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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.1%
1 years$586,311$581,089$575,993$571,020$566,164$563,541
2 years$290,253$284,847$279,608$274,529$269,602$266,955
3 years$191,580$186,151$180,925$175,893$171,047$168,457
4 years$142,253$136,841$131,667$126,721$121,992$119,479
5 years$112,665$107,285$102,179$97,334$92,736$90,308
6 years$92,945$87,606$82,576$77,839$73,379$71,039
7 years$78,866$73,571$68,621$63,996$59,677$57,426
8 years$68,311$63,064$58,196$53,684$49,508$47,346
9 years$60,106$54,909$50,124$45,727$41,693$39,619
10 years$53,546$48,399$43,699$39,417$35,524$33,539
11 years$48,182$43,087$38,472$34,305$30,552$28,653
12 years$43,715$38,673$34,143$30,090$26,476$24,662
13 years$39,939$34,949$30,505$26,565$23,087$21,356
14 years$36,704$31,768$27,409$23,581$20,238$18,589
15 years$33,904$29,020$24,746$21,030$17,819$16,249
16 years$31,456$26,625$22,436$18,830$15,749$14,256
17 years$29,298$24,521$20,416$16,919$13,964$12,546
18 years$27,382$22,659$18,637$15,247$12,416$11,070
19 years$25,670$21,000$17,061$13,777$11,067$9,791
20 years$24,131$19,514$15,658$12,478$9,885$8,677
21 years$22,740$18,177$14,402$11,325$8,846$7,704
22 years$21,477$16,967$13,274$10,297$7,929$6,850
23 years$20,326$15,869$12,256$9,377$7,118$6,099
24 years$19,273$14,868$11,335$8,553$6,398$5,436
25 years$18,305$13,953$10,498$7,811$5,757$4,851
26 years$17,413$13,114$9,737$7,142$5,186$4,333
27 years$16,589$12,341$9,041$6,537$4,675$3,873
28 years$15,824$11,629$8,405$5,989$4,218$3,465
29 years$15,114$10,971$7,822$5,492$3,809$3,101
30 years$14,453$10,361$7,286$5,041$3,442$2,778
31 years$13,835$9,794$6,792$4,629$3,112$2,489
32 years$13,257$9,268$6,337$4,255$2,815$2,232
33 years$12,715$8,777$5,917$3,912$2,547$2,002
34 years$12,206$8,318$5,529$3,600$2,306$1,796
35 years$11,728$7,890$5,169$3,314$2,089$1,612
36 years$11,276$7,488$4,835$3,052$1,893$1,447
37 years$10,851$7,112$4,526$2,812$1,715$1,299
38 years$10,448$6,759$4,238$2,592$1,555$1,167
39 years$10,068$6,427$3,971$2,390$1,410$1,049
40 years$9,707$6,115$3,722$2,204$1,279$942
41 years$9,364$5,821$3,490$2,034$1,161$847
42 years$9,039$5,544$3,274$1,877$1,053$761
43 years$8,730$5,282$3,072$1,733$956$684
44 years$8,436$5,035$2,883$1,600$867$615
45 years$8,155$4,801$2,707$1,477$788$553
46 years$7,888$4,580$2,543$1,365$715$498
47 years$7,633$4,371$2,389$1,261$649$447
48 years$7,389$4,173$2,245$1,165$590$402
49 years$7,155$3,985$2,110$1,077$536$362
50 years$6,932$3,806$1,984$995$486$326

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 $5,671 every year, while hoping to spend $30,900 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: 50/26/24 Blend
53$7,100,000$7,100,000$7,100,000$7,100,000
54$7,830,050$7,453,750$7,343,700$8,168,404
55$8,595,837$7,786,106$7,556,836$8,736,647
56$9,438,700$8,133,712$7,776,077$9,350,325
57$10,366,466$8,497,283$8,001,595$10,016,698
58$11,387,762$8,877,567$8,233,565$10,740,768
59$12,512,094$9,275,348$8,472,169$11,528,031
60$13,749,936$9,691,447$8,717,595$12,384,528
61$15,112,827$10,126,727$8,970,033$13,316,901
62$16,613,487$10,582,087$9,229,680$14,332,452
63$18,265,927$11,058,474$9,496,738$15,439,209
64$20,085,588$11,556,876$9,771,416$16,646,003
65$22,089,486$12,078,331$10,053,926$17,962,545
66$24,296,369$12,623,925$10,344,489$19,399,515
67$26,726,898$13,194,796$10,643,328$20,968,664
68$29,403,838$13,792,137$10,950,676$22,682,920
69$32,352,276$14,417,199$11,266,770$24,556,503
70$35,599,856$15,071,289$11,591,854$26,605,065
71$39,177,040$15,755,781$11,926,180$28,845,827
72$43,117,395$16,472,112$12,270,005$31,297,739
73$47,457,913$17,221,788$12,623,593$33,981,661
74$52,239,353$18,006,389$12,987,216$36,920,549
75$57,506,633$18,827,568$13,361,154$40,139,675
76$63,309,250$19,687,059$13,745,694$43,666,854
77$69,701,748$20,586,679$14,141,128$47,532,708
78$76,744,231$21,528,332$14,547,761$51,770,951
79$84,502,934$22,514,012$14,965,903$56,418,699
80$93,050,845$23,545,810$15,395,872$61,516,816
81$102,468,394$24,625,917$15,837,997$67,110,300
82$112,844,214$25,756,631$16,292,613$73,248,697
83$124,275,974$26,940,356$16,760,066$79,986,565
84$136,871,306$28,179,616$17,240,711$87,383,985
85$150,748,816$29,477,054$17,734,912$95,507,121
86$166,039,207$30,835,441$18,243,042$104,428,837
87$182,886,508$32,257,680$18,765,486$114,229,383
88$201,449,440$33,746,814$19,302,639$124,997,141
89$221,902,909$35,306,035$19,854,903$136,829,455
90$244,439,660$36,938,684$20,422,696$149,833,542
91$269,272,092$38,648,267$21,006,444$164,127,497
92$296,634,269$40,438,456$21,606,584$179,841,399
93$326,784,126$42,313,102$22,223,566$197,118,531
94$360,005,903$44,276,240$22,857,851$216,116,726
95$396,612,830$46,332,100$23,509,914$237,009,845
96$436,950,083$48,485,117$24,180,240$259,989,410
97$481,398,042$50,739,938$24,869,328$285,266,402
98$530,375,882$53,101,435$25,577,691$313,073,242
99$584,345,533$55,574,716$26,305,854$343,665,978
100$643,816,034$58,165,134$27,054,357$377,326,684