Can I retire at age 54 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$462,443$458,324$454,305$450,382$446,552$433,299
2 years$228,932$224,668$220,536$216,530$212,644$199,401
3 years$151,105$146,823$142,702$138,733$134,910$122,093
4 years$112,200$107,931$103,850$99,949$96,219$83,926
5 years$88,862$84,619$80,592$76,771$73,144$61,408
6 years$73,309$69,098$65,130$61,394$57,876$46,708
7 years$62,204$58,028$54,124$50,475$47,069$36,468
8 years$53,879$49,741$45,901$42,343$39,048$29,008
9 years$47,408$43,308$39,535$36,066$32,884$23,395
10 years$42,233$38,174$34,467$31,090$28,019$19,067
11 years$38,003$33,984$30,344$27,057$24,097$15,667
12 years$34,480$30,502$26,930$23,733$20,882$12,957
13 years$31,501$27,565$24,060$20,953$18,210$10,771
14 years$28,950$25,056$21,618$18,599$15,963$8,992
15 years$26,741$22,889$19,518$16,587$14,055$7,533
16 years$24,810$21,000$17,696$14,852$12,422$6,328
17 years$23,108$19,341$16,103$13,345$11,014$5,328
18 years$21,597$17,872$14,700$12,026$9,793$4,495
19 years$20,247$16,563$13,457$10,867$8,729$3,799
20 years$19,033$15,391$12,350$9,842$7,797$3,214
21 years$17,936$14,336$11,360$8,932$6,977$2,723
22 years$16,940$13,383$10,470$8,121$6,254$2,309
23 years$16,032$12,516$9,667$7,396$5,614$1,960
24 years$15,201$11,727$8,940$6,746$5,046$1,664
25 years$14,438$11,005$8,280$6,161$4,541$1,414
26 years$13,734$10,343$7,680$5,633$4,090$1,202
27 years$13,084$9,734$7,131$5,156$3,687$1,023
28 years$12,481$9,172$6,629$4,724$3,327$870
29 years$11,921$8,653$6,169$4,332$3,004$740
30 years$11,399$8,172$5,746$3,976$2,715$630
31 years$10,912$7,725$5,357$3,651$2,454$537
32 years$10,456$7,310$4,998$3,356$2,220$457
33 years$10,029$6,922$4,667$3,086$2,009$389
34 years$9,627$6,561$4,361$2,839$1,819$332
35 years$9,250$6,223$4,077$2,614$1,648$283
36 years$8,894$5,906$3,814$2,407$1,493$241
37 years$8,558$5,610$3,570$2,218$1,353$205
38 years$8,241$5,331$3,343$2,044$1,227$175
39 years$7,941$5,069$3,132$1,885$1,112$149
40 years$7,656$4,823$2,936$1,739$1,009$127
41 years$7,386$4,591$2,753$1,604$915$108
42 years$7,130$4,372$2,582$1,480$831$92
43 years$6,886$4,166$2,423$1,367$754$79
44 years$6,654$3,971$2,274$1,262$684$67
45 years$6,432$3,787$2,135$1,165$621$57
46 years$6,221$3,613$2,006$1,076$564$49
47 years$6,020$3,447$1,884$994$512$42
48 years$5,828$3,291$1,771$919$465$35
49 years$5,644$3,143$1,664$849$422$30
50 years$5,468$3,002$1,565$785$384$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,600,000, adding $3,808 every year, while hoping to spend $31,471 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: 73/5/22 Blend
53$5,600,000$5,600,000$5,600,000$5,600,000
54$6,175,128$5,878,328$5,791,528$6,592,450
55$6,771,506$6,132,881$5,952,059$7,125,217
56$7,427,660$6,398,853$6,116,914$7,704,589
57$8,149,654$6,676,769$6,286,202$8,338,563
58$8,944,168$6,967,180$6,460,040$9,032,571
59$9,818,566$7,270,665$6,638,544$9,792,591
60$10,780,958$7,587,826$6,821,834$10,625,207
61$11,840,282$7,919,296$7,010,032$11,537,671
62$13,006,387$8,265,737$7,203,264$12,537,969
63$14,290,125$8,627,844$7,401,659$13,634,896
64$15,703,451$9,006,342$7,605,348$14,838,140
65$17,259,543$9,401,992$7,814,467$16,158,370
66$18,972,917$9,815,591$8,029,153$17,607,339
67$20,859,572$10,247,973$8,249,547$19,197,991
68$22,937,136$10,700,011$8,475,794$20,944,588
69$25,225,032$11,172,620$8,708,041$22,862,837
70$27,744,666$11,666,758$8,946,441$24,970,041
71$30,519,622$12,183,430$9,191,148$27,285,263
72$33,575,892$12,723,687$9,442,319$29,829,501
73$36,942,114$13,288,629$9,700,118$32,625,890
74$40,649,848$13,879,409$9,964,710$35,699,915
75$44,733,869$14,497,237$10,236,264$39,079,655
76$49,232,498$15,143,376$10,514,955$42,796,044
77$54,187,965$15,819,154$10,800,958$46,883,162
78$59,646,803$16,525,958$11,094,455$51,378,559
79$65,660,290$17,265,243$11,395,632$56,323,604
80$72,284,932$18,038,532$11,704,678$61,763,878
81$79,582,997$18,847,422$12,021,787$67,749,599
82$87,623,102$19,693,585$12,347,156$74,336,102
83$96,480,862$20,578,774$12,680,989$81,584,352
84$106,239,599$21,504,823$13,023,491$89,561,524
85$116,991,134$22,473,656$13,374,875$98,341,632
86$128,836,652$23,487,287$13,735,355$108,006,230
87$141,887,654$24,547,827$14,105,153$118,645,177
88$156,267,012$25,657,488$14,484,493$130,357,488
89$172,110,129$26,818,588$14,873,606$143,252,262
90$189,566,217$28,033,553$15,272,726$157,449,715
91$208,799,703$29,304,929$15,682,094$173,082,310
92$229,991,783$30,635,381$16,101,954$190,296,008
93$253,342,132$32,027,701$16,532,557$209,251,643
94$279,070,789$33,484,819$16,974,158$230,126,440
95$307,420,234$35,009,799$17,427,016$253,115,683
96$338,657,675$36,605,856$17,891,398$278,434,562
97$373,077,573$38,276,358$18,367,575$306,320,197
98$411,004,420$40,024,835$18,855,824$337,033,876
99$452,795,804$41,854,984$19,356,426$370,863,523
100$498,845,779$43,770,682$19,869,671$408,126,409