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%13.6%
1 years$412,895$409,217$405,629$402,127$398,707$392,749
2 years$204,404$200,597$196,907$193,330$189,860$183,871
3 years$134,915$131,092$127,412$123,869$120,455$114,621
4 years$100,178$96,367$92,723$89,240$85,910$80,276
5 years$79,341$75,553$71,957$68,545$65,307$59,890
6 years$65,455$61,694$58,152$54,816$51,675$46,481
7 years$55,539$51,811$48,325$45,067$42,026$37,056
8 years$48,106$44,411$40,983$37,806$34,865$30,118
9 years$42,328$38,668$35,299$32,202$29,361$24,836
10 years$37,708$34,084$30,774$27,759$25,017$20,710
11 years$33,931$30,343$27,093$24,158$21,515$17,422
12 years$30,785$27,234$24,044$21,190$18,645$14,760
13 years$28,126$24,612$21,482$18,708$16,259$12,577
14 years$25,848$22,371$19,302$16,607$14,252$10,767
15 years$23,876$20,437$17,427$14,810$12,549$9,255
16 years$22,152$18,750$15,800$13,261$11,091$7,981
17 years$20,632$17,268$14,377$11,915$9,834$6,902
18 years$19,283$15,957$13,125$10,738$8,744$5,984
19 years$18,077$14,789$12,015$9,702$7,793$5,197
20 years$16,993$13,742$11,027$8,787$6,961$4,523
21 years$16,014$12,800$10,143$7,975$6,230$3,941
22 years$15,125$11,949$9,348$7,251$5,584$3,439
23 years$14,314$11,175$8,631$6,604$5,012$3,004
24 years$13,572$10,471$7,982$6,023$4,505$2,627
25 years$12,891$9,826$7,393$5,501$4,054$2,299
26 years$12,263$9,235$6,857$5,029$3,652$2,013
27 years$11,682$8,691$6,367$4,604$3,292$1,764
28 years$11,144$8,190$5,919$4,218$2,971$1,547
29 years$10,644$7,726$5,508$3,868$2,683$1,357
30 years$10,178$7,296$5,131$3,550$2,424$1,191
31 years$9,743$6,898$4,783$3,260$2,191$1,046
32 years$9,336$6,526$4,463$2,996$1,982$918
33 years$8,954$6,181$4,167$2,755$1,794$807
34 years$8,596$5,858$3,893$2,535$1,624$709
35 years$8,259$5,556$3,640$2,334$1,471$623
36 years$7,941$5,274$3,405$2,149$1,333$548
37 years$7,641$5,009$3,187$1,980$1,208$481
38 years$7,358$4,760$2,985$1,825$1,095$423
39 years$7,090$4,526$2,796$1,683$993$372
40 years$6,836$4,306$2,621$1,552$901$327
41 years$6,595$4,099$2,458$1,432$817$288
42 years$6,366$3,904$2,305$1,322$742$253
43 years$6,148$3,720$2,163$1,220$673$223
44 years$5,941$3,546$2,031$1,127$611$196
45 years$5,743$3,381$1,907$1,040$555$173
46 years$5,555$3,225$1,791$961$504$152
47 years$5,375$3,078$1,682$888$457$134
48 years$5,203$2,938$1,581$820$415$118
49 years$5,039$2,806$1,486$758$377$104
50 years$4,882$2,680$1,397$701$343$91

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 $2,820 every year, while hoping to spend $37,210 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: 60/19/21 Blend
53$5,000,000$5,000,000$5,000,000$5,000,000
54$5,512,909$5,247,909$5,170,409$5,813,030
55$6,035,634$5,465,465$5,304,026$6,234,313
56$6,610,431$5,692,435$5,440,873$6,689,403
57$7,242,570$5,929,239$5,581,018$7,185,087
58$7,937,861$6,176,320$5,724,530$7,725,309
59$8,702,702$6,434,140$5,871,481$8,314,408
60$9,544,146$6,703,181$6,021,944$8,957,158
61$10,469,960$6,983,948$6,175,991$9,658,812
62$11,488,705$7,276,971$6,333,696$10,425,153
63$12,609,813$7,582,802$6,495,134$11,262,543
64$13,843,675$7,902,021$6,660,383$12,177,985
65$15,201,743$8,235,233$6,829,518$13,179,188
66$16,696,633$8,583,071$7,002,619$14,274,638
67$18,342,248$8,946,200$7,179,765$15,473,676
68$20,153,906$9,325,312$7,361,036$16,786,588
69$22,148,486$9,721,135$7,546,513$18,224,695
70$24,344,589$10,134,428$7,736,278$19,800,467
71$26,762,708$10,565,986$7,930,415$21,527,629
72$29,425,427$11,016,642$8,129,006$23,421,300
73$32,357,630$11,487,267$8,332,138$25,498,123
74$35,586,739$11,978,774$8,539,895$27,776,432
75$39,142,969$12,492,116$8,752,364$30,276,412
76$43,059,615$13,028,293$8,969,631$33,020,299
77$47,373,367$13,588,350$9,191,785$36,032,577
78$52,124,654$14,173,383$9,418,914$39,340,218
79$57,358,028$14,784,538$9,651,106$42,972,925
80$63,122,580$15,423,014$9,888,452$46,963,417
81$69,472,409$16,090,067$10,131,040$51,347,735
82$76,467,127$16,787,013$10,378,963$56,165,575
83$84,172,425$17,515,227$10,632,309$61,460,667
84$92,660,691$18,276,153$10,891,171$67,281,181
85$102,011,695$19,071,298$11,155,638$73,680,182
86$112,313,340$19,902,243$11,425,804$80,716,125
87$123,662,490$20,770,642$11,701,758$88,453,409
88$136,165,889$21,678,229$11,983,592$96,962,976
89$149,941,164$22,626,817$12,271,396$106,322,984
90$165,117,938$23,618,305$12,565,263$116,619,537
91$181,839,049$24,654,684$12,865,281$127,947,498
92$200,261,906$25,738,037$13,171,542$140,411,378
93$220,559,964$26,870,545$13,484,132$154,126,322
94$242,924,372$28,054,494$13,803,143$169,219,192
95$267,565,770$29,292,275$14,128,659$185,829,759
96$294,716,278$30,586,396$14,460,769$204,112,020
97$324,631,690$31,939,481$14,799,556$224,235,647
98$357,593,885$33,354,279$15,145,105$246,387,586
99$393,913,493$34,833,670$15,497,497$270,773,817
100$433,932,819$36,380,669$15,856,813$297,621,290