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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$379,864$376,480$373,179$369,957$366,810$362,077
2 years$188,051$184,549$181,155$177,864$174,672$169,909
3 years$124,122$120,605$117,219$113,959$110,819$106,176
4 years$92,164$88,657$85,306$82,101$79,037$74,549
5 years$72,994$69,508$66,201$63,062$60,083$55,763
6 years$60,218$56,759$53,500$50,431$47,541$43,395
7 years$51,096$47,666$44,459$41,462$38,664$34,692
8 years$44,258$40,859$37,704$34,781$32,075$28,278
9 years$38,942$35,575$32,475$29,626$27,012$23,388
10 years$34,692$31,357$28,312$25,538$23,016$19,562
11 years$31,216$27,916$24,926$22,226$19,794$16,507
12 years$28,322$25,056$22,121$19,495$17,153$14,030
13 years$25,876$22,643$19,764$17,211$14,958$11,994
14 years$23,780$20,582$17,758$15,278$13,112$10,303
15 years$21,966$18,802$16,033$13,625$11,545$8,886
16 years$20,380$17,250$14,536$12,200$10,203$7,690
17 years$18,982$15,887$13,227$10,962$9,047$6,674
18 years$17,740$14,680$12,075$9,879$8,044$5,806
19 years$16,631$13,605$11,054$8,926$7,170$5,062
20 years$15,634$12,643$10,145$8,084$6,404$4,421
21 years$14,733$11,776$9,331$7,337$5,731$3,867
22 years$13,915$10,993$8,600$6,671$5,137$3,387
23 years$13,169$10,281$7,941$6,075$4,611$2,970
24 years$12,487$9,633$7,344$5,541$4,145$2,607
25 years$11,860$9,040$6,802$5,061$3,730$2,291
26 years$11,282$8,496$6,308$4,627$3,360$2,014
27 years$10,748$7,996$5,858$4,235$3,029$1,772
28 years$10,252$7,534$5,446$3,880$2,733$1,560
29 years$9,792$7,108$5,068$3,558$2,468$1,374
30 years$9,364$6,713$4,720$3,266$2,230$1,211
31 years$8,963$6,346$4,401$2,999$2,016$1,068
32 years$8,589$6,004$4,106$2,756$1,824$941
33 years$8,238$5,686$3,834$2,535$1,650$831
34 years$7,908$5,389$3,582$2,332$1,494$733
35 years$7,598$5,112$3,349$2,147$1,353$647
36 years$7,306$4,852$3,133$1,977$1,226$571
37 years$7,030$4,608$2,932$1,822$1,111$504
38 years$6,769$4,379$2,746$1,679$1,008$445
39 years$6,523$4,164$2,573$1,548$914$393
40 years$6,289$3,962$2,411$1,428$829$347
41 years$6,067$3,771$2,261$1,318$752$307
42 years$5,856$3,592$2,121$1,216$682$271
43 years$5,656$3,422$1,990$1,122$619$240
44 years$5,465$3,262$1,868$1,036$562$212
45 years$5,284$3,111$1,754$957$510$187
46 years$5,110$2,967$1,648$884$463$165
47 years$4,945$2,832$1,548$817$421$146
48 years$4,787$2,703$1,455$755$382$129
49 years$4,636$2,582$1,367$698$347$114
50 years$4,491$2,466$1,285$645$315$101

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 $6,885 every year, while hoping to spend $22,955 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: 65/8/27 Blend
53$4,600,000$4,600,000$4,600,000$4,600,000
54$5,076,302$4,832,502$4,761,202$5,369,725
55$5,569,661$5,044,871$4,896,278$5,781,131
56$6,112,573$5,266,876$5,035,110$6,227,451
57$6,710,068$5,498,966$5,177,800$6,714,794
58$7,367,690$5,741,610$5,324,450$7,247,198
59$8,091,544$5,995,299$5,475,170$7,829,109
60$8,888,361$6,260,548$5,630,067$8,465,421
61$9,765,555$6,537,895$5,789,255$9,161,522
62$10,731,295$6,827,906$5,952,849$9,923,343
63$11,794,586$7,131,172$6,120,968$10,757,416
64$12,965,346$7,448,311$6,293,732$11,670,933
65$14,254,506$7,779,974$6,471,267$12,671,813
66$15,674,112$8,126,838$6,653,701$13,768,775
67$17,237,435$8,489,617$6,841,164$14,971,425
68$18,959,101$8,869,056$7,033,790$16,290,336
69$20,855,225$9,265,936$7,231,719$17,737,159
70$22,943,567$9,681,076$7,435,090$19,324,720
71$25,243,694$10,115,332$7,644,049$21,067,150
72$27,777,171$10,569,603$7,858,744$22,980,012
73$30,567,758$11,044,830$8,079,328$25,080,447
74$33,641,641$11,541,998$8,305,957$27,387,338
75$37,027,674$12,062,141$8,538,792$29,921,485
76$40,757,651$12,606,340$8,777,996$32,705,798
77$44,866,610$13,175,729$9,023,737$35,765,519
78$49,393,161$13,771,497$9,276,189$39,128,450
79$54,379,849$14,394,887$9,535,528$42,825,222
80$59,873,561$15,047,203$9,801,935$46,889,578
81$65,925,961$15,729,812$10,075,596$51,358,692
82$72,593,982$16,444,146$10,356,702$56,273,521
83$79,940,364$17,191,705$10,645,447$61,679,183
84$88,034,243$17,974,061$10,942,032$67,625,390
85$96,951,807$18,792,861$11,246,661$74,166,910
86$106,777,012$19,649,832$11,559,545$81,364,084
87$117,602,376$20,546,782$11,880,898$89,283,396
88$129,529,850$21,485,607$12,210,941$97,998,093
89$142,671,787$22,468,293$12,549,899$107,588,884
90$157,151,992$23,496,923$12,898,004$118,144,690
91$173,106,901$24,573,678$13,255,492$129,763,488
92$190,686,860$25,700,843$13,622,607$142,553,232
93$210,057,552$26,880,816$13,999,596$156,632,871
94$231,401,554$28,116,108$14,386,714$172,133,467
95$254,920,065$29,409,350$14,784,222$189,199,432
96$280,834,805$30,763,301$15,192,386$207,989,891
97$309,390,103$32,180,852$15,611,480$228,680,176
98$340,855,213$33,665,032$16,041,783$251,463,484
99$375,526,843$35,219,018$16,483,582$276,552,697
100$413,731,969$36,846,137$16,937,169$304,182,386