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%18.6%
1 years$528,506$523,798$519,205$514,722$510,345$492,630
2 years$261,637$256,764$252,041$247,463$243,021$225,357
3 years$172,692$167,798$163,088$158,552$154,183$137,124
4 years$128,228$123,349$118,686$114,228$109,964$93,641
5 years$101,557$96,707$92,105$87,738$83,593$68,049
6 years$83,782$78,969$74,435$70,165$66,144$51,391
7 years$71,090$66,318$61,856$57,686$53,793$39,828
8 years$61,576$56,847$52,458$48,392$44,627$31,439
9 years$54,180$49,495$45,182$41,219$37,582$25,155
10 years$48,267$43,628$39,391$35,531$32,022$20,334
11 years$43,432$38,839$34,679$30,923$27,540$16,569
12 years$39,405$34,860$30,777$27,123$23,865$13,585
13 years$36,001$31,503$27,497$23,946$20,811$11,194
14 years$33,086$28,636$24,706$21,256$18,243$9,261
15 years$30,561$26,159$22,306$18,957$16,062$7,687
16 years$28,354$24,000$20,224$16,974$14,196$6,397
17 years$26,409$22,104$18,403$15,251$12,587$5,335
18 years$24,682$20,425$16,800$13,744$11,192$4,458
19 years$23,139$18,929$15,379$12,419$9,976$3,730
20 years$21,752$17,590$14,114$11,248$8,910$3,125
21 years$20,498$16,384$12,982$10,208$7,974$2,621
22 years$19,360$15,294$11,965$9,282$7,147$2,200
23 years$18,322$14,304$11,048$8,453$6,416$1,848
24 years$17,373$13,402$10,217$7,709$5,767$1,553
25 years$16,500$12,577$9,463$7,041$5,189$1,306
26 years$15,696$11,821$8,777$6,438$4,674$1,099
27 years$14,953$11,125$8,150$5,893$4,214$925
28 years$14,264$10,483$7,577$5,399$3,803$779
29 years$13,624$9,889$7,051$4,951$3,434$656
30 years$13,028$9,339$6,567$4,544$3,103$552
31 years$12,471$8,829$6,123$4,173$2,805$465
32 years$11,950$8,354$5,712$3,835$2,537$392
33 years$11,461$7,911$5,334$3,527$2,296$330
34 years$11,003$7,498$4,984$3,245$2,079$278
35 years$10,571$7,112$4,659$2,987$1,883$235
36 years$10,165$6,750$4,359$2,751$1,706$198
37 years$9,781$6,411$4,080$2,535$1,546$167
38 years$9,418$6,093$3,820$2,336$1,402$140
39 years$9,075$5,794$3,579$2,154$1,271$118
40 years$8,750$5,512$3,355$1,987$1,153$100
41 years$8,441$5,247$3,146$1,833$1,046$84
42 years$8,148$4,997$2,951$1,692$949$71
43 years$7,869$4,761$2,769$1,562$861$60
44 years$7,604$4,538$2,599$1,442$782$50
45 years$7,351$4,328$2,441$1,332$710$43
46 years$7,110$4,129$2,292$1,230$645$36
47 years$6,880$3,940$2,153$1,137$585$30
48 years$6,660$3,761$2,024$1,050$532$25
49 years$6,450$3,592$1,902$971$483$21
50 years$6,249$3,431$1,788$897$438$18

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 $4,519 every year, while hoping to spend $55,929 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: 55/17/28 Blend
53$6,400,000$6,400,000$6,400,000$6,400,000
54$7,057,461$6,718,261$6,619,061$7,390,675
55$7,717,814$6,987,948$6,781,292$7,890,691
56$8,443,649$7,268,975$6,947,083$8,428,849
57$9,241,585$7,561,839$7,116,494$9,013,872
58$10,118,916$7,867,058$7,289,586$9,650,289
59$11,083,678$8,185,176$7,466,419$10,343,084
60$12,144,723$8,516,760$7,647,054$11,097,744
61$13,311,806$8,862,403$7,831,552$11,920,303
62$14,595,673$9,222,724$8,019,972$12,817,403
63$16,008,166$9,598,371$8,212,375$13,796,354
64$17,562,331$9,990,023$8,408,822$14,865,201
65$19,272,543$10,398,388$8,609,371$16,032,802
66$21,154,640$10,824,207$8,814,083$17,308,906
67$23,226,075$11,268,254$9,023,016$18,704,245
68$25,506,076$11,731,340$9,236,228$20,230,636
69$28,015,831$12,214,312$9,453,778$21,901,089
70$30,778,689$12,718,056$9,675,722$23,729,929
71$33,820,373$13,243,498$9,902,116$25,732,930
72$37,169,229$13,791,608$10,133,016$27,927,461
73$40,856,493$14,363,400$10,368,475$30,332,651
74$44,916,583$14,959,933$10,608,546$32,969,564
75$49,387,422$15,582,318$10,853,280$35,861,400
76$54,310,801$16,231,714$11,102,727$39,033,710
77$59,732,770$16,909,335$11,356,935$42,514,633
78$65,704,070$17,616,450$11,615,951$46,335,166
79$72,280,618$18,354,389$11,879,818$50,529,449
80$79,524,028$19,124,541$12,148,579$55,135,086
81$87,502,196$19,928,360$12,422,273$60,193,500
82$96,289,938$20,767,368$12,700,937$65,750,321
83$105,969,700$21,643,157$12,984,606$71,855,812
84$116,632,330$22,557,392$13,273,311$78,565,343
85$128,377,940$23,511,817$13,567,080$85,939,910
86$141,316,850$24,508,256$13,865,937$94,046,713
87$155,570,626$25,548,618$14,169,903$102,959,777
88$171,273,230$26,634,900$14,478,995$112,760,661
89$188,572,283$27,769,194$14,793,225$123,539,212
90$207,630,458$28,953,688$15,112,601$135,394,421
91$228,627,018$30,190,671$15,437,126$148,435,348
92$251,759,501$31,482,542$15,766,797$162,782,148
93$277,245,593$32,831,808$16,101,607$178,567,206
94$305,325,174$34,241,098$16,441,542$195,936,379
95$336,262,590$35,713,159$16,786,581$215,050,371
96$370,349,140$37,250,871$17,136,698$236,086,244
97$407,905,834$38,857,244$17,491,858$259,239,091
98$449,286,414$40,535,435$17,852,021$284,723,865
99$494,880,700$42,288,743$18,217,135$312,777,411
100$545,118,266$44,120,626$18,587,144$343,660,694