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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$545,022$540,167$535,431$530,807$526,293$508,024
2 years$269,813$264,788$259,918$255,196$250,616$232,399
3 years$178,088$173,042$168,184$163,506$159,001$141,409
4 years$132,235$127,204$122,395$117,797$113,401$96,568
5 years$104,731$99,729$94,983$90,480$86,206$70,176
6 years$86,400$81,437$76,761$72,357$68,211$52,997
7 years$73,312$68,390$63,789$59,489$55,474$41,073
8 years$63,500$58,623$54,098$49,904$46,021$32,421
9 years$55,873$51,042$46,594$42,507$38,757$25,941
10 years$49,775$44,991$40,622$36,641$33,022$20,970
11 years$44,789$40,053$35,763$31,889$28,400$17,086
12 years$40,637$35,949$31,739$27,971$24,611$14,009
13 years$37,126$32,488$28,356$24,694$21,461$11,544
14 years$34,119$29,530$25,478$21,921$18,813$9,551
15 years$31,516$26,977$23,004$19,549$16,564$7,927
16 years$29,240$24,750$20,856$17,504$14,640$6,597
17 years$27,235$22,794$18,978$15,728$12,981$5,502
18 years$25,454$21,063$17,325$14,174$11,542$4,597
19 years$23,862$19,521$15,860$12,807$10,287$3,847
20 years$22,431$18,140$14,555$11,599$9,189$3,223
21 years$21,139$16,896$13,388$10,527$8,223$2,703
22 years$19,965$15,772$12,339$9,572$7,371$2,269
23 years$18,895$14,751$11,393$8,717$6,616$1,906
24 years$17,915$13,821$10,537$7,950$5,947$1,602
25 years$17,016$12,970$9,759$7,261$5,351$1,347
26 years$16,187$12,190$9,051$6,639$4,820$1,133
27 years$15,420$11,472$8,405$6,077$4,346$954
28 years$14,710$10,810$7,813$5,568$3,921$803
29 years$14,050$10,198$7,271$5,106$3,541$676
30 years$13,435$9,631$6,773$4,686$3,199$569
31 years$12,861$9,105$6,314$4,303$2,893$480
32 years$12,323$8,615$5,891$3,955$2,617$404
33 years$11,820$8,158$5,500$3,637$2,368$341
34 years$11,347$7,732$5,139$3,346$2,144$287
35 years$10,902$7,334$4,805$3,080$1,942$242
36 years$10,482$6,961$4,495$2,837$1,759$204
37 years$10,087$6,611$4,207$2,614$1,595$172
38 years$9,713$6,283$3,940$2,409$1,446$145
39 years$9,359$5,975$3,691$2,221$1,311$122
40 years$9,023$5,684$3,460$2,049$1,189$103
41 years$8,705$5,411$3,244$1,890$1,079$87
42 years$8,403$5,153$3,043$1,745$979$73
43 years$8,115$4,910$2,856$1,611$888$62
44 years$7,842$4,680$2,680$1,487$806$52
45 years$7,581$4,463$2,517$1,373$732$44
46 years$7,332$4,258$2,364$1,269$665$37
47 years$7,095$4,063$2,221$1,172$604$31
48 years$6,868$3,879$2,087$1,083$548$26
49 years$6,651$3,704$1,962$1,001$498$22
50 years$6,444$3,538$1,844$925$452$19

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 $4,585 every year, while hoping to spend $28,746 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: 86/8/6 Blend
53$6,600,000$6,600,000$6,600,000$6,600,000
54$7,277,929$6,928,129$6,825,829$7,901,675
55$7,989,693$7,237,022$7,023,909$8,617,739
56$8,773,092$7,560,087$7,227,661$9,400,019
57$9,635,405$7,897,989$7,437,245$10,258,697
58$10,584,649$8,251,422$7,652,825$11,201,438
59$11,629,657$8,621,117$7,874,569$12,236,688
60$12,780,167$9,007,836$8,102,651$13,373,747
61$14,046,903$9,412,379$8,337,249$14,622,860
62$15,441,685$9,835,584$8,578,546$15,995,310
63$16,977,538$10,278,329$8,826,728$17,503,527
64$18,668,814$10,741,534$9,081,991$19,161,199
65$20,531,326$11,226,162$9,344,530$20,983,408
66$22,582,501$11,733,223$9,614,551$22,986,767
67$24,841,540$12,263,775$9,892,263$25,189,575
68$27,329,603$12,818,927$10,177,880$27,611,993
69$30,070,007$13,399,838$10,471,624$30,276,229
70$33,088,445$14,007,728$10,773,720$33,206,749
71$36,413,230$14,643,869$11,084,403$36,430,508
72$40,075,560$15,309,599$11,403,911$39,977,201
73$44,109,815$16,006,318$11,732,490$43,879,542
74$48,553,881$16,735,492$12,070,393$48,173,575
75$53,449,504$17,498,659$12,417,879$52,899,010
76$58,842,690$18,297,430$12,775,214$58,099,599
77$64,784,133$19,133,492$13,142,672$63,823,545
78$71,329,697$20,008,615$13,520,534$70,123,957
79$78,540,942$20,924,653$13,909,088$77,059,350
80$86,485,706$21,883,549$14,308,630$84,694,198
81$95,238,744$22,887,339$14,719,465$93,099,537
82$104,882,434$23,938,157$15,141,905$102,353,637
83$115,507,554$25,038,239$15,576,272$112,542,739
84$127,214,141$26,189,929$16,022,893$123,761,865
85$140,112,431$27,395,684$16,482,108$136,115,718
86$154,323,905$28,658,077$16,954,264$149,719,662
87$169,982,428$29,979,808$17,439,717$164,700,817
88$187,235,522$31,363,705$17,938,833$181,199,249
89$206,245,750$32,812,732$18,451,989$199,369,297
90$227,192,256$34,329,995$18,979,570$219,381,022
91$250,272,453$35,918,752$19,521,973$241,421,817
92$275,703,888$37,582,415$20,079,603$265,698,165
93$303,726,293$39,324,562$20,652,879$292,437,593
94$334,603,853$41,148,944$21,242,229$321,890,815
95$368,627,695$43,059,491$21,848,092$354,334,096
96$406,118,638$45,060,324$22,470,921$390,071,855
97$447,430,221$47,155,761$23,111,178$429,439,542
98$492,952,040$49,350,331$23,769,340$472,806,793
99$543,113,430$51,648,778$24,445,894$520,580,927
100$598,387,510$54,056,078$25,141,342$573,210,776