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%12.9%
1 years$462,443$458,324$454,305$450,382$446,552$441,155
2 years$228,932$224,668$220,536$216,530$212,644$207,212
3 years$151,105$146,823$142,702$138,733$134,910$129,613
4 years$112,200$107,931$103,850$99,949$96,219$91,097
5 years$88,862$84,619$80,592$76,771$73,144$68,212
6 years$73,309$69,098$65,130$61,394$57,876$53,140
7 years$62,204$58,028$54,124$50,475$47,069$42,531
8 years$53,879$49,741$45,901$42,343$39,048$34,707
9 years$47,408$43,308$39,535$36,066$32,884$28,739
10 years$42,233$38,174$34,467$31,090$28,019$24,067
11 years$38,003$33,984$30,344$27,057$24,097$20,334
12 years$34,480$30,502$26,930$23,733$20,882$17,304
13 years$31,501$27,565$24,060$20,953$18,210$14,812
14 years$28,950$25,056$21,618$18,599$15,963$12,741
15 years$26,741$22,889$19,518$16,587$14,055$11,004
16 years$24,810$21,000$17,696$14,852$12,422$9,536
17 years$23,108$19,341$16,103$13,345$11,014$8,288
18 years$21,597$17,872$14,700$12,026$9,793$7,220
19 years$20,247$16,563$13,457$10,867$8,729$6,304
20 years$19,033$15,391$12,350$9,842$7,797$5,514
21 years$17,936$14,336$11,360$8,932$6,977$4,830
22 years$16,940$13,383$10,470$8,121$6,254$4,237
23 years$16,032$12,516$9,667$7,396$5,614$3,722
24 years$15,201$11,727$8,940$6,746$5,046$3,272
25 years$14,438$11,005$8,280$6,161$4,541$2,879
26 years$13,734$10,343$7,680$5,633$4,090$2,536
27 years$13,084$9,734$7,131$5,156$3,687$2,234
28 years$12,481$9,172$6,629$4,724$3,327$1,970
29 years$11,921$8,653$6,169$4,332$3,004$1,738
30 years$11,399$8,172$5,746$3,976$2,715$1,534
31 years$10,912$7,725$5,357$3,651$2,454$1,355
32 years$10,456$7,310$4,998$3,356$2,220$1,197
33 years$10,029$6,922$4,667$3,086$2,009$1,057
34 years$9,627$6,561$4,361$2,839$1,819$935
35 years$9,250$6,223$4,077$2,614$1,648$826
36 years$8,894$5,906$3,814$2,407$1,493$731
37 years$8,558$5,610$3,570$2,218$1,353$646
38 years$8,241$5,331$3,343$2,044$1,227$572
39 years$7,941$5,069$3,132$1,885$1,112$506
40 years$7,656$4,823$2,936$1,739$1,009$448
41 years$7,386$4,591$2,753$1,604$915$396
42 years$7,130$4,372$2,582$1,480$831$351
43 years$6,886$4,166$2,423$1,367$754$310
44 years$6,654$3,971$2,274$1,262$684$275
45 years$6,432$3,787$2,135$1,165$621$243
46 years$6,221$3,613$2,006$1,076$564$215
47 years$6,020$3,447$1,884$994$512$191
48 years$5,828$3,291$1,771$919$465$169
49 years$5,644$3,143$1,664$849$422$149
50 years$5,468$3,002$1,565$785$384$132

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 $4,994 every year, while hoping to spend $49,558 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: 48/35/17 Blend
53$5,600,000$5,600,000$5,600,000$5,600,000
54$6,176,351$5,879,551$5,792,751$6,443,108
55$6,753,610$6,114,920$5,934,079$6,863,857
56$7,388,088$6,360,161$6,078,481$7,315,000
57$8,085,569$6,615,705$6,226,006$7,803,805
58$8,852,426$6,882,004$6,376,706$8,333,818
59$9,695,680$7,159,528$6,530,632$8,908,933
60$10,623,065$7,448,771$6,687,834$9,533,433
61$11,643,104$7,750,247$6,848,363$10,212,023
62$12,765,186$8,064,495$7,012,269$10,949,877
63$13,999,657$8,392,077$7,179,602$11,752,682
64$15,357,915$8,733,582$7,350,411$12,626,693
65$16,852,520$9,089,625$7,524,748$13,578,788
66$18,497,310$9,460,849$7,702,659$14,616,532
67$20,307,531$9,847,926$7,884,194$15,748,245
68$22,299,986$10,251,561$8,069,401$16,983,081
69$24,493,185$10,672,488$8,258,327$18,331,111
70$26,907,526$11,111,477$8,451,017$19,803,414
71$29,565,486$11,569,331$8,647,518$21,412,184
72$32,491,829$12,046,891$8,847,873$23,170,836
73$35,713,845$12,545,038$9,052,126$25,094,136
74$39,261,603$13,064,692$9,260,319$27,198,336
75$43,168,239$13,606,814$9,472,492$29,501,323
76$47,470,264$14,172,412$9,688,685$32,022,787
77$52,207,909$14,762,538$9,908,934$34,784,402
78$57,425,507$15,378,294$10,133,275$37,810,030
79$63,171,911$16,020,833$10,361,742$41,125,940
80$69,500,952$16,691,360$10,594,366$44,761,055
81$76,471,949$17,391,136$10,831,177$48,747,221
82$84,150,267$18,121,481$11,072,200$53,119,504
83$92,607,936$18,883,775$11,317,461$57,916,516
84$101,924,329$19,679,464$11,566,980$63,180,776
85$112,186,911$20,510,058$11,820,774$68,959,107
86$123,492,065$21,377,140$12,078,859$75,303,078
87$135,946,001$22,282,365$12,341,246$82,269,477
88$149,665,757$23,227,465$12,607,942$89,920,851
89$164,780,306$24,214,252$12,878,949$98,326,088
90$181,431,771$25,244,625$13,154,268$107,561,063
91$199,776,767$26,320,567$13,433,892$117,709,346
92$219,987,881$27,444,158$13,717,810$128,862,991
93$242,255,295$28,617,572$14,006,008$141,123,392
94$266,788,588$29,843,086$14,298,462$154,602,240
95$293,818,709$31,123,083$14,595,146$169,422,569
96$323,600,160$32,460,056$14,896,025$185,719,911
97$356,413,395$33,856,618$15,201,061$203,643,566
98$392,567,469$35,315,500$15,510,205$223,358,007
99$432,402,957$36,839,565$15,823,402$245,044,427
100$476,295,162$38,431,808$16,140,590$268,902,435