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

Use the below retirement simulation to view the chances of a successful retirement.
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%20%
1 years$330,316$327,374$324,503$321,702$318,966$306,189
2 years$163,523$160,477$157,526$154,664$151,888$139,177
3 years$107,932$104,874$101,930$99,095$96,364$84,118
4 years$80,143$77,093$74,179$71,392$68,728$57,040
5 years$63,473$60,442$57,566$54,836$52,246$41,146
6 years$52,364$49,356$46,522$43,853$41,340$30,835
7 years$44,431$41,449$38,660$36,054$33,621$23,706
8 years$38,485$35,529$32,787$30,245$27,892$18,558
9 years$33,863$30,935$28,239$25,762$23,489$14,721
10 years$30,167$27,267$24,619$22,207$20,014$11,795
11 years$27,145$24,274$21,675$19,327$17,212$9,524
12 years$24,628$21,787$19,236$16,952$14,916$7,736
13 years$22,501$19,689$17,186$14,966$13,007$6,314
14 years$20,678$17,897$15,441$13,285$11,402$5,172
15 years$19,101$16,349$13,942$11,848$10,039$4,251
16 years$17,722$15,000$12,640$10,609$8,873$3,502
17 years$16,506$13,815$11,502$9,532$7,867$2,890
18 years$15,426$12,765$10,500$8,590$6,995$2,390
19 years$14,462$11,831$9,612$7,762$6,235$1,979
20 years$13,595$10,994$8,821$7,030$5,569$1,640
21 years$12,811$10,240$8,114$6,380$4,984$1,361
22 years$12,100$9,559$7,478$5,801$4,467$1,130
23 years$11,451$8,940$6,905$5,283$4,010$939
24 years$10,858$8,376$6,386$4,818$3,604$780
25 years$10,313$7,861$5,915$4,400$3,243$649
26 years$9,810$7,388$5,486$4,024$2,921$540
27 years$9,346$6,953$5,094$3,683$2,634$449
28 years$8,915$6,552$4,735$3,374$2,377$374
29 years$8,515$6,181$4,407$3,094$2,146$311
30 years$8,142$5,837$4,105$2,840$1,939$259
31 years$7,794$5,518$3,827$2,608$1,753$216
32 years$7,469$5,221$3,570$2,397$1,586$180
33 years$7,163$4,945$3,334$2,204$1,435$150
34 years$6,877$4,686$3,115$2,028$1,299$125
35 years$6,607$4,445$2,912$1,867$1,177$104
36 years$6,353$4,219$2,724$1,719$1,066$87
37 years$6,113$4,007$2,550$1,584$966$72
38 years$5,886$3,808$2,388$1,460$876$60
39 years$5,672$3,621$2,237$1,346$795$50
40 years$5,469$3,445$2,097$1,242$721$42
41 years$5,276$3,279$1,966$1,146$654$35
42 years$5,093$3,123$1,844$1,057$593$29
43 years$4,918$2,976$1,731$976$538$24
44 years$4,753$2,837$1,624$901$489$20
45 years$4,595$2,705$1,525$832$444$17
46 years$4,444$2,580$1,433$769$403$14
47 years$4,300$2,462$1,346$710$366$12
48 years$4,163$2,351$1,265$656$332$10
49 years$4,031$2,245$1,189$607$302$8
50 years$3,905$2,144$1,118$561$274$7

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 $2,425 every year, while hoping to spend $21,078 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: 56/39/5 Blend
53$4,000,000$4,000,000$4,000,000$4,000,000
54$4,410,501$4,198,501$4,136,501$4,653,016
55$4,837,946$4,381,801$4,252,647$4,999,734
56$5,308,283$4,573,376$4,371,978$5,374,586
57$5,825,866$4,773,610$4,494,577$5,782,306
58$6,395,490$4,982,903$4,620,532$6,226,024
59$7,022,442$5,201,676$4,749,931$6,709,177
60$7,712,542$5,430,370$4,882,865$7,235,545
61$8,472,207$5,669,444$5,019,427$7,809,278
62$9,308,508$5,919,382$5,159,713$8,434,944
63$10,229,234$6,180,690$5,303,821$9,117,561
64$11,242,968$6,453,896$5,451,852$9,862,648
65$12,359,169$6,739,555$5,603,907$10,676,274
66$13,588,259$7,038,248$5,760,093$11,565,114
67$14,941,723$7,350,584$5,920,517$12,536,511
68$16,432,215$7,677,199$6,085,291$13,598,540
69$18,073,680$8,018,761$6,254,528$14,760,085
70$19,881,484$8,375,969$6,428,343$16,030,921
71$21,872,559$8,749,555$6,606,856$17,421,803
72$24,065,564$9,140,287$6,790,189$18,944,567
73$26,481,058$9,548,967$6,978,467$20,612,234
74$29,141,698$9,976,438$7,171,818$22,439,138
75$32,072,449$10,423,582$7,370,372$24,441,054
76$35,300,824$10,891,323$7,574,264$26,635,345
77$38,857,138$11,380,627$7,783,632$29,041,121
78$42,774,798$11,892,510$7,998,616$31,679,422
79$47,090,618$12,428,034$8,219,360$34,573,408
80$51,845,164$12,988,311$8,446,012$37,748,577
81$57,083,141$13,574,507$8,678,723$41,233,001
82$62,853,808$14,187,845$8,917,647$45,057,587
83$69,211,452$14,829,605$9,162,943$49,256,370
84$76,215,891$15,501,127$9,414,774$53,866,820
85$83,933,047$16,203,817$9,673,304$58,930,204
86$92,435,562$16,939,148$9,938,703$64,491,961
87$101,803,485$17,708,663$10,211,146$70,602,132
88$112,125,031$18,513,977$10,490,809$77,315,827
89$123,497,409$19,356,787$10,777,876$84,693,738
90$136,027,741$20,238,866$11,072,531$92,802,708
91$149,834,075$21,162,075$11,374,966$101,716,358
92$165,046,498$22,128,364$11,685,374$111,515,776
93$181,808,362$23,139,775$12,003,956$122,290,272
94$200,277,641$24,198,450$12,330,914$134,138,222
95$220,628,419$25,306,632$12,666,458$147,167,986
96$243,052,533$26,466,672$13,010,800$161,498,924
97$267,761,387$27,681,035$13,364,157$177,262,516
98$294,987,946$28,952,303$13,726,754$194,603,598
99$324,988,932$30,283,182$14,098,816$213,681,718
100$358,047,254$31,676,509$14,480,578$234,672,636