Can I retire at age 54 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$289,027$286,452$283,940$281,489$279,095$271,030
2 years$143,083$140,418$137,835$135,331$132,902$124,841
3 years$94,441$91,765$89,188$86,708$84,319$76,514
4 years$70,125$67,457$64,906$62,468$60,137$52,648
5 years$55,539$52,887$50,370$47,982$45,715$38,563
6 years$45,818$43,186$40,706$38,371$36,173$29,364
7 years$38,878$36,268$33,827$31,547$29,418$22,952
8 years$33,674$31,088$28,688$26,464$24,405$18,279
9 years$29,630$27,068$24,709$22,542$20,553$14,759
10 years$26,396$23,859$21,542$19,431$17,512$12,044
11 years$23,752$21,240$18,965$16,911$15,061$9,909
12 years$21,550$19,064$16,831$14,833$13,051$8,206
13 years$19,688$17,228$15,038$13,095$11,381$6,831
14 years$18,094$15,660$13,511$11,625$9,977$5,711
15 years$16,713$14,306$12,199$10,367$8,784$4,790
16 years$15,506$13,125$11,060$9,283$7,763$4,030
17 years$14,443$12,088$10,064$8,340$6,884$3,398
18 years$13,498$11,170$9,187$7,516$6,121$2,871
19 years$12,654$10,352$8,411$6,792$5,455$2,430
20 years$11,895$9,620$7,719$6,151$4,873$2,059
21 years$11,210$8,960$7,100$5,583$4,361$1,747
22 years$10,587$8,364$6,544$5,076$3,909$1,484
23 years$10,020$7,823$6,042$4,623$3,509$1,261
24 years$9,501$7,329$5,588$4,216$3,154$1,073
25 years$9,024$6,878$5,175$3,850$2,838$913
26 years$8,584$6,464$4,800$3,521$2,556$778
27 years$8,177$6,084$4,457$3,223$2,305$662
28 years$7,801$5,733$4,143$2,953$2,080$565
29 years$7,451$5,408$3,856$2,708$1,878$481
30 years$7,124$5,107$3,592$2,485$1,697$410
31 years$6,820$4,828$3,348$2,282$1,534$350
32 years$6,535$4,569$3,124$2,097$1,388$299
33 years$6,268$4,326$2,917$1,929$1,256$255
34 years$6,017$4,100$2,725$1,775$1,137$217
35 years$5,781$3,889$2,548$1,634$1,030$185
36 years$5,559$3,691$2,384$1,504$933$158
37 years$5,349$3,506$2,231$1,386$846$135
38 years$5,151$3,332$2,089$1,278$767$115
39 years$4,963$3,168$1,957$1,178$695$98
40 years$4,785$3,014$1,835$1,087$631$84
41 years$4,616$2,869$1,720$1,003$572$72
42 years$4,456$2,733$1,614$925$519$61
43 years$4,304$2,604$1,514$854$471$52
44 years$4,158$2,482$1,421$789$428$45
45 years$4,020$2,367$1,335$728$388$38
46 years$3,888$2,258$1,254$673$352$33
47 years$3,763$2,155$1,178$622$320$28
48 years$3,642$2,057$1,107$574$291$24
49 years$3,527$1,964$1,040$531$264$20
50 years$3,417$1,876$978$491$240$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,500,000, adding $6,983 every year, while hoping to spend $38,757 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: 73/15/12 Blend
53$3,500,000$3,500,000$3,500,000$3,500,000
54$3,864,203$3,678,703$3,624,453$4,136,327
55$4,217,115$3,817,722$3,704,635$4,456,207
56$4,604,724$3,962,255$3,786,204$4,800,993
57$5,030,530$4,112,529$3,869,166$5,177,586
58$5,498,386$4,268,785$3,953,525$5,589,125
59$6,012,538$4,431,272$4,039,284$6,039,065
60$6,577,662$4,600,250$4,126,446$6,531,210
61$7,198,912$4,775,991$4,215,011$7,069,748
62$7,881,966$4,958,778$4,304,978$7,659,291
63$8,633,077$5,148,909$4,396,345$8,304,916
64$9,459,136$5,346,691$4,489,108$9,012,217
65$10,367,736$5,552,447$4,583,262$9,787,349
66$11,367,242$5,766,514$4,678,798$10,637,096
67$12,466,871$5,989,243$4,775,708$11,568,925
68$13,676,777$6,221,001$4,873,979$12,591,063
69$15,008,150$6,462,172$4,973,599$13,712,568
70$16,473,317$6,713,154$5,074,550$14,943,421
71$18,085,863$6,974,366$5,176,815$16,294,612
72$19,860,755$7,246,245$5,280,373$17,778,248
73$21,814,485$7,529,244$5,385,198$19,407,665
74$23,965,226$7,823,840$5,491,266$21,197,554
75$26,333,000$8,130,530$5,598,545$23,164,097
76$28,939,873$8,449,832$5,707,002$25,325,122
77$31,810,154$8,782,288$5,816,601$27,700,267
78$34,970,635$9,128,465$5,927,302$30,311,168
79$38,450,834$9,488,954$6,039,061$33,181,659
80$42,283,278$9,864,372$6,151,829$36,338,000
81$46,503,812$10,255,365$6,265,554$39,809,119
82$51,151,930$10,662,608$6,380,180$43,626,890
83$56,271,156$11,086,804$6,495,645$47,826,427
84$61,909,446$11,528,691$6,611,882$52,446,419
85$68,119,650$11,989,037$6,728,820$57,529,491
86$74,960,001$12,468,646$6,846,382$63,122,609
87$82,494,670$12,968,358$6,964,484$69,277,517
88$90,794,371$13,489,052$7,083,039$76,051,230
89$99,937,026$14,031,646$7,201,951$83,506,565
90$110,008,504$14,597,097$7,321,117$91,712,739
91$121,103,426$15,186,410$7,440,430$100,746,016
92$133,326,063$15,800,632$7,559,772$110,690,428
93$146,791,317$16,440,859$7,679,019$121,638,566
94$161,625,806$17,108,235$7,798,041$133,692,454
95$177,969,058$17,803,959$7,916,696$146,964,508
96$195,974,831$18,529,282$8,034,834$161,578,599
97$215,812,560$19,285,513$8,152,297$177,671,216
98$237,668,959$20,074,020$8,268,917$195,392,760
99$261,749,781$20,896,236$8,384,514$214,908,953
100$288,281,763$21,753,655$8,498,899$236,402,408