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

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$478,959$474,692$470,530$466,467$462,500$456,154
2 years$237,108$232,692$228,413$224,263$220,238$213,855
3 years$156,502$152,067$147,798$143,688$139,728$133,508
4 years$116,207$111,785$107,559$103,519$99,655$93,645
5 years$92,036$87,641$83,470$79,512$75,756$69,973
6 years$75,927$71,566$67,456$63,587$59,943$54,395
7 years$64,426$60,101$56,057$52,278$48,750$43,438
8 years$55,803$51,517$47,540$43,855$40,443$35,366
9 years$49,101$44,855$40,947$37,355$34,059$29,215
10 years$43,742$39,538$35,698$32,200$29,020$24,406
11 years$39,360$35,198$31,428$28,024$24,958$20,570
12 years$35,711$31,592$27,892$24,580$21,628$17,460
13 years$32,626$28,550$24,919$21,701$18,860$14,907
14 years$29,984$25,951$22,390$19,264$16,533$12,788
15 years$27,696$23,707$20,215$17,180$14,557$11,015
16 years$25,696$21,750$18,328$15,383$12,865$9,519
17 years$23,933$20,031$16,678$13,821$11,407$8,249
18 years$22,368$18,510$15,225$12,456$10,143$7,167
19 years$20,970$17,155$13,938$11,255$9,040$6,239
20 years$19,712$15,941$12,791$10,193$8,075$5,441
21 years$18,576$14,848$11,765$9,251$7,226$4,752
22 years$17,545$13,860$10,844$8,411$6,477$4,156
23 years$16,605$12,963$10,012$7,660$5,814$3,639
24 years$15,744$12,146$9,260$6,987$5,226$3,189
25 years$14,953$11,398$8,576$6,381$4,703$2,798
26 years$14,225$10,713$7,954$5,834$4,236$2,456
27 years$13,551$10,082$7,386$5,340$3,819$2,157
28 years$12,927$9,500$6,866$4,893$3,446$1,896
29 years$12,347$8,962$6,390$4,487$3,112$1,668
30 years$11,806$8,464$5,952$4,118$2,812$1,467
31 years$11,302$8,001$5,549$3,782$2,542$1,291
32 years$10,830$7,571$5,177$3,476$2,299$1,137
33 years$10,387$7,170$4,834$3,196$2,081$1,001
34 years$9,971$6,795$4,516$2,941$1,884$882
35 years$9,580$6,445$4,222$2,707$1,706$777
36 years$9,212$6,117$3,950$2,493$1,546$685
37 years$8,864$5,810$3,697$2,297$1,401$604
38 years$8,535$5,522$3,462$2,117$1,270$532
39 years$8,224$5,250$3,244$1,952$1,152$469
40 years$7,930$4,995$3,040$1,801$1,045$414
41 years$7,650$4,755$2,851$1,661$948$365
42 years$7,384$4,529$2,674$1,533$860$322
43 years$7,132$4,315$2,509$1,415$781$284
44 years$6,891$4,113$2,355$1,307$709$250
45 years$6,662$3,922$2,212$1,207$643$221
46 years$6,444$3,742$2,077$1,115$584$195
47 years$6,235$3,571$1,952$1,030$530$172
48 years$6,036$3,409$1,834$952$482$152
49 years$5,845$3,255$1,724$880$437$134
50 years$5,663$3,109$1,621$813$397$118

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 $4,184 every year, while hoping to spend $37,429 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: 30/46/24 Blend
53$5,800,000$5,800,000$5,800,000$5,800,000
54$6,395,916$6,088,516$5,998,616$6,540,075
55$7,008,475$6,347,029$6,159,745$6,909,997
56$7,682,261$6,616,955$6,325,018$7,304,071
57$8,423,479$6,898,813$6,494,534$7,727,252
58$9,238,966$7,193,147$6,668,393$8,182,086
59$10,136,257$7,500,527$6,846,700$8,671,365
60$11,123,651$7,821,549$7,029,560$9,198,146
61$12,210,294$8,156,836$7,217,081$9,765,782
62$13,406,264$8,507,041$7,409,374$10,377,946
63$14,722,664$8,872,847$7,606,549$11,038,667
64$16,171,729$9,254,970$7,808,722$11,752,363
65$17,766,941$9,654,158$8,016,009$12,523,881
66$19,523,153$10,071,197$8,228,530$13,358,541
67$21,456,735$10,506,905$8,446,405$14,262,180
68$23,585,721$10,962,143$8,669,760$15,241,206
69$25,929,988$11,437,811$8,898,719$16,302,655
70$28,511,432$11,934,850$9,133,413$17,454,253
71$31,354,187$12,454,246$9,373,970$18,704,487
72$34,484,842$12,997,032$9,620,526$20,062,680
73$37,932,698$13,564,289$9,873,217$21,539,073
74$41,730,044$14,157,150$10,132,180$23,144,921
75$45,912,457$14,776,799$10,397,557$24,892,595
76$50,519,144$15,424,478$10,669,491$26,795,691
77$55,593,307$16,101,488$10,948,129$28,869,154
78$61,182,553$16,809,189$11,233,620$31,129,417
79$67,339,342$17,549,008$11,526,114$33,594,551
80$74,121,482$18,322,437$11,825,767$36,284,424
81$81,592,677$19,131,040$12,132,734$39,220,891
82$89,823,124$19,976,455$12,447,174$42,427,989
83$98,890,178$20,860,397$12,769,251$45,932,160
84$108,879,083$21,784,663$13,099,127$49,762,493
85$119,883,772$22,751,134$13,436,970$53,950,991
86$132,007,759$23,761,782$13,782,951$58,532,871
87$145,365,111$24,818,670$14,137,241$63,546,881
88$160,081,529$25,923,961$14,500,015$69,035,666
89$176,295,531$27,079,921$14,871,451$75,046,156
90$194,159,760$28,288,922$15,251,729$81,630,006
91$213,842,426$29,553,450$15,641,033$88,844,071
92$235,528,892$30,876,108$16,039,547$96,750,934
93$259,423,427$32,259,624$16,447,458$105,419,489
94$285,751,127$33,706,856$16,864,959$114,925,580
95$314,760,047$35,220,798$17,292,241$125,352,707
96$346,723,541$36,804,586$17,729,499$136,792,802
97$381,942,836$38,461,505$18,176,932$149,347,085
98$420,749,885$40,194,998$18,634,738$163,127,012
99$463,510,492$42,008,672$19,103,121$178,255,308
100$510,627,771$43,906,305$19,582,284$194,867,117