Can I retire at age 54 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$487,216$482,877$478,642$474,510$470,474$458,728
2 years$241,196$236,704$232,351$228,130$224,035$212,276
3 years$159,200$154,689$150,346$146,165$142,137$130,732
4 years$118,210$113,713$109,414$105,304$101,373$90,410
5 years$93,623$89,152$84,909$80,883$77,063$66,572
6 years$77,236$72,799$68,619$64,683$60,977$50,969
7 years$65,536$61,137$57,023$53,179$49,591$40,066
8 years$56,765$52,406$48,360$44,611$41,140$32,096
9 years$49,947$45,628$41,653$37,999$34,646$26,074
10 years$44,496$40,219$36,314$32,755$29,520$21,410
11 years$40,038$35,805$31,970$28,507$25,388$17,728
12 years$36,327$32,136$28,373$25,004$22,001$14,778
13 years$33,188$29,042$25,349$22,075$19,185$12,385
14 years$30,501$26,398$22,776$19,596$16,818$10,425
15 years$28,174$24,115$20,564$17,476$14,808$8,807
16 years$26,139$22,125$18,644$15,648$13,087$7,462
17 years$24,346$20,377$16,965$14,059$11,604$6,339
18 years$22,754$18,829$15,487$12,670$10,318$5,395
19 years$21,331$17,450$14,178$11,449$9,196$4,601
20 years$20,052$16,216$13,012$10,369$8,214$3,929
21 years$18,897$15,104$11,968$9,411$7,351$3,359
22 years$17,847$14,099$11,031$8,556$6,589$2,875
23 years$16,891$13,187$10,185$7,792$5,915$2,463
24 years$16,015$12,355$9,419$7,107$5,316$2,112
25 years$15,211$11,595$8,724$6,491$4,784$1,812
26 years$14,470$10,897$8,091$5,935$4,309$1,555
27 years$13,785$10,256$7,513$5,432$3,885$1,336
28 years$13,150$9,664$6,985$4,977$3,506$1,148
29 years$12,560$9,117$6,500$4,564$3,165$986
30 years$12,010$8,610$6,054$4,189$2,860$848
31 years$11,497$8,139$5,644$3,847$2,586$729
32 years$11,016$7,701$5,266$3,535$2,339$627
33 years$10,566$7,293$4,917$3,251$2,117$540
34 years$10,143$6,912$4,594$2,991$1,917$464
35 years$9,745$6,556$4,295$2,754$1,736$400
36 years$9,371$6,223$4,018$2,536$1,573$344
37 years$9,017$5,910$3,761$2,337$1,426$296
38 years$8,682$5,617$3,522$2,154$1,292$255
39 years$8,366$5,341$3,300$1,986$1,172$219
40 years$8,066$5,082$3,093$1,832$1,063$189
41 years$7,782$4,837$2,900$1,690$964$163
42 years$7,512$4,607$2,720$1,560$875$140
43 years$7,255$4,389$2,553$1,440$794$121
44 years$7,010$4,184$2,396$1,329$721$104
45 years$6,777$3,990$2,250$1,228$654$89
46 years$6,555$3,806$2,113$1,134$594$77
47 years$6,343$3,632$1,985$1,048$540$66
48 years$6,140$3,467$1,866$968$490$57
49 years$5,946$3,311$1,754$895$445$49
50 years$5,760$3,163$1,649$827$404$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $5,900,000, adding $3,290 every year, while hoping to spend $38,209 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: 51/20/29 Blend
53$5,900,000$5,900,000$5,900,000$5,900,000
54$6,505,194$6,192,494$6,101,044$6,783,566
55$7,128,069$6,455,272$6,264,775$7,240,989
56$7,813,198$6,729,645$6,432,710$7,734,032
57$8,566,888$7,016,142$6,604,950$8,269,446
58$9,396,093$7,315,315$6,781,598$8,851,283
59$10,308,470$7,627,742$6,962,757$9,484,002
60$11,312,461$7,954,028$7,148,536$10,172,504
61$12,417,363$8,294,806$7,339,044$10,922,181
62$13,633,423$8,650,741$7,534,390$11,738,965
63$14,971,930$9,022,525$7,734,690$12,629,379
64$16,445,323$9,410,885$7,940,058$13,600,603
65$18,067,309$9,816,581$8,150,614$14,660,535
66$19,852,992$10,240,411$8,366,476$15,817,866
67$21,819,013$10,683,207$8,587,769$17,082,161
68$23,983,710$11,145,842$8,814,617$18,463,948
69$26,367,290$11,629,230$9,047,149$19,974,812
70$28,992,018$12,134,326$9,285,492$21,627,508
71$31,882,429$12,662,134$9,529,782$23,436,074
72$35,065,559$13,213,700$9,780,151$25,415,965
73$38,571,198$13,790,124$10,036,739$27,584,196
74$42,432,175$14,392,554$10,299,684$29,959,501
75$46,684,662$15,022,195$10,569,129$32,562,505
76$51,368,522$15,680,307$10,845,219$35,415,918
77$56,527,680$16,368,210$11,128,102$38,544,750
78$62,210,538$17,087,287$11,417,928$41,976,539
79$68,470,434$17,838,986$11,714,850$45,741,611
80$75,366,144$18,624,822$12,019,023$49,873,364
81$82,962,436$19,446,383$12,330,606$54,408,580
82$91,330,681$20,305,332$12,649,758$59,387,769
83$100,549,528$21,203,412$12,976,643$64,855,547
84$110,705,647$22,142,445$13,311,426$70,861,055
85$121,894,541$23,124,343$13,654,278$77,458,423
86$134,221,455$24,151,108$14,005,367$84,707,270
87$147,802,366$25,224,834$14,364,869$92,673,268
88$162,765,074$26,347,718$14,732,959$101,428,760
89$179,250,415$27,522,060$15,109,817$111,053,433
90$197,413,585$28,750,268$15,495,623$121,635,071
91$217,425,607$30,034,867$15,890,562$133,270,377
92$239,474,943$31,378,500$16,294,821$146,065,881
93$263,769,278$32,783,937$16,708,588$160,138,944
94$290,537,473$34,254,078$17,132,054$175,618,858
95$320,031,731$35,791,964$17,565,414$192,648,061
96$352,529,976$37,400,779$18,008,864$211,383,479
97$388,338,475$39,083,858$18,462,602$231,998,001
98$427,794,729$40,844,698$18,926,829$254,682,102
99$471,270,662$42,686,958$19,401,749$279,645,640
100$519,176,128$44,614,477$19,887,565$307,119,828