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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.1%
1 years$652,375$646,564$640,894$635,360$629,957$624,418
2 years$322,958$316,943$311,114$305,462$299,980$294,398
3 years$213,166$207,126$201,311$195,712$190,319$184,868
4 years$158,282$152,259$146,503$141,000$135,737$130,458
5 years$125,359$119,373$113,692$108,301$103,185$98,094
6 years$103,418$97,477$91,880$86,609$81,647$76,750
7 years$87,752$81,861$76,353$71,206$66,401$61,701
8 years$76,008$70,170$64,753$59,733$55,086$50,582
9 years$66,878$61,096$55,772$50,879$46,390$42,081
10 years$59,579$53,853$48,623$43,859$39,527$35,410
11 years$53,611$47,942$42,807$38,170$33,994$30,067
12 years$48,641$43,030$37,990$33,480$29,459$25,717
13 years$44,439$38,887$33,942$29,558$25,689$22,128
14 years$40,840$35,347$30,497$26,238$22,519$19,135
15 years$37,724$32,290$27,535$23,400$19,827$16,615
16 years$35,000$29,626$24,964$20,952$17,523$14,478
17 years$32,599$27,284$22,716$18,825$15,537$12,654
18 years$30,467$25,212$20,737$16,965$13,815$11,087
19 years$28,562$23,366$18,984$15,330$12,314$9,736
20 years$26,850$21,713$17,422$13,884$10,999$8,566
21 years$25,302$20,225$16,025$12,601$9,843$7,549
22 years$23,897$18,879$14,770$11,457$8,823$6,663
23 years$22,617$17,657$13,637$10,434$7,920$5,887
24 years$21,444$16,544$12,612$9,516$7,118$5,208
25 years$20,367$15,525$11,681$8,691$6,405$4,612
26 years$19,375$14,591$10,834$7,947$5,770$4,087
27 years$18,458$13,732$10,060$7,274$5,202$3,625
28 years$17,607$12,940$9,352$6,664$4,694$3,217
29 years$16,817$12,207$8,703$6,111$4,238$2,856
30 years$16,081$11,528$8,107$5,609$3,830$2,538
31 years$15,394$10,898$7,558$5,151$3,462$2,256
32 years$14,751$10,312$7,051$4,734$3,132$2,006
33 years$14,148$9,765$6,584$4,353$2,834$1,784
34 years$13,582$9,255$6,152$4,005$2,566$1,587
35 years$13,049$8,779$5,751$3,687$2,324$1,413
36 years$12,547$8,332$5,380$3,396$2,106$1,258
37 years$12,073$7,914$5,036$3,129$1,909$1,120
38 years$11,626$7,521$4,716$2,884$1,730$998
39 years$11,202$7,152$4,418$2,659$1,569$889
40 years$10,801$6,804$4,141$2,453$1,423$792
41 years$10,420$6,477$3,883$2,263$1,291$705
42 years$10,058$6,168$3,642$2,088$1,172$629
43 years$9,714$5,877$3,418$1,928$1,063$560
44 years$9,386$5,602$3,208$1,780$965$499
45 years$9,074$5,342$3,013$1,644$876$445
46 years$8,777$5,096$2,829$1,518$796$397
47 years$8,493$4,863$2,658$1,403$722$354
48 years$8,221$4,643$2,498$1,296$656$316
49 years$7,962$4,434$2,348$1,198$596$281
50 years$7,713$4,235$2,207$1,107$541$251

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 $3,661 every year, while hoping to spend $59,151 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: 46/40/14 Blend
53$7,900,000$7,900,000$7,900,000$7,900,000
54$8,709,576$8,290,876$8,168,426$9,075,531
55$9,535,017$8,634,193$8,379,132$9,673,257
56$10,442,670$8,992,350$8,594,915$10,315,009
57$11,440,859$9,366,011$8,815,881$11,009,917
58$12,538,753$9,755,873$9,042,140$11,762,935
59$13,746,457$10,162,662$9,273,803$12,579,507
60$15,075,103$10,587,139$9,510,982$13,465,612
61$16,536,955$11,030,101$9,753,792$14,427,818
62$18,145,528$11,492,380$10,002,347$15,473,342
63$19,915,713$11,974,847$10,256,767$16,610,114
64$21,863,916$12,478,414$10,517,168$17,846,853
65$24,008,214$13,004,036$10,783,673$19,193,138
66$26,368,528$13,552,709$11,056,401$20,659,506
67$28,966,805$14,125,479$11,335,478$22,257,537
68$31,827,230$14,723,439$11,621,028$23,999,968
69$34,976,451$15,347,731$11,913,176$25,900,807
70$38,443,833$15,999,554$12,212,051$27,975,459
71$42,261,731$16,680,159$12,517,781$30,240,870
72$46,465,798$17,390,857$12,830,498$32,715,683
73$51,095,321$18,133,020$13,150,331$35,420,409
74$56,193,590$18,908,085$13,477,414$38,377,613
75$61,808,310$19,717,555$13,811,881$41,612,129
76$67,992,044$20,563,002$14,153,865$45,151,281
77$74,802,717$21,446,073$14,503,504$49,025,145
78$82,304,157$22,368,493$14,860,934$53,266,817
79$90,566,697$23,332,066$15,226,292$57,912,731
80$99,667,843$24,338,680$15,599,716$63,002,987
81$109,693,002$25,390,314$15,981,345$68,581,731
82$120,736,286$26,489,037$16,371,318$74,697,558
83$132,901,405$27,637,018$16,769,775$81,403,972
84$146,302,642$28,836,526$17,176,856$88,759,878
85$161,065,932$30,089,936$17,592,701$96,830,131
86$177,330,051$31,399,736$18,017,450$105,686,145
87$195,247,924$32,768,532$18,451,243$115,406,555
88$214,988,073$34,199,050$18,894,220$126,077,952
89$236,736,199$35,694,147$19,346,519$137,795,690
90$260,696,944$37,256,812$19,808,280$150,664,783
91$287,095,815$38,890,179$20,279,640$164,800,878
92$316,181,315$40,597,525$20,760,736$180,331,344
93$348,227,292$42,382,286$21,251,702$197,396,458
94$383,535,515$44,248,058$21,752,674$216,150,725
95$422,438,532$46,198,607$22,263,783$236,764,319
96$465,302,802$48,237,879$22,785,160$259,424,679
97$512,532,158$50,370,004$23,316,932$284,338,269
98$564,571,614$52,599,311$23,859,226$311,732,511
99$621,911,572$54,930,330$24,412,163$341,857,919
100$685,092,446$57,367,810$24,975,864$374,990,448