Can I retire at age 54 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$462,443$458,324$454,305$450,382$446,552$440,789
2 years$228,932$224,668$220,536$216,530$212,644$206,846
3 years$151,105$146,823$142,702$138,733$134,910$129,258
4 years$112,200$107,931$103,850$99,949$96,219$90,755
5 years$88,862$84,619$80,592$76,771$73,144$67,885
6 years$73,309$69,098$65,130$61,394$57,876$52,829
7 years$62,204$58,028$54,124$50,475$47,069$42,234
8 years$53,879$49,741$45,901$42,343$39,048$34,426
9 years$47,408$43,308$39,535$36,066$32,884$28,472
10 years$42,233$38,174$34,467$31,090$28,019$23,814
11 years$38,003$33,984$30,344$27,057$24,097$20,096
12 years$34,480$30,502$26,930$23,733$20,882$17,080
13 years$31,501$27,565$24,060$20,953$18,210$14,601
14 years$28,950$25,056$21,618$18,599$15,963$12,543
15 years$26,741$22,889$19,518$16,587$14,055$10,818
16 years$24,810$21,000$17,696$14,852$12,422$9,362
17 years$23,108$19,341$16,103$13,345$11,014$8,125
18 years$21,597$17,872$14,700$12,026$9,793$7,069
19 years$20,247$16,563$13,457$10,867$8,729$6,162
20 years$19,033$15,391$12,350$9,842$7,797$5,382
21 years$17,936$14,336$11,360$8,932$6,977$4,708
22 years$16,940$13,383$10,470$8,121$6,254$4,124
23 years$16,032$12,516$9,667$7,396$5,614$3,616
24 years$15,201$11,727$8,940$6,746$5,046$3,174
25 years$14,438$11,005$8,280$6,161$4,541$2,789
26 years$13,734$10,343$7,680$5,633$4,090$2,452
27 years$13,084$9,734$7,131$5,156$3,687$2,157
28 years$12,481$9,172$6,629$4,724$3,327$1,899
29 years$11,921$8,653$6,169$4,332$3,004$1,673
30 years$11,399$8,172$5,746$3,976$2,715$1,474
31 years$10,912$7,725$5,357$3,651$2,454$1,300
32 years$10,456$7,310$4,998$3,356$2,220$1,146
33 years$10,029$6,922$4,667$3,086$2,009$1,011
34 years$9,627$6,561$4,361$2,839$1,819$892
35 years$9,250$6,223$4,077$2,614$1,648$787
36 years$8,894$5,906$3,814$2,407$1,493$695
37 years$8,558$5,610$3,570$2,218$1,353$614
38 years$8,241$5,331$3,343$2,044$1,227$542
39 years$7,941$5,069$3,132$1,885$1,112$479
40 years$7,656$4,823$2,936$1,739$1,009$423
41 years$7,386$4,591$2,753$1,604$915$374
42 years$7,130$4,372$2,582$1,480$831$330
43 years$6,886$4,166$2,423$1,367$754$292
44 years$6,654$3,971$2,274$1,262$684$258
45 years$6,432$3,787$2,135$1,165$621$228
46 years$6,221$3,613$2,006$1,076$564$201
47 years$6,020$3,447$1,884$994$512$178
48 years$5,828$3,291$1,771$919$465$157
49 years$5,644$3,143$1,664$849$422$139
50 years$5,468$3,002$1,565$785$384$123

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,600,000, adding $6,027 every year, while hoping to spend $56,304 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: 65/29/6 Blend
53$5,600,000$5,600,000$5,600,000$5,600,000
54$6,177,417$5,880,617$5,793,817$6,572,588
55$6,747,606$6,108,860$5,928,003$7,064,226
56$7,374,068$6,346,400$6,064,797$7,593,861
57$8,062,482$6,593,633$6,204,227$8,170,989
58$8,819,107$6,850,973$6,346,320$8,800,222
59$9,650,837$7,118,851$6,491,102$9,486,630
60$10,565,266$7,397,719$6,638,598$10,235,792
61$11,570,764$7,688,048$6,788,832$11,053,849
62$12,676,549$7,990,329$6,941,825$11,947,555
63$13,892,780$8,305,078$7,097,599$12,924,344
64$15,230,648$8,632,832$7,256,173$13,992,398
65$16,702,484$8,974,150$7,417,565$15,160,720
66$18,321,874$9,329,620$7,581,790$16,439,222
67$20,103,788$9,699,854$7,748,862$17,838,815
68$22,064,718$10,085,491$7,918,793$19,371,508
69$24,222,840$10,487,200$8,091,593$21,050,522
70$26,598,176$10,905,680$8,267,269$22,890,416
71$29,212,793$11,341,661$8,445,824$24,907,215
72$32,091,000$11,795,905$8,627,262$27,118,568
73$35,259,588$12,269,209$8,811,581$29,543,904
74$38,748,073$12,762,408$8,998,776$32,204,623
75$42,588,983$13,276,372$9,188,841$35,124,286
76$46,818,156$13,812,011$9,381,764$38,328,842
77$51,475,085$14,370,277$9,577,531$41,846,869
78$56,603,288$14,952,165$9,776,122$45,709,839
79$62,250,716$15,558,714$9,977,515$49,952,416
80$68,470,210$16,191,012$10,181,683$54,612,779
81$75,319,994$16,850,194$10,388,592$59,732,978
82$82,864,230$17,537,450$10,598,207$65,359,332
83$91,173,618$18,254,022$10,810,483$71,542,858
84$100,326,067$19,001,209$11,025,374$78,339,755
85$110,407,427$19,780,370$11,242,825$85,811,929
86$121,512,301$20,592,924$11,462,776$94,027,571
87$133,744,937$21,440,358$11,685,160$103,061,803
88$147,220,210$22,324,225$11,909,903$112,997,379
89$162,064,710$23,246,151$12,136,923$123,925,464
90$178,417,931$24,207,833$12,366,131$135,946,490
91$196,433,595$25,211,051$12,597,431$149,171,103
92$216,281,092$26,257,664$12,830,715$163,721,197
93$238,147,089$27,349,615$13,065,870$179,731,065
94$262,237,286$28,488,940$13,302,770$197,348,663
95$288,778,357$29,677,766$13,541,281$216,736,998
96$318,020,093$30,918,320$13,781,257$238,075,661
97$350,237,755$32,212,931$14,022,543$261,562,524
98$385,734,678$33,564,035$14,264,969$287,415,595
99$424,845,125$34,974,183$14,508,356$315,875,072
100$467,937,451$36,446,042$14,752,509$347,205,610