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%19.3%
1 years$611,085$605,642$600,331$595,148$590,086$568,021
2 years$302,517$296,883$291,423$286,129$280,994$259,015
3 years$199,675$194,016$188,570$183,325$178,274$157,075
4 years$148,264$142,623$137,231$132,076$127,146$106,888
5 years$117,425$111,818$106,497$101,447$96,655$77,389
6 years$96,873$91,308$86,065$81,128$76,480$58,220
7 years$82,198$76,680$71,520$66,700$62,198$44,940
8 years$71,197$65,729$60,655$55,953$51,600$35,327
9 years$62,646$57,229$52,242$47,659$43,454$28,145
10 years$55,808$50,444$45,546$41,083$37,025$22,651
11 years$50,218$44,908$40,098$35,754$31,843$18,372
12 years$45,562$40,307$35,586$31,361$27,594$14,994
13 years$41,626$36,426$31,794$27,687$24,063$12,296
14 years$38,255$33,110$28,567$24,578$21,093$10,123
15 years$35,336$30,246$25,792$21,919$18,572$8,361
16 years$32,785$27,751$23,384$19,626$16,414$6,923
17 years$30,536$25,557$21,279$17,634$14,554$5,744
18 years$28,539$23,616$19,425$15,892$12,941$4,774
19 years$26,754$21,887$17,782$14,360$11,534$3,974
20 years$25,150$20,339$16,320$13,005$10,303$3,312
21 years$23,701$18,945$15,011$11,803$9,220$2,762
22 years$22,385$17,684$13,835$10,732$8,264$2,306
23 years$21,185$16,540$12,774$9,774$7,418$1,926
24 years$20,087$15,496$11,814$8,914$6,668$1,610
25 years$19,078$14,543$10,942$8,141$6,000$1,347
26 years$18,149$13,668$10,148$7,444$5,405$1,126
27 years$17,289$12,863$9,423$6,813$4,873$943
28 years$16,493$12,121$8,760$6,242$4,397$789
29 years$15,753$11,434$8,152$5,724$3,970$661
30 years$15,063$10,799$7,594$5,254$3,587$553
31 years$14,419$10,208$7,079$4,825$3,243$463
32 years$13,817$9,659$6,605$4,434$2,934$388
33 years$13,252$9,147$6,167$4,078$2,655$325
34 years$12,722$8,670$5,762$3,752$2,404$272
35 years$12,223$8,223$5,387$3,454$2,177$228
36 years$11,753$7,805$5,040$3,181$1,973$191
37 years$11,309$7,413$4,717$2,931$1,788$160
38 years$10,890$7,045$4,417$2,701$1,621$134
39 years$10,493$6,699$4,139$2,491$1,470$113
40 years$10,117$6,373$3,879$2,297$1,333$94
41 years$9,760$6,067$3,637$2,120$1,210$79
42 years$9,421$5,778$3,412$1,956$1,098$66
43 years$9,099$5,505$3,202$1,806$996$56
44 years$8,792$5,248$3,005$1,667$904$47
45 years$8,500$5,004$2,822$1,540$821$39
46 years$8,221$4,774$2,650$1,422$745$33
47 years$7,955$4,556$2,490$1,314$677$27
48 years$7,701$4,349$2,340$1,214$615$23
49 years$7,458$4,153$2,199$1,122$558$19
50 years$7,225$3,967$2,068$1,037$507$16

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 $2,176 every year, while hoping to spend $53,859 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: 55/18/27 Blend
53$7,400,000$7,400,000$7,400,000$7,400,000
54$8,157,045$7,764,845$7,650,145$8,544,711
55$8,931,758$8,088,016$7,849,119$9,135,213
56$9,783,686$8,425,218$8,052,954$9,772,250
57$10,720,649$8,777,082$8,261,755$10,464,985
58$11,751,262$9,144,265$8,475,630$11,218,794
59$12,885,017$9,527,460$8,694,690$12,039,592
60$14,132,370$9,927,387$8,919,044$12,933,883
61$15,504,846$10,344,803$9,148,806$13,908,827
62$17,015,140$10,780,498$9,384,090$14,972,300
63$18,677,242$11,235,300$9,625,014$16,132,970
64$20,506,564$11,710,073$9,871,696$17,400,375
65$22,520,090$12,205,724$10,124,255$18,785,014
66$24,736,535$12,723,200$10,382,813$20,298,443
67$27,176,519$13,263,493$10,647,494$21,953,380
68$29,862,761$13,827,642$10,918,423$23,763,830
69$32,820,299$14,416,733$11,195,726$25,745,205
70$36,076,719$15,031,902$11,479,532$27,914,479
71$39,662,419$15,674,341$11,769,972$30,290,335
72$43,610,896$16,345,293$12,067,176$32,893,349
73$47,959,060$17,046,065$12,371,278$35,746,175
74$52,747,581$17,778,019$12,682,413$38,873,759
75$58,021,277$18,542,585$13,000,717$42,303,574
76$63,829,534$19,341,258$13,326,328$46,065,872
77$70,226,771$20,175,604$13,659,384$50,193,972
78$77,272,955$21,047,262$14,000,027$54,724,569
79$85,034,165$21,957,947$14,348,397$59,698,078
80$93,583,219$22,909,456$14,704,637$65,159,012
81$103,000,357$23,903,669$15,068,892$71,156,400
82$113,374,000$24,942,555$15,441,307$77,744,247
83$124,801,585$26,028,177$15,822,027$84,982,039
84$137,390,481$27,162,692$16,211,199$92,935,303
85$151,259,007$28,348,361$16,608,972$101,676,220
86$166,537,546$29,587,551$17,015,493$111,284,302
87$183,369,775$30,882,740$17,430,911$121,847,143
88$201,914,021$32,236,523$17,855,375$133,461,237
89$222,344,757$33,651,619$18,289,036$146,232,887
90$244,854,247$35,130,872$18,732,043$160,279,203
91$269,654,359$36,677,265$19,184,546$175,729,205
92$296,978,570$38,293,917$19,646,695$192,725,034
93$327,084,164$39,984,098$20,118,638$211,423,288
94$360,254,662$41,751,233$20,600,526$231,996,500
95$396,802,500$43,598,906$21,092,507$254,634,754
96$437,071,977$45,530,874$21,594,727$279,547,482
97$481,442,502$47,551,070$22,107,334$306,965,427
98$530,332,180$49,663,615$22,630,473$337,142,822
99$584,201,755$51,872,825$23,164,286$370,359,780
100$643,558,961$54,183,221$23,708,917$406,924,931