Can I retire at age 54 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$404,637$401,033$397,517$394,084$390,733$385,212
2 years$200,316$196,585$192,969$189,464$186,063$180,512
3 years$132,217$128,470$124,864$121,391$118,046$112,637
4 years$98,175$94,439$90,869$87,456$84,192$78,966
5 years$77,754$74,042$70,518$67,174$64,001$58,974
6 years$64,145$60,461$56,989$53,720$50,642$45,819
7 years$54,429$50,775$47,358$44,166$41,185$36,569
8 years$47,144$43,523$40,163$37,050$34,167$29,757
9 years$41,482$37,895$34,593$31,558$28,774$24,567
10 years$36,954$33,402$30,159$27,203$24,517$20,511
11 years$33,252$29,736$26,551$23,675$21,085$17,276
12 years$30,170$26,690$23,564$20,766$18,272$14,655
13 years$27,563$24,120$21,053$18,334$15,934$12,504
14 years$25,331$21,924$18,916$16,274$13,967$10,719
15 years$23,398$20,028$17,078$14,514$12,298$9,226
16 years$21,709$18,375$15,484$12,996$10,869$7,968
17 years$20,220$16,923$14,090$11,676$9,637$6,900
18 years$18,897$15,638$12,862$10,523$8,569$5,990
19 years$17,716$14,493$11,775$9,508$7,638$5,211
20 years$16,654$13,467$10,806$8,612$6,822$4,541
21 years$15,694$12,544$9,940$7,816$6,105$3,963
22 years$14,822$11,710$9,161$7,106$5,472$3,464
23 years$14,028$10,952$8,459$6,472$4,912$3,030
24 years$13,301$10,261$7,823$5,903$4,415$2,654
25 years$12,633$9,630$7,245$5,391$3,973$2,326
26 years$12,017$9,050$6,720$4,929$3,579$2,040
27 years$11,448$8,517$6,240$4,512$3,227$1,791
28 years$10,921$8,026$5,801$4,134$2,911$1,573
29 years$10,431$7,571$5,398$3,791$2,629$1,382
30 years$9,974$7,150$5,028$3,479$2,375$1,215
31 years$9,548$6,760$4,688$3,195$2,148$1,068
32 years$9,149$6,396$4,374$2,936$1,943$940
33 years$8,775$6,057$4,084$2,700$1,758$827
34 years$8,424$5,741$3,816$2,484$1,592$728
35 years$8,094$5,445$3,567$2,287$1,442$641
36 years$7,782$5,168$3,337$2,106$1,306$564
37 years$7,489$4,908$3,123$1,941$1,184$497
38 years$7,211$4,665$2,925$1,789$1,073$438
39 years$6,948$4,436$2,740$1,649$973$386
40 years$6,699$4,220$2,569$1,521$883$340
41 years$6,463$4,017$2,408$1,404$801$299
42 years$6,238$3,826$2,259$1,295$727$264
43 years$6,025$3,645$2,120$1,196$660$232
44 years$5,822$3,475$1,990$1,104$599$205
45 years$5,628$3,314$1,869$1,020$544$181
46 years$5,444$3,161$1,755$942$493$159
47 years$5,268$3,017$1,649$870$448$140
48 years$5,099$2,880$1,549$804$407$124
49 years$4,938$2,750$1,456$743$370$109
50 years$4,784$2,627$1,369$687$336$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,900,000, adding $5,254 every year, while hoping to spend $40,668 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: 62/10/28 Blend
53$4,900,000$4,900,000$4,900,000$4,900,000
54$5,405,220$5,145,520$5,069,570$5,699,439
55$5,913,281$5,354,380$5,196,130$6,108,875
56$6,471,803$5,572,111$5,325,567$6,550,881
57$7,085,887$5,799,105$5,457,934$7,032,673
58$7,761,158$6,035,771$5,593,285$7,558,152
59$8,503,811$6,282,538$5,731,674$8,131,611
60$9,320,671$6,539,854$5,873,157$8,757,777
61$10,219,259$6,808,187$6,017,787$9,441,853
62$11,207,861$7,088,026$6,165,621$10,189,568
63$12,295,607$7,379,883$6,316,714$11,007,230
64$13,492,557$7,684,295$6,471,121$11,901,785
65$14,809,793$8,001,822$6,628,899$12,880,879
66$16,259,529$8,333,048$6,790,105$13,952,936
67$17,855,221$8,678,587$6,954,793$15,127,230
68$19,611,696$9,039,080$7,123,021$16,413,975
69$21,545,292$9,415,198$7,294,845$17,824,420
70$23,674,010$9,807,641$7,470,320$19,370,954
71$26,017,687$10,217,143$7,649,504$21,067,225
72$28,598,180$10,644,472$7,832,451$22,928,263
73$31,439,574$11,090,431$8,019,218$24,970,624
74$34,568,408$11,555,860$8,209,860$27,212,545
75$38,013,927$12,041,638$8,404,431$29,674,115
76$41,808,354$12,548,684$8,602,986$32,377,462
77$45,987,198$13,077,962$8,805,578$35,346,966
78$50,589,587$13,630,477$9,012,260$38,609,480
79$55,658,639$14,207,285$9,223,084$42,194,590
80$61,241,864$14,809,486$9,438,102$46,134,888
81$67,391,620$15,438,236$9,657,364$50,466,282
82$74,165,597$16,094,741$9,880,917$55,228,330
83$81,627,371$16,780,267$10,108,811$60,464,616
84$89,846,998$17,496,135$10,341,091$66,223,158
85$98,901,676$18,243,730$10,577,802$72,556,858
86$108,876,475$19,024,501$10,818,987$79,524,005
87$119,865,139$19,839,965$11,064,687$87,188,818
88$131,970,970$20,691,710$11,314,940$95,622,057
89$145,307,802$21,581,397$11,569,784$104,901,684
90$160,001,078$22,510,766$11,829,252$115,113,597
91$176,189,033$23,481,639$12,093,377$126,352,445
92$194,023,997$24,495,921$12,362,187$138,722,515
93$213,673,832$25,555,609$12,635,709$152,338,714
94$235,323,522$26,662,793$12,913,964$167,327,657
95$259,176,911$27,819,660$13,196,972$183,828,853
96$285,458,634$29,028,500$13,484,748$201,996,026
97$314,416,230$30,291,713$13,777,303$221,998,562
98$346,322,488$31,611,809$14,074,644$244,023,105
99$381,478,011$32,991,417$14,376,774$268,275,317
100$420,214,063$34,433,291$14,683,691$294,981,818