Can I retire at age 54 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$371,606$368,296$365,066$361,914$358,836$350,162
2 years$183,963$180,537$177,217$173,997$170,874$162,187
3 years$121,424$117,983$114,671$111,482$108,410$99,981
4 years$90,160$86,730$83,451$80,316$77,319$69,214
5 years$71,407$67,997$64,761$61,691$58,776$51,018
6 years$58,909$55,525$52,337$49,334$46,508$39,103
7 years$49,985$46,630$43,492$40,561$37,823$30,773
8 years$43,296$39,970$36,885$34,025$31,378$24,680
9 years$38,095$34,801$31,769$28,982$26,425$20,074
10 years$33,937$30,676$27,697$24,983$22,515$16,504
11 years$30,538$27,309$24,384$21,742$19,364$13,683
12 years$27,707$24,511$21,640$19,071$16,780$11,421
13 years$25,313$22,151$19,334$16,837$14,633$9,584
14 years$23,263$20,134$17,372$14,946$12,827$8,079
15 years$21,488$18,393$15,684$13,329$11,294$6,834
16 years$19,937$16,875$14,220$11,935$9,982$5,799
17 years$18,569$15,542$12,940$10,723$8,850$4,933
18 years$17,355$14,361$11,812$9,664$7,869$4,205
19 years$16,270$13,310$10,814$8,732$7,014$3,591
20 years$15,294$12,368$9,924$7,909$6,265$3,071
21 years$14,413$11,520$9,128$7,178$5,607$2,630
22 years$13,612$10,754$8,413$6,526$5,026$2,255
23 years$12,883$10,058$7,768$5,943$4,511$1,935
24 years$12,215$9,424$7,184$5,421$4,055$1,661
25 years$11,602$8,844$6,654$4,951$3,649$1,427
26 years$11,036$8,311$6,171$4,527$3,287$1,227
27 years$10,514$7,822$5,731$4,143$2,963$1,056
28 years$10,030$7,371$5,327$3,796$2,674$909
29 years$9,579$6,953$4,957$3,481$2,414$782
30 years$9,160$6,567$4,618$3,195$2,181$674
31 years$8,769$6,208$4,305$2,934$1,972$580
32 years$8,402$5,874$4,017$2,697$1,784$500
33 years$8,059$5,563$3,750$2,480$1,615$431
34 years$7,736$5,272$3,504$2,282$1,462$371
35 years$7,433$5,000$3,276$2,100$1,324$320
36 years$7,147$4,746$3,065$1,934$1,200$276
37 years$6,877$4,508$2,868$1,782$1,087$238
38 years$6,622$4,284$2,686$1,643$986$205
39 years$6,381$4,074$2,517$1,515$894$177
40 years$6,152$3,876$2,359$1,397$811$153
41 years$5,935$3,689$2,212$1,289$736$132
42 years$5,729$3,514$2,075$1,190$667$114
43 years$5,533$3,348$1,947$1,098$606$98
44 years$5,347$3,191$1,828$1,014$550$84
45 years$5,169$3,043$1,716$936$499$73
46 years$4,999$2,903$1,612$865$453$63
47 years$4,838$2,770$1,514$799$412$54
48 years$4,683$2,645$1,423$738$374$47
49 years$4,535$2,525$1,337$682$339$40
50 years$4,394$2,412$1,257$631$308$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,500,000, adding $2,550 every year, while hoping to spend $58,985 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: 44/34/22 Blend
53$4,500,000$4,500,000$4,500,000$4,500,000
54$4,961,630$4,723,130$4,653,380$5,148,205
55$5,404,957$4,891,804$4,746,509$5,449,005
56$5,891,526$5,066,766$4,840,781$5,768,905
57$6,425,686$5,248,262$4,936,171$6,114,470
58$7,012,227$5,436,548$5,032,654$6,488,109
59$7,656,425$5,631,890$5,130,199$6,892,466
60$8,364,094$5,834,565$5,228,773$7,330,454
61$9,141,636$6,044,864$5,328,342$7,805,272
62$9,996,106$6,263,085$5,428,865$8,320,438
63$10,935,276$6,489,543$5,530,299$8,879,824
64$11,967,708$6,724,564$5,632,597$9,487,686
65$13,102,834$6,968,488$5,735,709$10,148,708
66$14,351,047$7,221,668$5,839,580$10,868,044
67$15,723,797$7,484,473$5,944,149$11,651,363
68$17,233,700$7,757,288$6,049,353$12,504,905
69$18,894,654$8,040,512$6,155,123$13,435,535
70$20,721,973$8,334,562$6,261,385$14,450,813
71$22,732,531$8,639,872$6,368,058$15,559,055
72$24,944,919$8,956,895$6,475,057$16,769,420
73$27,379,621$9,286,103$6,582,292$18,091,986
74$30,059,208$9,627,988$6,689,664$19,537,852
75$33,008,549$9,983,061$6,797,070$21,119,235
76$36,255,047$10,351,857$6,904,397$22,849,588
77$39,828,895$10,734,932$7,011,528$24,743,723
78$43,763,365$11,132,866$7,118,337$26,817,951
79$48,095,117$11,546,264$7,224,690$29,090,232
80$52,864,545$11,975,758$7,330,444$31,580,348
81$58,116,163$12,422,004$7,435,448$34,310,081
82$63,899,018$12,885,689$7,539,541$37,303,423
83$70,267,157$13,367,526$7,642,555$40,586,795
84$77,280,135$13,868,263$7,744,308$44,189,301
85$85,003,576$14,388,676$7,844,611$48,142,994
86$93,509,797$14,929,577$7,943,261$52,483,183
87$102,878,481$15,491,811$8,040,045$57,248,760
88$113,197,438$16,076,261$8,134,738$62,482,563
89$124,563,426$16,683,848$8,227,102$68,231,786
90$137,083,071$17,315,532$8,316,885$74,548,413
91$150,873,866$17,972,315$8,403,823$81,489,712
92$166,065,285$18,655,243$8,487,635$89,118,772
93$182,800,000$19,365,405$8,568,027$97,505,096
94$201,235,232$20,103,942$8,644,687$106,725,250
95$221,544,231$20,872,041$8,717,290$116,863,592
96$243,917,912$21,670,940$8,785,489$128,013,055
97$268,566,658$22,501,936$8,848,922$140,276,031
98$295,722,304$23,366,377$8,907,207$153,765,326
99$325,640,324$24,265,674$8,959,943$168,605,226
100$358,602,243$25,201,299$9,006,708$184,932,667