Can I retire at age 54 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$644,117$638,379$632,782$627,318$621,983$609,425
2 years$318,870$312,931$307,176$301,595$296,182$283,585
3 years$210,468$204,504$198,763$193,235$187,910$175,667
4 years$156,278$150,332$144,648$139,215$134,019$122,224
5 years$123,772$117,862$112,253$106,930$101,879$90,566
6 years$102,109$96,243$90,717$85,513$80,614$69,795
7 years$86,641$80,825$75,386$70,305$65,560$55,238
8 years$75,046$69,282$63,934$58,977$54,389$44,560
9 years$66,032$60,322$55,066$50,235$45,803$36,461
10 years$58,825$53,171$48,008$43,303$39,027$30,162
11 years$52,932$47,335$42,265$37,687$33,564$25,167
12 years$48,025$42,486$37,509$33,057$29,086$21,143
13 years$43,876$38,395$33,512$29,184$25,364$17,862
14 years$40,323$34,900$30,111$25,906$22,234$15,159
15 years$37,246$31,881$27,186$23,104$19,576$12,914
16 years$34,557$29,251$24,648$20,687$17,301$11,036
17 years$32,186$26,939$22,429$18,587$15,341$9,456
18 years$30,082$24,893$20,475$16,751$13,640$8,120
19 years$28,201$23,070$18,744$15,136$12,158$6,986
20 years$26,510$21,438$17,202$13,708$10,860$6,020
21 years$24,982$19,969$15,822$12,441$9,718$5,195
22 years$23,595$18,640$14,583$11,312$8,711$4,488
23 years$22,330$17,434$13,465$10,302$7,819$3,881
24 years$21,173$16,334$12,453$9,396$7,028$3,359
25 years$20,110$15,329$11,534$8,581$6,324$2,909
26 years$19,130$14,407$10,697$7,846$5,697$2,522
27 years$18,224$13,558$9,933$7,182$5,136$2,187
28 years$17,384$12,776$9,234$6,580$4,634$1,897
29 years$16,604$12,053$8,593$6,034$4,185$1,647
30 years$15,877$11,382$8,004$5,538$3,781$1,430
31 years$15,199$10,760$7,462$5,086$3,419$1,242
32 years$14,564$10,181$6,962$4,674$3,092$1,079
33 years$13,969$9,642$6,501$4,298$2,799$938
34 years$13,410$9,138$6,074$3,955$2,534$815
35 years$12,884$8,667$5,678$3,640$2,295$708
36 years$12,388$8,227$5,312$3,353$2,079$616
37 years$11,921$7,813$4,972$3,089$1,885$536
38 years$11,479$7,426$4,656$2,847$1,709$466
39 years$11,060$7,061$4,362$2,625$1,549$405
40 years$10,664$6,718$4,089$2,422$1,405$352
41 years$10,288$6,395$3,834$2,234$1,275$307
42 years$9,931$6,090$3,596$2,062$1,157$267
43 years$9,591$5,803$3,375$1,903$1,050$232
44 years$9,268$5,531$3,168$1,757$953$202
45 years$8,959$5,275$2,974$1,623$865$176
46 years$8,666$5,032$2,794$1,499$786$153
47 years$8,385$4,802$2,625$1,385$713$133
48 years$8,117$4,584$2,466$1,280$648$116
49 years$7,861$4,377$2,318$1,183$588$101
50 years$7,616$4,182$2,179$1,093$534$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,800,000, adding $3,608 every year, while hoping to spend $56,528 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: 43/34/23 Blend
53$7,800,000$7,800,000$7,800,000$7,800,000
54$8,599,322$8,185,922$8,065,022$8,911,307
55$9,416,307$8,526,886$8,275,055$9,474,336
56$10,314,730$8,882,664$8,490,229$10,078,232
57$11,302,839$9,253,920$8,710,657$10,731,399
58$12,389,718$9,641,352$8,936,454$11,438,420
59$13,585,380$10,045,689$9,167,736$12,204,326
60$14,900,855$10,467,694$9,404,621$13,034,644
61$16,348,296$10,908,164$9,647,230$13,935,447
62$17,941,093$11,367,936$9,895,683$14,913,406
63$19,694,002$11,847,882$10,150,106$15,975,856
64$21,623,280$12,348,918$10,410,624$17,130,854
65$23,746,839$12,872,000$10,677,365$18,387,263
66$26,084,418$13,418,129$10,950,458$19,754,823
67$28,657,765$13,988,354$11,230,035$21,244,244
68$31,490,845$14,583,771$11,516,228$22,867,306
69$34,610,063$15,205,528$11,809,174$24,636,962
70$38,044,517$15,854,826$12,109,009$26,567,463
71$41,826,269$16,532,923$12,415,872$28,674,483
72$45,990,647$17,241,135$12,729,902$30,975,265
73$50,576,582$17,980,840$13,051,243$33,488,783
74$55,626,971$18,753,479$13,380,038$36,235,912
75$61,189,085$19,560,562$13,716,432$39,239,625
76$67,315,012$20,403,670$14,060,572$42,525,203
77$74,062,149$21,284,456$14,412,607$46,120,471
78$81,493,746$22,204,652$14,772,687$50,056,053
79$89,679,499$23,166,071$15,140,963$54,365,659
80$98,696,211$24,170,611$15,517,589$59,086,395
81$108,628,514$25,220,260$15,902,717$64,259,112
82$119,569,668$26,317,099$16,296,504$69,928,780
83$131,622,443$27,463,306$16,699,106$76,144,913
84$144,900,086$28,661,162$17,110,680$82,962,026
85$159,527,392$29,913,055$17,531,384$90,440,142
86$175,641,879$31,221,488$17,961,378$98,645,358
87$193,395,088$32,589,079$18,400,822$107,650,455
88$212,954,014$34,018,570$18,849,876$117,535,581
89$234,502,677$35,512,834$19,308,702$128,389,000
90$258,243,866$37,074,879$19,777,459$140,307,915
91$284,401,047$38,707,854$20,256,310$153,399,382
92$313,220,473$40,415,059$20,745,416$167,781,305
93$344,973,513$42,199,948$21,244,939$183,583,545
94$379,959,206$44,066,140$21,755,039$200,949,135
95$418,507,089$46,017,425$22,275,877$220,035,619
96$460,980,305$48,057,772$22,807,612$241,016,531
97$507,779,033$50,191,340$23,350,404$264,083,019
98$559,344,261$52,422,482$23,904,409$289,445,643
99$616,161,953$54,755,761$24,469,784$317,336,344
100$678,767,633$57,195,955$25,046,683$348,010,629