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%19.6%
1 years$404,637$401,033$397,517$394,084$390,733$375,675
2 years$200,316$196,585$192,969$189,464$186,063$171,072
3 years$132,217$128,470$124,864$121,391$118,046$103,594
4 years$98,175$94,439$90,869$87,456$84,192$70,388
5 years$77,754$74,042$70,518$67,174$64,001$50,882
6 years$64,145$60,461$56,989$53,720$50,642$38,216
7 years$54,429$50,775$47,358$44,166$41,185$29,448
8 years$47,144$43,523$40,163$37,050$34,167$23,108
9 years$41,482$37,895$34,593$31,558$28,774$18,376
10 years$36,954$33,402$30,159$27,203$24,517$14,761
11 years$33,252$29,736$26,551$23,675$21,085$11,949
12 years$30,170$26,690$23,564$20,766$18,272$9,732
13 years$27,563$24,120$21,053$18,334$15,934$7,965
14 years$25,331$21,924$18,916$16,274$13,967$6,543
15 years$23,398$20,028$17,078$14,514$12,298$5,393
16 years$21,709$18,375$15,484$12,996$10,869$4,455
17 years$20,220$16,923$14,090$11,676$9,637$3,689
18 years$18,897$15,638$12,862$10,523$8,569$3,059
19 years$17,716$14,493$11,775$9,508$7,638$2,540
20 years$16,654$13,467$10,806$8,612$6,822$2,112
21 years$15,694$12,544$9,940$7,816$6,105$1,758
22 years$14,822$11,710$9,161$7,106$5,472$1,464
23 years$14,028$10,952$8,459$6,472$4,912$1,220
24 years$13,301$10,261$7,823$5,903$4,415$1,017
25 years$12,633$9,630$7,245$5,391$3,973$849
26 years$12,017$9,050$6,720$4,929$3,579$708
27 years$11,448$8,517$6,240$4,512$3,227$591
28 years$10,921$8,026$5,801$4,134$2,911$494
29 years$10,431$7,571$5,398$3,791$2,629$412
30 years$9,974$7,150$5,028$3,479$2,375$344
31 years$9,548$6,760$4,688$3,195$2,148$288
32 years$9,149$6,396$4,374$2,936$1,943$240
33 years$8,775$6,057$4,084$2,700$1,758$201
34 years$8,424$5,741$3,816$2,484$1,592$168
35 years$8,094$5,445$3,567$2,287$1,442$140
36 years$7,782$5,168$3,337$2,106$1,306$117
37 years$7,489$4,908$3,123$1,941$1,184$98
38 years$7,211$4,665$2,925$1,789$1,073$82
39 years$6,948$4,436$2,740$1,649$973$69
40 years$6,699$4,220$2,569$1,521$883$57
41 years$6,463$4,017$2,408$1,404$801$48
42 years$6,238$3,826$2,259$1,295$727$40
43 years$6,025$3,645$2,120$1,196$660$33
44 years$5,822$3,475$1,990$1,104$599$28
45 years$5,628$3,314$1,869$1,020$544$23
46 years$5,444$3,161$1,755$942$493$20
47 years$5,268$3,017$1,649$870$448$16
48 years$5,099$2,880$1,549$804$407$14
49 years$4,938$2,750$1,456$743$370$11
50 years$4,784$2,627$1,369$687$336$10

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 $3,651 every year, while hoping to spend $30,342 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: 79/16/5 Blend
53$4,900,000$4,900,000$4,900,000$4,900,000
54$5,403,566$5,143,866$5,067,916$5,829,128
55$5,922,446$5,363,632$5,205,408$6,328,093
56$6,493,235$5,593,149$5,346,488$6,870,915
57$7,121,195$5,832,864$5,491,246$7,465,413
58$7,812,126$6,083,243$5,639,771$8,116,719
59$8,572,415$6,344,774$5,792,156$8,830,482
60$9,409,102$6,617,969$5,948,494$9,612,921
61$10,329,944$6,903,363$6,108,882$10,470,883
62$11,343,487$7,201,516$6,273,418$11,411,908
63$12,459,148$7,513,016$6,442,203$12,444,298
64$13,687,303$7,838,475$6,615,339$13,577,195
65$15,039,386$8,178,538$6,792,930$14,820,665
66$16,527,994$8,533,877$6,975,084$16,185,795
67$18,167,009$8,905,198$7,161,910$17,684,795
68$19,971,729$9,293,237$7,353,518$19,331,111
69$21,959,009$9,698,769$7,550,024$21,139,553
70$24,147,421$10,122,602$7,751,543$23,126,431
71$26,557,431$10,565,583$7,958,194$25,309,713
72$29,211,593$11,028,600$8,170,097$27,709,186
73$32,134,756$11,512,582$8,387,376$30,346,648
74$35,354,304$12,018,502$8,610,156$33,246,109
75$38,900,413$12,547,379$8,838,566$36,434,015
76$42,806,335$13,100,279$9,072,738$39,939,502
77$47,108,710$13,678,322$9,312,803$43,794,664
78$51,847,915$14,282,676$9,558,899$48,034,854
79$57,068,443$14,914,569$9,811,163$52,699,021
80$62,819,325$15,575,283$10,069,738$57,830,073
81$69,154,589$16,266,165$10,334,767$63,475,279
82$76,133,772$16,988,622$10,606,396$69,686,715
83$83,822,483$17,744,130$10,884,776$76,521,754
84$92,293,018$18,534,234$11,170,058$84,043,604
85$101,625,048$19,360,554$11,462,397$92,321,904
86$111,906,367$20,224,785$11,761,951$101,433,379
87$123,233,720$21,128,704$12,068,881$111,462,560
88$135,713,720$22,074,171$12,383,349$122,502,583
89$149,463,850$23,063,135$12,705,521$134,656,062
90$164,613,574$24,097,641$13,035,568$148,036,058
91$181,305,559$25,179,825$13,373,660$162,767,143
92$199,697,021$26,311,931$13,719,972$178,986,569
93$219,961,208$27,496,307$14,074,682$196,845,569
94$242,289,037$28,735,412$14,437,970$216,510,773
95$266,890,896$30,031,825$14,810,019$238,165,782
96$293,998,629$31,388,245$15,191,016$262,012,899
97$323,867,723$32,807,504$15,581,150$288,275,030
98$356,779,725$34,292,565$15,980,612$317,197,792
99$393,044,891$35,846,535$16,389,597$349,051,821
100$433,005,124$37,472,669$16,808,302$384,135,326