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%20%
1 years$487,216$482,877$478,642$474,510$470,474$451,629
2 years$241,196$236,704$232,351$228,130$224,035$205,286
3 years$159,200$154,689$150,346$146,165$142,137$124,074
4 years$118,210$113,713$109,414$105,304$101,373$84,134
5 years$93,623$89,152$84,909$80,883$77,063$60,690
6 years$77,236$72,799$68,619$64,683$60,977$45,482
7 years$65,536$61,137$57,023$53,179$49,591$34,967
8 years$56,765$52,406$48,360$44,611$41,140$27,373
9 years$49,947$45,628$41,653$37,999$34,646$21,714
10 years$44,496$40,219$36,314$32,755$29,520$17,398
11 years$40,038$35,805$31,970$28,507$25,388$14,047
12 years$36,327$32,136$28,373$25,004$22,001$11,410
13 years$33,188$29,042$25,349$22,075$19,185$9,313
14 years$30,501$26,398$22,776$19,596$16,818$7,629
15 years$28,174$24,115$20,564$17,476$14,808$6,270
16 years$26,139$22,125$18,644$15,648$13,087$5,165
17 years$24,346$20,377$16,965$14,059$11,604$4,263
18 years$22,754$18,829$15,487$12,670$10,318$3,525
19 years$21,331$17,450$14,178$11,449$9,196$2,919
20 years$20,052$16,216$13,012$10,369$8,214$2,419
21 years$18,897$15,104$11,968$9,411$7,351$2,007
22 years$17,847$14,099$11,031$8,556$6,589$1,666
23 years$16,891$13,187$10,185$7,792$5,915$1,384
24 years$16,015$12,355$9,419$7,107$5,316$1,151
25 years$15,211$11,595$8,724$6,491$4,784$957
26 years$14,470$10,897$8,091$5,935$4,309$796
27 years$13,785$10,256$7,513$5,432$3,885$662
28 years$13,150$9,664$6,985$4,977$3,506$551
29 years$12,560$9,117$6,500$4,564$3,165$459
30 years$12,010$8,610$6,054$4,189$2,860$382
31 years$11,497$8,139$5,644$3,847$2,586$318
32 years$11,016$7,701$5,266$3,535$2,339$265
33 years$10,566$7,293$4,917$3,251$2,117$221
34 years$10,143$6,912$4,594$2,991$1,917$184
35 years$9,745$6,556$4,295$2,754$1,736$153
36 years$9,371$6,223$4,018$2,536$1,573$128
37 years$9,017$5,910$3,761$2,337$1,426$106
38 years$8,682$5,617$3,522$2,154$1,292$89
39 years$8,366$5,341$3,300$1,986$1,172$74
40 years$8,066$5,082$3,093$1,832$1,063$61
41 years$7,782$4,837$2,900$1,690$964$51
42 years$7,512$4,607$2,720$1,560$875$43
43 years$7,255$4,389$2,553$1,440$794$36
44 years$7,010$4,184$2,396$1,329$721$30
45 years$6,777$3,990$2,250$1,228$654$25
46 years$6,555$3,806$2,113$1,134$594$21
47 years$6,343$3,632$1,985$1,048$540$17
48 years$6,140$3,467$1,866$968$490$14
49 years$5,946$3,311$1,754$895$445$12
50 years$5,760$3,163$1,649$827$404$10

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 $6,296 every year, while hoping to spend $58,536 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: 51/31/18 Blend
53$5,900,000$5,900,000$5,900,000$5,900,000
54$6,508,294$6,195,594$6,104,144$6,807,615
55$7,109,858$6,436,897$6,246,351$7,255,667
56$7,770,820$6,688,061$6,391,360$7,735,937
57$8,497,177$6,949,508$6,539,204$8,256,835
58$9,295,534$7,221,679$6,689,912$8,822,224
59$10,173,170$7,505,034$6,843,516$9,436,350
60$11,138,105$7,800,051$7,000,045$10,103,881
61$12,199,171$8,107,234$7,159,526$10,829,951
62$13,366,104$8,427,105$7,321,987$11,620,205
63$14,649,626$8,760,213$7,487,453$12,480,853
64$16,061,552$9,107,128$7,655,948$13,418,727
65$17,614,902$9,468,449$7,827,494$14,441,341
66$19,324,018$9,844,799$8,002,111$15,556,964
67$21,204,705$10,236,831$8,179,818$16,774,693
68$23,274,375$10,645,226$8,360,632$18,104,540
69$25,552,215$11,070,696$8,544,568$19,557,523
70$28,059,367$11,513,986$8,731,636$21,145,768
71$30,819,124$11,975,872$8,921,847$22,882,621
72$33,857,153$12,457,169$9,115,208$24,782,775
73$37,201,738$12,958,726$9,311,723$26,862,401
74$40,884,042$13,481,430$9,511,392$29,139,303
75$44,938,404$14,026,210$9,714,214$31,633,082
76$49,402,664$14,594,036$9,920,182$34,365,320
77$54,318,514$15,185,923$10,129,287$37,359,778
78$59,731,900$15,802,931$10,341,516$40,642,619
79$65,693,448$16,446,168$10,556,851$44,242,654
80$72,258,944$17,116,794$10,775,269$48,191,610
81$79,489,860$17,816,021$10,996,745$52,524,424
82$87,453,936$18,545,116$11,221,246$57,279,574
83$96,225,814$19,305,405$11,448,735$62,499,435
84$105,887,750$20,098,271$11,679,170$68,230,679
85$116,530,380$20,925,166$11,912,501$74,524,707
86$128,253,583$21,787,604$12,148,675$81,438,138
87$141,167,423$22,687,171$12,387,629$89,033,333
88$155,393,181$23,625,523$12,629,296$97,378,981
89$171,064,507$24,604,395$12,873,599$106,550,747
90$188,328,676$25,625,601$13,120,454$116,631,976
91$207,347,982$26,691,036$13,369,771$127,714,481
92$228,301,266$27,802,686$13,621,447$139,899,401
93$251,385,603$28,962,626$13,875,374$153,298,152
94$276,818,168$30,173,028$14,131,432$168,033,474
95$304,838,278$31,436,163$14,389,492$184,240,584
96$335,709,656$32,754,409$14,649,414$202,068,446
97$369,722,917$34,130,252$14,911,046$221,681,173
98$407,198,314$35,566,293$15,174,225$243,259,570
99$448,488,757$37,065,256$15,438,776$267,002,832
100$493,983,145$38,629,989$15,704,511$293,130,421