Can I retire at age 54 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$511,990$507,430$502,980$498,637$494,397$482,837
2 years$253,460$248,740$244,165$239,729$235,427$223,847
3 years$167,295$162,554$157,991$153,597$149,365$138,125
4 years$124,221$119,495$114,977$110,658$106,528$95,716
5 years$98,383$93,685$89,227$84,996$80,981$70,627
6 years$81,164$76,501$72,109$67,972$64,077$54,192
7 years$68,869$64,245$59,923$55,883$52,112$42,696
8 years$59,652$55,070$50,819$46,879$43,232$34,283
9 years$52,487$47,949$43,770$39,931$36,408$27,917
10 years$46,758$42,264$38,160$34,421$31,021$22,981
11 years$42,074$37,625$33,596$29,956$26,679$19,077
12 years$38,174$33,771$29,815$26,276$23,120$15,944
13 years$34,876$30,519$26,638$23,198$20,161$13,398
14 years$32,052$27,741$23,934$20,592$17,673$11,309
15 years$29,606$25,342$21,609$18,365$15,561$9,580
16 years$27,468$23,250$19,592$16,443$13,752$8,141
17 years$25,584$21,413$17,828$14,774$12,194$6,935
18 years$23,911$19,786$16,275$13,315$10,842$5,921
19 years$22,416$18,338$14,899$12,031$9,664$5,063
20 years$21,072$17,040$13,673$10,896$8,632$4,337
21 years$19,857$15,872$12,577$9,889$7,725$3,720
22 years$18,755$14,816$11,591$8,991$6,924$3,194
23 years$17,750$13,857$10,703$8,189$6,215$2,745
24 years$16,830$12,984$9,898$7,469$5,587$2,361
25 years$15,985$12,184$9,168$6,821$5,027$2,032
26 years$15,206$11,451$8,503$6,237$4,528$1,750
27 years$14,486$10,777$7,895$5,708$4,083$1,507
28 years$13,818$10,155$7,340$5,230$3,684$1,299
29 years$13,198$9,580$6,830$4,796$3,326$1,120
30 years$12,621$9,048$6,362$4,402$3,006$966
31 years$12,081$8,553$5,931$4,043$2,717$834
32 years$11,576$8,093$5,534$3,715$2,458$720
33 years$11,103$7,664$5,167$3,416$2,224$621
34 years$10,659$7,264$4,828$3,143$2,014$536
35 years$10,241$6,890$4,514$2,894$1,824$463
36 years$9,847$6,539$4,222$2,665$1,653$400
37 years$9,475$6,211$3,952$2,455$1,498$345
38 years$9,124$5,902$3,701$2,263$1,358$298
39 years$8,791$5,613$3,467$2,087$1,232$258
40 years$8,476$5,340$3,250$1,925$1,117$223
41 years$8,177$5,083$3,047$1,776$1,013$192
42 years$7,894$4,841$2,859$1,639$920$166
43 years$7,624$4,612$2,682$1,513$835$144
44 years$7,366$4,397$2,518$1,397$758$124
45 years$7,122$4,193$2,364$1,290$688$107
46 years$6,888$4,000$2,221$1,192$624$93
47 years$6,665$3,817$2,086$1,101$567$80
48 years$6,452$3,644$1,960$1,017$515$69
49 years$6,248$3,480$1,843$940$468$60
50 years$6,053$3,324$1,732$869$425$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,200,000, adding $5,141 every year, while hoping to spend $33,087 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: 39/48/13 Blend
53$6,200,000$6,200,000$6,200,000$6,200,000
54$6,837,703$6,509,103$6,413,003$7,077,432
55$7,499,944$6,792,845$6,592,634$7,531,794
56$8,228,625$7,089,381$6,777,174$8,019,148
57$9,030,488$7,399,303$6,966,752$8,545,373
58$9,912,961$7,723,232$7,161,502$9,113,992
59$10,884,229$8,061,817$7,361,558$9,728,868
60$11,953,311$8,415,736$7,567,061$10,394,239
61$13,130,144$8,785,703$7,778,153$11,114,753
62$14,425,678$9,172,462$7,994,981$11,895,511
63$15,851,980$9,576,795$8,217,694$12,742,112
64$17,422,342$9,999,518$8,446,448$13,660,703
65$19,151,416$10,441,490$8,681,399$14,658,032
66$21,055,343$10,903,605$8,922,708$15,741,509
67$23,151,911$11,386,805$9,170,542$16,919,276
68$25,460,720$11,892,072$9,425,069$18,200,274
69$28,003,368$12,420,438$9,686,463$19,594,328
70$30,803,653$12,972,982$9,954,902$21,112,233
71$33,887,803$13,550,834$10,230,568$22,765,856
72$37,284,714$14,155,180$10,513,647$24,568,237
73$41,026,231$14,787,261$10,804,331$26,533,713
74$45,147,445$15,448,375$11,102,814$28,678,047
75$49,687,024$16,139,885$11,409,298$31,018,569
76$54,687,577$16,863,216$11,723,986$33,574,338
77$60,196,060$17,619,864$12,047,090$36,366,316
78$66,264,215$18,411,394$12,378,824$39,417,557
79$72,949,058$19,239,445$12,719,408$42,753,422
80$80,313,421$20,105,737$13,069,067$46,401,809
81$88,426,541$21,012,069$13,428,032$50,393,414
82$97,364,716$21,960,328$13,796,538$54,762,008
83$107,212,022$22,952,489$14,174,828$59,544,755
84$118,061,111$23,990,624$14,563,147$64,782,550
85$130,014,081$25,076,901$14,961,749$70,520,398
86$143,183,442$26,213,595$15,370,893$76,807,835
87$157,693,178$27,403,085$15,790,842$83,699,380
88$173,679,915$28,647,869$16,221,868$91,255,046
89$191,294,213$29,950,562$16,664,248$99,540,895
90$210,701,986$31,313,903$17,118,264$108,629,653
91$232,086,069$32,740,764$17,584,206$118,601,381
92$255,647,942$34,234,155$18,062,370$129,544,227
93$281,609,632$35,797,229$18,553,060$141,555,244
94$310,215,810$37,433,289$19,056,583$154,741,291
95$341,736,102$39,145,799$19,573,258$169,220,035
96$376,467,629$40,938,388$20,103,407$185,121,043
97$414,737,817$42,814,859$20,647,361$202,586,995
98$456,907,485$44,779,198$21,205,458$221,775,018
99$503,374,251$46,835,581$21,778,043$242,858,149
100$554,576,286$48,988,386$22,365,469$266,026,957