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%15.2%
1 years$388,122$384,664$381,291$377,999$374,785$366,768
2 years$192,139$188,561$185,093$181,730$178,469$170,431
3 years$126,821$123,227$119,767$116,436$113,228$105,420
4 years$94,168$90,585$87,160$83,886$80,755$73,237
5 years$74,581$71,019$67,640$64,432$61,389$54,182
6 years$61,527$57,993$54,663$51,527$48,575$41,687
7 years$52,207$48,702$45,425$42,363$39,504$32,937
8 years$45,220$41,747$38,524$35,538$32,773$26,524
9 years$39,788$36,348$33,181$30,270$27,599$21,664
10 years$35,446$32,039$28,928$26,093$23,516$17,888
11 years$31,895$28,522$25,468$22,709$20,225$14,897
12 years$28,938$25,600$22,602$19,919$17,526$12,491
13 years$26,438$23,135$20,193$17,585$15,283$10,532
14 years$24,297$21,029$18,144$15,610$13,397$8,920
15 years$22,443$19,211$16,381$13,922$11,796$7,583
16 years$20,823$17,625$14,852$12,465$10,425$6,466
17 years$19,394$16,232$13,515$11,200$9,244$5,528
18 years$18,126$14,999$12,337$10,093$8,219$4,737
19 years$16,993$13,901$11,294$9,120$7,326$4,066
20 years$15,974$12,918$10,365$8,260$6,544$3,496
21 years$15,053$12,032$9,534$7,497$5,856$3,010
22 years$14,217$11,232$8,787$6,816$5,249$2,594
23 years$13,455$10,505$8,113$6,208$4,712$2,238
24 years$12,758$9,842$7,503$5,662$4,235$1,933
25 years$12,117$9,237$6,950$5,171$3,811$1,670
26 years$11,527$8,681$6,445$4,728$3,433$1,444
27 years$10,981$8,170$5,985$4,327$3,095$1,249
28 years$10,475$7,698$5,564$3,965$2,793$1,081
29 years$10,005$7,262$5,178$3,636$2,522$936
30 years$9,567$6,859$4,823$3,337$2,278$811
31 years$9,158$6,484$4,496$3,065$2,060$702
32 years$8,776$6,135$4,195$2,816$1,863$609
33 years$8,417$5,810$3,917$2,590$1,686$528
34 years$8,080$5,506$3,660$2,383$1,527$458
35 years$7,763$5,223$3,422$2,194$1,383$397
36 years$7,465$4,957$3,201$2,020$1,253$344
37 years$7,183$4,708$2,996$1,861$1,136$298
38 years$6,917$4,474$2,806$1,716$1,030$259
39 years$6,664$4,255$2,629$1,582$934$225
40 years$6,426$4,048$2,464$1,459$847$195
41 years$6,199$3,853$2,310$1,346$768$169
42 years$5,984$3,670$2,167$1,242$697$147
43 years$5,779$3,497$2,033$1,147$633$127
44 years$5,584$3,333$1,909$1,059$574$110
45 years$5,399$3,178$1,792$978$521$96
46 years$5,222$3,032$1,683$903$473$83
47 years$5,053$2,893$1,581$835$430$72
48 years$4,891$2,762$1,486$771$390$63
49 years$4,737$2,638$1,397$713$355$54
50 years$4,589$2,520$1,313$659$322$47

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 $2,186 every year, while hoping to spend $44,727 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: 79/9/12 Blend
53$4,700,000$4,700,000$4,700,000$4,700,000
54$5,181,655$4,932,555$4,859,705$5,579,227
55$5,662,594$5,126,661$4,974,916$6,034,975
56$6,191,091$5,328,779$5,092,487$6,528,870
57$6,771,948$5,539,255$5,212,451$7,069,438
58$7,410,457$5,758,449$5,334,839$7,661,326
59$8,112,449$5,986,738$5,459,681$8,309,648
60$8,884,347$6,224,516$5,587,009$9,020,038
61$9,733,228$6,472,195$5,716,851$9,798,699
62$10,666,889$6,730,205$5,849,238$10,652,464
63$11,693,921$6,998,994$5,984,197$11,588,858
64$12,823,789$7,279,033$6,121,755$12,616,168
65$14,066,922$7,570,813$6,261,941$13,743,524
66$15,434,811$7,874,845$6,404,778$14,980,981
67$16,940,116$8,191,666$6,550,292$16,339,614
68$18,596,786$8,521,837$6,698,506$17,831,625
69$20,420,194$8,865,942$6,849,442$19,470,453
70$22,427,275$9,224,595$7,003,119$21,270,903
71$24,636,692$9,598,434$7,159,558$23,249,285
72$27,069,006$9,988,130$7,318,775$25,423,566
73$29,746,877$10,394,381$7,480,787$27,813,540
74$32,695,272$10,817,918$7,645,606$30,441,013
75$35,941,699$11,259,506$7,813,244$33,330,010
76$39,516,476$11,719,945$7,983,710$36,506,998
77$43,453,004$12,200,070$8,157,012$40,001,138
78$47,788,092$12,700,755$8,333,154$43,844,558
79$52,562,300$13,222,914$8,512,137$48,072,654
80$57,820,322$13,767,504$8,693,961$52,724,428
81$63,611,406$14,335,524$8,878,620$57,842,849
82$69,989,824$14,928,019$9,066,109$63,475,261
83$77,015,378$15,546,083$9,256,414$69,673,828
84$84,753,965$16,190,860$9,449,523$76,496,028
85$93,278,203$16,863,546$9,645,416$84,005,191
86$102,668,113$17,565,393$9,844,070$92,271,095
87$113,011,873$18,297,709$10,045,459$101,370,628
88$124,406,652$19,061,865$10,249,550$111,388,510
89$136,959,527$19,859,293$10,456,306$122,418,091
90$150,788,492$20,691,492$10,665,686$134,562,229
91$166,023,573$21,560,030$10,877,641$147,934,266
92$182,808,053$22,466,547$11,092,119$162,659,091
93$201,299,829$23,412,762$11,309,058$178,874,318
94$221,672,894$24,400,470$11,528,394$196,731,586
95$244,118,987$25,431,551$11,750,053$216,397,988
96$268,849,398$26,507,971$11,973,955$238,057,644
97$296,096,965$27,631,790$12,200,011$261,913,441
98$326,118,269$28,805,162$12,428,124$288,188,948
99$359,196,057$30,030,339$12,658,192$317,130,517
100$395,641,913$31,309,684$12,890,098$349,009,616