Can I retire at age 54 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$553,280$548,351$543,543$538,850$534,267$531,123
2 years$273,901$268,800$263,856$259,063$254,413$251,241
3 years$180,787$175,664$170,732$165,984$161,410$158,308
4 years$134,239$129,131$124,249$119,582$115,119$112,111
5 years$106,317$101,241$96,423$91,850$87,512$84,607
6 years$87,709$82,671$77,924$73,454$69,245$66,447
7 years$74,423$69,427$64,755$60,390$56,315$53,625
8 years$64,463$59,511$54,917$50,660$46,718$44,137
9 years$56,720$51,815$47,300$43,151$39,344$36,870
10 years$50,529$45,673$41,238$37,197$33,523$31,155
11 years$45,467$40,660$36,305$32,372$28,831$26,568
12 years$41,252$36,494$32,220$28,395$24,984$22,824
13 years$37,689$32,980$28,786$25,068$21,787$19,728
14 years$34,636$29,978$25,864$22,253$19,098$17,137
15 years$31,994$27,385$23,352$19,846$16,815$14,951
16 years$29,684$25,125$21,172$17,770$14,862$13,090
17 years$27,647$23,140$19,266$15,966$13,177$11,496
18 years$25,839$21,382$17,587$14,388$11,717$10,123
19 years$24,224$19,817$16,100$13,001$10,443$8,934
20 years$22,771$18,415$14,776$11,775$9,328$7,901
21 years$21,459$17,152$13,591$10,687$8,348$6,999
22 years$20,267$16,011$12,526$9,717$7,482$6,209
23 years$19,181$14,975$11,566$8,849$6,717$5,516
24 years$18,187$14,031$10,696$8,071$6,037$4,906
25 years$17,274$13,167$9,907$7,371$5,432$4,367
26 years$16,432$12,375$9,188$6,739$4,893$3,892
27 years$15,654$11,646$8,532$6,169$4,412$3,471
28 years$14,933$10,974$7,932$5,652$3,981$3,097
29 years$14,263$10,353$7,381$5,183$3,595$2,766
30 years$13,638$9,777$6,875$4,757$3,248$2,471
31 years$13,055$9,243$6,410$4,369$2,936$2,209
32 years$12,510$8,745$5,980$4,015$2,656$1,976
33 years$11,999$8,282$5,584$3,692$2,404$1,768
34 years$11,519$7,850$5,217$3,397$2,176$1,582
35 years$11,067$7,445$4,878$3,127$1,971$1,416
36 years$10,641$7,067$4,563$2,880$1,786$1,268
37 years$10,239$6,712$4,271$2,654$1,619$1,136
38 years$9,860$6,378$3,999$2,446$1,468$1,018
39 years$9,500$6,065$3,747$2,255$1,331$912
40 years$9,160$5,771$3,512$2,080$1,207$818
41 years$8,837$5,493$3,293$1,919$1,095$733
42 years$8,530$5,231$3,089$1,771$994$657
43 years$8,238$4,984$2,899$1,635$902$589
44 years$7,961$4,751$2,721$1,510$819$528
45 years$7,696$4,531$2,555$1,394$743$474
46 years$7,444$4,322$2,400$1,288$675$425
47 years$7,203$4,125$2,254$1,190$613$381
48 years$6,972$3,938$2,119$1,099$556$342
49 years$6,752$3,760$1,991$1,016$505$307
50 years$6,542$3,592$1,872$939$459$275

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,700,000, adding $4,184 every year, while hoping to spend $30,821 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: 47/36/17 Blend
53$6,700,000$6,700,000$6,700,000$6,700,000
54$7,387,716$7,032,616$6,928,766$7,699,232
55$8,108,470$7,344,421$7,128,086$8,227,954
56$8,901,707$7,670,471$7,333,051$8,798,018
57$9,774,789$8,011,432$7,543,816$9,416,089
58$10,735,827$8,368,002$7,760,543$10,086,660
59$11,793,757$8,740,909$7,983,397$10,814,664
60$12,958,426$9,130,919$8,212,546$11,605,520
61$14,240,685$9,538,834$8,448,166$12,465,182
62$15,652,490$9,965,492$8,690,435$13,400,189
63$17,207,016$10,411,774$8,939,537$14,417,732
64$18,918,780$10,878,599$9,195,659$15,525,708
65$20,803,778$11,366,932$9,458,997$16,732,803
66$22,879,637$11,877,786$9,729,747$18,048,562
67$25,165,781$12,412,218$10,008,114$19,483,482
68$27,683,613$12,971,339$10,294,308$21,049,104
69$30,456,718$13,556,311$10,588,544$22,758,120
70$33,511,085$14,168,352$10,891,042$24,624,491
71$36,875,352$14,808,738$11,202,028$26,663,571
72$40,581,078$15,478,806$11,521,736$28,892,251
73$44,663,038$16,179,957$11,850,404$31,329,114
74$49,159,552$16,913,660$12,188,277$33,994,606
75$54,112,849$17,681,452$12,535,607$36,911,222
76$59,569,461$18,484,945$12,892,652$40,103,719
77$65,580,667$19,325,827$13,259,676$43,599,339
78$72,202,971$20,205,870$13,636,952$47,428,066
79$79,498,643$21,126,926$14,024,758$51,622,900
80$87,536,299$22,090,939$14,423,382$56,220,164
81$96,391,552$23,099,946$14,833,116$61,259,844
82$106,147,728$24,156,081$15,254,263$66,785,955
83$116,896,647$25,261,580$15,687,132$72,846,953
84$128,739,495$26,418,787$16,132,040$79,496,189
85$141,787,773$27,630,157$16,589,313$86,792,398
86$156,164,357$28,898,266$17,059,286$94,800,253
87$172,004,650$30,225,810$17,542,301$103,590,964
88$189,457,867$31,615,617$18,038,710$113,242,945
89$208,688,437$33,070,650$18,548,875$123,842,543
90$229,877,560$34,594,014$19,073,165$135,484,847
91$253,224,915$36,188,964$19,611,959$148,274,575
92$278,950,545$37,858,913$20,165,649$162,327,052
93$307,296,935$39,607,434$20,734,633$177,769,293
94$338,531,301$41,438,276$21,319,321$194,741,185
95$372,948,109$43,355,367$21,920,134$213,396,804
96$410,871,859$45,362,824$22,537,502$233,905,850
97$452,660,149$47,464,962$23,171,868$256,455,245
98$498,707,043$49,666,304$23,823,684$281,250,881
99$549,446,801$51,971,592$24,493,417$308,519,548
100$605,357,971$54,385,797$25,181,543$338,511,068