Can I retire at age 54 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$454,185$450,139$446,192$442,340$438,578$424,030
2 years$224,844$220,656$216,598$212,663$208,847$194,331
3 years$148,407$144,201$140,153$136,255$132,501$118,473
4 years$110,196$106,003$101,996$98,164$94,501$81,068
5 years$87,275$83,108$79,153$75,400$71,838$59,037
6 years$72,000$67,864$63,967$60,298$56,843$44,683
7 years$61,093$56,992$53,157$49,574$46,229$34,709
8 years$52,917$48,853$45,081$41,586$38,351$27,463
9 years$46,561$42,535$38,829$35,422$32,297$22,027
10 years$41,479$37,493$33,852$30,534$27,519$17,851
11 years$37,324$33,377$29,802$26,574$23,667$14,583
12 years$33,864$29,958$26,449$23,309$20,509$11,989
13 years$30,938$27,073$23,630$20,578$17,885$9,906
14 years$28,433$24,609$21,232$18,267$15,677$8,218
15 years$26,263$22,480$19,170$16,291$13,804$6,841
16 years$24,367$20,625$17,380$14,587$12,200$5,709
17 years$22,696$18,995$15,815$13,106$10,817$4,776
18 years$21,211$17,552$14,437$11,811$9,618$4,002
19 years$19,885$16,267$13,217$10,673$8,573$3,359
20 years$18,693$15,116$12,130$9,666$7,657$2,823
21 years$17,615$14,080$11,157$8,773$6,853$2,375
22 years$16,637$13,144$10,283$7,976$6,142$2,000
23 years$15,746$12,293$9,494$7,264$5,514$1,685
24 years$14,930$11,518$8,781$6,625$4,956$1,421
25 years$14,180$10,809$8,133$6,051$4,459$1,199
26 years$13,489$10,158$7,543$5,532$4,017$1,012
27 years$12,850$9,560$7,004$5,064$3,622$854
28 years$12,258$9,009$6,511$4,640$3,268$721
29 years$11,708$8,499$6,059$4,255$2,951$610
30 years$11,196$8,026$5,644$3,905$2,666$515
31 years$10,717$7,587$5,262$3,586$2,411$435
32 years$10,269$7,179$4,909$3,296$2,180$368
33 years$9,850$6,799$4,584$3,031$1,973$311
34 years$9,456$6,444$4,283$2,789$1,787$263
35 years$9,085$6,112$4,004$2,567$1,618$222
36 years$8,735$5,801$3,746$2,364$1,466$188
37 years$8,405$5,510$3,506$2,178$1,329$159
38 years$8,094$5,236$3,283$2,008$1,205$135
39 years$7,799$4,979$3,076$1,851$1,092$114
40 years$7,519$4,737$2,883$1,708$991$96
41 years$7,254$4,509$2,703$1,575$899$81
42 years$7,002$4,294$2,536$1,454$816$69
43 years$6,763$4,092$2,380$1,342$740$58
44 years$6,535$3,900$2,234$1,239$672$49
45 years$6,318$3,719$2,097$1,144$610$42
46 years$6,110$3,548$1,970$1,057$554$35
47 years$5,913$3,386$1,851$977$503$30
48 years$5,724$3,232$1,739$902$457$25
49 years$5,543$3,087$1,635$834$415$21
50 years$5,370$2,949$1,537$771$377$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,500,000, adding $2,869 every year, while hoping to spend $59,972 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: 75/9/16 Blend
53$5,500,000$5,500,000$5,500,000$5,500,000
54$6,063,959$5,772,459$5,687,209$6,497,022
55$6,618,673$5,991,500$5,813,921$7,002,886
56$7,227,958$6,219,264$5,942,868$7,549,459
57$7,897,317$6,456,115$6,074,061$8,146,918
58$8,632,812$6,702,433$6,207,510$8,800,311
59$9,441,121$6,958,614$6,343,224$9,515,197
60$10,329,602$7,225,073$6,481,209$10,297,696
61$11,306,361$7,502,241$6,621,469$11,154,551
62$12,380,328$7,790,570$6,764,007$12,093,185
63$13,561,343$8,090,529$6,908,822$13,121,775
64$14,860,245$8,402,610$7,055,913$14,249,326
65$16,288,978$8,727,326$7,205,274$15,485,758
66$17,860,701$9,065,212$7,356,898$16,841,996
67$19,589,912$9,416,827$7,510,773$18,330,074
68$21,492,587$9,782,755$7,666,888$19,963,248
69$23,586,326$10,163,606$7,825,224$21,756,122
70$25,890,524$10,560,015$7,985,762$23,724,781
71$28,426,550$10,972,647$8,148,477$25,886,945
72$31,217,948$11,402,198$8,313,341$28,262,136
73$34,290,664$11,849,390$8,480,323$30,871,861
74$37,673,284$12,314,983$8,649,386$33,739,813
75$41,397,308$12,799,766$8,820,490$36,892,093
76$45,497,445$13,304,566$8,993,587$40,357,460
77$50,011,940$13,830,246$9,168,629$44,167,598
78$54,982,938$14,377,707$9,345,557$48,357,413
79$60,456,875$14,947,892$9,524,311$52,965,366
80$66,484,923$15,541,786$9,704,822$58,033,831
81$73,123,467$16,160,415$9,887,015$63,609,497
82$80,434,640$16,804,855$10,070,811$69,743,804
83$88,486,910$17,476,230$10,256,119$76,493,432
84$97,355,721$18,175,711$10,442,845$83,920,833
85$107,124,210$18,904,527$10,630,886$92,094,817
86$117,883,989$19,663,957$10,820,130$101,091,205
87$129,736,007$20,455,343$11,010,456$110,993,539
88$142,791,509$21,280,084$11,201,735$121,893,873
89$157,173,079$22,139,644$11,393,829$133,893,638
90$173,015,799$23,035,552$11,586,588$147,104,602
91$190,468,525$23,969,409$11,779,854$161,649,917
92$209,695,290$24,942,886$11,973,454$177,665,288
93$230,876,853$25,957,730$12,167,208$195,300,247
94$254,212,404$27,015,771$12,360,922$214,719,565
95$279,921,443$28,118,918$12,554,387$236,104,806
96$308,245,855$29,269,169$12,747,383$259,656,041
97$339,452,188$30,468,614$12,939,676$285,593,731
98$373,834,172$31,719,438$13,131,017$314,160,810
99$411,715,492$33,023,925$13,321,140$345,624,974
100$453,452,839$34,384,463$13,509,765$380,281,209