Can I retire at age 54 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$478,959$474,692$470,530$466,467$462,500$450,042
2 years$237,108$232,692$228,413$224,263$220,238$207,776
3 years$156,502$152,067$147,798$143,688$139,728$127,651
4 years$116,207$111,785$107,559$103,519$99,655$88,057
5 years$92,036$87,641$83,470$79,512$75,756$64,669
6 years$75,927$71,566$67,456$63,587$59,943$49,377
7 years$64,426$60,101$56,057$52,278$48,750$38,705
8 years$55,803$51,517$47,540$43,855$40,443$30,915
9 years$49,101$44,855$40,947$37,355$34,059$25,038
10 years$43,742$39,538$35,698$32,200$29,020$20,496
11 years$39,360$35,198$31,428$28,024$24,958$16,917
12 years$35,711$31,592$27,892$24,580$21,628$14,056
13 years$32,626$28,550$24,919$21,701$18,860$11,740
14 years$29,984$25,951$22,390$19,264$16,533$9,848
15 years$27,696$23,707$20,215$17,180$14,557$8,291
16 years$25,696$21,750$18,328$15,383$12,865$7,000
17 years$23,933$20,031$16,678$13,821$11,407$5,924
18 years$22,368$18,510$15,225$12,456$10,143$5,024
19 years$20,970$17,155$13,938$11,255$9,040$4,268
20 years$19,712$15,941$12,791$10,193$8,075$3,631
21 years$18,576$14,848$11,765$9,251$7,226$3,092
22 years$17,545$13,860$10,844$8,411$6,477$2,637
23 years$16,605$12,963$10,012$7,660$5,814$2,250
24 years$15,744$12,146$9,260$6,987$5,226$1,921
25 years$14,953$11,398$8,576$6,381$4,703$1,642
26 years$14,225$10,713$7,954$5,834$4,236$1,404
27 years$13,551$10,082$7,386$5,340$3,819$1,201
28 years$12,927$9,500$6,866$4,893$3,446$1,027
29 years$12,347$8,962$6,390$4,487$3,112$879
30 years$11,806$8,464$5,952$4,118$2,812$753
31 years$11,302$8,001$5,549$3,782$2,542$645
32 years$10,830$7,571$5,177$3,476$2,299$552
33 years$10,387$7,170$4,834$3,196$2,081$473
34 years$9,971$6,795$4,516$2,941$1,884$405
35 years$9,580$6,445$4,222$2,707$1,706$347
36 years$9,212$6,117$3,950$2,493$1,546$298
37 years$8,864$5,810$3,697$2,297$1,401$255
38 years$8,535$5,522$3,462$2,117$1,270$219
39 years$8,224$5,250$3,244$1,952$1,152$188
40 years$7,930$4,995$3,040$1,801$1,045$161
41 years$7,650$4,755$2,851$1,661$948$138
42 years$7,384$4,529$2,674$1,533$860$118
43 years$7,132$4,315$2,509$1,415$781$101
44 years$6,891$4,113$2,355$1,307$709$87
45 years$6,662$3,922$2,212$1,207$643$75
46 years$6,444$3,742$2,077$1,115$584$64
47 years$6,235$3,571$1,952$1,030$530$55
48 years$6,036$3,409$1,834$952$482$47
49 years$5,845$3,255$1,724$880$437$40
50 years$5,663$3,109$1,621$813$397$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,800,000, adding $3,079 every year, while hoping to spend $34,776 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: 76/8/16 Blend
53$5,800,000$5,800,000$5,800,000$5,800,000
54$6,394,776$6,087,376$5,997,476$6,858,072
55$7,010,042$6,348,656$6,161,390$7,425,889
56$7,686,899$6,621,573$6,329,630$8,043,595
57$8,431,594$6,906,661$6,502,303$8,719,873
58$9,251,007$7,204,478$6,679,521$9,460,553
59$10,152,721$7,515,609$6,861,396$10,272,053
60$11,145,090$7,840,666$7,048,045$11,161,440
61$12,237,321$8,180,289$7,239,586$12,136,497
62$13,439,554$8,535,151$7,436,139$13,205,796
63$14,762,968$8,905,952$7,637,828$14,378,776
64$16,219,876$9,293,429$7,844,781$15,665,833
65$17,823,847$9,698,351$8,057,125$17,078,420
66$19,589,835$10,121,525$8,274,994$18,629,147
67$21,534,313$10,563,795$8,498,521$20,331,907
68$23,675,438$11,026,046$8,727,846$22,202,001
69$26,033,212$11,509,202$8,963,109$24,256,286
70$28,629,681$12,014,234$9,204,454$26,513,327
71$31,489,133$12,542,156$9,452,028$28,993,579
72$34,638,335$13,094,032$9,705,982$31,719,572
73$38,106,781$13,670,976$9,966,468$34,716,128
74$41,926,972$14,274,152$10,233,643$38,010,589
75$46,134,720$14,904,783$10,507,668$41,633,080
76$50,769,492$15,564,148$10,788,705$45,616,789
77$55,874,775$16,253,586$11,076,922$49,998,277
78$61,498,492$16,974,501$11,372,488$54,817,826
79$67,693,448$17,728,362$11,675,577$60,119,815
80$74,517,837$18,516,709$11,986,365$65,953,140
81$82,035,782$19,341,153$12,305,035$72,371,672
82$90,317,947$20,203,385$12,631,769$79,434,765
83$99,442,201$21,105,174$12,966,756$87,207,815
84$109,494,350$22,048,373$13,310,187$95,762,875
85$120,568,954$23,034,923$13,662,258$105,179,336
86$132,770,212$24,066,859$14,023,169$115,544,670
87$146,212,950$25,146,312$14,393,121$126,955,260
88$161,023,703$26,275,513$14,772,323$139,517,302
89$177,341,909$27,456,801$15,160,984$153,347,810
90$195,321,226$28,692,627$15,559,320$168,575,717
91$215,130,983$29,985,558$15,967,549$185,343,092
92$236,957,775$31,338,282$16,385,893$203,806,474
93$261,007,228$32,753,618$16,814,581$224,138,353
94$287,505,938$34,234,517$17,253,842$246,528,795
95$316,703,609$35,784,074$17,703,911$271,187,230
96$348,875,413$37,405,530$18,165,028$298,344,432
97$384,324,584$39,102,279$18,637,435$328,254,690
98$423,385,283$40,877,882$19,121,380$361,198,213
99$466,425,749$42,736,066$19,617,114$397,483,762
100$513,851,782$44,680,739$20,124,893$437,451,572