Can I retire at age 54 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$305,543$302,821$300,166$297,574$295,043$290,874
2 years$151,259$148,442$145,711$143,064$140,497$136,305
3 years$99,837$97,008$94,285$91,663$89,137$85,052
4 years$74,132$71,311$68,615$66,038$63,573$59,627
5 years$58,713$55,909$53,248$50,723$48,327$44,531
6 years$48,436$45,654$43,033$40,564$38,240$34,598
7 years$41,099$38,340$35,760$33,350$31,099$27,614
8 years$35,599$32,864$30,328$27,976$25,800$22,470
9 years$31,323$28,614$26,121$23,830$21,727$18,551
10 years$27,904$25,222$22,773$20,541$18,513$15,488
11 years$25,109$22,454$20,049$17,877$15,921$13,045
12 years$22,781$20,153$17,793$15,681$13,797$11,066
13 years$20,813$18,213$15,897$13,844$12,031$9,442
14 years$19,128$16,555$14,283$12,289$10,547$8,094
15 years$17,668$15,123$12,896$10,960$9,286$6,967
16 years$16,392$13,875$11,692$9,813$8,207$6,016
17 years$15,268$12,779$10,639$8,817$7,277$5,210
18 years$14,269$11,808$9,712$7,946$6,470$4,523
19 years$13,377$10,944$8,891$7,180$5,767$3,935
20 years$12,575$10,169$8,160$6,503$5,151$3,429
21 years$11,850$9,472$7,506$5,902$4,610$2,993
22 years$11,192$8,842$6,917$5,366$4,132$2,615
23 years$10,593$8,270$6,387$4,887$3,709$2,288
24 years$10,044$7,748$5,907$4,457$3,334$2,004
25 years$9,539$7,271$5,471$4,070$3,000$1,756
26 years$9,074$6,834$5,074$3,722$2,702$1,541
27 years$8,645$6,431$4,712$3,407$2,436$1,352
28 years$8,246$6,060$4,380$3,121$2,198$1,188
29 years$7,876$5,717$4,076$2,862$1,985$1,044
30 years$7,532$5,399$3,797$2,627$1,794$917
31 years$7,210$5,104$3,540$2,413$1,622$807
32 years$6,909$4,830$3,303$2,217$1,467$710
33 years$6,626$4,574$3,084$2,039$1,328$624
34 years$6,361$4,335$2,881$1,876$1,202$550
35 years$6,112$4,111$2,694$1,727$1,089$484
36 years$5,876$3,902$2,520$1,590$986$426
37 years$5,655$3,706$2,359$1,465$894$375
38 years$5,445$3,522$2,209$1,351$810$331
39 years$5,247$3,349$2,069$1,245$735$291
40 years$5,058$3,187$1,940$1,149$667$257
41 years$4,880$3,033$1,819$1,060$605$226
42 years$4,711$2,889$1,706$978$549$199
43 years$4,550$2,753$1,601$903$498$176
44 years$4,396$2,624$1,503$834$452$155
45 years$4,250$2,502$1,411$770$410$136
46 years$4,111$2,387$1,325$711$373$120
47 years$3,978$2,278$1,245$657$338$106
48 years$3,850$2,174$1,170$607$307$93
49 years$3,729$2,076$1,100$561$279$82
50 years$3,612$1,984$1,034$519$253$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,700,000, adding $3,444 every year, while hoping to spend $45,357 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: 71/19/10 Blend
53$3,700,000$3,700,000$3,700,000$3,700,000
54$4,080,952$3,884,852$3,827,502$4,362,579
55$4,448,950$4,026,951$3,907,464$4,691,501
56$4,852,963$4,174,492$3,988,585$5,045,529
57$5,296,618$4,327,694$4,070,855$5,431,824
58$5,783,908$4,486,786$4,154,263$5,853,556
59$6,319,233$4,652,005$4,238,797$6,314,213
60$6,907,440$4,823,598$4,324,442$6,817,636
61$7,553,869$5,001,825$4,411,182$7,368,053
62$8,264,403$5,186,954$4,498,995$7,970,119
63$9,045,523$5,379,265$4,587,862$8,628,957
64$9,904,368$5,579,051$4,677,758$9,350,210
65$10,848,806$5,786,617$4,768,655$10,140,093
66$11,887,504$6,002,281$4,860,525$11,005,446
67$13,030,011$6,226,374$4,953,334$11,953,804
68$14,286,848$6,459,242$5,047,046$12,993,464
69$15,669,607$6,701,246$5,141,623$14,133,564
70$17,191,061$6,952,761$5,237,021$15,384,169
71$18,865,282$7,214,179$5,333,195$16,756,362
72$20,707,777$7,485,911$5,430,093$18,262,353
73$22,735,632$7,768,381$5,527,662$19,915,588
74$24,967,670$8,062,036$5,625,843$21,730,881
75$27,424,636$8,367,340$5,724,573$23,724,548
76$30,129,387$8,684,777$5,823,783$25,914,561
77$33,107,105$9,014,852$5,923,401$28,320,718
78$36,385,544$9,358,094$6,023,349$30,964,831
79$39,995,281$9,715,052$6,123,543$33,870,926
80$43,970,011$10,086,301$6,223,893$37,065,471
81$48,346,863$10,472,440$6,324,304$40,577,628
82$53,166,749$10,874,096$6,424,674$44,439,520
83$58,474,751$11,291,920$6,524,894$48,686,540
84$64,320,547$11,726,595$6,624,849$53,357,681
85$70,758,877$12,178,833$6,724,416$58,495,903
86$77,850,062$12,649,375$6,823,464$64,148,536
87$85,660,572$13,138,999$6,921,854$70,367,729
88$94,263,653$13,648,512$7,019,439$77,210,937
89$103,740,018$14,178,761$7,116,062$84,741,465
90$114,178,608$14,730,629$7,211,559$93,029,060
91$125,677,434$15,305,038$7,305,754$102,150,575
92$138,344,497$15,902,949$7,398,461$112,190,684
93$152,298,811$16,525,370$7,489,485$123,242,688
94$167,671,526$17,173,348$7,578,618$135,409,388
95$184,607,162$17,847,982$7,665,642$148,804,057
96$203,264,976$18,550,418$7,750,325$163,551,506
97$223,820,466$19,281,850$7,832,423$179,789,260
98$246,467,023$20,043,531$7,911,679$197,668,857
99$271,417,761$20,836,765$7,987,822$217,357,273
100$298,907,524$21,662,918$8,060,565$239,038,498