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%19.6%
1 years$478,959$474,692$470,530$466,467$462,500$444,677
2 years$237,108$232,692$228,413$224,263$220,238$202,494
3 years$156,502$152,067$147,798$143,688$139,728$122,622
4 years$116,207$111,785$107,559$103,519$99,655$83,317
5 years$92,036$87,641$83,470$79,512$75,756$60,228
6 years$75,927$71,566$67,456$63,587$59,943$45,235
7 years$64,426$60,101$56,057$52,278$48,750$34,857
8 years$55,803$51,517$47,540$43,855$40,443$27,352
9 years$49,101$44,855$40,947$37,355$34,059$21,751
10 years$43,742$39,538$35,698$32,200$29,020$17,472
11 years$39,360$35,198$31,428$28,024$24,958$14,144
12 years$35,711$31,592$27,892$24,580$21,628$11,520
13 years$32,626$28,550$24,919$21,701$18,860$9,428
14 years$29,984$25,951$22,390$19,264$16,533$7,745
15 years$27,696$23,707$20,215$17,180$14,557$6,383
16 years$25,696$21,750$18,328$15,383$12,865$5,274
17 years$23,933$20,031$16,678$13,821$11,407$4,366
18 years$22,368$18,510$15,225$12,456$10,143$3,621
19 years$20,970$17,155$13,938$11,255$9,040$3,007
20 years$19,712$15,941$12,791$10,193$8,075$2,500
21 years$18,576$14,848$11,765$9,251$7,226$2,081
22 years$17,545$13,860$10,844$8,411$6,477$1,733
23 years$16,605$12,963$10,012$7,660$5,814$1,444
24 years$15,744$12,146$9,260$6,987$5,226$1,204
25 years$14,953$11,398$8,576$6,381$4,703$1,005
26 years$14,225$10,713$7,954$5,834$4,236$838
27 years$13,551$10,082$7,386$5,340$3,819$700
28 years$12,927$9,500$6,866$4,893$3,446$584
29 years$12,347$8,962$6,390$4,487$3,112$488
30 years$11,806$8,464$5,952$4,118$2,812$408
31 years$11,302$8,001$5,549$3,782$2,542$341
32 years$10,830$7,571$5,177$3,476$2,299$285
33 years$10,387$7,170$4,834$3,196$2,081$238
34 years$9,971$6,795$4,516$2,941$1,884$199
35 years$9,580$6,445$4,222$2,707$1,706$166
36 years$9,212$6,117$3,950$2,493$1,546$139
37 years$8,864$5,810$3,697$2,297$1,401$116
38 years$8,535$5,522$3,462$2,117$1,270$97
39 years$8,224$5,250$3,244$1,952$1,152$81
40 years$7,930$4,995$3,040$1,801$1,045$68
41 years$7,650$4,755$2,851$1,661$948$57
42 years$7,384$4,529$2,674$1,533$860$47
43 years$7,132$4,315$2,509$1,415$781$40
44 years$6,891$4,113$2,355$1,307$709$33
45 years$6,662$3,922$2,212$1,207$643$28
46 years$6,444$3,742$2,077$1,115$584$23
47 years$6,235$3,571$1,952$1,030$530$19
48 years$6,036$3,409$1,834$952$482$16
49 years$5,845$3,255$1,724$880$437$14
50 years$5,663$3,109$1,621$813$397$11

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 $2,558 every year, while hoping to spend $42,362 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: 48/47/5 Blend
53$5,800,000$5,800,000$5,800,000$5,800,000
54$6,394,239$6,086,839$5,996,939$6,692,988
55$7,001,378$6,340,021$6,152,763$7,150,534
56$7,669,026$6,604,189$6,312,388$7,642,289
57$8,403,310$6,879,837$6,475,896$8,175,155
58$9,210,979$7,167,482$6,643,371$8,752,963
59$10,099,473$7,467,662$6,814,898$9,379,917
60$11,076,986$7,780,944$6,990,563$10,060,636
61$12,152,547$8,107,919$7,170,456$10,800,191
62$13,336,106$8,449,206$7,354,665$11,604,156
63$14,638,623$8,805,451$7,543,280$12,478,652
64$16,072,177$9,177,333$7,736,395$13,430,407
65$17,650,077$9,565,560$7,934,102$14,466,815
66$19,386,987$9,970,875$8,136,497$15,596,005
67$21,299,064$10,394,052$8,343,674$16,826,910
68$23,404,114$10,835,906$8,555,732$18,169,353
69$25,721,754$11,297,285$8,772,769$19,634,138
70$28,273,601$11,779,081$8,994,885$21,233,142
71$31,083,475$12,282,223$9,222,181$22,979,429
72$34,177,625$12,807,687$9,454,760$24,887,371
73$37,584,973$13,356,494$9,692,724$26,972,774
74$41,337,389$13,929,711$9,936,179$29,253,028
75$45,469,992$14,528,456$10,185,230$31,747,267
76$50,021,481$15,153,900$10,439,985$34,476,544
77$55,034,498$15,807,267$10,700,550$37,464,025
78$60,556,033$16,489,840$10,967,036$40,735,203
79$66,637,868$17,202,962$11,239,551$44,318,136
80$73,337,062$17,948,038$11,518,207$48,243,706
81$80,716,490$18,726,540$11,803,115$52,545,903
82$88,845,440$19,540,008$12,094,387$57,262,142
83$97,800,263$20,390,056$12,392,137$62,433,613
84$107,665,094$21,278,373$12,696,478$68,105,657
85$118,532,648$22,206,728$13,007,524$74,328,195
86$130,505,092$23,176,972$13,325,391$81,156,190
87$143,695,013$24,191,044$13,650,192$88,650,156
88$158,226,475$25,250,976$13,982,044$96,876,727
89$174,236,194$26,358,893$14,321,062$105,909,274
90$191,874,830$27,517,023$14,667,362$115,828,595
91$211,308,403$28,727,698$15,021,058$126,723,664
92$232,719,864$29,993,359$15,382,268$138,692,464
93$256,310,821$31,316,564$15,751,105$151,842,906
94$282,303,442$32,699,993$16,127,684$166,293,834
95$310,942,551$34,146,451$16,512,119$182,176,140
96$342,497,941$35,658,876$16,904,525$199,633,989
97$377,266,916$37,240,346$17,305,012$218,826,167
98$415,577,104$38,894,086$17,713,692$239,927,570
99$457,789,543$40,623,470$18,130,675$263,130,845
100$504,302,094$42,432,038$18,556,070$288,648,194