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%17.5%
1 years$322,058$319,190$316,391$313,659$310,991$301,520
2 years$159,435$156,466$153,588$150,798$148,091$138,630
3 years$105,234$102,252$99,381$96,617$93,955$84,801
4 years$78,139$75,166$72,324$69,607$67,010$58,232
5 years$61,886$58,931$56,127$53,465$50,940$42,564
6 years$51,055$48,122$45,359$42,757$40,307$32,339
7 years$43,321$40,412$37,693$35,153$32,780$25,221
8 years$37,523$34,641$31,967$29,489$27,194$20,038
9 years$33,016$30,161$27,533$25,118$22,902$16,141
10 years$29,412$26,586$24,004$21,652$19,513$13,138
11 years$26,466$23,668$21,133$18,843$16,782$10,782
12 years$24,013$21,243$18,755$16,528$14,543$8,905
13 years$21,938$19,197$16,756$14,592$12,682$7,393
14 years$20,161$17,450$15,055$12,953$11,117$6,163
15 years$18,623$15,941$13,593$11,552$9,788$5,156
16 years$17,278$14,625$12,324$10,343$8,651$4,325
17 years$16,093$13,469$11,214$9,294$7,670$3,636
18 years$15,041$12,446$10,237$8,375$6,820$3,063
19 years$14,100$11,535$9,372$7,568$6,079$2,585
20 years$13,255$10,719$8,601$6,854$5,430$2,184
21 years$12,491$9,984$7,911$6,221$4,859$1,847
22 years$11,797$9,320$7,291$5,656$4,355$1,564
23 years$11,165$8,717$6,732$5,151$3,910$1,325
24 years$10,586$8,167$6,226$4,698$3,514$1,124
25 years$10,055$7,664$5,767$4,290$3,162$953
26 years$9,565$7,203$5,348$3,923$2,848$809
27 years$9,112$6,779$4,966$3,591$2,568$687
28 years$8,692$6,388$4,617$3,290$2,317$584
29 years$8,302$6,026$4,296$3,017$2,092$496
30 years$7,939$5,691$4,002$2,769$1,891$421
31 years$7,599$5,380$3,731$2,543$1,709$358
32 years$7,282$5,091$3,481$2,337$1,546$305
33 years$6,984$4,821$3,250$2,149$1,399$259
34 years$6,705$4,569$3,037$1,977$1,267$220
35 years$6,442$4,334$2,839$1,820$1,147$187
36 years$6,194$4,113$2,656$1,676$1,040$159
37 years$5,960$3,907$2,486$1,545$942$136
38 years$5,739$3,713$2,328$1,424$854$115
39 years$5,530$3,531$2,181$1,313$775$98
40 years$5,332$3,359$2,044$1,211$703$83
41 years$5,144$3,197$1,917$1,117$637$71
42 years$4,965$3,045$1,798$1,031$578$60
43 years$4,795$2,901$1,687$952$525$51
44 years$4,634$2,766$1,584$879$477$44
45 years$4,480$2,637$1,487$812$433$37
46 years$4,333$2,516$1,397$750$393$32
47 years$4,193$2,401$1,312$693$357$27
48 years$4,059$2,292$1,233$640$324$23
49 years$3,930$2,189$1,159$591$294$20
50 years$3,808$2,091$1,090$547$267$17

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 $3,110 every year, while hoping to spend $33,247 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: 39/37/24 Blend
53$3,900,000$3,900,000$3,900,000$3,900,000
54$4,301,008$4,094,308$4,033,858$4,437,958
55$4,704,336$4,259,555$4,133,618$4,702,726
56$5,147,690$4,431,784$4,235,605$4,985,488
57$5,635,116$4,611,303$4,339,860$5,290,586
58$6,171,074$4,798,433$4,446,421$5,620,071
59$6,760,476$4,993,509$4,555,329$5,976,193
60$7,408,737$5,196,883$4,666,625$6,361,427
61$8,121,818$5,408,921$4,780,347$6,778,487
62$8,906,292$5,630,006$4,896,537$7,230,356
63$9,769,398$5,860,540$5,015,235$7,720,312
64$10,719,112$6,100,943$5,136,481$8,251,956
65$11,764,224$6,351,652$5,260,316$8,829,245
66$12,914,418$6,613,126$5,386,779$9,456,529
67$14,180,365$6,885,845$5,515,912$10,138,592
68$15,573,821$7,170,310$5,647,755$10,880,690
69$17,107,743$7,467,047$5,782,346$11,688,605
70$18,796,404$7,776,604$5,919,726$12,568,695
71$20,655,534$8,099,554$6,059,934$13,527,953
72$22,702,465$8,436,499$6,203,008$14,574,070
73$24,956,295$8,788,066$6,348,988$15,715,509
74$27,438,069$9,154,913$6,497,910$16,961,577
75$30,170,975$9,537,727$6,649,813$18,322,517
76$33,180,565$9,937,226$6,804,733$19,809,599
77$36,494,996$10,354,164$6,962,705$21,435,226
78$40,145,295$10,789,326$7,123,764$23,213,045
79$44,165,650$11,243,538$7,287,945$25,158,080
80$48,593,735$11,717,661$7,455,281$27,286,865
81$53,471,066$12,212,596$7,625,802$29,617,599
82$58,843,389$12,729,288$7,799,541$32,170,318
83$64,761,114$13,268,722$7,976,525$34,967,078
84$71,279,792$13,831,934$8,156,783$38,032,160
85$78,460,635$14,420,004$8,340,340$41,392,301
86$86,371,100$15,034,063$8,527,221$45,076,936
87$95,085,517$15,675,298$8,717,448$49,118,477
88$104,685,799$16,344,947$8,911,042$53,552,614
89$115,262,209$17,044,307$9,108,020$58,418,649
90$126,914,214$17,774,738$9,308,398$63,759,863
91$139,751,424$18,537,660$9,512,190$69,623,918
92$153,894,626$19,334,563$9,719,405$76,063,307
93$169,476,925$20,167,003$9,930,052$83,135,843
94$186,644,997$21,036,612$10,144,134$90,905,198
95$205,560,477$21,945,096$10,361,653$99,441,503
96$226,401,483$22,894,244$10,582,607$108,822,002
97$249,364,298$23,885,925$10,806,988$119,131,780
98$274,665,221$24,922,100$11,034,786$130,464,555
99$302,542,610$26,004,819$11,265,987$142,923,560
100$333,259,130$27,136,229$11,500,572$156,622,515