Can I retire at age 54 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$619,343$613,826$608,444$603,190$598,061$584,077
2 years$306,605$300,895$295,361$289,995$284,791$270,782
3 years$202,373$196,638$191,118$185,803$180,683$167,087
4 years$150,267$144,550$139,085$133,860$128,865$115,786
5 years$119,012$113,329$107,936$102,818$97,961$85,436
6 years$98,182$92,542$87,228$82,224$77,513$65,555
7 years$83,309$77,716$72,487$67,601$63,039$51,649
8 years$72,160$66,617$61,475$56,709$52,297$41,471
9 years$63,492$58,002$52,948$48,303$44,041$33,771
10 years$56,562$51,126$46,161$41,638$37,526$27,799
11 years$50,896$45,515$40,640$36,237$32,273$23,078
12 years$46,178$40,851$36,067$31,785$27,967$19,287
13 years$42,189$36,918$32,223$28,062$24,388$16,208
14 years$38,772$33,557$28,953$24,910$21,378$13,680
15 years$35,814$30,655$26,140$22,215$18,823$11,589
16 years$33,228$28,126$23,700$19,891$16,636$9,848
17 years$30,948$25,903$21,566$17,872$14,751$8,389
18 years$28,925$23,935$19,687$16,106$13,116$7,162
19 years$27,116$22,183$18,023$14,554$11,690$6,125
20 years$25,490$20,613$16,540$13,181$10,442$5,246
21 years$24,021$19,201$15,214$11,963$9,344$4,500
22 years$22,687$17,923$14,022$10,877$8,376$3,863
23 years$21,471$16,763$12,947$9,906$7,519$3,320
24 years$20,358$15,706$11,974$9,035$6,758$2,856
25 years$19,336$14,739$11,090$8,251$6,081$2,458
26 years$18,394$13,852$10,285$7,544$5,478$2,116
27 years$17,523$13,037$9,551$6,905$4,939$1,824
28 years$16,716$12,284$8,879$6,327$4,456$1,572
29 years$15,966$11,589$8,262$5,802$4,024$1,355
30 years$15,267$10,945$7,696$5,325$3,636$1,169
31 years$14,614$10,346$7,175$4,890$3,287$1,009
32 years$14,004$9,790$6,694$4,494$2,973$871
33 years$13,431$9,271$6,251$4,133$2,691$751
34 years$12,894$8,787$5,840$3,803$2,436$649
35 years$12,388$8,334$5,460$3,500$2,207$560
36 years$11,912$7,910$5,108$3,224$1,999$484
37 years$11,462$7,513$4,781$2,970$1,812$418
38 years$11,037$7,140$4,477$2,738$1,643$361
39 years$10,635$6,789$4,194$2,524$1,490$312
40 years$10,254$6,460$3,931$2,328$1,351$269
41 years$9,892$6,149$3,686$2,148$1,226$233
42 years$9,549$5,856$3,458$1,983$1,112$201
43 years$9,222$5,580$3,245$1,830$1,010$174
44 years$8,911$5,319$3,046$1,690$916$150
45 years$8,615$5,072$2,860$1,561$832$130
46 years$8,332$4,838$2,686$1,442$755$112
47 years$8,063$4,617$2,524$1,332$686$97
48 years$7,805$4,408$2,372$1,231$623$84
49 years$7,558$4,209$2,229$1,137$566$72
50 years$7,323$4,021$2,096$1,051$514$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,500,000, adding $3,783 every year, while hoping to spend $24,238 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: 43/45/12 Blend
53$7,500,000$7,500,000$7,500,000$7,500,000
54$8,268,902$7,871,402$7,755,152$8,595,518
55$9,086,541$8,231,312$7,989,161$9,183,958
56$9,986,767$8,608,045$8,230,196$9,818,326
57$10,977,978$9,002,400$8,478,468$10,505,026
58$12,069,428$9,415,213$8,734,193$11,248,865
59$13,271,314$9,847,364$8,997,594$12,055,116
60$14,594,873$10,299,770$9,268,898$12,929,568
61$16,052,487$10,773,395$9,548,343$13,878,570
62$17,657,799$11,269,249$9,836,170$14,909,096
63$19,425,843$11,788,391$10,132,631$16,028,800
64$21,373,186$12,331,930$10,437,981$17,246,088
65$23,518,085$12,901,028$10,752,487$18,570,193
66$25,880,655$13,496,904$11,076,421$20,011,255
67$28,483,066$14,120,836$11,410,065$21,580,419
68$31,349,743$14,774,161$11,753,707$23,289,926
69$34,507,606$15,458,284$12,107,645$25,153,231
70$37,986,316$16,174,675$12,472,186$27,185,123
71$41,818,562$16,924,875$12,847,645$29,401,858
72$46,040,362$17,710,501$13,234,348$31,821,307
73$50,691,409$18,533,246$13,632,629$34,463,120
74$55,815,444$19,394,886$14,042,833$37,348,906
75$61,460,666$20,297,282$14,465,315$40,502,425
76$67,680,190$21,242,385$14,900,439$43,949,814
77$74,532,547$22,232,240$15,348,582$47,719,821
78$82,082,238$23,268,990$15,810,130$51,844,069
79$90,400,339$24,354,883$16,285,482$56,357,349
80$99,565,176$25,492,276$16,775,048$61,297,940
81$109,663,063$26,683,636$17,279,252$66,707,961
82$120,789,115$27,931,554$17,798,526$72,633,760
83$133,048,147$29,238,742$18,333,319$79,126,339
84$146,555,665$30,608,048$18,884,092$86,241,835
85$161,438,953$32,042,452$19,451,319$94,042,027
86$177,838,276$33,545,082$20,035,488$102,594,920
87$195,908,206$35,119,216$20,637,103$111,975,367
88$215,819,077$36,768,292$21,256,679$122,265,772
89$237,758,596$38,495,911$21,894,751$133,556,847
90$261,933,614$40,305,852$22,551,867$145,948,462
91$288,572,078$42,202,075$23,228,590$159,550,572
92$317,925,185$44,188,732$23,925,503$174,484,241
93$350,269,750$46,270,175$24,643,203$190,882,770
94$385,910,820$48,450,970$25,382,306$208,892,940
95$425,184,557$50,735,900$26,143,447$228,676,381
96$468,461,406$53,129,983$26,927,276$250,411,083
97$516,149,596$55,638,480$27,734,467$274,293,055
98$568,698,993$58,266,904$28,565,710$300,538,160
99$626,605,346$61,021,038$29,421,717$329,384,131
100$690,414,968$63,906,944$30,303,221$361,092,796