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%12.3%
1 years$602,827$597,458$592,219$587,105$582,112$576,513
2 years$298,429$292,871$287,485$282,262$277,196$271,556
3 years$196,977$191,395$186,022$180,848$175,865$170,358
4 years$146,260$140,695$135,376$130,291$125,428$120,097
5 years$115,838$110,307$105,057$100,076$95,349$90,210
6 years$95,564$90,074$84,902$80,031$75,446$70,505
7 years$81,087$75,644$70,554$65,798$61,358$56,617
8 years$70,235$64,841$59,835$55,197$50,902$46,362
9 years$61,799$56,456$51,536$47,015$42,867$38,525
10 years$55,054$49,763$44,930$40,528$36,525$32,379
11 years$49,539$44,301$39,556$35,271$31,413$27,459
12 years$44,947$39,762$35,105$30,938$27,221$23,457
13 years$41,064$35,933$31,364$27,313$23,738$20,157
14 years$37,738$32,662$28,181$24,246$20,808$17,407
15 years$34,859$29,838$25,443$21,623$18,321$15,095
16 years$32,342$27,376$23,068$19,361$16,192$13,135
17 years$30,123$25,212$20,991$17,396$14,357$11,464
18 years$28,153$23,297$19,162$15,677$12,766$10,031
19 years$26,393$21,591$17,542$14,165$11,378$8,796
20 years$24,810$20,064$16,099$12,830$10,163$7,728
21 years$23,381$18,689$14,808$11,644$9,095$6,800
22 years$22,082$17,445$13,648$10,587$8,153$5,992
23 years$20,899$16,316$12,602$9,642$7,318$5,287
24 years$19,816$15,287$11,654$8,794$6,578$4,670
25 years$18,821$14,346$10,794$8,031$5,919$4,129
26 years$17,904$13,483$10,011$7,343$5,332$3,653
27 years$17,056$12,689$9,296$6,721$4,807$3,235
28 years$16,270$11,957$8,642$6,158$4,337$2,866
29 years$15,540$11,280$8,042$5,647$3,916$2,541
30 years$14,860$10,653$7,491$5,183$3,539$2,254
31 years$14,225$10,070$6,984$4,760$3,199$2,000
32 years$13,630$9,529$6,516$4,374$2,894$1,775
33 years$13,073$9,024$6,084$4,023$2,619$1,577
34 years$12,550$8,552$5,684$3,701$2,371$1,401
35 years$12,058$8,112$5,314$3,407$2,148$1,244
36 years$11,594$7,699$4,972$3,138$1,946$1,106
37 years$11,156$7,313$4,653$2,891$1,764$983
38 years$10,743$6,950$4,358$2,665$1,599$874
39 years$10,351$6,608$4,083$2,457$1,450$777
40 years$9,980$6,287$3,827$2,266$1,315$691
41 years$9,628$5,985$3,588$2,091$1,193$615
42 years$9,294$5,700$3,366$1,930$1,083$547
43 years$8,976$5,431$3,158$1,781$983$487
44 years$8,673$5,177$2,965$1,645$892$433
45 years$8,385$4,936$2,784$1,519$810$385
46 years$8,110$4,709$2,615$1,403$735$343
47 years$7,848$4,494$2,456$1,296$668$305
48 years$7,597$4,290$2,308$1,198$606$272
49 years$7,357$4,097$2,170$1,107$551$242
50 years$7,127$3,913$2,040$1,023$500$215

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 $3,284 every year, while hoping to spend $39,509 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: 49/30/21 Blend
53$7,300,000$7,300,000$7,300,000$7,300,000
54$8,047,987$7,661,087$7,547,937$8,394,620
55$8,826,845$7,994,443$7,758,756$8,969,107
56$9,683,822$8,342,810$7,975,313$9,588,584
57$10,626,844$8,706,880$8,197,759$10,260,747
58$11,664,646$9,087,381$8,426,247$10,990,574
59$12,806,850$9,485,073$8,660,937$11,783,535
60$14,064,060$9,900,753$8,901,990$12,645,642
61$15,447,960$10,335,255$9,149,572$13,583,503
62$16,971,422$10,789,453$9,403,852$14,604,380
63$18,648,632$11,264,261$9,665,006$15,716,259
64$20,495,220$11,760,637$9,933,212$16,927,921
65$22,528,410$12,279,586$10,208,652$18,249,022
66$24,767,179$12,822,157$10,491,513$19,690,180
67$27,232,440$13,389,452$10,781,988$21,263,076
68$29,947,237$13,982,623$11,080,272$22,980,559
69$32,936,961$14,602,878$11,386,568$24,856,763
70$36,229,593$15,251,481$11,701,080$26,907,241
71$39,855,965$15,929,756$12,024,019$29,149,103
72$43,850,052$16,639,093$12,355,602$31,601,179
73$48,249,292$17,380,944$12,696,050$34,284,192
74$53,094,941$18,156,831$13,045,588$37,220,945
75$58,432,459$18,968,349$13,404,449$40,436,539
76$64,311,941$19,817,170$13,772,870$43,958,602
77$70,788,591$20,705,043$14,151,093$47,817,547
78$77,923,239$21,633,802$14,539,366$52,046,852
79$85,782,919$22,605,368$14,937,945$56,683,373
80$94,441,499$23,621,753$15,347,088$61,767,687
81$103,980,379$24,685,066$15,767,062$67,344,472
82$114,489,259$25,797,515$16,198,140$73,462,916
83$126,066,985$26,961,415$16,640,600$80,177,185
84$138,822,483$28,179,191$17,094,726$87,546,920
85$152,875,788$29,453,382$17,560,810$95,637,802
86$168,359,172$30,786,652$18,039,151$104,522,157
87$185,418,398$32,181,788$18,530,053$114,279,638
88$204,214,092$33,641,713$19,033,828$124,997,969
89$224,923,263$35,169,490$19,550,794$136,773,762
90$247,740,968$36,768,328$20,081,278$149,713,427
91$272,882,158$38,441,587$20,625,612$163,934,162
92$300,583,705$40,192,792$21,184,137$179,565,057
93$331,106,638$42,025,634$21,757,201$196,748,300
94$364,738,608$43,943,982$22,345,160$215,640,511
95$401,796,599$45,951,891$22,948,376$236,414,212
96$442,629,928$48,053,609$23,567,222$259,259,443
97$487,623,533$50,253,589$24,202,077$284,385,548
98$537,201,615$52,556,496$24,853,328$312,023,139
99$591,831,636$54,967,221$25,521,371$342,426,262
100$652,028,737$57,490,888$26,206,610$375,874,783