Can I retire at age 54 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$561,538$556,536$551,656$546,893$542,242$528,490
2 years$277,989$272,812$267,794$262,929$258,210$244,445
3 years$183,485$178,285$173,280$168,461$163,819$150,471
4 years$136,242$131,059$126,104$121,367$116,837$104,008
5 years$107,904$102,752$97,862$93,221$88,818$76,544
6 years$89,018$83,904$79,087$74,550$70,279$58,572
7 years$75,534$70,463$65,722$61,292$57,155$46,017
8 years$65,425$60,400$55,737$51,416$47,416$36,841
9 years$57,566$52,589$48,006$43,795$39,931$29,911
10 years$51,283$46,354$41,853$37,752$34,023$24,545
11 years$46,146$41,267$36,847$32,855$29,261$20,311
12 years$41,868$37,039$32,701$28,819$25,357$16,920
13 years$38,251$33,472$29,216$25,442$22,112$14,171
14 years$35,153$30,425$26,250$22,585$19,383$11,920
15 years$32,471$27,794$23,701$20,142$17,066$10,063
16 years$30,127$25,500$21,488$18,035$15,083$8,520
17 years$28,060$23,485$19,553$16,204$13,374$7,232
18 years$26,225$21,701$17,850$14,603$11,891$6,151
19 years$24,585$20,112$16,341$13,195$10,599$5,241
20 years$23,111$18,689$14,997$11,951$9,467$4,472
21 years$21,779$17,408$13,794$10,846$8,472$3,821
22 years$20,570$16,250$12,713$9,862$7,594$3,268
23 years$19,467$15,198$11,738$8,981$6,817$2,798
24 years$18,458$14,240$10,856$8,191$6,127$2,397
25 years$17,531$13,364$10,055$7,481$5,514$2,054
26 years$16,677$12,560$9,325$6,840$4,966$1,762
27 years$15,888$11,820$8,659$6,261$4,478$1,512
28 years$15,156$11,138$8,050$5,736$4,040$1,298
29 years$14,476$10,507$7,491$5,260$3,648$1,115
30 years$13,842$9,923$6,978$4,828$3,296$958
31 years$13,250$9,381$6,505$4,434$2,980$823
32 years$12,697$8,876$6,070$4,075$2,696$707
33 years$12,178$8,406$5,667$3,747$2,440$608
34 years$11,690$7,967$5,295$3,448$2,209$523
35 years$11,232$7,556$4,950$3,174$2,001$449
36 years$10,800$7,172$4,631$2,923$1,813$386
37 years$10,392$6,812$4,335$2,693$1,643$332
38 years$10,007$6,474$4,059$2,482$1,489$286
39 years$9,642$6,156$3,803$2,289$1,351$246
40 years$9,297$5,857$3,565$2,111$1,225$212
41 years$8,969$5,575$3,342$1,948$1,111$182
42 years$8,657$5,309$3,135$1,798$1,009$157
43 years$8,361$5,059$2,942$1,659$915$135
44 years$8,079$4,822$2,762$1,532$831$116
45 years$7,811$4,598$2,593$1,415$754$100
46 years$7,555$4,387$2,435$1,307$685$86
47 years$7,310$4,186$2,288$1,208$622$74
48 years$7,076$3,996$2,150$1,116$565$64
49 years$6,853$3,816$2,021$1,031$513$55
50 years$6,639$3,645$1,900$953$466$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,800,000, adding $2,645 every year, while hoping to spend $29,931 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: 56/36/8 Blend
53$6,800,000$6,800,000$6,800,000$6,800,000
54$7,496,328$7,135,928$7,030,528$7,902,019
55$8,229,107$7,453,742$7,234,205$8,493,768
56$9,035,627$7,786,126$7,443,701$9,134,408
57$9,923,377$8,133,762$7,659,181$9,831,433
58$10,900,609$8,497,365$7,880,812$10,590,221
59$11,976,419$8,877,683$8,108,766$11,416,681
60$13,160,825$9,275,501$8,343,222$12,317,306
61$14,464,870$9,691,641$8,584,360$13,299,237
62$15,900,719$10,126,964$8,832,368$14,370,322
63$17,481,777$10,582,371$9,087,438$15,539,191
64$19,222,819$11,058,807$9,349,767$16,815,333
65$21,140,120$11,557,262$9,619,558$18,209,183
66$23,251,618$12,078,774$9,897,019$19,732,221
67$25,577,078$12,624,428$10,182,364$21,397,071
68$28,138,279$13,195,365$10,475,812$23,217,623
69$30,959,222$13,792,776$10,777,590$25,209,157
70$34,066,352$14,417,911$11,087,929$27,388,484
71$37,488,812$15,072,081$11,407,067$29,774,103
72$41,258,715$15,756,657$11,735,248$32,386,371
73$45,411,449$16,473,078$12,072,723$35,247,689
74$49,986,008$17,222,851$12,419,751$38,382,714
75$55,025,364$18,007,554$12,776,596$41,818,580
76$60,576,870$18,828,842$13,143,530$45,585,159
77$66,692,704$19,688,449$13,520,832$49,715,329
78$73,430,369$20,588,192$13,908,789$54,245,286
79$80,853,229$21,529,975$14,307,696$59,214,876
80$89,031,108$22,515,795$14,717,854$64,667,969
81$98,040,953$23,547,741$15,139,574$70,652,866
82$107,967,556$24,628,005$15,573,175$77,222,746
83$118,904,354$25,758,885$16,018,984$84,436,167
84$130,954,315$26,942,787$16,477,337$92,357,610
85$144,230,907$28,182,235$16,948,579$101,058,078
86$158,859,167$29,479,872$17,433,064$110,615,764
87$174,976,885$30,838,469$17,931,155$121,116,776
88$192,735,905$32,260,932$18,443,226$132,655,949
89$212,303,553$33,750,303$18,969,660$145,337,724
90$233,864,222$35,309,774$19,510,850$159,277,131
91$257,621,109$36,942,689$20,067,200$174,600,864
92$283,798,134$38,652,553$20,639,123$191,448,467
93$312,642,055$40,443,040$21,227,045$209,973,641
94$344,424,797$42,318,001$21,831,403$230,345,688
95$379,446,016$44,281,473$22,452,645$252,751,092
96$418,035,930$46,337,686$23,091,229$277,395,276
97$460,558,439$48,491,076$23,747,629$304,504,520
98$507,414,552$50,746,291$24,422,327$334,328,094
99$559,046,182$53,108,206$25,115,821$367,140,592
100$615,940,313$55,581,927$25,828,621$403,244,512