Can I retire at age 54 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$503,732$499,245$494,868$490,595$486,423$476,601
2 years$249,372$244,728$240,227$235,863$231,630$221,778
3 years$164,597$159,933$155,443$151,120$146,955$137,381
4 years$122,217$117,567$113,123$108,873$104,810$95,586
5 years$96,796$92,174$87,788$83,625$79,675$70,828
6 years$79,855$75,267$70,946$66,876$63,044$54,583
7 years$67,758$63,209$58,956$54,982$51,272$43,199
8 years$58,690$54,182$49,999$46,123$42,535$34,848
9 years$51,640$47,175$43,064$39,287$35,820$28,514
10 years$46,004$41,583$37,545$33,866$30,521$23,589
11 years$41,396$37,019$33,054$29,473$26,249$19,682
12 years$37,558$33,226$29,334$25,852$22,747$16,535
13 years$34,313$30,026$26,208$22,823$19,836$13,969
14 years$31,535$27,293$23,548$20,260$17,388$11,855
15 years$29,129$24,933$21,261$18,068$15,310$10,099
16 years$27,025$22,875$19,276$16,178$13,531$8,630
17 years$25,171$21,067$17,540$14,536$11,997$7,395
18 years$23,525$19,467$16,012$13,100$10,667$6,350
19 years$22,054$18,042$14,658$11,837$9,508$5,463
20 years$20,732$16,766$13,453$10,721$8,493$4,708
21 years$19,537$15,616$12,374$9,730$7,600$4,062
22 years$18,452$14,577$11,405$8,846$6,812$3,510
23 years$17,463$13,634$10,530$8,057$6,115$3,035
24 years$16,558$12,774$9,739$7,348$5,496$2,627
25 years$15,727$11,988$9,020$6,711$4,946$2,275
26 years$14,960$11,267$8,365$6,136$4,455$1,972
27 years$14,252$10,603$7,768$5,616$4,017$1,710
28 years$13,596$9,991$7,221$5,146$3,624$1,484
29 years$12,985$9,426$6,720$4,719$3,273$1,288
30 years$12,417$8,902$6,260$4,331$2,957$1,118
31 years$11,886$8,415$5,836$3,977$2,673$971
32 years$11,390$7,962$5,445$3,655$2,418$844
33 years$10,924$7,540$5,084$3,361$2,189$733
34 years$10,487$7,147$4,750$3,093$1,982$637
35 years$10,076$6,778$4,441$2,847$1,795$554
36 years$9,688$6,434$4,154$2,622$1,626$482
37 years$9,322$6,111$3,888$2,416$1,474$419
38 years$8,977$5,807$3,641$2,227$1,336$364
39 years$8,650$5,522$3,412$2,053$1,212$317
40 years$8,340$5,254$3,198$1,894$1,099$276
41 years$8,046$5,001$2,998$1,747$997$240
42 years$7,766$4,763$2,813$1,613$905$209
43 years$7,501$4,538$2,639$1,489$821$181
44 years$7,248$4,326$2,477$1,374$745$158
45 years$7,007$4,125$2,326$1,269$677$137
46 years$6,777$3,935$2,185$1,172$614$119
47 years$6,558$3,755$2,053$1,083$558$104
48 years$6,348$3,585$1,929$1,001$507$90
49 years$6,148$3,423$1,813$925$460$79
50 years$5,956$3,270$1,704$855$418$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,100,000, adding $5,448 every year, while hoping to spend $39,856 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: 56/18/26 Blend
53$6,100,000$6,100,000$6,100,000$6,100,000
54$6,727,820$6,404,520$6,309,970$7,056,306
55$7,371,651$6,675,935$6,478,947$7,553,867
56$8,079,817$6,959,313$6,652,250$8,091,065
57$8,858,838$7,255,199$6,829,980$8,675,545
58$9,715,898$7,564,163$7,012,243$9,311,874
59$10,658,912$7,886,799$7,199,145$10,005,079
60$11,696,601$8,223,732$7,390,797$10,760,690
61$12,838,575$8,575,616$7,587,309$11,584,788
62$14,095,421$8,943,132$7,788,795$12,484,069
63$15,478,806$9,326,998$7,995,372$13,465,898
64$17,001,584$9,727,960$8,207,156$14,538,381
65$18,677,919$10,146,804$8,424,270$15,710,439
66$20,523,419$10,584,350$8,646,835$16,991,893
67$22,555,281$11,041,456$8,874,977$18,393,551
68$24,792,455$11,519,023$9,108,825$19,927,312
69$27,255,822$12,017,991$9,348,506$21,606,274
70$29,968,390$12,539,347$9,594,155$23,444,858
71$32,955,513$13,084,122$9,845,907$25,458,943
72$36,245,128$13,653,397$10,103,897$27,666,009
73$39,868,021$14,248,303$10,368,268$30,085,307
74$43,858,114$14,870,025$10,639,160$32,738,033
75$48,252,789$15,519,803$10,916,719$35,647,528
76$53,093,237$16,198,937$11,201,092$38,839,499
77$58,424,848$16,908,786$11,492,430$42,342,253
78$64,297,641$17,650,775$11,790,885$46,186,969
79$70,766,733$18,426,396$12,096,612$50,407,983
80$77,892,860$19,237,210$12,409,769$55,043,115
81$85,742,952$20,084,853$12,730,517$60,134,020
82$94,390,761$20,971,039$13,059,017$65,726,580
83$103,917,561$21,897,562$13,395,436$71,871,334
84$114,412,911$22,866,301$13,739,942$78,623,952
85$125,975,502$23,879,225$14,092,705$86,045,755
86$138,714,092$24,938,395$14,453,899$94,204,295
87$152,748,523$26,045,970$14,823,699$103,173,985
88$168,210,863$27,204,214$15,202,283$113,036,802
89$185,246,645$28,415,493$15,589,833$123,883,054
90$204,016,241$29,682,291$15,986,531$135,812,227
91$224,696,382$31,007,207$16,392,563$148,933,926
92$247,481,816$32,392,964$16,808,118$163,368,900
93$272,587,157$33,842,415$17,233,386$179,250,182
94$300,248,902$35,358,548$17,668,559$196,724,333
95$330,727,667$36,944,494$18,113,833$215,952,831
96$364,310,648$38,603,533$18,569,405$237,113,581
97$401,314,329$40,339,101$19,035,474$260,402,596
98$442,087,470$42,154,797$19,512,243$286,035,836
99$487,014,404$44,054,393$19,999,915$314,251,248
100$536,518,656$46,041,841$20,498,694$345,310,999