Can I retire at age 54 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$322,058$319,190$316,391$313,659$310,991$304,712
2 years$159,435$156,466$153,588$150,798$148,091$141,793
3 years$105,234$102,252$99,381$96,617$93,955$87,834
4 years$78,139$75,166$72,324$69,607$67,010$61,112
5 years$61,886$58,931$56,127$53,465$50,940$45,283
6 years$51,055$48,122$45,359$42,757$40,307$34,897
7 years$43,321$40,412$37,693$35,153$32,780$27,619
8 years$37,523$34,641$31,967$29,489$27,194$22,280
9 years$33,016$30,161$27,533$25,118$22,902$18,231
10 years$29,412$26,586$24,004$21,652$19,513$15,081
11 years$26,466$23,668$21,133$18,843$16,782$12,583
12 years$24,013$21,243$18,755$16,528$14,543$10,572
13 years$21,938$19,197$16,756$14,592$12,682$8,931
14 years$20,161$17,450$15,055$12,953$11,117$7,580
15 years$18,623$15,941$13,593$11,552$9,788$6,457
16 years$17,278$14,625$12,324$10,343$8,651$5,518
17 years$16,093$13,469$11,214$9,294$7,670$4,728
18 years$15,041$12,446$10,237$8,375$6,820$4,060
19 years$14,100$11,535$9,372$7,568$6,079$3,493
20 years$13,255$10,719$8,601$6,854$5,430$3,010
21 years$12,491$9,984$7,911$6,221$4,859$2,597
22 years$11,797$9,320$7,291$5,656$4,355$2,244
23 years$11,165$8,717$6,732$5,151$3,910$1,940
24 years$10,586$8,167$6,226$4,698$3,514$1,679
25 years$10,055$7,664$5,767$4,290$3,162$1,455
26 years$9,565$7,203$5,348$3,923$2,848$1,261
27 years$9,112$6,779$4,966$3,591$2,568$1,093
28 years$8,692$6,388$4,617$3,290$2,317$949
29 years$8,302$6,026$4,296$3,017$2,092$823
30 years$7,939$5,691$4,002$2,769$1,891$715
31 years$7,599$5,380$3,731$2,543$1,709$621
32 years$7,282$5,091$3,481$2,337$1,546$539
33 years$6,984$4,821$3,250$2,149$1,399$469
34 years$6,705$4,569$3,037$1,977$1,267$407
35 years$6,442$4,334$2,839$1,820$1,147$354
36 years$6,194$4,113$2,656$1,676$1,040$308
37 years$5,960$3,907$2,486$1,545$942$268
38 years$5,739$3,713$2,328$1,424$854$233
39 years$5,530$3,531$2,181$1,313$775$203
40 years$5,332$3,359$2,044$1,211$703$176
41 years$5,144$3,197$1,917$1,117$637$153
42 years$4,965$3,045$1,798$1,031$578$133
43 years$4,795$2,901$1,687$952$525$116
44 years$4,634$2,766$1,584$879$477$101
45 years$4,480$2,637$1,487$812$433$88
46 years$4,333$2,516$1,397$750$393$76
47 years$4,193$2,401$1,312$693$357$66
48 years$4,059$2,292$1,233$640$324$58
49 years$3,930$2,189$1,159$591$294$50
50 years$3,808$2,091$1,090$547$267$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,900,000, adding $2,196 every year, while hoping to spend $48,610 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: 34/48/18 Blend
53$3,900,000$3,900,000$3,900,000$3,900,000
54$4,300,065$4,093,365$4,032,915$4,422,337
55$4,686,951$4,242,219$4,116,297$4,661,226
56$5,111,670$4,396,738$4,200,843$4,913,996
57$5,578,030$4,557,148$4,286,541$5,185,551
58$6,090,226$4,723,684$4,373,376$5,477,580
59$6,652,877$4,896,593$4,461,333$5,791,935
60$7,271,074$5,076,130$4,550,391$6,130,647
61$7,950,425$5,262,562$4,640,530$6,495,949
62$8,697,107$5,456,166$4,731,727$6,890,291
63$9,517,926$5,657,233$4,823,954$7,316,364
64$10,420,381$5,866,064$4,917,183$7,777,124
65$11,412,733$6,082,973$5,011,382$8,275,819
66$12,504,083$6,308,290$5,106,514$8,816,018
67$13,704,459$6,542,356$5,202,542$9,401,643
68$15,024,910$6,785,528$5,299,423$10,037,005
69$16,477,608$7,038,176$5,397,112$10,726,846
70$18,075,967$7,300,689$5,495,557$11,476,375
71$19,834,764$7,573,472$5,594,707$12,291,323
72$21,770,282$7,856,944$5,694,502$13,177,994
73$23,900,463$8,151,546$5,794,880$14,143,319
74$26,245,075$8,457,737$5,895,773$15,194,924
75$28,825,901$8,775,994$5,997,110$16,341,196
76$31,666,941$9,106,816$6,098,812$17,591,367
77$34,794,643$9,450,724$6,200,795$18,955,592
78$38,238,147$9,808,260$6,302,972$20,445,045
79$42,029,563$10,179,990$6,405,248$22,072,027
80$46,204,275$10,566,506$6,507,520$23,850,072
81$50,801,269$10,968,423$6,609,680$25,794,079
82$55,863,508$11,386,386$6,711,614$27,920,449
83$61,438,332$11,821,064$6,813,198$30,247,232
84$67,577,905$12,273,159$6,914,304$32,794,304
85$74,339,709$12,743,402$7,014,791$35,583,545
86$81,787,087$13,232,556$7,114,514$38,639,044
87$89,989,836$13,741,418$7,213,316$41,987,326
88$99,024,870$14,270,818$7,311,033$45,657,597
89$108,976,944$14,821,625$7,407,490$49,682,017
90$119,939,453$15,394,745$7,502,501$54,096,003
91$132,015,313$15,991,124$7,595,872$58,938,555
92$145,317,936$16,611,750$7,687,394$64,252,624
93$159,972,294$17,257,654$7,776,850$70,085,516
94$176,116,102$17,929,913$7,864,008$76,489,328
95$193,901,117$18,629,652$7,948,625$83,521,442
96$213,494,571$19,358,044$8,030,444$91,245,060
97$235,080,746$20,116,318$8,109,193$99,729,797
98$258,862,718$20,905,753$8,184,587$109,052,333
99$285,064,269$21,727,689$8,256,324$119,297,133
100$313,932,000$22,583,522$8,324,088$130,557,240