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%18.1%
1 years$421,153$417,402$413,742$410,169$406,681$393,348
2 years$208,492$204,609$200,846$197,197$193,658$180,352
3 years$137,614$133,714$129,960$126,346$122,864$110,004
4 years$102,182$98,294$94,578$91,025$87,628$75,311
5 years$80,928$77,064$73,396$69,916$66,613$54,873
6 years$66,764$62,928$59,315$55,912$52,709$41,555
7 years$56,650$52,847$49,291$45,969$42,866$32,297
8 years$49,068$45,300$41,803$38,562$35,562$25,569
9 years$43,175$39,442$36,005$32,846$29,948$20,521
10 years$38,462$34,766$31,390$28,314$25,517$16,641
11 years$34,610$30,950$27,635$24,641$21,946$13,603
12 years$31,401$27,779$24,525$21,614$19,018$11,191
13 years$28,688$25,104$21,912$19,082$16,584$9,253
14 years$26,365$22,819$19,688$16,939$14,537$7,682
15 years$24,353$20,846$17,775$15,106$12,800$6,399
16 years$22,595$19,125$16,116$13,526$11,312$5,344
17 years$21,045$17,614$14,665$12,153$10,030$4,474
18 years$19,669$16,276$13,387$10,952$8,919$3,752
19 years$18,439$15,084$12,255$9,896$7,949$3,152
20 years$17,333$14,017$11,247$8,963$7,101$2,651
21 years$16,334$13,056$10,345$8,135$6,354$2,232
22 years$15,427$12,188$9,535$7,396$5,696$1,881
23 years$14,601$11,399$8,804$6,736$5,113$1,586
24 years$13,844$10,680$8,142$6,144$4,595$1,338
25 years$13,149$10,023$7,541$5,611$4,135$1,130
26 years$12,508$9,420$6,994$5,130$3,725$954
27 years$11,916$8,865$6,495$4,696$3,358$806
28 years$11,367$8,353$6,038$4,302$3,030$682
29 years$10,857$7,881$5,618$3,945$2,736$576
30 years$10,381$7,442$5,233$3,621$2,472$487
31 years$9,938$7,035$4,879$3,325$2,235$412
32 years$9,523$6,657$4,552$3,056$2,022$349
33 years$9,133$6,304$4,250$2,810$1,830$295
34 years$8,768$5,975$3,971$2,586$1,657$250
35 years$8,424$5,667$3,713$2,380$1,501$211
36 years$8,100$5,379$3,473$2,192$1,360$179
37 years$7,794$5,109$3,251$2,020$1,232$151
38 years$7,505$4,855$3,044$1,862$1,117$128
39 years$7,232$4,617$2,852$1,717$1,013$108
40 years$6,973$4,393$2,673$1,583$919$92
41 years$6,727$4,181$2,507$1,461$834$78
42 years$6,493$3,982$2,351$1,348$756$66
43 years$6,271$3,794$2,207$1,245$686$56
44 years$6,060$3,617$2,071$1,149$623$47
45 years$5,858$3,449$1,945$1,061$566$40
46 years$5,666$3,290$1,827$980$514$34
47 years$5,483$3,140$1,716$906$466$29
48 years$5,307$2,997$1,613$837$424$24
49 years$5,140$2,862$1,516$773$385$21
50 years$4,979$2,734$1,425$715$349$17

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 $6,104 every year, while hoping to spend $20,477 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: 34/49/17 Blend
53$5,100,000$5,100,000$5,100,000$5,100,000
54$5,626,496$5,356,196$5,277,146$5,788,037
55$6,178,612$5,596,863$5,432,143$6,147,649
56$6,786,356$5,848,635$5,591,646$6,532,840
57$7,455,383$6,112,037$5,755,785$6,947,786
58$8,191,920$6,387,615$5,924,692$7,395,125
59$9,002,831$6,675,943$6,098,504$7,877,747
60$9,895,678$6,977,622$6,277,362$8,398,819
61$10,878,794$7,293,282$6,461,410$8,961,813
62$11,961,360$7,623,583$6,650,797$9,570,535
63$13,153,496$7,969,216$6,845,676$10,229,157
64$14,466,351$8,330,905$7,046,204$10,942,258
65$15,912,209$8,709,409$7,252,542$11,714,858
66$17,504,609$9,105,525$7,464,857$12,552,469
67$19,258,468$9,520,085$7,683,319$13,461,138
68$21,190,225$9,953,963$7,908,104$14,447,503
69$23,317,994$10,408,073$8,139,391$15,518,856
70$25,661,737$10,883,376$8,377,368$16,683,199
71$28,243,448$11,380,875$8,622,224$17,949,324
72$31,087,367$11,901,625$8,874,155$19,326,890
73$34,220,202$12,446,728$9,133,363$20,826,506
74$37,671,387$13,017,343$9,400,056$22,459,831
75$41,473,356$13,614,680$9,674,445$24,239,679
76$45,661,850$14,240,010$9,956,750$26,180,131
77$50,276,253$14,894,666$10,247,196$28,296,670
78$55,359,968$15,580,042$10,546,015$30,606,315
79$60,960,822$16,297,600$10,853,443$33,127,779
80$67,131,517$17,048,875$11,169,725$35,881,640
81$73,930,134$17,835,471$11,495,112$38,890,529
82$81,420,672$18,659,074$11,829,863$42,179,337
83$89,673,660$19,521,447$12,174,243$45,775,443
84$98,766,816$20,424,442$12,528,523$49,708,965
85$108,785,788$21,369,996$12,892,985$54,013,041
86$119,824,955$22,360,142$13,267,916$58,724,126
87$131,988,321$23,397,010$13,653,613$63,882,337
88$145,390,500$24,482,833$14,050,379$69,531,819
89$160,157,791$25,619,952$14,458,526$75,721,150
90$176,429,375$26,810,820$14,878,377$82,503,798
91$194,358,629$28,058,008$15,310,260$89,938,608
92$214,114,571$29,364,212$15,754,515$98,090,355
93$235,883,457$30,732,258$16,211,491$107,030,338
94$259,870,539$32,165,108$16,681,546$116,837,047
95$286,302,003$33,665,867$17,165,046$127,596,890
96$315,427,104$35,237,791$17,662,371$139,404,997
97$347,520,516$36,884,291$18,173,909$152,366,107
98$382,884,933$38,608,944$18,700,059$166,595,540
99$421,853,915$40,415,502$19,241,230$182,220,276
100$464,795,047$42,307,894$19,797,844$199,380,135