Can I retire at age 54 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$272,511$270,084$267,715$265,404$263,147$257,518
2 years$134,906$132,394$129,959$127,598$125,308$119,664
3 years$89,044$86,521$84,092$81,753$79,500$74,018
4 years$66,118$63,602$61,197$58,899$56,700$51,422
5 years$52,365$49,865$47,492$45,240$43,103$38,043
6 years$43,200$40,718$38,380$36,179$34,106$29,270
7 years$36,656$34,195$31,894$29,744$27,737$23,126
8 years$31,750$29,312$27,049$24,952$23,011$18,623
9 years$27,937$25,521$23,297$21,253$19,378$15,211
10 years$24,887$22,496$20,311$18,321$16,511$12,560
11 years$22,394$20,026$17,881$15,944$14,200$10,460
12 years$20,318$17,975$15,869$13,985$12,306$8,771
13 years$18,563$16,244$14,178$12,347$10,731$7,395
14 years$17,060$14,765$12,739$10,960$9,406$6,263
15 years$15,758$13,488$11,502$9,775$8,282$5,324
16 years$14,620$12,375$10,428$8,752$7,320$4,540
17 years$13,617$11,397$9,489$7,864$6,490$3,882
18 years$12,727$10,531$8,662$7,087$5,771$3,326
19 years$11,931$9,760$7,930$6,404$5,144$2,855
20 years$11,216$9,070$7,278$5,800$4,594$2,455
21 years$10,569$8,448$6,694$5,264$4,112$2,113
22 years$9,982$7,886$6,170$4,786$3,685$1,822
23 years$9,447$7,376$5,697$4,359$3,308$1,572
24 years$8,958$6,911$5,268$3,975$2,973$1,357
25 years$8,508$6,485$4,880$3,630$2,676$1,173
26 years$8,093$6,095$4,526$3,319$2,410$1,014
27 years$7,710$5,736$4,202$3,038$2,173$877
28 years$7,355$5,405$3,907$2,784$1,961$759
29 years$7,025$5,099$3,635$2,553$1,770$657
30 years$6,717$4,816$3,386$2,343$1,600$569
31 years$6,430$4,552$3,157$2,152$1,446$493
32 years$6,162$4,307$2,945$1,977$1,308$427
33 years$5,910$4,079$2,750$1,818$1,184$371
34 years$5,673$3,866$2,570$1,673$1,072$321
35 years$5,451$3,667$2,402$1,540$971$279
36 years$5,241$3,481$2,247$1,418$880$242
37 years$5,043$3,306$2,104$1,307$797$210
38 years$4,856$3,142$1,970$1,205$723$182
39 years$4,679$2,987$1,846$1,111$655$158
40 years$4,512$2,842$1,730$1,025$595$137
41 years$4,353$2,706$1,622$945$539$119
42 years$4,201$2,577$1,522$872$489$103
43 years$4,058$2,455$1,428$805$444$89
44 years$3,921$2,340$1,340$744$403$78
45 years$3,791$2,232$1,258$687$366$67
46 years$3,666$2,129$1,182$634$332$58
47 years$3,548$2,032$1,110$586$302$51
48 years$3,434$1,939$1,043$541$274$44
49 years$3,326$1,852$981$500$249$38
50 years$3,222$1,769$922$463$226$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,300,000, adding $5,725 every year, while hoping to spend $44,977 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: 47/37/16 Blend
53$3,300,000$3,300,000$3,300,000$3,300,000
54$3,642,505$3,467,605$3,416,455$3,797,004
55$3,966,186$3,589,663$3,483,051$4,026,878
56$4,321,374$3,716,194$3,550,371$4,271,194
57$4,711,237$3,847,370$3,618,391$4,535,392
58$5,139,261$3,983,369$3,687,086$4,821,342
59$5,609,290$4,124,379$3,756,427$5,131,103
60$6,125,555$4,270,591$3,826,385$5,466,937
61$6,692,719$4,422,207$3,896,926$5,831,331
62$7,315,918$4,579,437$3,968,015$6,227,021
63$8,000,810$4,742,498$4,039,612$6,657,016
64$8,753,630$4,911,617$4,111,675$7,124,626
65$9,581,244$5,087,030$4,184,161$7,633,492
66$10,491,219$5,268,983$4,257,018$8,187,621
67$11,491,891$5,457,731$4,330,196$8,791,420
68$12,592,445$5,653,540$4,403,639$9,449,741
69$13,802,999$5,856,689$4,477,286$10,167,923
70$15,134,703$6,067,464$4,551,072$10,951,842
71$16,599,840$6,286,167$4,624,931$11,807,965
72$18,211,946$6,513,111$4,698,787$12,743,412
73$19,985,932$6,748,621$4,772,564$13,766,021
74$21,938,230$6,993,037$4,846,178$14,884,420
75$24,086,945$7,246,711$4,919,541$16,108,109
76$26,452,026$7,510,012$4,992,558$17,447,549
77$29,055,454$7,783,324$5,065,130$18,914,256
78$31,921,449$8,067,046$5,137,151$20,520,913
79$35,076,699$8,361,594$5,208,508$22,281,486
80$38,550,612$8,667,402$5,279,083$24,211,354
81$42,375,591$8,984,921$5,348,748$26,327,456
82$46,587,341$9,314,622$5,417,371$28,648,445
83$51,225,207$9,656,996$5,484,810$31,194,868
84$56,332,543$10,012,553$5,550,917$33,989,352
85$61,957,122$10,381,828$5,615,532$37,056,822
86$68,151,586$10,765,375$5,678,489$40,424,733
87$74,973,942$11,163,773$5,739,613$44,123,323
88$82,488,112$11,577,625$5,798,718$48,185,905
89$90,764,532$12,007,562$5,855,608$52,649,172
90$99,880,820$12,454,238$5,910,077$57,553,547
91$109,922,506$12,918,338$5,961,907$62,943,558
92$120,983,841$13,400,575$6,010,869$68,868,262
93$133,168,682$13,901,693$6,056,723$75,381,699
94$146,591,478$14,422,467$6,099,214$82,543,406
95$161,378,347$14,963,706$6,138,075$90,418,975
96$177,668,264$15,526,253$6,173,027$99,080,668
97$195,614,377$16,110,989$6,203,773$108,608,100
98$215,385,448$16,718,832$6,230,004$119,088,984
99$237,167,447$17,350,739$6,251,393$130,619,960
100$261,165,310$18,007,708$6,267,598$143,307,504