Can I retire at age 54 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$520,248$515,614$511,093$506,680$502,371$495,888
2 years$257,549$252,752$248,103$243,596$239,224$232,702
3 years$169,994$165,176$160,539$156,074$151,774$145,415
4 years$126,225$121,422$116,831$112,443$108,246$102,100
5 years$99,970$95,196$90,666$86,367$82,287$76,371
6 years$82,473$77,735$73,272$69,068$65,111$59,432
7 years$69,980$65,282$60,889$56,785$52,953$47,513
8 years$60,614$55,958$51,639$47,635$43,929$38,729
9 years$53,333$48,722$44,476$40,575$36,995$32,031
10 years$47,512$42,946$38,776$34,976$31,521$26,791
11 years$42,753$38,232$34,137$30,439$27,110$22,608
12 years$38,789$34,315$30,296$26,700$23,493$19,215
13 years$35,438$31,011$27,068$23,572$20,486$16,427
14 years$32,569$28,188$24,320$20,924$17,958$14,111
15 years$30,084$25,750$21,958$18,661$15,812$12,170
16 years$27,911$23,625$19,908$16,709$13,974$10,532
17 years$25,997$21,758$18,116$15,013$12,391$9,140
18 years$24,297$20,106$16,537$13,529$11,017$7,952
19 years$22,777$18,634$15,139$12,225$9,820$6,933
20 years$21,412$17,315$13,894$11,072$8,771$6,055
21 years$20,178$16,128$12,780$10,049$7,849$5,296
22 years$19,057$15,055$11,778$9,136$7,036$4,639
23 years$18,036$14,081$10,875$8,321$6,316$4,068
24 years$17,101$13,193$10,058$7,589$5,677$3,571
25 years$16,242$12,381$9,316$6,931$5,108$3,137
26 years$15,451$11,636$8,640$6,337$4,601$2,759
27 years$14,719$10,951$8,023$5,801$4,148$2,427
28 years$14,041$10,319$7,458$5,315$3,743$2,137
29 years$13,411$9,735$6,940$4,874$3,380$1,882
30 years$12,824$9,193$6,465$4,473$3,054$1,659
31 years$12,276$8,691$6,027$4,108$2,761$1,462
32 years$11,763$8,223$5,623$3,775$2,498$1,289
33 years$11,282$7,788$5,250$3,472$2,260$1,137
34 years$10,831$7,381$4,906$3,194$2,047$1,004
35 years$10,406$7,001$4,586$2,940$1,854$886
36 years$10,006$6,645$4,291$2,708$1,679$782
37 years$9,628$6,311$4,016$2,495$1,522$690
38 years$9,271$5,998$3,761$2,300$1,380$610
39 years$8,933$5,703$3,523$2,121$1,251$539
40 years$8,613$5,426$3,302$1,956$1,135$476
41 years$8,309$5,165$3,097$1,805$1,030$420
42 years$8,021$4,919$2,905$1,665$934$371
43 years$7,746$4,687$2,726$1,537$848$328
44 years$7,485$4,468$2,559$1,419$770$290
45 years$7,236$4,260$2,402$1,311$699$256
46 years$6,999$4,064$2,256$1,211$634$226
47 years$6,773$3,878$2,120$1,119$576$200
48 years$6,556$3,702$1,992$1,034$523$177
49 years$6,349$3,536$1,872$955$475$156
50 years$6,151$3,377$1,760$883$432$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $6,300,000, adding $6,301 every year, while hoping to spend $54,109 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: 53/24/23 Blend
53$6,300,000$6,300,000$6,300,000$6,300,000
54$6,949,099$6,615,199$6,517,549$7,272,910
55$7,600,336$6,881,773$6,678,316$7,763,309
56$8,316,185$7,159,595$6,842,654$8,290,550
57$9,103,181$7,449,159$7,010,628$8,863,169
58$9,968,520$7,750,982$7,182,298$9,485,515
59$10,920,133$8,065,605$7,357,730$10,162,371
60$11,966,758$8,393,591$7,536,985$10,898,997
61$13,118,021$8,735,531$7,720,128$11,701,180
62$14,384,528$9,092,041$7,907,221$12,575,285
63$15,777,966$9,463,767$8,098,329$13,528,315
64$17,311,211$9,851,384$8,293,515$14,567,976
65$18,998,449$10,255,596$8,492,842$15,702,746
66$20,855,312$10,677,142$8,696,374$16,941,956
67$22,899,025$11,116,792$8,904,173$18,295,876
68$25,148,565$11,575,355$9,116,303$19,775,808
69$27,624,844$12,053,672$9,332,824$21,394,192
70$30,350,904$12,552,628$9,553,800$23,164,725
71$33,352,134$13,073,145$9,779,291$25,102,482
72$36,656,512$13,616,189$10,009,356$27,224,060
73$40,294,863$14,182,769$10,244,057$29,547,733
74$44,301,156$14,773,943$10,483,450$32,093,620
75$48,712,823$15,390,814$10,727,594$34,883,877
76$53,571,107$16,034,541$10,976,545$37,942,895
77$58,921,458$16,706,331$11,230,358$41,297,540
78$64,813,957$17,407,452$11,489,085$44,977,391
79$71,303,790$18,139,226$11,752,778$49,015,028
80$78,451,768$18,903,040$12,021,488$53,446,328
81$86,324,903$19,700,343$12,295,262$58,310,807
82$94,997,035$20,532,651$12,574,145$63,651,985
83$104,549,535$21,401,554$12,858,182$69,517,798
84$115,072,068$22,308,711$13,147,411$75,961,044
85$126,663,442$23,255,860$13,441,872$83,039,879
86$139,432,538$24,244,822$13,741,600$90,818,362
87$153,499,338$25,277,500$14,046,625$99,367,059
88$168,996,059$26,355,886$14,356,976$108,763,701
89$186,068,400$27,482,067$14,672,676$119,093,914
90$204,876,913$28,658,225$14,993,748$130,452,027
91$225,598,525$29,886,645$15,320,205$142,941,954
92$248,428,203$31,169,719$15,652,060$156,678,173
93$273,580,795$32,509,950$15,989,320$171,786,801
94$301,293,058$33,909,959$16,331,984$188,406,777
95$331,825,893$35,372,490$16,680,048$206,691,175
96$365,466,806$36,900,415$17,033,503$226,808,637
97$402,532,626$38,496,740$17,392,330$248,944,961
98$443,372,487$40,164,614$17,756,506$273,304,851
99$488,371,132$41,907,332$18,126,001$300,113,843
100$537,952,541$43,728,345$18,500,776$329,620,427