Can I retire at age 54 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$346,832$343,743$340,729$337,787$334,914$328,690
2 years$171,699$168,501$165,402$162,397$159,483$153,235
3 years$113,329$110,117$107,026$104,050$101,182$95,106
4 years$84,150$80,948$77,888$74,962$72,164$66,306
5 years$66,647$63,464$60,444$57,578$54,858$49,235
6 years$54,982$51,823$48,848$46,046$43,407$38,025
7 years$46,653$43,521$40,593$37,857$35,302$30,162
8 years$40,409$37,306$34,426$31,757$29,286$24,388
9 years$35,556$32,481$29,651$27,050$24,663$20,003
10 years$31,675$28,631$25,850$23,317$21,014$16,589
11 years$28,502$25,488$22,758$20,293$18,073$13,876
12 years$25,860$22,877$20,197$17,800$15,662$11,688
13 years$23,626$20,674$18,045$15,714$13,657$9,900
14 years$21,712$18,792$16,214$13,950$11,972$8,425
15 years$20,056$17,167$14,639$12,441$10,541$7,197
16 years$18,608$15,750$13,272$11,139$9,316$6,168
17 years$17,331$14,505$12,077$10,008$8,260$5,300
18 years$16,198$13,404$11,025$9,020$7,345$4,564
19 years$15,185$12,422$10,093$8,150$6,547$3,939
20 years$14,274$11,543$9,263$7,381$5,847$3,404
21 years$13,452$10,752$8,520$6,699$5,233$2,946
22 years$12,705$10,037$7,852$6,091$4,690$2,553
23 years$12,024$9,387$7,250$5,547$4,210$2,215
24 years$11,401$8,795$6,705$5,059$3,784$1,923
25 years$10,828$8,254$6,210$4,621$3,405$1,671
26 years$10,301$7,757$5,760$4,225$3,067$1,453
27 years$9,813$7,301$5,348$3,867$2,766$1,264
28 years$9,361$6,879$4,972$3,543$2,495$1,100
29 years$8,941$6,490$4,627$3,249$2,253$958
30 years$8,549$6,129$4,310$2,982$2,036$835
31 years$8,184$5,794$4,018$2,739$1,841$727
32 years$7,842$5,482$3,749$2,517$1,665$634
33 years$7,522$5,192$3,500$2,314$1,507$553
34 years$7,221$4,921$3,270$2,129$1,364$482
35 years$6,937$4,667$3,058$1,960$1,236$421
36 years$6,671$4,430$2,860$1,805$1,120$367
37 years$6,419$4,207$2,677$1,663$1,015$320
38 years$6,181$3,998$2,507$1,533$920$279
39 years$5,956$3,802$2,349$1,414$834$244
40 years$5,742$3,617$2,202$1,304$757$213
41 years$5,540$3,443$2,064$1,203$687$186
42 years$5,347$3,279$1,937$1,110$623$162
43 years$5,164$3,125$1,817$1,025$565$142
44 years$4,990$2,978$1,706$946$513$124
45 years$4,824$2,840$1,602$874$466$108
46 years$4,666$2,709$1,504$807$423$94
47 years$4,515$2,586$1,413$746$384$82
48 years$4,371$2,468$1,328$689$349$72
49 years$4,233$2,357$1,248$637$317$63
50 years$4,101$2,252$1,174$589$288$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,200,000, adding $2,723 every year, while hoping to spend $27,442 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: 38/43/19 Blend
53$4,200,000$4,200,000$4,200,000$4,200,000
54$4,631,209$4,408,609$4,343,509$4,780,683
55$5,074,394$4,595,433$4,459,818$5,075,500
56$5,561,864$4,790,491$4,579,104$5,391,103
57$6,098,108$4,994,158$4,701,438$5,731,613
58$6,688,070$5,206,827$4,826,891$6,099,293
59$7,337,198$5,428,907$4,955,537$6,496,624
60$8,051,497$5,660,828$5,087,452$6,926,329
61$8,837,580$5,903,039$5,222,712$7,391,394
62$9,702,735$6,156,010$5,361,395$7,895,101
63$10,654,994$6,420,234$5,503,581$8,441,048
64$11,703,204$6,696,226$5,649,352$9,033,191
65$12,857,116$6,984,526$5,798,791$9,675,871
66$14,127,473$7,285,699$5,951,981$10,373,860
67$15,526,112$7,600,335$6,109,009$11,132,398
68$17,066,078$7,929,055$6,269,964$11,957,244
69$18,761,745$8,272,505$6,434,934$12,854,726
70$20,628,949$8,631,364$6,604,011$13,831,802
71$22,685,144$9,006,342$6,777,287$14,896,118
72$24,949,560$9,398,184$6,954,857$16,056,082
73$27,443,388$9,807,668$7,136,818$17,320,937
74$30,189,979$10,235,610$7,323,267$18,700,850
75$33,215,064$10,682,862$7,514,304$20,206,999
76$36,546,998$11,150,320$7,710,031$21,851,683
77$40,217,026$11,638,919$7,910,550$23,648,428
78$44,259,576$12,149,640$8,115,967$25,612,114
79$48,712,589$12,683,509$8,326,389$27,759,114
80$53,617,874$13,241,601$8,541,923$30,107,442
81$59,021,501$13,825,043$8,762,681$32,676,919
82$64,974,237$14,435,014$8,988,775$35,489,359
83$71,532,028$15,072,748$9,220,317$38,568,770
84$78,756,522$15,739,540$9,457,425$41,941,574
85$86,715,653$16,436,743$9,700,215$45,636,852
86$95,484,284$17,165,778$9,948,806$49,686,618
87$105,144,909$17,928,129$10,203,319$54,126,112
88$115,788,437$18,725,355$10,463,877$58,994,129
89$127,515,045$19,559,085$10,730,605$64,333,380
90$140,435,128$20,431,027$11,003,628$70,190,888
91$154,670,335$21,342,972$11,283,073$76,618,427
92$170,354,724$22,296,793$11,569,072$83,673,008
93$187,636,024$23,294,453$11,861,753$91,417,404
94$206,677,027$24,338,010$12,161,251$99,920,741
95$227,657,130$25,429,619$12,467,699$109,259,140
96$250,774,023$26,571,536$12,781,233$119,516,433
97$276,245,559$27,766,127$13,101,990$130,784,940
98$304,311,809$29,015,870$13,430,109$143,166,339
99$335,237,325$30,323,359$13,765,729$156,772,613
100$369,313,644$31,691,316$14,108,993$171,727,100