Can I retire at age 54 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$388,122$384,664$381,291$377,999$374,785$364,248
2 years$192,139$188,561$185,093$181,730$178,469$167,934
3 years$126,821$123,227$119,767$116,436$113,228$103,024
4 years$94,168$90,585$87,160$83,886$80,755$70,961
5 years$74,581$71,019$67,640$64,432$61,389$52,031
6 years$61,527$57,993$54,663$51,527$48,575$39,663
7 years$52,207$48,702$45,425$42,363$39,504$31,038
8 years$45,220$41,747$38,524$35,538$32,773$24,747
9 years$39,788$36,348$33,181$30,270$27,599$20,006
10 years$35,446$32,039$28,928$26,093$23,516$16,346
11 years$31,895$28,522$25,468$22,709$20,225$13,466
12 years$28,938$25,600$22,602$19,919$17,526$11,166
13 years$26,438$23,135$20,193$17,585$15,283$9,308
14 years$24,297$21,029$18,144$15,610$13,397$7,792
15 years$22,443$19,211$16,381$13,922$11,796$6,546
16 years$20,823$17,625$14,852$12,465$10,425$5,515
17 years$19,394$16,232$13,515$11,200$9,244$4,657
18 years$18,126$14,999$12,337$10,093$8,219$3,941
19 years$16,993$13,901$11,294$9,120$7,326$3,340
20 years$15,974$12,918$10,365$8,260$6,544$2,835
21 years$15,053$12,032$9,534$7,497$5,856$2,409
22 years$14,217$11,232$8,787$6,816$5,249$2,049
23 years$13,455$10,505$8,113$6,208$4,712$1,745
24 years$12,758$9,842$7,503$5,662$4,235$1,486
25 years$12,117$9,237$6,950$5,171$3,811$1,267
26 years$11,527$8,681$6,445$4,728$3,433$1,081
27 years$10,981$8,170$5,985$4,327$3,095$922
28 years$10,475$7,698$5,564$3,965$2,793$787
29 years$10,005$7,262$5,178$3,636$2,522$672
30 years$9,567$6,859$4,823$3,337$2,278$574
31 years$9,158$6,484$4,496$3,065$2,060$490
32 years$8,776$6,135$4,195$2,816$1,863$419
33 years$8,417$5,810$3,917$2,590$1,686$358
34 years$8,080$5,506$3,660$2,383$1,527$306
35 years$7,763$5,223$3,422$2,194$1,383$262
36 years$7,465$4,957$3,201$2,020$1,253$224
37 years$7,183$4,708$2,996$1,861$1,136$191
38 years$6,917$4,474$2,806$1,716$1,030$163
39 years$6,664$4,255$2,629$1,582$934$140
40 years$6,426$4,048$2,464$1,459$847$120
41 years$6,199$3,853$2,310$1,346$768$102
42 years$5,984$3,670$2,167$1,242$697$87
43 years$5,779$3,497$2,033$1,147$633$75
44 years$5,584$3,333$1,909$1,059$574$64
45 years$5,399$3,178$1,792$978$521$55
46 years$5,222$3,032$1,683$903$473$47
47 years$5,053$2,893$1,581$835$430$40
48 years$4,891$2,762$1,486$771$390$34
49 years$4,737$2,638$1,397$713$355$29
50 years$4,589$2,520$1,313$659$322$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $4,700,000, adding $3,055 every year, while hoping to spend $37,207 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: 56/39/5 Blend
53$4,700,000$4,700,000$4,700,000$4,700,000
54$5,182,551$4,933,451$4,860,601$5,467,506
55$5,671,583$5,135,602$4,983,843$5,861,698
56$6,209,250$5,346,412$5,109,967$6,286,362
57$6,800,472$5,566,265$5,239,030$6,747,930
58$7,450,672$5,795,564$5,371,089$7,249,918
59$8,165,824$6,034,730$5,506,204$7,796,186
60$8,952,510$6,284,203$5,644,433$8,390,981
61$9,817,981$6,544,444$5,785,837$9,038,968
62$10,770,229$6,815,935$5,930,476$9,745,280
63$11,818,056$7,099,180$6,078,411$10,515,559
64$12,971,163$7,394,706$6,229,703$11,356,009
65$14,240,239$7,703,063$6,384,416$12,273,457
66$15,637,060$8,024,830$6,542,610$13,275,408
67$17,174,603$8,360,610$6,704,351$14,370,122
68$18,867,166$8,711,033$6,869,700$15,566,683
69$20,730,504$9,076,761$7,038,722$16,875,089
70$22,781,978$9,458,484$7,211,481$18,306,339
71$25,040,716$9,856,926$7,388,042$19,872,536
72$27,527,797$10,272,844$7,568,470$21,587,003
73$30,266,448$10,707,029$7,752,829$23,464,400
74$33,282,261$11,160,309$7,941,185$25,520,863
75$36,603,440$11,633,552$8,133,603$27,774,156
76$40,261,060$12,127,666$8,330,148$30,243,831
77$44,289,366$12,643,599$8,530,885$32,951,412
78$48,726,092$13,182,346$8,735,880$35,920,596
79$53,612,819$13,744,946$8,945,198$39,177,473
80$58,995,367$14,332,489$9,158,902$42,750,768
81$64,924,227$14,946,114$9,377,058$46,672,111
82$71,455,038$15,587,013$9,599,730$50,976,327
83$78,649,110$16,256,435$9,826,979$55,701,768
84$86,574,007$16,955,688$10,058,870$60,890,666
85$95,304,177$17,686,138$10,295,464$66,589,528
86$104,921,663$18,449,219$10,536,822$72,849,573
87$115,516,871$19,246,428$10,783,003$79,727,210
88$127,189,425$20,079,337$11,034,068$87,284,564
89$140,049,110$20,949,589$11,290,073$95,590,061
90$154,216,904$21,858,903$11,551,075$104,719,065
91$169,826,120$22,809,081$11,817,127$114,754,588
92$187,023,667$23,802,009$12,088,284$125,788,064
93$205,971,436$24,839,662$12,364,597$137,920,210
94$226,847,825$25,924,108$12,646,113$151,261,967
95$249,849,426$27,057,512$12,932,880$165,935,546
96$275,192,878$28,242,140$13,224,942$182,075,569
97$303,116,915$29,480,369$13,522,341$199,830,337
98$333,884,616$30,774,682$13,825,115$219,363,220
99$367,785,890$32,127,686$14,133,300$240,854,196
100$405,140,213$33,542,105$14,446,929$264,501,536