Can I retire at age 54 with 3,800,000?

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$313,800$311,005$308,278$305,616$303,017$297,386
2 years$155,347$152,454$149,650$146,931$144,294$138,641
3 years$102,536$99,630$96,833$94,140$91,546$86,049
4 years$76,135$73,239$70,470$67,823$65,291$59,991
5 years$60,299$57,420$54,687$52,094$49,633$44,546
6 years$49,745$46,888$44,196$41,660$39,273$34,404
7 years$42,210$39,376$36,727$34,251$31,940$27,290
8 years$36,561$33,753$31,147$28,732$26,497$22,065
9 years$32,169$29,388$26,827$24,474$22,314$18,098
10 years$28,658$25,904$23,388$21,097$19,013$15,009
11 years$25,787$23,061$20,591$18,360$16,352$12,555
12 years$23,397$20,698$18,274$16,104$14,170$10,575
13 years$21,376$18,705$16,326$14,218$12,357$8,957
14 years$19,645$17,002$14,669$12,621$10,832$7,623
15 years$18,146$15,532$13,244$11,256$9,537$6,512
16 years$16,835$14,250$12,008$10,078$8,429$5,580
17 years$15,681$13,124$10,927$9,055$7,474$4,795
18 years$14,655$12,127$9,975$8,161$6,645$4,130
19 years$13,739$11,239$9,131$7,374$5,923$3,563
20 years$12,915$10,444$8,380$6,678$5,291$3,080
21 years$12,171$9,728$7,708$6,061$4,734$2,666
22 years$11,495$9,081$7,104$5,511$4,244$2,310
23 years$10,879$8,493$6,560$5,019$3,809$2,004
24 years$10,315$7,958$6,067$4,578$3,424$1,740
25 years$9,797$7,468$5,619$4,180$3,081$1,512
26 years$9,320$7,019$5,211$3,822$2,775$1,315
27 years$8,878$6,605$4,839$3,499$2,502$1,144
28 years$8,469$6,224$4,499$3,206$2,258$996
29 years$8,089$5,872$4,186$2,940$2,039$867
30 years$7,735$5,545$3,899$2,698$1,842$755
31 years$7,405$5,242$3,635$2,478$1,665$658
32 years$7,095$4,960$3,392$2,277$1,507$574
33 years$6,805$4,697$3,167$2,094$1,363$500
34 years$6,533$4,452$2,959$1,927$1,234$436
35 years$6,277$4,223$2,766$1,774$1,118$380
36 years$6,035$4,008$2,588$1,633$1,013$332
37 years$5,807$3,807$2,422$1,505$918$290
38 years$5,592$3,618$2,268$1,387$832$253
39 years$5,388$3,440$2,125$1,279$755$221
40 years$5,195$3,273$1,992$1,180$685$192
41 years$5,012$3,115$1,868$1,088$621$168
42 years$4,838$2,967$1,752$1,005$564$147
43 years$4,672$2,827$1,644$927$512$128
44 years$4,515$2,695$1,543$856$464$112
45 years$4,365$2,570$1,449$791$421$98
46 years$4,222$2,451$1,361$730$383$85
47 years$4,085$2,339$1,279$675$348$74
48 years$3,954$2,233$1,202$624$316$65
49 years$3,830$2,133$1,129$576$287$57
50 years$3,710$2,037$1,062$533$260$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $3,800,000, adding $4,540 every year, while hoping to spend $49,391 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: 45/33/22 Blend
53$3,800,000$3,800,000$3,800,000$3,800,000
54$4,192,283$3,990,883$3,931,983$4,354,167
55$4,567,344$4,133,885$4,011,153$4,611,638
56$4,979,006$4,282,238$4,091,319$4,885,479
57$5,430,950$4,436,153$4,172,464$5,181,447
58$5,927,232$4,595,849$4,254,566$5,501,625
59$6,472,317$4,761,553$4,337,601$5,848,300
60$7,071,126$4,933,502$4,421,544$6,223,990
61$7,729,081$5,111,944$4,506,366$6,631,461
62$8,452,154$5,297,136$4,592,036$7,073,758
63$9,246,923$5,489,345$4,678,519$7,554,227
64$10,120,638$5,688,851$4,765,777$8,076,552
65$11,081,282$5,895,944$4,853,770$8,644,785
66$12,137,655$6,110,928$4,942,454$9,263,382
67$13,299,450$6,334,117$5,031,780$9,937,249
68$14,577,346$6,565,841$5,121,697$10,671,785
69$15,983,111$6,806,442$5,212,149$11,472,930
70$17,529,707$7,056,278$5,303,075$12,347,224
71$19,231,421$7,315,719$5,394,412$13,301,865
72$21,103,990$7,585,153$5,486,089$14,344,776
73$23,164,757$7,864,986$5,578,033$15,484,680
74$25,432,829$8,155,637$5,670,164$16,731,180
75$27,929,261$8,457,546$5,762,397$18,094,851
76$30,677,250$8,771,170$5,854,642$19,587,334
77$33,702,359$9,096,987$5,946,802$21,221,448
78$37,032,755$9,435,494$6,038,775$23,011,311
79$40,699,472$9,787,210$6,130,450$24,972,469
80$44,736,710$10,152,675$6,221,712$27,122,040
81$49,182,152$10,532,453$6,312,436$29,478,880
82$54,077,321$10,927,133$6,402,493$32,063,755
83$59,467,973$11,337,328$6,491,742$34,899,534
84$65,404,526$11,763,678$6,580,035$38,011,410
85$71,942,539$12,206,849$6,667,218$41,427,128
86$79,143,232$12,667,539$6,753,123$45,177,253
87$87,074,066$13,146,472$6,837,577$49,295,449
88$95,809,379$13,644,408$6,920,395$53,818,801
89$105,431,088$14,162,136$7,001,380$58,788,161
90$116,029,459$14,700,480$7,080,326$64,248,532
91$127,703,962$15,260,302$7,157,015$70,249,490
92$140,564,209$15,842,500$7,231,218$76,845,648
93$154,730,986$16,448,011$7,302,692$84,097,175
94$170,337,395$17,077,812$7,371,181$92,070,358
95$187,530,110$17,732,924$7,436,415$100,838,223
96$206,470,757$18,414,413$7,498,111$110,481,226
97$227,337,446$19,123,392$7,555,970$121,088,010
98$250,326,448$19,861,021$7,609,677$132,756,235
99$275,654,047$20,628,512$7,658,903$145,593,502
100$303,558,581$21,427,130$7,703,297$159,718,362