Can I retire at age 54 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$586,311$581,089$575,993$571,020$566,164$546,511
2 years$290,253$284,847$279,608$274,529$269,602$250,005
3 years$191,580$186,151$180,925$175,893$171,047$152,121
4 years$142,253$136,841$131,667$126,721$121,992$103,883
5 years$112,665$107,285$102,179$97,334$92,736$75,492
6 years$92,945$87,606$82,576$77,839$73,379$57,012
7 years$78,866$73,571$68,621$63,996$59,677$44,185
8 years$68,311$63,064$58,196$53,684$49,508$34,878
9 years$60,106$54,909$50,124$45,727$41,693$27,906
10 years$53,546$48,399$43,699$39,417$35,524$22,558
11 years$48,182$43,087$38,472$34,305$30,552$18,381
12 years$43,715$38,673$34,143$30,090$26,476$15,071
13 years$39,939$34,949$30,505$26,565$23,087$12,418
14 years$36,704$31,768$27,409$23,581$20,238$10,274
15 years$33,904$29,020$24,746$21,030$17,819$8,528
16 years$31,456$26,625$22,436$18,830$15,749$7,097
17 years$29,298$24,521$20,416$16,919$13,964$5,919
18 years$27,382$22,659$18,637$15,247$12,416$4,946
19 years$25,670$21,000$17,061$13,777$11,067$4,138
20 years$24,131$19,514$15,658$12,478$9,885$3,467
21 years$22,740$18,177$14,402$11,325$8,846$2,908
22 years$21,477$16,967$13,274$10,297$7,929$2,441
23 years$20,326$15,869$12,256$9,377$7,118$2,050
24 years$19,273$14,868$11,335$8,553$6,398$1,723
25 years$18,305$13,953$10,498$7,811$5,757$1,449
26 years$17,413$13,114$9,737$7,142$5,186$1,219
27 years$16,589$12,341$9,041$6,537$4,675$1,026
28 years$15,824$11,629$8,405$5,989$4,218$864
29 years$15,114$10,971$7,822$5,492$3,809$727
30 years$14,453$10,361$7,286$5,041$3,442$613
31 years$13,835$9,794$6,792$4,629$3,112$516
32 years$13,257$9,268$6,337$4,255$2,815$435
33 years$12,715$8,777$5,917$3,912$2,547$366
34 years$12,206$8,318$5,529$3,600$2,306$309
35 years$11,728$7,890$5,169$3,314$2,089$260
36 years$11,276$7,488$4,835$3,052$1,893$219
37 years$10,851$7,112$4,526$2,812$1,715$185
38 years$10,448$6,759$4,238$2,592$1,555$156
39 years$10,068$6,427$3,971$2,390$1,410$131
40 years$9,707$6,115$3,722$2,204$1,279$111
41 years$9,364$5,821$3,490$2,034$1,161$93
42 years$9,039$5,544$3,274$1,877$1,053$79
43 years$8,730$5,282$3,072$1,733$956$66
44 years$8,436$5,035$2,883$1,600$867$56
45 years$8,155$4,801$2,707$1,477$788$47
46 years$7,888$4,580$2,543$1,365$715$40
47 years$7,633$4,371$2,389$1,261$649$34
48 years$7,389$4,173$2,245$1,165$590$28
49 years$7,155$3,985$2,110$1,077$536$24
50 years$6,932$3,806$1,984$995$486$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,100,000, adding $5,745 every year, while hoping to spend $51,300 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: 49/42/9 Blend
53$7,100,000$7,100,000$7,100,000$7,100,000
54$7,830,126$7,453,826$7,343,776$8,194,763
55$8,574,216$7,764,481$7,535,210$8,755,683
56$9,392,484$8,088,638$7,731,337$9,358,718
57$10,292,442$8,426,906$7,932,261$10,012,531
58$11,282,366$8,779,919$8,138,087$10,721,880
59$12,371,375$9,148,343$8,348,921$11,491,993
60$13,569,516$9,532,873$8,564,871$12,328,612
61$14,887,861$9,934,238$8,786,048$13,238,045
62$16,338,605$10,353,198$9,012,563$14,227,225
63$17,935,190$10,790,551$9,244,531$15,303,772
64$19,692,422$11,247,131$9,482,065$16,476,058
65$21,626,619$11,723,811$9,725,284$17,753,292
66$23,755,759$12,221,503$9,974,307$19,145,593
67$26,099,654$12,741,163$10,229,253$20,664,093
68$28,680,131$13,283,793$10,490,246$22,321,031
69$31,521,244$13,850,438$10,757,408$24,129,867
70$34,649,496$14,442,194$11,030,866$26,105,407
71$38,094,091$15,060,209$11,310,748$28,263,940
72$41,887,212$15,705,683$11,597,181$30,623,382
73$46,064,318$16,379,871$11,890,297$33,203,448
74$50,664,484$17,084,090$12,190,227$36,025,830
75$55,730,767$17,819,717$12,497,106$39,114,396
76$61,310,614$18,588,192$12,811,067$42,495,415
77$67,456,308$19,391,024$13,132,249$46,197,796
78$74,225,461$20,229,794$13,460,789$50,253,358
79$81,681,558$21,106,155$13,796,826$54,697,123
80$89,894,559$22,021,838$14,140,501$59,567,644
81$98,941,552$22,978,656$14,491,956$64,907,359
82$108,907,487$23,978,507$14,851,334$70,762,990
83$119,885,976$25,023,379$15,218,778$77,185,974
84$131,980,173$26,115,352$15,594,435$84,232,943
85$145,303,751$27,256,605$15,978,450$91,966,253
86$159,981,975$28,449,420$16,370,969$100,454,562
87$176,152,881$29,696,186$16,772,141$109,773,474
88$193,968,581$30,999,405$17,182,114$120,006,243
89$213,596,698$32,361,698$17,601,036$131,244,550
90$235,221,947$33,785,807$18,029,057$143,589,361
91$259,047,881$35,274,607$18,466,325$157,151,872
92$285,298,809$36,831,106$18,912,991$172,054,543
93$314,221,915$38,458,458$19,369,204$188,432,254
94$346,089,590$40,159,962$19,835,112$206,433,557
95$381,202,005$41,939,077$20,310,865$226,222,078
96$419,889,942$43,799,424$20,796,612$247,978,041
97$462,517,916$45,744,796$21,292,498$271,899,962
98$509,487,618$47,779,166$21,798,672$298,206,512
99$561,241,706$49,906,696$22,315,278$327,138,563
100$618,267,980$52,131,744$22,842,460$358,961,454