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%19.7%
1 years$520,248$515,614$511,093$506,680$502,371$482,820
2 years$257,549$252,752$248,103$243,596$239,224$219,763
3 years$169,994$165,176$160,539$156,074$151,774$133,015
4 years$126,225$121,422$116,831$112,443$108,246$90,333
5 years$99,970$95,196$90,666$86,367$82,287$65,265
6 years$82,473$77,735$73,272$69,068$65,111$48,991
7 years$69,980$65,282$60,889$56,785$52,953$37,730
8 years$60,614$55,958$51,639$47,635$43,929$29,589
9 years$53,333$48,722$44,476$40,575$36,995$23,515
10 years$47,512$42,946$38,776$34,976$31,521$18,877
11 years$42,753$38,232$34,137$30,439$27,110$15,272
12 years$38,789$34,315$30,296$26,700$23,493$12,430
13 years$35,438$31,011$27,068$23,572$20,486$10,165
14 years$32,569$28,188$24,320$20,924$17,958$8,346
15 years$30,084$25,750$21,958$18,661$15,812$6,873
16 years$27,911$23,625$19,908$16,709$13,974$5,674
17 years$25,997$21,758$18,116$15,013$12,391$4,694
18 years$24,297$20,106$16,537$13,529$11,017$3,890
19 years$22,777$18,634$15,139$12,225$9,820$3,228
20 years$21,412$17,315$13,894$11,072$8,771$2,682
21 years$20,178$16,128$12,780$10,049$7,849$2,230
22 years$19,057$15,055$11,778$9,136$7,036$1,856
23 years$18,036$14,081$10,875$8,321$6,316$1,546
24 years$17,101$13,193$10,058$7,589$5,677$1,288
25 years$16,242$12,381$9,316$6,931$5,108$1,073
26 years$15,451$11,636$8,640$6,337$4,601$895
27 years$14,719$10,951$8,023$5,801$4,148$747
28 years$14,041$10,319$7,458$5,315$3,743$623
29 years$13,411$9,735$6,940$4,874$3,380$520
30 years$12,824$9,193$6,465$4,473$3,054$434
31 years$12,276$8,691$6,027$4,108$2,761$362
32 years$11,763$8,223$5,623$3,775$2,498$302
33 years$11,282$7,788$5,250$3,472$2,260$253
34 years$10,831$7,381$4,906$3,194$2,047$211
35 years$10,406$7,001$4,586$2,940$1,854$176
36 years$10,006$6,645$4,291$2,708$1,679$147
37 years$9,628$6,311$4,016$2,495$1,522$123
38 years$9,271$5,998$3,761$2,300$1,380$103
39 years$8,933$5,703$3,523$2,121$1,251$86
40 years$8,613$5,426$3,302$1,956$1,135$72
41 years$8,309$5,165$3,097$1,805$1,030$60
42 years$8,021$4,919$2,905$1,665$934$50
43 years$7,746$4,687$2,726$1,537$848$42
44 years$7,485$4,468$2,559$1,419$770$35
45 years$7,236$4,260$2,402$1,311$699$29
46 years$6,999$4,064$2,256$1,211$634$24
47 years$6,773$3,878$2,120$1,119$576$20
48 years$6,556$3,702$1,992$1,034$523$17
49 years$6,349$3,536$1,872$955$475$14
50 years$6,151$3,377$1,760$883$432$12

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 $6,197 every year, while hoping to spend $43,632 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: 76/17/7 Blend
53$6,300,000$6,300,000$6,300,000$6,300,000
54$6,948,992$6,615,092$6,517,442$7,470,530
55$7,611,365$6,892,808$6,689,352$8,091,901
56$8,339,838$7,182,669$6,865,559$8,766,579
57$9,141,107$7,485,225$7,046,161$9,504,811
58$10,022,549$7,801,050$7,231,256$10,312,885
59$10,992,293$8,130,745$7,420,947$11,197,725
60$12,059,296$8,474,941$7,615,338$12,166,950
61$13,233,425$8,834,294$7,814,533$13,228,952
62$14,525,554$9,209,494$8,018,639$14,392,966
63$15,947,663$9,601,262$8,227,766$15,669,165
64$17,512,953$10,010,352$8,442,025$17,068,745
65$19,235,969$10,437,555$8,661,528$18,604,040
66$21,132,739$10,883,696$8,886,391$20,288,626
67$23,220,923$11,349,641$9,116,729$22,137,459
68$25,519,980$11,836,296$9,352,662$24,167,006
69$28,051,352$12,344,609$9,594,310$26,395,403
70$30,838,666$12,875,571$9,841,796$28,842,625
71$33,907,958$13,430,222$10,095,244$31,530,670
72$37,287,916$14,009,649$10,354,781$34,483,770
73$41,010,152$14,614,991$10,620,535$37,728,612
74$45,109,500$15,247,438$10,892,635$41,294,593
75$49,624,346$15,908,239$11,171,215$45,214,094
76$54,596,987$16,598,700$11,456,408$49,522,782
77$60,074,032$17,320,189$11,748,351$54,259,948
78$66,106,843$18,074,138$12,047,180$59,468,873
79$72,752,016$18,862,046$12,353,036$65,197,236
80$80,071,919$19,685,483$12,666,059$71,497,562
81$88,135,276$20,546,093$12,986,394$78,427,712
82$97,017,820$21,445,598$13,314,184$86,051,432
83$106,803,005$22,385,800$13,649,577$94,438,948
84$117,582,795$23,368,586$13,992,720$103,667,630
85$129,458,528$24,395,935$14,343,764$113,822,714
86$142,541,878$25,469,916$14,702,861$124,998,111
87$156,955,904$26,592,697$15,070,162$137,297,282
88$172,836,217$27,766,550$15,445,823$150,834,219
89$190,332,252$28,993,852$15,829,998$165,734,515
90$209,608,684$30,277,093$16,222,846$182,136,544
91$230,846,983$31,618,884$16,624,525$200,192,767
92$254,247,123$33,021,956$17,035,193$220,071,165
93$280,029,469$34,489,172$17,455,012$241,956,823
94$308,436,863$36,023,529$17,884,143$266,053,670
95$339,736,909$37,628,168$18,322,748$292,586,403
96$374,224,503$39,306,378$18,770,989$321,802,602
97$412,224,617$41,061,605$19,229,032$353,975,064
98$454,095,362$42,897,458$19,697,039$389,404,371
99$500,231,375$44,817,719$20,175,175$428,421,724
100$551,067,536$46,826,349$20,663,605$471,392,066