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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.8%
1 years$412,895$409,217$405,629$402,127$398,707$395,697
2 years$204,404$200,597$196,907$193,330$189,860$186,826
3 years$134,915$131,092$127,412$123,869$120,455$117,490
4 years$100,178$96,367$92,723$89,240$85,910$83,036
5 years$79,341$75,553$71,957$68,545$65,307$62,535
6 years$65,455$61,694$58,152$54,816$51,675$49,007
7 years$55,539$51,811$48,325$45,067$42,026$39,463
8 years$48,106$44,411$40,983$37,806$34,865$32,407
9 years$42,328$38,668$35,299$32,202$29,361$27,008
10 years$37,708$34,084$30,774$27,759$25,017$22,767
11 years$33,931$30,343$27,093$24,158$21,515$19,368
12 years$30,785$27,234$24,044$21,190$18,645$16,597
13 years$28,126$24,612$21,482$18,708$16,259$14,308
14 years$25,848$22,371$19,302$16,607$14,252$12,397
15 years$23,876$20,437$17,427$14,810$12,549$10,786
16 years$22,152$18,750$15,800$13,261$11,091$9,418
17 years$20,632$17,268$14,377$11,915$9,834$8,249
18 years$19,283$15,957$13,125$10,738$8,744$7,243
19 years$18,077$14,789$12,015$9,702$7,793$6,374
20 years$16,993$13,742$11,027$8,787$6,961$5,620
21 years$16,014$12,800$10,143$7,975$6,230$4,964
22 years$15,125$11,949$9,348$7,251$5,584$4,391
23 years$14,314$11,175$8,631$6,604$5,012$3,889
24 years$13,572$10,471$7,982$6,023$4,505$3,448
25 years$12,891$9,826$7,393$5,501$4,054$3,060
26 years$12,263$9,235$6,857$5,029$3,652$2,719
27 years$11,682$8,691$6,367$4,604$3,292$2,417
28 years$11,144$8,190$5,919$4,218$2,971$2,150
29 years$10,644$7,726$5,508$3,868$2,683$1,914
30 years$10,178$7,296$5,131$3,550$2,424$1,704
31 years$9,743$6,898$4,783$3,260$2,191$1,519
32 years$9,336$6,526$4,463$2,996$1,982$1,354
33 years$8,954$6,181$4,167$2,755$1,794$1,207
34 years$8,596$5,858$3,893$2,535$1,624$1,077
35 years$8,259$5,556$3,640$2,334$1,471$961
36 years$7,941$5,274$3,405$2,149$1,333$858
37 years$7,641$5,009$3,187$1,980$1,208$766
38 years$7,358$4,760$2,985$1,825$1,095$684
39 years$7,090$4,526$2,796$1,683$993$610
40 years$6,836$4,306$2,621$1,552$901$545
41 years$6,595$4,099$2,458$1,432$817$487
42 years$6,366$3,904$2,305$1,322$742$435
43 years$6,148$3,720$2,163$1,220$673$389
44 years$5,941$3,546$2,031$1,127$611$348
45 years$5,743$3,381$1,907$1,040$555$311
46 years$5,555$3,225$1,791$961$504$278
47 years$5,375$3,078$1,682$888$457$248
48 years$5,203$2,938$1,581$820$415$222
49 years$5,039$2,806$1,486$758$377$198
50 years$4,882$2,680$1,397$701$343$177

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 $2,808 every year, while hoping to spend $39,177 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: 53/19/28 Blend
53$5,000,000$5,000,000$5,000,000$5,000,000
54$5,512,896$5,247,896$5,170,396$5,761,819
55$6,033,528$5,463,359$5,301,921$6,150,147
56$6,605,951$5,688,067$5,436,538$6,568,314
57$7,235,406$5,922,431$5,574,311$7,022,632
58$7,927,669$6,166,881$5,715,301$7,516,578
59$8,689,102$6,421,869$5,859,574$8,053,976
60$9,526,714$6,687,864$6,007,194$8,639,034
61$10,448,229$6,965,360$6,158,226$9,276,379
62$11,462,158$7,254,872$6,312,735$9,971,103
63$12,577,875$7,556,938$6,470,789$10,728,811
64$13,805,713$7,872,123$6,632,456$11,555,667
65$15,157,055$8,201,016$6,797,802$12,458,457
66$16,644,443$8,544,234$6,966,897$13,444,651
67$18,281,698$8,902,423$7,139,809$14,522,468
68$20,084,048$9,276,258$7,316,609$15,700,959
69$22,068,272$9,666,447$7,497,367$16,990,084
70$24,252,860$10,073,727$7,682,153$18,400,810
71$26,658,186$10,498,873$7,871,039$19,945,213
72$29,306,697$10,942,695$8,064,096$21,636,584
73$32,223,133$11,406,039$8,261,396$23,489,563
74$35,434,750$11,889,793$8,463,010$25,520,267
75$38,971,585$12,394,883$8,669,011$27,746,446
76$42,866,736$12,922,282$8,879,472$30,187,644
77$47,156,674$13,473,004$9,094,465$32,865,387
78$51,881,587$14,048,114$9,314,063$35,803,381
79$57,085,762$14,648,725$9,538,337$39,027,735
80$62,817,999$15,276,001$9,767,360$42,567,204
81$69,132,073$15,931,164$10,001,205$46,453,460
82$76,087,242$16,615,488$10,239,943$50,721,388
83$83,748,804$17,330,310$10,483,644$55,409,415
84$92,188,717$18,077,030$10,732,381$60,559,866
85$101,486,273$18,857,112$10,986,223$66,219,366
86$111,728,850$19,672,088$11,245,239$72,439,275
87$123,012,736$20,523,563$11,509,498$79,276,170
88$135,444,036$21,413,219$11,779,067$86,792,378
89$149,139,675$22,342,814$12,054,012$95,056,560
90$164,228,500$23,314,189$12,334,400$104,144,356
91$180,852,497$24,329,275$12,620,292$114,139,099
92$199,168,132$25,390,089$12,911,752$125,132,594
93$219,347,825$26,498,747$13,208,839$137,225,984
94$241,581,579$27,657,462$13,511,612$150,530,701
95$266,078,775$28,868,553$13,820,126$165,169,514
96$293,070,146$30,134,447$14,134,435$181,277,684
97$322,809,953$31,457,687$14,454,591$199,004,238
98$355,578,390$32,840,936$14,780,642$218,513,371
99$391,684,224$34,286,981$15,112,632$239,985,990
100$431,467,715$35,798,742$15,450,605$263,621,421