Can I retire at age 54 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$454,185$450,139$446,192$442,340$438,578$423,017
2 years$224,844$220,656$216,598$212,663$208,847$193,335
3 years$148,407$144,201$140,153$136,255$132,501$117,526
4 years$110,196$106,003$101,996$98,164$94,501$80,177
5 years$87,275$83,108$79,153$75,400$71,838$58,203
6 years$72,000$67,864$63,967$60,298$56,843$43,907
7 years$61,093$56,992$53,157$49,574$46,229$33,989
8 years$52,917$48,853$45,081$41,586$38,351$26,798
9 years$46,561$42,535$38,829$35,422$32,297$21,415
10 years$41,479$37,493$33,852$30,534$27,519$17,290
11 years$37,324$33,377$29,802$26,574$23,667$14,070
12 years$33,864$29,958$26,449$23,309$20,509$11,520
13 years$30,938$27,073$23,630$20,578$17,885$9,480
14 years$28,433$24,609$21,232$18,267$15,677$7,832
15 years$26,263$22,480$19,170$16,291$13,804$6,492
16 years$24,367$20,625$17,380$14,587$12,200$5,395
17 years$22,696$18,995$15,815$13,106$10,817$4,493
18 years$21,211$17,552$14,437$11,811$9,618$3,748
19 years$19,885$16,267$13,217$10,673$8,573$3,132
20 years$18,693$15,116$12,130$9,666$7,657$2,620
21 years$17,615$14,080$11,157$8,773$6,853$2,194
22 years$16,637$13,144$10,283$7,976$6,142$1,839
23 years$15,746$12,293$9,494$7,264$5,514$1,542
24 years$14,930$11,518$8,781$6,625$4,956$1,294
25 years$14,180$10,809$8,133$6,051$4,459$1,086
26 years$13,489$10,158$7,543$5,532$4,017$913
27 years$12,850$9,560$7,004$5,064$3,622$767
28 years$12,258$9,009$6,511$4,640$3,268$644
29 years$11,708$8,499$6,059$4,255$2,951$542
30 years$11,196$8,026$5,644$3,905$2,666$456
31 years$10,717$7,587$5,262$3,586$2,411$383
32 years$10,269$7,179$4,909$3,296$2,180$322
33 years$9,850$6,799$4,584$3,031$1,973$271
34 years$9,456$6,444$4,283$2,789$1,787$228
35 years$9,085$6,112$4,004$2,567$1,618$192
36 years$8,735$5,801$3,746$2,364$1,466$161
37 years$8,405$5,510$3,506$2,178$1,329$136
38 years$8,094$5,236$3,283$2,008$1,205$114
39 years$7,799$4,979$3,076$1,851$1,092$96
40 years$7,519$4,737$2,883$1,708$991$81
41 years$7,254$4,509$2,703$1,575$899$68
42 years$7,002$4,294$2,536$1,454$816$57
43 years$6,763$4,092$2,380$1,342$740$48
44 years$6,535$3,900$2,234$1,239$672$41
45 years$6,318$3,719$2,097$1,144$610$34
46 years$6,110$3,548$1,970$1,057$554$29
47 years$5,913$3,386$1,851$977$503$24
48 years$5,724$3,232$1,739$902$457$20
49 years$5,543$3,087$1,635$834$415$17
50 years$5,370$2,949$1,537$771$377$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,500,000, adding $3,946 every year, while hoping to spend $20,303 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: 68/17/15 Blend
53$5,500,000$5,500,000$5,500,000$5,500,000
54$6,065,070$5,773,570$5,688,320$6,456,017
55$6,662,105$6,034,873$5,857,277$6,978,325
56$7,319,357$6,308,299$6,031,213$7,546,624
57$8,042,947$6,594,421$6,210,274$8,167,695
58$8,839,619$6,893,839$6,394,609$8,846,721
59$9,716,805$7,207,182$6,584,373$9,589,407
60$10,682,693$7,535,108$6,779,724$10,402,032
61$11,746,307$7,878,308$6,980,824$11,291,506
62$12,917,591$8,237,505$7,187,842$12,265,435
63$14,207,499$8,613,457$7,400,949$13,332,192
64$15,628,107$9,006,959$7,620,323$14,500,992
65$17,192,716$9,418,843$7,846,147$15,781,982
66$18,915,988$9,849,981$8,078,608$17,186,332
67$20,814,077$10,301,288$8,317,899$18,726,340
68$22,904,783$10,773,721$8,564,219$20,415,548
69$25,207,724$11,268,286$8,817,773$22,268,867
70$27,744,513$11,786,034$9,078,770$24,302,713
71$30,538,971$12,328,067$9,347,427$26,535,168
72$33,617,347$12,895,543$9,623,966$28,986,140
73$37,008,564$13,489,672$9,908,616$31,677,557
74$40,744,496$14,111,725$10,201,613$34,633,565
75$44,860,266$14,763,031$10,503,199$37,880,761
76$49,394,580$15,444,986$10,813,623$41,448,436
77$54,390,088$16,159,051$11,133,140$45,368,850
78$59,893,792$16,906,760$11,462,016$49,677,540
79$65,957,485$17,689,717$11,800,519$54,413,645
80$72,638,243$18,509,607$12,148,931$59,620,280
81$79,998,960$19,368,194$12,507,536$65,344,933
82$88,108,946$20,267,328$12,876,631$71,639,920
83$97,044,578$21,208,947$13,256,518$78,562,867
84$106,890,024$22,195,084$13,647,510$86,177,255
85$117,738,032$23,227,869$14,049,928$94,553,018
86$129,690,812$24,309,536$14,464,101$103,767,197
87$142,860,995$25,442,423$14,890,369$113,904,663
88$157,372,702$26,628,987$15,329,081$125,058,918
89$173,362,709$27,871,799$15,780,597$137,332,973
90$190,981,743$29,173,555$16,245,285$150,840,315
91$210,395,904$30,537,082$16,723,525$165,705,974
92$231,788,231$31,965,344$17,215,708$182,067,703
93$255,360,432$33,461,448$17,722,235$200,077,269
94$281,334,786$35,028,648$18,243,520$219,901,885
95$309,956,244$36,670,361$18,779,987$241,725,782
96$341,494,737$38,390,165$19,332,073$265,751,941
97$376,247,729$40,191,813$19,900,227$292,204,010
98$414,543,024$42,079,238$20,484,911$321,328,404
99$456,741,856$44,056,564$21,086,599$353,396,628
100$503,242,306$46,128,116$21,705,780$388,707,834