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%15.6%
1 years$536,764$531,983$527,318$522,765$518,319$506,406
2 years$265,725$260,776$255,980$251,329$246,819$234,882
3 years$175,390$170,420$165,636$161,029$156,592$145,005
4 years$130,232$125,277$120,540$116,012$111,683$100,534
5 years$103,144$98,218$93,544$89,109$84,899$74,221
6 years$85,091$80,203$75,598$71,261$67,178$56,981
7 years$72,201$67,354$62,822$58,588$54,634$44,919
8 years$62,538$57,735$53,278$49,148$45,324$36,088
9 years$55,027$50,269$45,888$41,863$38,169$29,405
10 years$49,021$44,309$40,007$36,086$32,522$24,221
11 years$44,110$39,446$35,221$31,406$27,970$20,120
12 years$40,021$35,405$31,258$27,547$24,238$16,826
13 years$36,563$31,995$27,927$24,320$21,136$14,149
14 years$33,602$29,083$25,092$21,589$18,528$11,951
15 years$31,039$26,568$22,655$19,253$16,313$10,131
16 years$28,797$24,375$20,540$17,239$14,418$8,615
17 years$26,822$22,449$18,691$15,489$12,784$7,344
18 years$25,068$20,744$17,062$13,959$11,367$6,274
19 years$23,500$19,225$15,620$12,613$10,132$5,370
20 years$22,091$17,865$14,335$11,424$9,050$4,603
21 years$20,818$16,640$13,185$10,368$8,098$3,951
22 years$19,662$15,533$12,152$9,427$7,259$3,395
23 years$18,609$14,528$11,221$8,585$6,516$2,920
24 years$17,644$13,612$10,377$7,830$5,857$2,513
25 years$16,758$12,774$9,611$7,151$5,270$2,165
26 years$15,941$12,005$8,914$6,538$4,747$1,866
27 years$15,187$11,299$8,277$5,985$4,280$1,609
28 years$14,487$10,647$7,695$5,483$3,862$1,388
29 years$13,837$10,044$7,161$5,028$3,487$1,198
30 years$13,231$9,485$6,670$4,615$3,151$1,034
31 years$12,666$8,967$6,218$4,238$2,849$893
32 years$12,137$8,484$5,802$3,895$2,577$771
33 years$11,641$8,035$5,417$3,582$2,332$666
34 years$11,175$7,615$5,061$3,296$2,111$576
35 years$10,736$7,223$4,732$3,034$1,912$498
36 years$10,324$6,856$4,427$2,794$1,733$430
37 years$9,934$6,511$4,143$2,574$1,570$372
38 years$9,565$6,188$3,880$2,373$1,424$321
39 years$9,217$5,884$3,635$2,188$1,291$278
40 years$8,887$5,598$3,407$2,018$1,171$240
41 years$8,573$5,329$3,195$1,862$1,062$208
42 years$8,275$5,075$2,997$1,718$964$180
43 years$7,992$4,836$2,812$1,586$875$155
44 years$7,723$4,609$2,640$1,465$794$134
45 years$7,466$4,395$2,479$1,353$721$116
46 years$7,221$4,193$2,328$1,249$655$100
47 years$6,988$4,002$2,187$1,154$594$87
48 years$6,764$3,820$2,055$1,067$540$75
49 years$6,551$3,648$1,932$986$490$65
50 years$6,346$3,485$1,816$911$445$56

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 $3,653 every year, while hoping to spend $43,112 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: 64/27/9 Blend
53$6,500,000$6,500,000$6,500,000$6,500,000
54$7,166,768$6,822,268$6,721,518$7,611,744
55$7,851,908$7,110,688$6,900,818$8,197,373
56$8,605,486$7,411,796$7,084,680$8,831,359
57$9,434,440$7,726,168$7,273,210$9,522,701
58$10,346,409$8,054,407$7,466,519$10,276,968
59$11,349,813$8,397,143$7,664,718$11,100,287
60$12,453,929$8,755,038$7,867,921$11,999,398
61$13,668,977$9,128,782$8,076,244$12,981,718
62$15,006,220$9,519,100$8,289,805$14,055,404
63$16,478,066$9,926,747$8,508,725$15,229,435
64$18,098,189$10,352,518$8,733,128$16,513,690
65$19,881,654$10,797,241$8,963,137$17,919,041
66$21,845,062$11,261,785$9,198,882$19,457,455
67$24,006,705$11,747,060$9,440,491$21,142,102
68$26,386,740$12,254,016$9,688,098$22,987,480
69$29,007,376$12,783,651$9,941,838$25,009,548
70$31,893,086$13,337,008$10,201,847$27,225,876
71$35,070,837$13,915,178$10,468,265$29,655,804
72$38,570,346$14,519,305$10,741,236$32,320,628
73$42,424,357$15,150,587$11,020,903$35,243,795
74$46,668,951$15,810,275$11,307,413$38,451,122
75$51,343,890$16,499,684$11,600,917$41,971,037
76$56,492,985$17,220,188$11,901,566$45,834,843
77$62,164,517$17,973,224$12,209,516$50,077,013
78$68,411,686$18,760,301$12,524,923$54,735,511
79$75,293,118$19,582,995$12,847,948$59,852,146
80$82,873,414$20,442,960$13,178,752$65,472,963
81$91,223,763$21,341,926$13,517,501$71,648,675
82$100,422,611$22,281,705$13,864,362$78,435,139
83$110,556,403$23,264,194$14,219,504$85,893,877
84$121,720,399$24,291,383$14,583,100$94,092,651
85$134,019,571$25,365,351$14,955,325$103,106,103
86$147,569,594$26,488,281$15,336,356$113,016,451
87$162,497,941$27,662,454$15,726,372$123,914,262
88$178,945,081$28,890,265$16,125,555$135,899,301
89$197,065,808$30,174,216$16,534,090$149,081,469
90$217,030,702$31,516,934$16,952,163$163,581,833
91$239,027,736$32,921,167$17,379,964$179,533,763
92$263,264,055$34,389,794$17,817,682$197,084,187
93$289,967,927$35,925,832$18,265,512$216,394,972
94$319,390,898$37,532,440$18,723,649$237,644,441
95$351,810,168$39,212,928$19,192,291$261,029,054
96$387,531,208$40,970,765$19,671,636$286,765,255
97$426,890,641$42,809,582$20,161,885$315,091,505
98$470,259,421$44,733,186$20,663,242$346,270,527
99$518,046,333$46,745,563$21,175,912$380,591,779
100$570,701,854$48,850,891$21,700,100$418,374,175