Can I retire at age 54 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$255,995$253,715$251,490$249,319$247,198$240,345
2 years$126,730$124,370$122,083$119,865$117,714$110,860
3 years$83,648$81,277$78,996$76,799$74,682$68,044
4 years$62,110$59,747$57,489$55,329$53,264$46,891
5 years$49,192$46,843$44,613$42,498$40,490$34,400
6 years$40,582$38,251$36,054$33,986$32,039$26,237
7 years$34,434$32,123$29,961$27,942$26,056$20,543
8 years$29,826$27,535$25,410$23,440$21,616$16,389
9 years$26,243$23,974$21,885$19,965$18,204$13,258
10 years$23,379$21,132$19,080$17,210$15,511$10,839
11 years$21,037$18,813$16,798$14,978$13,340$8,935
12 years$19,087$16,885$14,908$13,138$11,560$7,414
13 years$17,438$15,259$13,319$11,599$10,080$6,184
14 years$16,026$13,870$11,967$10,296$8,836$5,180
15 years$14,803$12,671$10,805$9,182$7,780$4,355
16 years$13,734$11,625$9,796$8,222$6,876$3,672
17 years$12,792$10,706$8,914$7,387$6,097$3,103
18 years$11,956$9,893$8,137$6,657$5,421$2,628
19 years$11,208$9,169$7,449$6,015$4,832$2,229
20 years$10,536$8,520$6,837$5,448$4,316$1,893
21 years$9,929$7,936$6,288$4,945$3,862$1,610
22 years$9,377$7,408$5,796$4,496$3,462$1,371
23 years$8,875$6,929$5,351$4,094$3,108$1,168
24 years$8,415$6,492$4,949$3,734$2,793$996
25 years$7,992$6,092$4,584$3,410$2,514$849
26 years$7,603$5,726$4,251$3,118$2,264$725
27 years$7,243$5,389$3,948$2,854$2,041$619
28 years$6,909$5,078$3,670$2,615$1,842$529
29 years$6,599$4,790$3,415$2,398$1,663$452
30 years$6,310$4,524$3,181$2,201$1,503$386
31 years$6,041$4,276$2,966$2,021$1,359$330
32 years$5,788$4,046$2,767$1,858$1,229$282
33 years$5,552$3,832$2,584$1,708$1,112$242
34 years$5,329$3,632$2,414$1,572$1,007$207
35 years$5,120$3,445$2,257$1,447$912$177
36 years$4,924$3,270$2,111$1,333$826$151
37 years$4,738$3,105$1,976$1,228$749$129
38 years$4,562$2,951$1,850$1,132$679$111
39 years$4,396$2,806$1,734$1,043$616$95
40 years$4,238$2,670$1,625$962$559$81
41 years$4,089$2,542$1,524$888$507$69
42 years$3,947$2,420$1,429$819$460$59
43 years$3,812$2,306$1,341$756$417$51
44 years$3,683$2,198$1,259$698$379$44
45 years$3,561$2,096$1,182$645$344$37
46 years$3,444$2,000$1,110$596$312$32
47 years$3,333$1,908$1,043$550$283$27
48 years$3,226$1,822$980$509$257$23
49 years$3,124$1,740$921$470$234$20
50 years$3,027$1,662$866$435$212$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,100,000, adding $6,821 every year, while hoping to spend $48,442 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: 67/9/24 Blend
53$3,100,000$3,100,000$3,100,000$3,100,000
54$3,423,236$3,258,936$3,210,886$3,631,048
55$3,720,864$3,367,082$3,266,909$3,879,637
56$4,047,227$3,478,903$3,323,185$4,145,251
57$4,405,204$3,594,529$3,379,671$4,434,622
58$4,797,967$3,714,094$3,436,322$4,750,094
59$5,229,010$3,837,735$3,493,090$5,094,248
60$5,702,181$3,965,596$3,549,921$5,469,925
61$6,221,720$4,097,827$3,606,759$5,880,257
62$6,792,297$4,234,581$3,663,547$6,328,691
63$7,419,054$4,376,020$3,720,219$6,819,025
64$8,107,661$4,522,307$3,776,710$7,355,441
65$8,864,359$4,673,617$3,832,946$7,942,549
66$9,696,026$4,830,127$3,888,852$8,585,424
67$10,610,240$4,992,022$3,944,348$9,289,659
68$11,615,348$5,159,495$3,999,347$10,061,414
69$12,720,547$5,332,743$4,053,759$10,907,475
70$13,935,970$5,511,975$4,107,487$11,835,321
71$15,272,781$5,697,404$4,160,429$12,853,189
72$16,743,280$5,889,252$4,212,479$13,970,156
73$18,361,019$6,087,750$4,263,522$15,196,220
74$20,140,930$6,293,137$4,313,437$16,542,400
75$22,099,465$6,505,661$4,362,097$18,020,836
76$24,254,752$6,725,579$4,409,369$19,644,902
77$26,626,764$6,953,160$4,455,110$21,429,336
78$29,237,509$7,188,680$4,499,172$23,390,378
79$32,111,237$7,432,427$4,541,396$25,545,919
80$35,274,667$7,684,701$4,581,617$27,915,676
81$38,757,242$7,945,810$4,619,660$30,521,373
82$42,591,403$8,216,077$4,655,341$33,386,947
83$46,812,897$8,495,836$4,688,466$36,538,777
84$51,461,115$8,785,435$4,718,832$40,005,928
85$56,579,461$9,085,232$4,746,225$43,820,428
86$62,215,760$9,395,604$4,770,418$48,017,569
87$68,422,716$9,716,937$4,791,175$52,636,242
88$75,258,402$10,049,635$4,808,248$57,719,300
89$82,786,809$10,394,117$4,821,374$63,313,968
90$91,078,453$10,750,818$4,830,280$69,472,282
91$100,211,038$11,120,191$4,834,677$76,251,586
92$110,270,188$11,502,704$4,834,263$83,715,070
93$121,350,256$11,898,846$4,828,720$91,932,365
94$133,555,215$12,309,122$4,817,715$100,980,206
95$146,999,638$12,734,060$4,800,899$110,943,148
96$161,809,779$13,174,207$4,777,907$121,914,372
97$178,124,763$13,630,130$4,748,353$133,996,558
98$196,097,903$14,102,420$4,711,837$147,302,861
99$215,898,142$14,591,692$4,667,937$161,957,970
100$237,711,651$15,098,583$4,616,211$178,099,295