Can I retire at age 54 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$520,248$515,614$511,093$506,680$502,371$490,824
2 years$257,549$252,752$248,103$243,596$239,224$227,655
3 years$169,994$165,176$160,539$156,074$151,774$140,543
4 years$126,225$121,422$116,831$112,443$108,246$97,441
5 years$99,970$95,196$90,666$86,367$82,287$71,937
6 years$82,473$77,735$73,272$69,068$65,111$55,228
7 years$69,980$65,282$60,889$56,785$52,953$43,537
8 years$60,614$55,958$51,639$47,635$43,929$34,978
9 years$53,333$48,722$44,476$40,575$36,995$28,501
10 years$47,512$42,946$38,776$34,976$31,521$23,475
11 years$42,753$38,232$34,137$30,439$27,110$19,501
12 years$38,789$34,315$30,296$26,700$23,493$16,309
13 years$35,438$31,011$27,068$23,572$20,486$13,714
14 years$32,569$28,188$24,320$20,924$17,958$11,583
15 years$30,084$25,750$21,958$18,661$15,812$9,819
16 years$27,911$23,625$19,908$16,709$13,974$8,350
17 years$25,997$21,758$18,116$15,013$12,391$7,118
18 years$24,297$20,106$16,537$13,529$11,017$6,081
19 years$22,777$18,634$15,139$12,225$9,820$5,205
20 years$21,412$17,315$13,894$11,072$8,771$4,462
21 years$20,178$16,128$12,780$10,049$7,849$3,829
22 years$19,057$15,055$11,778$9,136$7,036$3,290
23 years$18,036$14,081$10,875$8,321$6,316$2,830
24 years$17,101$13,193$10,058$7,589$5,677$2,436
25 years$16,242$12,381$9,316$6,931$5,108$2,098
26 years$15,451$11,636$8,640$6,337$4,601$1,808
27 years$14,719$10,951$8,023$5,801$4,148$1,559
28 years$14,041$10,319$7,458$5,315$3,743$1,345
29 years$13,411$9,735$6,940$4,874$3,380$1,161
30 years$12,824$9,193$6,465$4,473$3,054$1,002
31 years$12,276$8,691$6,027$4,108$2,761$865
32 years$11,763$8,223$5,623$3,775$2,498$748
33 years$11,282$7,788$5,250$3,472$2,260$646
34 years$10,831$7,381$4,906$3,194$2,047$558
35 years$10,406$7,001$4,586$2,940$1,854$482
36 years$10,006$6,645$4,291$2,708$1,679$417
37 years$9,628$6,311$4,016$2,495$1,522$360
38 years$9,271$5,998$3,761$2,300$1,380$311
39 years$8,933$5,703$3,523$2,121$1,251$269
40 years$8,613$5,426$3,302$1,956$1,135$233
41 years$8,309$5,165$3,097$1,805$1,030$201
42 years$8,021$4,919$2,905$1,665$934$174
43 years$7,746$4,687$2,726$1,537$848$151
44 years$7,485$4,468$2,559$1,419$770$130
45 years$7,236$4,260$2,402$1,311$699$113
46 years$6,999$4,064$2,256$1,211$634$97
47 years$6,773$3,878$2,120$1,119$576$84
48 years$6,556$3,702$1,992$1,034$523$73
49 years$6,349$3,536$1,872$955$475$63
50 years$6,151$3,377$1,760$883$432$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,300,000, adding $5,953 every year, while hoping to spend $46,511 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: 53/19/28 Blend
53$6,300,000$6,300,000$6,300,000$6,300,000
54$6,948,741$6,614,841$6,517,191$7,262,383
55$7,608,025$6,889,480$6,686,029$7,755,089
56$8,332,997$7,176,019$6,858,965$8,285,783
57$9,130,309$7,474,989$7,036,086$8,862,421
58$10,007,287$7,786,951$7,217,482$9,489,420
59$10,972,007$8,112,488$7,403,244$10,171,637
60$12,033,363$8,452,212$7,593,465$10,914,417
61$13,201,158$8,806,761$7,788,237$11,723,640
62$14,486,189$9,176,806$7,987,656$12,605,774
63$15,900,358$9,563,047$8,191,820$13,567,937
64$17,456,773$9,966,215$8,400,825$14,617,959
65$19,169,882$10,387,078$8,614,771$15,764,461
66$21,055,603$10,826,437$8,833,758$17,016,929
67$23,131,474$11,285,133$9,057,889$18,385,804
68$25,416,823$11,764,042$9,287,266$19,882,578
69$27,932,944$12,264,086$9,521,995$21,519,903
70$30,703,303$12,786,225$9,762,181$23,311,706
71$33,753,756$13,331,466$10,007,930$25,273,322
72$37,112,796$13,900,864$10,259,352$27,421,632
73$40,811,816$14,495,522$10,516,555$29,775,224
74$44,885,412$15,116,593$10,779,651$32,354,567
75$49,371,705$15,765,287$11,048,750$35,182,199
76$54,312,701$16,442,868$11,323,965$38,282,938
77$59,754,689$17,150,661$11,605,410$41,684,118
78$65,748,675$17,890,051$11,893,200$45,415,838
79$72,350,867$18,662,491$12,187,449$49,511,251
80$79,623,201$19,469,498$12,488,274$54,006,866
81$87,633,928$20,312,664$12,795,791$58,942,898
82$96,458,257$21,193,654$13,110,120$64,363,641
83$106,179,067$22,114,211$13,431,376$70,317,881
84$116,887,685$23,076,160$13,759,680$76,859,357
85$128,684,750$24,081,413$14,095,151$84,047,265
86$141,681,163$25,131,970$14,437,906$91,946,810
87$155,999,133$26,229,928$14,788,068$100,629,824
88$171,773,330$27,377,480$15,145,754$110,175,434
89$189,152,157$28,576,925$15,511,084$120,670,808
90$208,299,151$29,830,667$15,884,179$132,211,976
91$229,394,522$31,141,227$16,265,156$144,904,729
92$252,636,859$32,511,244$16,654,135$158,865,616
93$278,245,005$33,943,480$17,051,235$174,223,038
94$306,460,115$35,440,831$17,456,571$191,118,457
95$337,547,941$37,006,326$17,870,261$209,707,725
96$371,801,336$38,643,141$18,292,419$230,162,553
97$409,543,018$40,354,600$18,723,161$252,672,123
98$451,128,616$42,144,186$19,162,597$277,444,871
99$496,950,030$44,015,547$19,610,839$304,710,450
100$547,439,127$45,972,502$20,067,996$334,721,888