Can I retire at age 54 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$545,022$540,167$535,431$530,807$526,293$518,215
2 years$269,813$264,788$259,918$255,196$250,616$242,496
3 years$178,088$173,042$168,184$163,506$159,001$151,093
4 years$132,235$127,204$122,395$117,797$113,401$105,766
5 years$104,731$99,729$94,983$90,480$86,206$78,865
6 years$86,400$81,437$76,761$72,357$68,211$61,174
7 years$73,312$68,390$63,789$59,489$55,474$48,743
8 years$63,500$58,623$54,098$49,904$46,021$39,594
9 years$55,873$51,042$46,594$42,507$38,757$32,631
10 years$49,775$44,991$40,622$36,641$33,022$27,193
11 years$44,789$40,053$35,763$31,889$28,400$22,861
12 years$40,637$35,949$31,739$27,971$24,611$19,356
13 years$37,126$32,488$28,356$24,694$21,461$16,482
14 years$34,119$29,530$25,478$21,921$18,813$14,102
15 years$31,516$26,977$23,004$19,549$16,564$12,113
16 years$29,240$24,750$20,856$17,504$14,640$10,438
17 years$27,235$22,794$18,978$15,728$12,981$9,021
18 years$25,454$21,063$17,325$14,174$11,542$7,814
19 years$23,862$19,521$15,860$12,807$10,287$6,783
20 years$22,431$18,140$14,555$11,599$9,189$5,898
21 years$21,139$16,896$13,388$10,527$8,223$5,136
22 years$19,965$15,772$12,339$9,572$7,371$4,478
23 years$18,895$14,751$11,393$8,717$6,616$3,909
24 years$17,915$13,821$10,537$7,950$5,947$3,415
25 years$17,016$12,970$9,759$7,261$5,351$2,986
26 years$16,187$12,190$9,051$6,639$4,820$2,613
27 years$15,420$11,472$8,405$6,077$4,346$2,288
28 years$14,710$10,810$7,813$5,568$3,921$2,005
29 years$14,050$10,198$7,271$5,106$3,541$1,757
30 years$13,435$9,631$6,773$4,686$3,199$1,541
31 years$12,861$9,105$6,314$4,303$2,893$1,352
32 years$12,323$8,615$5,891$3,955$2,617$1,186
33 years$11,820$8,158$5,500$3,637$2,368$1,041
34 years$11,347$7,732$5,139$3,346$2,144$914
35 years$10,902$7,334$4,805$3,080$1,942$803
36 years$10,482$6,961$4,495$2,837$1,759$705
37 years$10,087$6,611$4,207$2,614$1,595$619
38 years$9,713$6,283$3,940$2,409$1,446$544
39 years$9,359$5,975$3,691$2,221$1,311$478
40 years$9,023$5,684$3,460$2,049$1,189$420
41 years$8,705$5,411$3,244$1,890$1,079$369
42 years$8,403$5,153$3,043$1,745$979$325
43 years$8,115$4,910$2,856$1,611$888$285
44 years$7,842$4,680$2,680$1,487$806$251
45 years$7,581$4,463$2,517$1,373$732$220
46 years$7,332$4,258$2,364$1,269$665$194
47 years$7,095$4,063$2,221$1,172$604$170
48 years$6,868$3,879$2,087$1,083$548$150
49 years$6,651$3,704$1,962$1,001$498$132
50 years$6,444$3,538$1,844$925$452$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,600,000, adding $4,584 every year, while hoping to spend $43,125 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: 24/47/29 Blend
53$6,600,000$6,600,000$6,600,000$6,600,000
54$7,277,928$6,928,128$6,825,828$7,386,174
55$7,974,392$7,221,722$7,008,609$7,772,804
56$8,740,450$7,528,256$7,196,067$8,182,808
57$9,583,155$7,848,320$7,388,315$8,621,193
58$10,510,279$8,182,529$7,585,464$9,090,350
59$11,530,382$8,531,528$7,787,632$9,592,897
60$12,652,899$8,895,991$7,994,937$10,131,698
61$13,888,226$9,276,626$8,207,498$10,709,886
62$15,247,815$9,674,170$8,425,439$11,330,891
63$16,744,286$10,089,398$8,648,885$11,998,471
64$18,391,545$10,523,121$8,877,964$12,716,740
65$20,204,913$10,976,184$9,112,807$13,490,209
66$22,201,274$11,449,477$9,353,546$14,323,820
67$24,399,231$11,943,929$9,600,317$15,222,993
68$26,819,283$12,460,511$9,853,258$16,193,669
69$29,484,017$13,000,243$10,112,508$17,242,366
70$32,418,322$13,564,191$10,378,213$18,376,238
71$35,649,625$14,153,470$10,650,517$19,603,131
72$39,208,146$14,769,250$10,929,570$20,931,658
73$43,127,189$15,412,754$11,215,521$22,371,278
74$47,443,447$16,085,265$11,508,527$23,932,372
75$52,197,358$16,788,122$11,808,742$25,626,345
76$57,433,481$17,522,732$12,116,327$27,465,721
77$63,200,916$18,290,566$12,431,444$29,464,261
78$69,553,770$19,093,164$12,754,257$31,637,085
79$76,551,665$19,932,140$13,084,936$34,000,806
80$84,260,303$20,809,183$13,423,649$36,573,687
81$92,752,083$21,726,063$13,770,571$39,375,799
82$102,106,788$22,684,632$14,125,878$42,429,211
83$112,412,334$23,686,832$14,489,748$45,758,185
84$123,765,601$24,734,696$14,862,363$49,389,401
85$136,273,348$25,830,352$15,243,908$53,352,199
86$150,053,220$26,976,030$15,634,570$57,678,851
87$165,234,860$28,174,066$16,034,539$62,404,851
88$181,961,127$29,426,907$16,444,007$67,569,249
89$200,389,451$30,737,115$16,863,171$73,215,004
90$220,693,315$32,107,374$17,292,227$79,389,381
91$243,063,894$33,540,496$17,731,378$86,144,388
92$267,711,857$35,039,426$18,180,825$93,537,258
93$294,869,360$36,607,251$18,640,776$101,630,974
94$324,792,230$38,247,202$19,111,437$110,494,853
95$357,762,389$39,962,666$19,593,022$120,205,191
96$394,090,507$41,757,191$20,085,742$130,845,968
97$434,118,937$43,634,492$20,589,813$142,509,625
98$478,224,950$45,598,464$21,105,453$155,297,930
99$526,824,292$47,653,185$21,632,883$169,322,916
100$580,375,109$49,802,931$22,172,324$184,707,927