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

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$470,701$466,508$462,417$458,425$454,526$451,661
2 years$233,020$228,680$224,474$220,396$216,441$213,552
3 years$153,804$149,445$145,250$141,210$137,319$134,494
4 years$114,203$109,858$105,705$101,734$97,937$95,198
5 years$90,449$86,130$82,031$78,141$74,450$71,806
6 years$74,618$70,332$66,293$62,490$58,910$56,363
7 years$63,315$59,064$55,090$51,377$47,910$45,462
8 years$54,841$50,629$46,721$43,099$39,746$37,397
9 years$48,254$44,082$40,241$36,711$33,472$31,222
10 years$42,987$38,856$35,083$31,645$28,519$26,367
11 years$38,681$34,591$30,886$27,540$24,528$22,471
12 years$35,095$31,047$27,411$24,157$21,255$19,292
13 years$32,063$28,058$24,490$21,327$18,535$16,664
14 years$29,467$25,504$22,004$18,931$16,248$14,467
15 years$27,218$23,298$19,867$16,884$14,306$12,612
16 years$25,253$21,375$18,012$15,117$12,643$11,035
17 years$23,521$19,686$16,390$13,583$11,210$9,685
18 years$21,983$18,191$14,962$12,241$9,968$8,522
19 years$20,608$16,859$13,697$11,061$8,885$7,516
20 years$19,372$15,666$12,571$10,018$7,936$6,642
21 years$18,256$14,592$11,563$9,092$7,102$5,879
22 years$17,242$13,621$10,657$8,266$6,366$5,212
23 years$16,318$12,740$9,840$7,528$5,714$4,626
24 years$15,472$11,936$9,100$6,866$5,136$4,111
25 years$14,695$11,202$8,428$6,271$4,622$3,658
26 years$13,979$10,528$7,817$5,734$4,163$3,257
27 years$13,318$9,908$7,259$5,248$3,753$2,902
28 years$12,704$9,336$6,748$4,808$3,387$2,588
29 years$12,134$8,808$6,279$4,409$3,058$2,309
30 years$11,603$8,318$5,849$4,047$2,763$2,061
31 years$11,107$7,863$5,453$3,717$2,498$1,841
32 years$10,643$7,440$5,088$3,416$2,260$1,645
33 years$10,208$7,046$4,750$3,141$2,045$1,471
34 years$9,799$6,678$4,438$2,890$1,852$1,315
35 years$9,415$6,334$4,150$2,660$1,677$1,177
36 years$9,053$6,012$3,882$2,450$1,520$1,053
37 years$8,711$5,710$3,633$2,257$1,377$942
38 years$8,388$5,426$3,403$2,081$1,249$843
39 years$8,082$5,160$3,188$1,919$1,132$755
40 years$7,793$4,909$2,988$1,770$1,027$676
41 years$7,518$4,673$2,802$1,633$932$606
42 years$7,257$4,451$2,628$1,507$845$543
43 years$7,009$4,241$2,466$1,391$767$486
44 years$6,772$4,042$2,315$1,284$696$436
45 years$6,547$3,855$2,174$1,186$632$390
46 years$6,333$3,677$2,042$1,096$574$350
47 years$6,128$3,509$1,918$1,012$521$313
48 years$5,932$3,350$1,802$935$473$281
49 years$5,744$3,199$1,694$864$430$252
50 years$5,565$3,056$1,593$799$391$226

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 $4,162 every year, while hoping to spend $58,694 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: 58/31/11 Blend
53$5,700,000$5,700,000$5,700,000$5,700,000
54$6,285,693$5,983,593$5,895,243$6,633,234
55$6,864,384$6,214,339$6,030,284$7,098,707
56$7,500,134$6,454,425$6,167,881$7,598,922
57$8,198,701$6,704,245$6,308,059$8,142,752
58$8,966,429$6,964,214$6,450,840$8,734,388
59$9,810,307$7,234,762$6,596,244$9,378,439
60$10,738,033$7,516,340$6,744,293$10,079,975
61$11,758,090$7,809,418$6,895,005$10,844,574
62$12,879,823$8,114,488$7,048,395$11,678,370
63$14,113,529$8,432,062$7,204,480$12,588,112
64$15,470,551$8,762,675$7,363,273$13,581,228
65$16,963,390$9,106,889$7,524,785$14,665,890
66$18,605,815$9,465,286$7,689,025$15,851,091
67$20,413,001$9,838,478$7,856,000$17,146,728
68$22,401,666$10,227,102$8,025,715$18,563,697
69$24,590,231$10,631,824$8,198,171$20,113,987
70$26,998,992$11,053,341$8,373,367$21,810,798
71$29,650,314$11,492,381$8,551,301$23,668,661
72$32,568,841$11,949,701$8,731,963$25,703,574
73$35,781,724$12,426,098$8,915,346$27,933,147
74$39,318,883$12,922,401$9,101,433$30,376,774
75$43,213,287$13,439,476$9,290,209$33,055,807
76$47,501,262$13,978,229$9,481,650$35,993,755
77$52,222,837$14,539,609$9,675,732$39,216,511
78$57,422,121$15,124,604$9,872,423$42,752,584
79$63,147,717$15,734,250$10,071,689$46,633,374
80$69,453,183$16,369,627$10,273,490$50,893,459
81$76,397,535$17,031,867$10,477,779$55,570,923
82$84,045,805$17,722,150$10,684,507$60,707,710
83$92,469,654$18,441,712$10,893,614$66,350,018
84$101,748,048$19,191,844$11,105,039$72,548,734
85$111,968,002$19,973,898$11,318,711$79,359,904
86$123,225,404$20,789,284$11,534,554$86,845,268
87$135,625,915$21,639,480$11,752,481$95,072,830
88$149,285,972$22,526,027$11,972,403$104,117,504
89$164,333,880$23,450,542$12,194,217$114,061,812
90$180,911,027$24,414,710$12,417,816$124,996,661
91$199,173,220$25,420,299$12,643,080$137,022,194
92$219,292,148$26,469,153$12,869,883$150,248,738
93$241,457,009$27,563,203$13,098,086$164,797,832
94$265,876,294$28,704,470$13,327,541$180,803,375
95$292,779,751$29,895,065$13,558,090$198,412,883
96$322,420,560$31,137,197$13,789,560$217,788,877
97$355,077,715$32,433,178$14,021,768$239,110,410
98$391,058,664$33,785,425$14,254,519$262,574,756
99$430,702,204$35,196,467$14,487,602$288,399,258
100$474,381,685$36,668,951$14,720,793$316,823,384