Can I retire at age 54 with 4,100,000?

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 $4,100,000?

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 years$338,574$335,558$332,616$329,744$326,940$322,854
2 years$167,611$164,489$161,464$158,531$155,686$151,575
3 years$110,631$107,496$104,478$101,572$98,773$94,765
4 years$82,146$79,021$76,033$73,177$70,446$66,571
5 years$65,060$61,953$59,005$56,207$53,552$49,821
6 years$53,673$50,589$47,685$44,949$42,374$38,792
7 years$45,542$42,485$39,626$36,955$34,461$31,030
8 years$39,447$36,417$33,606$31,001$28,589$25,307
9 years$34,709$31,708$28,945$26,406$24,076$20,943
10 years$30,921$27,949$25,235$22,762$20,514$17,528
11 years$27,823$24,881$22,216$19,810$17,643$14,800
12 years$25,244$22,332$19,716$17,376$15,289$12,587
13 years$23,063$20,182$17,615$15,340$13,332$10,767
14 years$21,195$18,345$15,827$13,617$11,687$9,255
15 years$19,578$16,758$14,290$12,144$10,290$7,988
16 years$18,165$15,375$12,956$10,874$9,094$6,918
17 years$16,918$14,160$11,790$9,770$8,064$6,008
18 years$15,812$13,085$10,762$8,805$7,170$5,231
19 years$14,823$12,127$9,852$7,956$6,391$4,563
20 years$13,935$11,269$9,042$7,206$5,708$3,988
21 years$13,132$10,496$8,317$6,540$5,108$3,491
22 years$12,402$9,798$7,665$5,946$4,579$3,060
23 years$11,738$9,164$7,078$5,415$4,110$2,686
24 years$11,129$8,586$6,546$4,939$3,694$2,360
25 years$10,570$8,057$6,062$4,510$3,324$2,075
26 years$10,055$7,573$5,623$4,124$2,994$1,826
27 years$9,579$7,127$5,221$3,775$2,700$1,608
28 years$9,138$6,716$4,854$3,459$2,436$1,416
29 years$8,728$6,335$4,517$3,172$2,200$1,249
30 years$8,346$5,983$4,207$2,911$1,988$1,101
31 years$7,989$5,656$3,922$2,673$1,797$972
32 years$7,655$5,352$3,660$2,457$1,625$857
33 years$7,342$5,068$3,417$2,259$1,471$757
34 years$7,049$4,803$3,193$2,079$1,332$669
35 years$6,772$4,556$2,985$1,914$1,206$591
36 years$6,512$4,324$2,792$1,762$1,093$522
37 years$6,266$4,107$2,614$1,624$991$461
38 years$6,034$3,903$2,447$1,497$898$408
39 years$5,814$3,712$2,293$1,380$814$360
40 years$5,605$3,531$2,149$1,273$739$318
41 years$5,408$3,361$2,015$1,174$670$282
42 years$5,220$3,201$1,890$1,084$608$249
43 years$5,041$3,050$1,774$1,000$552$220
44 years$4,871$2,907$1,665$924$501$195
45 years$4,709$2,773$1,563$853$455$172
46 years$4,555$2,645$1,468$788$413$152
47 years$4,408$2,524$1,380$728$375$135
48 years$4,267$2,410$1,296$673$341$119
49 years$4,132$2,301$1,219$622$309$105
50 years$4,003$2,198$1,146$575$281$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,100,000, adding $6,576 every year, while hoping to spend $54,679 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: 80/10/10 Blend
53$4,100,000$4,100,000$4,100,000$4,100,000
54$4,524,983$4,307,683$4,244,133$4,879,123
55$4,928,353$4,460,582$4,328,134$5,265,291
56$5,371,035$4,619,139$4,413,115$5,681,139
57$5,856,979$4,783,576$4,499,054$6,135,849
58$6,390,540$4,954,121$4,585,921$6,633,280
59$6,976,513$5,131,010$4,673,687$7,177,680
60$7,620,181$5,314,493$4,762,319$7,773,732
61$8,327,363$5,504,826$4,851,780$8,426,587
62$9,104,469$5,702,279$4,942,030$9,141,923
63$9,958,564$5,907,129$5,033,027$9,925,991
64$10,897,428$6,119,669$5,124,724$10,785,676
65$11,929,633$6,340,200$5,217,069$11,728,563
66$13,064,624$6,569,038$5,310,010$12,763,006
67$14,312,806$6,806,512$5,403,486$13,898,207
68$15,685,644$7,052,963$5,497,435$15,144,303
69$17,195,769$7,308,747$5,591,788$16,512,458
70$18,857,098$7,574,236$5,686,473$18,014,976
71$20,684,964$7,849,816$5,781,412$19,665,405
72$22,696,262$8,135,889$5,876,521$21,478,674
73$24,909,608$8,432,874$5,971,712$23,471,231
74$27,345,513$8,741,210$6,066,889$25,661,193
75$30,026,576$9,061,350$6,161,950$28,068,522
76$32,977,700$9,393,769$6,256,789$30,715,211
77$36,226,323$9,738,962$6,351,289$33,625,491
78$39,802,681$10,097,443$6,445,330$36,826,057
79$43,740,086$10,469,751$6,538,781$40,346,324
80$48,075,250$10,856,443$6,631,505$44,218,698
81$52,848,621$11,258,105$6,723,356$48,478,886
82$58,104,772$11,675,343$6,814,180$53,166,232
83$63,892,816$12,108,792$6,903,812$58,324,084
84$70,266,873$12,559,112$6,992,079$64,000,207
85$77,286,579$13,026,994$7,078,799$70,247,227
86$85,017,648$13,513,155$7,163,777$77,123,137
87$93,532,493$14,018,345$7,246,809$84,691,831
88$102,910,909$14,543,345$7,327,678$93,023,716
89$113,240,823$15,088,970$7,406,157$102,196,374
90$124,619,128$15,656,071$7,482,004$112,295,287
91$137,152,594$16,245,533$7,554,966$123,414,654
92$150,958,876$16,858,282$7,624,775$135,658,267
93$166,167,625$17,495,282$7,691,149$149,140,500
94$182,921,712$18,157,540$7,753,791$163,987,383
95$201,378,573$18,846,105$7,812,390$180,337,790
96$221,711,697$19,562,074$7,866,615$198,344,751
97$244,112,264$20,306,590$7,916,120$218,176,895
98$268,790,947$21,080,845$7,960,542$240,020,038
99$295,979,902$21,886,084$7,999,498$264,078,940
100$325,934,956$22,723,607$8,032,586$290,579,237