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%16.1%
1 years$520,248$515,614$511,093$506,680$502,371$489,829
2 years$257,549$252,752$248,103$243,596$239,224$226,668
3 years$169,994$165,176$160,539$156,074$151,774$139,595
4 years$126,225$121,422$116,831$112,443$108,246$96,540
5 years$99,970$95,196$90,666$86,367$82,287$71,085
6 years$82,473$77,735$73,272$69,068$65,111$54,424
7 years$69,980$65,282$60,889$56,785$52,953$42,783
8 years$60,614$55,958$51,639$47,635$43,929$34,272
9 years$53,333$48,722$44,476$40,575$36,995$27,841
10 years$47,512$42,946$38,776$34,976$31,521$22,861
11 years$42,753$38,232$34,137$30,439$27,110$18,930
12 years$38,789$34,315$30,296$26,700$23,493$15,780
13 years$35,438$31,011$27,068$23,572$20,486$13,224
14 years$32,569$28,188$24,320$20,924$17,958$11,132
15 years$30,084$25,750$21,958$18,661$15,812$9,404
16 years$27,911$23,625$19,908$16,709$13,974$7,968
17 years$25,997$21,758$18,116$15,013$12,391$6,768
18 years$24,297$20,106$16,537$13,529$11,017$5,761
19 years$22,777$18,634$15,139$12,225$9,820$4,912
20 years$21,412$17,315$13,894$11,072$8,771$4,195
21 years$20,178$16,128$12,780$10,049$7,849$3,587
22 years$19,057$15,055$11,778$9,136$7,036$3,070
23 years$18,036$14,081$10,875$8,321$6,316$2,630
24 years$17,101$13,193$10,058$7,589$5,677$2,255
25 years$16,242$12,381$9,316$6,931$5,108$1,935
26 years$15,451$11,636$8,640$6,337$4,601$1,661
27 years$14,719$10,951$8,023$5,801$4,148$1,426
28 years$14,041$10,319$7,458$5,315$3,743$1,225
29 years$13,411$9,735$6,940$4,874$3,380$1,053
30 years$12,824$9,193$6,465$4,473$3,054$905
31 years$12,276$8,691$6,027$4,108$2,761$779
32 years$11,763$8,223$5,623$3,775$2,498$670
33 years$11,282$7,788$5,250$3,472$2,260$576
34 years$10,831$7,381$4,906$3,194$2,047$496
35 years$10,406$7,001$4,586$2,940$1,854$427
36 years$10,006$6,645$4,291$2,708$1,679$367
37 years$9,628$6,311$4,016$2,495$1,522$316
38 years$9,271$5,998$3,761$2,300$1,380$272
39 years$8,933$5,703$3,523$2,121$1,251$234
40 years$8,613$5,426$3,302$1,956$1,135$202
41 years$8,309$5,165$3,097$1,805$1,030$174
42 years$8,021$4,919$2,905$1,665$934$150
43 years$7,746$4,687$2,726$1,537$848$129
44 years$7,485$4,468$2,559$1,419$770$111
45 years$7,236$4,260$2,402$1,311$699$95
46 years$6,999$4,064$2,256$1,211$634$82
47 years$6,773$3,878$2,120$1,119$576$71
48 years$6,556$3,702$1,992$1,034$523$61
49 years$6,349$3,536$1,872$955$475$53
50 years$6,151$3,377$1,760$883$432$45

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 $4,792 every year, while hoping to spend $45,514 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: 45/42/13 Blend
53$6,300,000$6,300,000$6,300,000$6,300,000
54$6,947,543$6,613,643$6,515,993$7,234,231
55$7,607,766$6,889,285$6,685,852$7,709,680
56$8,333,806$7,176,908$6,859,876$8,219,933
57$9,132,329$7,477,051$7,038,157$8,772,222
58$10,010,678$7,790,278$7,220,786$9,370,449
59$10,976,944$8,117,179$7,407,860$10,018,900
60$12,040,043$8,458,371$7,599,474$10,722,279
61$13,209,796$8,814,500$7,795,725$11,485,757
62$14,497,027$9,186,242$7,996,714$12,315,011
63$15,913,660$9,574,305$8,202,540$13,216,280
64$17,472,835$9,979,427$8,413,306$14,196,419
65$19,189,029$10,402,384$8,629,117$15,262,964
66$21,078,194$10,843,985$8,850,077$16,424,196
67$23,157,909$11,305,079$9,076,293$17,689,221
68$25,447,542$11,786,554$9,307,875$19,068,049
69$27,968,434$12,289,338$9,544,932$20,571,688
70$30,744,102$12,814,403$9,787,575$22,212,242
71$33,800,459$13,362,768$10,035,918$24,003,026
72$37,166,060$13,935,497$10,290,074$25,958,685
73$40,872,367$14,533,706$10,550,161$28,095,328
74$44,954,051$15,158,560$10,816,294$30,430,679
75$49,449,318$15,811,283$11,088,593$32,984,238
76$54,400,265$16,493,153$11,367,178$35,777,461
77$59,853,283$17,205,508$11,652,169$38,833,960
78$65,859,491$17,949,751$11,943,690$42,179,718
79$72,475,219$18,727,349$12,241,864$45,843,333
80$79,762,540$19,539,837$12,546,815$49,856,281
81$87,789,855$20,388,826$12,858,670$54,253,208
82$96,632,541$21,275,998$13,177,555$59,072,252
83$106,373,655$22,203,118$13,503,599$64,355,396
84$117,104,729$23,172,031$13,836,930$70,148,861
85$128,926,622$24,184,672$14,177,678$76,503,534
86$141,950,480$25,243,063$14,525,973$83,475,441
87$156,298,782$26,349,327$14,881,946$91,126,271
88$172,106,496$27,505,681$15,245,729$99,523,950
89$189,522,351$28,714,452$15,617,454$108,743,277
90$208,710,245$29,978,075$15,997,252$118,866,618
91$229,850,787$31,299,098$16,385,258$129,984,680
92$253,143,006$32,680,192$16,781,602$142,197,355
93$278,806,225$34,124,154$17,186,419$155,614,655
94$307,082,136$35,633,913$17,599,839$170,357,746
95$338,237,076$37,212,538$18,021,997$186,560,072
96$372,564,546$38,863,240$18,453,022$204,368,615
97$410,387,978$40,589,387$18,893,046$223,945,265
98$452,063,788$42,394,503$19,342,199$245,468,340
99$497,984,741$44,282,281$19,800,610$269,134,258
100$548,583,662$46,256,589$20,268,407$295,159,378