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%18.2%
1 years$330,316$327,374$324,503$321,702$318,966$308,385
2 years$163,523$160,477$157,526$154,664$151,888$141,331
3 years$107,932$104,874$101,930$99,095$96,364$86,162
4 years$80,143$77,093$74,179$71,392$68,728$58,959
5 years$63,473$60,442$57,566$54,836$52,246$42,936
6 years$52,364$49,356$46,522$43,853$41,340$32,497
7 years$44,431$41,449$38,660$36,054$33,621$25,243
8 years$38,485$35,529$32,787$30,245$27,892$19,973
9 years$33,863$30,935$28,239$25,762$23,489$16,020
10 years$30,167$27,267$24,619$22,207$20,014$12,982
11 years$27,145$24,274$21,675$19,327$17,212$10,606
12 years$24,628$21,787$19,236$16,952$14,916$8,719
13 years$22,501$19,689$17,186$14,966$13,007$7,204
14 years$20,678$17,897$15,441$13,285$11,402$5,977
15 years$19,101$16,349$13,942$11,848$10,039$4,975
16 years$17,722$15,000$12,640$10,609$8,873$4,152
17 years$16,506$13,815$11,502$9,532$7,867$3,473
18 years$15,426$12,765$10,500$8,590$6,995$2,911
19 years$14,462$11,831$9,612$7,762$6,235$2,443
20 years$13,595$10,994$8,821$7,030$5,569$2,053
21 years$12,811$10,240$8,114$6,380$4,984$1,727
22 years$12,100$9,559$7,478$5,801$4,467$1,454
23 years$11,451$8,940$6,905$5,283$4,010$1,226
24 years$10,858$8,376$6,386$4,818$3,604$1,033
25 years$10,313$7,861$5,915$4,400$3,243$872
26 years$9,810$7,388$5,486$4,024$2,921$736
27 years$9,346$6,953$5,094$3,683$2,634$621
28 years$8,915$6,552$4,735$3,374$2,377$525
29 years$8,515$6,181$4,407$3,094$2,146$443
30 years$8,142$5,837$4,105$2,840$1,939$375
31 years$7,794$5,518$3,827$2,608$1,753$317
32 years$7,469$5,221$3,570$2,397$1,586$268
33 years$7,163$4,945$3,334$2,204$1,435$226
34 years$6,877$4,686$3,115$2,028$1,299$191
35 years$6,607$4,445$2,912$1,867$1,177$162
36 years$6,353$4,219$2,724$1,719$1,066$137
37 years$6,113$4,007$2,550$1,584$966$116
38 years$5,886$3,808$2,388$1,460$876$98
39 years$5,672$3,621$2,237$1,346$795$83
40 years$5,469$3,445$2,097$1,242$721$70
41 years$5,276$3,279$1,966$1,146$654$59
42 years$5,093$3,123$1,844$1,057$593$50
43 years$4,918$2,976$1,731$976$538$42
44 years$4,753$2,837$1,624$901$489$36
45 years$4,595$2,705$1,525$832$444$30
46 years$4,444$2,580$1,433$769$403$26
47 years$4,300$2,462$1,346$710$366$22
48 years$4,163$2,351$1,265$656$332$18
49 years$4,031$2,245$1,189$607$302$16
50 years$3,905$2,144$1,118$561$274$13

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 $2,116 every year, while hoping to spend $46,946 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: 53/31/16 Blend
53$4,000,000$4,000,000$4,000,000$4,000,000
54$4,410,183$4,198,183$4,136,183$4,624,815
55$4,810,071$4,353,943$4,224,795$4,927,568
56$5,249,175$4,515,763$4,314,802$5,251,654
57$5,731,444$4,683,889$4,406,201$5,603,236
58$6,261,231$4,858,579$4,498,988$5,984,938
59$6,843,328$5,040,101$4,593,156$6,399,648
60$7,483,019$5,228,738$4,688,698$6,850,540
61$8,186,121$5,424,780$4,785,603$7,341,106
62$8,959,044$5,628,532$4,883,860$7,875,187
63$9,808,850$5,840,314$4,983,453$8,457,009
64$10,743,320$6,060,457$5,084,366$9,091,221
65$11,771,025$6,289,306$5,186,579$9,782,939
66$12,901,412$6,527,224$5,290,071$10,537,794
67$14,144,884$6,774,586$5,394,817$11,361,983
68$15,512,908$7,031,786$5,500,789$12,262,323
69$17,018,115$7,299,234$5,607,956$13,246,323
70$18,674,425$7,577,359$5,716,284$14,322,245
71$20,497,172$7,866,606$5,825,736$15,499,185
72$22,503,256$8,167,441$5,936,270$16,787,158
73$24,711,294$8,480,352$6,047,841$18,197,188
74$27,141,803$8,805,846$6,160,401$19,741,416
75$29,817,387$9,144,453$6,273,894$21,433,208
76$32,762,955$9,496,725$6,388,264$23,287,283
77$36,005,953$9,863,241$6,503,447$25,319,847
78$39,576,623$10,244,604$6,619,376$27,548,751
79$43,508,291$10,641,442$6,735,978$29,993,650
80$47,837,678$11,054,413$6,853,174$32,676,192
81$52,605,245$11,484,203$6,970,879$35,620,219
82$57,855,580$11,931,529$7,089,003$38,851,991
83$63,637,813$12,397,139$7,207,450$42,400,432
84$70,006,086$12,881,814$7,326,114$46,297,399
85$77,020,054$13,386,370$7,444,887$50,577,982
86$84,745,457$13,911,660$7,563,648$55,280,836
87$93,254,736$14,458,574$7,682,273$60,448,540
88$102,627,717$15,028,042$7,800,627$66,127,996
89$112,952,364$15,621,035$7,918,567$72,370,874
90$124,325,607$16,238,568$8,035,942$79,234,092
91$136,854,263$16,881,702$8,152,590$86,780,356
92$150,656,036$17,551,544$8,268,340$95,078,745
93$165,860,634$18,249,251$8,383,011$104,205,361
94$182,610,987$18,976,033$8,496,411$114,244,048
95$201,064,602$19,733,153$8,608,335$125,287,175
96$221,395,046$20,521,932$8,718,568$137,436,511
97$243,793,583$21,343,749$8,826,883$150,804,177
98$268,470,983$22,200,047$8,933,038$165,513,705
99$295,659,506$23,092,333$9,036,778$181,701,196
100$325,615,101$24,022,182$9,137,835$199,516,609