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%17.1%
1 years$586,311$581,089$575,993$571,020$566,164$549,803
2 years$290,253$284,847$279,608$274,529$269,602$253,249
3 years$191,580$186,151$180,925$175,893$171,047$155,213
4 years$142,253$136,841$131,667$126,721$121,992$106,800
5 years$112,665$107,285$102,179$97,334$92,736$78,227
6 years$92,945$87,606$82,576$77,839$73,379$59,566
7 years$78,866$73,571$68,621$63,996$59,677$46,560
8 years$68,311$63,064$58,196$53,684$49,508$37,080
9 years$60,106$54,909$50,124$45,727$41,693$29,940
10 years$53,546$48,399$43,699$39,417$35,524$24,432
11 years$48,182$43,087$38,472$34,305$30,552$20,101
12 years$43,715$38,673$34,143$30,090$26,476$16,646
13 years$39,939$34,949$30,505$26,565$23,087$13,857
14 years$36,704$31,768$27,409$23,581$20,238$11,584
15 years$33,904$29,020$24,746$21,030$17,819$9,718
16 years$31,456$26,625$22,436$18,830$15,749$8,175
17 years$29,298$24,521$20,416$16,919$13,964$6,894
18 years$27,382$22,659$18,637$15,247$12,416$5,825
19 years$25,670$21,000$17,061$13,777$11,067$4,930
20 years$24,131$19,514$15,658$12,478$9,885$4,178
21 years$22,740$18,177$14,402$11,325$8,846$3,545
22 years$21,477$16,967$13,274$10,297$7,929$3,011
23 years$20,326$15,869$12,256$9,377$7,118$2,559
24 years$19,273$14,868$11,335$8,553$6,398$2,177
25 years$18,305$13,953$10,498$7,811$5,757$1,852
26 years$17,413$13,114$9,737$7,142$5,186$1,577
27 years$16,589$12,341$9,041$6,537$4,675$1,344
28 years$15,824$11,629$8,405$5,989$4,218$1,145
29 years$15,114$10,971$7,822$5,492$3,809$976
30 years$14,453$10,361$7,286$5,041$3,442$832
31 years$13,835$9,794$6,792$4,629$3,112$710
32 years$13,257$9,268$6,337$4,255$2,815$606
33 years$12,715$8,777$5,917$3,912$2,547$517
34 years$12,206$8,318$5,529$3,600$2,306$441
35 years$11,728$7,890$5,169$3,314$2,089$376
36 years$11,276$7,488$4,835$3,052$1,893$321
37 years$10,851$7,112$4,526$2,812$1,715$274
38 years$10,448$6,759$4,238$2,592$1,555$234
39 years$10,068$6,427$3,971$2,390$1,410$200
40 years$9,707$6,115$3,722$2,204$1,279$170
41 years$9,364$5,821$3,490$2,034$1,161$146
42 years$9,039$5,544$3,274$1,877$1,053$124
43 years$8,730$5,282$3,072$1,733$956$106
44 years$8,436$5,035$2,883$1,600$867$91
45 years$8,155$4,801$2,707$1,477$788$77
46 years$7,888$4,580$2,543$1,365$715$66
47 years$7,633$4,371$2,389$1,261$649$56
48 years$7,389$4,173$2,245$1,165$590$48
49 years$7,155$3,985$2,110$1,077$536$41
50 years$6,932$3,806$1,984$995$486$35

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 $5,220 every year, while hoping to spend $32,716 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: 65/9/26 Blend
53$7,100,000$7,100,000$7,100,000$7,100,000
54$7,829,584$7,453,284$7,343,234$8,284,769
55$8,593,392$7,783,686$7,554,423$8,923,018
56$9,434,012$8,129,180$7,771,590$9,616,215
57$10,359,245$8,490,473$7,994,901$10,373,164
58$11,377,684$8,868,302$8,224,527$11,200,138
59$12,498,800$9,263,442$8,460,641$12,104,041
60$13,733,029$9,676,702$8,703,424$13,092,472
61$15,091,869$10,108,932$8,953,060$14,173,797
62$16,587,990$10,561,020$9,209,738$15,357,227
63$18,235,353$11,033,897$9,473,652$16,652,902
64$20,049,342$11,528,541$9,745,002$18,071,987
65$22,046,908$12,045,973$10,023,993$19,626,777
66$24,246,730$12,587,263$10,310,834$21,330,809
67$26,669,393$13,153,535$10,605,743$23,198,991
68$29,337,575$13,745,963$10,908,940$25,247,740
69$32,276,272$14,365,778$11,220,653$27,495,136
70$35,513,022$15,014,273$11,541,116$29,961,091
71$39,078,176$15,692,797$11,870,568$32,667,535
72$43,005,173$16,402,768$12,209,256$35,638,624
73$47,330,867$17,145,670$12,557,433$38,900,962
74$52,095,866$17,923,057$12,915,356$42,483,854
75$57,344,917$18,736,561$13,283,294$46,419,578
76$63,127,333$19,587,887$13,661,519$50,743,691
77$69,497,453$20,478,824$14,050,311$55,495,360
78$76,515,155$21,411,249$14,449,959$60,717,732
79$84,246,425$22,387,124$14,860,756$66,458,336
80$92,763,976$23,408,509$15,283,008$72,769,534
81$102,147,937$24,477,561$15,717,024$79,709,007
82$112,486,606$25,596,541$16,163,123$87,340,305
83$123,877,286$26,767,818$16,621,634$95,733,437
84$136,427,202$27,993,874$17,092,892$104,965,533
85$150,254,514$29,277,311$17,577,241$115,121,570
86$165,489,432$30,620,857$18,075,036$126,295,169
87$182,275,444$32,027,368$18,586,639$138,589,478
88$200,770,670$33,499,841$19,112,423$152,118,144
89$221,149,358$35,041,413$19,652,769$167,006,377
90$243,603,525$36,655,374$20,208,070$183,392,135
91$268,344,771$38,345,174$20,778,726$201,427,422
92$295,606,275$40,114,424$21,365,150$221,279,716
93$325,644,997$41,966,914$21,967,765$243,133,550
94$358,744,106$43,906,612$22,587,005$267,192,247
95$395,215,649$45,937,680$23,223,313$293,679,841
96$435,403,498$48,064,479$23,877,147$322,843,181
97$479,686,597$50,291,580$24,548,974$354,954,262
98$528,482,538$52,623,776$25,239,272$390,312,788
99$582,251,504$55,066,088$25,948,535$429,248,994
100$641,500,613$57,623,782$26,677,267$472,126,761