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%17.7%
1 years$553,280$548,351$543,543$538,850$534,267$517,580
2 years$273,901$268,800$263,856$259,063$254,413$237,749
3 years$180,787$175,664$170,732$165,984$161,410$145,292
4 years$134,239$129,131$124,249$119,582$115,119$99,671
5 years$106,317$101,241$96,423$91,850$87,512$72,776
6 years$87,709$82,671$77,924$73,454$69,245$55,233
7 years$74,423$69,427$64,755$60,390$56,315$43,026
8 years$64,463$59,511$54,917$50,660$46,718$34,144
9 years$56,720$51,815$47,300$43,151$39,344$27,470
10 years$50,529$45,673$41,238$37,197$33,523$22,332
11 years$45,467$40,660$36,305$32,372$28,831$18,303
12 years$41,252$36,494$32,220$28,395$24,984$15,097
13 years$37,689$32,980$28,786$25,068$21,787$12,516
14 years$34,636$29,978$25,864$22,253$19,098$10,420
15 years$31,994$27,385$23,352$19,846$16,815$8,704
16 years$29,684$25,125$21,172$17,770$14,862$7,291
17 years$27,647$23,140$19,266$15,966$13,177$6,121
18 years$25,839$21,382$17,587$14,388$11,717$5,149
19 years$24,224$19,817$16,100$13,001$10,443$4,338
20 years$22,771$18,415$14,776$11,775$9,328$3,660
21 years$21,459$17,152$13,591$10,687$8,348$3,091
22 years$20,267$16,011$12,526$9,717$7,482$2,613
23 years$19,181$14,975$11,566$8,849$6,717$2,210
24 years$18,187$14,031$10,696$8,071$6,037$1,871
25 years$17,274$13,167$9,907$7,371$5,432$1,585
26 years$16,432$12,375$9,188$6,739$4,893$1,343
27 years$15,654$11,646$8,532$6,169$4,412$1,139
28 years$14,933$10,974$7,932$5,652$3,981$966
29 years$14,263$10,353$7,381$5,183$3,595$819
30 years$13,638$9,777$6,875$4,757$3,248$695
31 years$13,055$9,243$6,410$4,369$2,936$590
32 years$12,510$8,745$5,980$4,015$2,656$501
33 years$11,999$8,282$5,584$3,692$2,404$425
34 years$11,519$7,850$5,217$3,397$2,176$361
35 years$11,067$7,445$4,878$3,127$1,971$306
36 years$10,641$7,067$4,563$2,880$1,786$260
37 years$10,239$6,712$4,271$2,654$1,619$221
38 years$9,860$6,378$3,999$2,446$1,468$188
39 years$9,500$6,065$3,747$2,255$1,331$159
40 years$9,160$5,771$3,512$2,080$1,207$135
41 years$8,837$5,493$3,293$1,919$1,095$115
42 years$8,530$5,231$3,089$1,771$994$98
43 years$8,238$4,984$2,899$1,635$902$83
44 years$7,961$4,751$2,721$1,510$819$70
45 years$7,696$4,531$2,555$1,394$743$60
46 years$7,444$4,322$2,400$1,288$675$51
47 years$7,203$4,125$2,254$1,190$613$43
48 years$6,972$3,938$2,119$1,099$556$37
49 years$6,752$3,760$1,991$1,016$505$31
50 years$6,542$3,592$1,872$939$459$27

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 $6,303 every year, while hoping to spend $51,644 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: 35/47/18 Blend
53$6,700,000$6,700,000$6,700,000$6,700,000
54$7,389,902$7,034,802$6,930,952$7,607,597
55$8,088,723$7,324,558$7,108,190$8,056,942
56$8,857,093$7,626,782$7,289,634$8,536,174
57$9,702,051$7,942,029$7,475,372$9,052,169
58$10,631,353$8,270,881$7,665,490$9,608,222
59$11,653,545$8,613,948$7,860,078$10,207,946
60$12,778,041$8,971,866$8,059,224$10,855,302
61$14,015,214$9,345,300$8,263,021$11,554,637
62$15,376,494$9,734,948$8,471,560$12,310,720
63$16,874,473$10,141,538$8,684,935$13,128,786
64$18,523,029$10,565,832$8,903,239$14,014,578
65$20,337,448$11,008,629$9,126,569$14,974,406
66$22,334,579$11,470,762$9,355,019$16,015,196
67$24,532,982$11,953,105$9,588,688$17,144,557
68$26,953,111$12,456,572$9,827,674$18,370,846
69$29,617,502$12,982,118$10,072,076$19,703,246
70$32,550,990$13,530,744$10,321,992$21,151,846
71$35,780,937$14,103,497$10,577,525$22,727,736
72$39,337,495$14,701,471$10,838,775$24,443,105
73$43,253,890$15,325,814$11,105,845$26,311,351
74$47,566,733$15,977,725$11,378,836$28,347,206
75$52,316,365$16,658,459$11,657,853$30,566,869
76$57,547,241$17,369,330$11,942,998$32,988,153
77$63,308,346$18,111,714$12,234,375$35,630,649
78$69,653,660$18,887,051$12,532,089$38,515,906
79$76,642,664$19,696,846$12,836,244$41,667,629
80$84,340,902$20,542,678$13,146,945$45,111,896
81$92,820,603$21,426,198$13,464,296$48,877,398
82$102,161,356$22,349,133$13,788,402$52,995,705
83$112,450,866$23,313,293$14,119,366$57,501,558
84$123,785,783$24,320,572$14,457,292$62,433,185
85$136,272,605$25,372,953$14,802,284$67,832,663
86$150,028,695$26,472,512$15,154,445$73,746,299
87$165,183,379$27,621,423$15,513,876$80,225,066
88$181,879,172$28,821,960$15,880,679$87,325,073
89$200,273,118$30,076,507$16,254,952$95,108,085
90$220,538,278$31,387,558$16,636,795$103,642,101
91$242,865,360$32,757,725$17,026,305$113,001,982
92$267,464,517$34,189,745$17,423,577$123,270,153
93$294,567,336$35,686,480$17,828,705$134,537,364
94$324,429,018$37,250,931$18,241,780$146,903,545
95$357,330,789$38,886,238$18,662,891$160,478,728
96$393,582,556$40,595,690$19,092,124$175,384,084
97$433,525,830$42,382,733$19,529,564$191,753,047
98$477,536,951$44,250,972$19,975,290$209,732,566
99$526,030,638$46,204,188$20,429,380$229,484,474
100$579,463,905$48,246,336$20,891,907$251,187,008