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%18.9%
1 years$660,633$654,748$649,007$643,403$637,931$615,052
2 years$327,046$320,955$315,052$309,328$303,777$280,974
3 years$215,865$209,748$203,859$198,190$192,728$170,719
4 years$160,285$154,187$148,357$142,785$137,456$116,407
5 years$126,946$120,884$115,131$109,672$104,492$84,459
6 years$104,727$98,711$93,043$87,706$82,681$63,679
7 years$88,863$82,897$77,319$72,108$67,241$49,267
8 years$76,970$71,058$65,573$60,489$55,783$38,820
9 years$67,725$61,869$56,478$51,524$46,978$31,004
10 years$60,333$54,535$49,239$44,414$40,027$25,015
11 years$54,289$48,549$43,349$38,653$34,425$20,343
12 years$49,256$43,575$38,471$33,904$29,832$16,646
13 years$45,001$39,379$34,371$29,932$26,014$13,689
14 years$41,357$35,794$30,883$26,571$22,804$11,301
15 years$38,201$32,699$27,883$23,696$20,078$9,360
16 years$35,443$30,001$25,280$21,217$17,745$7,773
17 years$33,012$27,629$23,004$19,064$15,734$6,468
18 years$30,853$25,531$21,000$17,180$13,990$5,393
19 years$28,924$23,662$19,224$15,524$12,470$4,502
20 years$27,189$21,988$17,643$14,060$11,138$3,763
21 years$25,622$20,481$16,228$12,760$9,967$3,149
22 years$24,200$19,118$14,957$11,602$8,934$2,637
23 years$22,903$17,881$13,810$10,566$8,020$2,210
24 years$21,716$16,753$12,772$9,637$7,208$1,853
25 years$20,625$15,722$11,829$8,801$6,487$1,555
26 years$19,620$14,776$10,971$8,047$5,843$1,305
27 years$18,691$13,906$10,188$7,366$5,268$1,095
28 years$17,830$13,103$9,471$6,749$4,753$920
29 years$17,030$12,362$8,813$6,189$4,292$773
30 years$16,285$11,674$8,209$5,680$3,878$649
31 years$15,589$11,036$7,653$5,216$3,506$545
32 years$14,937$10,442$7,141$4,794$3,172$458
33 years$14,327$9,889$6,667$4,408$2,870$385
34 years$13,753$9,373$6,229$4,056$2,599$324
35 years$13,214$8,890$5,824$3,734$2,354$272
36 years$12,706$8,438$5,448$3,439$2,133$229
37 years$12,226$8,014$5,100$3,168$1,933$192
38 years$11,773$7,616$4,775$2,920$1,752$162
39 years$11,344$7,242$4,474$2,693$1,589$136
40 years$10,937$6,890$4,194$2,484$1,441$114
41 years$10,552$6,559$3,932$2,291$1,308$96
42 years$10,185$6,246$3,689$2,115$1,187$81
43 years$9,837$5,952$3,461$1,952$1,077$68
44 years$9,505$5,673$3,249$1,803$977$57
45 years$9,189$5,410$3,051$1,665$887$48
46 years$8,888$5,161$2,865$1,538$806$40
47 years$8,600$4,925$2,692$1,421$732$34
48 years$8,325$4,702$2,530$1,313$664$29
49 years$8,062$4,490$2,378$1,213$603$24
50 years$7,811$4,289$2,235$1,121$548$20

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 $6,741 every year, while hoping to spend $43,904 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: 25/50/25 Blend
53$8,000,000$8,000,000$8,000,000$8,000,000
54$8,822,953$8,398,953$8,274,953$8,973,610
55$9,676,181$8,763,789$8,505,451$9,462,718
56$10,614,967$9,145,029$8,742,198$9,982,569
57$11,647,990$9,543,433$8,985,359$10,539,045
58$12,784,817$9,959,793$9,235,100$11,135,240
59$14,035,985$10,394,939$9,491,593$11,774,537
60$15,413,106$10,849,742$9,755,012$12,460,636
61$16,928,975$11,325,112$10,025,537$13,197,586
62$18,597,691$11,822,002$10,303,353$13,989,821
63$20,434,787$12,341,412$10,588,647$14,842,191
64$22,457,381$12,884,387$10,881,612$15,760,011
65$24,684,335$13,452,023$11,182,447$16,749,103
66$27,136,431$14,045,466$11,491,353$17,815,848
67$29,836,571$14,665,918$11,808,538$18,967,237
68$32,809,991$15,314,638$12,134,213$20,210,938
69$36,084,498$15,992,942$12,468,597$21,555,360
70$39,690,732$16,702,212$12,811,911$23,009,726
71$43,662,459$17,443,893$13,164,382$24,584,156
72$48,036,886$18,219,500$13,526,245$26,289,753
73$52,855,011$19,030,618$13,897,737$28,138,708
74$58,162,013$19,878,909$14,279,102$30,144,401
75$64,007,677$20,766,114$14,670,590$32,321,526
76$70,446,862$21,694,056$15,072,458$34,686,220
77$77,540,022$22,664,645$15,484,965$37,256,205
78$85,353,774$23,679,881$15,908,380$40,050,955
79$93,961,524$24,741,861$16,342,977$43,091,863
80$103,444,168$25,852,781$16,789,035$46,402,440
81$113,890,847$27,014,941$17,246,841$50,008,525
82$125,399,791$28,230,750$17,716,687$53,938,520
83$138,079,247$29,502,735$18,198,875$58,223,650
84$152,048,502$30,833,540$18,693,708$62,898,244
85$167,439,003$32,225,938$19,201,502$68,000,052
86$184,395,605$33,682,832$19,722,575$73,570,587
87$203,077,931$35,207,266$20,257,256$79,655,506
88$223,661,885$36,802,426$20,805,879$86,305,029
89$246,341,307$38,471,655$21,368,786$93,574,401
90$271,329,807$40,218,453$21,946,326$101,524,396
91$298,862,776$42,046,486$22,538,857$110,221,882
92$329,199,614$43,959,599$23,146,744$119,740,434
93$362,626,174$45,961,819$23,770,360$130,161,013
94$399,457,462$48,057,366$24,410,084$141,572,715
95$440,040,609$50,250,662$25,066,308$154,073,595
96$484,758,148$52,546,342$25,739,427$167,771,576
97$534,031,629$54,949,262$26,429,847$182,785,445
98$588,325,592$57,464,513$27,137,983$199,245,962
99$648,151,955$60,097,426$27,864,258$217,297,065
100$714,074,847$62,853,593$28,609,104$237,097,217