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%14.3%
1 years$545,022$540,167$535,431$530,807$526,293$516,937
2 years$269,813$264,788$259,918$255,196$250,616$241,221
3 years$178,088$173,042$168,184$163,506$159,001$149,861
4 years$132,235$127,204$122,395$117,797$113,401$104,585
5 years$104,731$99,729$94,983$90,480$86,206$77,740
6 years$86,400$81,437$76,761$72,357$68,211$60,106
7 years$73,312$68,390$63,789$59,489$55,474$47,731
8 years$63,500$58,623$54,098$49,904$46,021$38,638
9 years$55,873$51,042$46,594$42,507$38,757$31,729
10 years$49,775$44,991$40,622$36,641$33,022$26,345
11 years$44,789$40,053$35,763$31,889$28,400$22,065
12 years$40,637$35,949$31,739$27,971$24,611$18,609
13 years$37,126$32,488$28,356$24,694$21,461$15,784
14 years$34,119$29,530$25,478$21,921$18,813$13,450
15 years$31,516$26,977$23,004$19,549$16,564$11,505
16 years$29,240$24,750$20,856$17,504$14,640$9,874
17 years$27,235$22,794$18,978$15,728$12,981$8,496
18 years$25,454$21,063$17,325$14,174$11,542$7,328
19 years$23,862$19,521$15,860$12,807$10,287$6,333
20 years$22,431$18,140$14,555$11,599$9,189$5,482
21 years$21,139$16,896$13,388$10,527$8,223$4,752
22 years$19,965$15,772$12,339$9,572$7,371$4,124
23 years$18,895$14,751$11,393$8,717$6,616$3,583
24 years$17,915$13,821$10,537$7,950$5,947$3,116
25 years$17,016$12,970$9,759$7,261$5,351$2,712
26 years$16,187$12,190$9,051$6,639$4,820$2,362
27 years$15,420$11,472$8,405$6,077$4,346$2,058
28 years$14,710$10,810$7,813$5,568$3,921$1,794
29 years$14,050$10,198$7,271$5,106$3,541$1,565
30 years$13,435$9,631$6,773$4,686$3,199$1,366
31 years$12,861$9,105$6,314$4,303$2,893$1,192
32 years$12,323$8,615$5,891$3,955$2,617$1,041
33 years$11,820$8,158$5,500$3,637$2,368$909
34 years$11,347$7,732$5,139$3,346$2,144$794
35 years$10,902$7,334$4,805$3,080$1,942$694
36 years$10,482$6,961$4,495$2,837$1,759$606
37 years$10,087$6,611$4,207$2,614$1,595$530
38 years$9,713$6,283$3,940$2,409$1,446$463
39 years$9,359$5,975$3,691$2,221$1,311$405
40 years$9,023$5,684$3,460$2,049$1,189$354
41 years$8,705$5,411$3,244$1,890$1,079$310
42 years$8,403$5,153$3,043$1,745$979$271
43 years$8,115$4,910$2,856$1,611$888$237
44 years$7,842$4,680$2,680$1,487$806$207
45 years$7,581$4,463$2,517$1,373$732$181
46 years$7,332$4,258$2,364$1,269$665$158
47 years$7,095$4,063$2,221$1,172$604$138
48 years$6,868$3,879$2,087$1,083$548$121
49 years$6,651$3,704$1,962$1,001$498$106
50 years$6,444$3,538$1,844$925$452$93

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 $4,843 every year, while hoping to spend $40,798 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: 51/26/23 Blend
53$6,600,000$6,600,000$6,600,000$6,600,000
54$7,278,196$6,928,396$6,826,096$7,602,377
55$7,977,163$7,224,478$7,011,361$8,123,510
56$8,746,057$7,533,701$7,201,465$8,685,270
57$9,591,968$7,856,666$7,396,528$9,295,244
58$10,522,708$8,194,001$7,596,670$9,958,023
59$11,546,882$8,546,365$7,802,016$10,678,654
60$12,673,974$8,914,447$8,012,694$11,462,684
61$13,914,432$9,298,968$8,228,832$12,316,213
62$15,279,770$9,700,684$8,450,564$13,245,951
63$16,782,674$10,120,384$8,678,025$14,259,273
64$18,437,121$10,558,898$8,911,354$15,364,297
65$20,258,515$11,017,091$9,150,691$16,569,946
66$22,263,826$11,495,871$9,396,182$17,886,043
67$24,471,755$11,996,188$9,647,973$19,323,392
68$26,902,910$12,519,036$9,906,216$20,893,880
69$29,579,995$13,065,458$10,171,063$22,610,591
70$32,528,033$13,636,544$10,442,672$24,487,920
71$35,774,593$14,233,435$10,721,202$26,541,714
72$39,350,056$14,857,328$11,006,817$28,789,411
73$43,287,900$15,509,475$11,299,683$31,250,209
74$47,625,015$16,191,188$11,599,971$33,945,237
75$52,402,050$16,903,840$11,907,854$36,897,759
76$57,663,800$17,648,869$12,223,508$40,133,384
77$63,459,626$18,427,782$12,547,114$43,680,307
78$69,843,921$19,242,156$12,878,855$47,569,574
79$76,876,623$20,093,645$13,218,919$51,835,365
80$84,623,783$20,983,977$13,567,497$56,515,321
81$93,158,184$21,914,967$13,924,784$61,650,887
82$102,560,031$22,888,513$14,290,976$67,287,706
83$112,917,708$23,906,604$14,666,278$73,476,041
84$124,328,609$24,971,322$15,050,893$80,271,248
85$136,900,061$26,084,851$15,445,032$87,734,292
86$150,750,334$27,249,475$15,848,907$95,932,316
87$166,009,758$28,467,590$16,262,735$104,939,275
88$182,821,955$29,741,703$16,686,738$114,836,622
89$201,345,190$31,074,443$17,121,140$125,714,077
90$221,753,871$32,468,562$17,566,170$137,670,466
91$244,240,188$33,926,944$18,022,059$150,814,646
92$269,015,934$35,452,610$18,489,044$165,266,528
93$296,314,498$37,048,727$18,967,366$181,158,203
94$326,393,072$38,718,610$19,457,268$198,635,182
95$359,535,077$40,465,733$19,958,998$217,857,758
96$396,052,838$42,293,738$20,472,808$239,002,518
97$436,290,535$44,206,439$20,998,955$262,263,999
98$480,627,447$46,207,831$21,537,697$287,856,516
99$529,481,535$48,302,103$22,089,298$316,016,177
100$583,313,387$50,493,642$22,654,025$347,003,101