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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.5%
1 years$511,990$507,430$502,980$498,637$494,397$489,234
2 years$253,460$248,740$244,165$239,729$235,427$230,228
3 years$167,295$162,554$157,991$153,597$149,365$144,290
4 years$124,221$119,495$114,977$110,658$106,528$101,618
5 years$98,383$93,685$89,227$84,996$80,981$76,249
6 years$81,164$76,501$72,109$67,972$64,077$59,530
7 years$68,869$64,245$59,923$55,883$52,112$47,751
8 years$59,652$55,070$50,819$46,879$43,232$39,057
9 years$52,487$47,949$43,770$39,931$36,408$32,417
10 years$46,758$42,264$38,160$34,421$31,021$27,212
11 years$42,074$37,625$33,596$29,956$26,679$23,049
12 years$38,174$33,771$29,815$26,276$23,120$19,664
13 years$34,876$30,519$26,638$23,198$20,161$16,877
14 years$32,052$27,741$23,934$20,592$17,673$14,555
15 years$29,606$25,342$21,609$18,365$15,561$12,604
16 years$27,468$23,250$19,592$16,443$13,752$10,953
17 years$25,584$21,413$17,828$14,774$12,194$9,546
18 years$23,911$19,786$16,275$13,315$10,842$8,341
19 years$22,416$18,338$14,899$12,031$9,664$7,303
20 years$21,072$17,040$13,673$10,896$8,632$6,407
21 years$19,857$15,872$12,577$9,889$7,725$5,629
22 years$18,755$14,816$11,591$8,991$6,924$4,953
23 years$17,750$13,857$10,703$8,189$6,215$4,364
24 years$16,830$12,984$9,898$7,469$5,587$3,848
25 years$15,985$12,184$9,168$6,821$5,027$3,397
26 years$15,206$11,451$8,503$6,237$4,528$3,001
27 years$14,486$10,777$7,895$5,708$4,083$2,653
28 years$13,818$10,155$7,340$5,230$3,684$2,347
29 years$13,198$9,580$6,830$4,796$3,326$2,077
30 years$12,621$9,048$6,362$4,402$3,006$1,840
31 years$12,081$8,553$5,931$4,043$2,717$1,630
32 years$11,576$8,093$5,534$3,715$2,458$1,444
33 years$11,103$7,664$5,167$3,416$2,224$1,281
34 years$10,659$7,264$4,828$3,143$2,014$1,136
35 years$10,241$6,890$4,514$2,894$1,824$1,007
36 years$9,847$6,539$4,222$2,665$1,653$894
37 years$9,475$6,211$3,952$2,455$1,498$793
38 years$9,124$5,902$3,701$2,263$1,358$704
39 years$8,791$5,613$3,467$2,087$1,232$625
40 years$8,476$5,340$3,250$1,925$1,117$555
41 years$8,177$5,083$3,047$1,776$1,013$493
42 years$7,894$4,841$2,859$1,639$920$438
43 years$7,624$4,612$2,682$1,513$835$389
44 years$7,366$4,397$2,518$1,397$758$345
45 years$7,122$4,193$2,364$1,290$688$307
46 years$6,888$4,000$2,221$1,192$624$272
47 years$6,665$3,817$2,086$1,101$567$242
48 years$6,452$3,644$1,960$1,017$515$215
49 years$6,248$3,480$1,843$940$468$191
50 years$6,053$3,324$1,732$869$425$170

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 $2,254 every year, while hoping to spend $55,246 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: 36/47/17 Blend
53$6,200,000$6,200,000$6,200,000$6,200,000
54$6,834,725$6,506,125$6,410,025$7,045,244
55$7,473,086$6,766,144$6,565,980$7,458,091
56$8,174,707$7,037,052$6,725,307$7,898,119
57$8,945,985$7,319,325$6,888,062$8,371,989
58$9,793,962$7,613,459$7,054,299$8,882,751
59$10,726,401$7,919,973$7,224,073$9,433,751
60$11,751,853$8,239,410$7,397,438$10,028,657
61$12,879,738$8,572,338$7,574,449$10,671,496
62$14,120,438$8,919,349$7,755,159$11,366,689
63$15,485,388$9,281,062$7,939,622$12,119,088
64$16,987,190$9,658,127$8,127,892$12,934,020
65$18,639,729$10,051,220$8,320,021$13,817,338
66$20,458,301$10,461,050$8,516,062$14,775,469
67$22,459,763$10,888,357$8,716,066$15,815,474
68$24,662,688$11,333,915$8,920,083$16,945,113
69$27,087,540$11,798,535$9,128,164$18,172,912
70$29,756,869$12,283,063$9,340,357$19,508,243
71$32,695,520$12,788,384$9,556,710$20,961,409
72$35,930,873$13,315,425$9,777,270$22,543,735
73$39,493,095$13,865,153$10,002,081$24,267,676
74$43,415,428$14,438,583$10,231,187$26,146,926
75$47,734,501$15,036,772$10,464,631$28,196,548
76$52,490,676$15,660,830$10,702,452$30,433,106
77$57,728,429$16,311,916$10,944,689$32,874,824
78$63,496,770$16,991,241$11,191,378$35,541,750
79$69,849,704$17,700,074$11,442,551$38,455,939
80$76,846,738$18,439,743$11,698,242$41,641,660
81$84,553,450$19,211,635$11,958,477$45,125,618
82$93,042,099$20,017,202$12,223,284$48,937,200
83$102,392,313$20,857,964$12,492,683$53,108,750
84$112,691,836$21,735,511$12,766,695$57,675,865
85$124,037,358$22,651,507$13,045,335$62,677,727
86$136,535,429$23,607,691$13,328,614$68,157,468
87$150,303,461$24,605,886$13,616,540$74,162,565
88$165,470,836$25,647,996$13,909,116$80,745,289
89$182,180,131$26,736,018$14,206,341$87,963,186
90$200,588,459$27,872,037$14,508,209$95,879,614
91$220,868,954$29,058,240$14,814,706$104,564,334
92$243,212,404$30,296,910$15,125,815$114,094,160
93$267,829,053$31,590,443$15,441,514$124,553,676
94$294,950,584$32,941,341$15,761,772$136,036,024
95$324,832,303$34,352,227$16,086,551$148,643,778
96$357,755,556$35,825,845$16,415,809$162,489,896
97$394,030,378$37,365,066$16,749,493$177,698,784
98$433,998,419$38,972,897$17,087,544$194,407,454
99$478,036,174$40,652,485$17,429,893$212,766,809
100$526,558,533$42,407,126$17,776,463$232,943,054