Can I retire at age 54 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$437,669$433,771$429,967$426,254$422,629$407,310
2 years$216,668$212,633$208,722$204,930$201,252$185,986
3 years$143,010$138,958$135,057$131,301$127,683$112,950
4 years$106,189$102,149$98,287$94,595$91,064$76,978
5 years$84,102$80,086$76,275$72,658$69,226$55,822
6 years$69,382$65,396$61,641$58,105$54,776$42,065
7 years$58,872$54,920$51,224$47,771$44,547$32,526
8 years$50,993$47,076$43,442$40,074$36,956$25,614
9 years$44,868$40,988$37,417$34,134$31,123$20,444
10 years$39,971$36,129$32,621$29,424$26,518$16,484
11 years$35,967$32,164$28,719$25,608$22,806$13,397
12 years$32,632$28,868$25,487$22,461$19,764$10,955
13 years$29,813$26,089$22,771$19,830$17,234$9,002
14 years$27,399$23,714$20,460$17,603$15,107$7,427
15 years$25,308$21,663$18,473$15,699$13,302$6,147
16 years$23,481$19,875$16,748$14,057$11,756$5,101
17 years$21,870$18,304$15,240$12,630$10,424$4,242
18 years$20,440$16,914$13,912$11,382$9,268$3,534
19 years$19,162$15,676$12,736$10,285$8,261$2,948
20 years$18,013$14,567$11,688$9,315$7,379$2,462
21 years$16,975$13,568$10,751$8,454$6,603$2,059
22 years$16,032$12,666$9,909$7,686$5,919$1,723
23 years$15,173$11,846$9,149$7,000$5,313$1,443
24 years$14,387$11,099$8,461$6,384$4,776$1,209
25 years$13,664$10,416$7,837$5,831$4,297$1,013
26 years$12,998$9,789$7,268$5,331$3,871$850
27 years$12,383$9,213$6,749$4,880$3,490$713
28 years$11,813$8,681$6,274$4,471$3,149$598
29 years$11,282$8,190$5,839$4,100$2,843$502
30 years$10,789$7,734$5,439$3,763$2,569$421
31 years$10,327$7,311$5,070$3,456$2,323$354
32 years$9,896$6,918$4,731$3,176$2,101$297
33 years$9,492$6,551$4,417$2,921$1,902$249
34 years$9,112$6,209$4,127$2,687$1,722$210
35 years$8,754$5,889$3,858$2,474$1,559$176
36 years$8,418$5,590$3,610$2,278$1,413$148
37 years$8,100$5,309$3,378$2,099$1,281$124
38 years$7,800$5,046$3,164$1,935$1,161$104
39 years$7,515$4,798$2,964$1,784$1,053$88
40 years$7,246$4,565$2,778$1,645$955$74
41 years$6,990$4,345$2,605$1,518$866$62
42 years$6,748$4,138$2,444$1,401$786$52
43 years$6,517$3,943$2,293$1,293$713$44
44 years$6,297$3,758$2,152$1,194$648$37
45 years$6,088$3,584$2,021$1,103$588$31
46 years$5,888$3,419$1,898$1,019$534$26
47 years$5,698$3,263$1,783$941$485$22
48 years$5,515$3,115$1,676$870$440$18
49 years$5,341$2,974$1,575$804$400$15
50 years$5,175$2,841$1,481$743$363$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,300,000, adding $4,706 every year, while hoping to spend $49,581 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: 65/29/6 Blend
53$5,300,000$5,300,000$5,300,000$5,300,000
54$5,845,454$5,564,554$5,482,404$6,219,455
55$6,388,937$5,784,464$5,613,311$6,688,522
56$6,986,193$6,013,487$5,746,941$7,194,431
57$7,642,655$6,252,018$5,883,334$7,745,817
58$8,364,308$6,500,469$6,022,528$8,347,096
59$9,157,746$6,759,271$6,164,561$9,003,124
60$10,030,233$7,028,872$6,309,472$9,719,243
61$10,989,774$7,309,744$6,457,296$10,501,333
62$12,045,186$7,602,376$6,608,070$11,355,861
63$13,206,185$7,907,283$6,761,831$12,289,945
64$14,483,477$8,225,001$6,918,613$13,311,420
65$15,888,856$8,556,090$7,078,451$14,428,906
66$17,435,317$8,901,137$7,241,377$15,651,893
67$19,137,180$9,260,753$7,407,424$16,990,826
68$21,010,222$9,635,580$7,576,622$18,457,203
69$23,071,828$10,026,286$7,749,002$20,063,682
70$25,341,151$10,433,571$7,924,591$21,824,199
71$27,839,300$10,858,168$8,103,416$23,754,097
72$30,589,531$11,300,840$8,285,502$25,870,269
73$33,617,470$11,762,388$8,470,873$28,191,316
74$36,951,354$12,243,647$8,659,550$30,737,721
75$40,622,299$12,745,493$8,851,552$33,532,039
76$44,664,591$13,268,839$9,046,896$36,599,107
77$49,116,009$13,814,642$9,245,597$39,966,281
78$54,018,183$14,383,901$9,447,666$43,663,685
79$59,416,989$14,977,663$9,653,114$47,724,497
80$65,362,975$15,597,021$9,861,946$52,185,260
81$71,911,843$16,243,120$10,074,166$57,086,222
82$79,124,973$16,917,155$10,289,773$62,471,712
83$87,070,004$17,620,380$10,508,764$68,390,562
84$95,821,468$18,354,102$10,731,131$74,896,557
85$105,461,496$19,119,691$10,956,862$82,048,944
86$116,080,594$19,918,581$11,185,942$89,912,987
87$127,778,493$20,752,271$11,418,350$98,560,579
88$140,665,096$21,622,328$11,654,061$108,070,919
89$154,861,507$22,530,393$11,893,043$118,531,252
90$170,501,182$23,478,184$12,135,262$130,037,692
91$187,731,184$24,467,496$12,380,674$142,696,125
92$206,713,571$25,500,210$12,629,233$156,623,202
93$227,626,926$26,578,291$12,880,883$171,947,439
94$250,668,043$27,703,798$13,135,564$188,810,420
95$276,053,784$28,878,885$13,393,206$207,368,135
96$304,023,125$30,105,805$13,653,733$227,792,445
97$334,839,413$31,386,918$13,917,062$250,272,697
98$368,792,848$32,724,693$14,183,099$275,017,509
99$406,203,228$34,121,712$14,451,742$302,256,730
100$447,422,962$35,580,681$14,722,881$332,243,609