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

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$520,248$515,614$511,093$506,680$502,371$498,996
2 years$257,549$252,752$248,103$243,596$239,224$235,820
3 years$169,994$165,176$160,539$156,074$151,774$148,446
4 years$126,225$121,422$116,831$112,443$108,246$105,021
5 years$99,970$95,196$90,666$86,367$82,287$79,174
6 years$82,473$77,735$73,272$69,068$65,111$62,113
7 years$69,980$65,282$60,889$56,785$52,953$50,072
8 years$60,614$55,958$51,639$47,635$43,929$41,166
9 years$53,333$48,722$44,476$40,575$36,995$34,348
10 years$47,512$42,946$38,776$34,976$31,521$28,990
11 years$42,753$38,232$34,137$30,439$27,110$24,691
12 years$38,789$34,315$30,296$26,700$23,493$21,185
13 years$35,438$31,011$27,068$23,572$20,486$18,288
14 years$32,569$28,188$24,320$20,924$17,958$15,866
15 years$30,084$25,750$21,958$18,661$15,812$13,823
16 years$27,911$23,625$19,908$16,709$13,974$12,086
17 years$25,997$21,758$18,116$15,013$12,391$10,600
18 years$24,297$20,106$16,537$13,529$11,017$9,321
19 years$22,777$18,634$15,139$12,225$9,820$8,214
20 years$21,412$17,315$13,894$11,072$8,771$7,253
21 years$20,178$16,128$12,780$10,049$7,849$6,416
22 years$19,057$15,055$11,778$9,136$7,036$5,684
23 years$18,036$14,081$10,875$8,321$6,316$5,041
24 years$17,101$13,193$10,058$7,589$5,677$4,477
25 years$16,242$12,381$9,316$6,931$5,108$3,979
26 years$15,451$11,636$8,640$6,337$4,601$3,541
27 years$14,719$10,951$8,023$5,801$4,148$3,152
28 years$14,041$10,319$7,458$5,315$3,743$2,809
29 years$13,411$9,735$6,940$4,874$3,380$2,504
30 years$12,824$9,193$6,465$4,473$3,054$2,234
31 years$12,276$8,691$6,027$4,108$2,761$1,994
32 years$11,763$8,223$5,623$3,775$2,498$1,780
33 years$11,282$7,788$5,250$3,472$2,260$1,590
34 years$10,831$7,381$4,906$3,194$2,047$1,421
35 years$10,406$7,001$4,586$2,940$1,854$1,270
36 years$10,006$6,645$4,291$2,708$1,679$1,135
37 years$9,628$6,311$4,016$2,495$1,522$1,015
38 years$9,271$5,998$3,761$2,300$1,380$908
39 years$8,933$5,703$3,523$2,121$1,251$812
40 years$8,613$5,426$3,302$1,956$1,135$727
41 years$8,309$5,165$3,097$1,805$1,030$650
42 years$8,021$4,919$2,905$1,665$934$582
43 years$7,746$4,687$2,726$1,537$848$521
44 years$7,485$4,468$2,559$1,419$770$466
45 years$7,236$4,260$2,402$1,311$699$418
46 years$6,999$4,064$2,256$1,211$634$374
47 years$6,773$3,878$2,120$1,119$576$335
48 years$6,556$3,702$1,992$1,034$523$300
49 years$6,349$3,536$1,872$955$475$269
50 years$6,151$3,377$1,760$883$432$241

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 $5,776 every year, while hoping to spend $59,612 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: 57/26/17 Blend
53$6,300,000$6,300,000$6,300,000$6,300,000
54$6,948,558$6,614,658$6,517,008$7,313,298
55$7,593,884$6,875,349$6,671,901$7,822,282
56$8,303,036$7,146,817$6,829,985$8,369,696
57$9,082,460$7,429,525$6,991,304$8,964,890
58$9,939,259$7,723,961$7,155,901$9,612,466
59$10,881,260$8,030,631$7,323,820$10,317,486
60$11,917,082$8,350,066$7,495,102$11,085,517
61$13,056,226$8,682,820$7,669,789$11,922,684
62$14,309,155$9,029,473$7,847,921$12,835,726
63$15,687,401$9,390,629$8,029,539$13,832,059
64$17,203,668$9,766,921$8,214,680$14,919,841
65$18,871,952$10,159,011$8,403,382$16,108,052
66$20,707,677$10,567,588$8,595,681$17,406,574
67$22,727,836$10,993,376$8,791,612$18,826,285
68$24,951,152$11,437,128$8,991,208$20,379,158
69$27,398,256$11,899,634$9,194,500$22,078,372
70$30,091,881$12,381,718$9,401,518$23,938,437
71$33,057,073$12,884,244$9,612,290$25,975,328
72$36,321,434$13,408,111$9,826,841$28,206,630
73$39,915,375$13,954,263$10,045,195$30,651,708
74$43,872,406$14,523,685$10,267,372$33,331,884
75$48,229,453$15,117,406$10,493,390$36,270,637
76$53,027,203$15,736,505$10,723,265$39,493,821
77$58,310,492$16,382,108$10,957,008$43,029,909
78$64,128,723$17,055,393$11,194,629$46,910,256
79$70,536,337$17,757,591$11,436,133$51,169,395
80$77,593,321$18,489,991$11,681,522$55,845,360
81$85,365,780$19,253,940$11,930,792$60,980,039
82$93,926,554$20,050,848$12,183,939$66,619,572
83$103,355,912$20,882,189$12,440,950$72,814,778
84$113,742,303$21,749,504$12,701,810$79,621,633
85$125,183,194$22,654,407$12,966,497$87,101,798
86$137,785,991$23,598,583$13,234,985$95,323,194
87$151,669,047$24,583,799$13,507,243$104,360,639
88$166,962,785$25,611,900$13,783,230$114,296,554
89$183,810,924$26,684,818$14,062,904$125,221,735
90$202,371,839$27,804,575$14,346,211$137,236,205
91$222,820,051$28,973,283$14,633,094$150,450,155
92$245,347,878$30,193,157$14,923,485$164,984,980
93$270,167,250$31,466,509$15,217,309$180,974,420
94$297,511,705$32,795,764$15,514,485$198,565,817
95$327,638,597$34,183,455$15,814,919$217,921,499
96$360,831,525$35,632,235$16,118,509$239,220,313
97$397,403,005$37,144,879$16,425,144$262,659,302
98$437,697,427$38,724,293$16,734,701$288,455,559
99$482,094,298$40,373,517$17,047,047$316,848,277
100$531,011,829$42,095,732$17,362,036$348,100,993