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%14.3%
1 years$404,637$401,033$397,517$394,084$390,733$383,786
2 years$200,316$196,585$192,969$189,464$186,063$179,088
3 years$132,217$128,470$124,864$121,391$118,046$111,260
4 years$98,175$94,439$90,869$87,456$84,192$77,647
5 years$77,754$74,042$70,518$67,174$64,001$57,716
6 years$64,145$60,461$56,989$53,720$50,642$44,624
7 years$54,429$50,775$47,358$44,166$41,185$35,436
8 years$47,144$43,523$40,163$37,050$34,167$28,686
9 years$41,482$37,895$34,593$31,558$28,774$23,556
10 years$36,954$33,402$30,159$27,203$24,517$19,559
11 years$33,252$29,736$26,551$23,675$21,085$16,382
12 years$30,170$26,690$23,564$20,766$18,272$13,816
13 years$27,563$24,120$21,053$18,334$15,934$11,719
14 years$25,331$21,924$18,916$16,274$13,967$9,986
15 years$23,398$20,028$17,078$14,514$12,298$8,542
16 years$21,709$18,375$15,484$12,996$10,869$7,331
17 years$20,220$16,923$14,090$11,676$9,637$6,308
18 years$18,897$15,638$12,862$10,523$8,569$5,441
19 years$17,716$14,493$11,775$9,508$7,638$4,702
20 years$16,654$13,467$10,806$8,612$6,822$4,070
21 years$15,694$12,544$9,940$7,816$6,105$3,528
22 years$14,822$11,710$9,161$7,106$5,472$3,062
23 years$14,028$10,952$8,459$6,472$4,912$2,660
24 years$13,301$10,261$7,823$5,903$4,415$2,313
25 years$12,633$9,630$7,245$5,391$3,973$2,013
26 years$12,017$9,050$6,720$4,929$3,579$1,753
27 years$11,448$8,517$6,240$4,512$3,227$1,528
28 years$10,921$8,026$5,801$4,134$2,911$1,332
29 years$10,431$7,571$5,398$3,791$2,629$1,162
30 years$9,974$7,150$5,028$3,479$2,375$1,014
31 years$9,548$6,760$4,688$3,195$2,148$885
32 years$9,149$6,396$4,374$2,936$1,943$773
33 years$8,775$6,057$4,084$2,700$1,758$675
34 years$8,424$5,741$3,816$2,484$1,592$590
35 years$8,094$5,445$3,567$2,287$1,442$515
36 years$7,782$5,168$3,337$2,106$1,306$450
37 years$7,489$4,908$3,123$1,941$1,184$393
38 years$7,211$4,665$2,925$1,789$1,073$344
39 years$6,948$4,436$2,740$1,649$973$301
40 years$6,699$4,220$2,569$1,521$883$263
41 years$6,463$4,017$2,408$1,404$801$230
42 years$6,238$3,826$2,259$1,295$727$201
43 years$6,025$3,645$2,120$1,196$660$176
44 years$5,822$3,475$1,990$1,104$599$154
45 years$5,628$3,314$1,869$1,020$544$134
46 years$5,444$3,161$1,755$942$493$118
47 years$5,268$3,017$1,649$870$448$103
48 years$5,099$2,880$1,549$804$407$90
49 years$4,938$2,750$1,456$743$370$79
50 years$4,784$2,627$1,369$687$336$69

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 $6,990 every year, while hoping to spend $51,655 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: 67/20/13 Blend
53$4,900,000$4,900,000$4,900,000$4,900,000
54$5,407,010$5,147,310$5,071,360$5,752,885
55$5,903,565$5,344,568$5,186,290$6,181,466
56$6,449,037$5,549,760$5,303,339$6,643,128
57$7,048,361$5,763,221$5,422,523$7,146,578
58$7,706,974$5,985,299$5,543,858$7,695,904
59$8,430,866$6,216,359$5,667,358$8,295,608
60$9,226,634$6,456,781$5,793,035$8,950,643
61$10,101,550$6,706,962$5,920,900$9,666,463
62$11,063,621$6,967,316$6,050,964$10,449,068
63$12,121,673$7,238,277$6,183,234$11,305,066
64$13,285,427$7,520,296$6,317,715$12,241,731
65$14,565,596$7,813,846$6,454,414$13,267,072
66$15,973,980$8,119,418$6,593,331$14,389,907
67$17,523,585$8,437,529$6,734,466$15,619,945
68$19,228,738$8,768,715$6,877,818$16,967,878
69$21,105,226$9,113,538$7,023,381$18,445,478
70$23,170,443$9,472,585$7,171,148$20,065,712
71$25,443,555$9,846,469$7,321,109$21,842,858
72$27,945,680$10,235,829$7,473,249$23,792,641
73$30,700,090$10,641,335$7,627,553$25,932,380
74$33,732,423$11,063,684$7,784,000$28,281,151
75$37,070,934$11,503,609$7,942,568$30,859,965
76$40,746,754$11,961,870$8,103,229$33,691,964
77$44,794,187$12,439,265$8,265,951$36,802,640
78$49,251,032$12,936,628$8,430,699$40,220,071
79$54,158,943$13,454,828$8,597,433$43,975,190
80$59,563,817$13,994,776$8,766,108$48,102,068
81$65,516,228$14,557,422$8,936,674$52,638,241
82$72,071,908$15,143,760$9,109,077$57,625,058
83$79,292,267$15,754,829$9,283,256$63,108,072
84$87,244,977$16,391,715$9,459,144$69,137,467
85$96,004,609$17,055,552$9,636,669$75,768,528
86$105,653,332$17,747,528$9,815,751$83,062,166
87$116,281,698$18,468,883$9,996,304$91,085,486
88$127,989,486$19,220,913$10,178,235$99,912,418
89$140,886,650$20,004,975$10,361,443$109,624,419
90$155,094,356$20,822,486$10,545,819$120,311,233
91$170,746,122$21,674,929$10,731,246$132,071,736
92$187,989,081$22,563,855$10,917,597$145,014,872
93$206,985,367$23,490,884$11,104,736$159,260,674
94$227,913,648$24,457,711$11,292,519$174,941,395
95$250,970,811$25,466,110$11,480,789$192,202,756
96$276,373,819$26,517,934$11,669,380$211,205,318
97$304,361,759$27,615,123$11,858,115$232,125,991
98$335,198,100$28,759,706$12,046,803$255,159,705
99$369,173,178$29,953,803$12,235,243$280,521,245
100$406,606,938$31,199,635$12,423,219$308,447,278