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%18.4%
1 years$652,375$646,564$640,894$635,360$629,957$608,575
2 years$322,958$316,943$311,114$305,462$299,980$278,651
3 years$213,166$207,126$201,311$195,712$190,319$169,715
4 years$158,282$152,259$146,503$141,000$135,737$116,015
5 years$125,359$119,373$113,692$108,301$103,185$84,397
6 years$103,418$97,477$91,880$86,609$81,647$63,808
7 years$87,752$81,861$76,353$71,206$66,401$49,507
8 years$76,008$70,170$64,753$59,733$55,086$39,126
9 years$66,878$61,096$55,772$50,879$46,390$31,343
10 years$59,579$53,853$48,623$43,859$39,527$25,369
11 years$53,611$47,942$42,807$38,170$33,994$20,698
12 years$48,641$43,030$37,990$33,480$29,459$16,993
13 years$44,439$38,887$33,942$29,558$25,689$14,022
14 years$40,840$35,347$30,497$26,238$22,519$11,616
15 years$37,724$32,290$27,535$23,400$19,827$9,656
16 years$35,000$29,626$24,964$20,952$17,523$8,047
17 years$32,599$27,284$22,716$18,825$15,537$6,722
18 years$30,467$25,212$20,737$16,965$13,815$5,625
19 years$28,562$23,366$18,984$15,330$12,314$4,714
20 years$26,850$21,713$17,422$13,884$10,999$3,955
21 years$25,302$20,225$16,025$12,601$9,843$3,322
22 years$23,897$18,879$14,770$11,457$8,823$2,793
23 years$22,617$17,657$13,637$10,434$7,920$2,350
24 years$21,444$16,544$12,612$9,516$7,118$1,978
25 years$20,367$15,525$11,681$8,691$6,405$1,666
26 years$19,375$14,591$10,834$7,947$5,770$1,404
27 years$18,458$13,732$10,060$7,274$5,202$1,184
28 years$17,607$12,940$9,352$6,664$4,694$998
29 years$16,817$12,207$8,703$6,111$4,238$842
30 years$16,081$11,528$8,107$5,609$3,830$710
31 years$15,394$10,898$7,558$5,151$3,462$599
32 years$14,751$10,312$7,051$4,734$3,132$506
33 years$14,148$9,765$6,584$4,353$2,834$427
34 years$13,582$9,255$6,152$4,005$2,566$360
35 years$13,049$8,779$5,751$3,687$2,324$304
36 years$12,547$8,332$5,380$3,396$2,106$257
37 years$12,073$7,914$5,036$3,129$1,909$217
38 years$11,626$7,521$4,716$2,884$1,730$183
39 years$11,202$7,152$4,418$2,659$1,569$155
40 years$10,801$6,804$4,141$2,453$1,423$130
41 years$10,420$6,477$3,883$2,263$1,291$110
42 years$10,058$6,168$3,642$2,088$1,172$93
43 years$9,714$5,877$3,418$1,928$1,063$79
44 years$9,386$5,602$3,208$1,780$965$66
45 years$9,074$5,342$3,013$1,644$876$56
46 years$8,777$5,096$2,829$1,518$796$47
47 years$8,493$4,863$2,658$1,403$722$40
48 years$8,221$4,643$2,498$1,296$656$34
49 years$7,962$4,434$2,348$1,198$596$29
50 years$7,713$4,235$2,207$1,107$541$24

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 $6,221 every year, while hoping to spend $43,563 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: 68/25/7 Blend
53$7,900,000$7,900,000$7,900,000$7,900,000
54$8,712,217$8,293,517$8,171,067$9,294,159
55$9,554,512$8,653,549$8,398,447$10,040,640
56$10,481,262$9,029,762$8,631,984$10,850,788
57$11,501,034$9,422,903$8,871,839$11,735,545
58$12,623,269$9,833,755$9,118,175$12,702,200
59$13,858,370$10,263,137$9,371,161$13,758,778
60$15,217,798$10,711,905$9,630,970$14,914,103
61$16,714,183$11,180,958$9,897,777$16,177,888
62$18,361,440$11,671,235$10,171,763$17,560,822
63$20,174,904$12,183,723$10,453,114$19,074,665
64$22,171,470$12,719,451$10,742,019$20,732,364
65$24,369,755$13,279,499$11,038,672$22,548,167
66$26,790,275$13,864,999$11,343,272$24,537,759
67$29,455,633$14,477,135$11,656,022$26,718,403
68$32,390,741$15,117,147$11,977,132$29,109,106
69$35,623,043$15,786,334$12,306,813$31,730,794
70$39,182,787$16,486,058$12,645,285$34,606,502
71$43,103,300$17,217,744$12,992,770$37,761,596
72$47,421,307$17,982,884$13,349,498$41,224,004
73$52,177,277$18,783,042$13,715,703$45,024,480
74$57,415,805$19,619,856$14,091,625$49,196,888
75$63,186,030$20,495,042$14,477,507$53,778,519
76$69,542,103$21,410,397$14,873,602$58,810,442
77$76,543,696$22,367,805$15,280,165$64,337,883
78$84,256,562$23,369,236$15,697,460$70,410,654
79$92,753,161$24,416,759$16,125,755$77,083,613
80$102,113,340$25,512,536$16,565,324$84,417,183
81$112,425,086$26,658,836$17,016,448$92,477,913
82$123,785,361$27,858,035$17,479,415$101,339,106
83$136,301,010$29,112,621$17,954,518$111,081,503
84$150,089,777$30,425,203$18,442,057$121,794,041
85$165,281,408$31,798,512$18,942,341$133,574,686
86$182,018,884$33,235,411$19,455,681$146,531,356
87$200,459,763$34,738,900$19,982,400$160,782,930
88$220,777,674$36,312,120$20,522,825$176,460,364
89$243,163,948$37,958,366$21,077,291$193,707,924
90$267,829,431$39,681,086$21,646,141$212,684,539
91$295,006,470$41,483,897$22,229,724$233,565,295
92$324,951,109$43,370,586$22,828,398$256,543,079
93$357,945,500$45,345,123$23,442,527$281,830,394
94$394,300,575$47,411,668$24,072,486$309,661,357
95$434,358,974$49,574,579$24,718,654$340,293,900
96$478,498,280$51,838,425$25,381,421$374,012,196
97$527,134,590$54,207,993$26,061,183$411,129,334
98$580,726,431$56,688,298$26,758,345$451,990,263
99$639,779,100$59,284,597$27,473,323$496,975,041
100$704,849,426$62,002,400$28,206,537$546,502,408