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%13.3%
1 years$379,864$376,480$373,179$369,957$366,810$361,777
2 years$188,051$184,549$181,155$177,864$174,672$169,610
3 years$124,122$120,605$117,219$113,959$110,819$105,885
4 years$92,164$88,657$85,306$82,101$79,037$74,270
5 years$72,994$69,508$66,201$63,062$60,083$55,496
6 years$60,218$56,759$53,500$50,431$47,541$43,141
7 years$51,096$47,666$44,459$41,462$38,664$34,451
8 years$44,258$40,859$37,704$34,781$32,075$28,049
9 years$38,942$35,575$32,475$29,626$27,012$23,171
10 years$34,692$31,357$28,312$25,538$23,016$19,357
11 years$31,216$27,916$24,926$22,226$19,794$16,314
12 years$28,322$25,056$22,121$19,495$17,153$13,848
13 years$25,876$22,643$19,764$17,211$14,958$11,823
14 years$23,780$20,582$17,758$15,278$13,112$10,142
15 years$21,966$18,802$16,033$13,625$11,545$8,736
16 years$20,380$17,250$14,536$12,200$10,203$7,549
17 years$18,982$15,887$13,227$10,962$9,047$6,543
18 years$17,740$14,680$12,075$9,879$8,044$5,684
19 years$16,631$13,605$11,054$8,926$7,170$4,948
20 years$15,634$12,643$10,145$8,084$6,404$4,315
21 years$14,733$11,776$9,331$7,337$5,731$3,769
22 years$13,915$10,993$8,600$6,671$5,137$3,296
23 years$13,169$10,281$7,941$6,075$4,611$2,886
24 years$12,487$9,633$7,344$5,541$4,145$2,529
25 years$11,860$9,040$6,802$5,061$3,730$2,219
26 years$11,282$8,496$6,308$4,627$3,360$1,948
27 years$10,748$7,996$5,858$4,235$3,029$1,711
28 years$10,252$7,534$5,446$3,880$2,733$1,504
29 years$9,792$7,108$5,068$3,558$2,468$1,323
30 years$9,364$6,713$4,720$3,266$2,230$1,164
31 years$8,963$6,346$4,401$2,999$2,016$1,024
32 years$8,589$6,004$4,106$2,756$1,824$902
33 years$8,238$5,686$3,834$2,535$1,650$794
34 years$7,908$5,389$3,582$2,332$1,494$699
35 years$7,598$5,112$3,349$2,147$1,353$616
36 years$7,306$4,852$3,133$1,977$1,226$543
37 years$7,030$4,608$2,932$1,822$1,111$479
38 years$6,769$4,379$2,746$1,679$1,008$422
39 years$6,523$4,164$2,573$1,548$914$372
40 years$6,289$3,962$2,411$1,428$829$328
41 years$6,067$3,771$2,261$1,318$752$289
42 years$5,856$3,592$2,121$1,216$682$255
43 years$5,656$3,422$1,990$1,122$619$225
44 years$5,465$3,262$1,868$1,036$562$199
45 years$5,284$3,111$1,754$957$510$175
46 years$5,110$2,967$1,648$884$463$155
47 years$4,945$2,832$1,548$817$421$136
48 years$4,787$2,703$1,455$755$382$120
49 years$4,636$2,582$1,367$698$347$106
50 years$4,491$2,466$1,285$645$315$94

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 $3,541 every year, while hoping to spend $25,021 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: 75/17/8 Blend
53$4,600,000$4,600,000$4,600,000$4,600,000
54$5,072,853$4,829,053$4,757,753$5,446,929
55$5,563,661$5,039,054$4,890,515$5,903,658
56$6,103,694$5,258,507$5,026,887$6,400,479
57$6,697,945$5,487,848$5,166,962$6,944,183
58$7,351,917$5,727,534$5,310,837$7,539,408
59$8,071,675$5,978,045$5,458,611$8,191,259
60$8,863,898$6,239,882$5,610,387$8,905,357
61$9,735,948$6,513,569$5,766,268$9,687,887
62$10,695,938$6,799,657$5,926,361$10,545,662
63$11,752,804$7,098,721$6,090,775$11,486,179
64$12,916,397$7,411,364$6,259,622$12,517,696
65$14,197,567$7,738,219$6,433,017$13,649,304
66$15,608,273$8,079,946$6,611,077$14,891,015
67$17,161,691$8,437,237$6,793,923$16,253,852
68$18,872,341$8,810,820$6,981,677$17,749,955
69$20,756,223$9,201,453$7,174,466$19,392,695
70$22,830,966$9,609,932$7,372,419$21,196,794
71$25,115,997$10,037,092$7,575,668$23,178,469
72$27,632,724$10,483,805$7,784,348$25,355,581
73$30,404,737$10,950,986$7,998,598$27,747,800
74$33,458,029$11,439,593$8,218,561$30,376,794
75$36,821,246$11,950,631$8,444,380$33,266,429
76$40,525,951$12,485,150$8,676,205$36,442,992
77$44,606,928$13,044,252$8,914,187$39,935,441
78$49,102,505$13,629,091$9,158,483$43,775,674
79$54,054,919$14,240,875$9,409,251$47,998,827
80$59,510,715$14,880,872$9,666,655$52,643,610
81$65,521,181$15,550,408$9,930,861$57,752,662
82$72,142,836$16,250,872$10,202,040$63,372,959
83$79,437,963$16,983,722$10,480,365$69,556,252
84$87,475,194$17,750,484$10,766,016$76,359,552
85$96,330,161$18,552,755$11,059,175$83,845,671
86$106,086,209$19,392,211$11,360,029$92,083,805
87$116,835,180$20,270,607$11,668,768$101,150,192
88$128,678,283$21,189,782$11,985,587$111,128,827
89$141,727,050$22,151,663$12,310,686$122,112,248
90$156,104,384$23,158,270$12,644,268$134,202,413
91$171,945,722$24,211,716$12,986,543$147,511,658
92$189,400,317$25,314,221$13,337,722$162,163,749
93$208,632,637$26,468,106$13,698,024$178,295,055
94$229,823,930$27,675,807$14,067,672$196,055,829
95$253,173,923$28,939,874$14,446,891$215,611,619
96$278,902,716$30,262,980$14,835,915$237,144,834
97$307,252,855$31,647,928$15,234,980$260,856,458
98$338,491,623$33,097,654$15,644,329$286,967,945
99$372,913,564$34,615,234$16,064,209$315,723,303
100$410,843,260$36,203,893$16,494,872$347,391,396