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%12.9%
1 years$511,990$507,430$502,980$498,637$494,397$488,421
2 years$253,460$248,740$244,165$239,729$235,427$229,413
3 years$167,295$162,554$157,991$153,597$149,365$143,500
4 years$124,221$119,495$114,977$110,658$106,528$100,857
5 years$98,383$93,685$89,227$84,996$80,981$75,520
6 years$81,164$76,501$72,109$67,972$64,077$58,834
7 years$68,869$64,245$59,923$55,883$52,112$47,087
8 years$59,652$55,070$50,819$46,879$43,232$38,426
9 years$52,487$47,949$43,770$39,931$36,408$31,818
10 years$46,758$42,264$38,160$34,421$31,021$26,645
11 years$42,074$37,625$33,596$29,956$26,679$22,513
12 years$38,174$33,771$29,815$26,276$23,120$19,158
13 years$34,876$30,519$26,638$23,198$20,161$16,400
14 years$32,052$27,741$23,934$20,592$17,673$14,106
15 years$29,606$25,342$21,609$18,365$15,561$12,183
16 years$27,468$23,250$19,592$16,443$13,752$10,558
17 years$25,584$21,413$17,828$14,774$12,194$9,176
18 years$23,911$19,786$16,275$13,315$10,842$7,994
19 years$22,416$18,338$14,899$12,031$9,664$6,980
20 years$21,072$17,040$13,673$10,896$8,632$6,105
21 years$19,857$15,872$12,577$9,889$7,725$5,348
22 years$18,755$14,816$11,591$8,991$6,924$4,691
23 years$17,750$13,857$10,703$8,189$6,215$4,120
24 years$16,830$12,984$9,898$7,469$5,587$3,622
25 years$15,985$12,184$9,168$6,821$5,027$3,188
26 years$15,206$11,451$8,503$6,237$4,528$2,807
27 years$14,486$10,777$7,895$5,708$4,083$2,474
28 years$13,818$10,155$7,340$5,230$3,684$2,181
29 years$13,198$9,580$6,830$4,796$3,326$1,925
30 years$12,621$9,048$6,362$4,402$3,006$1,699
31 years$12,081$8,553$5,931$4,043$2,717$1,500
32 years$11,576$8,093$5,534$3,715$2,458$1,325
33 years$11,103$7,664$5,167$3,416$2,224$1,171
34 years$10,659$7,264$4,828$3,143$2,014$1,035
35 years$10,241$6,890$4,514$2,894$1,824$915
36 years$9,847$6,539$4,222$2,665$1,653$809
37 years$9,475$6,211$3,952$2,455$1,498$716
38 years$9,124$5,902$3,701$2,263$1,358$633
39 years$8,791$5,613$3,467$2,087$1,232$560
40 years$8,476$5,340$3,250$1,925$1,117$495
41 years$8,177$5,083$3,047$1,776$1,013$438
42 years$7,894$4,841$2,859$1,639$920$388
43 years$7,624$4,612$2,682$1,513$835$343
44 years$7,366$4,397$2,518$1,397$758$304
45 years$7,122$4,193$2,364$1,290$688$269
46 years$6,888$4,000$2,221$1,192$624$238
47 years$6,665$3,817$2,086$1,101$567$211
48 years$6,452$3,644$1,960$1,017$515$187
49 years$6,248$3,480$1,843$940$468$165
50 years$6,053$3,324$1,732$869$425$146

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 $6,296 every year, while hoping to spend $38,436 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: 73/20/7 Blend
53$6,200,000$6,200,000$6,200,000$6,200,000
54$6,838,894$6,510,294$6,414,194$7,330,949
55$7,495,566$6,788,403$6,588,174$7,934,253
56$8,217,930$7,078,851$6,766,694$8,589,329
57$9,012,646$7,382,202$6,949,866$9,305,656
58$9,887,053$7,699,047$7,137,803$10,089,270
59$10,849,235$8,030,003$7,330,622$10,946,814
60$11,908,102$8,375,718$7,528,443$11,885,598
61$13,073,468$8,736,868$7,731,386$12,913,670
62$14,356,151$9,114,163$7,939,576$14,039,889
63$15,768,066$9,508,345$8,153,140$15,274,007
64$17,322,346$9,920,191$8,372,207$16,626,760
65$19,033,459$10,350,515$8,596,910$18,109,968
66$20,917,349$10,800,167$8,827,384$19,736,645
67$22,991,584$11,270,041$9,063,767$21,521,121
68$25,275,522$11,761,070$9,306,199$23,479,177
69$27,790,494$12,274,231$9,554,826$25,628,186
70$30,560,005$12,810,548$9,809,792$27,987,283
71$33,609,954$13,371,093$10,071,249$30,577,541
72$36,968,882$13,956,989$10,339,348$33,422,164
73$40,668,238$14,569,412$10,614,247$36,546,710
74$44,742,677$15,209,592$10,896,103$39,979,329
75$49,230,386$15,878,819$11,185,079$43,751,023
76$54,173,447$16,578,442$11,481,340$47,895,939
77$59,618,229$17,309,876$11,785,056$52,451,690
78$65,615,830$18,074,602$12,096,397$57,459,704
79$72,222,558$18,874,170$12,415,539$62,965,618
80$79,500,460$19,710,206$12,742,661$69,019,699
81$87,517,911$20,584,410$13,077,944$75,677,324
82$96,350,256$21,498,565$13,421,574$82,999,493
83$106,080,525$22,454,537$13,773,739$91,053,403
84$116,800,211$23,454,282$14,134,632$99,913,082
85$128,610,139$24,499,848$14,504,448$109,660,085
86$141,621,413$25,593,380$14,883,387$120,384,255
87$155,956,467$26,737,126$15,271,650$132,184,571
88$171,750,222$27,933,440$15,669,446$145,170,081
89$189,151,355$29,184,789$16,076,982$159,460,923
90$208,323,705$30,493,756$16,494,474$175,189,457
91$229,447,821$31,863,048$16,922,137$192,501,511
92$252,722,663$33,295,501$17,360,192$211,557,750
93$278,367,480$34,794,086$17,808,864$232,535,193
94$306,623,882$36,361,915$18,268,380$255,628,876
95$337,758,119$38,002,250$18,738,972$281,053,685
96$372,063,594$39,718,507$19,220,874$309,046,387
97$409,863,633$41,514,267$19,714,326$339,867,854
98$451,514,538$43,393,280$20,219,570$373,805,520
99$497,408,946$45,359,476$20,736,851$411,176,089
100$547,979,541$47,416,973$21,266,418$452,328,521