Can I retire at age 54 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$412,895$409,217$405,629$402,127$398,707$389,068
2 years$204,404$200,597$196,907$193,330$189,860$180,208
3 years$134,915$131,092$127,412$123,869$120,455$111,090
4 years$100,178$96,367$92,723$89,240$85,910$76,904
5 years$79,341$75,553$71,957$68,545$65,307$56,686
6 years$65,455$61,694$58,152$54,816$51,675$43,448
7 years$55,539$51,811$48,325$45,067$42,026$34,193
8 years$48,106$44,411$40,983$37,806$34,865$27,423
9 years$42,328$38,668$35,299$32,202$29,361$22,304
10 years$37,708$34,084$30,774$27,759$25,017$18,337
11 years$33,931$30,343$27,093$24,158$21,515$15,203
12 years$30,785$27,234$24,044$21,190$18,645$12,690
13 years$28,126$24,612$21,482$18,708$16,259$10,649
14 years$25,848$22,371$19,302$16,607$14,252$8,976
15 years$23,876$20,437$17,427$14,810$12,549$7,594
16 years$22,152$18,750$15,800$13,261$11,091$6,443
17 years$20,632$17,268$14,377$11,915$9,834$5,481
18 years$19,283$15,957$13,125$10,738$8,744$4,672
19 years$18,077$14,789$12,015$9,702$7,793$3,990
20 years$16,993$13,742$11,027$8,787$6,961$3,413
21 years$16,014$12,800$10,143$7,975$6,230$2,922
22 years$15,125$11,949$9,348$7,251$5,584$2,505
23 years$14,314$11,175$8,631$6,604$5,012$2,150
24 years$13,572$10,471$7,982$6,023$4,505$1,846
25 years$12,891$9,826$7,393$5,501$4,054$1,586
26 years$12,263$9,235$6,857$5,029$3,652$1,364
27 years$11,682$8,691$6,367$4,604$3,292$1,173
28 years$11,144$8,190$5,919$4,218$2,971$1,010
29 years$10,644$7,726$5,508$3,868$2,683$869
30 years$10,178$7,296$5,131$3,550$2,424$748
31 years$9,743$6,898$4,783$3,260$2,191$645
32 years$9,336$6,526$4,463$2,996$1,982$555
33 years$8,954$6,181$4,167$2,755$1,794$479
34 years$8,596$5,858$3,893$2,535$1,624$413
35 years$8,259$5,556$3,640$2,334$1,471$356
36 years$7,941$5,274$3,405$2,149$1,333$307
37 years$7,641$5,009$3,187$1,980$1,208$264
38 years$7,358$4,760$2,985$1,825$1,095$228
39 years$7,090$4,526$2,796$1,683$993$197
40 years$6,836$4,306$2,621$1,552$901$170
41 years$6,595$4,099$2,458$1,432$817$146
42 years$6,366$3,904$2,305$1,322$742$126
43 years$6,148$3,720$2,163$1,220$673$109
44 years$5,941$3,546$2,031$1,127$611$94
45 years$5,743$3,381$1,907$1,040$555$81
46 years$5,555$3,225$1,791$961$504$70
47 years$5,375$3,078$1,682$888$457$60
48 years$5,203$2,938$1,581$820$415$52
49 years$5,039$2,806$1,486$758$377$45
50 years$4,882$2,680$1,397$701$343$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,000,000, adding $2,091 every year, while hoping to spend $32,772 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: 55/34/11 Blend
53$5,000,000$5,000,000$5,000,000$5,000,000
54$5,512,157$5,247,157$5,169,657$5,799,917
55$6,039,528$5,469,398$5,307,971$6,217,376
56$6,619,592$5,701,431$5,449,821$6,667,920
57$7,257,690$5,943,701$5,595,289$7,157,703
58$7,959,705$6,196,673$5,744,462$7,690,467
59$8,732,120$6,460,836$5,897,427$8,270,326
60$9,582,079$6,736,698$6,054,273$8,901,801
61$10,517,450$7,024,796$6,215,090$9,589,863
62$11,546,906$7,325,687$6,379,972$10,339,978
63$12,680,002$7,639,957$6,549,013$11,158,157
64$13,927,266$7,968,219$6,722,308$12,051,010
65$15,300,299$8,311,114$6,899,957$13,025,809
66$16,811,883$8,669,312$7,082,060$14,090,553
67$18,476,105$9,043,518$7,268,718$15,254,040
68$20,308,483$9,434,466$7,460,036$16,525,951
69$22,326,120$9,842,926$7,656,119$17,916,940
70$24,547,860$10,269,706$7,857,075$19,438,727
71$26,994,469$10,715,648$8,063,014$21,104,213
72$29,688,828$11,181,638$8,274,048$22,927,593
73$32,656,150$11,668,600$8,490,291$24,924,493
74$35,924,220$12,177,504$8,711,858$27,112,111
75$39,523,653$12,709,365$8,938,868$29,509,380
76$43,488,186$13,265,244$9,171,440$32,137,139
77$47,854,994$13,846,254$9,409,697$35,018,332
78$52,665,044$14,453,561$9,653,762$38,178,218
79$57,963,478$15,088,384$9,903,762$41,644,607
80$63,800,039$15,752,002$10,159,824$45,448,120
81$70,229,545$16,445,751$10,422,080$49,622,473
82$77,312,400$17,171,035$10,690,661$54,204,793
83$85,115,169$17,929,320$10,965,703$59,235,963
84$93,711,202$18,722,143$11,247,340$64,761,005
85$103,181,332$19,551,114$11,535,713$70,829,502
86$113,614,629$20,417,920$11,830,961$77,496,057
87$125,109,250$21,324,327$12,133,226$84,820,808
88$137,773,359$22,272,185$12,442,655$92,869,991
89$151,726,150$23,263,431$12,759,393$101,716,558
90$167,098,974$24,300,095$13,083,589$111,440,860
91$184,036,573$25,384,304$13,415,393$122,131,403
92$202,698,453$26,518,284$13,754,958$133,885,673
93$223,260,384$27,704,369$14,102,438$146,811,056
94$245,916,063$28,945,002$14,457,989$161,025,842
95$270,878,939$30,242,745$14,821,770$176,660,332
96$298,384,231$31,600,280$15,193,939$193,858,068
97$328,691,145$33,020,417$15,574,659$212,777,176
98$362,085,324$34,506,099$15,964,092$233,591,853
99$398,881,542$36,060,412$16,362,403$256,494,003
100$439,426,674$37,686,587$16,769,759$281,695,038