Can I retire at age 54 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$611,085$605,642$600,331$595,148$590,086$582,713
2 years$302,517$296,883$291,423$286,129$280,994$273,574
3 years$199,675$194,016$188,570$183,325$178,274$171,039
4 years$148,264$142,623$137,231$132,076$127,146$120,152
5 years$117,425$111,818$106,497$101,447$96,655$89,921
6 years$96,873$91,308$86,065$81,128$76,480$70,015
7 years$82,198$76,680$71,520$66,700$62,198$56,005
8 years$71,197$65,729$60,655$55,953$51,600$45,677
9 years$62,646$57,229$52,242$47,659$43,454$37,800
10 years$55,808$50,444$45,546$41,083$37,025$31,635
11 years$50,218$44,908$40,098$35,754$31,843$26,712
12 years$45,562$40,307$35,586$31,361$27,594$22,718
13 years$41,626$36,426$31,794$27,687$24,063$19,434
14 years$38,255$33,110$28,567$24,578$21,093$16,705
15 years$35,336$30,246$25,792$21,919$18,572$14,417
16 years$32,785$27,751$23,384$19,626$16,414$12,485
17 years$30,536$25,557$21,279$17,634$14,554$10,843
18 years$28,539$23,616$19,425$15,892$12,941$9,440
19 years$26,754$21,887$17,782$14,360$11,534$8,236
20 years$25,150$20,339$16,320$13,005$10,303$7,199
21 years$23,701$18,945$15,011$11,803$9,220$6,302
22 years$22,385$17,684$13,835$10,732$8,264$5,524
23 years$21,185$16,540$12,774$9,774$7,418$4,848
24 years$20,087$15,496$11,814$8,914$6,668$4,259
25 years$19,078$14,543$10,942$8,141$6,000$3,744
26 years$18,149$13,668$10,148$7,444$5,405$3,295
27 years$17,289$12,863$9,423$6,813$4,873$2,901
28 years$16,493$12,121$8,760$6,242$4,397$2,556
29 years$15,753$11,434$8,152$5,724$3,970$2,253
30 years$15,063$10,799$7,594$5,254$3,587$1,987
31 years$14,419$10,208$7,079$4,825$3,243$1,753
32 years$13,817$9,659$6,605$4,434$2,934$1,548
33 years$13,252$9,147$6,167$4,078$2,655$1,366
34 years$12,722$8,670$5,762$3,752$2,404$1,207
35 years$12,223$8,223$5,387$3,454$2,177$1,066
36 years$11,753$7,805$5,040$3,181$1,973$942
37 years$11,309$7,413$4,717$2,931$1,788$832
38 years$10,890$7,045$4,417$2,701$1,621$736
39 years$10,493$6,699$4,139$2,491$1,470$650
40 years$10,117$6,373$3,879$2,297$1,333$575
41 years$9,760$6,067$3,637$2,120$1,210$508
42 years$9,421$5,778$3,412$1,956$1,098$449
43 years$9,099$5,505$3,202$1,806$996$397
44 years$8,792$5,248$3,005$1,667$904$352
45 years$8,500$5,004$2,822$1,540$821$311
46 years$8,221$4,774$2,650$1,422$745$275
47 years$7,955$4,556$2,490$1,314$677$243
48 years$7,701$4,349$2,340$1,214$615$215
49 years$7,458$4,153$2,199$1,122$558$190
50 years$7,225$3,967$2,068$1,037$507$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,400,000, adding $3,661 every year, while hoping to spend $44,572 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: 40/39/21 Blend
53$7,400,000$7,400,000$7,400,000$7,400,000
54$8,158,576$7,766,376$7,651,676$8,434,031
55$8,943,327$8,099,504$7,860,583$8,965,003
56$9,806,628$8,447,462$8,074,995$9,534,534
57$10,756,445$8,810,929$8,295,048$10,149,774
58$11,801,554$9,190,616$8,520,883$10,814,912
59$12,951,624$9,587,268$8,752,645$11,534,548
60$14,217,311$10,001,665$8,990,479$12,313,728
61$15,610,353$10,434,623$9,234,537$13,157,994
62$17,143,686$10,886,996$9,484,971$14,073,431
63$18,831,563$11,359,680$9,741,938$15,066,722
64$20,689,688$11,853,610$10,005,599$16,145,208
65$22,735,368$12,369,769$10,276,119$17,316,953
66$24,987,670$12,909,182$10,553,663$18,590,820
67$27,467,606$13,472,925$10,838,404$19,976,548
68$30,198,327$14,062,124$11,130,516$21,484,841
69$33,205,347$14,677,958$11,430,179$23,127,466
70$36,516,776$15,321,662$11,737,573$24,917,360
71$40,163,593$15,994,529$12,052,887$26,868,746
72$44,179,931$16,697,912$12,376,311$28,997,268
73$48,603,404$17,433,231$12,708,038$31,320,127
74$53,475,461$18,201,969$13,048,267$33,856,244
75$58,841,775$19,005,682$13,397,201$36,626,434
76$64,752,675$19,846,000$13,755,046$39,653,592
77$71,263,622$20,724,628$14,122,014$42,962,910
78$78,435,730$21,643,353$14,498,320$46,582,104
79$86,336,344$22,604,047$14,884,183$50,541,674
80$95,039,676$23,608,670$15,279,829$54,875,184
81$104,627,505$24,659,277$15,685,484$59,619,570
82$115,189,946$25,758,017$16,101,383$64,815,489
83$126,826,304$26,907,144$16,527,764$70,507,686
84$139,646,011$28,109,018$16,964,868$76,745,416
85$153,769,657$29,366,112$17,412,943$83,582,903
86$169,330,126$30,681,016$17,872,241$91,079,835
87$186,473,856$32,056,442$18,343,019$99,301,929
88$205,362,216$33,495,235$18,825,537$108,321,536
89$226,173,032$35,000,371$19,320,062$118,218,317
90$249,102,263$36,574,971$19,826,866$129,079,988
91$274,365,852$38,222,303$20,346,224$141,003,133
92$302,201,765$39,945,792$20,878,419$154,094,111
93$332,872,235$41,749,026$21,423,736$168,470,043
94$366,666,239$43,635,764$21,982,466$184,259,912
95$403,902,223$45,609,944$22,554,907$201,605,765
96$444,931,112$47,675,694$23,141,359$220,664,045
97$490,139,621$49,837,338$23,742,129$241,607,051
98$539,953,901$52,099,407$24,357,530$264,624,552
99$594,843,570$54,466,648$24,987,878$289,925,567
100$655,326,137$56,944,037$25,633,495$317,740,320