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

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$668,890$662,932$657,119$651,446$645,905$626,233
2 years$331,134$324,967$318,990$313,195$307,574$287,923
3 years$218,563$212,369$206,408$200,667$195,138$176,125
4 years$162,289$156,114$150,212$144,569$139,174$120,944
5 years$128,533$122,395$116,571$111,043$105,798$88,401
6 years$106,036$99,945$94,206$88,802$83,714$67,166
7 years$89,974$83,934$78,286$73,009$68,082$52,381
8 years$77,932$71,947$66,393$61,245$56,481$41,617
9 years$68,572$62,642$57,184$52,168$47,565$33,523
10 years$61,087$55,216$49,854$44,969$40,528$27,287
11 years$54,968$49,156$43,891$39,136$34,855$22,392
12 years$49,872$44,120$38,952$34,328$30,205$18,495
13 years$45,564$39,871$34,801$30,306$26,339$15,354
14 years$41,874$36,242$31,269$26,903$23,089$12,800
15 years$38,679$33,108$28,232$23,992$20,329$10,708
16 years$35,886$30,376$25,596$21,483$17,967$8,982
17 years$33,424$27,975$23,291$19,302$15,931$7,552
18 years$31,239$25,850$21,262$17,395$14,165$6,362
19 years$29,285$23,957$19,464$15,718$12,625$5,368
20 years$27,529$22,262$17,863$14,236$11,277$4,536
21 years$25,943$20,737$16,431$12,920$10,092$3,836
22 years$24,502$19,357$15,144$11,747$9,046$3,248
23 years$23,189$18,104$13,983$10,698$8,120$2,752
24 years$21,987$16,962$12,931$9,757$7,299$2,334
25 years$20,883$15,918$11,977$8,911$6,568$1,980
26 years$19,866$14,961$11,108$8,148$5,916$1,680
27 years$18,925$14,080$10,315$7,458$5,334$1,427
28 years$18,053$13,267$9,589$6,833$4,813$1,212
29 years$17,243$12,516$8,923$6,266$4,346$1,030
30 years$16,488$11,820$8,312$5,751$3,927$875
31 years$15,783$11,174$7,749$5,281$3,550$744
32 years$15,124$10,573$7,230$4,854$3,211$633
33 years$14,506$10,013$6,751$4,463$2,906$538
34 years$13,925$9,490$6,307$4,107$2,631$457
35 years$13,379$9,001$5,897$3,781$2,383$389
36 years$12,865$8,543$5,516$3,482$2,159$331
37 years$12,379$8,114$5,163$3,208$1,957$282
38 years$11,920$7,711$4,835$2,957$1,774$239
39 years$11,486$7,333$4,530$2,726$1,609$204
40 years$11,074$6,976$4,246$2,515$1,459$173
41 years$10,683$6,641$3,981$2,320$1,324$148
42 years$10,312$6,325$3,735$2,141$1,201$126
43 years$9,960$6,026$3,504$1,977$1,090$107
44 years$9,624$5,744$3,290$1,825$990$91
45 years$9,304$5,477$3,089$1,685$898$77
46 years$8,999$5,225$2,901$1,557$816$66
47 years$8,708$4,987$2,726$1,438$741$56
48 years$8,429$4,760$2,561$1,329$673$48
49 years$8,163$4,546$2,407$1,228$611$41
50 years$7,908$4,342$2,263$1,135$555$35

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 $5,465 every year, while hoping to spend $54,387 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: 37/36/27 Blend
53$8,100,000$8,100,000$8,100,000$8,100,000
54$8,931,837$8,502,537$8,376,987$9,189,959
55$9,785,017$8,861,294$8,599,749$9,739,567
56$10,723,399$9,235,807$8,828,150$10,327,466
57$11,755,615$9,626,792$9,062,323$10,961,459
58$12,891,178$10,034,994$9,302,401$11,645,744
59$14,140,568$10,461,199$9,548,521$12,384,930
60$15,515,331$10,906,223$9,800,822$13,184,071
61$17,028,193$11,370,926$10,059,447$14,048,721
62$18,693,170$11,856,203$10,324,540$14,984,973
63$20,525,710$12,362,994$10,596,250$15,999,523
64$22,542,834$12,892,281$10,874,725$17,099,722
65$24,763,294$13,445,094$11,160,119$18,293,650
66$27,207,755$14,022,509$11,452,589$19,590,182
67$29,898,988$14,625,654$11,752,292$20,999,073
68$32,862,082$15,255,708$12,059,391$22,531,043
69$36,124,683$15,913,906$12,374,049$24,197,877
70$39,717,255$16,601,543$12,696,435$26,012,533
71$43,673,368$17,319,971$13,026,718$27,989,257
72$48,030,010$18,070,608$13,365,071$30,143,713
73$52,827,941$18,854,937$13,711,671$32,493,132
74$58,112,075$19,674,514$14,066,696$35,056,463
75$63,931,905$20,530,964$14,430,329$37,854,552
76$70,341,969$21,425,990$14,802,754$40,910,330
77$77,402,363$22,361,376$15,184,159$44,249,029
78$85,179,310$23,338,990$15,574,735$47,898,408
79$93,745,786$24,360,787$15,974,676$51,889,016
80$103,182,206$25,428,815$16,384,177$56,254,468
81$113,577,182$26,545,219$16,803,438$61,031,762
82$125,028,364$27,712,243$17,232,662$66,261,618
83$137,643,354$28,932,241$17,672,054$71,988,855
84$151,540,730$30,207,674$18,121,821$78,262,811
85$166,851,158$31,541,123$18,582,175$85,137,797
86$183,718,627$32,935,289$19,053,329$92,673,602
87$202,301,810$34,393,001$19,535,499$100,936,054
88$222,775,560$35,917,224$20,028,904$109,997,628
89$245,332,561$37,511,061$20,533,765$119,938,121
90$270,185,143$39,177,764$21,050,307$130,845,402
91$297,567,291$40,920,738$21,578,756$142,816,225
92$327,736,851$42,743,551$22,119,341$155,957,134
93$360,977,963$44,649,939$22,672,292$170,385,462
94$397,603,746$46,643,816$23,237,845$186,230,423
95$437,959,249$48,729,284$23,816,233$203,634,322
96$482,424,710$50,910,636$24,407,694$222,753,885
97$531,419,147$53,192,374$25,012,469$243,761,731
98$585,404,311$55,579,212$25,630,798$266,847,980
99$644,889,045$58,076,087$26,262,923$292,222,043
100$710,434,086$60,688,174$26,909,090$320,114,576