Can I retire at age 54 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$346,832$343,743$340,729$337,787$334,914$322,007
2 years$171,699$168,501$165,402$162,397$159,483$146,634
3 years$113,329$110,117$107,026$104,050$101,182$88,795
4 years$84,150$80,948$77,888$74,962$72,164$60,333
5 years$66,647$63,464$60,444$57,578$54,858$43,613
6 years$54,982$51,823$48,848$46,046$43,407$32,756
7 years$46,653$43,521$40,593$37,857$35,302$25,241
8 years$40,409$37,306$34,426$31,757$29,286$19,807
9 years$35,556$32,481$29,651$27,050$24,663$15,751
10 years$31,675$28,631$25,850$23,317$21,014$12,652
11 years$28,502$25,488$22,758$20,293$18,073$10,242
12 years$25,860$22,877$20,197$17,800$15,662$8,342
13 years$23,626$20,674$18,045$15,714$13,657$6,827
14 years$21,712$18,792$16,214$13,950$11,972$5,609
15 years$20,056$17,167$14,639$12,441$10,541$4,622
16 years$18,608$15,750$13,272$11,139$9,316$3,819
17 years$17,331$14,505$12,077$10,008$8,260$3,162
18 years$16,198$13,404$11,025$9,020$7,345$2,622
19 years$15,185$12,422$10,093$8,150$6,547$2,178
20 years$14,274$11,543$9,263$7,381$5,847$1,810
21 years$13,452$10,752$8,520$6,699$5,233$1,507
22 years$12,705$10,037$7,852$6,091$4,690$1,255
23 years$12,024$9,387$7,250$5,547$4,210$1,046
24 years$11,401$8,795$6,705$5,059$3,784$872
25 years$10,828$8,254$6,210$4,621$3,405$727
26 years$10,301$7,757$5,760$4,225$3,067$607
27 years$9,813$7,301$5,348$3,867$2,766$507
28 years$9,361$6,879$4,972$3,543$2,495$423
29 years$8,941$6,490$4,627$3,249$2,253$353
30 years$8,549$6,129$4,310$2,982$2,036$295
31 years$8,184$5,794$4,018$2,739$1,841$247
32 years$7,842$5,482$3,749$2,517$1,665$206
33 years$7,522$5,192$3,500$2,314$1,507$172
34 years$7,221$4,921$3,270$2,129$1,364$144
35 years$6,937$4,667$3,058$1,960$1,236$120
36 years$6,671$4,430$2,860$1,805$1,120$101
37 years$6,419$4,207$2,677$1,663$1,015$84
38 years$6,181$3,998$2,507$1,533$920$70
39 years$5,956$3,802$2,349$1,414$834$59
40 years$5,742$3,617$2,202$1,304$757$49
41 years$5,540$3,443$2,064$1,203$687$41
42 years$5,347$3,279$1,937$1,110$623$34
43 years$5,164$3,125$1,817$1,025$565$29
44 years$4,990$2,978$1,706$946$513$24
45 years$4,824$2,840$1,602$874$466$20
46 years$4,666$2,709$1,504$807$423$17
47 years$4,515$2,586$1,413$746$384$14
48 years$4,371$2,468$1,328$689$349$12
49 years$4,233$2,357$1,248$637$317$10
50 years$4,101$2,252$1,174$589$288$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,200,000, adding $3,802 every year, while hoping to spend $37,421 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: 40/45/15 Blend
53$4,200,000$4,200,000$4,200,000$4,200,000
54$4,632,322$4,409,722$4,344,622$4,796,795
55$5,065,003$4,585,982$4,450,351$5,090,084
56$5,540,563$4,769,626$4,558,368$5,403,231
57$6,063,337$4,960,974$4,668,710$5,741,189
58$6,638,100$5,160,364$4,781,413$6,106,229
59$7,270,111$5,368,147$4,896,516$6,500,841
60$7,965,168$5,584,692$5,014,055$6,927,760
61$8,729,657$5,810,383$5,134,067$7,389,988
62$9,570,612$6,045,622$5,256,589$7,890,822
63$10,495,787$6,290,830$5,381,657$8,433,884
64$11,513,722$6,546,445$5,509,307$9,023,151
65$12,633,828$6,812,927$5,639,575$9,662,994
66$13,866,475$7,090,757$5,772,498$10,358,217
67$15,223,088$7,380,437$5,908,109$11,114,098
68$16,716,255$7,682,491$6,046,443$11,936,439
69$18,359,849$7,997,469$6,187,534$12,831,621
70$20,169,153$8,325,944$6,331,416$13,806,656
71$22,161,009$8,668,518$6,478,121$14,869,256
72$24,353,974$9,025,818$6,627,681$16,027,904
73$26,768,497$9,398,500$6,780,126$17,291,927
74$29,427,110$9,787,252$6,935,485$18,671,588
75$32,354,640$10,192,792$7,093,789$20,178,173
76$35,578,445$10,615,872$7,255,064$21,824,101
77$39,128,674$11,057,277$7,419,335$23,623,036
78$43,038,544$11,517,829$7,586,629$25,590,014
79$47,344,662$11,998,389$7,756,967$27,741,579
80$52,087,364$12,499,856$7,930,371$30,095,941
81$57,311,098$13,023,172$8,106,862$32,673,139
82$63,064,843$13,569,321$8,286,455$35,495,232
83$69,402,574$14,139,334$8,469,168$38,586,500
84$76,383,763$14,734,288$8,655,012$41,973,670
85$84,073,951$15,355,313$8,843,999$45,686,167
86$92,545,359$16,003,587$9,036,137$49,756,383
87$101,877,569$16,680,347$9,231,432$54,219,984
88$112,158,282$17,386,884$9,429,885$59,116,238
89$123,484,136$18,124,552$9,631,497$64,488,382
90$135,961,628$18,894,765$9,836,262$70,384,028
91$149,708,111$19,699,005$10,044,173$76,855,602
92$164,852,904$20,538,822$10,255,219$83,960,840
93$181,538,515$21,415,839$10,469,383$91,763,322
94$199,921,983$22,331,754$10,686,647$100,333,071
95$220,176,360$23,288,345$10,906,984$109,747,202
96$242,492,348$24,287,473$11,130,367$120,090,652
97$267,080,093$25,331,085$11,356,760$131,456,967
98$294,171,174$26,421,219$11,586,123$143,949,184
99$324,020,786$27,560,012$11,818,411$157,680,793
100$356,910,150$28,749,695$12,053,571$172,776,804