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

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$487,216$482,877$478,642$474,510$470,474$465,755
2 years$241,196$236,704$232,351$228,130$224,035$219,282
3 years$159,200$154,689$150,346$146,165$142,137$137,497
4 years$118,210$113,713$109,414$105,304$101,373$96,883
5 years$93,623$89,152$84,909$80,883$77,063$72,734
6 years$77,236$72,799$68,619$64,683$60,977$56,816
7 years$65,536$61,137$57,023$53,179$49,591$45,599
8 years$56,765$52,406$48,360$44,611$41,140$37,318
9 years$49,947$45,628$41,653$37,999$34,646$30,992
10 years$44,496$40,219$36,314$32,755$29,520$26,032
11 years$40,038$35,805$31,970$28,507$25,388$22,063
12 years$36,327$32,136$28,373$25,004$22,001$18,835
13 years$33,188$29,042$25,349$22,075$19,185$16,175
14 years$30,501$26,398$22,776$19,596$16,818$13,960
15 years$28,174$24,115$20,564$17,476$14,808$12,097
16 years$26,139$22,125$18,644$15,648$13,087$10,519
17 years$24,346$20,377$16,965$14,059$11,604$9,174
18 years$22,754$18,829$15,487$12,670$10,318$8,022
19 years$21,331$17,450$14,178$11,449$9,196$7,029
20 years$20,052$16,216$13,012$10,369$8,214$6,171
21 years$18,897$15,104$11,968$9,411$7,351$5,426
22 years$17,847$14,099$11,031$8,556$6,589$4,778
23 years$16,891$13,187$10,185$7,792$5,915$4,212
24 years$16,015$12,355$9,419$7,107$5,316$3,718
25 years$15,211$11,595$8,724$6,491$4,784$3,284
26 years$14,470$10,897$8,091$5,935$4,309$2,904
27 years$13,785$10,256$7,513$5,432$3,885$2,569
28 years$13,150$9,664$6,985$4,977$3,506$2,275
29 years$12,560$9,117$6,500$4,564$3,165$2,015
30 years$12,010$8,610$6,054$4,189$2,860$1,786
31 years$11,497$8,139$5,644$3,847$2,586$1,583
32 years$11,016$7,701$5,266$3,535$2,339$1,404
33 years$10,566$7,293$4,917$3,251$2,117$1,246
34 years$10,143$6,912$4,594$2,991$1,917$1,106
35 years$9,745$6,556$4,295$2,754$1,736$982
36 years$9,371$6,223$4,018$2,536$1,573$872
37 years$9,017$5,910$3,761$2,337$1,426$774
38 years$8,682$5,617$3,522$2,154$1,292$688
39 years$8,366$5,341$3,300$1,986$1,172$611
40 years$8,066$5,082$3,093$1,832$1,063$543
41 years$7,782$4,837$2,900$1,690$964$483
42 years$7,512$4,607$2,720$1,560$875$429
43 years$7,255$4,389$2,553$1,440$794$381
44 years$7,010$4,184$2,396$1,329$721$339
45 years$6,777$3,990$2,250$1,228$654$302
46 years$6,555$3,806$2,113$1,134$594$268
47 years$6,343$3,632$1,985$1,048$540$238
48 years$6,140$3,467$1,866$968$490$212
49 years$5,946$3,311$1,754$895$445$189
50 years$5,760$3,163$1,649$827$404$168

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 $6,536 every year, while hoping to spend $44,250 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: 26/50/24 Blend
53$5,900,000$5,900,000$5,900,000$5,900,000
54$6,508,542$6,195,842$6,104,392$6,628,282
55$7,125,331$6,452,356$6,261,807$6,981,770
56$7,803,551$6,719,957$6,423,013$7,356,523
57$8,549,418$6,999,141$6,588,090$7,757,697
58$9,369,786$7,290,426$6,757,118$8,187,547
59$10,272,204$7,594,357$6,930,181$8,648,542
60$11,264,990$7,911,501$7,107,363$9,143,385
61$12,357,308$8,242,454$7,288,749$9,675,034
62$13,559,256$8,587,836$7,474,425$10,246,729
63$14,881,960$8,948,300$7,664,478$10,862,024
64$16,337,680$9,324,526$7,858,997$11,524,808
65$17,939,921$9,717,227$8,058,072$12,239,348
66$19,703,570$10,127,147$8,261,794$13,010,322
67$21,645,024$10,555,068$8,470,254$13,842,862
68$23,782,355$11,001,805$8,683,546$14,742,595
69$26,135,474$11,468,212$8,901,764$15,715,699
70$28,726,322$11,955,184$9,125,003$16,768,953
71$31,579,075$12,463,656$9,353,358$17,909,798
72$34,720,373$12,994,607$9,586,928$19,146,405
73$38,179,570$13,549,062$9,825,809$20,487,747
74$41,989,014$14,128,094$10,070,101$21,943,678
75$46,184,347$14,732,824$10,319,904$23,525,025
76$50,804,847$15,364,429$10,575,317$25,243,683
77$55,893,793$16,024,138$10,836,442$27,112,722
78$61,498,877$16,713,238$11,103,380$29,146,509
79$67,672,654$17,433,077$11,376,234$31,360,832
80$74,473,034$18,185,067$11,655,107$33,773,052
81$81,963,832$18,970,684$11,940,102$36,402,252
82$90,215,370$19,791,475$12,231,322$39,269,418
83$99,305,138$20,649,058$12,528,872$42,397,627
84$109,318,528$21,545,128$12,832,856$45,812,261
85$120,349,639$22,481,460$13,143,377$49,541,238
86$132,502,163$23,459,912$13,460,541$53,615,269
87$145,890,365$24,482,429$13,784,450$58,068,138
88$160,640,162$25,551,049$14,115,210$62,937,019
89$176,890,312$26,667,903$14,452,923$68,262,812
90$194,793,720$27,835,227$14,797,692$74,090,526
91$214,518,884$29,055,358$15,149,619$80,469,690
92$236,251,486$30,330,745$15,508,807$87,454,816
93$260,196,140$31,663,955$15,875,355$95,105,902
94$286,578,330$33,057,673$16,249,363$103,488,985
95$315,646,533$34,514,711$16,630,929$112,676,760
96$347,674,564$36,038,017$17,020,150$122,749,251
97$382,964,164$37,630,675$17,417,120$133,794,553
98$421,847,849$39,295,917$17,821,933$145,909,658
99$464,692,041$41,037,129$18,234,680$159,201,352
100$511,900,536$42,857,855$18,655,448$173,787,210