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

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$454,185$450,139$446,192$442,340$438,578$423,185
2 years$224,844$220,656$216,598$212,663$208,847$193,500
3 years$148,407$144,201$140,153$136,255$132,501$117,683
4 years$110,196$106,003$101,996$98,164$94,501$80,325
5 years$87,275$83,108$79,153$75,400$71,838$58,341
6 years$72,000$67,864$63,967$60,298$56,843$44,036
7 years$61,093$56,992$53,157$49,574$46,229$34,108
8 years$52,917$48,853$45,081$41,586$38,351$26,908
9 years$46,561$42,535$38,829$35,422$32,297$21,516
10 years$41,479$37,493$33,852$30,534$27,519$17,382
11 years$37,324$33,377$29,802$26,574$23,667$14,154
12 years$33,864$29,958$26,449$23,309$20,509$11,597
13 years$30,938$27,073$23,630$20,578$17,885$9,550
14 years$28,433$24,609$21,232$18,267$15,677$7,895
15 years$26,263$22,480$19,170$16,291$13,804$6,548
16 years$24,367$20,625$17,380$14,587$12,200$5,446
17 years$22,696$18,995$15,815$13,106$10,817$4,539
18 years$21,211$17,552$14,437$11,811$9,618$3,789
19 years$19,885$16,267$13,217$10,673$8,573$3,169
20 years$18,693$15,116$12,130$9,666$7,657$2,653
21 years$17,615$14,080$11,157$8,773$6,853$2,223
22 years$16,637$13,144$10,283$7,976$6,142$1,865
23 years$15,746$12,293$9,494$7,264$5,514$1,565
24 years$14,930$11,518$8,781$6,625$4,956$1,314
25 years$14,180$10,809$8,133$6,051$4,459$1,104
26 years$13,489$10,158$7,543$5,532$4,017$928
27 years$12,850$9,560$7,004$5,064$3,622$781
28 years$12,258$9,009$6,511$4,640$3,268$657
29 years$11,708$8,499$6,059$4,255$2,951$552
30 years$11,196$8,026$5,644$3,905$2,666$465
31 years$10,717$7,587$5,262$3,586$2,411$391
32 years$10,269$7,179$4,909$3,296$2,180$329
33 years$9,850$6,799$4,584$3,031$1,973$277
34 years$9,456$6,444$4,283$2,789$1,787$234
35 years$9,085$6,112$4,004$2,567$1,618$197
36 years$8,735$5,801$3,746$2,364$1,466$166
37 years$8,405$5,510$3,506$2,178$1,329$139
38 years$8,094$5,236$3,283$2,008$1,205$117
39 years$7,799$4,979$3,076$1,851$1,092$99
40 years$7,519$4,737$2,883$1,708$991$83
41 years$7,254$4,509$2,703$1,575$899$70
42 years$7,002$4,294$2,536$1,454$816$59
43 years$6,763$4,092$2,380$1,342$740$50
44 years$6,535$3,900$2,234$1,239$672$42
45 years$6,318$3,719$2,097$1,144$610$35
46 years$6,110$3,548$1,970$1,057$554$30
47 years$5,913$3,386$1,851$977$503$25
48 years$5,724$3,232$1,739$902$457$21
49 years$5,543$3,087$1,635$834$415$18
50 years$5,370$2,949$1,537$771$377$15

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 $4,264 every year, while hoping to spend $36,590 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: 85/10/5 Blend
53$5,500,000$5,500,000$5,500,000$5,500,000
54$6,065,398$5,773,898$5,688,648$6,580,691
55$6,645,137$6,017,888$5,840,287$7,161,205
56$7,282,784$6,272,607$5,995,778$7,793,357
57$7,984,205$6,538,541$6,155,214$8,486,632
58$8,755,866$6,816,202$6,318,686$9,247,143
59$9,604,891$7,106,123$6,486,289$10,081,624
60$10,539,128$7,408,861$6,658,117$10,997,489
61$11,567,225$7,725,001$6,834,271$12,002,907
62$12,698,711$8,055,155$7,014,848$13,106,872
63$13,944,085$8,399,963$7,199,950$14,319,292
64$15,314,915$8,760,095$7,389,682$15,651,077
65$16,823,949$9,136,252$7,584,149$17,114,248
66$18,485,232$9,529,168$7,783,458$18,722,044
67$20,314,240$9,939,613$7,987,719$20,489,048
68$22,328,029$10,368,390$8,197,043$22,431,326
69$24,545,388$10,816,342$8,411,545$24,566,572
70$26,987,026$11,284,350$8,631,339$26,914,282
71$29,675,757$11,773,338$8,856,544$29,495,931
72$32,636,725$12,284,272$9,087,279$32,335,177
73$35,897,633$12,818,164$9,323,665$35,458,085
74$39,489,011$13,376,073$9,565,827$38,893,367
75$43,444,499$13,959,110$9,813,891$42,672,658
76$47,801,167$14,568,434$10,067,985$46,830,810
77$52,599,862$15,205,264$10,328,239$51,406,219
78$57,885,598$15,870,872$10,594,785$56,441,190
79$63,707,977$16,566,592$10,867,758$61,982,333
80$70,121,656$17,293,821$11,147,294$68,080,998
81$77,186,868$18,054,022$11,433,531$74,793,767
82$84,969,985$18,848,725$11,726,611$82,182,978
83$93,544,147$19,679,536$12,026,676$90,317,318
84$102,989,951$20,548,134$12,333,870$99,272,465
85$113,396,212$21,456,279$12,648,341$109,131,806
86$124,860,802$22,405,813$12,970,237$119,987,218
87$137,491,573$23,398,667$13,299,709$131,939,936
88$151,407,374$24,436,863$13,636,910$145,101,507
89$166,739,175$25,522,517$13,981,995$159,594,840
90$183,631,298$26,657,848$14,335,120$175,555,365
91$202,242,788$27,845,180$14,696,443$193,132,308
92$222,748,904$29,086,945$15,066,126$212,490,101
93$245,342,780$30,385,693$15,444,329$233,809,927
94$270,237,246$31,744,095$15,831,217$257,291,434
95$297,666,837$33,164,948$16,226,955$283,154,613
96$327,890,007$34,651,183$16,631,710$311,641,873
97$361,191,566$36,205,869$17,045,650$343,020,329
98$397,885,373$37,832,223$17,468,947$377,584,316
99$438,317,294$39,533,616$17,901,770$415,658,173
100$482,868,471$41,313,576$18,344,292$457,599,294