Can I retire at age 54 with 8,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$668,890$662,932$657,119$651,446$645,905$636,516
2 years$331,134$324,967$318,990$313,195$307,574$298,134
3 years$218,563$212,369$206,408$200,667$195,138$185,940
4 years$162,289$156,114$150,212$144,569$139,174$130,290
5 years$128,533$122,395$116,571$111,043$105,798$97,254
6 years$106,036$99,945$94,206$88,802$83,714$75,520
7 years$89,974$83,934$78,286$73,009$68,082$60,240
8 years$77,932$71,947$66,393$61,245$56,481$48,990
9 years$68,572$62,642$57,184$52,168$47,565$40,422
10 years$61,087$55,216$49,854$44,969$40,528$33,727
11 years$54,968$49,156$43,891$39,136$34,855$28,390
12 years$49,872$44,120$38,952$34,328$30,205$24,068
13 years$45,564$39,871$34,801$30,306$26,339$20,521
14 years$41,874$36,242$31,269$26,903$23,089$17,581
15 years$38,679$33,108$28,232$23,992$20,329$15,122
16 years$35,886$30,376$25,596$21,483$17,967$13,050
17 years$33,424$27,975$23,291$19,302$15,931$11,294
18 years$31,239$25,850$21,262$17,395$14,165$9,797
19 years$29,285$23,957$19,464$15,718$12,625$8,517
20 years$27,529$22,262$17,863$14,236$11,277$7,416
21 years$25,943$20,737$16,431$12,920$10,092$6,468
22 years$24,502$19,357$15,144$11,747$9,046$5,648
23 years$23,189$18,104$13,983$10,698$8,120$4,937
24 years$21,987$16,962$12,931$9,757$7,299$4,321
25 years$20,883$15,918$11,977$8,911$6,568$3,784
26 years$19,866$14,961$11,108$8,148$5,916$3,317
27 years$18,925$14,080$10,315$7,458$5,334$2,909
28 years$18,053$13,267$9,589$6,833$4,813$2,553
29 years$17,243$12,516$8,923$6,266$4,346$2,241
30 years$16,488$11,820$8,312$5,751$3,927$1,968
31 years$15,783$11,174$7,749$5,281$3,550$1,730
32 years$15,124$10,573$7,230$4,854$3,211$1,520
33 years$14,506$10,013$6,751$4,463$2,906$1,337
34 years$13,925$9,490$6,307$4,107$2,631$1,175
35 years$13,379$9,001$5,897$3,781$2,383$1,034
36 years$12,865$8,543$5,516$3,482$2,159$910
37 years$12,379$8,114$5,163$3,208$1,957$800
38 years$11,920$7,711$4,835$2,957$1,774$704
39 years$11,486$7,333$4,530$2,726$1,609$620
40 years$11,074$6,976$4,246$2,515$1,459$546
41 years$10,683$6,641$3,981$2,320$1,324$481
42 years$10,312$6,325$3,735$2,141$1,201$423
43 years$9,960$6,026$3,504$1,977$1,090$373
44 years$9,624$5,744$3,290$1,825$990$328
45 years$9,304$5,477$3,089$1,685$898$289
46 years$8,999$5,225$2,901$1,557$816$254
47 years$8,708$4,987$2,726$1,438$741$224
48 years$8,429$4,760$2,561$1,329$673$197
49 years$8,163$4,546$2,407$1,228$611$174
50 years$7,908$4,342$2,263$1,135$555$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,100,000, adding $5,820 every year, while hoping to spend $36,610 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: 20/50/30 Blend
53$8,100,000$8,100,000$8,100,000$8,100,000
54$8,932,203$8,502,903$8,377,353$9,025,499
55$9,804,335$8,880,593$8,619,042$9,493,221
56$10,764,198$9,275,562$8,867,600$9,989,069
57$11,820,700$9,688,619$9,123,219$10,517,895
58$12,983,661$10,120,611$9,386,096$11,082,367
59$14,263,897$10,572,423$9,656,433$11,685,399
60$15,673,328$11,044,985$9,934,437$12,330,168
61$17,225,087$11,539,270$10,220,321$13,020,145
62$18,933,649$12,056,296$10,514,304$13,759,123
63$20,814,959$12,597,133$10,816,611$14,551,247
64$22,886,590$13,162,898$11,127,473$15,401,047
65$25,167,906$13,754,763$11,447,127$16,313,480
66$27,680,243$14,373,957$11,775,816$17,293,968
67$30,447,112$15,021,765$12,113,790$18,348,445
68$33,494,421$15,699,536$12,461,306$19,483,408
69$36,850,720$16,408,681$12,818,627$20,705,971
70$40,547,467$17,150,680$13,186,025$22,023,928
71$44,619,328$17,927,083$13,563,776$23,445,819
72$49,104,504$18,739,514$13,952,167$24,981,004
73$54,045,089$19,589,676$14,351,490$26,639,743
74$59,487,469$20,479,351$14,762,047$28,433,289
75$65,482,760$21,410,408$15,184,144$30,373,984
76$72,087,289$22,384,806$15,618,101$32,475,367
77$79,363,127$23,404,596$16,064,242$34,752,297
78$87,378,673$24,471,928$16,522,900$37,221,079
79$96,209,300$25,589,055$16,994,420$39,899,615
80$105,938,068$26,758,338$17,479,153$42,807,558
81$116,656,507$27,982,252$17,977,460$45,966,491
82$128,465,478$29,263,390$18,489,712$49,400,120
83$141,476,129$30,604,469$19,016,290$53,134,484
84$155,810,943$32,008,336$19,557,584$57,198,195
85$171,604,891$33,477,977$20,113,996$61,622,688
86$189,006,711$35,016,519$20,685,936$66,442,516
87$208,180,308$36,627,240$21,273,826$71,695,652
88$229,306,300$38,313,576$21,878,101$77,423,841
89$252,583,730$40,079,129$22,499,204$83,672,980
90$278,231,936$41,927,671$23,137,593$90,493,530
91$306,492,625$43,863,159$23,793,734$97,940,986
92$337,632,157$45,889,738$24,468,108$106,076,375
93$371,944,056$48,011,754$25,161,209$114,966,823
94$409,751,781$50,233,761$25,873,541$124,686,167
95$451,411,782$52,560,534$26,605,623$135,315,631
96$497,316,859$54,997,077$27,357,988$146,944,581
97$547,899,879$57,548,634$28,131,180$159,671,339
98$603,637,853$60,220,703$28,925,761$173,604,096
99$665,056,444$63,019,047$29,742,304$188,861,910
100$732,734,928$65,949,708$30,581,399$205,575,805