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%17.8%
1 years$371,606$368,296$365,066$361,914$358,836$347,489
2 years$183,963$180,537$177,217$173,997$170,874$159,545
3 years$121,424$117,983$114,671$111,482$108,410$97,454
4 years$90,160$86,730$83,451$80,316$77,319$66,820
5 years$71,407$67,997$64,761$61,691$58,776$48,763
6 years$58,909$55,525$52,337$49,334$46,508$36,989
7 years$49,985$46,630$43,492$40,561$37,823$28,797
8 years$43,296$39,970$36,885$34,025$31,378$22,839
9 years$38,095$34,801$31,769$28,982$26,425$18,364
10 years$33,937$30,676$27,697$24,983$22,515$14,919
11 years$30,538$27,309$24,384$21,742$19,364$12,220
12 years$27,707$24,511$21,640$19,071$16,780$10,073
13 years$25,313$22,151$19,334$16,837$14,633$8,345
14 years$23,263$20,134$17,372$14,946$12,827$6,943
15 years$21,488$18,393$15,684$13,329$11,294$5,795
16 years$19,937$16,875$14,220$11,935$9,982$4,851
17 years$18,569$15,542$12,940$10,723$8,850$4,070
18 years$17,355$14,361$11,812$9,664$7,869$3,421
19 years$16,270$13,310$10,814$8,732$7,014$2,880
20 years$15,294$12,368$9,924$7,909$6,265$2,428
21 years$14,413$11,520$9,128$7,178$5,607$2,049
22 years$13,612$10,754$8,413$6,526$5,026$1,730
23 years$12,883$10,058$7,768$5,943$4,511$1,463
24 years$12,215$9,424$7,184$5,421$4,055$1,237
25 years$11,602$8,844$6,654$4,951$3,649$1,047
26 years$11,036$8,311$6,171$4,527$3,287$887
27 years$10,514$7,822$5,731$4,143$2,963$751
28 years$10,030$7,371$5,327$3,796$2,674$636
29 years$9,579$6,953$4,957$3,481$2,414$539
30 years$9,160$6,567$4,618$3,195$2,181$457
31 years$8,769$6,208$4,305$2,934$1,972$388
32 years$8,402$5,874$4,017$2,697$1,784$329
33 years$8,059$5,563$3,750$2,480$1,615$279
34 years$7,736$5,272$3,504$2,282$1,462$237
35 years$7,433$5,000$3,276$2,100$1,324$201
36 years$7,147$4,746$3,065$1,934$1,200$170
37 years$6,877$4,508$2,868$1,782$1,087$145
38 years$6,622$4,284$2,686$1,643$986$123
39 years$6,381$4,074$2,517$1,515$894$104
40 years$6,152$3,876$2,359$1,397$811$88
41 years$5,935$3,689$2,212$1,289$736$75
42 years$5,729$3,514$2,075$1,190$667$64
43 years$5,533$3,348$1,947$1,098$606$54
44 years$5,347$3,191$1,828$1,014$550$46
45 years$5,169$3,043$1,716$936$499$39
46 years$4,999$2,903$1,612$865$453$33
47 years$4,838$2,770$1,514$799$412$28
48 years$4,683$2,645$1,423$738$374$24
49 years$4,535$2,525$1,337$682$339$20
50 years$4,394$2,412$1,257$631$308$17

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 $3,231 every year, while hoping to spend $51,434 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: 59/25/16 Blend
53$4,500,000$4,500,000$4,500,000$4,500,000
54$4,962,333$4,723,833$4,654,083$5,234,575
55$5,413,765$4,900,575$4,755,269$5,595,686
56$5,909,520$5,084,254$4,858,121$5,983,328
57$6,454,064$5,275,155$4,962,641$6,404,865
58$7,052,317$5,473,576$5,068,828$6,863,574
59$7,709,700$5,679,828$5,176,680$7,363,063
60$8,432,184$5,894,235$5,286,194$7,907,297
61$9,226,349$6,117,134$5,397,364$8,500,642
62$10,099,442$6,348,879$5,510,181$9,147,902
63$11,059,449$6,589,838$5,624,636$9,854,363
64$12,115,167$6,840,395$5,740,715$10,625,845
65$13,276,290$7,100,949$5,858,405$11,468,753
66$14,553,496$7,371,921$5,977,686$12,390,136
67$15,958,553$7,653,745$6,098,539$13,397,757
68$17,504,424$7,946,878$6,220,939$14,500,161
69$19,205,395$8,251,794$6,344,860$15,706,754
70$21,077,203$8,568,990$6,470,271$17,027,896
71$23,137,191$8,898,984$6,597,138$18,474,992
72$25,404,466$9,242,315$6,725,424$20,060,601
73$27,900,082$9,599,550$6,855,086$21,798,554
74$30,647,239$9,971,276$6,986,080$23,704,081
75$33,671,498$10,358,110$7,118,355$25,793,956
76$37,001,027$10,760,692$7,251,855$28,086,651
77$40,666,860$11,179,695$7,386,521$30,602,512
78$44,703,199$11,615,819$7,522,288$33,363,948
79$49,147,726$12,069,795$7,659,085$36,395,640
80$54,041,965$12,542,386$7,796,837$39,724,774
81$59,431,675$13,034,392$7,935,459$43,381,298
82$65,367,273$13,546,645$8,074,865$47,398,196
83$71,904,320$14,080,016$8,214,958$51,811,805
84$79,104,038$14,635,413$8,355,636$56,662,153
85$87,033,889$15,213,788$8,496,789$61,993,333
86$95,768,214$15,816,132$8,638,300$67,853,922
87$105,388,932$16,443,483$8,780,043$74,297,432
88$115,986,313$17,096,923$8,921,884$81,382,818
89$127,659,829$17,777,584$9,063,679$89,175,029
90$140,519,095$18,486,650$9,205,277$97,745,618
91$154,684,902$19,225,355$9,346,513$107,173,420
92$170,290,357$19,994,992$9,487,216$117,545,289
93$187,482,138$20,796,911$9,627,202$128,956,914
94$206,421,878$21,632,522$9,766,275$141,513,726
95$227,287,693$22,503,299$9,904,229$155,331,885
96$250,275,862$23,410,785$10,040,845$170,539,375
97$275,602,675$24,356,589$10,175,888$187,277,209
98$303,506,482$25,342,395$10,309,115$205,700,757
99$334,249,935$26,369,965$10,440,262$225,981,211
100$368,122,473$27,441,138$10,569,056$248,307,195