$2,216$1,211$639$329$76
48 years$3,746$2,116$1,138$591$299$66
49 years$3,628$2,020$1,070$546$272$58
50 years$3,515$1,930$1,006$505$247$51

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 $2,363 every year, while hoping to spend $48,667 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: 70/25/5 Blend
53$3,600,000$3,600,000$3,600,000$3,600,000
54$3,969,637$3,778,837$3,723,037$4,245,358
55$4,322,759$3,912,219$3,795,978$4,561,131
56$4,710,268$4,050,505$3,869,731$4,900,272
57$5,135,621$4,193,885$3,944,272$5,269,985
58$5,602,623$4,342,555$4,019,574$5,673,259
59$6,115,471$4,496,720$4,095,610$6,113,381
60$6,678,781$4,656,592$4,172,345$6,593,969
61$7,297,645$4,822,393$4,249,747$7,119,004
62$7,977,669$4,994,354$4,327,777$7,692,870
63$8,725,028$5,172,714$4,406,395$8,320,394
64$9,546,527$5,357,724$4,485,555$9,006,886
65$10,449,663$5,549,642$4,565,212$9,758,196
66$11,442,694$5,748,741$4,645,312$10,580,763
67$12,534,721$5,955,301$4,725,802$11,481,677
68$13,735,767$6,169,615$4,806,621$12,468,747
69$15,056,880$6,391,991$4,887,707$13,550,569
70$16,510,227$6,622,744$4,968,991$14,736,612
71$18,109,219$6,862,207$5,050,401$16,037,302
72$19,868,629$7,110,725$5,131,859$17,464,123
73$21,804,736$7,368,657$5,213,283$19,029,721
74$23,935,474$7,636,377$5,294,583$20,748,027
75$26,280,608$7,914,274$5,375,667$22,634,382
76$28,861,912$8,202,756$5,456,434$24,705,687
77$31,703,381$8,502,245$5,536,778$26,980,556
78$34,831,452$8,813,181$5,616,587$29,479,493
79$38,275,259$9,136,025$5,695,741$32,225,085
80$42,066,899$9,471,255$5,774,112$35,242,214
81$46,241,746$9,819,369$5,851,568$38,558,288
82$50,838,773$10,180,888$5,927,965$42,203,502
83$55,900,929$10,556,352$6,003,152$46,211,122
84$61,475,538$10,946,327$6,076,972$50,617,792
85$67,614,747$11,351,402$6,149,255$55,463,887
86$74,376,020$11,772,189$6,219,824$60,793,883
87$81,822,676$12,209,329$6,288,490$66,656,787
88$90,024,492$12,663,488$6,355,057$73,106,585
89$99,058,353$13,135,362$6,419,314$80,202,762
90$109,008,986$13,625,676$6,481,042$88,010,855
91$119,969,754$14,135,185$6,540,008$96,603,069
92$132,043,538$14,664,679$6,595,968$106,058,963
93$145,343,710$15,214,979$6,648,665$116,466,194
94$159,995,199$15,786,944$6,697,825$127,921,343
95$176,135,673$16,381,467$6,743,166$140,530,827
96$193,916,835$16,999,483$6,784,385$154,411,901
97$213,505,858$17,641,964$6,821,168$169,693,762
98$235,086,961$18,309,926$6,853,183$186,518,764
99$258,863,147$19,004,428$6,880,081$205,043,765
100$285,058,120$19,726,577$6,901,495$225,441,602