Can I retire at age 54 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$470,701$466,508$462,417$458,425$454,526$437,877
2 years$233,020$228,680$224,474$220,396$216,441$199,852
3 years$153,804$149,445$145,250$141,210$137,319$121,313
4 years$114,203$109,858$105,705$101,734$97,937$82,636
5 years$90,449$86,130$82,031$78,141$74,450$59,893
6 years$74,618$70,332$66,293$62,490$58,910$45,108
7 years$63,315$59,064$55,090$51,377$47,910$34,859
8 years$54,841$50,629$46,721$43,099$39,746$27,435
9 years$48,254$44,082$40,241$36,711$33,472$21,884
10 years$42,987$38,856$35,083$31,645$28,519$17,634
11 years$38,681$34,591$30,886$27,540$24,528$14,322
12 years$35,095$31,047$27,411$24,157$21,255$11,704
13 years$32,063$28,058$24,490$21,327$18,535$9,611
14 years$29,467$25,504$22,004$18,931$16,248$7,924
15 years$27,218$23,298$19,867$16,884$14,306$6,553
16 years$25,253$21,375$18,012$15,117$12,643$5,434
17 years$23,521$19,686$16,390$13,583$11,210$4,516
18 years$21,983$18,191$14,962$12,241$9,968$3,759
19 years$20,608$16,859$13,697$11,061$8,885$3,134
20 years$19,372$15,666$12,571$10,018$7,936$2,615
21 years$18,256$14,592$11,563$9,092$7,102$2,185
22 years$17,242$13,621$10,657$8,266$6,366$1,827
23 years$16,318$12,740$9,840$7,528$5,714$1,529
24 years$15,472$11,936$9,100$6,866$5,136$1,280
25 years$14,695$11,202$8,428$6,271$4,622$1,072
26 years$13,979$10,528$7,817$5,734$4,163$898
27 years$13,318$9,908$7,259$5,248$3,753$753
28 years$12,704$9,336$6,748$4,808$3,387$631
29 years$12,134$8,808$6,279$4,409$3,058$529
30 years$11,603$8,318$5,849$4,047$2,763$444
31 years$11,107$7,863$5,453$3,717$2,498$372
32 years$10,643$7,440$5,088$3,416$2,260$312
33 years$10,208$7,046$4,750$3,141$2,045$262
34 years$9,799$6,678$4,438$2,890$1,852$220
35 years$9,415$6,334$4,150$2,660$1,677$185
36 years$9,053$6,012$3,882$2,450$1,520$155
37 years$8,711$5,710$3,633$2,257$1,377$130
38 years$8,388$5,426$3,403$2,081$1,249$109
39 years$8,082$5,160$3,188$1,919$1,132$92
40 years$7,793$4,909$2,988$1,770$1,027$77
41 years$7,518$4,673$2,802$1,633$932$65
42 years$7,257$4,451$2,628$1,507$845$54
43 years$7,009$4,241$2,466$1,391$767$46
44 years$6,772$4,042$2,315$1,284$696$38
45 years$6,547$3,855$2,174$1,186$632$32
46 years$6,333$3,677$2,042$1,096$574$27
47 years$6,128$3,509$1,918$1,012$521$23
48 years$5,932$3,350$1,802$935$473$19
49 years$5,744$3,199$1,694$864$430$16
50 years$5,565$3,056$1,593$799$391$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,700,000, adding $4,674 every year, while hoping to spend $42,155 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: 63/13/24 Blend
53$5,700,000$5,700,000$5,700,000$5,700,000
54$6,286,221$5,984,121$5,895,771$6,642,334
55$6,882,563$6,232,491$6,048,427$7,131,993
56$7,538,319$6,491,617$6,204,784$7,661,490
57$8,259,505$6,761,984$6,364,921$8,238,885
58$9,052,748$7,044,095$6,528,920$8,868,870
59$9,925,352$7,338,479$6,696,862$9,556,608
60$10,885,362$7,645,688$6,868,831$10,307,779
61$11,941,643$7,966,301$7,044,911$11,128,639
62$13,103,962$8,300,922$7,225,187$12,026,073
63$14,383,083$8,650,183$7,409,748$13,007,661
64$15,790,864$9,014,748$7,598,680$14,081,748
65$17,340,370$9,395,309$7,792,075$15,257,521
66$19,045,999$9,792,591$7,990,021$16,545,099
67$20,923,616$10,207,352$8,192,611$17,955,621
68$22,990,699$10,640,387$8,399,938$19,501,354
69$25,266,510$11,092,526$8,612,096$21,195,807
70$27,772,274$11,564,639$8,829,180$23,053,857
71$30,531,375$12,057,636$9,051,287$25,091,889
72$33,569,583$12,572,468$9,278,513$27,327,947
73$36,915,296$13,110,134$9,510,958$29,781,907
74$40,599,802$13,671,676$9,748,721$32,475,658
75$44,657,580$14,258,187$9,991,902$35,433,313
76$49,126,625$14,870,810$10,240,603$38,681,430
77$54,048,803$15,510,742$10,494,924$42,249,264
78$59,470,247$16,179,235$10,754,971$46,169,040
79$65,441,796$16,877,600$11,020,846$50,476,258
80$72,019,468$17,607,212$11,292,653$55,210,023
81$79,264,995$18,369,507$11,570,498$60,413,414
82$87,246,401$19,165,989$11,854,487$66,133,891
83$96,038,647$19,998,235$12,144,725$72,423,737
84$105,724,335$20,867,895$12,441,319$79,340,550
85$116,394,489$21,776,694$12,744,376$86,947,788
86$128,149,418$22,726,443$13,054,003$95,315,363
87$141,099,653$23,719,033$13,370,307$104,520,300
88$155,367,001$24,756,449$13,693,396$114,647,461
89$171,085,687$25,840,767$14,023,376$125,790,342
90$188,403,623$26,974,161$14,360,355$138,051,956
91$207,483,806$28,158,908$14,704,440$151,545,803
92$228,505,852$29,397,392$15,055,737$166,396,936
93$251,667,695$30,692,111$15,414,351$182,743,139
94$277,187,456$32,045,680$15,780,387$200,736,227
95$305,305,496$33,460,838$16,153,949$220,543,474
96$336,286,691$34,940,453$16,535,141$242,349,189
97$370,422,929$36,487,531$16,924,064$266,356,453
98$408,035,866$38,105,218$17,320,818$292,789,035
99$449,479,961$39,796,811$17,725,502$321,893,494
100$495,145,824$41,565,761$18,138,213$353,941,511