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%15%
1 years$495,474$491,061$486,755$482,552$478,448$468,597
2 years$245,284$240,716$236,289$231,996$227,833$217,952
3 years$161,899$157,311$152,895$148,642$144,546$134,945
4 years$120,214$115,640$111,268$107,088$103,092$93,844
5 years$95,210$90,663$86,349$82,254$78,369$69,500
6 years$78,545$74,033$69,782$65,779$62,010$53,531
7 years$66,647$62,173$57,990$54,081$50,431$42,343
8 years$57,728$53,294$49,180$45,367$41,837$34,137
9 years$50,794$46,402$42,359$38,643$35,233$27,916
10 years$45,250$40,901$36,929$33,310$30,020$23,079
11 years$40,717$36,412$32,512$28,990$25,819$19,245
12 years$36,942$32,681$28,853$25,428$22,374$16,158
13 years$33,751$29,534$25,779$22,449$19,510$13,641
14 years$31,018$26,846$23,162$19,928$17,103$11,569
15 years$28,651$24,524$20,912$17,772$15,059$9,849
16 years$26,582$22,500$18,960$15,913$13,309$8,410
17 years$24,759$20,722$17,253$14,298$11,801$7,201
18 years$23,140$19,148$15,750$12,885$10,492$6,179
19 years$21,693$17,746$14,418$11,643$9,352$5,312
20 years$20,392$16,491$13,232$10,545$8,354$4,574
21 years$19,217$15,360$12,171$9,570$7,475$3,944
22 years$18,150$14,338$11,218$8,701$6,701$3,405
23 years$17,177$13,410$10,357$7,925$6,015$2,942
24 years$16,287$12,565$9,579$7,228$5,406$2,544
25 years$15,469$11,791$8,872$6,601$4,865$2,202
26 years$14,715$11,082$8,228$6,035$4,382$1,907
27 years$14,018$10,429$7,641$5,524$3,951$1,652
28 years$13,373$9,828$7,103$5,061$3,565$1,433
29 years$12,773$9,271$6,610$4,641$3,219$1,242
30 years$12,213$8,756$6,157$4,260$2,909$1,078
31 years$11,691$8,277$5,740$3,912$2,630$935
32 years$11,203$7,832$5,355$3,595$2,379$812
33 years$10,745$7,417$5,000$3,306$2,153$705
34 years$10,315$7,029$4,672$3,042$1,949$612
35 years$9,911$6,667$4,368$2,800$1,765$532
36 years$9,529$6,328$4,086$2,579$1,599$462
37 years$9,170$6,010$3,825$2,376$1,450$401
38 years$8,830$5,712$3,582$2,190$1,314$349
39 years$8,508$5,432$3,356$2,020$1,192$303
40 years$8,203$5,168$3,145$1,863$1,081$263
41 years$7,914$4,919$2,949$1,719$981$229
42 years$7,639$4,685$2,766$1,586$890$199
43 years$7,378$4,464$2,596$1,464$808$173
44 years$7,129$4,255$2,437$1,352$733$150
45 years$6,892$4,057$2,288$1,248$666$131
46 years$6,666$3,871$2,149$1,153$604$114
47 years$6,450$3,694$2,019$1,065$549$99
48 years$6,244$3,526$1,897$985$498$86
49 years$6,047$3,367$1,783$910$453$75
50 years$5,858$3,217$1,677$841$411$65

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 $4,212 every year, while hoping to spend $49,684 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: 60/14/26 Blend
53$6,000,000$6,000,000$6,000,000$6,000,000
54$6,616,345$6,298,345$6,205,345$6,966,807
55$7,238,348$6,554,100$6,360,360$7,461,682
56$7,922,131$6,820,722$6,518,904$7,995,685
57$8,673,943$7,098,692$6,681,041$8,577,305
58$9,500,667$7,388,510$6,846,838$9,211,185
59$10,409,889$7,690,701$7,016,361$9,902,436
60$11,409,967$8,005,815$7,189,679$10,656,682
61$12,510,109$8,334,424$7,366,858$11,480,114
62$13,720,459$8,677,130$7,547,966$12,379,547
63$15,052,196$9,034,560$7,733,073$13,362,482
64$16,517,635$9,407,369$7,922,247$14,437,179
65$18,130,349$9,796,245$8,115,557$15,612,728
66$19,905,288$10,201,904$8,313,072$16,899,142
67$21,858,929$10,625,100$8,514,862$18,307,443
68$24,009,426$11,066,615$8,720,995$19,849,768
69$26,376,781$11,527,273$8,931,542$21,539,482
70$28,983,036$12,007,932$9,146,572$23,391,306
71$31,852,477$12,509,492$9,366,154$25,421,447
72$35,011,866$13,032,894$9,590,356$27,647,757
73$38,490,691$13,579,121$9,819,248$30,089,897
74$42,321,446$14,149,202$10,052,898$32,769,522
75$46,539,937$14,744,216$10,291,373$35,710,483
76$51,185,617$15,365,290$10,534,741$38,939,051
77$56,301,963$16,013,602$10,783,067$42,484,163
78$61,936,882$16,690,387$11,036,419$46,377,695
79$68,143,164$17,396,936$11,294,859$50,654,758
80$74,978,981$18,134,601$11,558,451$55,354,033
81$82,508,437$18,904,795$11,827,259$60,518,129
82$90,802,167$19,708,999$12,101,341$66,193,984
83$99,938,010$20,548,763$12,380,758$72,433,308
84$110,001,741$21,425,706$12,665,568$79,293,071
85$121,087,879$22,341,527$12,955,825$86,836,032
86$133,300,581$23,298,000$13,251,584$95,131,336
87$146,754,624$24,296,985$13,552,895$104,255,160
88$161,576,487$25,340,428$13,859,808$114,291,431
89$177,905,545$26,430,366$14,172,368$125,332,616
90$195,895,388$27,568,931$14,490,620$137,480,594
91$215,715,264$28,758,355$14,814,602$150,847,611
92$237,551,681$30,000,975$15,144,352$165,557,339
93$261,610,168$31,299,238$15,479,903$181,746,042
94$288,117,208$32,655,704$15,821,283$199,563,855
95$317,322,385$34,073,056$16,168,518$219,176,204
96$349,500,733$35,554,100$16,521,627$240,765,360
97$384,955,333$37,101,776$16,880,627$264,532,156
98$424,020,177$38,719,162$17,245,528$290,697,883
99$467,063,315$40,409,482$17,616,334$319,506,371
100$514,490,336$42,176,109$17,993,043$351,226,290