Can I retire at age 54 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$594,569$589,273$584,106$579,063$574,138$567,670
2 years$294,341$288,859$283,547$278,396$273,399$266,888
3 years$194,278$188,773$183,473$178,371$173,456$167,103
4 years$144,257$138,768$133,522$128,506$123,710$117,565
5 years$114,251$108,796$103,618$98,705$94,042$88,123
6 years$94,255$88,840$83,739$78,935$74,413$68,726
7 years$79,977$74,608$69,587$64,897$60,517$55,066
8 years$69,273$63,953$59,016$54,440$50,205$44,988
9 years$60,953$55,682$50,830$46,371$42,280$37,296
10 years$54,300$49,081$44,315$39,972$36,025$31,270
11 years$48,860$43,694$39,014$34,788$30,982$26,453
12 years$44,331$39,217$34,624$30,514$26,849$22,540
13 years$40,501$35,441$30,934$26,939$23,413$19,320
14 years$37,221$32,215$27,795$23,913$20,523$16,640
15 years$34,381$29,429$25,095$21,327$18,070$14,391
16 years$31,899$27,000$22,752$19,096$15,971$12,488
17 years$29,711$24,866$20,704$17,157$14,161$10,869
18 years$27,768$22,978$18,900$15,462$12,591$9,483
19 years$26,031$21,296$17,302$13,971$11,223$8,291
20 years$24,471$19,789$15,879$12,654$10,024$7,263
21 years$23,060$18,433$14,605$11,484$8,971$6,372
22 years$21,780$17,206$13,461$10,442$8,041$5,598
23 years$20,613$16,092$12,429$9,509$7,218$4,924
24 years$19,544$15,078$11,495$8,673$6,488$4,336
25 years$18,563$14,150$10,646$7,921$5,838$3,821
26 years$17,658$13,298$9,874$7,242$5,259$3,371
27 years$16,822$12,515$9,169$6,629$4,741$2,975
28 years$16,047$11,793$8,524$6,074$4,278$2,628
29 years$15,327$11,125$7,932$5,570$3,863$2,322
30 years$14,656$10,507$7,388$5,112$3,490$2,053
31 years$14,030$9,932$6,888$4,695$3,156$1,816
32 years$13,444$9,398$6,427$4,314$2,854$1,607
33 years$12,894$8,900$6,000$3,968$2,583$1,422
34 years$12,378$8,435$5,606$3,650$2,339$1,259
35 years$11,893$8,001$5,242$3,360$2,118$1,115
36 years$11,435$7,594$4,903$3,095$1,919$988
37 years$11,004$7,212$4,590$2,852$1,740$875
38 years$10,596$6,854$4,298$2,628$1,577$775
39 years$10,209$6,518$4,027$2,423$1,430$687
40 years$9,844$6,201$3,774$2,235$1,297$609
41 years$9,496$5,903$3,539$2,062$1,177$540
42 years$9,167$5,622$3,320$1,903$1,068$479
43 years$8,853$5,356$3,115$1,757$969$424
44 years$8,555$5,106$2,924$1,622$880$376
45 years$8,270$4,869$2,746$1,498$799$334
46 years$7,999$4,645$2,579$1,384$725$296
47 years$7,740$4,432$2,423$1,279$658$262
48 years$7,493$4,231$2,277$1,181$598$233
49 years$7,256$4,041$2,140$1,092$543$206
50 years$7,030$3,860$2,012$1,009$493$183

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,200,000, adding $2,773 every year, while hoping to spend $47,783 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: 41/31/28 Blend
53$7,200,000$7,200,000$7,200,000$7,200,000
54$7,937,260$7,555,660$7,444,060$8,197,210
55$8,696,020$7,875,047$7,642,596$8,704,912
56$9,530,572$8,208,482$7,846,180$9,249,429
57$10,448,596$8,556,604$8,054,933$9,837,935
58$11,458,555$8,920,079$8,268,975$10,474,505
59$12,569,772$9,299,607$8,488,430$11,163,617
60$13,792,520$9,695,919$8,713,424$11,910,184
61$15,138,118$10,109,780$8,944,085$12,719,609
62$16,619,038$10,541,992$9,180,544$13,597,823
63$18,249,022$10,993,391$9,422,934$14,551,349
64$20,043,212$11,464,857$9,671,392$15,587,351
65$22,018,292$11,957,308$9,926,057$16,713,707
66$24,192,647$12,471,705$10,187,069$17,939,077
67$26,586,534$13,009,055$10,454,572$19,272,983
68$29,222,273$13,570,411$10,728,712$20,725,896
69$32,124,461$14,156,878$11,009,640$22,309,329
70$35,320,199$14,769,608$11,297,507$24,035,949
71$38,839,353$15,409,813$11,592,467$25,919,686
72$42,714,830$16,078,757$11,894,678$27,975,866
73$46,982,893$16,777,766$12,204,300$30,221,351
74$51,683,499$17,508,227$12,521,495$32,674,694
75$56,860,680$18,271,595$12,846,429$35,356,308
76$62,562,956$19,069,389$13,179,271$38,288,661
77$68,843,792$19,903,204$13,520,191$41,496,476
78$75,762,105$20,774,707$13,869,363$45,006,966
79$83,382,818$21,685,645$14,226,965$48,850,084
80$91,777,472$22,637,849$14,593,175$53,058,801
81$101,024,903$23,633,233$14,968,176$57,669,413
82$111,211,986$24,673,803$15,352,152$62,721,877
83$122,434,451$25,761,662$15,745,291$68,260,184
84$134,797,790$26,899,010$16,147,785$74,332,770
85$148,418,254$28,088,151$16,559,825$80,992,962
86$163,423,945$29,331,499$16,981,608$88,299,482
87$179,956,028$30,631,582$17,413,332$96,316,992
88$198,170,062$31,991,049$17,855,198$105,116,697
89$218,237,471$33,412,673$18,307,410$114,777,008
90$240,347,159$34,899,360$18,770,174$125,384,283
91$264,707,293$36,454,153$19,243,699$137,033,625
92$291,547,270$38,080,239$19,728,195$149,829,779
93$321,119,879$39,780,959$20,223,877$163,888,108
94$353,703,690$41,559,809$20,730,961$179,335,675
95$389,605,682$43,420,455$21,249,663$196,312,435
96$429,164,139$45,366,735$21,780,205$214,972,544
97$472,751,848$47,402,672$22,322,808$235,485,806
98$520,779,611$49,532,477$22,877,697$258,039,267
99$573,700,129$51,760,566$23,445,098$282,838,965
100$632,012,272$54,091,563$24,025,238$310,111,871