Can I retire at age 54 with 7,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$619,343$613,826$608,444$603,190$598,061$577,300
2 years$306,605$300,895$295,361$289,995$284,791$264,090
3 years$202,373$196,638$191,118$185,803$180,683$160,692
4 years$150,267$144,550$139,085$133,860$128,865$109,736
5 years$119,012$113,329$107,936$102,818$97,961$79,745
6 years$98,182$92,542$87,228$82,224$77,513$60,224
7 years$83,309$77,716$72,487$67,601$63,039$46,674
8 years$72,160$66,617$61,475$56,709$52,297$36,842
9 years$63,492$58,002$52,948$48,303$44,041$29,478
10 years$56,562$51,126$46,161$41,638$37,526$23,829
11 years$50,896$45,515$40,640$36,237$32,273$19,416
12 years$46,178$40,851$36,067$31,785$27,967$15,920
13 years$42,189$36,918$32,223$28,062$24,388$13,118
14 years$38,772$33,557$28,953$24,910$21,378$10,853
15 years$35,814$30,655$26,140$22,215$18,823$9,008
16 years$33,228$28,126$23,700$19,891$16,636$7,497
17 years$30,948$25,903$21,566$17,872$14,751$6,253
18 years$28,925$23,935$19,687$16,106$13,116$5,224
19 years$27,116$22,183$18,023$14,554$11,690$4,372
20 years$25,490$20,613$16,540$13,181$10,442$3,663
21 years$24,021$19,201$15,214$11,963$9,344$3,072
22 years$22,687$17,923$14,022$10,877$8,376$2,578
23 years$21,471$16,763$12,947$9,906$7,519$2,166
24 years$20,358$15,706$11,974$9,035$6,758$1,820
25 years$19,336$14,739$11,090$8,251$6,081$1,531
26 years$18,394$13,852$10,285$7,544$5,478$1,288
27 years$17,523$13,037$9,551$6,905$4,939$1,084
28 years$16,716$12,284$8,879$6,327$4,456$912
29 years$15,966$11,589$8,262$5,802$4,024$768
30 years$15,267$10,945$7,696$5,325$3,636$647
31 years$14,614$10,346$7,175$4,890$3,287$545
32 years$14,004$9,790$6,694$4,494$2,973$459
33 years$13,431$9,271$6,251$4,133$2,691$387
34 years$12,894$8,787$5,840$3,803$2,436$326
35 years$12,388$8,334$5,460$3,500$2,207$275
36 years$11,912$7,910$5,108$3,224$1,999$232
37 years$11,462$7,513$4,781$2,970$1,812$195
38 years$11,037$7,140$4,477$2,738$1,643$165
39 years$10,635$6,789$4,194$2,524$1,490$139
40 years$10,254$6,460$3,931$2,328$1,351$117
41 years$9,892$6,149$3,686$2,148$1,226$99
42 years$9,549$5,856$3,458$1,983$1,112$83
43 years$9,222$5,580$3,245$1,830$1,010$70
44 years$8,911$5,319$3,046$1,690$916$59
45 years$8,615$5,072$2,860$1,561$832$50
46 years$8,332$4,838$2,686$1,442$755$42
47 years$8,063$4,617$2,524$1,332$686$35
48 years$7,805$4,408$2,372$1,231$623$30
49 years$7,558$4,209$2,229$1,137$566$25
50 years$7,323$4,021$2,096$1,051$514$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,500,000, adding $3,394 every year, while hoping to spend $43,082 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: 47/27/26 Blend
53$7,500,000$7,500,000$7,500,000$7,500,000
54$8,268,501$7,871,001$7,754,751$8,595,425
55$9,066,049$8,210,841$7,968,696$9,165,698
56$9,943,503$8,565,889$8,188,365$9,779,855
57$10,908,968$8,936,846$8,413,903$10,445,682
58$11,971,375$9,324,443$8,645,460$11,168,053
59$13,140,561$9,729,447$8,883,189$11,952,322
60$14,427,371$10,152,662$9,127,248$12,804,374
61$15,843,749$10,594,928$9,377,797$13,730,679
62$17,402,858$11,057,127$9,635,000$14,738,347
63$19,119,202$11,540,178$9,899,025$15,835,196
64$21,008,762$12,045,049$10,170,045$17,029,825
65$23,089,149$12,572,750$10,448,234$18,331,687
66$25,379,767$13,124,339$10,733,775$19,751,181
67$27,901,997$13,700,925$11,026,849$21,299,745
68$30,679,399$14,303,669$11,327,647$22,989,962
69$33,737,935$14,933,786$11,636,361$24,835,673
70$37,106,213$15,592,550$11,953,187$26,852,111
71$40,815,755$16,281,294$12,278,328$29,056,034
72$44,901,300$17,001,415$12,611,990$31,465,885
73$49,401,124$17,754,375$12,954,383$34,101,960
74$54,357,406$18,541,707$13,305,722$36,986,598
75$59,816,626$19,365,016$13,666,229$40,144,385
76$65,830,002$20,225,982$14,036,127$43,602,388
77$72,453,973$21,126,365$14,415,648$47,390,397
78$79,750,732$22,068,011$14,805,026$51,541,212
79$87,788,813$23,052,850$15,204,501$56,090,941
80$96,643,739$24,082,907$15,614,319$61,079,339
81$106,398,733$25,160,302$16,034,731$66,550,179
82$117,145,502$26,287,255$16,465,993$72,551,658
83$128,985,105$27,466,093$16,908,366$79,136,847
84$142,028,907$28,699,252$17,362,117$86,364,190
85$156,399,628$29,989,288$17,827,520$94,298,044
86$172,232,501$31,338,873$18,304,853$103,009,285
87$189,676,550$32,750,812$18,794,399$112,575,970
88$208,895,997$34,228,041$19,296,450$123,084,064
89$230,071,809$35,773,635$19,811,302$134,628,249
90$253,403,409$37,390,819$20,339,256$147,312,809
91$279,110,557$39,082,970$20,880,622$161,252,607
92$307,435,424$40,853,626$21,435,713$176,574,158
93$338,644,879$42,706,495$22,004,851$193,416,822
94$373,033,006$44,645,463$22,588,363$211,934,106
95$410,923,882$46,674,600$23,186,582$232,295,104
96$452,674,635$48,798,172$23,799,850$254,686,089
97$498,678,815$51,020,649$24,428,512$279,312,254
98$549,370,109$53,346,717$25,072,922$306,399,645
99$605,226,437$55,781,282$25,733,441$336,197,284
100$666,774,457$58,329,489$26,410,436$368,979,505