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%11.3%
1 years$470,701$466,508$462,417$458,425$454,526$452,041
2 years$233,020$228,680$224,474$220,396$216,441$213,933
3 years$153,804$149,445$145,250$141,210$137,319$134,866
4 years$114,203$109,858$105,705$101,734$97,937$95,558
5 years$90,449$86,130$82,031$78,141$74,450$72,153
6 years$74,618$70,332$66,293$62,490$58,910$56,696
7 years$63,315$59,064$55,090$51,377$47,910$45,781
8 years$54,841$50,629$46,721$43,099$39,746$37,702
9 years$48,254$44,082$40,241$36,711$33,472$31,513
10 years$42,987$38,856$35,083$31,645$28,519$26,645
11 years$38,681$34,591$30,886$27,540$24,528$22,735
12 years$35,095$31,047$27,411$24,157$21,255$19,544
13 years$32,063$28,058$24,490$21,327$18,535$16,903
14 years$29,467$25,504$22,004$18,931$16,248$14,693
15 years$27,218$23,298$19,867$16,884$14,306$12,827
16 years$25,253$21,375$18,012$15,117$12,643$11,238
17 years$23,521$19,686$16,390$13,583$11,210$9,877
18 years$21,983$18,191$14,962$12,241$9,968$8,703
19 years$20,608$16,859$13,697$11,061$8,885$7,686
20 years$19,372$15,666$12,571$10,018$7,936$6,802
21 years$18,256$14,592$11,563$9,092$7,102$6,030
22 years$17,242$13,621$10,657$8,266$6,366$5,354
23 years$16,318$12,740$9,840$7,528$5,714$4,759
24 years$15,472$11,936$9,100$6,866$5,136$4,236
25 years$14,695$11,202$8,428$6,271$4,622$3,774
26 years$13,979$10,528$7,817$5,734$4,163$3,366
27 years$13,318$9,908$7,259$5,248$3,753$3,004
28 years$12,704$9,336$6,748$4,808$3,387$2,683
29 years$12,134$8,808$6,279$4,409$3,058$2,398
30 years$11,603$8,318$5,849$4,047$2,763$2,144
31 years$11,107$7,863$5,453$3,717$2,498$1,918
32 years$10,643$7,440$5,088$3,416$2,260$1,717
33 years$10,208$7,046$4,750$3,141$2,045$1,537
34 years$9,799$6,678$4,438$2,890$1,852$1,377
35 years$9,415$6,334$4,150$2,660$1,677$1,234
36 years$9,053$6,012$3,882$2,450$1,520$1,106
37 years$8,711$5,710$3,633$2,257$1,377$991
38 years$8,388$5,426$3,403$2,081$1,249$889
39 years$8,082$5,160$3,188$1,919$1,132$797
40 years$7,793$4,909$2,988$1,770$1,027$715
41 years$7,518$4,673$2,802$1,633$932$642
42 years$7,257$4,451$2,628$1,507$845$576
43 years$7,009$4,241$2,466$1,391$767$517
44 years$6,772$4,042$2,315$1,284$696$464
45 years$6,547$3,855$2,174$1,186$632$416
46 years$6,333$3,677$2,042$1,096$574$374
47 years$6,128$3,509$1,918$1,012$521$336
48 years$5,932$3,350$1,802$935$473$301
49 years$5,744$3,199$1,694$864$430$271
50 years$5,565$3,056$1,593$799$391$243

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 $4,472 every year, while hoping to spend $30,013 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: 61/27/12 Blend
53$5,700,000$5,700,000$5,700,000$5,700,000
54$6,286,013$5,983,913$5,895,563$6,651,208
55$6,895,253$6,245,191$6,061,131$7,158,191
56$7,565,629$6,518,266$6,231,239$7,707,351
57$8,303,346$6,803,684$6,406,008$8,305,856
58$9,115,240$7,102,017$6,585,562$8,958,477
59$10,008,843$7,413,864$6,770,027$9,670,465
60$10,992,455$7,739,854$6,959,533$10,447,591
61$12,075,220$8,080,642$7,154,213$11,296,207
62$13,267,216$8,436,917$7,354,202$12,223,297
63$14,579,546$8,809,399$7,559,642$13,236,548
64$16,024,444$9,198,844$7,770,674$14,344,415
65$17,615,393$9,606,043$7,987,447$15,556,202
66$19,367,246$10,031,822$8,210,109$16,882,150
67$21,296,373$10,477,049$8,438,816$18,333,527
68$23,420,812$10,942,634$8,673,726$19,922,734
69$25,760,438$11,429,526$8,914,999$21,663,422
70$28,337,153$11,938,723$9,162,802$23,570,618
71$31,175,092$12,471,270$9,417,304$25,660,860
72$34,300,848$13,028,258$9,678,681$27,952,359
73$37,743,727$13,610,835$9,947,109$30,465,160
74$41,536,021$14,220,201$10,222,771$33,221,334
75$45,713,316$14,857,612$10,505,855$36,245,182
76$50,314,825$15,524,385$10,796,552$39,563,459
77$55,383,759$16,221,901$11,095,058$43,205,629
78$60,967,733$16,951,606$11,401,573$47,204,135
79$67,119,220$17,715,013$11,716,304$51,594,703
80$73,896,041$18,513,709$12,039,461$56,416,679
81$81,361,914$19,349,357$12,371,260$61,713,392
82$89,587,053$20,223,699$12,711,921$67,532,563
83$98,648,832$21,138,560$13,061,670$73,926,748
84$108,632,516$22,095,852$13,420,738$80,953,836
85$119,632,062$23,097,579$13,789,363$88,677,584
86$131,751,012$24,145,840$14,167,786$97,168,218
87$145,103,463$25,242,834$14,556,255$106,503,091
88$159,815,151$26,390,868$14,955,024$116,767,411
89$176,024,632$27,592,356$15,364,353$128,055,033
90$193,884,593$28,849,829$15,784,507$140,469,347
91$213,563,291$30,165,940$16,215,757$154,124,243
92$235,246,144$31,543,469$16,658,382$169,145,187
93$259,137,479$32,985,327$17,112,666$185,670,390
94$285,462,461$34,494,568$17,578,900$203,852,114
95$314,469,220$36,074,389$18,057,381$223,858,099
96$346,431,190$37,728,144$18,548,413$245,873,142
97$381,649,694$39,459,345$19,052,307$270,100,831
98$420,456,784$41,271,675$19,569,381$296,765,461
99$463,218,381$43,168,992$20,099,960$326,114,144
100$510,337,723$45,155,339$20,644,376$358,419,132