Can I retire at age 54 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$421,153$417,402$413,742$410,169$406,681$397,658
2 years$208,492$204,609$200,846$197,197$193,658$184,614
3 years$137,614$133,714$129,960$126,346$122,864$114,082
4 years$102,182$98,294$94,578$91,025$87,628$79,175
5 years$80,928$77,064$73,396$69,916$66,613$58,514
6 years$66,764$62,928$59,315$55,912$52,709$44,971
7 years$56,650$52,847$49,291$45,969$42,866$35,491
8 years$49,068$45,300$41,803$38,562$35,562$28,547
9 years$43,175$39,442$36,005$32,846$29,948$23,289
10 years$38,462$34,766$31,390$28,314$25,517$19,206
11 years$34,610$30,950$27,635$24,641$21,946$15,975
12 years$31,401$27,779$24,525$21,614$19,018$13,377
13 years$28,688$25,104$21,912$19,082$16,584$11,264
14 years$26,365$22,819$19,688$16,939$14,537$9,527
15 years$24,353$20,846$17,775$15,106$12,800$8,087
16 years$22,595$19,125$16,116$13,526$11,312$6,887
17 years$21,045$17,614$14,665$12,153$10,030$5,880
18 years$19,669$16,276$13,387$10,952$8,919$5,030
19 years$18,439$15,084$12,255$9,896$7,949$4,312
20 years$17,333$14,017$11,247$8,963$7,101$3,702
21 years$16,334$13,056$10,345$8,135$6,354$3,182
22 years$15,427$12,188$9,535$7,396$5,696$2,738
23 years$14,601$11,399$8,804$6,736$5,113$2,359
24 years$13,844$10,680$8,142$6,144$4,595$2,034
25 years$13,149$10,023$7,541$5,611$4,135$1,754
26 years$12,508$9,420$6,994$5,130$3,725$1,515
27 years$11,916$8,865$6,495$4,696$3,358$1,308
28 years$11,367$8,353$6,038$4,302$3,030$1,130
29 years$10,857$7,881$5,618$3,945$2,736$977
30 years$10,381$7,442$5,233$3,621$2,472$845
31 years$9,938$7,035$4,879$3,325$2,235$731
32 years$9,523$6,657$4,552$3,056$2,022$632
33 years$9,133$6,304$4,250$2,810$1,830$547
34 years$8,768$5,975$3,971$2,586$1,657$474
35 years$8,424$5,667$3,713$2,380$1,501$410
36 years$8,100$5,379$3,473$2,192$1,360$355
37 years$7,794$5,109$3,251$2,020$1,232$307
38 years$7,505$4,855$3,044$1,862$1,117$266
39 years$7,232$4,617$2,852$1,717$1,013$230
40 years$6,973$4,393$2,673$1,583$919$200
41 years$6,727$4,181$2,507$1,461$834$173
42 years$6,493$3,982$2,351$1,348$756$150
43 years$6,271$3,794$2,207$1,245$686$130
44 years$6,060$3,617$2,071$1,149$623$112
45 years$5,858$3,449$1,945$1,061$566$97
46 years$5,666$3,290$1,827$980$514$84
47 years$5,483$3,140$1,716$906$466$73
48 years$5,307$2,997$1,613$837$424$63
49 years$5,140$2,862$1,516$773$385$55
50 years$4,979$2,734$1,425$715$349$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,100,000, adding $3,324 every year, while hoping to spend $32,183 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: 35/47/18 Blend
53$5,100,000$5,100,000$5,100,000$5,100,000
54$5,623,629$5,353,329$5,274,279$5,789,337
55$6,162,996$5,581,399$5,416,725$6,138,756
56$6,756,301$5,819,567$5,562,864$6,512,273
57$7,409,010$6,068,292$5,712,786$6,914,614
58$8,127,148$6,328,057$5,866,583$7,348,357
59$8,917,351$6,599,366$6,024,348$7,816,328
60$9,786,935$6,882,749$6,186,178$8,321,627
61$10,743,956$7,178,758$6,352,169$8,867,652
62$11,797,295$7,487,972$6,522,421$9,458,133
63$12,956,734$7,810,997$6,697,037$10,097,160
64$14,233,053$8,148,468$6,876,120$10,789,224
65$15,638,131$8,501,050$7,059,777$11,539,254
66$17,185,055$8,869,437$7,248,115$12,352,660
67$18,888,250$9,254,358$7,441,245$13,235,386
68$20,763,604$9,656,575$7,639,280$14,193,957
69$22,828,631$10,076,886$7,842,335$15,235,543
70$25,102,626$10,516,127$8,050,527$16,368,020
71$27,606,850$10,975,174$8,263,976$17,600,042
72$30,364,733$11,454,942$8,482,804$18,941,121
73$33,402,093$11,956,392$8,707,136$20,401,711
74$36,747,379$12,480,527$8,937,097$21,993,304
75$40,431,940$13,028,401$9,172,818$23,728,534
76$44,490,320$13,601,115$9,414,429$25,621,293
77$48,960,586$14,199,823$9,662,066$27,686,858
78$53,884,685$14,825,733$9,915,864$29,942,028
79$59,308,841$15,480,112$10,175,964$32,405,282
80$65,283,990$16,164,285$10,442,506$35,096,947
81$71,866,262$16,879,640$10,715,635$38,039,383
82$79,117,510$17,627,632$10,995,499$41,257,191
83$87,105,894$18,409,784$11,282,245$44,777,440
84$95,906,522$19,227,690$11,576,027$48,629,913
85$105,602,163$20,083,023$11,877,000$52,847,388
86$116,284,024$20,977,531$12,185,320$57,465,935
87$128,052,614$21,913,050$12,501,148$62,525,255
88$141,018,690$22,891,499$12,824,646$68,069,044
89$155,304,304$23,914,890$13,155,979$74,145,401
90$171,043,955$24,985,331$13,495,316$80,807,271
91$188,385,856$26,105,030$13,842,827$88,112,942
92$207,493,337$27,276,300$14,198,685$96,126,582
93$228,546,383$28,501,565$14,563,067$104,918,840
94$251,743,334$29,783,362$14,936,150$114,567,500
95$277,302,759$31,124,351$15,318,116$125,158,209
96$305,465,516$32,527,319$15,709,148$136,785,275
97$336,497,027$33,995,187$16,109,433$149,552,546
98$370,689,784$35,531,011$16,519,159$163,574,378
99$408,366,109$37,137,998$16,938,518$178,976,708
100$449,881,197$38,819,505$17,367,703$195,898,225