Can I retire at age 54 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$611,085$605,642$600,331$595,148$590,086$583,439
2 years$302,517$296,883$291,423$286,129$280,994$274,301
3 years$199,675$194,016$188,570$183,325$178,274$171,745
4 years$148,264$142,623$137,231$132,076$127,146$120,831
5 years$117,425$111,818$106,497$101,447$96,655$90,571
6 years$96,873$91,308$86,065$81,128$76,480$70,635
7 years$82,198$76,680$71,520$66,700$62,198$56,596
8 years$71,197$65,729$60,655$55,953$51,600$46,238
9 years$62,646$57,229$52,242$47,659$43,454$38,332
10 years$55,808$50,444$45,546$41,083$37,025$32,139
11 years$50,218$44,908$40,098$35,754$31,843$27,188
12 years$45,562$40,307$35,586$31,361$27,594$23,167
13 years$41,626$36,426$31,794$27,687$24,063$19,856
14 years$38,255$33,110$28,567$24,578$21,093$17,102
15 years$35,336$30,246$25,792$21,919$18,572$14,790
16 years$32,785$27,751$23,384$19,626$16,414$12,835
17 years$30,536$25,557$21,279$17,634$14,554$11,171
18 years$28,539$23,616$19,425$15,892$12,941$9,746
19 years$26,754$21,887$17,782$14,360$11,534$8,522
20 years$25,150$20,339$16,320$13,005$10,303$7,465
21 years$23,701$18,945$15,011$11,803$9,220$6,549
22 years$22,385$17,684$13,835$10,732$8,264$5,754
23 years$21,185$16,540$12,774$9,774$7,418$5,061
24 years$20,087$15,496$11,814$8,914$6,668$4,456
25 years$19,078$14,543$10,942$8,141$6,000$3,928
26 years$18,149$13,668$10,148$7,444$5,405$3,464
27 years$17,289$12,863$9,423$6,813$4,873$3,058
28 years$16,493$12,121$8,760$6,242$4,397$2,701
29 years$15,753$11,434$8,152$5,724$3,970$2,387
30 years$15,063$10,799$7,594$5,254$3,587$2,110
31 years$14,419$10,208$7,079$4,825$3,243$1,866
32 years$13,817$9,659$6,605$4,434$2,934$1,651
33 years$13,252$9,147$6,167$4,078$2,655$1,461
34 years$12,722$8,670$5,762$3,752$2,404$1,294
35 years$12,223$8,223$5,387$3,454$2,177$1,146
36 years$11,753$7,805$5,040$3,181$1,973$1,015
37 years$11,309$7,413$4,717$2,931$1,788$899
38 years$10,890$7,045$4,417$2,701$1,621$797
39 years$10,493$6,699$4,139$2,491$1,470$706
40 years$10,117$6,373$3,879$2,297$1,333$626
41 years$9,760$6,067$3,637$2,120$1,210$555
42 years$9,421$5,778$3,412$1,956$1,098$492
43 years$9,099$5,505$3,202$1,806$996$436
44 years$8,792$5,248$3,005$1,667$904$387
45 years$8,500$5,004$2,822$1,540$821$343
46 years$8,221$4,774$2,650$1,422$745$304
47 years$7,955$4,556$2,490$1,314$677$270
48 years$7,701$4,349$2,340$1,214$615$239
49 years$7,458$4,153$2,199$1,122$558$212
50 years$7,225$3,967$2,068$1,037$507$188

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,400,000, adding $5,606 every year, while hoping to spend $22,908 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: 32/48/20 Blend
53$7,400,000$7,400,000$7,400,000$7,400,000
54$8,160,583$7,768,383$7,653,683$8,370,937
55$8,968,588$8,124,659$7,885,707$8,885,119
56$9,858,242$8,497,626$8,124,736$9,436,099
57$10,837,849$8,888,076$8,370,981$10,029,095
58$11,916,559$9,296,841$8,624,659$10,667,799
59$13,104,455$9,724,793$8,885,992$11,356,252
60$14,412,647$10,172,846$9,155,210$12,098,878
61$15,853,378$10,641,956$9,432,550$12,900,527
62$17,440,139$11,133,128$9,718,257$13,766,511
63$19,187,796$11,647,414$10,012,581$14,702,654
64$21,112,729$12,185,915$10,315,781$15,715,342
65$23,232,991$12,749,788$10,628,123$16,811,577
66$25,568,472$13,340,244$10,949,881$17,999,041
67$28,141,093$13,958,553$11,281,339$19,286,161
68$30,975,007$14,606,044$11,622,786$20,682,184
69$34,096,831$15,284,114$11,974,523$22,197,262
70$37,535,895$15,994,223$12,336,857$23,842,538
71$41,324,522$16,737,906$12,710,108$25,630,246
72$45,498,328$17,516,768$13,094,601$27,573,823
73$50,096,561$18,332,493$13,490,674$29,688,028
74$55,162,473$19,186,847$13,898,673$31,989,073
75$60,743,723$20,081,681$14,318,956$34,494,771
76$66,892,833$21,018,933$14,751,892$37,224,696
77$73,667,679$22,000,639$15,197,858$40,200,360
78$81,132,041$23,028,929$15,657,245$43,445,408
79$89,356,201$24,106,038$16,130,454$46,985,833
80$98,417,609$25,234,309$16,617,900$50,850,212
81$108,401,613$26,416,199$17,120,008$55,069,967
82$119,402,267$27,654,281$17,637,217$59,679,652
83$131,523,213$28,951,256$18,169,979$64,717,268
84$144,878,666$30,309,953$18,718,758$70,224,614
85$159,594,488$31,733,339$19,284,034$76,247,666
86$175,809,377$33,224,523$19,866,301$82,837,002
87$193,676,177$34,786,768$20,466,065$90,048,270
88$213,363,318$36,423,492$21,083,850$97,942,693
89$235,056,412$38,138,278$21,720,194$106,587,641
90$258,959,997$39,934,885$22,375,652$116,057,251
91$285,299,475$41,817,252$23,050,794$126,433,108
92$314,323,235$43,789,511$23,746,209$137,805,008
93$346,304,999$45,855,991$24,462,501$150,271,781
94$381,546,408$48,021,234$25,200,295$163,942,214
95$420,379,867$50,290,000$25,960,230$178,936,054
96$463,171,685$52,667,281$26,742,969$195,385,128
97$510,325,530$55,158,311$27,549,191$213,434,562
98$562,286,242$57,768,576$28,379,598$233,244,131
99$619,544,034$60,503,831$29,234,909$254,989,750
100$682,639,115$63,370,109$30,115,868$278,865,111