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%18.8%
1 years$635,859$630,195$624,669$619,275$614,009$592,223
2 years$314,782$308,919$303,237$297,729$292,385$270,669
3 years$207,770$201,882$196,215$190,758$185,501$164,536
4 years$154,274$148,405$142,794$137,430$132,301$112,248
5 years$122,186$116,351$110,814$105,559$100,573$81,485
6 years$100,800$95,009$89,554$84,417$79,580$61,470
7 years$85,531$79,789$74,420$69,404$64,720$47,585
8 years$74,084$68,394$63,114$58,221$53,691$37,517
9 years$65,185$59,549$54,360$49,591$45,216$29,982
10 years$58,071$52,490$47,392$42,748$38,526$24,206
11 years$52,254$46,728$41,723$37,204$33,134$19,697
12 years$47,409$41,941$37,029$32,633$28,713$16,129
13 years$43,314$37,902$33,083$28,810$25,038$13,272
14 years$39,806$34,452$29,725$25,574$21,948$10,965
15 years$36,769$31,473$26,838$22,808$19,325$9,088
16 years$34,114$28,876$24,332$20,422$17,080$7,552
17 years$31,774$26,593$22,141$18,349$15,144$6,290
18 years$29,696$24,573$20,212$16,536$13,465$5,247
19 years$27,839$22,774$18,503$14,942$12,002$4,384
20 years$26,170$21,163$16,981$13,533$10,720$3,668
21 years$24,662$19,713$15,620$12,282$9,594$3,071
22 years$23,292$18,401$14,396$11,167$8,599$2,574
23 years$22,044$17,210$13,292$10,170$7,719$2,159
24 years$20,901$16,125$12,293$9,275$6,938$1,812
25 years$19,852$15,132$11,386$8,471$6,243$1,521
26 years$18,885$14,222$10,560$7,745$5,624$1,278
27 years$17,990$13,384$9,806$7,090$5,070$1,073
28 years$17,162$12,612$9,116$6,496$4,575$902
29 years$16,391$11,898$8,483$5,957$4,131$758
30 years$15,674$11,236$7,901$5,467$3,733$638
31 years$15,004$10,622$7,366$5,021$3,375$536
32 years$14,377$10,051$6,873$4,614$3,053$451
33 years$13,790$9,518$6,417$4,243$2,763$379
34 years$13,238$9,021$5,996$3,904$2,501$319
35 years$12,719$8,556$5,606$3,594$2,266$269
36 years$12,229$8,121$5,244$3,310$2,053$226
37 years$11,768$7,713$4,908$3,050$1,860$190
38 years$11,331$7,330$4,596$2,811$1,687$160
39 years$10,918$6,970$4,306$2,592$1,529$135
40 years$10,527$6,632$4,036$2,391$1,387$113
41 years$10,156$6,313$3,785$2,206$1,259$95
42 years$9,803$6,012$3,550$2,035$1,142$80
43 years$9,468$5,728$3,331$1,879$1,036$68
44 years$9,149$5,460$3,127$1,735$941$57
45 years$8,845$5,207$2,936$1,602$854$48
46 years$8,554$4,967$2,758$1,480$775$40
47 years$8,278$4,740$2,591$1,367$704$34
48 years$8,013$4,525$2,435$1,263$639$29
49 years$7,760$4,321$2,289$1,168$581$24
50 years$7,518$4,128$2,152$1,079$528$20

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 $6,484 every year, while hoping to spend $47,595 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: 64/28/8 Blend
53$7,700,000$7,700,000$7,700,000$7,700,000
54$8,492,088$8,083,988$7,964,638$9,021,699
55$9,307,641$8,429,463$8,180,813$9,720,921
56$10,204,784$8,790,271$8,402,634$10,478,105
57$11,191,791$9,167,113$8,630,241$11,303,860
58$12,277,775$9,560,723$8,863,776$12,204,841
59$13,472,778$9,971,869$9,103,383$13,188,369
60$14,787,867$10,401,355$9,349,211$14,262,495
61$16,235,231$10,850,024$9,601,412$15,436,080
62$17,828,305$11,318,755$9,860,140$16,718,868
63$19,581,891$11,808,473$10,125,553$18,121,583
64$21,512,298$12,320,142$10,397,813$19,656,025
65$23,637,498$12,854,775$10,677,085$21,335,181
66$25,977,293$13,413,429$10,963,538$23,173,341
67$28,553,504$13,997,214$11,257,343$25,186,235
68$31,390,173$14,607,289$11,558,676$27,391,176
69$34,513,795$15,244,871$11,867,717$29,807,221
70$37,953,565$15,911,232$12,184,647$32,455,351
71$41,741,651$16,607,705$12,509,655$35,358,659
72$45,913,501$17,335,684$12,842,931$38,542,573
73$50,508,178$18,096,632$13,184,668$42,035,088
74$55,568,724$18,892,079$13,535,066$45,867,027
75$61,142,569$19,723,627$13,894,327$50,072,329
76$67,281,981$20,592,955$14,262,657$54,688,369
77$74,044,554$21,501,820$14,640,267$59,756,298
78$81,493,753$22,452,063$15,027,370$65,321,438
79$89,699,514$23,445,613$15,424,186$71,433,698
80$98,738,906$24,484,490$15,830,937$78,148,043
81$108,696,852$25,570,807$16,247,851$85,525,010
82$119,666,935$26,706,781$16,675,158$93,631,270
83$131,752,282$27,894,732$17,113,095$102,540,258
84$145,066,532$29,137,092$17,561,902$112,332,856
85$159,734,915$30,436,406$18,021,822$123,098,154
86$175,895,428$31,795,342$18,493,105$134,934,284
87$193,700,141$33,216,693$18,976,003$147,949,338
88$213,316,632$34,703,387$19,470,776$162,262,388
89$234,929,566$36,258,490$19,977,684$178,004,596
90$258,742,439$37,885,214$20,496,994$195,320,452
91$284,979,503$39,586,925$21,028,979$214,369,125
92$313,887,876$41,367,147$21,573,912$235,325,961
93$345,739,876$43,229,575$22,132,076$258,384,132
94$380,835,598$45,178,078$22,703,754$283,756,447
95$419,505,736$47,216,711$23,289,237$311,677,353
96$462,114,712$49,349,721$23,888,818$342,405,144
97$509,064,115$51,581,560$24,502,796$376,224,383
98$560,796,489$53,916,890$25,131,473$413,448,583
99$617,799,511$56,360,598$25,775,158$454,423,155
100$680,610,598$58,917,804$26,434,163$499,528,657