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

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$462,443$458,324$454,305$450,382$446,552$442,995
2 years$228,932$224,668$220,536$216,530$212,644$209,059
3 years$151,105$146,823$142,702$138,733$134,910$131,407
4 years$112,200$107,931$103,850$99,949$96,219$92,826
5 years$88,862$84,619$80,592$76,771$73,144$69,870
6 years$73,309$69,098$65,130$61,394$57,876$54,726
7 years$62,204$58,028$54,124$50,475$47,069$44,044
8 years$53,879$49,741$45,901$42,343$39,048$36,148
9 years$47,408$43,308$39,535$36,066$32,884$30,109
10 years$42,233$38,174$34,467$31,090$28,019$25,366
11 years$38,003$33,984$30,344$27,057$24,097$21,565
12 years$34,480$30,502$26,930$23,733$20,882$18,468
13 years$31,501$27,565$24,060$20,953$18,210$15,911
14 years$28,950$25,056$21,618$18,599$15,963$13,777
15 years$26,741$22,889$19,518$16,587$14,055$11,979
16 years$24,810$21,000$17,696$14,852$12,422$10,453
17 years$23,108$19,341$16,103$13,345$11,014$9,148
18 years$21,597$17,872$14,700$12,026$9,793$8,027
19 years$20,247$16,563$13,457$10,867$8,729$7,059
20 years$19,033$15,391$12,350$9,842$7,797$6,220
21 years$17,936$14,336$11,360$8,932$6,977$5,490
22 years$16,940$13,383$10,470$8,121$6,254$4,852
23 years$16,032$12,516$9,667$7,396$5,614$4,294
24 years$15,201$11,727$8,940$6,746$5,046$3,804
25 years$14,438$11,005$8,280$6,161$4,541$3,374
26 years$13,734$10,343$7,680$5,633$4,090$2,995
27 years$13,084$9,734$7,131$5,156$3,687$2,660
28 years$12,481$9,172$6,629$4,724$3,327$2,365
29 years$11,921$8,653$6,169$4,332$3,004$2,103
30 years$11,399$8,172$5,746$3,976$2,715$1,872
31 years$10,912$7,725$5,357$3,651$2,454$1,666
32 years$10,456$7,310$4,998$3,356$2,220$1,484
33 years$10,029$6,922$4,667$3,086$2,009$1,322
34 years$9,627$6,561$4,361$2,839$1,819$1,178
35 years$9,250$6,223$4,077$2,614$1,648$1,051
36 years$8,894$5,906$3,814$2,407$1,493$937
37 years$8,558$5,610$3,570$2,218$1,353$836
38 years$8,241$5,331$3,343$2,044$1,227$746
39 years$7,941$5,069$3,132$1,885$1,112$665
40 years$7,656$4,823$2,936$1,739$1,009$594
41 years$7,386$4,591$2,753$1,604$915$530
42 years$7,130$4,372$2,582$1,480$831$473
43 years$6,886$4,166$2,423$1,367$754$422
44 years$6,654$3,971$2,274$1,262$684$377
45 years$6,432$3,787$2,135$1,165$621$337
46 years$6,221$3,613$2,006$1,076$564$301
47 years$6,020$3,447$1,884$994$512$269
48 years$5,828$3,291$1,771$919$465$240
49 years$5,644$3,143$1,664$849$422$214
50 years$5,468$3,002$1,565$785$384$191

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 $5,124 every year, while hoping to spend $34,098 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: 49/27/24 Blend
53$5,600,000$5,600,000$5,600,000$5,600,000
54$6,176,485$5,879,685$5,792,885$6,436,973
55$6,770,207$6,131,510$5,950,667$6,870,992
56$7,423,345$6,394,531$6,112,592$7,338,415
57$8,141,925$6,669,262$6,278,762$7,845,546
58$8,932,583$6,956,238$6,449,283$8,396,149
59$9,802,635$7,256,022$6,624,262$8,994,358
60$10,760,138$7,569,201$6,803,809$9,644,720
61$11,813,972$7,896,392$6,988,036$10,352,230
62$12,973,921$8,238,238$7,177,059$11,122,383
63$14,250,764$8,595,415$7,370,994$11,961,221
64$15,656,381$8,968,629$7,569,961$12,875,388
65$17,203,860$9,358,620$7,774,083$13,872,190
66$18,907,623$9,766,162$7,983,484$14,959,668
67$20,783,563$10,192,066$8,198,293$16,146,662
68$22,849,190$10,637,182$8,418,640$17,442,902
69$25,123,801$11,102,397$8,644,658$18,859,093
70$27,628,658$11,588,644$8,876,483$20,407,014
71$30,387,191$12,096,898$9,114,255$22,099,626
72$33,425,217$12,628,178$9,358,116$23,951,194
73$36,771,186$13,183,555$9,608,209$25,977,421
74$40,456,446$13,764,149$9,864,683$28,195,588
75$44,515,543$14,371,131$10,127,689$30,624,717
76$48,986,542$15,005,731$10,397,381$33,285,751
77$53,911,392$15,669,234$10,673,915$36,201,743
78$59,336,315$16,362,987$10,957,452$39,398,074
79$65,312,248$17,088,403$11,248,156$42,902,690
80$71,895,321$17,846,958$11,546,192$46,746,359
81$79,147,385$18,640,200$11,851,732$50,962,962
82$87,136,600$19,469,752$12,164,947$55,589,805
83$95,938,075$20,337,312$12,486,014$60,667,970
84$105,634,578$21,244,659$12,815,114$66,242,699
85$116,317,314$22,193,656$13,152,430$72,363,815
86$128,086,791$23,186,257$13,498,148$79,086,190
87$141,053,766$24,224,506$13,852,458$86,470,257
88$155,340,290$25,310,546$14,215,555$94,582,575
89$171,080,859$26,446,622$14,587,635$103,496,456
90$188,423,685$27,635,085$14,968,900$113,292,646
91$207,532,096$28,878,399$15,359,553$124,060,088
92$228,586,074$30,179,145$15,759,802$135,896,752
93$251,783,958$31,540,028$16,169,860$148,910,556
94$277,344,312$32,963,879$16,589,941$163,220,375
95$305,507,992$34,453,669$17,020,264$178,957,162
96$336,540,415$36,012,508$17,461,051$196,265,174
97$370,734,070$37,643,653$17,912,529$215,303,328
98$408,411,274$39,350,520$18,374,927$236,246,694
99$449,927,216$41,136,688$18,848,479$259,288,137
100$495,673,310$43,005,904$19,333,421$284,640,135