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%17.6%
1 years$338,574$335,558$332,616$329,744$326,940$316,855
2 years$167,611$164,489$161,464$158,531$155,686$145,613
3 years$110,631$107,496$104,478$101,572$98,773$89,030
4 years$82,146$79,021$76,033$73,177$70,446$61,106
5 years$65,060$61,953$59,005$56,207$53,552$44,640
6 years$53,673$50,589$47,685$44,949$42,374$33,898
7 years$45,542$42,485$39,626$36,955$34,461$26,421
8 years$39,447$36,417$33,606$31,001$28,589$20,980
9 years$34,709$31,708$28,945$26,406$24,076$16,889
10 years$30,921$27,949$25,235$22,762$20,514$13,739
11 years$27,823$24,881$22,216$19,810$17,643$11,267
12 years$25,244$22,332$19,716$17,376$15,289$9,300
13 years$23,063$20,182$17,615$15,340$13,332$7,715
14 years$21,195$18,345$15,827$13,617$11,687$6,428
15 years$19,578$16,758$14,290$12,144$10,290$5,373
16 years$18,165$15,375$12,956$10,874$9,094$4,504
17 years$16,918$14,160$11,790$9,770$8,064$3,784
18 years$15,812$13,085$10,762$8,805$7,170$3,185
19 years$14,823$12,127$9,852$7,956$6,391$2,686
20 years$13,935$11,269$9,042$7,206$5,708$2,267
21 years$13,132$10,496$8,317$6,540$5,108$1,916
22 years$12,402$9,798$7,665$5,946$4,579$1,621
23 years$11,738$9,164$7,078$5,415$4,110$1,373
24 years$11,129$8,586$6,546$4,939$3,694$1,163
25 years$10,570$8,057$6,062$4,510$3,324$986
26 years$10,055$7,573$5,623$4,124$2,994$836
27 years$9,579$7,127$5,221$3,775$2,700$709
28 years$9,138$6,716$4,854$3,459$2,436$602
29 years$8,728$6,335$4,517$3,172$2,200$511
30 years$8,346$5,983$4,207$2,911$1,988$434
31 years$7,989$5,656$3,922$2,673$1,797$369
32 years$7,655$5,352$3,660$2,457$1,625$313
33 years$7,342$5,068$3,417$2,259$1,471$266
34 years$7,049$4,803$3,193$2,079$1,332$226
35 years$6,772$4,556$2,985$1,914$1,206$192
36 years$6,512$4,324$2,792$1,762$1,093$163
37 years$6,266$4,107$2,614$1,624$991$139
38 years$6,034$3,903$2,447$1,497$898$118
39 years$5,814$3,712$2,293$1,380$814$100
40 years$5,605$3,531$2,149$1,273$739$85
41 years$5,408$3,361$2,015$1,174$670$72
42 years$5,220$3,201$1,890$1,084$608$62
43 years$5,041$3,050$1,774$1,000$552$52
44 years$4,871$2,907$1,665$924$501$45
45 years$4,709$2,773$1,563$853$455$38
46 years$4,555$2,645$1,468$788$413$32
47 years$4,408$2,524$1,380$728$375$27
48 years$4,267$2,410$1,296$673$341$23
49 years$4,132$2,301$1,219$622$309$20
50 years$4,003$2,198$1,146$575$281$17

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 $6,254 every year, while hoping to spend $57,423 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: 36/35/29 Blend
53$4,100,000$4,100,000$4,100,000$4,100,000
54$4,524,651$4,307,351$4,243,801$4,647,984
55$4,925,068$4,457,314$4,324,871$4,890,489
56$5,364,402$4,612,700$4,406,732$5,146,489
57$5,846,564$4,773,715$4,489,350$5,421,777
58$6,375,859$4,940,572$4,572,688$5,718,128
59$6,957,029$5,113,492$4,656,706$6,037,494
60$7,595,300$5,292,707$4,741,359$6,382,018
61$8,296,427$5,478,456$4,826,601$6,754,058
62$9,066,750$5,670,989$4,912,380$7,156,206
63$9,913,256$5,870,564$4,998,642$7,591,311
64$10,843,638$6,077,452$5,085,327$8,062,509
65$11,866,376$6,291,934$5,172,372$8,573,247
66$12,990,808$6,514,301$5,259,708$9,127,317
67$14,227,225$6,744,856$5,347,263$9,728,890
68$15,586,965$6,983,916$5,434,959$10,382,558
69$17,082,517$7,231,811$5,522,712$11,093,373
70$18,727,645$7,488,881$5,610,435$11,866,891
71$20,537,512$7,755,482$5,698,031$12,709,233
72$22,528,823$8,031,986$5,785,400$13,627,132
73$24,719,988$8,318,778$5,872,436$14,628,000
74$27,131,288$8,616,260$5,959,024$15,719,997
75$29,785,072$8,924,849$6,045,043$16,912,106
76$32,705,962$9,244,980$6,130,365$18,214,217
77$35,921,093$9,577,106$6,214,855$19,637,221
78$39,460,358$9,921,698$6,298,366$21,193,108
79$43,356,701$10,279,248$6,380,748$22,895,080
80$47,646,420$10,650,266$6,461,839$24,757,679
81$52,369,512$11,035,286$6,541,467$26,796,915
82$57,570,048$11,434,861$6,619,452$29,030,423
83$63,296,592$11,849,569$6,695,603$31,477,624
84$69,602,658$12,280,010$6,769,719$34,159,908
85$76,547,211$12,726,813$6,841,587$37,100,836
86$84,195,229$13,190,629$6,910,982$40,326,356
87$92,618,311$13,672,139$6,977,669$43,865,055
88$101,895,355$14,172,050$7,041,397$47,748,417
89$112,113,302$14,691,101$7,101,905$52,011,126
90$123,367,955$15,230,062$7,158,915$56,691,389
91$135,764,884$15,789,732$7,212,136$61,831,296
92$149,420,422$16,370,949$7,261,262$67,477,212
93$164,462,762$16,974,582$7,305,972$73,680,218
94$181,033,166$17,601,539$7,345,924$80,496,589
95$199,287,301$18,252,766$7,380,764$87,988,319
96$219,396,703$18,929,249$7,410,117$96,223,712
97$241,550,400$19,632,016$7,433,589$105,278,019
98$265,956,693$20,362,137$7,450,767$115,234,147
99$292,845,126$21,120,732$7,461,218$126,183,441
100$322,468,646$21,908,965$7,464,485$138,226,541