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

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$371,606$368,296$365,066$361,914$358,836$346,518
2 years$183,963$180,537$177,217$173,997$170,874$158,590
3 years$121,424$117,983$114,671$111,482$108,410$96,544
4 years$90,160$86,730$83,451$80,316$77,319$65,963
5 years$71,407$67,997$64,761$61,691$58,776$47,960
6 years$58,909$55,525$52,337$49,334$46,508$36,240
7 years$49,985$46,630$43,492$40,561$37,823$28,102
8 years$43,296$39,970$36,885$34,025$31,378$22,196
9 years$38,095$34,801$31,769$28,982$26,425$17,770
10 years$33,937$30,676$27,697$24,983$22,515$14,374
11 years$30,538$27,309$24,384$21,742$19,364$11,720
12 years$27,707$24,511$21,640$19,071$16,780$9,616
13 years$25,313$22,151$19,334$16,837$14,633$7,929
14 years$23,263$20,134$17,372$14,946$12,827$6,564
15 years$21,488$18,393$15,684$13,329$11,294$5,452
16 years$19,937$16,875$14,220$11,935$9,982$4,541
17 years$18,569$15,542$12,940$10,723$8,850$3,790
18 years$17,355$14,361$11,812$9,664$7,869$3,169
19 years$16,270$13,310$10,814$8,732$7,014$2,654
20 years$15,294$12,368$9,924$7,909$6,265$2,225
21 years$14,413$11,520$9,128$7,178$5,607$1,868
22 years$13,612$10,754$8,413$6,526$5,026$1,569
23 years$12,883$10,058$7,768$5,943$4,511$1,319
24 years$12,215$9,424$7,184$5,421$4,055$1,109
25 years$11,602$8,844$6,654$4,951$3,649$934
26 years$11,036$8,311$6,171$4,527$3,287$786
27 years$10,514$7,822$5,731$4,143$2,963$662
28 years$10,030$7,371$5,327$3,796$2,674$558
29 years$9,579$6,953$4,957$3,481$2,414$470
30 years$9,160$6,567$4,618$3,195$2,181$396
31 years$8,769$6,208$4,305$2,934$1,972$334
32 years$8,402$5,874$4,017$2,697$1,784$282
33 years$8,059$5,563$3,750$2,480$1,615$238
34 years$7,736$5,272$3,504$2,282$1,462$200
35 years$7,433$5,000$3,276$2,100$1,324$169
36 years$7,147$4,746$3,065$1,934$1,200$143
37 years$6,877$4,508$2,868$1,782$1,087$120
38 years$6,622$4,284$2,686$1,643$986$101
39 years$6,381$4,074$2,517$1,515$894$86
40 years$6,152$3,876$2,359$1,397$811$72
41 years$5,935$3,689$2,212$1,289$736$61
42 years$5,729$3,514$2,075$1,190$667$51
43 years$5,533$3,348$1,947$1,098$606$43
44 years$5,347$3,191$1,828$1,014$550$37
45 years$5,169$3,043$1,716$936$499$31
46 years$4,999$2,903$1,612$865$453$26
47 years$4,838$2,770$1,514$799$412$22
48 years$4,683$2,645$1,423$738$374$19
49 years$4,535$2,525$1,337$682$339$16
50 years$4,394$2,412$1,257$631$308$13

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 $3,054 every year, while hoping to spend $45,086 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: 31/39/30 Blend
53$4,500,000$4,500,000$4,500,000$4,500,000
54$4,962,150$4,723,650$4,653,900$5,070,413
55$5,420,318$4,907,138$4,761,835$5,338,571
56$5,923,709$5,098,105$4,871,874$5,622,875
57$6,476,886$5,296,872$4,984,041$5,928,041
58$7,084,880$5,503,770$5,098,357$6,255,929
59$7,753,230$5,719,147$5,214,845$6,608,582
60$8,488,042$5,943,368$5,333,525$6,988,240
61$9,296,040$6,176,810$5,454,415$7,397,361
62$10,184,633$6,419,871$5,577,536$7,838,646
63$11,161,986$6,672,965$5,702,903$8,315,056
64$12,237,092$6,936,524$5,830,534$8,829,848
65$13,419,861$7,210,999$5,960,442$9,386,596
66$14,721,212$7,496,863$6,092,642$9,989,227
67$16,153,175$7,794,609$6,227,146$10,642,057
68$17,729,006$8,104,752$6,363,962$11,349,828
69$19,463,311$8,427,831$6,503,101$12,117,754
70$21,372,181$8,764,408$6,644,568$12,951,563
71$23,473,351$9,115,071$6,788,368$13,857,555
72$25,786,358$9,480,434$6,934,503$14,842,659
73$28,332,731$9,861,140$7,082,974$15,914,490
74$31,136,193$10,257,860$7,233,777$17,081,428
75$34,222,885$10,671,295$7,386,909$18,352,688
76$37,621,610$11,102,179$7,542,361$19,738,408
77$41,364,106$11,551,278$7,700,122$21,249,740
78$45,485,347$12,019,393$7,860,178$22,898,956
79$50,023,871$12,507,361$8,022,513$24,699,559
80$55,022,143$13,016,060$8,187,104$26,666,407
81$60,526,958$13,546,403$8,353,929$28,815,854
82$66,589,880$14,099,349$8,522,957$31,165,898
83$73,267,729$14,675,898$8,694,157$33,736,350
84$80,623,117$15,277,097$8,867,492$36,549,015
85$88,725,040$15,904,040$9,042,918$39,627,900
86$97,649,528$16,557,872$9,220,390$42,999,430
87$107,480,362$17,239,789$9,399,854$46,692,702
88$118,309,864$17,951,044$9,581,255$50,739,749
89$130,239,770$18,692,945$9,764,527$55,175,842
90$143,382,189$19,466,862$9,949,601$60,039,818
91$157,860,660$20,274,226$10,136,400$65,374,443
92$173,811,320$21,116,537$10,324,843$71,226,813
93$191,384,188$21,995,359$10,514,838$77,648,788
94$210,744,577$22,912,334$10,706,287$84,697,485
95$232,074,661$23,869,176$10,899,085$92,435,806
96$255,575,189$24,867,678$11,093,116$100,933,031
97$281,467,381$25,909,717$11,288,259$110,265,462
98$309,995,018$26,997,257$11,484,380$120,517,142
99$341,426,740$28,132,352$11,681,336$131,780,640
100$376,058,582$29,317,153$11,878,976$144,157,922