Can I retire at age 54 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$528,506$523,798$519,205$514,722$510,345$494,603
2 years$261,637$256,764$252,041$247,463$243,021$227,299
3 years$172,692$167,798$163,088$158,552$154,183$138,973
4 years$128,228$123,349$118,686$114,228$109,964$95,385
5 years$101,557$96,707$92,105$87,738$83,593$69,682
6 years$83,782$78,969$74,435$70,165$66,144$52,914
7 years$71,090$66,318$61,856$57,686$53,793$41,243
8 years$61,576$56,847$52,458$48,392$44,627$32,749
9 years$54,180$49,495$45,182$41,219$37,582$26,363
10 years$48,267$43,628$39,391$35,531$32,022$21,446
11 years$43,432$38,839$34,679$30,923$27,540$17,588
12 years$39,405$34,860$30,777$27,123$23,865$14,517
13 years$36,001$31,503$27,497$23,946$20,811$12,043
14 years$33,086$28,636$24,706$21,256$18,243$10,033
15 years$30,561$26,159$22,306$18,957$16,062$8,387
16 years$28,354$24,000$20,224$16,974$14,196$7,030
17 years$26,409$22,104$18,403$15,251$12,587$5,907
18 years$24,682$20,425$16,800$13,744$11,192$4,972
19 years$23,139$18,929$15,379$12,419$9,976$4,192
20 years$21,752$17,590$14,114$11,248$8,910$3,539
21 years$20,498$16,384$12,982$10,208$7,974$2,992
22 years$19,360$15,294$11,965$9,282$7,147$2,531
23 years$18,322$14,304$11,048$8,453$6,416$2,143
24 years$17,373$13,402$10,217$7,709$5,767$1,815
25 years$16,500$12,577$9,463$7,041$5,189$1,539
26 years$15,696$11,821$8,777$6,438$4,674$1,305
27 years$14,953$11,125$8,150$5,893$4,214$1,107
28 years$14,264$10,483$7,577$5,399$3,803$940
29 years$13,624$9,889$7,051$4,951$3,434$798
30 years$13,028$9,339$6,567$4,544$3,103$678
31 years$12,471$8,829$6,123$4,173$2,805$575
32 years$11,950$8,354$5,712$3,835$2,537$489
33 years$11,461$7,911$5,334$3,527$2,296$415
34 years$11,003$7,498$4,984$3,245$2,079$353
35 years$10,571$7,112$4,659$2,987$1,883$300
36 years$10,165$6,750$4,359$2,751$1,706$255
37 years$9,781$6,411$4,080$2,535$1,546$217
38 years$9,418$6,093$3,820$2,336$1,402$184
39 years$9,075$5,794$3,579$2,154$1,271$157
40 years$8,750$5,512$3,355$1,987$1,153$133
41 years$8,441$5,247$3,146$1,833$1,046$113
42 years$8,148$4,997$2,951$1,692$949$96
43 years$7,869$4,761$2,769$1,562$861$82
44 years$7,604$4,538$2,599$1,442$782$70
45 years$7,351$4,328$2,441$1,332$710$59
46 years$7,110$4,129$2,292$1,230$645$50
47 years$6,880$3,940$2,153$1,137$585$43
48 years$6,660$3,761$2,024$1,050$532$36
49 years$6,450$3,592$1,902$971$483$31
50 years$6,249$3,431$1,788$897$438$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,400,000, adding $4,470 every year, while hoping to spend $53,290 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: 88/5/7 Blend
53$6,400,000$6,400,000$6,400,000$6,400,000
54$7,057,411$6,718,211$6,619,011$7,674,781
55$7,720,567$6,990,703$6,784,048$8,349,912
56$8,449,578$7,274,761$6,952,827$9,084,157
57$9,251,107$7,570,896$7,125,418$9,889,639
58$10,132,491$7,879,641$7,301,891$10,773,511
59$11,101,816$8,201,554$7,482,315$11,743,646
60$12,167,990$8,537,220$7,666,762$12,808,719
61$13,340,828$8,887,247$7,855,301$13,978,287
62$14,631,144$9,252,274$8,048,006$15,262,875
63$16,050,854$9,632,968$8,244,947$16,674,077
64$17,613,085$10,030,027$8,446,197$18,224,668
65$19,332,302$10,444,181$8,651,827$19,928,718
66$21,224,444$10,876,193$8,861,910$21,801,730
67$23,307,073$11,326,862$9,076,519$23,860,780
68$25,599,538$11,797,022$9,295,726$26,124,685
69$28,123,162$12,287,547$9,519,604$28,614,171
70$30,901,438$12,799,350$9,748,224$31,352,076
71$33,960,254$13,333,388$9,981,659$34,363,561
72$37,328,135$13,890,659$10,219,981$37,676,346
73$41,036,515$14,472,212$10,463,260$41,320,972
74$45,120,028$15,079,139$10,711,568$45,331,092
75$49,616,840$15,712,585$10,964,974$49,743,782
76$54,569,005$16,373,750$11,223,549$54,599,893
77$60,022,866$17,063,886$11,487,359$59,944,435
78$66,029,487$17,784,304$11,756,475$65,827,005
79$72,645,138$18,536,379$12,030,960$72,302,248
80$79,931,826$19,321,545$12,310,881$79,430,375
81$87,957,878$20,141,307$12,596,301$87,277,731
82$96,798,587$20,997,236$12,887,283$95,917,420
83$106,536,922$21,890,980$13,183,886$105,429,992
84$117,264,311$22,824,261$13,486,169$115,904,206
85$129,081,503$23,798,882$13,794,188$127,437,864
86$142,099,520$24,816,731$14,107,997$140,138,733
87$156,440,703$25,879,783$14,427,647$154,125,563
88$172,239,869$26,990,106$14,753,187$169,529,205
89$189,645,579$28,149,865$15,084,662$186,493,846
90$208,821,545$29,361,325$15,422,115$205,178,370
91$229,948,171$30,626,858$15,765,585$225,757,852
92$253,224,258$31,948,948$16,115,105$248,425,216
93$278,868,879$33,330,193$16,470,708$273,393,048
94$307,123,447$34,773,315$16,832,420$300,895,607
95$338,253,995$36,281,164$17,200,262$331,191,031
96$372,553,683$37,856,721$17,574,251$364,563,775
97$410,345,570$39,503,112$17,954,399$401,327,292
98$451,985,658$41,223,604$18,340,712$441,826,993
99$497,866,258$43,021,623$18,733,188$486,443,504
100$548,419,688$44,900,755$19,131,822$535,596,259