Can I retire at age 54 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$388,122$384,664$381,291$377,999$374,785$371,489
2 years$192,139$188,561$185,093$181,730$178,469$175,148
3 years$126,821$123,227$119,767$116,436$113,228$109,985
4 years$94,168$90,585$87,160$83,886$80,755$77,615
5 years$74,581$71,019$67,640$64,432$61,389$58,360
6 years$61,527$57,993$54,663$51,527$48,575$45,662
7 years$52,207$48,702$45,425$42,363$39,504$36,708
8 years$45,220$41,747$38,524$35,538$32,773$30,093
9 years$39,788$36,348$33,181$30,270$27,599$25,036
10 years$35,446$32,039$28,928$26,093$23,516$21,067
11 years$31,895$28,522$25,468$22,709$20,225$17,888
12 years$28,938$25,600$22,602$19,919$17,526$15,300
13 years$26,438$23,135$20,193$17,585$15,283$13,165
14 years$24,297$21,029$18,144$15,610$13,397$11,384
15 years$22,443$19,211$16,381$13,922$11,796$9,885
16 years$20,823$17,625$14,852$12,465$10,425$8,614
17 years$19,394$16,232$13,515$11,200$9,244$7,528
18 years$18,126$14,999$12,337$10,093$8,219$6,596
19 years$16,993$13,901$11,294$9,120$7,326$5,793
20 years$15,974$12,918$10,365$8,260$6,544$5,096
21 years$15,053$12,032$9,534$7,497$5,856$4,491
22 years$14,217$11,232$8,787$6,816$5,249$3,964
23 years$13,455$10,505$8,113$6,208$4,712$3,503
24 years$12,758$9,842$7,503$5,662$4,235$3,098
25 years$12,117$9,237$6,950$5,171$3,811$2,744
26 years$11,527$8,681$6,445$4,728$3,433$2,431
27 years$10,981$8,170$5,985$4,327$3,095$2,156
28 years$10,475$7,698$5,564$3,965$2,793$1,914
29 years$10,005$7,262$5,178$3,636$2,522$1,699
30 years$9,567$6,859$4,823$3,337$2,278$1,510
31 years$9,158$6,484$4,496$3,065$2,060$1,342
32 years$8,776$6,135$4,195$2,816$1,863$1,193
33 years$8,417$5,810$3,917$2,590$1,686$1,061
34 years$8,080$5,506$3,660$2,383$1,527$944
35 years$7,763$5,223$3,422$2,194$1,383$841
36 years$7,465$4,957$3,201$2,020$1,253$748
37 years$7,183$4,708$2,996$1,861$1,136$666
38 years$6,917$4,474$2,806$1,716$1,030$593
39 years$6,664$4,255$2,629$1,582$934$529
40 years$6,426$4,048$2,464$1,459$847$471
41 years$6,199$3,853$2,310$1,346$768$420
42 years$5,984$3,670$2,167$1,242$697$374
43 years$5,779$3,497$2,033$1,147$633$333
44 years$5,584$3,333$1,909$1,059$574$297
45 years$5,399$3,178$1,792$978$521$265
46 years$5,222$3,032$1,683$903$473$236
47 years$5,053$2,893$1,581$835$430$211
48 years$4,891$2,762$1,486$771$390$188
49 years$4,737$2,638$1,397$713$355$167
50 years$4,589$2,520$1,313$659$322$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,700,000, adding $2,825 every year, while hoping to spend $51,038 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: 68/24/8 Blend
53$4,700,000$4,700,000$4,700,000$4,700,000
54$5,182,314$4,933,214$4,860,364$5,527,015
55$5,656,606$5,120,637$4,968,882$5,943,384
56$6,177,565$5,315,534$5,079,325$6,392,112
57$6,749,898$5,518,216$5,191,703$6,881,461
58$7,378,788$5,729,010$5,306,026$7,415,401
59$8,069,948$5,948,255$5,422,302$7,998,297
60$8,829,670$6,176,306$5,540,536$8,634,954
61$9,664,886$6,413,535$5,660,733$9,330,661
62$10,583,233$6,660,327$5,782,897$10,091,239
63$11,593,127$6,917,087$5,907,028$10,923,096
64$12,703,837$7,184,235$6,033,125$11,833,285
65$13,925,578$7,462,213$6,161,184$12,829,570
66$15,269,605$7,751,479$6,291,202$13,920,501
67$16,748,316$8,052,513$6,423,168$15,115,489
68$18,375,374$8,365,816$6,557,074$16,424,897
69$20,165,832$8,691,910$6,692,906$17,860,137
70$22,136,276$9,031,343$6,830,647$19,433,774
71$24,304,981$9,384,684$6,970,279$21,159,646
72$26,692,084$9,752,529$7,111,779$23,052,989
73$29,319,774$10,135,500$7,255,121$25,130,586
74$32,212,499$10,534,247$7,400,275$27,410,919
75$35,397,198$10,949,450$7,547,209$29,914,343
76$38,903,556$11,381,817$7,695,884$32,663,279
77$42,764,282$11,832,088$7,846,259$35,682,421
78$47,015,417$12,301,039$7,998,287$38,998,967
79$51,696,677$12,789,477$8,151,917$42,642,880
80$56,851,825$13,298,248$8,307,093$46,647,162
81$62,529,083$13,828,235$8,463,753$51,048,166
82$68,781,591$14,380,360$8,621,829$55,885,938
83$75,667,902$14,955,586$8,781,250$61,204,596
84$83,252,541$15,554,923$8,941,934$67,052,737
85$91,606,608$16,179,422$9,103,797$73,483,899
86$100,808,452$16,830,184$9,266,745$80,557,066
87$110,944,411$17,508,360$9,430,678$88,337,214
88$122,109,623$18,215,151$9,595,487$96,895,932
89$134,408,926$18,951,815$9,761,057$106,312,089
90$147,957,848$19,719,666$9,927,264$116,672,576
91$162,883,695$20,520,076$10,093,974$128,073,128
92$179,326,754$21,354,482$10,261,044$140,619,220
93$197,441,616$22,224,385$10,428,323$154,427,062
94$217,398,636$23,131,354$10,595,646$169,624,693
95$239,385,537$24,077,031$10,762,841$186,353,185
96$263,609,188$25,063,132$10,929,722$204,767,975
97$290,297,551$26,091,451$11,096,094$225,040,323
98$319,701,834$27,163,865$11,261,745$247,358,930
99$352,098,863$28,282,336$11,426,455$271,931,716
100$387,793,693$29,448,916$11,589,988$298,987,774