Can I retire at age 54 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$536,764$531,983$527,318$522,765$518,319$503,950
2 years$265,725$260,776$255,980$251,329$246,819$232,449
3 years$175,390$170,420$165,636$161,029$156,592$142,672
4 years$130,232$125,277$120,540$116,012$111,683$98,319
5 years$103,144$98,218$93,544$89,109$84,899$72,129
6 years$85,091$80,203$75,598$71,261$67,178$55,013
7 years$72,201$67,354$62,822$58,588$54,634$43,075
8 years$62,538$57,735$53,278$49,148$45,324$34,364
9 years$55,027$50,269$45,888$41,863$38,169$27,798
10 years$49,021$44,309$40,007$36,086$32,522$22,727
11 years$44,110$39,446$35,221$31,406$27,970$18,734
12 years$40,021$35,405$31,258$27,547$24,238$15,545
13 years$36,563$31,995$27,927$24,320$21,136$12,967
14 years$33,602$29,083$25,092$21,589$18,528$10,862
15 years$31,039$26,568$22,655$19,253$16,313$9,131
16 years$28,797$24,375$20,540$17,239$14,418$7,699
17 years$26,822$22,449$18,691$15,489$12,784$6,506
18 years$25,068$20,744$17,062$13,959$11,367$5,509
19 years$23,500$19,225$15,620$12,613$10,132$4,673
20 years$22,091$17,865$14,335$11,424$9,050$3,970
21 years$20,818$16,640$13,185$10,368$8,098$3,376
22 years$19,662$15,533$12,152$9,427$7,259$2,874
23 years$18,609$14,528$11,221$8,585$6,516$2,448
24 years$17,644$13,612$10,377$7,830$5,857$2,088
25 years$16,758$12,774$9,611$7,151$5,270$1,781
26 years$15,941$12,005$8,914$6,538$4,747$1,520
27 years$15,187$11,299$8,277$5,985$4,280$1,298
28 years$14,487$10,647$7,695$5,483$3,862$1,109
29 years$13,837$10,044$7,161$5,028$3,487$948
30 years$13,231$9,485$6,670$4,615$3,151$810
31 years$12,666$8,967$6,218$4,238$2,849$693
32 years$12,137$8,484$5,802$3,895$2,577$592
33 years$11,641$8,035$5,417$3,582$2,332$507
34 years$11,175$7,615$5,061$3,296$2,111$433
35 years$10,736$7,223$4,732$3,034$1,912$371
36 years$10,324$6,856$4,427$2,794$1,733$317
37 years$9,934$6,511$4,143$2,574$1,570$271
38 years$9,565$6,188$3,880$2,373$1,424$232
39 years$9,217$5,884$3,635$2,188$1,291$199
40 years$8,887$5,598$3,407$2,018$1,171$170
41 years$8,573$5,329$3,195$1,862$1,062$146
42 years$8,275$5,075$2,997$1,718$964$125
43 years$7,992$4,836$2,812$1,586$875$107
44 years$7,723$4,609$2,640$1,465$794$91
45 years$7,466$4,395$2,479$1,353$721$78
46 years$7,221$4,193$2,328$1,249$655$67
47 years$6,988$4,002$2,187$1,154$594$57
48 years$6,764$3,820$2,055$1,067$540$49
49 years$6,551$3,648$1,932$986$490$42
50 years$6,346$3,485$1,816$911$445$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,500,000, adding $4,017 every year, while hoping to spend $28,258 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: 39/42/19 Blend
53$6,500,000$6,500,000$6,500,000$6,500,000
54$7,167,144$6,822,644$6,721,894$7,405,883
55$7,868,126$7,126,887$6,917,011$7,881,792
56$8,639,661$7,445,091$7,117,717$8,393,052
57$9,488,916$7,777,910$7,324,170$8,945,283
58$10,423,788$8,126,030$7,536,532$9,542,215
59$11,452,977$8,490,168$7,754,968$10,187,934
60$12,586,071$8,871,076$7,979,650$10,886,927
61$13,833,635$9,269,543$8,210,753$11,644,116
62$15,207,309$9,686,395$8,448,457$12,464,903
63$16,719,921$10,122,495$8,692,947$13,355,218
64$18,385,607$10,578,750$8,944,414$14,321,574
65$20,219,940$11,056,110$9,203,053$15,371,120
66$22,240,083$11,555,569$9,469,065$16,511,710
67$24,464,949$12,078,170$9,742,656$17,751,973
68$26,915,377$12,625,003$10,024,038$19,101,387
69$29,614,332$13,197,214$10,313,430$20,570,370
70$32,587,117$13,796,002$10,611,053$22,170,368
71$35,861,619$14,422,622$10,917,140$23,913,965
72$39,468,565$15,078,390$11,231,924$25,814,993
73$43,441,814$15,764,687$11,555,649$27,888,660
74$47,818,679$16,482,957$11,888,564$30,151,688
75$52,640,278$17,234,716$12,230,924$32,622,465
76$57,951,918$18,021,549$12,582,992$35,321,216
77$63,803,530$18,845,120$12,945,038$38,270,185
78$70,250,131$19,707,173$13,317,339$41,493,841
79$77,352,354$20,609,534$13,700,178$45,019,102
80$85,177,009$21,554,116$14,093,850$48,875,582
81$93,797,723$22,542,927$14,498,653$53,095,869
82$103,295,629$23,578,068$14,914,895$57,715,819
83$113,760,132$24,661,743$15,342,894$62,774,889
84$125,289,759$25,796,261$15,782,974$68,316,504
85$137,993,079$26,984,042$16,235,468$74,388,459
86$151,989,736$28,227,623$16,700,719$81,043,359
87$167,411,575$29,529,663$17,179,079$88,339,108
88$184,403,887$30,892,948$17,670,909$96,339,448
89$203,126,778$32,320,397$18,176,580$105,114,550
90$223,756,687$33,815,074$18,696,473$114,741,667
91$246,488,041$35,380,185$19,230,977$125,305,850
92$271,535,102$37,019,094$19,780,495$136,900,745
93$299,133,978$38,735,326$20,345,438$149,629,462
94$329,544,863$40,532,576$20,926,229$163,605,537
95$363,054,483$42,414,716$21,523,301$178,953,991
96$399,978,810$44,385,807$22,137,101$195,812,498
97$440,666,040$46,450,103$22,768,086$214,332,672
98$485,499,883$48,612,065$23,416,725$234,681,482
99$534,903,185$50,876,370$24,083,498$257,042,811
100$589,341,917$53,247,919$24,768,902$281,619,183