Can I retire at age 54 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$379,864$376,480$373,179$369,957$366,810$361,478
2 years$188,051$184,549$181,155$177,864$174,672$169,311
3 years$124,122$120,605$117,219$113,959$110,819$105,596
4 years$92,164$88,657$85,306$82,101$79,037$73,992
5 years$72,994$69,508$66,201$63,062$60,083$55,231
6 years$60,218$56,759$53,500$50,431$47,541$42,888
7 years$51,096$47,666$44,459$41,462$38,664$34,211
8 years$44,258$40,859$37,704$34,781$32,075$27,822
9 years$38,942$35,575$32,475$29,626$27,012$22,956
10 years$34,692$31,357$28,312$25,538$23,016$19,154
11 years$31,216$27,916$24,926$22,226$19,794$16,123
12 years$28,322$25,056$22,121$19,495$17,153$13,668
13 years$25,876$22,643$19,764$17,211$14,958$11,654
14 years$23,780$20,582$17,758$15,278$13,112$9,984
15 years$21,966$18,802$16,033$13,625$11,545$8,588
16 years$20,380$17,250$14,536$12,200$10,203$7,411
17 years$18,982$15,887$13,227$10,962$9,047$6,414
18 years$17,740$14,680$12,075$9,879$8,044$5,564
19 years$16,631$13,605$11,054$8,926$7,170$4,837
20 years$15,634$12,643$10,145$8,084$6,404$4,212
21 years$14,733$11,776$9,331$7,337$5,731$3,673
22 years$13,915$10,993$8,600$6,671$5,137$3,207
23 years$13,169$10,281$7,941$6,075$4,611$2,804
24 years$12,487$9,633$7,344$5,541$4,145$2,454
25 years$11,860$9,040$6,802$5,061$3,730$2,149
26 years$11,282$8,496$6,308$4,627$3,360$1,884
27 years$10,748$7,996$5,858$4,235$3,029$1,652
28 years$10,252$7,534$5,446$3,880$2,733$1,450
29 years$9,792$7,108$5,068$3,558$2,468$1,273
30 years$9,364$6,713$4,720$3,266$2,230$1,118
31 years$8,963$6,346$4,401$2,999$2,016$982
32 years$8,589$6,004$4,106$2,756$1,824$863
33 years$8,238$5,686$3,834$2,535$1,650$759
34 years$7,908$5,389$3,582$2,332$1,494$668
35 years$7,598$5,112$3,349$2,147$1,353$587
36 years$7,306$4,852$3,133$1,977$1,226$517
37 years$7,030$4,608$2,932$1,822$1,111$455
38 years$6,769$4,379$2,746$1,679$1,008$400
39 years$6,523$4,164$2,573$1,548$914$352
40 years$6,289$3,962$2,411$1,428$829$310
41 years$6,067$3,771$2,261$1,318$752$273
42 years$5,856$3,592$2,121$1,216$682$240
43 years$5,656$3,422$1,990$1,122$619$212
44 years$5,465$3,262$1,868$1,036$562$186
45 years$5,284$3,111$1,754$957$510$164
46 years$5,110$2,967$1,648$884$463$145
47 years$4,945$2,832$1,548$817$421$127
48 years$4,787$2,703$1,455$755$382$112
49 years$4,636$2,582$1,367$698$347$99
50 years$4,491$2,466$1,285$645$315$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,600,000, adding $3,525 every year, while hoping to spend $21,314 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: 56/20/24 Blend
53$4,600,000$4,600,000$4,600,000$4,600,000
54$5,072,836$4,829,036$4,757,736$5,323,517
55$5,567,587$5,042,981$4,894,442$5,709,604
56$6,112,089$5,266,695$5,035,014$6,127,483
57$6,711,393$5,500,634$5,179,558$6,582,314
58$7,371,066$5,745,275$5,328,184$7,077,659
59$8,097,241$6,001,121$5,481,005$7,617,437
60$8,896,678$6,268,694$5,638,136$8,205,958
61$9,776,823$6,548,544$5,799,698$8,847,962
62$10,745,882$6,841,246$5,965,811$9,548,664
63$11,812,898$7,147,402$6,136,602$10,313,802
64$12,987,834$7,467,646$6,312,198$11,149,689
65$14,281,669$7,802,636$6,492,733$12,063,272
66$15,706,502$8,153,067$6,678,341$13,062,197
67$17,275,662$8,519,665$6,869,163$14,154,876
68$19,003,840$8,903,189$7,065,340$15,350,570
69$20,907,223$9,304,437$7,267,021$16,659,472
70$23,003,649$9,724,243$7,474,355$18,092,804
71$25,312,772$10,163,482$7,687,497$19,662,915
72$27,856,253$10,623,071$7,906,606$21,383,406
73$30,657,958$11,103,969$8,131,845$23,269,246
74$33,744,189$11,607,183$8,363,381$25,336,919
75$37,143,928$12,133,766$8,601,386$27,604,574
76$40,889,112$12,684,824$8,846,035$30,092,196
77$45,014,935$13,261,513$9,097,511$32,821,792
78$49,560,178$13,865,047$9,355,997$35,817,594
79$54,567,578$14,496,696$9,621,685$39,106,292
80$60,084,229$15,157,793$9,894,769$42,717,274
81$66,162,027$15,849,731$10,175,451$46,682,910
82$72,858,161$16,573,975$10,463,936$51,038,850
83$80,235,650$17,332,057$10,760,434$55,824,359
84$88,363,941$18,125,582$11,065,163$61,082,684
85$97,319,561$18,956,234$11,378,345$66,861,460
86$107,186,844$19,825,776$11,700,206$73,213,158
87$118,058,720$20,736,058$12,030,982$80,195,573
88$130,037,601$21,689,016$12,370,911$87,872,371
89$143,236,340$22,686,682$12,720,240$96,313,684
90$157,779,300$23,731,182$13,079,221$105,596,767
91$173,803,526$24,824,748$13,448,113$115,806,726
92$191,460,042$25,969,717$13,827,181$127,037,317
93$210,915,272$27,168,538$14,216,697$139,391,826
94$232,352,614$28,423,781$14,616,941$152,984,038
95$255,974,170$29,738,136$15,028,198$167,939,313
96$282,002,655$31,114,424$15,450,763$184,395,755
97$310,683,498$32,555,603$15,884,935$202,505,519
98$342,287,159$34,064,772$16,331,025$222,436,239
99$377,111,683$35,645,179$16,789,347$244,372,604
100$415,485,512$37,300,230$17,260,228$268,518,098