Can I retire at age 54 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$396,380$392,849$389,404$386,042$382,759$370,952
2 years$196,227$192,573$189,031$185,597$182,266$170,474
3 years$129,519$125,849$122,316$118,914$115,637$104,230
4 years$96,171$92,512$89,014$85,671$82,473$71,538
5 years$76,168$72,531$69,079$65,803$62,695$52,262
6 years$62,836$59,227$55,826$52,623$49,608$39,686
7 years$53,318$49,738$46,392$43,265$40,345$30,932
8 years$46,182$42,635$39,344$36,294$33,470$24,562
9 years$40,635$37,121$33,887$30,914$28,187$19,772
10 years$36,200$32,721$29,543$26,648$24,016$16,084
11 years$32,574$29,129$26,009$23,192$20,655$13,191
12 years$29,554$26,145$23,083$20,342$17,899$10,887
13 years$27,001$23,627$20,623$17,959$15,608$9,033
14 years$24,814$21,477$18,530$15,942$13,682$7,525
15 years$22,921$19,619$16,730$14,218$12,047$6,290
16 years$21,266$18,000$15,168$12,730$10,647$5,273
17 years$19,807$16,578$13,802$11,438$9,440$4,430
18 years$18,512$15,318$12,600$10,308$8,394$3,729
19 years$17,354$14,197$11,534$9,314$7,482$3,144
20 years$16,314$13,193$10,586$8,436$6,683$2,655
21 years$15,373$12,288$9,737$7,656$5,980$2,244
22 years$14,520$11,471$8,974$6,961$5,361$1,898
23 years$13,742$10,728$8,286$6,340$4,812$1,607
24 years$13,029$10,052$7,663$5,782$4,325$1,362
25 years$12,375$9,433$7,098$5,281$3,892$1,154
26 years$11,772$8,866$6,583$4,828$3,506$979
27 years$11,215$8,344$6,113$4,419$3,161$830
28 years$10,698$7,862$5,682$4,049$2,852$705
29 years$10,218$7,417$5,288$3,713$2,575$598
30 years$9,771$7,005$4,926$3,408$2,327$508
31 years$9,353$6,622$4,592$3,130$2,104$432
32 years$8,962$6,265$4,284$2,876$1,903$367
33 years$8,596$5,933$4,000$2,645$1,722$311
34 years$8,252$5,624$3,738$2,434$1,559$265
35 years$7,928$5,334$3,494$2,240$1,412$225
36 years$7,624$5,063$3,269$2,063$1,280$191
37 years$7,336$4,808$3,060$1,901$1,160$162
38 years$7,064$4,570$2,865$1,752$1,051$138
39 years$6,806$4,345$2,684$1,616$953$117
40 years$6,562$4,134$2,516$1,490$865$100
41 years$6,331$3,935$2,359$1,375$785$85
42 years$6,111$3,748$2,213$1,269$712$72
43 years$5,902$3,571$2,077$1,171$646$61
44 years$5,703$3,404$1,949$1,082$586$52
45 years$5,513$3,246$1,830$999$532$44
46 years$5,333$3,096$1,719$923$483$38
47 years$5,160$2,955$1,615$852$439$32
48 years$4,995$2,821$1,518$788$399$27
49 years$4,837$2,694$1,427$728$362$23
50 years$4,686$2,573$1,341$673$329$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,800,000, adding $3,628 every year, while hoping to spend $42,967 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: 66/29/5 Blend
53$4,800,000$4,800,000$4,800,000$4,800,000
54$5,293,342$5,038,942$4,964,542$5,639,082
55$5,787,547$5,240,134$5,085,138$6,070,078
56$6,330,720$5,449,744$5,208,333$6,535,390
57$6,927,811$5,668,139$5,334,170$7,042,731
58$7,584,274$5,895,704$5,462,691$7,596,185
59$8,306,115$6,132,838$5,593,936$8,200,247
60$9,099,953$6,379,963$5,727,948$8,859,860
61$9,973,082$6,637,514$5,864,768$9,580,464
62$10,933,535$6,905,951$6,004,436$10,368,043
63$11,990,165$7,185,752$6,146,994$11,229,185
64$13,152,726$7,477,418$6,292,482$12,171,138
65$14,431,964$7,781,471$6,440,941$13,201,880
66$15,839,721$8,098,460$6,592,409$14,330,191
67$17,389,043$8,428,955$6,746,925$15,565,738
68$19,094,307$8,773,556$6,904,529$16,919,159
69$20,971,353$9,132,886$7,065,257$18,402,169
70$23,037,634$9,507,601$7,229,146$20,027,662
71$25,312,383$9,898,383$7,396,233$21,809,837
72$27,816,790$10,305,949$7,566,551$23,764,327
73$30,574,208$10,731,045$7,740,136$25,908,344
74$33,610,366$11,174,455$7,917,019$28,260,841
75$36,953,615$11,636,996$8,097,231$30,842,691
76$40,635,199$12,119,523$8,280,803$33,676,879
77$44,689,541$12,622,932$8,467,762$36,788,717
78$49,154,578$13,148,159$8,658,136$40,206,081
79$54,072,109$13,696,183$8,851,948$43,959,674
80$59,488,198$14,268,030$9,049,221$48,083,311
81$65,453,600$14,864,769$9,249,976$52,614,236
82$72,024,248$15,487,524$9,454,231$57,593,471
83$79,261,775$16,137,466$9,662,002$63,066,202
84$87,234,098$16,815,824$9,873,301$69,082,199
85$96,016,058$17,523,882$10,088,139$75,696,289
86$105,690,127$18,262,983$10,306,522$82,968,863
87$116,347,184$19,034,533$10,528,455$90,966,449
88$128,087,376$19,840,004$10,753,937$99,762,333
89$141,021,060$20,680,936$10,982,966$109,437,249
90$155,269,847$21,558,940$11,215,533$120,080,135
91$170,967,745$22,475,702$11,451,628$131,788,974
92$188,262,431$23,432,988$11,691,233$144,671,709
93$207,316,638$24,432,643$11,934,329$158,847,259
94$228,309,695$25,476,602$12,180,888$174,446,642
95$251,439,216$26,566,888$12,430,880$191,614,201
96$276,922,969$27,705,619$12,684,268$210,508,966
97$305,000,930$28,895,012$12,941,008$231,306,148
98$335,937,544$30,137,387$13,201,052$254,198,788
99$370,024,228$31,435,174$13,464,342$279,399,575
100$407,582,118$32,790,915$13,730,816$307,142,848