Can I retire at age 54 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$330,316$327,374$324,503$321,702$318,966$311,002
2 years$163,523$160,477$157,526$154,664$151,888$143,916
3 years$107,932$104,874$101,930$99,095$96,364$88,632
4 years$80,143$77,093$74,179$71,392$68,728$61,295
5 years$63,473$60,442$57,566$54,836$52,246$45,133
6 years$52,364$49,356$46,522$43,853$41,340$34,555
7 years$44,431$41,449$38,660$36,054$33,621$27,164
8 years$38,485$35,529$32,787$30,245$27,892$21,760
9 years$33,863$30,935$28,239$25,762$23,489$17,677
10 years$30,167$27,267$24,619$22,207$20,014$14,515
11 years$27,145$24,274$21,675$19,327$17,212$12,019
12 years$24,628$21,787$19,236$16,952$14,916$10,019
13 years$22,501$19,689$17,186$14,966$13,007$8,397
14 years$20,678$17,897$15,441$13,285$11,402$7,068
15 years$19,101$16,349$13,942$11,848$10,039$5,971
16 years$17,722$15,000$12,640$10,609$8,873$5,059
17 years$16,506$13,815$11,502$9,532$7,867$4,297
18 years$15,426$12,765$10,500$8,590$6,995$3,658
19 years$14,462$11,831$9,612$7,762$6,235$3,119
20 years$13,595$10,994$8,821$7,030$5,569$2,664
21 years$12,811$10,240$8,114$6,380$4,984$2,277
22 years$12,100$9,559$7,478$5,801$4,467$1,949
23 years$11,451$8,940$6,905$5,283$4,010$1,670
24 years$10,858$8,376$6,386$4,818$3,604$1,432
25 years$10,313$7,861$5,915$4,400$3,243$1,228
26 years$9,810$7,388$5,486$4,024$2,921$1,054
27 years$9,346$6,953$5,094$3,683$2,634$906
28 years$8,915$6,552$4,735$3,374$2,377$778
29 years$8,515$6,181$4,407$3,094$2,146$669
30 years$8,142$5,837$4,105$2,840$1,939$575
31 years$7,794$5,518$3,827$2,608$1,753$494
32 years$7,469$5,221$3,570$2,397$1,586$425
33 years$7,163$4,945$3,334$2,204$1,435$366
34 years$6,877$4,686$3,115$2,028$1,299$315
35 years$6,607$4,445$2,912$1,867$1,177$271
36 years$6,353$4,219$2,724$1,719$1,066$233
37 years$6,113$4,007$2,550$1,584$966$201
38 years$5,886$3,808$2,388$1,460$876$173
39 years$5,672$3,621$2,237$1,346$795$149
40 years$5,469$3,445$2,097$1,242$721$128
41 years$5,276$3,279$1,966$1,146$654$110
42 years$5,093$3,123$1,844$1,057$593$95
43 years$4,918$2,976$1,731$976$538$82
44 years$4,753$2,837$1,624$901$489$70
45 years$4,595$2,705$1,525$832$444$61
46 years$4,444$2,580$1,433$769$403$52
47 years$4,300$2,462$1,346$710$366$45
48 years$4,163$2,351$1,265$656$332$39
49 years$4,031$2,245$1,189$607$302$33
50 years$3,905$2,144$1,118$561$274$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,000,000, adding $3,340 every year, while hoping to spend $28,724 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: 76/6/18 Blend
53$4,000,000$4,000,000$4,000,000$4,000,000
54$4,411,445$4,199,445$4,137,445$4,728,378
55$4,830,851$4,374,656$4,245,488$5,113,706
56$5,292,072$4,557,489$4,356,187$5,532,173
57$5,799,346$4,748,288$4,469,601$5,990,218
58$6,357,337$4,947,412$4,585,790$6,491,783
59$6,971,187$5,155,237$4,704,816$7,041,208
60$7,646,559$5,372,155$4,826,738$7,643,275
61$8,389,695$5,598,578$4,951,621$8,303,246
62$9,207,472$5,834,935$5,079,528$9,026,922
63$10,107,466$6,081,679$5,210,524$9,820,687
64$11,098,025$6,339,279$5,344,674$10,691,576
65$12,188,348$6,608,228$5,482,046$11,647,337
66$13,388,572$6,889,044$5,622,706$12,696,503
67$14,709,864$7,182,265$5,766,725$13,848,476
68$16,164,532$7,488,457$5,914,172$15,113,612
69$17,766,135$7,808,212$6,065,117$16,503,316
70$19,529,615$8,142,149$6,219,633$18,030,157
71$21,471,437$8,490,916$6,377,792$19,707,979
72$23,609,744$8,855,191$6,539,668$21,552,031
73$25,964,527$9,235,685$6,705,336$23,579,118
74$28,557,815$9,633,140$6,874,872$25,807,749
75$31,413,884$10,048,335$7,048,351$28,258,318
76$34,559,481$10,482,084$7,225,852$30,953,294
77$38,024,083$10,935,241$7,407,453$33,917,432
78$41,840,169$11,408,698$7,593,233$37,178,006
79$46,043,532$11,903,390$7,783,271$40,765,065
80$50,673,611$12,420,295$7,977,650$44,711,718
81$55,773,868$12,960,437$8,176,449$49,054,445
82$61,392,195$13,524,891$8,379,753$53,833,440
83$67,581,367$14,114,779$8,587,642$59,092,989
84$74,399,540$14,731,277$8,800,202$64,881,888
85$81,910,800$15,375,617$9,017,517$71,253,906
86$90,185,768$16,049,088$9,239,670$78,268,283
87$99,302,265$16,753,042$9,466,747$85,990,300
88$109,346,047$17,488,892$9,698,834$94,491,882
89$120,411,616$18,258,120$9,936,017$103,852,288
90$132,603,110$19,062,277$10,178,383$114,158,847
91$146,035,285$19,902,987$10,426,017$125,507,791
92$160,834,602$20,781,951$10,679,007$138,005,155
93$177,140,417$21,700,952$10,937,438$151,767,781
94$195,106,296$22,661,855$11,201,399$166,924,419
95$214,901,468$23,666,616$11,470,976$183,616,940
96$236,712,419$24,717,281$11,746,255$202,001,674
97$260,744,654$25,815,996$12,027,322$222,250,888
98$287,224,634$26,965,006$12,314,263$244,554,406
99$316,401,920$28,166,664$12,607,164$269,121,403
100$348,551,521$29,423,435$12,906,109$296,182,376