Can I retire at age 54 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$660,633$654,748$649,007$643,403$637,931$618,006
2 years$327,046$320,955$315,052$309,328$303,777$283,879
3 years$215,865$209,748$203,859$198,190$192,728$173,484
4 years$160,285$154,187$148,357$142,785$137,456$119,011
5 years$126,946$120,884$115,131$109,672$104,492$86,896
6 years$104,727$98,711$93,043$87,706$82,681$65,950
7 years$88,863$82,897$77,319$72,108$67,241$51,374
8 years$76,970$71,058$65,573$60,489$55,783$40,769
9 years$67,725$61,869$56,478$51,524$46,978$32,800
10 years$60,333$54,535$49,239$44,414$40,027$26,665
11 years$54,289$48,549$43,349$38,653$34,425$21,854
12 years$49,256$43,575$38,471$33,904$29,832$18,026
13 years$45,001$39,379$34,371$29,932$26,014$14,945
14 years$41,357$35,794$30,883$26,571$22,804$12,442
15 years$38,201$32,699$27,883$23,696$20,078$10,393
16 years$35,443$30,001$25,280$21,217$17,745$8,706
17 years$33,012$27,629$23,004$19,064$15,734$7,309
18 years$30,853$25,531$21,000$17,180$13,990$6,148
19 years$28,924$23,662$19,224$15,524$12,470$5,180
20 years$27,189$21,988$17,643$14,060$11,138$4,370
21 years$25,622$20,481$16,228$12,760$9,967$3,690
22 years$24,200$19,118$14,957$11,602$8,934$3,120
23 years$22,903$17,881$13,810$10,566$8,020$2,639
24 years$21,716$16,753$12,772$9,637$7,208$2,234
25 years$20,625$15,722$11,829$8,801$6,487$1,892
26 years$19,620$14,776$10,971$8,047$5,843$1,604
27 years$18,691$13,906$10,188$7,366$5,268$1,359
28 years$17,830$13,103$9,471$6,749$4,753$1,153
29 years$17,030$12,362$8,813$6,189$4,292$978
30 years$16,285$11,674$8,209$5,680$3,878$830
31 years$15,589$11,036$7,653$5,216$3,506$704
32 years$14,937$10,442$7,141$4,794$3,172$598
33 years$14,327$9,889$6,667$4,408$2,870$507
34 years$13,753$9,373$6,229$4,056$2,599$431
35 years$13,214$8,890$5,824$3,734$2,354$366
36 years$12,706$8,438$5,448$3,439$2,133$311
37 years$12,226$8,014$5,100$3,168$1,933$264
38 years$11,773$7,616$4,775$2,920$1,752$224
39 years$11,344$7,242$4,474$2,693$1,589$190
40 years$10,937$6,890$4,194$2,484$1,441$162
41 years$10,552$6,559$3,932$2,291$1,308$137
42 years$10,185$6,246$3,689$2,115$1,187$117
43 years$9,837$5,952$3,461$1,952$1,077$99
44 years$9,505$5,673$3,249$1,803$977$84
45 years$9,189$5,410$3,051$1,665$887$72
46 years$8,888$5,161$2,865$1,538$806$61
47 years$8,600$4,925$2,692$1,421$732$52
48 years$8,325$4,702$2,530$1,313$664$44
49 years$8,062$4,490$2,378$1,213$603$37
50 years$7,811$4,289$2,235$1,121$548$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,000,000, adding $5,984 every year, while hoping to spend $29,067 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: 47/32/21 Blend
53$8,000,000$8,000,000$8,000,000$8,000,000
54$8,822,172$8,398,172$8,274,172$9,183,803
55$9,691,107$8,778,756$8,520,430$9,817,681
56$10,647,699$9,177,014$8,773,963$10,501,920
57$11,700,858$9,593,781$9,034,985$11,244,016
58$12,860,403$10,029,934$9,303,714$12,049,395
59$14,137,152$10,486,389$9,580,377$12,924,018
60$15,543,026$10,964,107$9,865,205$13,874,433
61$17,091,163$11,464,096$10,158,437$14,907,833
62$18,796,036$11,987,411$10,460,318$16,032,123
63$20,673,595$12,535,157$10,771,103$17,255,990
64$22,741,417$13,108,495$11,091,050$18,588,984
65$25,018,869$13,708,639$11,420,428$20,041,601
66$27,527,292$14,336,861$11,759,511$21,625,382
67$30,290,205$14,994,496$12,108,583$23,353,018
68$33,333,521$15,682,942$12,467,936$25,238,462
69$36,685,797$16,403,663$12,837,869$27,297,063
70$40,378,502$17,158,196$13,218,691$29,545,702
71$44,446,311$17,948,149$13,610,719$32,002,948
72$48,927,436$18,775,210$14,014,280$34,689,230
73$53,863,986$19,641,147$14,429,709$37,627,024
74$59,302,362$20,547,812$14,857,354$40,841,060
75$65,293,695$21,497,148$15,297,568$44,358,550
76$71,894,333$22,491,189$15,750,717$48,209,441
77$79,166,368$23,532,070$16,217,179$52,426,692
78$87,178,222$24,622,027$16,697,340$57,046,577
79$96,005,298$25,763,403$17,191,598$62,109,022
80$105,730,685$26,958,656$17,700,362$67,657,976
81$116,445,946$28,210,361$18,224,056$73,741,819
82$128,251,982$29,521,218$18,763,111$80,413,814
83$141,259,982$30,894,056$19,317,973$87,732,596
84$155,592,477$32,331,841$19,889,102$95,762,723
85$171,384,492$33,837,684$20,476,969$104,575,277
86$188,784,822$35,414,842$21,082,059$114,248,525
87$207,957,437$37,066,733$21,704,872$124,868,648
88$229,083,032$38,796,939$22,345,921$136,530,550
89$252,360,725$40,609,213$23,005,734$149,338,737
90$278,009,948$42,507,493$23,684,854$163,408,300
91$306,272,506$44,495,904$24,383,840$178,865,987
92$337,414,870$46,578,772$25,103,267$195,851,391
93$371,730,686$48,760,631$25,843,726$214,518,254
94$409,543,549$51,046,235$26,605,824$235,035,906
95$451,210,059$53,440,568$27,390,187$257,590,853
96$497,123,185$55,948,856$28,197,458$282,388,523
97$547,715,975$58,576,575$29,028,298$309,655,192
98$603,465,645$61,329,468$29,883,387$339,640,105
99$664,898,085$64,213,556$30,763,425$372,617,814
100$732,592,821$67,235,152$31,669,131$408,890,754