Can I retire at age 54 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$445,927$441,955$438,080$434,297$430,604$414,009
2 years$220,756$216,645$212,660$208,797$205,049$188,529
3 years$145,709$141,580$137,605$133,778$130,092$114,165
4 years$108,192$104,076$100,141$96,380$92,783$77,571
5 years$85,689$81,597$77,714$74,029$70,532$56,074
6 years$70,691$66,630$62,804$59,201$55,809$42,115
7 years$59,983$55,956$52,191$48,673$45,388$32,453
8 years$51,955$47,964$44,262$40,830$37,654$25,466
9 years$45,714$41,762$38,123$34,778$31,710$20,251
10 years$40,725$36,811$33,236$29,979$27,018$16,267
11 years$36,645$32,771$29,261$26,091$23,237$13,168
12 years$33,248$29,413$25,968$22,885$20,136$10,725
13 years$30,376$26,581$23,201$20,204$17,559$8,777
14 years$27,916$24,161$20,846$17,935$15,392$7,211
15 years$25,786$22,072$18,821$15,995$13,553$5,943
16 years$23,924$20,250$17,064$14,322$11,978$4,910
17 years$22,283$18,650$15,528$12,868$10,620$4,065
18 years$20,826$17,233$14,175$11,597$9,443$3,371
19 years$19,523$15,972$12,976$10,479$8,417$2,800
20 years$18,353$14,842$11,909$9,490$7,518$2,328
21 years$17,295$13,824$10,954$8,613$6,728$1,937
22 years$16,335$12,905$10,096$7,831$6,031$1,613
23 years$15,459$12,069$9,322$7,132$5,413$1,345
24 years$14,658$11,308$8,621$6,505$4,866$1,121
25 years$13,922$10,612$7,985$5,941$4,378$935
26 years$13,244$9,974$7,405$5,432$3,944$781
27 years$12,617$9,386$6,877$4,972$3,556$652
28 years$12,035$8,845$6,393$4,555$3,208$544
29 years$11,495$8,344$5,949$4,177$2,897$454
30 years$10,992$7,880$5,541$3,834$2,618$380
31 years$10,522$7,449$5,166$3,521$2,367$317
32 years$10,083$7,049$4,820$3,236$2,141$265
33 years$9,671$6,675$4,500$2,976$1,937$221
34 years$9,284$6,326$4,205$2,738$1,754$185
35 years$8,920$6,001$3,931$2,520$1,589$155
36 years$8,576$5,695$3,678$2,321$1,440$129
37 years$8,253$5,409$3,442$2,139$1,305$108
38 years$7,947$5,141$3,223$1,971$1,183$90
39 years$7,657$4,888$3,020$1,818$1,073$76
40 years$7,383$4,651$2,831$1,676$973$63
41 years$7,122$4,427$2,654$1,547$883$53
42 years$6,875$4,216$2,490$1,427$801$44
43 years$6,640$4,017$2,336$1,318$727$37
44 years$6,416$3,829$2,193$1,217$660$31
45 years$6,203$3,652$2,059$1,124$599$26
46 years$5,999$3,484$1,934$1,038$544$22
47 years$5,805$3,324$1,817$959$494$18
48 years$5,619$3,174$1,707$886$448$15
49 years$5,442$3,031$1,605$819$407$13
50 years$5,272$2,895$1,509$757$370$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,400,000, adding $2,479 every year, while hoping to spend $56,287 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: 70/13/17 Blend
53$5,400,000$5,400,000$5,400,000$5,400,000
54$5,953,357$5,667,157$5,583,457$6,346,022
55$6,500,711$5,884,959$5,710,614$6,825,505
56$7,102,008$6,111,546$5,840,144$7,343,160
57$7,762,691$6,347,291$5,972,068$7,908,301
58$8,488,757$6,592,579$6,106,403$8,525,608
59$9,286,811$6,847,817$6,243,169$9,200,235
60$10,164,131$7,113,425$6,382,380$9,937,858
61$11,128,735$7,389,845$6,524,052$10,744,724
62$12,189,456$7,677,538$6,668,198$11,627,712
63$13,356,026$7,976,983$6,814,829$12,594,398
64$14,639,170$8,288,684$6,963,954$13,653,123
65$16,050,699$8,613,164$7,115,581$14,813,075
66$17,603,633$8,950,971$7,269,715$16,084,370
67$19,312,312$9,302,677$7,426,359$17,478,150
68$21,192,539$9,668,879$7,585,513$19,006,687
69$23,261,726$10,050,203$7,747,176$20,683,498
70$25,539,058$10,447,298$7,911,342$22,523,470
71$28,045,674$10,860,848$8,078,004$24,543,002
72$30,804,866$11,291,563$8,247,150$26,760,156
73$33,842,299$11,740,186$8,418,767$29,194,830
74$37,186,254$12,207,496$8,592,836$31,868,941
75$40,867,891$12,694,303$8,769,336$34,806,636
76$44,921,548$13,201,455$8,948,240$38,034,513
77$49,385,059$13,729,840$9,129,519$41,581,873
78$54,300,116$14,280,383$9,313,139$45,480,998
79$59,712,658$14,854,052$9,499,060$49,767,452
80$65,673,309$15,451,861$9,687,239$54,480,414
81$72,237,851$16,074,866$9,877,625$59,663,052
82$79,467,750$16,724,172$10,070,164$65,362,923
83$87,430,740$17,400,937$10,264,794$71,632,424
84$96,201,460$18,106,367$10,461,449$78,529,283
85$105,862,156$18,841,726$10,660,054$86,117,106
86$116,503,459$19,608,334$10,860,530$94,465,971
87$128,225,241$20,407,572$11,062,787$103,653,094
88$141,137,556$21,240,883$11,266,730$113,763,549
89$155,361,677$22,109,777$11,472,256$124,891,074
90$171,031,243$23,015,831$11,679,252$137,138,957
91$188,293,520$23,960,696$11,887,596$150,620,999
92$207,310,786$24,946,098$12,097,158$165,462,598
93$228,261,871$25,973,841$12,307,797$181,801,922
94$251,343,836$27,045,813$12,519,363$199,791,217
95$276,773,838$28,163,989$12,731,692$219,598,239
96$304,791,177$29,330,432$12,944,612$241,407,836
97$335,659,557$30,547,303$13,157,936$265,423,691
98$369,669,572$31,816,861$13,371,467$291,870,241
99$407,141,449$33,141,468$13,584,992$320,994,797
100$448,428,074$34,523,597$13,798,286$353,069,871