Can I retire at age 54 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$478,959$474,692$470,530$466,467$462,500$446,623
2 years$237,108$232,692$228,413$224,263$220,238$204,404
3 years$156,502$152,067$147,798$143,688$139,728$124,435
4 years$116,207$111,785$107,559$103,519$99,655$85,019
5 years$92,036$87,641$83,470$79,512$75,756$61,816
6 years$75,927$71,566$67,456$63,587$59,943$46,710
7 years$64,426$60,101$56,057$52,278$48,750$36,221
8 years$55,803$51,517$47,540$43,855$40,443$28,608
9 years$49,101$44,855$40,947$37,355$34,059$22,904
10 years$43,742$39,538$35,698$32,200$29,020$18,526
11 years$39,360$35,198$31,428$28,024$24,958$15,105
12 years$35,711$31,592$27,892$24,580$21,628$12,393
13 years$32,626$28,550$24,919$21,701$18,860$10,219
14 years$29,984$25,951$22,390$19,264$16,533$8,460
15 years$27,696$23,707$20,215$17,180$14,557$7,027
16 years$25,696$21,750$18,328$15,383$12,865$5,852
17 years$23,933$20,031$16,678$13,821$11,407$4,885
18 years$22,368$18,510$15,225$12,456$10,143$4,084
19 years$20,970$17,155$13,938$11,255$9,040$3,420
20 years$19,712$15,941$12,791$10,193$8,075$2,868
21 years$18,576$14,848$11,765$9,251$7,226$2,407
22 years$17,545$13,860$10,844$8,411$6,477$2,022
23 years$16,605$12,963$10,012$7,660$5,814$1,700
24 years$15,744$12,146$9,260$6,987$5,226$1,430
25 years$14,953$11,398$8,576$6,381$4,703$1,203
26 years$14,225$10,713$7,954$5,834$4,236$1,013
27 years$13,551$10,082$7,386$5,340$3,819$853
28 years$12,927$9,500$6,866$4,893$3,446$719
29 years$12,347$8,962$6,390$4,487$3,112$606
30 years$11,806$8,464$5,952$4,118$2,812$511
31 years$11,302$8,001$5,549$3,782$2,542$431
32 years$10,830$7,571$5,177$3,476$2,299$363
33 years$10,387$7,170$4,834$3,196$2,081$306
34 years$9,971$6,795$4,516$2,941$1,884$258
35 years$9,580$6,445$4,222$2,707$1,706$218
36 years$9,212$6,117$3,950$2,493$1,546$184
37 years$8,864$5,810$3,697$2,297$1,401$155
38 years$8,535$5,522$3,462$2,117$1,270$131
39 years$8,224$5,250$3,244$1,952$1,152$110
40 years$7,930$4,995$3,040$1,801$1,045$93
41 years$7,650$4,755$2,851$1,661$948$79
42 years$7,384$4,529$2,674$1,533$860$66
43 years$7,132$4,315$2,509$1,415$781$56
44 years$6,891$4,113$2,355$1,307$709$47
45 years$6,662$3,922$2,212$1,207$643$40
46 years$6,444$3,742$2,077$1,115$584$34
47 years$6,235$3,571$1,952$1,030$530$28
48 years$6,036$3,409$1,834$952$482$24
49 years$5,845$3,255$1,724$880$437$20
50 years$5,663$3,109$1,621$813$397$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,800,000, adding $4,423 every year, while hoping to spend $29,300 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: 58/31/11 Blend
53$5,800,000$5,800,000$5,800,000$5,800,000
54$6,396,162$6,088,762$5,998,862$6,749,800
55$7,017,396$6,355,937$6,168,649$7,255,841
56$7,701,013$6,635,221$6,343,142$7,803,517
57$8,453,347$6,927,177$6,522,467$8,399,785
58$9,281,373$7,232,393$6,706,755$9,049,312
59$10,192,781$7,551,488$6,896,139$9,757,228
60$11,196,040$7,885,107$7,090,755$10,529,172
61$12,300,485$8,233,926$7,290,745$11,371,347
62$13,516,401$8,598,654$7,496,251$12,290,573
63$14,855,120$8,980,035$7,707,421$13,294,352
64$16,329,130$9,378,844$7,924,407$14,390,935
65$17,952,190$9,795,896$8,147,364$15,589,400
66$19,739,464$10,232,046$8,376,451$16,899,733
67$21,707,658$10,688,185$8,611,831$18,332,923
68$23,875,183$11,165,250$8,853,672$19,901,060
69$26,262,326$11,664,222$9,102,144$21,617,449
70$28,891,442$12,186,127$9,357,424$23,496,733
71$31,787,164$12,732,042$9,619,693$25,555,027
72$34,976,637$13,303,094$9,889,135$27,810,068
73$38,489,772$13,900,464$10,165,939$30,281,381
74$42,359,530$14,525,388$10,450,300$32,990,456
75$46,622,234$15,179,164$10,742,416$35,960,955
76$51,317,908$15,863,149$11,042,493$39,218,923
77$56,490,657$16,578,765$11,350,739$42,793,038
78$62,189,083$17,327,504$11,667,368$46,714,875
79$68,466,745$18,110,927$11,992,600$51,019,197
80$75,382,661$18,930,670$12,326,660$55,744,285
81$83,001,868$19,788,449$12,669,779$60,932,292
82$91,396,035$20,686,059$13,022,193$66,629,637
83$100,644,138$21,625,384$13,384,144$72,887,439
84$110,833,207$22,608,395$13,755,880$79,761,994
85$122,059,148$23,637,160$14,137,655$87,315,301
86$134,427,644$24,713,844$14,529,730$95,615,643
87$148,055,159$25,840,718$14,932,371$104,738,228
88$163,070,031$27,020,158$15,345,851$114,765,889
89$179,613,687$28,254,659$15,770,450$125,789,864
90$197,841,977$29,546,832$16,206,455$137,910,646
91$217,926,645$30,899,413$16,654,157$151,238,933
92$240,056,950$32,315,271$17,113,859$165,896,657
93$264,441,453$33,797,413$17,585,867$182,018,135
94$291,309,984$35,348,989$18,070,496$199,751,326
95$320,915,813$36,973,300$18,568,068$219,259,221
96$353,538,041$38,673,807$19,078,914$240,721,372
97$389,484,234$40,454,137$19,603,371$264,335,583
98$429,093,327$42,318,090$20,141,784$290,319,761
99$472,738,820$44,269,651$20,694,508$318,913,969
100$520,832,310$46,312,994$21,261,904$350,382,683