Can I retire at age 54 with 4,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$371,606$368,296$365,066$361,914$358,836$353,766
2 years$183,963$180,537$177,217$173,997$170,874$165,776
3 years$121,424$117,983$114,671$111,482$108,410$103,442
4 years$90,160$86,730$83,451$80,316$77,319$72,519
5 years$71,407$67,997$64,761$61,691$58,776$54,160
6 years$58,909$55,525$52,337$49,334$46,508$42,079
7 years$49,985$46,630$43,492$40,561$37,823$33,584
8 years$43,296$39,970$36,885$34,025$31,378$27,328
9 years$38,095$34,801$31,769$28,982$26,425$22,562
10 years$33,937$30,676$27,697$24,983$22,515$18,836
11 years$30,538$27,309$24,384$21,742$19,364$15,866
12 years$27,707$24,511$21,640$19,071$16,780$13,459
13 years$25,313$22,151$19,334$16,837$14,633$11,483
14 years$23,263$20,134$17,372$14,946$12,827$9,844
15 years$21,488$18,393$15,684$13,329$11,294$8,473
16 years$19,937$16,875$14,220$11,935$9,982$7,317
17 years$18,569$15,542$12,940$10,723$8,850$6,337
18 years$17,355$14,361$11,812$9,664$7,869$5,501
19 years$16,270$13,310$10,814$8,732$7,014$4,786
20 years$15,294$12,368$9,924$7,909$6,265$4,170
21 years$14,413$11,520$9,128$7,178$5,607$3,640
22 years$13,612$10,754$8,413$6,526$5,026$3,181
23 years$12,883$10,058$7,768$5,943$4,511$2,783
24 years$12,215$9,424$7,184$5,421$4,055$2,437
25 years$11,602$8,844$6,654$4,951$3,649$2,136
26 years$11,036$8,311$6,171$4,527$3,287$1,874
27 years$10,514$7,822$5,731$4,143$2,963$1,645
28 years$10,030$7,371$5,327$3,796$2,674$1,444
29 years$9,579$6,953$4,957$3,481$2,414$1,269
30 years$9,160$6,567$4,618$3,195$2,181$1,116
31 years$8,769$6,208$4,305$2,934$1,972$981
32 years$8,402$5,874$4,017$2,697$1,784$863
33 years$8,059$5,563$3,750$2,480$1,615$759
34 years$7,736$5,272$3,504$2,282$1,462$668
35 years$7,433$5,000$3,276$2,100$1,324$588
36 years$7,147$4,746$3,065$1,934$1,200$518
37 years$6,877$4,508$2,868$1,782$1,087$456
38 years$6,622$4,284$2,686$1,643$986$402
39 years$6,381$4,074$2,517$1,515$894$354
40 years$6,152$3,876$2,359$1,397$811$312
41 years$5,935$3,689$2,212$1,289$736$275
42 years$5,729$3,514$2,075$1,190$667$242
43 years$5,533$3,348$1,947$1,098$606$214
44 years$5,347$3,191$1,828$1,014$550$188
45 years$5,169$3,043$1,716$936$499$166
46 years$4,999$2,903$1,612$865$453$146
47 years$4,838$2,770$1,514$799$412$129
48 years$4,683$2,645$1,423$738$374$114
49 years$4,535$2,525$1,337$682$339$100
50 years$4,394$2,412$1,257$631$308$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,500,000, adding $6,374 every year, while hoping to spend $27,857 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: 35/36/29 Blend
53$4,500,000$4,500,000$4,500,000$4,500,000
54$4,965,575$4,727,075$4,657,325$5,095,810
55$5,442,424$4,929,062$4,783,706$5,396,171
56$5,966,978$5,140,013$4,913,386$5,717,081
57$6,544,073$5,360,337$5,046,448$6,062,811
58$7,179,039$5,590,464$5,182,975$6,435,604
59$7,877,746$5,830,842$5,323,050$6,837,920
60$8,646,665$6,081,942$5,466,761$7,272,456
61$9,492,923$6,344,255$5,614,196$7,742,175
62$10,424,375$6,618,298$5,765,445$8,250,328
63$11,449,675$6,904,608$5,920,601$8,800,484
64$12,578,359$7,203,751$6,079,758$9,396,563
65$13,820,935$7,516,317$6,243,013$10,042,870
66$15,188,980$7,842,927$6,410,464$10,744,133
67$16,695,252$8,184,227$6,582,211$11,505,549
68$18,353,810$8,540,896$6,758,357$12,332,826
69$20,180,143$8,913,644$6,939,007$13,232,239
70$22,191,321$9,303,216$7,124,267$14,210,685
71$24,406,153$9,710,390$7,314,246$15,275,744
72$26,845,363$10,135,983$7,509,057$16,435,752
73$29,531,792$10,580,847$7,708,811$17,699,876
74$32,490,604$11,045,878$7,913,626$19,078,193
75$35,749,532$11,532,013$8,123,619$20,581,790
76$39,339,135$12,040,232$8,338,911$22,222,859
77$43,293,087$12,571,563$8,559,624$24,014,814
78$47,648,494$13,127,082$8,785,884$25,972,411
79$52,446,248$13,707,916$9,017,818$28,111,885
80$57,731,407$14,315,246$9,255,557$30,451,101
81$63,553,625$14,950,308$9,499,233$33,009,716
82$69,967,618$15,614,396$9,748,981$35,809,364
83$77,033,681$16,308,868$10,004,938$38,873,856
84$84,818,258$17,035,144$10,267,245$42,229,395
85$93,394,567$17,794,713$10,536,044$45,904,829
86$102,843,292$18,589,133$10,811,480$49,931,909
87$113,253,345$19,420,037$11,093,702$54,345,589
88$124,722,705$20,289,137$11,382,859$59,184,352
89$137,359,341$21,198,225$11,679,105$64,490,563
90$151,282,233$22,149,178$11,982,595$70,310,870
91$166,622,497$23,143,964$12,293,488$76,696,634
92$183,524,616$24,184,642$12,611,944$83,704,409
93$202,147,809$25,273,373$12,938,127$91,396,471
94$222,667,535$26,412,417$13,272,203$99,841,396
95$245,277,143$27,604,144$13,614,341$109,114,707
96$270,189,702$28,851,039$13,964,713$119,299,574
97$297,640,013$30,155,701$14,323,492$130,487,593
98$327,886,821$31,520,857$14,690,856$142,779,645
99$361,215,261$32,949,363$15,066,983$156,286,840
100$397,939,547$34,444,211$15,452,056$171,131,554