Can I retire at age 54 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$602,827$597,458$592,219$587,105$582,112$560,789
2 years$298,429$292,871$287,485$282,262$277,196$255,951
3 years$196,977$191,395$186,022$180,848$175,865$155,366
4 years$146,260$140,695$135,376$130,291$125,428$105,831
5 years$115,838$110,307$105,057$100,076$95,349$76,705
6 years$95,564$90,074$84,902$80,031$75,446$57,769
7 years$81,087$75,644$70,554$65,798$61,358$44,644
8 years$70,235$64,841$59,835$55,197$50,902$35,136
9 years$61,799$56,456$51,536$47,015$42,867$28,027
10 years$55,054$49,763$44,930$40,528$36,525$22,584
11 years$49,539$44,301$39,556$35,271$31,413$18,342
12 years$44,947$39,762$35,105$30,938$27,221$14,989
13 years$41,064$35,933$31,364$27,313$23,738$12,309
14 years$37,738$32,662$28,181$24,246$20,808$10,148
15 years$34,859$29,838$25,443$21,623$18,321$8,393
16 years$32,342$27,376$23,068$19,361$16,192$6,960
17 years$30,123$25,212$20,991$17,396$14,357$5,783
18 years$28,153$23,297$19,162$15,677$12,766$4,814
19 years$26,393$21,591$17,542$14,165$11,378$4,013
20 years$24,810$20,064$16,099$12,830$10,163$3,349
21 years$23,381$18,689$14,808$11,644$9,095$2,798
22 years$22,082$17,445$13,648$10,587$8,153$2,340
23 years$20,899$16,316$12,602$9,642$7,318$1,958
24 years$19,816$15,287$11,654$8,794$6,578$1,639
25 years$18,821$14,346$10,794$8,031$5,919$1,373
26 years$17,904$13,483$10,011$7,343$5,332$1,150
27 years$17,056$12,689$9,296$6,721$4,807$964
28 years$16,270$11,957$8,642$6,158$4,337$808
29 years$15,540$11,280$8,042$5,647$3,916$678
30 years$14,860$10,653$7,491$5,183$3,539$569
31 years$14,225$10,070$6,984$4,760$3,199$477
32 years$13,630$9,529$6,516$4,374$2,894$400
33 years$13,073$9,024$6,084$4,023$2,619$336
34 years$12,550$8,552$5,684$3,701$2,371$282
35 years$12,058$8,112$5,314$3,407$2,148$237
36 years$11,594$7,699$4,972$3,138$1,946$199
37 years$11,156$7,313$4,653$2,891$1,764$167
38 years$10,743$6,950$4,358$2,665$1,599$140
39 years$10,351$6,608$4,083$2,457$1,450$117
40 years$9,980$6,287$3,827$2,266$1,315$99
41 years$9,628$5,985$3,588$2,091$1,193$83
42 years$9,294$5,700$3,366$1,930$1,083$69
43 years$8,976$5,431$3,158$1,781$983$58
44 years$8,673$5,177$2,965$1,645$892$49
45 years$8,385$4,936$2,784$1,519$810$41
46 years$8,110$4,709$2,615$1,403$735$35
47 years$7,848$4,494$2,456$1,296$668$29
48 years$7,597$4,290$2,308$1,198$606$24
49 years$7,357$4,097$2,170$1,107$551$20
50 years$7,127$3,913$2,040$1,023$500$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,300,000, adding $2,122 every year, while hoping to spend $53,803 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: 63/24/13 Blend
53$7,300,000$7,300,000$7,300,000$7,300,000
54$8,046,789$7,659,889$7,546,739$8,528,783
55$8,810,315$7,977,977$7,742,309$9,170,004
56$9,649,918$8,309,849$7,942,627$9,863,518
57$10,573,301$8,656,122$8,147,795$10,619,478
58$11,588,949$9,017,445$8,357,919$11,443,954
59$12,706,215$9,394,492$8,573,102$12,343,622
60$13,935,401$9,787,974$8,793,452$13,325,829
61$15,287,858$10,198,631$9,019,079$14,398,656
62$16,776,093$10,627,237$9,250,092$15,570,996
63$18,413,888$11,074,605$9,486,603$16,852,638
64$20,216,426$11,541,583$9,728,727$18,254,351
65$22,200,440$12,029,059$9,976,578$19,787,991
66$24,384,365$12,537,963$10,230,272$21,466,607
67$26,788,513$13,069,266$10,489,930$23,304,562
68$29,435,268$13,623,987$10,755,669$25,317,668
69$32,349,294$14,203,190$11,027,612$27,523,333
70$35,557,766$14,807,991$11,305,882$29,940,723
71$39,090,631$15,439,555$11,590,602$32,590,937
72$42,980,887$16,099,105$11,881,898$35,497,209
73$47,264,893$16,787,917$12,179,897$38,685,122
74$51,982,717$17,507,329$12,484,729$42,182,846
75$57,178,508$18,258,742$12,796,521$46,021,404
76$62,900,916$19,043,622$13,115,405$50,234,958
77$69,203,552$19,863,501$13,441,513$54,861,131
78$76,145,489$20,719,987$13,774,979$59,941,358
79$83,791,823$21,614,761$14,115,935$65,521,276
80$92,214,288$22,549,583$14,464,518$71,651,146
81$101,491,929$23,526,296$14,820,862$78,386,329
82$111,711,850$24,546,829$15,185,105$85,787,803
83$122,970,037$25,613,202$15,557,385$93,922,735
84$135,372,261$26,727,530$15,937,838$102,865,108
85$149,035,080$27,892,027$16,326,604$112,696,419
86$164,086,935$29,109,013$16,723,821$123,506,443
87$180,669,362$30,380,914$17,129,629$135,394,075
88$198,938,332$31,710,274$17,544,167$148,468,255
89$219,065,718$33,099,754$17,967,573$162,849,000
90$241,240,922$34,552,143$18,399,987$178,668,524
91$265,672,658$36,070,359$18,841,548$196,072,482
92$292,590,923$37,657,461$19,292,394$215,221,341
93$322,249,170$39,316,649$19,752,663$236,291,889
94$354,926,699$41,051,278$20,222,490$259,478,895
95$390,931,291$42,864,860$20,702,012$284,996,943
96$430,602,116$44,761,072$21,191,364$313,082,448
97$474,312,935$46,743,767$21,690,677$343,995,887
98$522,475,623$48,816,981$22,200,084$378,024,241
99$575,544,063$50,984,939$22,719,713$415,483,706
100$634,018,425$53,252,069$23,249,691$456,722,662