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%17.4%
1 years$305,543$302,821$300,166$297,574$295,043$286,172
2 years$151,259$148,442$145,711$143,064$140,497$131,634
3 years$99,837$97,008$94,285$91,663$89,137$80,560
4 years$74,132$71,311$68,615$66,038$63,573$55,348
5 years$58,713$55,909$53,248$50,723$48,327$40,477
6 years$48,436$45,654$43,033$40,564$38,240$30,771
7 years$41,099$38,340$35,760$33,350$31,099$24,011
8 years$35,599$32,864$30,328$27,976$25,800$19,088
9 years$31,323$28,614$26,121$23,830$21,727$15,385
10 years$27,904$25,222$22,773$20,541$18,513$12,531
11 years$25,109$22,454$20,049$17,877$15,921$10,290
12 years$22,781$20,153$17,793$15,681$13,797$8,504
13 years$20,813$18,213$15,897$13,844$12,031$7,065
14 years$19,128$16,555$14,283$12,289$10,547$5,894
15 years$17,668$15,123$12,896$10,960$9,286$4,934
16 years$16,392$13,875$11,692$9,813$8,207$4,142
17 years$15,268$12,779$10,639$8,817$7,277$3,485
18 years$14,269$11,808$9,712$7,946$6,470$2,938
19 years$13,377$10,944$8,891$7,180$5,767$2,481
20 years$12,575$10,169$8,160$6,503$5,151$2,098
21 years$11,850$9,472$7,506$5,902$4,610$1,776
22 years$11,192$8,842$6,917$5,366$4,132$1,505
23 years$10,593$8,270$6,387$4,887$3,709$1,276
24 years$10,044$7,748$5,907$4,457$3,334$1,083
25 years$9,539$7,271$5,471$4,070$3,000$919
26 years$9,074$6,834$5,074$3,722$2,702$781
27 years$8,645$6,431$4,712$3,407$2,436$664
28 years$8,246$6,060$4,380$3,121$2,198$564
29 years$7,876$5,717$4,076$2,862$1,985$480
30 years$7,532$5,399$3,797$2,627$1,794$408
31 years$7,210$5,104$3,540$2,413$1,622$347
32 years$6,909$4,830$3,303$2,217$1,467$295
33 years$6,626$4,574$3,084$2,039$1,328$251
34 years$6,361$4,335$2,881$1,876$1,202$214
35 years$6,112$4,111$2,694$1,727$1,089$182
36 years$5,876$3,902$2,520$1,590$986$155
37 years$5,655$3,706$2,359$1,465$894$132
38 years$5,445$3,522$2,209$1,351$810$112
39 years$5,247$3,349$2,069$1,245$735$96
40 years$5,058$3,187$1,940$1,149$667$82
41 years$4,880$3,033$1,819$1,060$605$69
42 years$4,711$2,889$1,706$978$549$59
43 years$4,550$2,753$1,601$903$498$50
44 years$4,396$2,624$1,503$834$452$43
45 years$4,250$2,502$1,411$770$410$37
46 years$4,111$2,387$1,325$711$373$31
47 years$3,978$2,278$1,245$657$338$26
48 years$3,850$2,174$1,170$607$307$23
49 years$3,729$2,076$1,100$561$279$19
50 years$3,612$1,984$1,034$519$253$16

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 $4,531 every year, while hoping to spend $41,415 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: 34/49/17 Blend
53$3,700,000$3,700,000$3,700,000$3,700,000
54$4,082,074$3,885,974$3,828,624$4,199,270
55$4,454,380$4,032,321$3,912,817$4,431,920
56$4,863,273$4,184,452$3,998,443$4,678,454
57$5,312,442$4,342,605$4,085,506$4,943,430
58$5,805,949$4,507,030$4,174,009$5,228,498
59$6,348,271$4,677,990$4,263,953$5,535,471
60$6,944,338$4,855,754$4,355,338$5,866,335
61$7,599,583$5,040,609$4,448,165$6,223,273
62$8,319,991$5,232,849$4,542,429$6,608,678
63$9,112,155$5,432,784$4,638,126$7,025,179
64$9,983,342$5,640,738$4,735,250$7,475,664
65$10,941,555$5,857,046$4,833,793$7,963,304
66$11,995,613$6,082,060$4,933,744$8,491,581
67$13,155,232$6,316,148$5,035,091$9,064,322
68$14,431,118$6,559,692$5,137,819$9,685,734
69$15,835,068$6,813,092$5,241,912$10,360,438
70$17,380,078$7,076,766$5,347,348$11,093,516
71$19,080,468$7,351,150$5,454,107$11,890,554
72$20,952,018$7,636,699$5,562,162$12,757,693
73$23,012,115$7,933,888$5,671,486$13,701,687
74$25,279,916$8,243,214$5,782,045$14,729,964
75$27,776,530$8,565,194$5,893,807$15,850,694
76$30,525,218$8,900,371$6,006,731$17,072,862
77$33,551,610$9,249,308$6,120,776$18,406,357
78$36,883,947$9,612,598$6,235,895$19,862,054
79$40,553,350$9,990,856$6,352,039$21,451,923
80$44,594,111$10,384,726$6,469,151$23,189,133
81$49,044,015$10,794,883$6,587,172$25,088,177
82$53,944,700$11,222,028$6,706,038$27,165,007
83$59,342,049$11,666,896$6,825,679$29,437,179
84$65,286,619$12,130,255$6,946,021$31,924,018
85$71,834,123$12,612,907$7,066,982$34,646,797
86$79,045,953$13,115,689$7,188,475$37,628,933
87$86,989,760$13,639,477$7,310,408$40,896,207
88$95,740,090$14,185,186$7,432,682$44,477,005
89$105,379,091$14,753,772$7,555,188$48,402,577
90$115,997,286$15,346,234$7,677,814$52,707,335
91$127,694,426$15,963,617$7,800,439$57,429,170
92$140,580,436$16,607,013$7,922,932$62,609,806
93$154,776,446$17,277,561$8,045,155$68,295,191
94$170,415,938$17,976,457$8,166,962$74,535,926
95$187,646,005$18,704,945$8,288,198$81,387,738
96$206,628,740$19,464,330$8,408,695$88,912,001
97$227,542,764$20,255,974$8,528,278$97,176,309
98$250,584,912$21,081,303$8,646,762$106,255,114
99$275,972,092$21,941,805$8,763,947$116,230,417
100$303,943,330$22,839,039$8,879,624$127,192,542