Can I retire at age 54 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$569,796$564,720$559,768$554,935$550,216$542,441
2 years$282,077$276,824$271,732$266,796$262,007$254,190
3 years$186,183$180,907$175,829$170,939$166,228$158,611
4 years$138,246$132,986$127,958$123,152$118,555$111,196
5 years$109,491$104,263$99,301$94,592$90,124$83,045
6 years$90,327$85,138$80,250$75,646$71,312$64,521
7 years$76,644$71,499$66,688$62,193$57,996$51,496
8 years$66,387$61,288$56,557$52,172$48,113$41,903
9 years$58,413$53,362$48,712$44,439$40,518$34,595
10 years$52,037$47,036$42,468$38,307$34,524$28,882
11 years$46,825$41,873$37,389$33,338$29,691$24,327
12 years$42,484$37,583$33,181$29,242$25,730$20,636
13 years$38,814$33,964$29,645$25,817$22,437$17,607
14 years$35,670$30,873$26,637$22,917$19,668$15,095
15 years$32,949$28,203$24,049$20,438$17,317$12,992
16 years$30,570$25,875$21,804$18,300$15,305$11,220
17 years$28,473$23,830$19,841$16,442$13,571$9,717
18 years$26,611$22,020$18,112$14,818$12,066$8,435
19 years$24,947$20,408$16,581$13,389$10,755$7,338
20 years$23,451$18,964$15,217$12,127$9,607$6,395
21 years$22,099$17,665$13,997$11,006$8,597$5,581
22 years$20,872$16,489$12,900$10,007$7,706$4,877
23 years$19,754$15,422$11,911$9,113$6,917$4,267
24 years$18,730$14,449$11,016$8,312$6,217$3,737
25 years$17,789$13,560$10,203$7,591$5,595$3,275
26 years$16,922$12,744$9,463$6,941$5,039$2,873
27 years$16,121$11,994$8,787$6,353$4,543$2,522
28 years$15,379$11,302$8,168$5,821$4,100$2,215
29 years$14,688$10,662$7,601$5,338$3,702$1,946
30 years$14,045$10,069$7,080$4,899$3,345$1,711
31 years$13,445$9,519$6,601$4,499$3,024$1,504
32 years$12,883$9,006$6,159$4,135$2,736$1,323
33 years$12,357$8,529$5,750$3,802$2,476$1,164
34 years$11,862$8,084$5,373$3,498$2,241$1,025
35 years$11,397$7,667$5,023$3,220$2,030$902
36 years$10,959$7,277$4,699$2,966$1,839$795
37 years$10,545$6,912$4,398$2,733$1,667$700
38 years$10,154$6,569$4,119$2,519$1,511$616
39 years$9,784$6,246$3,859$2,322$1,371$543
40 years$9,433$5,943$3,617$2,142$1,243$478
41 years$9,101$5,657$3,392$1,976$1,128$422
42 years$8,785$5,388$3,181$1,824$1,023$371
43 years$8,484$5,133$2,985$1,684$929$327
44 years$8,198$4,893$2,802$1,555$843$289
45 years$7,926$4,666$2,631$1,436$765$254
46 years$7,666$4,451$2,471$1,326$695$224
47 years$7,418$4,248$2,322$1,225$631$198
48 years$7,180$4,055$2,182$1,132$573$174
49 years$6,954$3,872$2,051$1,046$520$154
50 years$6,737$3,699$1,928$967$473$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,900,000, adding $3,425 every year, while hoping to spend $25,568 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: 45/31/24 Blend
53$6,900,000$6,900,000$6,900,000$6,900,000
54$7,607,333$7,241,633$7,134,683$7,896,825
55$8,356,077$7,569,269$7,346,491$8,429,333
56$9,180,335$7,912,102$7,564,537$9,003,712
57$10,087,785$8,270,850$7,789,004$9,626,116
58$11,086,882$8,646,265$8,020,079$10,301,028
59$12,186,947$9,039,134$8,257,954$11,033,375
60$13,398,248$9,450,285$8,502,828$11,828,567
61$14,732,101$9,880,580$8,754,905$12,692,547
62$16,200,975$10,330,929$9,014,394$13,631,845
63$17,818,610$10,802,279$9,281,511$14,653,638
64$19,600,144$11,295,628$9,556,479$15,765,812
65$21,562,263$11,812,017$9,839,525$16,977,036
66$23,723,349$12,352,542$10,130,884$18,296,842
67$26,103,661$12,918,346$10,430,799$19,735,707
68$28,725,521$13,510,632$10,739,517$21,305,153
69$31,613,529$14,130,657$11,057,296$23,017,852
70$34,794,790$14,779,741$11,384,397$24,887,741
71$38,299,176$15,459,265$11,721,091$26,930,148
72$42,159,601$16,170,679$12,067,657$29,161,937
73$46,412,338$16,915,500$12,424,381$31,601,660
74$51,097,357$17,695,319$12,791,558$34,269,728
75$56,258,702$18,511,805$13,169,490$37,188,602
76$61,944,912$19,366,705$13,558,490$40,382,995
77$68,209,471$20,261,852$13,958,877$43,880,109
78$75,111,320$21,199,165$14,370,982$47,709,876
79$82,715,408$22,180,659$14,795,144$51,905,246
80$91,093,310$23,208,441$15,231,712$56,502,483
81$100,323,897$24,284,724$15,681,044$61,541,508
82$110,494,085$25,411,826$16,143,509$67,066,269
83$121,699,652$26,592,175$16,619,487$73,125,146
84$134,046,145$27,828,320$17,109,368$79,771,405
85$147,649,873$29,122,930$17,613,553$87,063,692
86$162,639,009$30,478,802$18,132,456$95,066,579
87$179,154,796$31,898,871$18,666,501$103,851,170
88$197,352,881$33,386,212$19,216,125$113,495,757
89$217,404,786$34,944,047$19,781,776$124,086,558
90$239,499,525$36,575,757$20,363,917$135,718,519
91$263,845,391$38,284,883$20,963,022$148,496,202
92$290,671,917$40,075,139$21,579,580$162,534,762
93$320,232,050$41,950,418$22,214,093$177,961,025
94$352,804,532$43,914,801$22,867,078$194,914,675
95$388,696,534$45,972,566$23,539,065$213,549,562
96$428,246,558$48,128,199$24,230,601$234,035,143
97$471,827,628$50,386,402$24,942,247$256,558,068
98$519,850,814$52,752,104$25,674,581$281,323,935
99$572,769,114$55,230,474$26,428,196$308,559,212
100$631,081,726$57,826,930$27,203,703$338,513,367