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

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$619,343$613,826$608,444$603,190$598,061$593,794
2 years$306,605$300,895$295,361$289,995$284,791$280,488
3 years$202,373$196,638$191,118$185,803$180,683$176,478
4 years$150,267$144,550$139,085$133,860$128,865$124,790
5 years$119,012$113,329$107,936$102,818$97,961$94,028
6 years$98,182$92,542$87,228$82,224$77,513$73,727
7 years$83,309$77,716$72,487$67,601$63,039$59,402
8 years$72,160$66,617$61,475$56,709$52,297$48,808
9 years$63,492$58,002$52,948$48,303$44,041$40,701
10 years$56,562$51,126$46,161$41,638$37,526$34,331
11 years$50,896$45,515$40,640$36,237$32,273$29,222
12 years$46,178$40,851$36,067$31,785$27,967$25,058
13 years$42,189$36,918$32,223$28,062$24,388$21,616
14 years$38,772$33,557$28,953$24,910$21,378$18,741
15 years$35,814$30,655$26,140$22,215$18,823$16,317
16 years$33,228$28,126$23,700$19,891$16,636$14,257
17 years$30,948$25,903$21,566$17,872$14,751$12,495
18 years$28,925$23,935$19,687$16,106$13,116$10,980
19 years$27,116$22,183$18,023$14,554$11,690$9,670
20 years$25,490$20,613$16,540$13,181$10,442$8,532
21 years$24,021$19,201$15,214$11,963$9,344$7,542
22 years$22,687$17,923$14,022$10,877$8,376$6,676
23 years$21,471$16,763$12,947$9,906$7,519$5,917
24 years$20,358$15,706$11,974$9,035$6,758$5,250
25 years$19,336$14,739$11,090$8,251$6,081$4,663
26 years$18,394$13,852$10,285$7,544$5,478$4,146
27 years$17,523$13,037$9,551$6,905$4,939$3,689
28 years$16,716$12,284$8,879$6,327$4,456$3,284
29 years$15,966$11,589$8,262$5,802$4,024$2,925
30 years$15,267$10,945$7,696$5,325$3,636$2,608
31 years$14,614$10,346$7,175$4,890$3,287$2,325
32 years$14,004$9,790$6,694$4,494$2,973$2,074
33 years$13,431$9,271$6,251$4,133$2,691$1,851
34 years$12,894$8,787$5,840$3,803$2,436$1,653
35 years$12,388$8,334$5,460$3,500$2,207$1,476
36 years$11,912$7,910$5,108$3,224$1,999$1,318
37 years$11,462$7,513$4,781$2,970$1,812$1,178
38 years$11,037$7,140$4,477$2,738$1,643$1,053
39 years$10,635$6,789$4,194$2,524$1,490$941
40 years$10,254$6,460$3,931$2,328$1,351$841
41 years$9,892$6,149$3,686$2,148$1,226$752
42 years$9,549$5,856$3,458$1,983$1,112$673
43 years$9,222$5,580$3,245$1,830$1,010$602
44 years$8,911$5,319$3,046$1,690$916$538
45 years$8,615$5,072$2,860$1,561$832$481
46 years$8,332$4,838$2,686$1,442$755$431
47 years$8,063$4,617$2,524$1,332$686$385
48 years$7,805$4,408$2,372$1,231$623$345
49 years$7,558$4,209$2,229$1,137$566$308
50 years$7,323$4,021$2,096$1,051$514$276

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 $5,658 every year, while hoping to spend $23,139 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: 49/21/30 Blend
53$7,500,000$7,500,000$7,500,000$7,500,000
54$8,270,836$7,873,336$7,757,086$8,605,178
55$9,089,842$8,234,510$7,992,329$9,202,066
56$9,991,610$8,612,606$8,234,677$9,847,488
57$10,984,560$9,008,428$8,484,343$10,548,322
58$12,077,964$9,422,821$8,741,548$11,309,829
59$13,282,045$9,856,668$9,006,519$12,137,795
60$14,608,064$10,310,895$9,279,488$13,038,576
61$16,068,432$10,786,474$9,560,695$14,019,163
62$17,676,823$11,284,422$9,850,390$15,087,240
63$19,448,306$11,805,806$10,148,825$16,251,259
64$21,399,486$12,351,744$10,456,264$17,520,514
65$23,548,662$12,923,407$10,772,977$18,905,226
66$25,915,996$13,522,025$11,099,242$20,416,642
67$28,523,708$14,148,884$11,435,347$22,067,130
68$31,396,281$14,805,334$11,781,585$23,870,302
69$34,560,695$15,492,789$12,138,262$25,841,132
70$38,046,683$16,212,732$12,505,691$27,996,097
71$41,887,006$16,966,718$12,884,194$30,353,332
72$46,117,769$17,756,376$13,274,102$32,932,794
73$50,778,756$18,583,412$13,675,759$35,756,447
74$55,913,808$19,449,618$14,089,516$38,848,470
75$61,571,237$20,356,870$14,515,735$42,235,474
76$67,804,282$21,307,136$14,954,791$45,946,759
77$74,671,610$22,302,477$15,407,068$50,014,575
78$82,237,871$23,345,055$15,872,962$54,474,433
79$90,574,309$24,437,137$16,352,880$59,365,427
80$99,759,430$25,581,099$16,847,244$64,730,604
81$109,879,750$26,779,431$17,356,484$70,617,364
82$121,030,605$28,034,744$17,881,048$77,077,898
83$133,317,056$29,349,775$18,421,392$84,169,684
84$146,854,877$30,727,395$18,977,990$91,956,016
85$161,771,649$32,170,613$19,551,327$100,506,598
86$178,207,966$33,682,581$20,141,905$109,898,199
87$196,318,759$35,266,607$20,750,239$120,215,366
88$216,274,760$36,926,159$21,376,860$131,551,222
89$238,264,115$38,664,871$22,022,314$144,008,329
90$262,494,158$40,486,553$22,687,165$157,699,660
91$289,193,370$42,395,201$23,371,993$172,749,649
92$318,613,532$44,395,005$24,077,393$189,295,361
93$351,032,108$46,490,356$24,803,981$207,487,779
94$386,754,859$48,685,859$25,552,390$227,493,218
95$426,118,730$50,986,342$26,323,271$249,494,889
96$469,495,036$53,396,867$27,117,295$273,694,617
97$517,292,958$55,922,742$27,935,153$300,314,735
98$569,963,415$58,569,532$28,777,557$329,600,178
99$628,003,316$61,343,072$29,645,238$361,820,779
100$691,960,252$64,249,480$30,538,950$397,273,806