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%19.6%
1 years$561,538$556,536$551,656$546,893$542,242$521,345
2 years$277,989$272,812$267,794$262,929$258,210$237,407
3 years$183,485$178,285$173,280$168,461$163,819$143,763
4 years$136,242$131,059$126,104$121,367$116,837$97,682
5 years$107,904$102,752$97,862$93,221$88,818$70,612
6 years$89,018$83,904$79,087$74,550$70,279$53,034
7 years$75,534$70,463$65,722$61,292$57,155$40,867
8 years$65,425$60,400$55,737$51,416$47,416$32,068
9 years$57,566$52,589$48,006$43,795$39,931$25,501
10 years$51,283$46,354$41,853$37,752$34,023$20,484
11 years$46,146$41,267$36,847$32,855$29,261$16,582
12 years$41,868$37,039$32,701$28,819$25,357$13,506
13 years$38,251$33,472$29,216$25,442$22,112$11,053
14 years$35,153$30,425$26,250$22,585$19,383$9,081
15 years$32,471$27,794$23,701$20,142$17,066$7,484
16 years$30,127$25,500$21,488$18,035$15,083$6,183
17 years$28,060$23,485$19,553$16,204$13,374$5,119
18 years$26,225$21,701$17,850$14,603$11,891$4,245
19 years$24,585$20,112$16,341$13,195$10,599$3,525
20 years$23,111$18,689$14,997$11,951$9,467$2,931
21 years$21,779$17,408$13,794$10,846$8,472$2,439
22 years$20,570$16,250$12,713$9,862$7,594$2,032
23 years$19,467$15,198$11,738$8,981$6,817$1,693
24 years$18,458$14,240$10,856$8,191$6,127$1,412
25 years$17,531$13,364$10,055$7,481$5,514$1,178
26 years$16,677$12,560$9,325$6,840$4,966$983
27 years$15,888$11,820$8,659$6,261$4,478$821
28 years$15,156$11,138$8,050$5,736$4,040$685
29 years$14,476$10,507$7,491$5,260$3,648$572
30 years$13,842$9,923$6,978$4,828$3,296$478
31 years$13,250$9,381$6,505$4,434$2,980$399
32 years$12,697$8,876$6,070$4,075$2,696$334
33 years$12,178$8,406$5,667$3,747$2,440$279
34 years$11,690$7,967$5,295$3,448$2,209$233
35 years$11,232$7,556$4,950$3,174$2,001$195
36 years$10,800$7,172$4,631$2,923$1,813$163
37 years$10,392$6,812$4,335$2,693$1,643$136
38 years$10,007$6,474$4,059$2,482$1,489$114
39 years$9,642$6,156$3,803$2,289$1,351$95
40 years$9,297$5,857$3,565$2,111$1,225$80
41 years$8,969$5,575$3,342$1,948$1,111$66
42 years$8,657$5,309$3,135$1,798$1,009$56
43 years$8,361$5,059$2,942$1,659$915$46
44 years$8,079$4,822$2,762$1,532$831$39
45 years$7,811$4,598$2,593$1,415$754$32
46 years$7,555$4,387$2,435$1,307$685$27
47 years$7,310$4,186$2,288$1,208$622$23
48 years$7,076$3,996$2,150$1,116$565$19
49 years$6,853$3,816$2,021$1,031$513$16
50 years$6,639$3,645$1,900$953$466$13

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 $2,283 every year, while hoping to spend $57,855 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: 74/10/16 Blend
53$6,800,000$6,800,000$6,800,000$6,800,000
54$7,495,955$7,135,555$7,030,155$8,023,626
55$8,198,985$7,423,640$7,204,108$8,661,397
56$8,971,785$7,723,902$7,381,949$9,352,672
57$9,821,411$8,036,877$7,563,748$10,108,589
58$10,755,635$8,363,124$7,749,574$10,935,559
59$11,783,022$8,703,229$7,939,497$11,840,638
60$12,913,008$9,057,805$8,133,587$12,831,596
61$14,155,987$9,427,490$8,331,915$13,916,991
62$15,523,415$9,812,954$8,534,551$15,106,244
63$17,027,911$10,214,897$8,741,567$16,409,733
64$18,683,381$10,634,050$8,953,032$17,838,886
65$20,505,145$11,071,177$9,169,018$19,406,288
66$22,510,086$11,527,080$9,389,596$21,125,803
67$24,716,802$12,002,595$9,614,835$23,012,697
68$27,145,791$12,498,597$9,844,807$25,083,788
69$29,819,634$13,016,001$10,079,580$27,357,601
70$32,763,216$13,555,764$10,319,226$29,854,538
71$36,003,956$14,118,888$10,563,811$32,597,078
72$39,572,066$14,706,421$10,813,406$35,609,979
73$43,500,838$15,319,457$11,068,076$38,920,515
74$47,826,956$15,959,143$11,327,890$42,558,735
75$52,590,843$16,626,678$11,592,911$46,557,737
76$57,837,041$17,323,317$11,863,205$50,953,989
77$63,614,631$18,050,372$12,138,835$55,787,664
78$69,977,700$18,809,217$12,419,863$61,103,021
79$76,985,845$19,601,288$12,706,347$66,948,824
80$84,704,738$20,428,088$12,998,347$73,378,793
81$93,206,748$21,291,191$13,295,919$80,452,120
82$102,571,621$22,192,244$13,599,116$88,234,015
83$112,887,230$23,132,968$13,907,990$96,796,330
84$124,250,411$24,115,166$14,222,591$106,218,228
85$136,767,869$25,140,726$14,542,965$116,586,932
86$150,557,192$26,211,622$14,869,154$127,998,546
87$165,747,955$27,329,920$15,201,200$140,558,960
88$182,482,943$28,497,783$15,539,137$154,384,847
89$200,919,505$29,717,476$15,883,000$169,604,764
90$221,231,030$30,991,368$16,232,815$186,360,360
91$243,608,589$32,321,939$16,588,609$204,807,715
92$268,262,736$33,711,786$16,950,399$225,118,808
93$295,425,499$35,163,626$17,318,200$247,483,139
94$325,352,561$36,680,306$17,692,022$272,109,515
95$358,325,685$38,264,803$18,071,867$299,228,020
96$394,655,363$39,920,236$18,457,732$329,092,182
97$434,683,752$41,649,870$18,849,609$361,981,365
98$478,787,903$43,457,123$19,247,479$398,203,403
99$527,383,320$45,345,572$19,651,321$438,097,502
100$580,927,880$47,318,966$20,061,101$482,037,440