Can I retire at age 54 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$652,375$646,564$640,894$635,360$629,957$617,996
2 years$322,958$316,943$311,114$305,462$299,980$287,976
3 years$213,166$207,126$201,311$195,712$190,319$178,647
4 years$158,282$152,259$146,503$141,000$135,737$124,486
5 years$125,359$119,373$113,692$108,301$103,185$92,388
6 years$103,418$97,477$91,880$86,609$81,647$71,314
7 years$87,752$81,861$76,353$71,206$66,401$56,536
8 years$76,008$70,170$64,753$59,733$55,086$45,686
9 years$66,878$61,096$55,772$50,879$46,390$37,450
10 years$59,579$53,853$48,623$43,859$39,527$31,038
11 years$53,611$47,942$42,807$38,170$33,994$25,946
12 years$48,641$43,030$37,990$33,480$29,459$21,841
13 years$44,439$38,887$33,942$29,558$25,689$18,488
14 years$40,840$35,347$30,497$26,238$22,519$15,722
15 years$37,724$32,290$27,535$23,400$19,827$13,421
16 years$35,000$29,626$24,964$20,952$17,523$11,494
17 years$32,599$27,284$22,716$18,825$15,537$9,869
18 years$30,467$25,212$20,737$16,965$13,815$8,493
19 years$28,562$23,366$18,984$15,330$12,314$7,324
20 years$26,850$21,713$17,422$13,884$10,999$6,325
21 years$25,302$20,225$16,025$12,601$9,843$5,470
22 years$23,897$18,879$14,770$11,457$8,823$4,737
23 years$22,617$17,657$13,637$10,434$7,920$4,106
24 years$21,444$16,544$12,612$9,516$7,118$3,562
25 years$20,367$15,525$11,681$8,691$6,405$3,093
26 years$19,375$14,591$10,834$7,947$5,770$2,687
27 years$18,458$13,732$10,060$7,274$5,202$2,336
28 years$17,607$12,940$9,352$6,664$4,694$2,032
29 years$16,817$12,207$8,703$6,111$4,238$1,768
30 years$16,081$11,528$8,107$5,609$3,830$1,539
31 years$15,394$10,898$7,558$5,151$3,462$1,340
32 years$14,751$10,312$7,051$4,734$3,132$1,167
33 years$14,148$9,765$6,584$4,353$2,834$1,017
34 years$13,582$9,255$6,152$4,005$2,566$886
35 years$13,049$8,779$5,751$3,687$2,324$772
36 years$12,547$8,332$5,380$3,396$2,106$673
37 years$12,073$7,914$5,036$3,129$1,909$587
38 years$11,626$7,521$4,716$2,884$1,730$511
39 years$11,202$7,152$4,418$2,659$1,569$446
40 years$10,801$6,804$4,141$2,453$1,423$389
41 years$10,420$6,477$3,883$2,263$1,291$339
42 years$10,058$6,168$3,642$2,088$1,172$296
43 years$9,714$5,877$3,418$1,928$1,063$258
44 years$9,386$5,602$3,208$1,780$965$225
45 years$9,074$5,342$3,013$1,644$876$196
46 years$8,777$5,096$2,829$1,518$796$171
47 years$8,493$4,863$2,658$1,403$722$149
48 years$8,221$4,643$2,498$1,296$656$130
49 years$7,962$4,434$2,348$1,198$596$114
50 years$7,713$4,235$2,207$1,107$541$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,900,000, adding $2,582 every year, while hoping to spend $20,732 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: 72/9/19 Blend
53$7,900,000$7,900,000$7,900,000$7,900,000
54$8,708,463$8,289,763$8,167,313$9,295,830
55$9,574,668$8,673,903$8,418,860$10,070,855
56$10,528,530$9,076,171$8,678,138$10,916,637
57$11,578,970$9,497,433$8,945,385$11,842,408
58$12,735,816$9,938,597$9,220,846$12,856,099
59$14,009,897$10,400,617$9,504,772$13,966,442
60$15,413,147$10,884,488$9,797,423$15,183,052
61$16,958,718$11,391,258$10,099,067$16,516,515
62$18,661,100$11,922,022$10,409,978$17,978,485
63$20,536,262$12,477,931$10,730,442$19,581,797
64$22,601,800$13,060,188$11,060,751$21,340,584
65$24,877,104$13,670,058$11,401,206$23,270,410
66$27,383,541$14,308,864$11,752,120$25,388,415
67$30,144,658$14,977,994$12,113,811$27,713,474
68$33,186,400$15,678,903$12,486,611$30,266,376
69$36,537,361$16,413,116$12,870,860$33,070,020
70$40,229,046$17,182,234$13,266,909$36,149,624
71$44,296,178$17,987,932$13,675,119$39,532,966
72$48,777,015$18,831,968$14,095,863$43,250,642
73$53,713,720$19,716,184$14,529,524$47,336,355
74$59,152,755$20,642,512$14,976,498$51,827,231
75$65,145,319$21,612,978$15,437,194$56,764,162
76$71,747,833$22,629,705$15,912,031$62,192,200
77$79,022,470$23,694,919$16,401,442$68,160,970
78$87,037,745$24,810,954$16,905,874$74,725,144
79$95,869,161$25,980,256$17,425,786$81,944,948
80$105,599,918$27,205,391$17,961,653$89,886,733
81$116,321,703$28,489,049$18,513,962$98,623,598
82$128,135,555$29,834,050$19,083,218$108,236,075
83$141,152,814$31,243,351$19,669,938$118,812,888
84$155,496,177$32,720,052$20,274,657$130,451,787
85$171,300,856$34,267,403$20,897,927$143,260,468
86$188,715,850$35,888,812$21,540,314$157,357,589
87$207,905,356$37,587,853$22,202,404$172,873,881
88$229,050,317$39,368,273$22,884,799$189,953,385
89$252,350,130$41,233,999$23,588,121$208,754,803
90$278,024,530$43,189,152$24,313,009$229,452,995
91$306,315,661$45,238,049$25,060,124$252,240,627
92$337,490,366$47,385,221$25,830,145$277,329,983
93$371,842,701$49,635,415$26,623,773$304,954,966
94$409,696,716$51,993,610$27,441,730$335,373,301
95$451,409,512$54,465,028$28,284,758$368,868,966
96$497,374,611$57,055,142$29,153,626$405,754,864
97$548,025,671$59,769,694$30,049,123$446,375,776
98$603,840,584$62,614,703$30,972,062$491,111,605
99$665,345,981$65,596,481$31,923,284$540,380,966
100$733,122,208$68,721,646$32,903,651$594,645,121