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

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$569,796$564,720$559,768$554,935$550,216$529,851
2 years$282,077$276,824$271,732$266,796$262,007$241,720
3 years$186,183$180,907$175,829$170,939$166,228$146,657
4 years$138,246$132,986$127,958$123,152$118,555$99,849
5 years$109,491$104,263$99,301$94,592$90,124$72,331
6 years$90,327$85,138$80,250$75,646$71,312$54,445
7 years$76,644$71,499$66,688$62,193$57,996$42,050
8 years$66,387$61,288$56,557$52,172$48,113$33,075
9 years$58,413$53,362$48,712$44,439$40,518$26,367
10 years$52,037$47,036$42,468$38,307$34,524$21,233
11 years$46,825$41,873$37,389$33,338$29,691$17,234
12 years$42,484$37,583$33,181$29,242$25,730$14,074
13 years$38,814$33,964$29,645$25,817$22,437$11,550
14 years$35,670$30,873$26,637$22,917$19,668$9,515
15 years$32,949$28,203$24,049$20,438$17,317$7,864
16 years$30,570$25,875$21,804$18,300$15,305$6,516
17 years$28,473$23,830$19,841$16,442$13,571$5,411
18 years$26,611$22,020$18,112$14,818$12,066$4,501
19 years$24,947$20,408$16,581$13,389$10,755$3,749
20 years$23,451$18,964$15,217$12,127$9,607$3,127
21 years$22,099$17,665$13,997$11,006$8,597$2,610
22 years$20,872$16,489$12,900$10,007$7,706$2,181
23 years$19,754$15,422$11,911$9,113$6,917$1,823
24 years$18,730$14,449$11,016$8,312$6,217$1,525
25 years$17,789$13,560$10,203$7,591$5,595$1,276
26 years$16,922$12,744$9,463$6,941$5,039$1,069
27 years$16,121$11,994$8,787$6,353$4,543$895
28 years$15,379$11,302$8,168$5,821$4,100$750
29 years$14,688$10,662$7,601$5,338$3,702$628
30 years$14,045$10,069$7,080$4,899$3,345$527
31 years$13,445$9,519$6,601$4,499$3,024$441
32 years$12,883$9,006$6,159$4,135$2,736$370
33 years$12,357$8,529$5,750$3,802$2,476$310
34 years$11,862$8,084$5,373$3,498$2,241$260
35 years$11,397$7,667$5,023$3,220$2,030$218
36 years$10,959$7,277$4,699$2,966$1,839$183
37 years$10,545$6,912$4,398$2,733$1,667$153
38 years$10,154$6,569$4,119$2,519$1,511$129
39 years$9,784$6,246$3,859$2,322$1,371$108
40 years$9,433$5,943$3,617$2,142$1,243$91
41 years$9,101$5,657$3,392$1,976$1,128$76
42 years$8,785$5,388$3,181$1,824$1,023$64
43 years$8,484$5,133$2,985$1,684$929$53
44 years$8,198$4,893$2,802$1,555$843$45
45 years$7,926$4,666$2,631$1,436$765$38
46 years$7,666$4,451$2,471$1,326$695$32
47 years$7,418$4,248$2,322$1,225$631$26
48 years$7,180$4,055$2,182$1,132$573$22
49 years$6,954$3,872$2,051$1,046$520$19
50 years$6,737$3,699$1,928$967$473$16

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 $4,275 every year, while hoping to spend $23,577 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: 40/46/14 Blend
53$6,900,000$6,900,000$6,900,000$6,900,000
54$7,608,210$7,242,510$7,135,560$7,880,644
55$8,359,161$7,572,307$7,349,515$8,403,767
56$9,185,920$7,917,474$7,569,848$8,966,693
57$10,096,193$8,278,739$7,796,747$9,575,152
58$11,098,472$8,656,866$8,030,406$10,233,283
59$12,202,118$9,052,653$8,271,026$10,945,627
60$13,417,440$9,466,939$8,518,811$11,717,164
61$14,755,802$9,900,603$8,773,975$12,553,357
62$16,229,726$10,354,564$9,036,735$13,460,200
63$17,853,008$10,829,788$9,307,316$14,444,275
64$19,640,852$11,327,285$9,585,948$15,512,803
65$21,610,012$11,848,114$9,872,870$16,673,715
66$23,778,948$12,393,387$10,168,326$17,935,721
67$26,168,005$12,964,267$10,472,569$19,308,386
68$28,799,598$13,561,973$10,785,857$20,802,217
69$31,698,432$14,187,784$11,108,458$22,428,759
70$34,891,727$14,843,040$11,440,646$24,200,698
71$38,409,479$15,529,146$11,782,704$26,131,975
72$42,284,744$16,247,573$12,134,923$28,237,912
73$46,553,948$16,999,863$12,497,603$30,535,355
74$51,257,230$17,787,635$12,871,051$33,042,821
75$56,438,821$18,612,584$13,255,586$35,780,673
76$62,147,466$19,476,485$13,651,533$38,771,300
77$68,436,877$20,381,203$14,059,229$42,039,327
78$75,366,244$21,328,687$14,479,019$45,611,837
79$83,000,795$22,320,986$14,911,259$49,518,622
80$91,412,406$23,360,245$15,356,316$53,792,452
81$100,680,285$24,448,711$15,814,567$58,469,383
82$110,891,718$25,588,742$16,286,399$63,589,083
83$122,142,892$26,782,809$16,772,212$69,195,202
84$134,539,803$28,033,502$17,272,417$75,335,772
85$148,199,256$29,343,537$17,787,436$82,063,654
86$163,249,970$30,715,760$18,317,705$89,437,022
87$179,833,789$32,153,155$18,863,671$97,519,906
88$198,107,027$33,658,850$19,425,795$106,382,786
89$218,241,936$35,236,126$20,004,551$116,103,243
90$240,428,337$36,888,420$20,600,427$126,766,678
91$264,875,411$38,619,337$21,213,925$138,467,111
92$291,813,674$40,432,655$21,845,562$151,308,051
93$321,497,149$42,332,336$22,495,870$165,403,462
94$354,205,772$44,322,534$23,165,395$180,878,821
95$390,248,025$46,407,602$23,854,700$197,872,291
96$429,963,856$48,592,107$24,564,365$216,536,008
97$473,727,884$50,880,835$25,294,985$237,037,499
98$521,952,935$53,278,803$26,047,175$259,561,249
99$575,093,944$55,791,273$26,821,564$284,310,423
100$633,652,241$58,423,761$27,618,802$311,508,764