Can I retire at age 54 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$437,669$433,771$429,967$426,254$422,629$413,758
2 years$216,668$212,633$208,722$204,930$201,252$192,356
3 years$143,010$138,958$135,057$131,301$127,683$119,040
4 years$106,189$102,149$98,287$94,595$91,064$82,741
5 years$84,102$80,086$76,275$72,658$69,226$61,245
6 years$69,382$65,396$61,641$58,105$54,776$47,147
7 years$58,872$54,920$51,224$47,771$44,547$37,272
8 years$50,993$47,076$43,442$40,074$36,956$30,032
9 years$44,868$40,988$37,417$34,134$31,123$24,544
10 years$39,971$36,129$32,621$29,424$26,518$20,279
11 years$35,967$32,164$28,719$25,608$22,806$16,899
12 years$32,632$28,868$25,487$22,461$19,764$14,179
13 years$29,813$26,089$22,771$19,830$17,234$11,963
14 years$27,399$23,714$20,460$17,603$15,107$10,139
15 years$25,308$21,663$18,473$15,699$13,302$8,625
16 years$23,481$19,875$16,748$14,057$11,756$7,360
17 years$21,870$18,304$15,240$12,630$10,424$6,297
18 years$20,440$16,914$13,912$11,382$9,268$5,400
19 years$19,162$15,676$12,736$10,285$8,261$4,639
20 years$18,013$14,567$11,688$9,315$7,379$3,991
21 years$16,975$13,568$10,751$8,454$6,603$3,439
22 years$16,032$12,666$9,909$7,686$5,919$2,966
23 years$15,173$11,846$9,149$7,000$5,313$2,561
24 years$14,387$11,099$8,461$6,384$4,776$2,213
25 years$13,664$10,416$7,837$5,831$4,297$1,914
26 years$12,998$9,789$7,268$5,331$3,871$1,656
27 years$12,383$9,213$6,749$4,880$3,490$1,434
28 years$11,813$8,681$6,274$4,471$3,149$1,242
29 years$11,282$8,190$5,839$4,100$2,843$1,076
30 years$10,789$7,734$5,439$3,763$2,569$933
31 years$10,327$7,311$5,070$3,456$2,323$809
32 years$9,896$6,918$4,731$3,176$2,101$702
33 years$9,492$6,551$4,417$2,921$1,902$609
34 years$9,112$6,209$4,127$2,687$1,722$528
35 years$8,754$5,889$3,858$2,474$1,559$458
36 years$8,418$5,590$3,610$2,278$1,413$398
37 years$8,100$5,309$3,378$2,099$1,281$345
38 years$7,800$5,046$3,164$1,935$1,161$300
39 years$7,515$4,798$2,964$1,784$1,053$260
40 years$7,246$4,565$2,778$1,645$955$226
41 years$6,990$4,345$2,605$1,518$866$196
42 years$6,748$4,138$2,444$1,401$786$171
43 years$6,517$3,943$2,293$1,293$713$148
44 years$6,297$3,758$2,152$1,194$648$129
45 years$6,088$3,584$2,021$1,103$588$112
46 years$5,888$3,419$1,898$1,019$534$97
47 years$5,698$3,263$1,783$941$485$84
48 years$5,515$3,115$1,676$870$440$73
49 years$5,341$2,974$1,575$804$400$64
50 years$5,175$2,841$1,481$743$363$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,300,000, adding $2,334 every year, while hoping to spend $53,820 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: 36/39/25 Blend
53$5,300,000$5,300,000$5,300,000$5,300,000
54$5,843,008$5,562,108$5,479,958$6,009,281
55$6,381,730$5,777,387$5,606,272$6,347,544
56$6,973,599$6,001,411$5,735,014$6,707,380
57$7,623,977$6,234,551$5,866,209$7,094,795
58$8,338,775$6,477,197$5,999,879$7,512,299
59$9,124,503$6,729,752$6,136,047$7,962,645
60$9,988,333$6,992,640$6,274,735$8,448,858
61$10,938,167$7,266,304$6,415,963$8,974,260
62$11,982,711$7,551,204$6,559,749$9,542,497
63$13,131,558$7,847,823$6,706,111$10,157,578
64$14,395,275$8,156,665$6,855,064$10,823,904
65$15,785,507$8,478,255$7,006,623$11,546,315
66$17,315,082$8,813,143$7,160,798$12,330,127
67$18,998,138$9,161,904$7,317,602$13,181,188
68$20,850,248$9,525,137$7,477,041$14,105,922
69$22,888,573$9,903,469$7,639,122$15,111,397
70$25,132,023$10,297,555$7,803,849$16,205,383
71$27,601,433$10,708,078$7,971,221$17,396,425
72$30,319,759$11,135,755$8,141,237$18,693,925
73$33,312,299$11,581,331$8,313,893$20,108,221
74$36,606,926$12,045,588$8,489,180$21,650,690
75$40,234,352$12,529,342$8,667,088$23,333,847
76$44,228,422$13,033,446$8,847,602$25,171,464
77$48,626,428$13,558,792$9,030,703$27,178,696
78$53,469,461$14,106,310$9,216,369$29,372,220
79$58,802,803$14,676,976$9,404,574$31,770,392
80$64,676,348$15,271,807$9,595,287$34,393,415
81$71,145,078$15,891,868$9,788,472$37,263,529
82$78,269,579$16,538,272$9,984,088$40,405,213
83$86,116,611$17,212,183$10,182,090$43,845,417
84$94,759,742$17,914,816$10,382,427$47,613,812
85$104,280,038$18,647,445$10,585,040$51,743,065
86$114,766,831$19,411,398$10,789,868$56,269,142
87$126,318,558$20,208,068$10,996,840$61,231,649
88$139,043,696$21,038,908$11,205,878$66,674,193
89$153,061,778$21,905,439$11,416,900$72,644,798
90$168,504,526$22,809,253$11,629,813$79,196,348
91$185,517,094$23,752,012$11,844,518$86,387,084
92$204,259,435$24,735,458$12,060,907$94,281,146
93$224,907,811$25,761,410$12,278,861$102,949,176
94$247,656,460$26,831,771$12,498,256$112,468,978
95$272,719,426$27,948,534$12,718,954$122,926,247
96$300,332,577$29,113,782$12,940,808$134,415,373
97$330,755,836$30,329,694$13,163,661$147,040,323
98$364,275,631$31,598,549$13,387,344$160,915,618
99$401,207,601$32,922,733$13,611,676$176,167,407
100$441,899,571$34,304,742$13,836,462$192,934,651