Can I retire at age 54 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$635,859$630,195$624,669$619,275$614,009$610,651
2 years$314,782$308,919$303,237$297,729$292,385$288,997
3 years$207,770$201,882$196,215$190,758$185,501$182,188
4 years$154,274$148,405$142,794$137,430$132,301$129,088
5 years$122,186$116,351$110,814$105,559$100,573$97,469
6 years$100,800$95,009$89,554$84,417$79,580$76,590
7 years$85,531$79,789$74,420$69,404$64,720$61,845
8 years$74,084$68,394$63,114$58,221$53,691$50,931
9 years$65,185$59,549$54,360$49,591$45,216$42,570
10 years$58,071$52,490$47,392$42,748$38,526$35,994
11 years$52,254$46,728$41,723$37,204$33,134$30,713
12 years$47,409$41,941$37,029$32,633$28,713$26,402
13 years$43,314$37,902$33,083$28,810$25,038$22,834
14 years$39,806$34,452$29,725$25,574$21,948$19,849
15 years$36,769$31,473$26,838$22,808$19,325$17,328
16 years$34,114$28,876$24,332$20,422$17,080$15,181
17 years$31,774$26,593$22,141$18,349$15,144$13,342
18 years$29,696$24,573$20,212$16,536$13,465$11,757
19 years$27,839$22,774$18,503$14,942$12,002$10,383
20 years$26,170$21,163$16,981$13,533$10,720$9,189
21 years$24,662$19,713$15,620$12,282$9,594$8,146
22 years$23,292$18,401$14,396$11,167$8,599$7,232
23 years$22,044$17,210$13,292$10,170$7,719$6,429
24 years$20,901$16,125$12,293$9,275$6,938$5,723
25 years$19,852$15,132$11,386$8,471$6,243$5,099
26 years$18,885$14,222$10,560$7,745$5,624$4,547
27 years$17,990$13,384$9,806$7,090$5,070$4,058
28 years$17,162$12,612$9,116$6,496$4,575$3,624
29 years$16,391$11,898$8,483$5,957$4,131$3,239
30 years$15,674$11,236$7,901$5,467$3,733$2,897
31 years$15,004$10,622$7,366$5,021$3,375$2,591
32 years$14,377$10,051$6,873$4,614$3,053$2,319
33 years$13,790$9,518$6,417$4,243$2,763$2,077
34 years$13,238$9,021$5,996$3,904$2,501$1,860
35 years$12,719$8,556$5,606$3,594$2,266$1,667
36 years$12,229$8,121$5,244$3,310$2,053$1,494
37 years$11,768$7,713$4,908$3,050$1,860$1,339
38 years$11,331$7,330$4,596$2,811$1,687$1,201
39 years$10,918$6,970$4,306$2,592$1,529$1,077
40 years$10,527$6,632$4,036$2,391$1,387$966
41 years$10,156$6,313$3,785$2,206$1,259$867
42 years$9,803$6,012$3,550$2,035$1,142$778
43 years$9,468$5,728$3,331$1,879$1,036$698
44 years$9,149$5,460$3,127$1,735$941$627
45 years$8,845$5,207$2,936$1,602$854$562
46 years$8,554$4,967$2,758$1,480$775$505
47 years$8,278$4,740$2,591$1,367$704$453
48 years$8,013$4,525$2,435$1,263$639$407
49 years$7,760$4,321$2,289$1,168$581$366
50 years$7,518$4,128$2,152$1,079$528$328

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,700,000, adding $6,868 every year, while hoping to spend $34,098 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: 64/11/25 Blend
53$7,700,000$7,700,000$7,700,000$7,700,000
54$8,492,484$8,084,384$7,965,034$8,979,842
55$9,322,438$8,444,239$8,195,583$9,669,711
56$10,235,904$8,820,584$8,432,712$10,418,745
57$11,241,364$9,214,191$8,676,606$11,236,404
58$12,348,166$9,625,869$8,927,455$12,129,422
59$13,566,607$10,056,465$9,185,453$13,105,210
60$14,908,035$10,506,866$9,450,800$14,171,925
61$16,384,954$10,978,002$9,723,702$15,338,548
62$18,011,143$11,470,847$10,004,369$16,614,962
63$19,801,783$11,986,422$10,293,019$18,012,049
64$21,773,604$12,525,796$10,589,874$19,541,788
65$23,945,039$13,090,088$10,895,162$21,217,371
66$26,336,403$13,680,472$11,209,120$23,053,318
67$28,970,078$14,298,177$11,531,988$25,065,621
68$31,870,730$14,944,492$11,864,013$27,271,890
69$35,065,538$15,620,765$12,205,451$29,691,513
70$38,584,453$16,328,412$12,556,564$32,345,847
71$42,460,477$17,068,914$12,917,618$35,258,407
72$46,729,978$17,843,824$13,288,891$38,455,094
73$51,433,032$18,654,768$13,670,665$41,964,432
74$56,613,800$19,503,451$14,063,232$45,817,842
75$62,320,947$20,391,659$14,466,889$50,049,926
76$68,608,098$21,321,264$14,881,944$54,698,803
77$75,534,346$22,294,228$15,308,712$59,806,457
78$83,164,811$23,312,607$15,747,515$65,419,136
79$91,571,250$24,378,553$16,198,685$71,587,785
80$100,832,741$25,494,325$16,662,564$78,368,523
81$111,036,422$26,662,289$17,139,502$85,823,171
82$122,278,319$27,884,923$17,629,858$94,019,834
83$134,664,250$29,164,827$18,134,000$103,033,538
84$148,310,822$30,504,722$18,652,307$112,946,935
85$163,346,535$31,907,462$19,185,169$123,851,085
86$179,912,993$33,376,039$19,732,983$135,846,307
87$198,166,241$34,913,588$20,296,161$149,043,122
88$218,278,237$36,523,393$20,875,121$163,563,299
89$240,438,476$38,208,898$21,470,297$179,540,993
90$264,855,779$39,973,713$22,082,131$197,124,012
91$291,760,263$41,821,620$22,711,077$216,475,208
92$321,405,515$43,756,584$23,357,603$237,774,009
93$354,070,981$45,782,760$24,022,186$261,218,106
94$390,064,612$47,904,506$24,705,320$287,025,320
95$429,725,762$50,126,387$25,407,508$315,435,650
96$473,428,399$52,453,188$26,129,268$346,713,532
97$521,584,628$54,889,927$26,871,131$381,150,334
98$574,648,588$57,441,862$27,633,643$419,067,098
99$633,120,736$60,114,505$28,417,361$460,817,566
100$697,552,570$62,913,634$29,222,862$506,791,516