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%15.4%
1 years$338,574$335,558$332,616$329,744$326,940$319,686
2 years$167,611$164,489$161,464$158,531$155,686$148,415
3 years$110,631$107,496$104,478$101,572$98,773$91,713
4 years$82,146$79,021$76,033$73,177$70,446$63,650
5 years$65,060$61,953$59,005$56,207$53,552$47,040
6 years$53,673$50,589$47,685$44,949$42,374$36,153
7 years$45,542$42,485$39,626$36,955$34,461$28,532
8 years$39,447$36,417$33,606$31,001$28,589$22,950
9 years$34,709$31,708$28,945$26,406$24,076$18,722
10 years$30,921$27,949$25,235$22,762$20,514$15,440
11 years$27,823$24,881$22,216$19,810$17,643$12,842
12 years$25,244$22,332$19,716$17,376$15,289$10,754
13 years$23,063$20,182$17,615$15,340$13,332$9,055
14 years$21,195$18,345$15,827$13,617$11,687$7,659
15 years$19,578$16,758$14,290$12,144$10,290$6,502
16 years$18,165$15,375$12,956$10,874$9,094$5,536
17 years$16,918$14,160$11,790$9,770$8,064$4,727
18 years$15,812$13,085$10,762$8,805$7,170$4,044
19 years$14,823$12,127$9,852$7,956$6,391$3,466
20 years$13,935$11,269$9,042$7,206$5,708$2,976
21 years$13,132$10,496$8,317$6,540$5,108$2,558
22 years$12,402$9,798$7,665$5,946$4,579$2,201
23 years$11,738$9,164$7,078$5,415$4,110$1,896
24 years$11,129$8,586$6,546$4,939$3,694$1,635
25 years$10,570$8,057$6,062$4,510$3,324$1,410
26 years$10,055$7,573$5,623$4,124$2,994$1,218
27 years$9,579$7,127$5,221$3,775$2,700$1,052
28 years$9,138$6,716$4,854$3,459$2,436$909
29 years$8,728$6,335$4,517$3,172$2,200$786
30 years$8,346$5,983$4,207$2,911$1,988$679
31 years$7,989$5,656$3,922$2,673$1,797$588
32 years$7,655$5,352$3,660$2,457$1,625$508
33 years$7,342$5,068$3,417$2,259$1,471$440
34 years$7,049$4,803$3,193$2,079$1,332$381
35 years$6,772$4,556$2,985$1,914$1,206$330
36 years$6,512$4,324$2,792$1,762$1,093$285
37 years$6,266$4,107$2,614$1,624$991$247
38 years$6,034$3,903$2,447$1,497$898$214
39 years$5,814$3,712$2,293$1,380$814$185
40 years$5,605$3,531$2,149$1,273$739$160
41 years$5,408$3,361$2,015$1,174$670$139
42 years$5,220$3,201$1,890$1,084$608$120
43 years$5,041$3,050$1,774$1,000$552$104
44 years$4,871$2,907$1,665$924$501$90
45 years$4,709$2,773$1,563$853$455$78
46 years$4,555$2,645$1,468$788$413$68
47 years$4,408$2,524$1,380$728$375$59
48 years$4,267$2,410$1,296$673$341$51
49 years$4,132$2,301$1,219$622$309$44
50 years$4,003$2,198$1,146$575$281$38

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 $6,480 every year, while hoping to spend $27,387 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: 70/15/15 Blend
53$4,100,000$4,100,000$4,100,000$4,100,000
54$4,524,884$4,307,584$4,244,034$4,825,665
55$4,957,283$4,489,516$4,357,070$5,208,369
56$5,432,868$4,679,445$4,472,974$5,623,166
57$5,956,016$4,877,734$4,591,814$6,076,426
58$6,531,549$5,084,762$4,713,659$6,571,939
59$7,164,779$5,300,927$4,838,579$7,113,876
60$7,861,559$5,526,645$4,966,644$7,706,829
61$8,628,339$5,762,351$5,097,927$8,355,853
62$9,472,224$6,008,501$5,232,503$9,066,513
63$10,401,046$6,265,572$5,370,446$9,844,937
64$11,423,431$6,534,064$5,511,834$10,697,869
65$12,548,885$6,814,498$5,656,745$11,632,737
66$13,787,885$7,107,421$5,805,260$12,657,721
67$15,151,971$7,413,407$5,957,458$13,781,827
68$16,653,863$7,733,054$6,113,423$15,014,973
69$18,307,573$8,066,990$6,273,239$16,368,080
70$20,128,545$8,415,873$6,436,992$17,853,179
71$22,133,795$8,780,388$6,604,770$19,483,518
72$24,342,073$9,161,258$6,776,660$21,273,686
73$26,774,039$9,559,235$6,952,753$23,239,756
74$29,452,462$9,975,108$7,133,141$25,399,428
75$32,402,430$10,409,705$7,317,918$27,772,201
76$35,651,587$10,863,890$7,507,178$30,379,550
77$39,230,398$11,338,570$7,701,018$33,245,133
78$43,172,432$11,834,693$7,899,535$36,395,010
79$47,514,680$12,353,253$8,102,829$39,857,888
80$52,297,905$12,895,290$8,311,002$43,665,391
81$57,567,026$13,461,894$8,524,155$47,852,357
82$63,371,541$14,054,205$8,742,393$52,457,165
83$69,765,997$14,673,419$8,965,821$57,522,096
84$76,810,499$15,320,788$9,194,547$63,093,730
85$84,571,284$15,997,620$9,428,678$69,223,385
86$93,121,342$16,705,291$9,668,326$75,967,598
87$102,541,106$17,445,236$9,913,601$83,388,659
88$112,919,208$18,218,963$10,164,617$91,555,194
89$124,353,323$19,028,048$10,421,487$100,542,815
90$136,951,083$19,874,143$10,684,328$110,434,828
91$150,831,096$20,758,979$10,953,256$121,323,017
92$166,124,068$21,684,368$11,228,389$133,308,513
93$182,974,031$22,652,210$11,509,848$146,502,740
94$201,539,707$23,664,494$11,797,753$161,028,467
95$221,996,005$24,723,302$12,092,226$177,020,968
96$244,535,672$25,830,819$12,393,391$194,629,289
97$269,371,112$26,989,330$12,701,370$214,017,657
98$296,736,390$28,201,231$13,016,290$235,367,029
99$326,889,442$29,469,033$13,338,277$258,876,790
100$360,114,514$30,795,364$13,667,458$284,766,640