Can I retire at age 54 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$338,574$335,558$332,616$329,744$326,940$321,524
2 years$167,611$164,489$161,464$158,531$155,686$150,245
3 years$110,631$107,496$104,478$101,572$98,773$93,477
4 years$82,146$79,021$76,033$73,177$70,446$65,335
5 years$65,060$61,953$59,005$56,207$53,552$48,641
6 years$53,673$50,589$47,685$44,949$42,374$37,669
7 years$45,542$42,485$39,626$36,955$34,461$29,964
8 years$39,447$36,417$33,606$31,001$28,589$24,298
9 years$34,709$31,708$28,945$26,406$24,076$19,989
10 years$30,921$27,949$25,235$22,762$20,514$16,627
11 years$27,823$24,881$22,216$19,810$17,643$13,952
12 years$25,244$22,332$19,716$17,376$15,289$11,790
13 years$23,063$20,182$17,615$15,340$13,332$10,020
14 years$21,195$18,345$15,827$13,617$11,687$8,555
15 years$19,578$16,758$14,290$12,144$10,290$7,334
16 years$18,165$15,375$12,956$10,874$9,094$6,307
17 years$16,918$14,160$11,790$9,770$8,064$5,439
18 years$15,812$13,085$10,762$8,805$7,170$4,701
19 years$14,823$12,127$9,852$7,956$6,391$4,072
20 years$13,935$11,269$9,042$7,206$5,708$3,532
21 years$13,132$10,496$8,317$6,540$5,108$3,069
22 years$12,402$9,798$7,665$5,946$4,579$2,670
23 years$11,738$9,164$7,078$5,415$4,110$2,325
24 years$11,129$8,586$6,546$4,939$3,694$2,027
25 years$10,570$8,057$6,062$4,510$3,324$1,768
26 years$10,055$7,573$5,623$4,124$2,994$1,543
27 years$9,579$7,127$5,221$3,775$2,700$1,348
28 years$9,138$6,716$4,854$3,459$2,436$1,178
29 years$8,728$6,335$4,517$3,172$2,200$1,030
30 years$8,346$5,983$4,207$2,911$1,988$901
31 years$7,989$5,656$3,922$2,673$1,797$789
32 years$7,655$5,352$3,660$2,457$1,625$690
33 years$7,342$5,068$3,417$2,259$1,471$604
34 years$7,049$4,803$3,193$2,079$1,332$529
35 years$6,772$4,556$2,985$1,914$1,206$464
36 years$6,512$4,324$2,792$1,762$1,093$406
37 years$6,266$4,107$2,614$1,624$991$356
38 years$6,034$3,903$2,447$1,497$898$312
39 years$5,814$3,712$2,293$1,380$814$273
40 years$5,605$3,531$2,149$1,273$739$240
41 years$5,408$3,361$2,015$1,174$670$210
42 years$5,220$3,201$1,890$1,084$608$184
43 years$5,041$3,050$1,774$1,000$552$161
44 years$4,871$2,907$1,665$924$501$142
45 years$4,709$2,773$1,563$853$455$124
46 years$4,555$2,645$1,468$788$413$109
47 years$4,408$2,524$1,380$728$375$95
48 years$4,267$2,410$1,296$673$341$84
49 years$4,132$2,301$1,219$622$309$73
50 years$4,003$2,198$1,146$575$281$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,100,000, adding $5,183 every year, while hoping to spend $23,639 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: 41/42/17 Blend
53$4,100,000$4,100,000$4,100,000$4,100,000
54$4,523,546$4,306,246$4,242,696$4,686,131
55$4,959,796$4,492,101$4,359,675$4,987,751
56$5,439,751$4,686,270$4,479,780$5,311,307
57$5,967,845$4,889,136$4,603,091$5,661,009
58$6,548,961$5,101,099$4,729,691$6,039,256
59$7,188,481$5,322,579$4,859,662$6,448,679
60$7,892,336$5,554,015$4,993,090$6,892,164
61$8,667,058$5,795,866$5,130,062$7,372,882
62$9,519,848$6,048,613$5,270,669$7,894,314
63$10,458,638$6,312,760$5,415,002$8,460,281
64$11,492,169$6,588,836$5,563,155$9,074,984
65$12,630,073$6,877,391$5,715,223$9,743,032
66$13,882,962$7,179,006$5,871,305$10,469,495
67$15,262,533$7,494,285$6,031,502$11,259,939
68$16,781,669$7,823,864$6,195,916$12,120,486
69$18,454,572$8,168,406$6,364,652$13,057,862
70$20,296,888$8,528,607$6,537,817$14,079,463
71$22,325,859$8,905,197$6,715,522$15,193,418
72$24,560,484$9,298,938$6,897,879$16,408,669
73$27,021,697$9,710,631$7,085,002$17,735,046
74$29,732,570$10,141,112$7,277,010$19,183,363
75$32,718,524$10,591,258$7,474,021$20,765,513
76$36,007,572$11,061,988$7,676,160$22,494,580
77$39,630,583$11,554,264$7,883,550$24,384,956
78$43,621,574$12,069,094$8,096,320$26,452,479
79$48,018,029$12,607,534$8,314,601$28,714,573
80$52,861,255$13,170,690$8,538,527$31,190,410
81$58,196,769$13,759,721$8,768,234$33,901,093
82$64,074,731$14,375,839$9,003,862$36,869,842
83$70,550,415$15,020,316$9,245,553$40,122,218
84$77,684,731$15,694,485$9,493,452$43,686,354
85$85,544,800$16,399,741$9,747,709$47,593,216
86$94,204,586$17,137,545$10,008,474$51,876,894
87$103,745,599$17,909,430$10,275,902$56,574,918
88$114,257,657$18,716,999$10,550,153$61,728,605
89$125,839,741$19,561,935$10,831,385$67,383,445
90$138,600,923$20,445,998$11,119,765$73,589,525
91$152,661,399$21,371,034$11,415,460$80,401,994
92$168,153,625$22,338,978$11,718,640$87,881,580
93$185,223,561$23,351,855$12,029,482$96,095,155
94$204,032,057$24,411,788$12,348,162$105,116,361
95$224,756,363$25,521,002$12,674,862$115,026,295
96$247,591,810$26,681,828$13,009,767$125,914,270
97$272,753,646$27,896,709$13,353,065$137,878,652
98$300,479,074$29,168,205$13,704,950$151,027,773
99$331,029,490$30,498,997$14,065,616$165,480,955
100$364,692,948$31,891,897$14,435,264$181,369,619