Can I retire at age 54 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$363,348$360,111$356,954$353,872$350,862$342,659
2 years$179,875$176,525$173,278$170,131$167,077$158,859
3 years$118,726$115,361$112,123$109,004$106,001$98,024
4 years$88,157$84,803$81,597$78,531$75,601$67,928
5 years$69,820$66,486$63,322$60,320$57,470$50,122
6 years$57,600$54,291$51,174$48,238$45,474$38,459
7 years$48,875$45,594$42,526$39,659$36,983$30,301
8 years$42,334$39,082$36,065$33,269$30,681$24,330
9 years$37,249$34,028$31,063$28,338$25,838$19,812
10 years$33,183$29,994$27,081$24,428$22,015$16,309
11 years$29,859$26,702$23,842$21,259$18,934$13,539
12 years$27,091$23,966$21,159$18,647$16,407$11,315
13 years$24,751$21,658$18,904$16,463$14,308$9,508
14 years$22,746$19,687$16,986$14,614$12,542$8,026
15 years$21,011$17,984$15,336$13,033$11,043$6,799
16 years$19,494$16,500$13,904$11,670$9,760$5,777
17 years$18,156$15,196$12,652$10,485$8,654$4,922
18 years$16,969$14,042$11,550$9,449$7,694$4,202
19 years$15,908$13,014$10,573$8,538$6,858$3,593
20 years$14,954$12,093$9,704$7,733$6,126$3,078
21 years$14,092$11,264$8,925$7,018$5,482$2,640
22 years$13,310$10,515$8,226$6,381$4,914$2,266
23 years$12,597$9,834$7,595$5,811$4,411$1,948
24 years$11,944$9,214$7,024$5,300$3,965$1,675
25 years$11,344$8,647$6,506$4,841$3,568$1,442
26 years$10,791$8,127$6,034$4,426$3,214$1,242
27 years$10,280$7,648$5,603$4,051$2,897$1,070
28 years$9,807$7,207$5,209$3,712$2,614$922
29 years$9,367$6,799$4,847$3,404$2,361$795
30 years$8,956$6,421$4,515$3,124$2,133$686
31 years$8,574$6,070$4,209$2,869$1,928$592
32 years$8,216$5,743$3,927$2,637$1,744$511
33 years$7,880$5,439$3,667$2,425$1,579$441
34 years$7,564$5,155$3,426$2,231$1,429$381
35 years$7,268$4,889$3,203$2,054$1,295$329
36 years$6,988$4,641$2,997$1,891$1,173$284
37 years$6,724$4,408$2,805$1,743$1,063$245
38 years$6,475$4,189$2,627$1,606$964$212
39 years$6,239$3,983$2,461$1,481$874$183
40 years$6,015$3,790$2,306$1,366$793$158
41 years$5,803$3,607$2,163$1,260$719$137
42 years$5,602$3,436$2,029$1,163$653$118
43 years$5,410$3,273$1,904$1,074$592$102
44 years$5,228$3,120$1,787$991$538$88
45 years$5,054$2,975$1,678$916$488$76
46 years$4,888$2,838$1,576$846$443$66
47 years$4,730$2,709$1,481$781$402$57
48 years$4,579$2,586$1,391$722$365$49
49 years$4,434$2,469$1,308$667$332$42
50 years$4,296$2,359$1,229$617$301$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,400,000, adding $5,524 every year, while hoping to spend $28,380 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: 74/14/12 Blend
53$4,400,000$4,400,000$4,400,000$4,400,000
54$4,854,498$4,621,298$4,553,098$5,201,613
55$5,319,461$4,817,546$4,675,431$5,627,873
56$5,830,898$5,022,458$4,800,910$6,090,678
57$6,393,522$5,236,430$4,929,612$6,596,956
58$7,012,520$5,459,875$5,061,614$7,151,011
59$7,693,613$5,693,224$5,196,994$7,757,578
60$8,443,100$5,936,931$5,335,832$8,421,872
61$9,267,925$6,191,469$5,478,210$9,149,635
62$10,175,735$6,457,333$5,624,213$9,947,187
63$11,174,961$6,735,043$5,773,924$10,821,490
64$12,274,889$7,025,141$5,927,432$11,780,206
65$13,485,751$7,328,197$6,084,825$12,831,775
66$14,818,825$7,644,806$6,246,194$13,985,493
67$16,286,534$7,975,591$6,411,631$15,251,592
68$17,902,570$8,321,204$6,581,229$16,641,346
69$19,682,018$8,682,328$6,755,086$18,167,170
70$21,641,501$9,059,680$6,933,299$19,842,736
71$23,799,336$9,454,007$7,115,967$21,683,104
72$26,175,709$9,866,093$7,303,192$23,704,862
73$28,792,860$10,296,761$7,495,078$25,926,281
74$31,675,298$10,746,868$7,691,730$28,367,487
75$34,850,031$11,217,317$7,893,254$31,050,648
76$38,346,817$11,709,049$8,099,762$34,000,187
77$42,198,451$12,223,051$8,311,362$37,243,004
78$46,441,070$12,760,357$8,528,170$40,808,735
79$51,114,495$13,322,050$8,750,299$44,730,026
80$56,262,607$13,909,264$8,977,868$49,042,843
81$61,933,761$14,523,187$9,210,995$53,786,807
82$68,181,242$15,165,061$9,449,801$59,005,569
83$75,063,769$15,836,189$9,694,410$64,747,220
84$82,646,047$16,537,936$9,944,946$71,064,742
85$90,999,380$17,271,730$10,201,537$78,016,507
86$100,202,340$18,039,068$10,464,312$85,666,826
87$110,341,515$18,841,519$10,733,402$94,086,556
88$121,512,319$19,680,723$11,008,941$103,353,763
89$133,819,898$20,558,401$11,291,064$113,554,461
90$147,380,120$21,476,355$11,579,907$124,783,419
91$162,320,669$22,436,473$11,875,610$137,145,057
92$178,782,248$23,440,731$12,178,314$150,754,423
93$196,919,912$24,491,201$12,488,162$165,738,284
94$216,904,527$25,590,054$12,805,299$182,236,313
95$238,924,384$26,739,562$13,129,872$200,402,412
96$263,186,977$27,942,107$13,462,029$220,406,155
97$289,920,963$29,200,184$13,801,921$242,434,394
98$319,378,316$30,516,408$14,149,700$266,693,011
99$351,836,710$31,893,518$14,505,521$293,408,864
100$387,602,137$33,334,383$14,869,538$322,831,927