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%16.9%
1 years$569,796$564,720$559,768$554,935$550,216$534,747
2 years$282,077$276,824$271,732$266,796$262,007$246,541
3 years$186,183$180,907$175,829$170,939$166,228$151,248
4 years$138,246$132,986$127,958$123,152$118,555$104,177
5 years$109,491$104,263$99,301$94,592$90,124$76,386
6 years$90,327$85,138$80,250$75,646$71,312$58,228
7 years$76,644$71,499$66,688$62,193$57,996$45,566
8 years$66,387$61,288$56,557$52,172$48,113$36,330
9 years$58,413$53,362$48,712$44,439$40,518$29,371
10 years$52,037$47,036$42,468$38,307$34,524$23,997
11 years$46,825$41,873$37,389$33,338$29,691$19,769
12 years$42,484$37,583$33,181$29,242$25,730$16,393
13 years$38,814$33,964$29,645$25,817$22,437$13,665
14 years$35,670$30,873$26,637$22,917$19,668$11,439
15 years$32,949$28,203$24,049$20,438$17,317$9,610
16 years$30,570$25,875$21,804$18,300$15,305$8,096
17 years$28,473$23,830$19,841$16,442$13,571$6,837
18 years$26,611$22,020$18,112$14,818$12,066$5,785
19 years$24,947$20,408$16,581$13,389$10,755$4,904
20 years$23,451$18,964$15,217$12,127$9,607$4,162
21 years$22,099$17,665$13,997$11,006$8,597$3,537
22 years$20,872$16,489$12,900$10,007$7,706$3,008
23 years$19,754$15,422$11,911$9,113$6,917$2,561
24 years$18,730$14,449$11,016$8,312$6,217$2,182
25 years$17,789$13,560$10,203$7,591$5,595$1,860
26 years$16,922$12,744$9,463$6,941$5,039$1,586
27 years$16,121$11,994$8,787$6,353$4,543$1,354
28 years$15,379$11,302$8,168$5,821$4,100$1,155
29 years$14,688$10,662$7,601$5,338$3,702$987
30 years$14,045$10,069$7,080$4,899$3,345$843
31 years$13,445$9,519$6,601$4,499$3,024$720
32 years$12,883$9,006$6,159$4,135$2,736$615
33 years$12,357$8,529$5,750$3,802$2,476$526
34 years$11,862$8,084$5,373$3,498$2,241$449
35 years$11,397$7,667$5,023$3,220$2,030$384
36 years$10,959$7,277$4,699$2,966$1,839$328
37 years$10,545$6,912$4,398$2,733$1,667$281
38 years$10,154$6,569$4,119$2,519$1,511$240
39 years$9,784$6,246$3,859$2,322$1,371$205
40 years$9,433$5,943$3,617$2,142$1,243$176
41 years$9,101$5,657$3,392$1,976$1,128$150
42 years$8,785$5,388$3,181$1,824$1,023$128
43 years$8,484$5,133$2,985$1,684$929$110
44 years$8,198$4,893$2,802$1,555$843$94
45 years$7,926$4,666$2,631$1,436$765$80
46 years$7,666$4,451$2,471$1,326$695$69
47 years$7,418$4,248$2,322$1,225$631$59
48 years$7,180$4,055$2,182$1,132$573$50
49 years$6,954$3,872$2,051$1,046$520$43
50 years$6,737$3,699$1,928$967$473$37

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 $3,445 every year, while hoping to spend $59,290 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: 53/18/29 Blend
53$6,900,000$6,900,000$6,900,000$6,900,000
54$7,607,354$7,241,654$7,134,704$7,948,640
55$8,320,219$7,533,410$7,310,632$8,477,652
56$9,103,811$7,837,476$7,490,467$9,046,773
57$9,965,278$8,154,392$7,674,277$9,665,001
58$10,912,501$8,484,722$7,862,130$10,337,065
59$11,954,160$8,829,057$8,054,095$11,068,167
60$13,099,819$9,188,015$8,250,241$11,864,030
61$14,360,014$9,562,241$8,450,638$12,730,951
62$15,746,356$9,952,411$8,655,354$13,675,860
63$17,271,635$10,359,230$8,864,460$14,706,382
64$18,949,946$10,783,437$9,078,024$15,830,908
65$20,796,818$11,225,803$9,296,115$17,058,676
66$22,829,361$11,687,135$9,518,802$18,399,851
67$25,066,429$12,168,277$9,746,155$19,865,626
68$27,528,794$12,670,112$9,978,241$21,468,320
69$30,239,347$13,193,564$10,215,128$23,221,498
70$33,223,308$13,739,596$10,456,882$25,140,093
71$36,508,470$14,309,220$10,703,572$27,240,547
72$40,125,454$14,903,492$10,955,261$29,540,965
73$44,108,003$15,523,516$11,212,016$32,061,283
74$48,493,300$16,170,449$11,473,899$34,823,456
75$53,322,314$16,845,499$11,740,972$37,851,659
76$58,640,194$17,549,932$12,013,298$41,172,519
77$64,496,685$18,285,070$12,290,936$44,815,359
78$70,946,608$19,052,299$12,573,942$48,812,476
79$78,050,367$19,853,067$12,862,374$53,199,440
80$85,874,526$20,688,889$13,156,286$58,015,432
81$94,492,435$21,561,352$13,455,729$63,303,607
82$103,984,920$22,472,115$13,760,752$69,111,501
83$114,441,047$23,422,914$14,071,403$75,491,477
84$125,958,964$24,415,567$14,387,725$82,501,214
85$138,646,824$25,451,975$14,709,759$90,204,253
86$152,623,807$26,534,128$15,037,543$98,670,589
87$168,021,244$27,664,110$15,371,110$107,977,332
88$184,983,860$28,844,100$15,710,491$118,209,430
89$203,671,132$30,076,380$16,055,711$129,460,466
90$224,258,802$31,363,337$16,406,792$141,833,542
91$246,940,531$32,707,471$16,763,750$155,442,245
92$271,929,727$34,111,399$17,126,597$170,411,716
93$299,461,560$35,577,859$17,495,340$186,879,828
94$329,795,183$37,109,718$17,869,978$204,998,483
95$363,216,175$38,709,977$18,250,505$224,935,042
96$400,039,238$40,381,779$18,636,909$246,873,899
97$440,611,165$42,128,411$19,029,171$271,018,219
98$485,314,119$43,953,318$19,427,264$297,591,850
99$534,569,234$45,860,105$19,831,151$326,841,431
100$588,840,592$47,852,547$20,240,791$359,038,713