Can I retire at age 54 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$305,543$302,821$300,166$297,574$295,043$292,938
2 years$151,259$148,442$145,711$143,064$140,497$138,374
3 years$99,837$97,008$94,285$91,663$89,137$87,063
4 years$74,132$71,311$68,615$66,038$63,573$61,563
5 years$58,713$55,909$53,248$50,723$48,327$46,387
6 years$48,436$45,654$43,033$40,564$38,240$36,372
7 years$41,099$38,340$35,760$33,350$31,099$29,305
8 years$35,599$32,864$30,328$27,976$25,800$24,079
9 years$31,323$28,614$26,121$23,830$21,727$20,079
10 years$27,904$25,222$22,773$20,541$18,513$16,937
11 years$25,109$22,454$20,049$17,877$15,921$14,416
12 years$22,781$20,153$17,793$15,681$13,797$12,362
13 years$20,813$18,213$15,897$13,844$12,031$10,664
14 years$19,128$16,555$14,283$12,289$10,547$9,246
15 years$17,668$15,123$12,896$10,960$9,286$8,050
16 years$16,392$13,875$11,692$9,813$8,207$7,034
17 years$15,268$12,779$10,639$8,817$7,277$6,164
18 years$14,269$11,808$9,712$7,946$6,470$5,417
19 years$13,377$10,944$8,891$7,180$5,767$4,770
20 years$12,575$10,169$8,160$6,503$5,151$4,209
21 years$11,850$9,472$7,506$5,902$4,610$3,721
22 years$11,192$8,842$6,917$5,366$4,132$3,293
23 years$10,593$8,270$6,387$4,887$3,709$2,919
24 years$10,044$7,748$5,907$4,457$3,334$2,590
25 years$9,539$7,271$5,471$4,070$3,000$2,301
26 years$9,074$6,834$5,074$3,722$2,702$2,045
27 years$8,645$6,431$4,712$3,407$2,436$1,820
28 years$8,246$6,060$4,380$3,121$2,198$1,620
29 years$7,876$5,717$4,076$2,862$1,985$1,443
30 years$7,532$5,399$3,797$2,627$1,794$1,286
31 years$7,210$5,104$3,540$2,413$1,622$1,147
32 years$6,909$4,830$3,303$2,217$1,467$1,023
33 years$6,626$4,574$3,084$2,039$1,328$913
34 years$6,361$4,335$2,881$1,876$1,202$815
35 years$6,112$4,111$2,694$1,727$1,089$728
36 years$5,876$3,902$2,520$1,590$986$650
37 years$5,655$3,706$2,359$1,465$894$581
38 years$5,445$3,522$2,209$1,351$810$519
39 years$5,247$3,349$2,069$1,245$735$464
40 years$5,058$3,187$1,940$1,149$667$415
41 years$4,880$3,033$1,819$1,060$605$371
42 years$4,711$2,889$1,706$978$549$332
43 years$4,550$2,753$1,601$903$498$297
44 years$4,396$2,624$1,503$834$452$265
45 years$4,250$2,502$1,411$770$410$237
46 years$4,111$2,387$1,325$711$373$212
47 years$3,978$2,278$1,245$657$338$190
48 years$3,850$2,174$1,170$607$307$170
49 years$3,729$2,076$1,100$561$279$152
50 years$3,612$1,984$1,034$519$253$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,700,000, adding $6,698 every year, while hoping to spend $42,547 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: 48/45/7 Blend
53$3,700,000$3,700,000$3,700,000$3,700,000
54$4,084,309$3,888,209$3,830,859$4,272,502
55$4,455,639$4,033,462$3,913,923$4,547,324
56$4,863,418$4,184,405$3,998,344$4,840,488
57$5,311,320$4,341,275$4,084,122$5,157,774
58$5,803,391$4,504,313$4,171,256$5,501,437
59$6,344,088$4,673,776$4,259,744$5,873,955
60$6,938,322$4,849,928$4,349,582$6,278,052
61$7,591,503$5,033,046$4,440,765$6,716,717
62$8,309,590$5,223,419$4,533,285$7,193,242
63$9,099,150$5,421,349$4,627,132$7,711,240
64$9,967,418$5,627,149$4,722,295$8,274,686
65$10,922,364$5,841,149$4,818,762$8,887,950
66$11,972,770$6,063,691$4,916,515$9,555,838
67$13,128,312$6,295,131$5,015,538$10,283,635
68$14,399,650$6,535,842$5,115,809$11,077,156
69$15,798,531$6,786,215$5,217,304$11,942,796
70$17,337,896$7,046,654$5,319,999$12,887,589
71$19,032,005$7,317,584$5,423,863$13,919,279
72$20,896,572$7,599,448$5,528,864$15,046,382
73$22,948,908$7,892,707$5,634,967$16,278,272
74$25,208,090$8,197,843$5,742,133$17,625,264
75$27,695,139$8,515,361$5,850,317$19,098,713
76$30,433,215$8,845,785$5,959,475$20,711,114
77$33,447,839$9,189,665$6,069,554$22,476,222
78$36,767,134$9,547,574$6,180,499$24,409,181
79$40,422,087$9,920,111$6,292,251$26,526,659
80$44,446,844$10,307,900$6,404,745$28,847,008
81$48,879,029$10,711,594$6,517,911$31,390,435
82$53,760,103$11,131,875$6,631,674$34,179,186
83$59,135,752$11,569,456$6,745,954$37,237,759
84$65,056,319$12,025,080$6,860,664$40,593,127
85$71,577,279$12,499,524$6,975,711$44,274,996
86$78,759,761$12,993,600$7,090,997$48,316,076
87$86,671,127$13,508,156$7,206,416$52,752,391
88$95,385,604$14,044,078$7,321,853$57,623,617
89$104,984,990$14,602,293$7,437,190$62,973,449
90$115,559,421$15,183,766$7,552,297$68,850,011
91$127,208,221$15,789,510$7,667,038$75,306,312
92$140,040,843$16,420,580$7,781,267$82,400,736
93$154,177,900$17,078,079$7,894,831$90,197,592
94$169,752,303$17,763,163$8,007,565$98,767,718
95$186,910,516$18,477,035$8,119,296$108,189,143
96$205,813,935$19,220,957$8,229,840$118,547,823
97$226,640,418$19,996,245$8,339,001$129,938,445
98$249,585,956$20,804,277$8,446,573$142,465,315
99$274,866,528$21,646,490$8,552,337$156,243,341
100$302,720,136$22,524,391$8,656,063$171,399,112