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%17.6%
1 years$371,606$368,296$365,066$361,914$358,836$347,768
2 years$183,963$180,537$177,217$173,997$170,874$159,820
3 years$121,424$117,983$114,671$111,482$108,410$97,716
4 years$90,160$86,730$83,451$80,316$77,319$67,067
5 years$71,407$67,997$64,761$61,691$58,776$48,995
6 years$58,909$55,525$52,337$49,334$46,508$37,205
7 years$49,985$46,630$43,492$40,561$37,823$28,999
8 years$43,296$39,970$36,885$34,025$31,378$23,026
9 years$38,095$34,801$31,769$28,982$26,425$18,537
10 years$33,937$30,676$27,697$24,983$22,515$15,079
11 years$30,538$27,309$24,384$21,742$19,364$12,366
12 years$27,707$24,511$21,640$19,071$16,780$10,207
13 years$25,313$22,151$19,334$16,837$14,633$8,468
14 years$23,263$20,134$17,372$14,946$12,827$7,055
15 years$21,488$18,393$15,684$13,329$11,294$5,897
16 years$19,937$16,875$14,220$11,935$9,982$4,943
17 years$18,569$15,542$12,940$10,723$8,850$4,153
18 years$17,355$14,361$11,812$9,664$7,869$3,496
19 years$16,270$13,310$10,814$8,732$7,014$2,948
20 years$15,294$12,368$9,924$7,909$6,265$2,489
21 years$14,413$11,520$9,128$7,178$5,607$2,103
22 years$13,612$10,754$8,413$6,526$5,026$1,779
23 years$12,883$10,058$7,768$5,943$4,511$1,507
24 years$12,215$9,424$7,184$5,421$4,055$1,276
25 years$11,602$8,844$6,654$4,951$3,649$1,082
26 years$11,036$8,311$6,171$4,527$3,287$918
27 years$10,514$7,822$5,731$4,143$2,963$779
28 years$10,030$7,371$5,327$3,796$2,674$661
29 years$9,579$6,953$4,957$3,481$2,414$561
30 years$9,160$6,567$4,618$3,195$2,181$476
31 years$8,769$6,208$4,305$2,934$1,972$405
32 years$8,402$5,874$4,017$2,697$1,784$344
33 years$8,059$5,563$3,750$2,480$1,615$292
34 years$7,736$5,272$3,504$2,282$1,462$248
35 years$7,433$5,000$3,276$2,100$1,324$211
36 years$7,147$4,746$3,065$1,934$1,200$179
37 years$6,877$4,508$2,868$1,782$1,087$152
38 years$6,622$4,284$2,686$1,643$986$129
39 years$6,381$4,074$2,517$1,515$894$110
40 years$6,152$3,876$2,359$1,397$811$94
41 years$5,935$3,689$2,212$1,289$736$80
42 years$5,729$3,514$2,075$1,190$667$68
43 years$5,533$3,348$1,947$1,098$606$58
44 years$5,347$3,191$1,828$1,014$550$49
45 years$5,169$3,043$1,716$936$499$42
46 years$4,999$2,903$1,612$865$453$35
47 years$4,838$2,770$1,514$799$412$30
48 years$4,683$2,645$1,423$738$374$26
49 years$4,535$2,525$1,337$682$339$22
50 years$4,394$2,412$1,257$631$308$18

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 $4,780 every year, while hoping to spend $56,735 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: 51/21/28 Blend
53$4,500,000$4,500,000$4,500,000$4,500,000
54$4,963,931$4,725,431$4,655,681$5,177,701
55$5,409,886$4,896,611$4,751,280$5,498,392
56$5,899,427$5,074,278$4,848,181$5,840,839
57$6,436,940$5,258,689$4,946,367$6,212,110
58$7,027,256$5,450,113$5,045,818$6,614,972
59$7,675,698$5,648,830$5,146,514$7,052,474
60$8,388,128$5,855,131$5,248,431$7,527,967
61$9,171,005$6,069,321$5,351,542$8,045,141
62$10,031,445$6,291,715$5,455,816$8,608,056
63$10,977,288$6,522,645$5,561,221$9,221,181
64$12,017,169$6,762,452$5,667,721$9,889,436
65$13,160,605$7,011,497$5,775,274$10,618,236
66$14,418,078$7,270,152$5,883,837$11,413,542
67$15,801,139$7,538,806$5,993,362$12,281,918
68$17,322,513$7,817,866$6,103,798$13,230,590
69$18,996,222$8,107,753$6,215,087$14,267,516
70$20,837,714$8,408,910$6,327,170$15,401,458
71$22,864,009$8,721,796$6,439,979$16,642,064
72$25,093,864$9,046,890$6,553,444$17,999,960
73$27,547,942$9,384,691$6,667,488$19,486,849
74$30,249,013$9,735,722$6,782,030$21,115,618
75$33,222,166$10,100,526$6,896,981$22,900,462
76$36,495,044$10,479,669$7,012,247$24,857,015
77$40,098,109$10,873,743$7,127,728$27,002,500
78$44,064,924$11,283,364$7,243,315$29,355,883
79$48,432,474$11,709,177$7,358,894$31,938,060
80$53,241,511$12,151,851$7,474,342$34,772,047
81$58,536,941$12,612,088$7,589,528$37,883,199
82$64,368,246$13,090,617$7,704,314$41,299,446
83$70,789,951$13,588,201$7,818,553$45,051,559
84$77,862,139$14,105,636$7,932,087$49,173,435
85$85,651,015$14,643,750$8,044,750$53,702,418
86$94,229,536$15,203,411$8,156,366$58,679,651
87$103,678,092$15,785,522$8,266,748$64,150,460
88$114,085,271$16,391,026$8,375,697$70,164,785
89$125,548,691$17,020,908$8,483,005$76,777,645
90$138,175,921$17,676,196$8,588,450$84,049,659
91$152,085,498$18,357,963$8,691,796$92,047,617
92$167,408,045$19,067,330$8,792,798$100,845,105
93$184,287,501$19,805,464$8,891,192$110,523,203
94$202,882,483$20,573,588$8,986,703$121,171,247
95$223,367,778$21,372,977$9,079,040$132,887,667
96$245,936,000$22,204,961$9,167,896$145,780,921
97$270,799,398$23,070,930$9,252,947$159,970,511
98$298,191,867$23,972,336$9,333,851$175,588,111
99$328,371,153$24,910,696$9,410,250$192,778,810
100$361,621,283$25,887,592$9,481,766$211,702,477