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

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$561,538$556,536$551,656$546,893$542,242$520,727
2 years$277,989$272,812$267,794$262,929$258,210$236,802
3 years$183,485$178,285$173,280$168,461$163,819$143,191
4 years$136,242$131,059$126,104$121,367$116,837$97,145
5 years$107,904$102,752$97,862$93,221$88,818$70,113
6 years$89,018$83,904$79,087$74,550$70,279$52,572
7 years$75,534$70,463$65,722$61,292$57,155$40,442
8 years$65,425$60,400$55,737$51,416$47,416$31,678
9 years$57,566$52,589$48,006$43,795$39,931$25,144
10 years$51,283$46,354$41,853$37,752$34,023$20,159
11 years$46,146$41,267$36,847$32,855$29,261$16,287
12 years$41,868$37,039$32,701$28,819$25,357$13,239
13 years$38,251$33,472$29,216$25,442$22,112$10,812
14 years$35,153$30,425$26,250$22,585$19,383$8,864
15 years$32,471$27,794$23,701$20,142$17,066$7,290
16 years$30,127$25,500$21,488$18,035$15,083$6,010
17 years$28,060$23,485$19,553$16,204$13,374$4,964
18 years$26,225$21,701$17,850$14,603$11,891$4,108
19 years$24,585$20,112$16,341$13,195$10,599$3,404
20 years$23,111$18,689$14,997$11,951$9,467$2,823
21 years$21,779$17,408$13,794$10,846$8,472$2,344
22 years$20,570$16,250$12,713$9,862$7,594$1,948
23 years$19,467$15,198$11,738$8,981$6,817$1,619
24 years$18,458$14,240$10,856$8,191$6,127$1,347
25 years$17,531$13,364$10,055$7,481$5,514$1,121
26 years$16,677$12,560$9,325$6,840$4,966$933
27 years$15,888$11,820$8,659$6,261$4,478$777
28 years$15,156$11,138$8,050$5,736$4,040$647
29 years$14,476$10,507$7,491$5,260$3,648$539
30 years$13,842$9,923$6,978$4,828$3,296$450
31 years$13,250$9,381$6,505$4,434$2,980$375
32 years$12,697$8,876$6,070$4,075$2,696$312
33 years$12,178$8,406$5,667$3,747$2,440$260
34 years$11,690$7,967$5,295$3,448$2,209$217
35 years$11,232$7,556$4,950$3,174$2,001$181
36 years$10,800$7,172$4,631$2,923$1,813$151
37 years$10,392$6,812$4,335$2,693$1,643$126
38 years$10,007$6,474$4,059$2,482$1,489$105
39 years$9,642$6,156$3,803$2,289$1,351$87
40 years$9,297$5,857$3,565$2,111$1,225$73
41 years$8,969$5,575$3,342$1,948$1,111$61
42 years$8,657$5,309$3,135$1,798$1,009$51
43 years$8,361$5,059$2,942$1,659$915$42
44 years$8,079$4,822$2,762$1,532$831$35
45 years$7,811$4,598$2,593$1,415$754$29
46 years$7,555$4,387$2,435$1,307$685$25
47 years$7,310$4,186$2,288$1,208$622$20
48 years$7,076$3,996$2,150$1,116$565$17
49 years$6,853$3,816$2,021$1,031$513$14
50 years$6,639$3,645$1,900$953$466$12

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 $5,053 every year, while hoping to spend $38,455 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: 53/41/6 Blend
53$6,800,000$6,800,000$6,800,000$6,800,000
54$7,498,812$7,138,412$7,033,012$7,885,636
55$8,222,775$7,447,279$7,227,702$8,456,900
56$9,019,294$7,769,991$7,427,626$9,073,405
57$9,895,727$8,107,186$7,632,917$9,743,151
58$10,860,186$8,459,533$7,843,714$10,471,169
59$11,921,605$8,827,730$8,060,159$11,262,989
60$13,089,830$9,212,509$8,282,395$12,124,684
61$14,375,708$9,614,638$8,510,571$13,062,930
62$15,791,194$10,034,919$8,744,839$14,085,062
63$17,349,458$10,474,192$8,985,353$15,199,145
64$19,065,013$10,933,338$9,232,273$16,414,044
65$20,953,851$11,413,278$9,485,760$17,739,504
66$23,033,593$11,914,978$9,745,982$19,186,244
67$25,323,655$12,439,448$10,013,109$20,766,050
68$27,845,434$12,987,747$10,287,314$22,491,884
69$30,622,506$13,560,984$10,568,776$24,378,005
70$33,680,849$14,160,320$10,857,678$26,440,095
71$37,049,091$14,786,971$11,154,206$28,695,411
72$40,758,777$15,442,211$11,458,550$31,162,936
73$44,844,667$16,127,374$11,770,906$33,863,558
74$49,345,066$16,843,858$12,091,474$36,820,264
75$54,302,182$17,593,126$12,420,458$40,058,347
76$59,762,527$18,376,711$12,758,065$43,605,646
77$65,777,355$19,196,221$13,104,511$47,492,800
78$72,403,146$20,053,336$13,460,013$51,753,535
79$79,702,137$20,949,820$13,824,793$56,424,973
80$87,742,912$21,887,518$14,199,081$61,547,979
81$96,601,048$22,868,365$14,583,109$67,167,541
82$106,359,826$23,894,387$14,977,115$73,333,187
83$117,111,023$24,967,707$15,381,343$80,099,448
84$128,955,770$26,090,547$15,796,041$87,526,363
85$142,005,514$27,265,239$16,221,463$95,680,041
86$156,383,063$28,494,222$16,657,869$104,633,276
87$172,223,751$29,780,055$17,105,523$114,466,228
88$189,676,712$31,125,416$17,564,697$125,267,169
89$208,906,289$32,533,114$18,035,667$137,133,311
90$230,093,583$34,006,089$18,518,714$150,171,709
91$253,438,165$35,547,424$19,014,127$164,500,269
92$279,159,958$37,160,347$19,522,200$180,248,847
93$307,501,313$38,848,244$20,043,234$197,560,465
94$338,729,299$40,614,659$20,577,534$216,592,651
95$373,138,218$42,463,309$21,125,412$237,518,913
96$411,052,392$44,398,086$21,687,188$260,530,369
97$452,829,214$46,423,071$22,263,188$285,837,533
98$498,862,531$48,542,538$22,853,741$313,672,295
99$549,586,355$50,760,968$23,459,188$344,290,093
100$605,478,964$53,083,057$24,079,872$377,972,310