Can I retire at age 54 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$495,474$491,061$486,755$482,552$478,448$468,023
2 years$245,284$240,716$236,289$231,996$227,833$217,382
3 years$161,899$157,311$152,895$148,642$144,546$134,396
4 years$120,214$115,640$111,268$107,088$103,092$93,321
5 years$95,210$90,663$86,349$82,254$78,369$69,004
6 years$78,545$74,033$69,782$65,779$62,010$53,062
7 years$66,647$62,173$57,990$54,081$50,431$41,901
8 years$57,728$53,294$49,180$45,367$41,837$33,722
9 years$50,794$46,402$42,359$38,643$35,233$27,527
10 years$45,250$40,901$36,929$33,310$30,020$22,716
11 years$40,717$36,412$32,512$28,990$25,819$18,906
12 years$36,942$32,681$28,853$25,428$22,374$15,842
13 years$33,751$29,534$25,779$22,449$19,510$13,348
14 years$31,018$26,846$23,162$19,928$17,103$11,297
15 years$28,651$24,524$20,912$17,772$15,059$9,597
16 years$26,582$22,500$18,960$15,913$13,309$8,178
17 years$24,759$20,722$17,253$14,298$11,801$6,987
18 years$23,140$19,148$15,750$12,885$10,492$5,982
19 years$21,693$17,746$14,418$11,643$9,352$5,132
20 years$20,392$16,491$13,232$10,545$8,354$4,409
21 years$19,217$15,360$12,171$9,570$7,475$3,793
22 years$18,150$14,338$11,218$8,701$6,701$3,267
23 years$17,177$13,410$10,357$7,925$6,015$2,816
24 years$16,287$12,565$9,579$7,228$5,406$2,430
25 years$15,469$11,791$8,872$6,601$4,865$2,098
26 years$14,715$11,082$8,228$6,035$4,382$1,812
27 years$14,018$10,429$7,641$5,524$3,951$1,567
28 years$13,373$9,828$7,103$5,061$3,565$1,355
29 years$12,773$9,271$6,610$4,641$3,219$1,172
30 years$12,213$8,756$6,157$4,260$2,909$1,014
31 years$11,691$8,277$5,740$3,912$2,630$878
32 years$11,203$7,832$5,355$3,595$2,379$760
33 years$10,745$7,417$5,000$3,306$2,153$659
34 years$10,315$7,029$4,672$3,042$1,949$570
35 years$9,911$6,667$4,368$2,800$1,765$494
36 years$9,529$6,328$4,086$2,579$1,599$428
37 years$9,170$6,010$3,825$2,376$1,450$371
38 years$8,830$5,712$3,582$2,190$1,314$322
39 years$8,508$5,432$3,356$2,020$1,192$279
40 years$8,203$5,168$3,145$1,863$1,081$242
41 years$7,914$4,919$2,949$1,719$981$210
42 years$7,639$4,685$2,766$1,586$890$182
43 years$7,378$4,464$2,596$1,464$808$157
44 years$7,129$4,255$2,437$1,352$733$137
45 years$6,892$4,057$2,288$1,248$666$118
46 years$6,666$3,871$2,149$1,153$604$103
47 years$6,450$3,694$2,019$1,065$549$89
48 years$6,244$3,526$1,897$985$498$77
49 years$6,047$3,367$1,783$910$453$67
50 years$5,858$3,217$1,677$841$411$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,000,000, adding $2,665 every year, while hoping to spend $23,756 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: 49/24/27 Blend
53$6,000,000$6,000,000$6,000,000$6,000,000
54$6,614,749$6,296,749$6,203,749$6,888,032
55$7,264,177$6,580,013$6,386,298$7,362,948
56$7,979,051$6,876,362$6,574,167$7,876,055
57$8,766,020$7,186,410$6,767,508$8,433,069
58$9,632,414$7,510,803$6,966,479$9,038,155
59$10,586,305$7,850,218$7,171,241$9,695,888
60$11,636,592$8,205,362$7,381,961$10,411,298
61$12,793,079$8,576,979$7,598,811$11,189,912
62$14,066,568$8,965,846$7,821,967$12,037,811
63$15,468,964$9,372,779$8,051,609$12,961,676
64$17,013,384$9,798,630$8,287,923$13,968,859
65$18,714,282$10,244,296$8,531,101$15,067,443
66$20,587,586$10,710,714$8,781,340$16,266,320
67$22,650,847$11,198,866$9,038,843$17,575,271
68$24,923,405$11,709,783$9,303,816$19,005,056
69$27,426,573$12,244,543$9,576,474$20,567,516
70$30,183,835$12,804,277$9,857,038$22,275,678
71$33,221,070$13,390,170$10,145,732$24,143,877
72$36,566,795$14,003,464$10,442,790$26,187,890
73$40,252,435$14,645,461$10,748,450$28,425,079
74$44,312,619$15,317,524$11,062,959$30,874,556
75$48,785,506$16,021,083$11,386,568$33,557,357
76$53,713,147$16,757,636$11,719,538$36,496,638
77$59,141,881$17,528,752$12,062,135$39,717,890
78$65,122,770$18,336,078$12,414,634$43,249,177
79$71,712,085$19,181,339$12,777,316$47,121,398
80$78,971,834$20,066,341$13,150,473$51,368,571
81$86,970,348$20,992,979$13,534,401$56,028,155
82$95,782,928$21,963,239$13,929,408$61,141,396
83$105,492,552$22,979,203$14,335,808$66,753,711
84$116,190,659$24,043,051$14,753,925$72,915,118
85$127,978,017$25,157,071$15,184,092$79,680,695
86$140,965,666$26,323,659$15,626,650$87,111,103
87$155,275,973$27,545,327$16,081,952$95,273,147
88$171,043,783$28,824,709$16,550,358$104,240,404
89$188,417,694$30,164,565$17,032,240$114,093,915
90$207,561,459$31,567,788$17,527,980$124,922,936
91$228,655,530$33,037,412$18,037,970$136,825,782
92$251,898,765$34,576,616$18,562,613$149,910,745
93$277,510,301$36,188,733$19,102,322$164,297,109
94$305,731,627$37,877,256$19,657,525$180,116,273
95$336,828,859$39,645,847$20,228,658$197,512,978
96$371,095,255$41,498,347$20,816,172$216,646,669
97$408,853,985$43,438,779$21,420,527$237,692,995
98$450,461,176$45,471,364$22,042,199$260,845,451
99$496,309,279$47,600,524$22,681,676$286,317,204
100$546,830,772$49,830,896$23,339,459$314,343,090