Can I retire at age 54 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$644,117$638,379$632,782$627,318$621,983$603,039
2 years$318,870$312,931$307,176$301,595$296,182$277,259
3 years$210,468$204,504$198,763$193,235$187,910$169,601
4 years$156,278$150,332$144,648$139,215$134,019$116,465
5 years$123,772$117,862$112,253$106,930$101,879$85,127
6 years$102,109$96,243$90,717$85,513$80,614$64,678
7 years$86,641$80,825$75,386$70,305$65,560$50,441
8 years$75,046$69,282$63,934$58,977$54,389$40,076
9 years$66,032$60,322$55,066$50,235$45,803$32,281
10 years$58,825$53,171$48,008$43,303$39,027$26,276
11 years$52,932$47,335$42,265$37,687$33,564$21,563
12 years$48,025$42,486$37,509$33,057$29,086$17,810
13 years$43,876$38,395$33,512$29,184$25,364$14,785
14 years$40,323$34,900$30,111$25,906$22,234$12,326
15 years$37,246$31,881$27,186$23,104$19,576$10,311
16 years$34,557$29,251$24,648$20,687$17,301$8,649
17 years$32,186$26,939$22,429$18,587$15,341$7,272
18 years$30,082$24,893$20,475$16,751$13,640$6,126
19 years$28,201$23,070$18,744$15,136$12,158$5,169
20 years$26,510$21,438$17,202$13,708$10,860$4,368
21 years$24,982$19,969$15,822$12,441$9,718$3,694
22 years$23,595$18,640$14,583$11,312$8,711$3,128
23 years$22,330$17,434$13,465$10,302$7,819$2,650
24 years$21,173$16,334$12,453$9,396$7,028$2,247
25 years$20,110$15,329$11,534$8,581$6,324$1,906
26 years$19,130$14,407$10,697$7,846$5,697$1,618
27 years$18,224$13,558$9,933$7,182$5,136$1,374
28 years$17,384$12,776$9,234$6,580$4,634$1,167
29 years$16,604$12,053$8,593$6,034$4,185$992
30 years$15,877$11,382$8,004$5,538$3,781$843
31 years$15,199$10,760$7,462$5,086$3,419$716
32 years$14,564$10,181$6,962$4,674$3,092$609
33 years$13,969$9,642$6,501$4,298$2,799$518
34 years$13,410$9,138$6,074$3,955$2,534$440
35 years$12,884$8,667$5,678$3,640$2,295$375
36 years$12,388$8,227$5,312$3,353$2,079$319
37 years$11,921$7,813$4,972$3,089$1,885$271
38 years$11,479$7,426$4,656$2,847$1,709$231
39 years$11,060$7,061$4,362$2,625$1,549$196
40 years$10,664$6,718$4,089$2,422$1,405$167
41 years$10,288$6,395$3,834$2,234$1,275$142
42 years$9,931$6,090$3,596$2,062$1,157$121
43 years$9,591$5,803$3,375$1,903$1,050$103
44 years$9,268$5,531$3,168$1,757$953$88
45 years$8,959$5,275$2,974$1,623$865$74
46 years$8,666$5,032$2,794$1,499$786$63
47 years$8,385$4,802$2,625$1,385$713$54
48 years$8,117$4,584$2,466$1,280$648$46
49 years$7,861$4,377$2,318$1,183$588$39
50 years$7,616$4,182$2,179$1,093$534$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $7,800,000, adding $6,894 every year, while hoping to spend $58,659 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: 50/28/22 Blend
53$7,800,000$7,800,000$7,800,000$7,800,000
54$8,602,711$8,189,311$8,068,411$8,979,460
55$9,417,775$8,528,175$8,276,290$9,580,369
56$10,314,009$8,881,677$8,489,167$10,226,568
57$11,299,632$9,250,472$8,707,148$10,927,677
58$12,383,696$9,635,247$8,930,339$11,688,910
59$13,576,176$10,036,718$9,158,849$12,515,999
60$14,888,065$10,455,635$9,392,788$13,415,245
61$16,331,469$10,892,783$9,632,269$14,393,577
62$17,919,734$11,348,984$9,877,405$15,458,613
63$19,667,558$11,825,096$10,128,309$16,618,732
64$21,591,141$12,322,018$10,385,100$17,883,150
65$23,708,330$12,840,689$10,647,893$19,262,004
66$26,038,792$13,382,095$10,916,810$20,766,447
67$28,604,196$13,947,265$11,191,970$22,408,749
68$31,428,418$14,537,275$11,473,495$24,202,409
69$34,537,769$15,153,254$11,761,509$26,162,284
70$37,961,238$15,796,380$12,056,137$28,304,723
71$41,730,771$16,467,889$12,357,504$30,647,719
72$45,881,567$17,169,073$12,665,738$33,211,076
73$50,452,413$17,901,284$12,980,967$36,016,591
74$55,486,050$18,665,938$13,303,320$39,088,260
75$61,029,574$19,464,516$13,632,927$42,452,498
76$67,134,882$20,298,568$13,969,921$46,138,386
77$73,859,160$21,169,718$14,314,434$50,177,941
78$81,265,424$22,079,664$14,666,598$54,606,414
79$89,423,116$23,030,186$15,026,547$59,462,621
80$98,408,754$24,023,145$15,394,417$64,789,300
81$108,306,658$25,060,490$15,770,340$70,633,515
82$119,209,744$26,144,262$16,154,454$77,047,095
83$131,220,404$27,276,596$16,546,894$84,087,114
84$144,451,465$28,459,730$16,947,796$91,816,430
85$159,027,262$29,696,004$17,357,294$100,304,268
86$175,084,806$30,987,871$17,775,526$109,626,875
87$192,775,077$32,337,898$18,202,627$119,868,225
88$212,264,451$33,748,772$18,638,732$131,120,811
89$233,736,271$35,223,307$19,083,975$143,486,514
90$257,392,573$36,764,452$19,538,491$157,077,551
91$283,455,997$38,375,291$20,002,412$172,017,535
92$312,171,886$40,059,057$20,475,869$188,442,628
93$343,810,601$41,819,134$20,958,994$206,502,825
94$378,670,077$43,659,066$21,451,915$226,363,357
95$417,078,629$45,582,565$21,954,759$248,206,246
96$459,398,056$47,593,518$22,467,650$272,232,013
97$506,027,053$49,695,995$22,990,712$298,661,564
98$557,404,976$51,894,262$23,524,063$327,738,264
99$614,015,985$54,192,783$24,067,822$359,730,224
100$676,393,623$56,596,236$24,622,101$394,932,826