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

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$421,153$417,402$413,742$410,169$406,681$391,629
2 years$208,492$204,609$200,846$197,197$193,658$178,663
3 years$137,614$133,714$129,960$126,346$122,864$108,398
4 years$102,182$98,294$94,578$91,025$87,628$73,801
5 years$80,928$77,064$73,396$69,916$66,613$53,462
6 years$66,764$62,928$59,315$55,912$52,709$40,242
7 years$56,650$52,847$49,291$45,969$42,866$31,081
8 years$49,068$45,300$41,803$38,562$35,562$24,447
9 years$43,175$39,442$36,005$32,846$29,948$19,488
10 years$38,462$34,766$31,390$28,314$25,517$15,694
11 years$34,610$30,950$27,635$24,641$21,946$12,738
12 years$31,401$27,779$24,525$21,614$19,018$10,402
13 years$28,688$25,104$21,912$19,082$16,584$8,537
14 years$26,365$22,819$19,688$16,939$14,537$7,033
15 years$24,353$20,846$17,775$15,106$12,800$5,813
16 years$22,595$19,125$16,116$13,526$11,312$4,816
17 years$21,045$17,614$14,665$12,153$10,030$3,999
18 years$19,669$16,276$13,387$10,952$8,919$3,327
19 years$18,439$15,084$12,255$9,896$7,949$2,771
20 years$17,333$14,017$11,247$8,963$7,101$2,311
21 years$16,334$13,056$10,345$8,135$6,354$1,929
22 years$15,427$12,188$9,535$7,396$5,696$1,612
23 years$14,601$11,399$8,804$6,736$5,113$1,348
24 years$13,844$10,680$8,142$6,144$4,595$1,127
25 years$13,149$10,023$7,541$5,611$4,135$943
26 years$12,508$9,420$6,994$5,130$3,725$790
27 years$11,916$8,865$6,495$4,696$3,358$661
28 years$11,367$8,353$6,038$4,302$3,030$554
29 years$10,857$7,881$5,618$3,945$2,736$464
30 years$10,381$7,442$5,233$3,621$2,472$389
31 years$9,938$7,035$4,879$3,325$2,235$326
32 years$9,523$6,657$4,552$3,056$2,022$273
33 years$9,133$6,304$4,250$2,810$1,830$229
34 years$8,768$5,975$3,971$2,586$1,657$192
35 years$8,424$5,667$3,713$2,380$1,501$161
36 years$8,100$5,379$3,473$2,192$1,360$135
37 years$7,794$5,109$3,251$2,020$1,232$113
38 years$7,505$4,855$3,044$1,862$1,117$95
39 years$7,232$4,617$2,852$1,717$1,013$80
40 years$6,973$4,393$2,673$1,583$919$67
41 years$6,727$4,181$2,507$1,461$834$56
42 years$6,493$3,982$2,351$1,348$756$47
43 years$6,271$3,794$2,207$1,245$686$39
44 years$6,060$3,617$2,071$1,149$623$33
45 years$5,858$3,449$1,945$1,061$566$28
46 years$5,666$3,290$1,827$980$514$23
47 years$5,483$3,140$1,716$906$466$20
48 years$5,307$2,997$1,613$837$424$16
49 years$5,140$2,862$1,516$773$385$14
50 years$4,979$2,734$1,425$715$349$12

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 $4,888 every year, while hoping to spend $37,301 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: 50/27/23 Blend
53$5,100,000$5,100,000$5,100,000$5,100,000
54$5,625,242$5,354,942$5,275,892$5,869,932
55$6,159,329$5,577,646$5,412,946$6,263,086
56$6,746,642$5,810,013$5,553,342$6,685,972
57$7,392,572$6,052,476$5,697,151$7,144,829
58$8,103,056$6,305,489$5,844,448$7,643,076
59$8,884,638$6,569,528$5,995,307$8,184,469
60$9,744,526$6,845,090$6,149,804$8,773,142
61$10,690,662$7,132,694$6,308,018$9,413,634
62$11,731,799$7,432,885$6,470,025$10,110,942
63$12,877,578$7,746,232$6,635,907$10,870,558
64$14,138,625$8,073,331$6,805,743$11,698,525
65$15,526,645$8,414,805$6,979,617$12,601,490
66$17,054,539$8,771,307$7,157,610$13,586,764
67$18,736,520$9,143,518$7,339,807$14,662,392
68$20,588,249$9,532,154$7,526,295$15,837,228
69$22,626,983$9,937,963$7,717,158$17,121,011
70$24,871,738$10,361,726$7,912,486$18,524,463
71$27,343,467$10,804,262$8,112,366$20,059,381
72$30,065,260$11,266,430$8,316,889$21,738,752
73$33,062,557$11,749,126$8,526,146$23,576,871
74$36,363,393$12,253,289$8,740,228$25,589,471
75$39,998,662$12,779,902$8,959,227$27,793,876
76$44,002,403$13,329,995$9,183,239$30,209,156
77$48,412,128$13,904,644$9,412,357$32,856,307
78$53,269,171$14,504,978$9,646,678$35,758,448
79$58,619,081$15,132,177$9,886,296$38,941,032
80$64,512,051$15,787,477$10,131,310$42,432,089
81$71,003,389$16,472,172$10,381,818$46,262,485
82$78,154,043$17,187,617$10,637,918$50,466,209
83$86,031,176$17,935,231$10,899,708$55,080,692
84$94,708,797$18,716,498$11,167,290$60,147,159
85$104,268,463$19,532,975$11,440,762$65,711,013
86$114,800,044$20,386,289$11,720,226$71,822,256
87$126,402,577$21,278,145$12,005,782$78,535,965
88$139,185,195$22,210,330$12,297,531$85,912,804
89$153,268,162$23,184,713$12,595,575$94,019,589
90$168,784,002$24,203,251$12,900,015$102,929,923
91$185,878,757$25,267,997$13,210,951$112,724,879
92$204,713,358$26,381,097$13,528,487$123,493,762
93$225,465,150$27,544,801$13,852,721$135,334,950
94$248,329,563$28,761,463$14,183,754$148,356,817
95$273,521,955$30,033,551$14,521,686$162,678,748
96$301,279,648$31,363,649$14,866,617$178,432,264
97$331,864,168$32,754,464$15,218,644$195,762,254
98$365,563,709$34,208,828$15,577,864$214,828,340
99$402,695,860$35,729,713$15,944,375$235,806,378
100$443,610,596$37,320,228$16,318,270$258,890,108