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%17.8%
1 years$594,569$589,273$584,106$579,063$574,138$555,982
2 years$294,341$288,859$283,547$278,396$273,399$255,272
3 years$194,278$188,773$183,473$178,371$173,456$155,926
4 years$144,257$138,768$133,522$128,506$123,710$106,912
5 years$114,251$108,796$103,618$98,705$94,042$78,021
6 years$94,255$88,840$83,739$78,935$74,413$59,182
7 years$79,977$74,608$69,587$64,897$60,517$46,076
8 years$69,273$63,953$59,016$54,440$50,205$36,543
9 years$60,953$55,682$50,830$46,371$42,280$29,382
10 years$54,300$49,081$44,315$39,972$36,025$23,871
11 years$48,860$43,694$39,014$34,788$30,982$19,551
12 years$44,331$39,217$34,624$30,514$26,849$16,116
13 years$40,501$35,441$30,934$26,939$23,413$13,352
14 years$37,221$32,215$27,795$23,913$20,523$11,108
15 years$34,381$29,429$25,095$21,327$18,070$9,273
16 years$31,899$27,000$22,752$19,096$15,971$7,762
17 years$29,711$24,866$20,704$17,157$14,161$6,512
18 years$27,768$22,978$18,900$15,462$12,591$5,473
19 years$26,031$21,296$17,302$13,971$11,223$4,608
20 years$24,471$19,789$15,879$12,654$10,024$3,884
21 years$23,060$18,433$14,605$11,484$8,971$3,278
22 years$21,780$17,206$13,461$10,442$8,041$2,769
23 years$20,613$16,092$12,429$9,509$7,218$2,340
24 years$19,544$15,078$11,495$8,673$6,488$1,980
25 years$18,563$14,150$10,646$7,921$5,838$1,675
26 years$17,658$13,298$9,874$7,242$5,259$1,419
27 years$16,822$12,515$9,169$6,629$4,741$1,202
28 years$16,047$11,793$8,524$6,074$4,278$1,018
29 years$15,327$11,125$7,932$5,570$3,863$863
30 years$14,656$10,507$7,388$5,112$3,490$732
31 years$14,030$9,932$6,888$4,695$3,156$620
32 years$13,444$9,398$6,427$4,314$2,854$526
33 years$12,894$8,900$6,000$3,968$2,583$446
34 years$12,378$8,435$5,606$3,650$2,339$379
35 years$11,893$8,001$5,242$3,360$2,118$321
36 years$11,435$7,594$4,903$3,095$1,919$273
37 years$11,004$7,212$4,590$2,852$1,740$231
38 years$10,596$6,854$4,298$2,628$1,577$196
39 years$10,209$6,518$4,027$2,423$1,430$167
40 years$9,844$6,201$3,774$2,235$1,297$141
41 years$9,496$5,903$3,539$2,062$1,177$120
42 years$9,167$5,622$3,320$1,903$1,068$102
43 years$8,853$5,356$3,115$1,757$969$86
44 years$8,555$5,106$2,924$1,622$880$73
45 years$8,270$4,869$2,746$1,498$799$62
46 years$7,999$4,645$2,579$1,384$725$53
47 years$7,740$4,432$2,423$1,279$658$45
48 years$7,493$4,231$2,277$1,181$598$38
49 years$7,256$4,041$2,140$1,092$543$32
50 years$7,030$3,860$2,012$1,009$493$27

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 $5,795 every year, while hoping to spend $55,306 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: 62/17/21 Blend
53$7,200,000$7,200,000$7,200,000$7,200,000
54$7,940,378$7,558,778$7,447,178$8,388,969
55$8,691,451$7,870,312$7,637,813$9,004,158
56$9,517,280$8,195,259$7,832,981$9,668,849
57$10,425,432$8,534,216$8,032,775$10,393,294
58$11,424,243$8,887,809$8,237,290$11,183,320
59$12,522,898$9,256,695$8,446,622$12,045,340
60$13,731,518$9,641,557$8,660,868$12,986,414
61$15,061,253$10,043,113$8,880,126$14,014,308
62$16,524,387$10,462,112$9,104,497$15,137,572
63$18,134,458$10,899,340$9,334,082$16,365,617
64$19,906,381$11,355,615$9,568,982$17,708,802
65$21,856,590$11,831,798$9,809,300$19,178,530
66$24,003,192$12,328,787$10,055,142$20,787,358
67$26,366,141$12,847,520$10,306,612$22,549,107
68$28,967,421$13,388,982$10,563,817$24,478,998
69$31,831,257$13,954,201$10,826,865$26,593,790
70$34,984,343$14,544,255$11,095,862$28,911,936
71$38,456,093$15,160,270$11,370,920$31,453,757
72$42,278,916$15,803,425$11,652,148$34,241,632
73$46,488,526$16,474,954$11,939,656$37,300,206
74$51,124,278$17,176,149$12,233,556$40,656,622
75$56,229,535$17,908,360$12,533,961$44,340,774
76$61,852,081$18,673,004$12,840,982$48,385,587
77$68,044,571$19,471,559$13,154,733$52,827,325
78$74,865,029$20,305,577$13,475,328$57,705,933
79$82,377,390$21,176,678$13,802,879$63,065,410
80$90,652,110$22,086,562$14,137,502$68,954,221
81$99,766,827$23,037,004$14,479,310$75,425,753
82$109,807,093$24,029,867$14,828,417$82,538,816
83$120,867,183$25,067,098$15,184,936$90,358,196
84$133,050,986$26,150,736$15,548,981$98,955,260
85$146,472,980$27,282,916$15,920,666$108,408,631
86$161,259,318$28,465,872$16,300,101$118,804,925
87$177,549,013$29,701,945$16,687,400$130,239,565
88$195,495,258$30,993,585$17,082,673$142,817,676
89$215,266,860$32,343,357$17,486,029$156,655,078
90$237,049,846$33,753,947$17,897,576$171,879,374
91$261,049,207$35,228,168$18,317,422$188,631,148
92$287,490,842$36,768,964$18,745,672$207,065,291
93$316,623,684$38,379,420$19,182,428$227,352,458
94$348,722,053$40,062,764$19,627,793$249,680,671
95$384,088,242$41,822,379$20,081,863$274,257,096
96$423,055,373$43,661,807$20,544,736$301,309,987
97$465,990,541$45,584,755$21,016,505$331,090,840
98$513,298,277$47,595,108$21,497,258$363,876,760
99$565,424,368$49,696,935$21,987,083$399,973,071
100$622,860,064$51,894,496$22,486,061$439,716,194