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%12.4%
1 years$445,927$441,955$438,080$434,297$430,604$426,284
2 years$220,756$216,645$212,660$208,797$205,049$200,699
3 years$145,709$141,580$137,605$133,778$130,092$125,845
4 years$108,192$104,076$100,141$96,380$92,783$88,672
5 years$85,689$81,597$77,714$74,029$70,532$66,570
6 years$70,691$66,630$62,804$59,201$55,809$52,001
7 years$59,983$55,956$52,191$48,673$45,388$41,735
8 years$51,955$47,964$44,262$40,830$37,654$34,156
9 years$45,714$41,762$38,123$34,778$31,710$28,366
10 years$40,725$36,811$33,236$29,979$27,018$23,826
11 years$36,645$32,771$29,261$26,091$23,237$20,193
12 years$33,248$29,413$25,968$22,885$20,136$17,239
13 years$30,376$26,581$23,201$20,204$17,559$14,805
14 years$27,916$24,161$20,846$17,935$15,392$12,777
15 years$25,786$22,072$18,821$15,995$13,553$11,072
16 years$23,924$20,250$17,064$14,322$11,978$9,628
17 years$22,283$18,650$15,528$12,868$10,620$8,397
18 years$20,826$17,233$14,175$11,597$9,443$7,342
19 years$19,523$15,972$12,976$10,479$8,417$6,433
20 years$18,353$14,842$11,909$9,490$7,518$5,648
21 years$17,295$13,824$10,954$8,613$6,728$4,966
22 years$16,335$12,905$10,096$7,831$6,031$4,373
23 years$15,459$12,069$9,322$7,132$5,413$3,855
24 years$14,658$11,308$8,621$6,505$4,866$3,403
25 years$13,922$10,612$7,985$5,941$4,378$3,006
26 years$13,244$9,974$7,405$5,432$3,944$2,658
27 years$12,617$9,386$6,877$4,972$3,556$2,351
28 years$12,035$8,845$6,393$4,555$3,208$2,082
29 years$11,495$8,344$5,949$4,177$2,897$1,844
30 years$10,992$7,880$5,541$3,834$2,618$1,634
31 years$10,522$7,449$5,166$3,521$2,367$1,449
32 years$10,083$7,049$4,820$3,236$2,141$1,285
33 years$9,671$6,675$4,500$2,976$1,937$1,141
34 years$9,284$6,326$4,205$2,738$1,754$1,012
35 years$8,920$6,001$3,931$2,520$1,589$899
36 years$8,576$5,695$3,678$2,321$1,440$798
37 years$8,253$5,409$3,442$2,139$1,305$709
38 years$7,947$5,141$3,223$1,971$1,183$630
39 years$7,657$4,888$3,020$1,818$1,073$560
40 years$7,383$4,651$2,831$1,676$973$497
41 years$7,122$4,427$2,654$1,547$883$442
42 years$6,875$4,216$2,490$1,427$801$393
43 years$6,640$4,017$2,336$1,318$727$349
44 years$6,416$3,829$2,193$1,217$660$310
45 years$6,203$3,652$2,059$1,124$599$276
46 years$5,999$3,484$1,934$1,038$544$245
47 years$5,805$3,324$1,817$959$494$218
48 years$5,619$3,174$1,707$886$448$194
49 years$5,442$3,031$1,605$819$407$173
50 years$5,272$2,895$1,509$757$370$153

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 $3,445 every year, while hoping to spend $52,249 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: 54/31/15 Blend
53$5,400,000$5,400,000$5,400,000$5,400,000
54$5,954,354$5,668,154$5,584,454$6,252,006
55$6,506,105$5,890,301$5,715,940$6,677,419
56$7,112,384$6,121,582$5,850,080$7,134,341
57$7,778,697$6,362,389$5,986,908$7,630,507
58$8,511,111$6,613,133$6,126,456$8,169,665
59$9,316,309$6,874,241$6,268,757$8,755,937
60$10,201,655$7,146,161$6,413,843$9,393,855
61$11,175,261$7,429,361$6,561,744$10,088,405
62$12,246,066$7,724,328$6,712,491$10,845,068
63$13,423,917$8,031,572$6,866,112$11,669,875
64$14,719,665$8,351,627$7,022,635$12,569,461
65$16,145,264$8,685,050$7,182,086$13,551,126
66$17,713,886$9,032,423$7,344,491$14,622,900
67$19,440,045$9,394,353$7,509,874$15,793,623
68$21,339,730$9,771,478$7,678,256$17,073,020
69$23,430,564$10,164,461$7,849,658$18,471,796
70$25,731,958$10,573,997$8,024,099$20,001,733
71$28,265,307$11,000,811$8,201,595$21,675,800
72$31,054,181$11,445,664$8,382,161$23,508,273
73$34,124,552$11,909,347$8,565,808$25,514,869
74$37,505,042$12,392,690$8,752,548$27,712,889
75$41,227,185$12,896,560$8,942,387$30,121,382
76$45,325,730$13,421,864$9,135,329$32,761,324
77$49,838,968$13,969,549$9,331,376$35,655,808
78$54,809,091$14,540,605$9,530,526$38,830,266
79$60,282,594$15,136,070$9,732,774$42,312,699
80$66,310,707$15,757,026$9,938,111$46,133,948
81$72,949,886$16,404,607$10,146,524$50,327,972
82$80,262,339$17,079,997$10,357,997$54,932,176
83$88,316,616$17,784,436$10,572,508$59,987,751
84$97,188,256$18,519,219$10,790,033$65,540,066
85$106,960,499$19,285,701$11,010,540$71,639,093
86$117,725,070$20,085,301$11,233,993$78,339,872
87$129,583,048$20,919,501$11,460,353$85,703,027
88$142,645,815$21,789,853$11,689,571$93,795,338
89$157,036,111$22,697,979$11,921,594$102,690,365
90$172,889,191$23,645,576$12,156,364$112,469,139
91$190,354,099$24,634,421$12,393,813$123,220,920
92$209,595,081$25,666,370$12,633,869$135,044,040
93$230,793,125$26,743,368$12,876,450$148,046,823
94$254,147,679$27,867,449$13,121,467$162,348,603
95$279,878,528$29,040,740$13,368,821$178,080,847
96$308,227,869$30,265,467$13,618,408$195,388,390
97$339,462,597$31,543,960$13,870,110$214,430,795
98$373,876,825$32,878,657$14,123,802$235,383,858
99$411,794,659$34,272,110$14,379,347$258,441,256
100$453,573,258$35,726,987$14,636,599$283,816,373