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%16.3%
1 years$602,827$597,458$592,219$587,105$582,112$567,119
2 years$298,429$292,871$287,485$282,262$277,196$262,191
3 years$196,977$191,395$186,022$180,848$175,865$161,317
4 years$146,260$140,695$135,376$130,291$125,428$111,449
5 years$115,838$110,307$105,057$100,076$95,349$81,977
6 years$95,564$90,074$84,902$80,031$75,446$62,695
7 years$81,087$75,644$70,554$65,798$61,358$49,229
8 years$70,235$64,841$59,835$55,197$50,902$39,389
9 years$61,799$56,456$51,536$47,015$42,867$31,960
10 years$55,054$49,763$44,930$40,528$36,525$26,210
11 years$49,539$44,301$39,556$35,271$31,413$21,676
12 years$44,947$39,762$35,105$30,938$27,221$18,045
13 years$41,064$35,933$31,364$27,313$23,738$15,102
14 years$37,738$32,662$28,181$24,246$20,808$12,695
15 years$34,859$29,838$25,443$21,623$18,321$10,710
16 years$32,342$27,376$23,068$19,361$16,192$9,061
17 years$30,123$25,212$20,991$17,396$14,357$7,686
18 years$28,153$23,297$19,162$15,677$12,766$6,533
19 years$26,393$21,591$17,542$14,165$11,378$5,562
20 years$24,810$20,064$16,099$12,830$10,163$4,742
21 years$23,381$18,689$14,808$11,644$9,095$4,049
22 years$22,082$17,445$13,648$10,587$8,153$3,460
23 years$20,899$16,316$12,602$9,642$7,318$2,959
24 years$19,816$15,287$11,654$8,794$6,578$2,533
25 years$18,821$14,346$10,794$8,031$5,919$2,170
26 years$17,904$13,483$10,011$7,343$5,332$1,860
27 years$17,056$12,689$9,296$6,721$4,807$1,595
28 years$16,270$11,957$8,642$6,158$4,337$1,368
29 years$15,540$11,280$8,042$5,647$3,916$1,174
30 years$14,860$10,653$7,491$5,183$3,539$1,007
31 years$14,225$10,070$6,984$4,760$3,199$865
32 years$13,630$9,529$6,516$4,374$2,894$743
33 years$13,073$9,024$6,084$4,023$2,619$638
34 years$12,550$8,552$5,684$3,701$2,371$548
35 years$12,058$8,112$5,314$3,407$2,148$471
36 years$11,594$7,699$4,972$3,138$1,946$404
37 years$11,156$7,313$4,653$2,891$1,764$348
38 years$10,743$6,950$4,358$2,665$1,599$299
39 years$10,351$6,608$4,083$2,457$1,450$257
40 years$9,980$6,287$3,827$2,266$1,315$221
41 years$9,628$5,985$3,588$2,091$1,193$190
42 years$9,294$5,700$3,366$1,930$1,083$163
43 years$8,976$5,431$3,158$1,781$983$140
44 years$8,673$5,177$2,965$1,645$892$120
45 years$8,385$4,936$2,784$1,519$810$104
46 years$8,110$4,709$2,615$1,403$735$89
47 years$7,848$4,494$2,456$1,296$668$77
48 years$7,597$4,290$2,308$1,198$606$66
49 years$7,357$4,097$2,170$1,107$551$57
50 years$7,127$3,913$2,040$1,023$500$49

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 $5,742 every year, while hoping to spend $55,539 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: 39/35/26 Blend
53$7,300,000$7,300,000$7,300,000$7,300,000
54$8,050,523$7,663,623$7,550,473$8,302,152
55$8,812,583$7,980,047$7,744,321$8,802,202
56$9,650,512$8,310,115$7,942,801$9,336,967
57$10,571,990$8,654,436$8,146,010$9,914,148
58$11,585,478$9,013,648$8,354,046$10,537,641
59$12,700,298$9,388,419$8,567,009$11,211,724
60$13,926,723$9,779,446$8,784,998$11,941,097
61$15,276,070$10,187,460$9,008,117$12,730,919
62$16,760,808$10,613,225$9,236,468$13,586,856
63$18,394,677$11,057,539$9,470,155$14,515,136
64$20,192,814$11,521,239$9,709,286$15,522,600
65$22,171,901$12,005,199$9,953,967$16,616,768
66$24,350,316$12,510,335$10,204,306$17,805,904
67$26,748,312$13,037,605$10,460,414$19,099,092
68$29,388,202$13,588,010$10,722,400$20,506,320
69$32,294,575$14,162,599$10,990,377$22,038,573
70$35,494,525$14,762,470$11,264,458$23,707,927
71$39,017,906$15,388,770$11,544,756$25,527,665
72$42,897,614$16,042,701$11,831,387$27,512,398
73$47,169,899$16,725,522$12,124,467$29,678,199
74$51,874,703$17,438,547$12,424,111$32,042,748
75$57,056,042$18,183,155$12,730,438$34,625,500
76$62,762,417$18,960,788$13,043,566$37,447,861
77$69,047,271$19,772,954$13,363,613$40,533,387
78$75,969,498$20,621,234$13,690,700$43,908,001
79$83,593,993$21,507,281$14,024,944$47,600,233
80$91,992,268$22,432,826$14,366,468$51,641,485
81$101,243,126$23,399,681$14,715,391$56,066,324
82$111,433,402$24,409,742$15,071,834$60,912,798
83$122,658,785$25,464,996$15,435,916$66,222,795
84$135,024,722$26,567,521$15,807,760$72,042,428
85$148,647,408$27,719,495$16,187,485$78,422,470
86$163,654,889$28,923,195$16,575,211$85,418,819
87$180,188,264$30,181,008$16,971,057$93,093,027
88$198,403,022$31,495,432$17,375,142$101,512,868
89$218,470,505$32,869,083$17,787,585$110,752,974
90$240,579,528$34,304,700$18,208,500$120,895,531
91$264,938,160$35,805,151$18,638,005$132,031,049
92$291,775,688$37,373,438$19,076,213$144,259,202
93$321,344,779$39,012,707$19,523,237$157,689,768
94$353,923,868$40,726,252$19,979,187$172,443,652
95$389,819,785$42,517,520$20,444,173$188,654,020
96$429,370,649$44,390,125$20,918,299$206,467,542
97$472,949,063$46,347,849$21,401,669$226,045,773
98$520,965,627$48,394,653$21,894,385$247,566,664
99$573,872,817$50,534,688$22,396,543$271,226,228
100$632,169,255$52,772,297$22,908,237$297,240,385