Can I retire at age 54 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$511,990$507,430$502,980$498,637$494,397$484,415
2 years$253,460$248,740$244,165$239,729$235,427$225,414
3 years$167,295$162,554$157,991$153,597$149,365$139,633
4 years$124,221$119,495$114,977$110,658$106,528$97,153
5 years$98,383$93,685$89,227$84,996$80,981$71,989
6 years$81,164$76,501$72,109$67,972$64,077$55,478
7 years$68,869$64,245$59,923$55,883$52,112$43,907
8 years$59,652$55,070$50,819$46,879$43,232$35,419
9 years$52,487$47,949$43,770$39,931$36,408$28,982
10 years$46,758$42,264$38,160$34,421$31,021$23,975
11 years$42,074$37,625$33,596$29,956$26,679$20,004
12 years$38,174$33,771$29,815$26,276$23,120$16,806
13 years$34,876$30,519$26,638$23,198$20,161$14,198
14 years$32,052$27,741$23,934$20,592$17,673$12,050
15 years$29,606$25,342$21,609$18,365$15,561$10,265
16 years$27,468$23,250$19,592$16,443$13,752$8,772
17 years$25,584$21,413$17,828$14,774$12,194$7,516
18 years$23,911$19,786$16,275$13,315$10,842$6,454
19 years$22,416$18,338$14,899$12,031$9,664$5,553
20 years$21,072$17,040$13,673$10,896$8,632$4,785
21 years$19,857$15,872$12,577$9,889$7,725$4,129
22 years$18,755$14,816$11,591$8,991$6,924$3,567
23 years$17,750$13,857$10,703$8,189$6,215$3,085
24 years$16,830$12,984$9,898$7,469$5,587$2,670
25 years$15,985$12,184$9,168$6,821$5,027$2,313
26 years$15,206$11,451$8,503$6,237$4,528$2,004
27 years$14,486$10,777$7,895$5,708$4,083$1,738
28 years$13,818$10,155$7,340$5,230$3,684$1,508
29 years$13,198$9,580$6,830$4,796$3,326$1,309
30 years$12,621$9,048$6,362$4,402$3,006$1,137
31 years$12,081$8,553$5,931$4,043$2,717$987
32 years$11,576$8,093$5,534$3,715$2,458$858
33 years$11,103$7,664$5,167$3,416$2,224$745
34 years$10,659$7,264$4,828$3,143$2,014$648
35 years$10,241$6,890$4,514$2,894$1,824$563
36 years$9,847$6,539$4,222$2,665$1,653$490
37 years$9,475$6,211$3,952$2,455$1,498$426
38 years$9,124$5,902$3,701$2,263$1,358$370
39 years$8,791$5,613$3,467$2,087$1,232$322
40 years$8,476$5,340$3,250$1,925$1,117$280
41 years$8,177$5,083$3,047$1,776$1,013$244
42 years$7,894$4,841$2,859$1,639$920$212
43 years$7,624$4,612$2,682$1,513$835$184
44 years$7,366$4,397$2,518$1,397$758$160
45 years$7,122$4,193$2,364$1,290$688$140
46 years$6,888$4,000$2,221$1,192$624$121
47 years$6,665$3,817$2,086$1,101$567$106
48 years$6,452$3,644$1,960$1,017$515$92
49 years$6,248$3,480$1,843$940$468$80
50 years$6,053$3,324$1,732$869$425$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,200,000, adding $5,558 every year, while hoping to spend $39,412 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: 81/7/12 Blend
53$6,200,000$6,200,000$6,200,000$6,200,000
54$6,838,133$6,509,533$6,413,433$7,376,727
55$7,493,689$6,786,566$6,586,349$8,007,970
56$8,214,790$7,075,853$6,763,737$8,695,000
57$9,008,081$7,377,952$6,945,704$9,447,981
58$9,880,882$7,693,449$7,132,363$10,273,504
59$10,841,259$8,022,955$7,323,824$11,178,827
60$11,898,100$8,367,112$7,520,204$12,171,945
61$13,061,195$8,726,590$7,721,620$13,261,663
62$14,341,336$9,102,091$7,928,193$14,457,677
63$15,750,409$9,494,351$8,140,044$15,770,669
64$17,301,515$9,904,138$8,357,300$17,212,405
65$19,009,088$10,332,259$8,580,088$18,795,842
66$20,889,031$10,779,556$8,808,537$20,535,257
67$22,958,871$11,246,913$9,042,782$22,446,374
68$25,237,919$11,735,254$9,282,958$24,546,516
69$27,747,452$12,245,547$9,529,202$26,854,763
70$30,510,918$12,778,805$9,781,657$29,392,139
71$33,554,155$13,336,090$10,040,465$32,181,801
72$36,905,632$13,918,512$10,305,774$35,249,263
73$40,596,721$14,527,234$10,577,733$38,622,631
74$44,661,994$15,163,475$10,856,494$42,332,874
75$49,139,543$15,828,511$11,142,212$46,414,107
76$54,071,346$16,523,678$11,435,046$50,903,917
77$59,503,659$17,250,374$11,735,156$55,843,718
78$65,487,455$18,010,065$12,042,706$61,279,135
79$72,078,902$18,804,285$12,357,864$67,260,441
80$79,339,896$19,634,641$12,680,798$73,843,024
81$87,338,644$20,502,817$13,011,683$81,087,911
82$96,150,305$21,410,574$13,350,694$89,062,343
83$105,857,704$22,359,760$13,698,010$97,840,409
84$116,552,110$23,352,308$14,053,813$107,503,742
85$128,334,098$24,390,244$14,418,289$118,142,291
86$141,314,499$25,475,690$14,791,625$129,855,164
87$155,615,447$26,610,867$15,174,013$142,751,567
88$171,371,528$27,798,105$15,565,648$156,951,830
89$188,731,053$29,039,841$15,966,727$172,588,543
90$207,857,458$30,338,631$16,377,450$189,807,804
91$228,930,845$31,697,151$16,798,021$208,770,599
92$252,149,683$33,118,203$17,228,646$229,654,316
93$277,732,682$34,604,726$17,669,537$252,654,421
94$305,920,854$36,159,796$18,120,905$277,986,301
95$336,979,792$37,786,637$18,582,966$305,887,293
96$371,202,174$39,488,625$19,055,938$336,618,922
97$408,910,528$41,269,300$19,540,045$370,469,371
98$450,460,275$43,132,369$20,035,509$407,756,197
99$496,243,083$45,081,715$20,542,559$448,829,324
100$546,690,568$47,121,410$21,061,425$494,074,347