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

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$388,122$384,664$381,291$377,999$374,785$366,469
2 years$192,139$188,561$185,093$181,730$178,469$170,134
3 years$126,821$123,227$119,767$116,436$113,228$105,134
4 years$94,168$90,585$87,160$83,886$80,755$72,965
5 years$74,581$71,019$67,640$64,432$61,389$53,924
6 years$61,527$57,993$54,663$51,527$48,575$41,444
7 years$52,207$48,702$45,425$42,363$39,504$32,708
8 years$45,220$41,747$38,524$35,538$32,773$26,308
9 years$39,788$36,348$33,181$30,270$27,599$21,462
10 years$35,446$32,039$28,928$26,093$23,516$17,700
11 years$31,895$28,522$25,468$22,709$20,225$14,722
12 years$28,938$25,600$22,602$19,919$17,526$12,328
13 years$26,438$23,135$20,193$17,585$15,283$10,380
14 years$24,297$21,029$18,144$15,610$13,397$8,780
15 years$22,443$19,211$16,381$13,922$11,796$7,453
16 years$20,823$17,625$14,852$12,465$10,425$6,347
17 years$19,394$16,232$13,515$11,200$9,244$5,418
18 years$18,126$14,999$12,337$10,093$8,219$4,636
19 years$16,993$13,901$11,294$9,120$7,326$3,974
20 years$15,974$12,918$10,365$8,260$6,544$3,411
21 years$15,053$12,032$9,534$7,497$5,856$2,932
22 years$14,217$11,232$8,787$6,816$5,249$2,524
23 years$13,455$10,505$8,113$6,208$4,712$2,174
24 years$12,758$9,842$7,503$5,662$4,235$1,874
25 years$12,117$9,237$6,950$5,171$3,811$1,617
26 years$11,527$8,681$6,445$4,728$3,433$1,396
27 years$10,981$8,170$5,985$4,327$3,095$1,206
28 years$10,475$7,698$5,564$3,965$2,793$1,042
29 years$10,005$7,262$5,178$3,636$2,522$900
30 years$9,567$6,859$4,823$3,337$2,278$779
31 years$9,158$6,484$4,496$3,065$2,060$673
32 years$8,776$6,135$4,195$2,816$1,863$583
33 years$8,417$5,810$3,917$2,590$1,686$504
34 years$8,080$5,506$3,660$2,383$1,527$436
35 years$7,763$5,223$3,422$2,194$1,383$378
36 years$7,465$4,957$3,201$2,020$1,253$327
37 years$7,183$4,708$2,996$1,861$1,136$283
38 years$6,917$4,474$2,806$1,716$1,030$245
39 years$6,664$4,255$2,629$1,582$934$212
40 years$6,426$4,048$2,464$1,459$847$184
41 years$6,199$3,853$2,310$1,346$768$159
42 years$5,984$3,670$2,167$1,242$697$138
43 years$5,779$3,497$2,033$1,147$633$120
44 years$5,584$3,333$1,909$1,059$574$104
45 years$5,399$3,178$1,792$978$521$90
46 years$5,222$3,032$1,683$903$473$78
47 years$5,053$2,893$1,581$835$430$67
48 years$4,891$2,762$1,486$771$390$58
49 years$4,737$2,638$1,397$713$355$51
50 years$4,589$2,520$1,313$659$322$44

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 $4,117 every year, while hoping to spend $32,489 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: 40/38/22 Blend
53$4,700,000$4,700,000$4,700,000$4,700,000
54$5,183,647$4,934,547$4,861,697$5,357,081
55$5,677,811$5,141,771$4,989,995$5,689,276
56$6,221,290$5,358,061$5,121,503$6,045,033
57$6,819,082$5,583,826$5,256,294$6,429,256
58$7,476,689$5,819,495$5,394,441$6,844,560
59$8,200,178$6,065,516$5,536,021$7,293,813
60$8,996,230$6,322,360$5,681,111$7,780,168
61$9,872,207$6,590,518$5,829,790$8,307,081
62$10,836,223$6,870,504$5,982,138$8,878,354
63$11,897,215$7,162,856$6,138,238$9,498,160
64$13,065,033$7,468,138$6,298,170$10,171,083
65$14,350,528$7,786,939$6,462,022$10,902,161
66$15,765,660$8,119,876$6,629,877$11,696,931
67$17,323,603$8,467,596$6,801,824$12,561,478
68$19,038,877$8,830,775$6,977,951$13,502,492
69$20,927,479$9,210,119$7,158,349$14,527,328
70$23,007,037$9,606,371$7,343,109$15,644,073
71$25,296,977$10,020,304$7,532,325$16,861,618
72$27,818,701$10,452,733$7,726,091$18,189,745
73$30,595,797$10,904,505$7,924,503$19,639,210
74$33,654,254$11,376,511$8,127,660$21,221,848
75$37,022,710$11,869,682$8,335,659$22,950,675
76$40,732,724$12,384,994$8,548,601$24,840,015
77$44,819,071$12,923,468$8,766,588$26,905,627
78$49,320,072$13,486,173$8,989,724$29,164,851
79$54,277,952$14,074,228$9,218,112$31,636,772
80$59,739,243$14,688,806$9,451,859$34,342,393
81$65,755,222$15,331,133$9,691,073$37,304,829
82$72,382,392$16,002,496$9,935,861$40,549,524
83$79,683,018$16,704,240$10,186,334$44,104,487
84$87,725,712$17,437,775$10,442,603$48,000,550
85$96,586,085$18,204,576$10,704,780$52,271,654
86$106,347,454$19,006,189$10,972,979$56,955,170
87$117,101,636$19,844,233$11,247,315$62,092,240
88$128,949,806$20,720,404$11,527,904$67,728,167
89$142,003,460$21,636,477$11,814,862$73,912,830
90$156,385,460$22,594,312$12,108,307$80,701,158
91$172,231,201$23,595,857$12,408,359$88,153,634
92$189,689,881$24,643,152$12,715,137$96,336,867
93$208,925,916$25,738,334$13,028,762$105,324,211
94$230,120,489$26,883,641$13,349,354$115,196,450
95$253,473,258$28,081,419$13,677,037$126,042,558
96$279,204,244$29,334,122$14,011,931$137,960,526
97$307,555,908$30,644,325$14,354,162$151,058,284
98$338,795,435$32,014,722$14,703,851$165,454,712
99$373,217,262$33,448,136$15,061,123$181,280,750
100$411,145,853$34,947,525$15,426,101$198,680,629