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%17%
1 years$404,637$401,033$397,517$394,084$390,733$379,595
2 years$200,316$196,585$192,969$189,464$186,063$174,928
3 years$132,217$128,470$124,864$121,391$118,046$107,263
4 years$98,175$94,439$90,869$87,456$84,192$73,844
5 years$77,754$74,042$70,518$67,174$64,001$54,116
6 years$64,145$60,461$56,989$53,720$50,642$41,230
7 years$54,429$50,775$47,358$44,166$41,185$32,246
8 years$47,144$43,523$40,163$37,050$34,167$25,695
9 years$41,482$37,895$34,593$31,558$28,774$20,760
10 years$36,954$33,402$30,159$27,203$24,517$16,951
11 years$33,252$29,736$26,551$23,675$21,085$13,956
12 years$30,170$26,690$23,564$20,766$18,272$11,565
13 years$27,563$24,120$21,053$18,334$15,934$9,633
14 years$25,331$21,924$18,916$16,274$13,967$8,059
15 years$23,398$20,028$17,078$14,514$12,298$6,765
16 years$21,709$18,375$15,484$12,996$10,869$5,695
17 years$20,220$16,923$14,090$11,676$9,637$4,806
18 years$18,897$15,638$12,862$10,523$8,569$4,064
19 years$17,716$14,493$11,775$9,508$7,638$3,442
20 years$16,654$13,467$10,806$8,612$6,822$2,919
21 years$15,694$12,544$9,940$7,816$6,105$2,479
22 years$14,822$11,710$9,161$7,106$5,472$2,107
23 years$14,028$10,952$8,459$6,472$4,912$1,792
24 years$13,301$10,261$7,823$5,903$4,415$1,526
25 years$12,633$9,630$7,245$5,391$3,973$1,300
26 years$12,017$9,050$6,720$4,929$3,579$1,107
27 years$11,448$8,517$6,240$4,512$3,227$944
28 years$10,921$8,026$5,801$4,134$2,911$805
29 years$10,431$7,571$5,398$3,791$2,629$687
30 years$9,974$7,150$5,028$3,479$2,375$586
31 years$9,548$6,760$4,688$3,195$2,148$500
32 years$9,149$6,396$4,374$2,936$1,943$427
33 years$8,775$6,057$4,084$2,700$1,758$365
34 years$8,424$5,741$3,816$2,484$1,592$312
35 years$8,094$5,445$3,567$2,287$1,442$266
36 years$7,782$5,168$3,337$2,106$1,306$227
37 years$7,489$4,908$3,123$1,941$1,184$194
38 years$7,211$4,665$2,925$1,789$1,073$166
39 years$6,948$4,436$2,740$1,649$973$142
40 years$6,699$4,220$2,569$1,521$883$121
41 years$6,463$4,017$2,408$1,404$801$103
42 years$6,238$3,826$2,259$1,295$727$88
43 years$6,025$3,645$2,120$1,196$660$76
44 years$5,822$3,475$1,990$1,104$599$65
45 years$5,628$3,314$1,869$1,020$544$55
46 years$5,444$3,161$1,755$942$493$47
47 years$5,268$3,017$1,649$870$448$40
48 years$5,099$2,880$1,549$804$407$34
49 years$4,938$2,750$1,456$743$370$29
50 years$4,784$2,627$1,369$687$336$25

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 $2,365 every year, while hoping to spend $41,994 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: 58/22/20 Blend
53$4,900,000$4,900,000$4,900,000$4,900,000
54$5,402,239$5,142,539$5,066,589$5,686,768
55$5,908,587$5,349,843$5,191,639$6,087,705
56$6,465,174$5,565,896$5,319,470$6,519,845
57$7,077,081$5,791,085$5,450,132$6,990,039
58$7,749,905$6,025,810$5,583,673$7,501,969
59$8,489,813$6,270,492$5,720,143$8,059,683
60$9,303,597$6,525,569$5,859,592$8,667,635
61$10,198,745$6,791,503$6,002,069$9,330,725
62$11,183,502$7,068,771$6,147,623$10,054,346
63$12,266,955$7,357,877$6,296,305$10,844,433
64$13,459,117$7,659,346$6,448,163$11,707,515
65$14,771,019$7,973,726$6,603,249$12,650,782
66$16,214,815$8,301,591$6,761,610$13,682,144
67$17,803,899$8,643,542$6,923,297$14,810,311
68$19,553,028$9,000,206$7,088,358$16,044,869
69$21,478,461$9,372,241$7,256,843$17,396,375
70$23,598,116$9,760,332$7,428,799$18,876,447
71$25,931,734$10,165,199$7,604,274$20,497,880
72$28,501,070$10,587,593$7,783,316$22,274,762
73$31,330,093$11,028,299$7,965,971$24,222,604
74$34,445,218$11,488,140$8,152,286$26,358,489
75$37,875,547$11,967,976$8,342,305$28,701,226
76$41,653,153$12,468,707$8,536,072$31,271,532
77$45,813,375$12,991,275$8,733,632$34,092,220
78$50,395,156$13,536,663$8,935,024$37,188,417
79$55,441,406$14,105,904$9,140,291$40,587,796
80$60,999,410$14,700,074$9,349,472$44,320,837
81$67,121,275$15,320,303$9,562,605$48,421,114
82$73,864,417$15,967,770$9,779,724$52,925,603
83$81,292,109$16,643,712$10,000,866$57,875,040
84$89,474,071$17,349,420$10,226,062$63,314,291
85$98,487,133$18,086,249$10,455,342$69,292,783
86$108,415,959$18,855,614$10,688,735$75,864,961
87$119,353,844$19,658,996$10,926,264$83,090,803
88$131,403,596$20,497,947$11,167,954$91,036,385
89$144,678,507$21,374,090$11,413,824$99,774,494
90$159,303,418$22,289,124$11,663,891$109,385,322
91$175,415,902$23,244,827$11,918,167$119,957,213
92$193,167,562$24,243,061$12,176,663$131,587,497
93$212,725,457$25,285,774$12,439,385$144,383,402
94$234,273,683$26,375,006$12,706,334$158,463,069
95$258,015,110$27,512,894$12,977,508$173,956,654
96$284,173,297$28,701,671$13,252,900$191,007,564
97$312,994,599$29,943,679$13,532,498$209,773,795
98$344,750,496$31,241,367$13,816,285$230,429,431
99$379,740,154$32,597,301$14,104,237$253,166,272
100$418,293,248$34,014,167$14,396,327$278,195,649