Can I retire at age 54 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$635,859$630,195$624,669$619,275$614,009$607,850
2 years$314,782$308,919$303,237$297,729$292,385$286,182
3 years$207,770$201,882$196,215$190,758$185,501$179,446
4 years$154,274$148,405$142,794$137,430$132,301$126,440
5 years$122,186$116,351$110,814$105,559$100,573$94,924
6 years$100,800$95,009$89,554$84,417$79,580$74,150
7 years$85,531$79,789$74,420$69,404$64,720$59,511
8 years$74,084$68,394$63,114$58,221$53,691$48,704
9 years$65,185$59,549$54,360$49,591$45,216$40,447
10 years$58,071$52,490$47,392$42,748$38,526$33,974
11 years$52,254$46,728$41,723$37,204$33,134$28,794
12 years$47,409$41,941$37,029$32,633$28,713$24,581
13 years$43,314$37,902$33,083$28,810$25,038$21,110
14 years$39,806$34,452$29,725$25,574$21,948$18,218
15 years$36,769$31,473$26,838$22,808$19,325$15,788
16 years$34,114$28,876$24,332$20,422$17,080$13,729
17 years$31,774$26,593$22,141$18,349$15,144$11,973
18 years$29,696$24,573$20,212$16,536$13,465$10,469
19 years$27,839$22,774$18,503$14,942$12,002$9,174
20 years$26,170$21,163$16,981$13,533$10,720$8,053
21 years$24,662$19,713$15,620$12,282$9,594$7,081
22 years$23,292$18,401$14,396$11,167$8,599$6,236
23 years$22,044$17,210$13,292$10,170$7,719$5,498
24 years$20,901$16,125$12,293$9,275$6,938$4,852
25 years$19,852$15,132$11,386$8,471$6,243$4,286
26 years$18,885$14,222$10,560$7,745$5,624$3,790
27 years$17,990$13,384$9,806$7,090$5,070$3,353
28 years$17,162$12,612$9,116$6,496$4,575$2,968
29 years$16,391$11,898$8,483$5,957$4,131$2,630
30 years$15,674$11,236$7,901$5,467$3,733$2,331
31 years$15,004$10,622$7,366$5,021$3,375$2,066
32 years$14,377$10,051$6,873$4,614$3,053$1,833
33 years$13,790$9,518$6,417$4,243$2,763$1,626
34 years$13,238$9,021$5,996$3,904$2,501$1,443
35 years$12,719$8,556$5,606$3,594$2,266$1,282
36 years$12,229$8,121$5,244$3,310$2,053$1,138
37 years$11,768$7,713$4,908$3,050$1,860$1,011
38 years$11,331$7,330$4,596$2,811$1,687$898
39 years$10,918$6,970$4,306$2,592$1,529$798
40 years$10,527$6,632$4,036$2,391$1,387$709
41 years$10,156$6,313$3,785$2,206$1,259$630
42 years$9,803$6,012$3,550$2,035$1,142$560
43 years$9,468$5,728$3,331$1,879$1,036$498
44 years$9,149$5,460$3,127$1,735$941$443
45 years$8,845$5,207$2,936$1,602$854$394
46 years$8,554$4,967$2,758$1,480$775$350
47 years$8,278$4,740$2,591$1,367$704$311
48 years$8,013$4,525$2,435$1,263$639$277
49 years$7,760$4,321$2,289$1,168$581$246
50 years$7,518$4,128$2,152$1,079$528$219

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,700,000, adding $5,691 every year, while hoping to spend $28,505 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: 67/26/7 Blend
53$7,700,000$7,700,000$7,700,000$7,700,000
54$8,491,270$8,083,170$7,963,820$9,049,701
55$9,327,051$8,448,917$8,200,279$9,786,672
56$10,247,125$8,831,629$8,443,704$10,588,071
57$11,260,062$9,232,109$8,694,298$11,463,401
58$12,375,302$9,651,196$8,952,271$12,419,877
59$13,603,248$10,089,769$9,217,837$13,465,435
60$14,955,363$10,548,752$9,491,218$14,608,806
61$16,444,278$11,029,108$9,772,642$15,859,597
62$18,083,911$11,531,852$10,062,342$17,228,376
63$19,889,600$12,058,043$10,360,561$18,726,776
64$21,878,245$12,608,792$10,667,545$20,367,594
65$24,068,469$13,185,266$10,983,551$22,164,918
66$26,480,793$13,788,684$11,308,840$24,134,251
67$29,137,830$14,420,326$11,643,682$26,292,658
68$32,064,499$15,081,532$11,988,355$28,658,923
69$35,288,258$15,773,707$12,343,146$31,253,724
70$38,839,365$16,498,324$12,708,346$34,099,824
71$42,751,165$17,256,926$13,084,260$37,222,286
72$47,060,399$18,051,131$13,471,198$40,648,701
73$51,807,556$18,882,632$13,869,479$44,409,449
74$57,037,253$19,753,208$14,279,434$48,537,982
75$62,798,658$20,664,720$14,701,399$53,071,134
76$69,145,949$21,619,119$15,135,724$58,049,465
77$76,138,831$22,618,452$15,582,767$63,517,642
78$83,843,098$23,664,861$16,042,895$69,524,854
79$92,331,249$24,760,595$16,516,488$76,125,271
80$101,683,182$25,908,009$17,003,935$83,378,554
81$111,986,936$27,109,572$17,505,637$91,350,412
82$123,339,534$28,367,872$18,022,006$100,113,213
83$135,847,890$29,685,621$18,553,467$109,746,668
84$149,629,822$31,065,663$19,100,455$120,338,573
85$164,815,162$32,510,978$19,663,418$131,985,636
86$181,546,984$34,024,692$20,242,818$144,794,379
87$199,982,954$35,610,079$20,839,130$158,882,140
88$220,296,814$37,270,573$21,452,840$174,378,173
89$242,680,031$39,009,772$22,084,452$191,424,861
90$267,343,592$40,831,449$22,734,479$210,179,055
91$294,520,009$42,739,560$23,403,455$230,813,541
92$324,465,502$44,738,251$24,091,922$253,518,670
93$357,462,425$46,831,867$24,800,444$278,504,141
94$393,821,930$49,024,967$25,529,597$306,000,973
95$433,886,903$51,322,325$26,279,974$336,263,680
96$478,035,199$53,728,952$27,052,185$369,572,657
97$526,683,214$56,250,095$27,846,858$406,236,824
98$580,289,812$58,891,260$28,664,638$446,596,527
99$639,360,658$61,658,217$29,506,188$491,026,739
100$704,452,991$64,557,015$30,372,191$539,940,593