Can I retire at age 54 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$495,474$491,061$486,755$482,552$478,448$475,832
2 years$245,284$240,716$236,289$231,996$227,833$225,193
3 years$161,899$157,311$152,895$148,642$144,546$141,964
4 years$120,214$115,640$111,268$107,088$103,092$100,588
5 years$95,210$90,663$86,349$82,254$78,369$75,950
6 years$78,545$74,033$69,782$65,779$62,010$59,680
7 years$66,647$62,173$57,990$54,081$50,431$48,191
8 years$57,728$53,294$49,180$45,367$41,837$39,687
9 years$50,794$46,402$42,359$38,643$35,233$33,172
10 years$45,250$40,901$36,929$33,310$30,020$28,047
11 years$40,717$36,412$32,512$28,990$25,819$23,932
12 years$36,942$32,681$28,853$25,428$22,374$20,573
13 years$33,751$29,534$25,779$22,449$19,510$17,793
14 years$31,018$26,846$23,162$19,928$17,103$15,467
15 years$28,651$24,524$20,912$17,772$15,059$13,502
16 years$26,582$22,500$18,960$15,913$13,309$11,830
17 years$24,759$20,722$17,253$14,298$11,801$10,396
18 years$23,140$19,148$15,750$12,885$10,492$9,161
19 years$21,693$17,746$14,418$11,643$9,352$8,091
20 years$20,392$16,491$13,232$10,545$8,354$7,160
21 years$19,217$15,360$12,171$9,570$7,475$6,347
22 years$18,150$14,338$11,218$8,701$6,701$5,635
23 years$17,177$13,410$10,357$7,925$6,015$5,010
24 years$16,287$12,565$9,579$7,228$5,406$4,459
25 years$15,469$11,791$8,872$6,601$4,865$3,973
26 years$14,715$11,082$8,228$6,035$4,382$3,543
27 years$14,018$10,429$7,641$5,524$3,951$3,162
28 years$13,373$9,828$7,103$5,061$3,565$2,824
29 years$12,773$9,271$6,610$4,641$3,219$2,524
30 years$12,213$8,756$6,157$4,260$2,909$2,257
31 years$11,691$8,277$5,740$3,912$2,630$2,019
32 years$11,203$7,832$5,355$3,595$2,379$1,807
33 years$10,745$7,417$5,000$3,306$2,153$1,618
34 years$10,315$7,029$4,672$3,042$1,949$1,450
35 years$9,911$6,667$4,368$2,800$1,765$1,299
36 years$9,529$6,328$4,086$2,579$1,599$1,164
37 years$9,170$6,010$3,825$2,376$1,450$1,044
38 years$8,830$5,712$3,582$2,190$1,314$936
39 years$8,508$5,432$3,356$2,020$1,192$839
40 years$8,203$5,168$3,145$1,863$1,081$753
41 years$7,914$4,919$2,949$1,719$981$676
42 years$7,639$4,685$2,766$1,586$890$606
43 years$7,378$4,464$2,596$1,464$808$544
44 years$7,129$4,255$2,437$1,352$733$488
45 years$6,892$4,057$2,288$1,248$666$438
46 years$6,666$3,871$2,149$1,153$604$393
47 years$6,450$3,694$2,019$1,065$549$353
48 years$6,244$3,526$1,897$985$498$317
49 years$6,047$3,367$1,783$910$453$285
50 years$5,858$3,217$1,677$841$411$256

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,000,000, adding $6,500 every year, while hoping to spend $22,111 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: 35/46/19 Blend
53$6,000,000$6,000,000$6,000,000$6,000,000
54$6,618,705$6,300,705$6,207,705$6,811,719
55$7,270,287$6,585,913$6,392,137$7,238,828
56$7,987,589$6,884,356$6,582,007$7,696,834
57$8,777,292$7,196,658$6,777,472$8,190,552
58$9,646,755$7,523,474$6,978,698$8,723,171
59$10,604,091$7,865,492$7,185,851$9,298,183
60$11,658,236$8,223,428$7,399,105$9,919,415
61$12,819,039$8,598,039$7,618,637$10,591,065
62$14,097,351$8,990,113$7,844,631$11,317,737
63$15,505,130$9,400,477$8,077,276$12,104,477
64$17,055,552$9,830,000$8,316,764$12,956,825
65$18,763,138$10,279,590$8,563,295$13,880,859
66$20,643,887$10,750,199$8,817,074$14,883,251
67$22,715,431$11,242,825$9,078,313$15,971,322
68$24,997,196$11,758,515$9,347,228$17,153,115
69$27,510,593$12,298,365$9,624,043$18,437,460
70$30,279,211$12,863,523$9,908,987$19,834,055
71$33,329,050$13,455,194$10,202,296$21,353,554
72$36,688,754$14,074,640$10,504,214$23,007,664
73$40,389,892$14,723,183$10,814,991$24,809,248
74$44,467,252$15,402,209$11,134,884$26,772,443
75$48,959,166$16,113,172$11,464,157$28,912,786
76$53,907,878$16,857,595$11,803,083$31,247,360
77$59,359,937$17,637,072$12,151,942$33,794,944
78$65,366,640$18,453,278$12,511,021$36,576,186
79$71,984,514$19,307,965$12,880,617$39,613,794
80$79,275,851$20,202,972$13,261,035$42,932,741
81$87,309,296$21,140,226$13,652,587$46,560,494
82$96,160,492$22,121,745$14,055,597$50,527,267
83$105,912,798$23,149,646$14,470,395$54,866,297
84$116,658,073$24,226,149$14,897,323$59,614,153
85$128,497,544$25,353,578$15,336,732$64,811,069
86$141,542,763$26,534,372$15,788,981$70,501,318
87$155,916,656$27,771,088$16,254,443$76,733,619
88$171,754,686$29,066,402$16,733,498$83,561,587
89$189,206,134$30,423,126$17,226,540$91,044,233
90$208,435,502$31,844,201$17,733,971$99,246,505
91$229,624,071$33,332,715$18,256,207$108,239,894
92$252,971,610$34,891,902$18,793,675$118,103,097
93$278,698,265$36,525,155$19,346,813$128,922,745
94$307,046,629$38,236,030$19,916,073$140,794,213
95$338,284,043$40,028,253$20,501,919$153,822,503
96$372,705,111$41,905,733$21,104,829$168,123,224
97$410,634,485$43,872,566$21,725,293$183,823,668
98$452,429,929$45,933,048$22,363,817$201,063,995
99$498,485,696$48,091,682$23,020,919$219,998,545
100$549,236,250$50,353,188$23,697,133$240,797,273