Can I retire at age 54 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$487,216$482,877$478,642$474,510$470,474$461,164
2 years$241,196$236,704$232,351$228,130$224,035$214,694
3 years$159,200$154,689$150,346$146,165$142,137$133,057
4 years$118,210$113,713$109,414$105,304$101,373$92,624
5 years$93,623$89,152$84,909$80,883$77,063$68,669
6 years$77,236$72,799$68,619$64,683$60,977$52,949
7 years$65,536$61,137$57,023$53,179$49,591$41,929
8 years$56,765$52,406$48,360$44,611$41,140$33,843
9 years$49,947$45,628$41,653$37,999$34,646$27,709
10 years$44,496$40,219$36,314$32,755$29,520$22,936
11 years$40,038$35,805$31,970$28,507$25,388$19,150
12 years$36,327$32,136$28,373$25,004$22,001$16,099
13 years$33,188$29,042$25,349$22,075$19,185$13,609
14 years$30,501$26,398$22,776$19,596$16,818$11,558
15 years$28,174$24,115$20,564$17,476$14,808$9,853
16 years$26,139$22,125$18,644$15,648$13,087$8,426
17 years$24,346$20,377$16,965$14,059$11,604$7,224
18 years$22,754$18,829$15,487$12,670$10,318$6,208
19 years$21,331$17,450$14,178$11,449$9,196$5,345
20 years$20,052$16,216$13,012$10,369$8,214$4,610
21 years$18,897$15,104$11,968$9,411$7,351$3,981
22 years$17,847$14,099$11,031$8,556$6,589$3,442
23 years$16,891$13,187$10,185$7,792$5,915$2,979
24 years$16,015$12,355$9,419$7,107$5,316$2,580
25 years$15,211$11,595$8,724$6,491$4,784$2,237
26 years$14,470$10,897$8,091$5,935$4,309$1,940
27 years$13,785$10,256$7,513$5,432$3,885$1,684
28 years$13,150$9,664$6,985$4,977$3,506$1,462
29 years$12,560$9,117$6,500$4,564$3,165$1,270
30 years$12,010$8,610$6,054$4,189$2,860$1,104
31 years$11,497$8,139$5,644$3,847$2,586$959
32 years$11,016$7,701$5,266$3,535$2,339$834
33 years$10,566$7,293$4,917$3,251$2,117$725
34 years$10,143$6,912$4,594$2,991$1,917$631
35 years$9,745$6,556$4,295$2,754$1,736$549
36 years$9,371$6,223$4,018$2,536$1,573$478
37 years$9,017$5,910$3,761$2,337$1,426$416
38 years$8,682$5,617$3,522$2,154$1,292$362
39 years$8,366$5,341$3,300$1,986$1,172$315
40 years$8,066$5,082$3,093$1,832$1,063$274
41 years$7,782$4,837$2,900$1,690$964$239
42 years$7,512$4,607$2,720$1,560$875$208
43 years$7,255$4,389$2,553$1,440$794$181
44 years$7,010$4,184$2,396$1,329$721$158
45 years$6,777$3,990$2,250$1,228$654$137
46 years$6,555$3,806$2,113$1,134$594$120
47 years$6,343$3,632$1,985$1,048$540$104
48 years$6,140$3,467$1,866$968$490$91
49 years$5,946$3,311$1,754$895$445$79
50 years$5,760$3,163$1,649$827$404$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,900,000, adding $3,099 every year, while hoping to spend $52,770 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: 57/37/6 Blend
53$5,900,000$5,900,000$5,900,000$5,900,000
54$6,504,997$6,192,297$6,100,847$6,867,528
55$7,112,359$6,439,572$6,249,078$7,358,849
56$7,779,905$6,697,196$6,400,507$7,887,681
57$8,513,715$6,965,619$6,555,184$8,462,534
58$9,320,492$7,245,312$6,713,161$9,087,804
59$10,207,620$7,536,770$6,874,489$9,768,324
60$11,183,232$7,840,507$7,039,219$10,509,406
61$12,256,291$8,157,061$7,207,403$11,316,892
62$13,436,673$8,486,997$7,379,091$12,197,208
63$14,735,255$8,830,901$7,554,332$13,157,418
64$16,164,026$9,189,391$7,733,177$14,205,294
65$17,736,194$9,563,108$7,915,676$15,349,387
66$19,466,312$9,952,726$8,101,877$16,599,100
67$21,370,413$10,358,947$8,291,827$17,964,783
68$23,466,167$10,782,507$8,485,575$19,457,821
69$25,773,041$11,224,175$8,683,167$21,090,745
70$28,312,486$11,684,754$8,884,647$22,877,344
71$31,108,137$12,165,085$9,090,061$24,832,794
72$34,186,041$12,666,048$9,299,452$26,973,798
73$37,574,894$13,188,561$9,512,860$29,318,743
74$41,306,319$13,733,586$9,730,327$31,887,868
75$45,415,161$14,302,130$9,951,890$34,703,454
76$49,939,816$14,895,243$10,177,588$37,790,029
77$54,922,594$15,514,027$10,407,454$41,174,599
78$60,410,116$16,159,632$10,641,521$44,886,899
79$66,453,756$16,833,262$10,879,820$48,959,666
80$73,110,125$17,536,177$11,122,379$53,428,952
81$80,441,602$18,269,694$11,369,224$58,334,454
82$88,516,930$19,035,193$11,620,377$63,719,887
83$97,411,854$19,834,115$11,875,857$69,633,393
84$107,209,846$20,667,970$12,135,681$76,127,989
85$118,002,885$21,538,335$12,399,861$83,262,066
86$129,892,330$22,446,864$12,668,407$91,099,933
87$142,989,873$23,395,286$12,941,324$99,712,420
88$157,418,594$24,385,408$13,218,612$109,177,541
89$173,314,122$25,419,125$13,500,267$119,581,225
90$190,825,917$26,498,417$13,786,281$131,018,123
91$210,118,679$27,625,358$14,076,640$143,592,493
92$231,373,901$28,802,117$14,371,324$157,419,180
93$254,791,584$30,030,965$14,670,308$172,624,692
94$280,592,123$31,314,280$14,973,560$189,348,390
95$309,018,388$32,654,549$15,281,044$207,743,794
96$340,338,017$34,054,376$15,592,713$227,980,027
97$374,845,941$35,516,486$15,908,515$250,243,399
98$412,867,167$37,043,734$16,228,390$274,739,168
99$454,759,846$38,639,105$16,552,269$301,693,456
100$500,918,656$40,305,727$16,880,075$331,355,386