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%14.4%
1 years$594,569$589,273$584,106$579,063$574,138$563,699
2 years$294,341$288,859$283,547$278,396$273,399$262,919
3 years$194,278$188,773$183,473$178,371$173,456$163,262
4 years$144,257$138,768$133,522$128,506$123,710$113,880
5 years$114,251$108,796$103,618$98,705$94,042$84,605
6 years$94,255$88,840$83,739$78,935$74,413$65,378
7 years$79,977$74,608$69,587$64,897$60,517$51,888
8 years$69,273$63,953$59,016$54,440$50,205$41,979
9 years$60,953$55,682$50,830$46,371$42,280$34,452
10 years$54,300$49,081$44,315$39,972$36,025$28,588
11 years$48,860$43,694$39,014$34,788$30,982$23,929
12 years$44,331$39,217$34,624$30,514$26,849$20,169
13 years$40,501$35,441$30,934$26,939$23,413$17,095
14 years$37,221$32,215$27,795$23,913$20,523$14,557
15 years$34,381$29,429$25,095$21,327$18,070$12,444
16 years$31,899$27,000$22,752$19,096$15,971$10,672
17 years$29,711$24,866$20,704$17,157$14,161$9,177
18 years$27,768$22,978$18,900$15,462$12,591$7,909
19 years$26,031$21,296$17,302$13,971$11,223$6,830
20 years$24,471$19,789$15,879$12,654$10,024$5,907
21 years$23,060$18,433$14,605$11,484$8,971$5,117
22 years$21,780$17,206$13,461$10,442$8,041$4,438
23 years$20,613$16,092$12,429$9,509$7,218$3,853
24 years$19,544$15,078$11,495$8,673$6,488$3,348
25 years$18,563$14,150$10,646$7,921$5,838$2,911
26 years$17,658$13,298$9,874$7,242$5,259$2,533
27 years$16,822$12,515$9,169$6,629$4,741$2,206
28 years$16,047$11,793$8,524$6,074$4,278$1,922
29 years$15,327$11,125$7,932$5,570$3,863$1,675
30 years$14,656$10,507$7,388$5,112$3,490$1,460
31 years$14,030$9,932$6,888$4,695$3,156$1,273
32 years$13,444$9,398$6,427$4,314$2,854$1,111
33 years$12,894$8,900$6,000$3,968$2,583$969
34 years$12,378$8,435$5,606$3,650$2,339$846
35 years$11,893$8,001$5,242$3,360$2,118$739
36 years$11,435$7,594$4,903$3,095$1,919$645
37 years$11,004$7,212$4,590$2,852$1,740$563
38 years$10,596$6,854$4,298$2,628$1,577$492
39 years$10,209$6,518$4,027$2,423$1,430$430
40 years$9,844$6,201$3,774$2,235$1,297$375
41 years$9,496$5,903$3,539$2,062$1,177$328
42 years$9,167$5,622$3,320$1,903$1,068$286
43 years$8,853$5,356$3,115$1,757$969$250
44 years$8,555$5,106$2,924$1,622$880$219
45 years$8,270$4,869$2,746$1,498$799$191
46 years$7,999$4,645$2,579$1,384$725$167
47 years$7,740$4,432$2,423$1,279$658$146
48 years$7,493$4,231$2,277$1,181$598$128
49 years$7,256$4,041$2,140$1,092$543$111
50 years$7,030$3,860$2,012$1,009$493$97

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 $2,358 every year, while hoping to spend $40,769 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: 50/27/23 Blend
53$7,200,000$7,200,000$7,200,000$7,200,000
54$7,936,832$7,555,232$7,443,632$8,282,277
55$8,703,011$7,882,061$7,649,616$8,849,268
56$9,545,974$8,223,537$7,861,134$9,460,834
57$10,473,510$8,580,337$8,078,328$10,124,692
58$11,494,200$8,953,166$8,301,345$10,845,805
59$12,617,501$9,342,764$8,530,332$11,629,629
60$13,853,832$9,749,905$8,765,444$12,482,161
61$15,214,674$10,175,401$9,006,837$13,409,993
62$16,712,675$10,620,100$9,254,670$14,420,373
63$18,361,774$11,084,891$9,509,109$15,521,273
64$20,177,331$11,570,707$9,770,319$16,721,459
65$22,176,268$12,078,520$10,038,474$18,030,573
66$24,377,233$12,609,354$10,313,749$19,459,221
67$26,800,774$13,164,276$10,596,324$21,019,071
68$29,469,535$13,744,407$10,886,382$22,722,960
69$32,408,464$14,350,920$11,184,112$24,585,011
70$35,645,055$14,985,042$11,489,707$26,620,768
71$39,209,602$15,648,060$11,803,364$28,847,335
72$43,135,488$16,341,323$12,125,284$31,283,534
73$47,459,500$17,066,239$12,455,673$33,950,084
74$52,222,173$17,824,289$12,794,742$36,869,790
75$57,468,176$18,617,020$13,142,707$40,067,753
76$63,246,730$19,446,054$13,499,787$43,571,606
77$69,612,075$20,313,091$13,866,210$47,411,771
78$76,623,983$21,219,908$14,242,204$51,621,740
79$84,348,317$22,168,371$14,628,005$56,238,389
80$92,857,656$23,160,432$15,023,854$61,302,319
81$102,231,982$24,198,138$15,429,998$66,858,237
82$112,559,428$25,283,630$15,846,687$72,955,373
83$123,937,116$26,419,155$16,274,178$79,647,938
84$136,472,073$27,607,065$16,712,733$86,995,632
85$150,282,236$28,849,823$17,162,622$95,064,201
86$165,497,572$30,150,011$17,624,117$103,926,052
87$182,261,298$31,510,336$18,097,498$113,660,932
88$200,731,237$32,933,629$18,583,052$124,356,671
89$221,081,308$34,422,862$19,081,069$136,110,010
90$243,503,164$35,981,145$19,591,847$149,027,502
91$268,208,004$37,611,738$20,115,691$163,226,513
92$295,428,564$39,318,056$20,652,910$178,836,322
93$325,421,316$41,103,680$21,203,822$195,999,335
94$358,468,889$42,972,359$21,768,748$214,872,419
95$394,882,734$44,928,023$22,348,020$235,628,375
96$435,006,067$46,974,790$22,941,972$258,457,563
97$479,217,106$49,116,976$23,550,949$283,569,684
98$527,932,645$51,359,101$24,175,300$311,195,757
99$581,611,984$53,705,906$24,815,382$341,590,281
100$640,761,267$56,162,356$25,471,557$375,033,638