Can I retire at age 54 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$677,148$671,117$665,232$659,488$653,880$645,709
2 years$335,222$328,979$322,928$317,062$311,371$303,150
3 years$221,261$214,991$208,956$203,144$197,547$189,530
4 years$164,292$158,041$152,066$146,354$140,892$133,141
5 years$130,120$123,906$118,010$112,414$107,104$99,642
6 years$107,345$101,179$95,369$89,898$84,748$77,584
7 years$91,085$84,970$79,252$73,910$68,922$62,060
8 years$78,894$72,835$67,212$62,002$57,178$50,615
9 years$69,418$63,416$57,890$52,812$48,152$41,886
10 years$61,842$55,898$50,470$45,524$41,028$35,055
11 years$55,647$49,763$44,433$39,620$35,285$29,600
12 years$50,488$44,664$39,433$34,752$30,578$25,174
13 years$46,126$40,363$35,231$30,681$26,664$21,535
14 years$42,391$36,689$31,655$27,235$23,374$18,511
15 years$39,156$33,516$28,580$24,289$20,580$15,976
16 years$36,329$30,751$25,912$21,748$18,189$13,835
17 years$33,837$28,320$23,579$19,540$16,127$12,016
18 years$31,624$26,169$21,525$17,610$14,340$10,461
19 years$29,647$24,253$19,705$15,912$12,781$9,127
20 years$27,869$22,537$18,084$14,411$11,416$7,977
21 years$26,263$20,993$16,634$13,079$10,216$6,983
22 years$24,805$19,596$15,331$11,892$9,158$6,121
23 years$23,475$18,328$14,155$10,830$8,220$5,372
24 years$22,259$17,172$13,091$9,878$7,389$4,719
25 years$21,141$16,115$12,125$9,021$6,649$4,149
26 years$20,111$15,145$11,245$8,248$5,989$3,651
27 years$19,159$14,254$10,442$7,550$5,400$3,215
28 years$18,276$13,431$9,707$6,917$4,872$2,833
29 years$17,456$12,671$9,034$6,343$4,399$2,497
30 years$16,692$11,966$8,414$5,822$3,975$2,202
31 years$15,978$11,312$7,845$5,347$3,594$1,943
32 years$15,311$10,703$7,319$4,914$3,251$1,715
33 years$14,685$10,136$6,834$4,519$2,942$1,514
34 years$14,097$9,607$6,385$4,157$2,664$1,337
35 years$13,544$9,112$5,970$3,827$2,413$1,181
36 years$13,023$8,649$5,585$3,525$2,186$1,044
37 years$12,532$8,214$5,227$3,248$1,981$922
38 years$12,067$7,806$4,895$2,993$1,796$815
39 years$11,627$7,423$4,586$2,760$1,629$720
40 years$11,211$7,062$4,298$2,546$1,477$637
41 years$10,815$6,723$4,031$2,349$1,340$563
42 years$10,440$6,403$3,781$2,168$1,216$498
43 years$10,083$6,100$3,548$2,001$1,104$440
44 years$9,743$5,815$3,330$1,848$1,002$390
45 years$9,419$5,545$3,127$1,706$910$345
46 years$9,110$5,290$2,937$1,576$826$305
47 years$8,815$5,048$2,759$1,456$750$270
48 years$8,533$4,819$2,593$1,346$681$238
49 years$8,264$4,602$2,437$1,244$619$211
50 years$8,006$4,396$2,291$1,149$562$187

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,200,000, adding $2,909 every year, while hoping to spend $26,149 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: 42/48/10 Blend
53$8,200,000$8,200,000$8,200,000$8,200,000
54$9,039,401$8,604,801$8,477,701$9,392,447
55$9,933,597$8,998,614$8,733,881$10,033,234
56$10,918,125$9,410,847$8,997,768$10,723,815
57$12,002,171$9,842,376$9,269,590$11,470,994
58$13,195,858$10,294,117$9,549,586$12,279,943
59$14,510,338$10,767,031$9,838,000$13,156,333
60$15,957,903$11,262,127$10,135,084$14,106,388
61$17,552,097$11,780,458$10,441,096$15,136,932
62$19,307,842$12,323,132$10,756,305$16,255,459
63$21,241,585$12,891,309$11,080,984$17,470,192
64$23,371,446$13,486,202$11,415,416$18,790,160
65$25,717,395$14,109,087$11,759,894$20,225,276
66$28,301,435$14,761,298$12,114,716$21,786,429
67$31,147,814$15,444,235$12,480,192$23,485,578
68$34,283,253$16,159,364$12,856,641$25,335,861
69$37,737,195$16,908,223$13,244,388$27,351,714
70$41,542,086$17,692,423$13,643,772$29,549,000
71$45,733,680$18,513,654$14,055,140$31,945,156
72$50,351,378$19,373,685$14,478,849$34,559,345
73$55,438,596$20,274,373$14,915,268$37,412,634
74$61,043,178$21,217,662$15,364,775$40,528,188
75$67,217,848$22,205,594$15,827,761$43,931,475
76$74,020,704$23,240,304$16,304,627$47,650,504
77$81,515,771$24,324,034$16,795,787$51,716,079
78$89,773,601$25,459,133$17,301,667$56,162,082
79$98,871,941$26,648,063$17,822,706$61,025,781
80$108,896,467$27,893,406$18,359,354$66,348,179
81$119,941,592$29,197,868$18,912,078$72,174,384
82$132,111,356$30,564,285$19,481,354$78,554,028
83$145,520,412$31,995,632$20,067,677$85,541,724
84$160,295,102$33,495,027$20,671,552$93,197,574
85$176,574,657$35,065,738$21,293,504$101,587,716
86$194,512,504$36,711,191$21,934,068$110,784,945
87$214,277,719$38,434,979$22,593,799$120,869,382
88$236,056,622$40,240,869$23,273,267$131,929,219
89$260,054,535$42,132,808$23,973,058$144,061,535
90$286,497,718$44,114,936$24,693,777$157,373,201
91$315,635,511$46,191,594$25,436,044$171,981,870
92$347,742,683$48,367,332$26,200,501$188,017,074
93$383,122,025$50,646,919$26,987,806$205,621,427
94$422,107,212$53,035,359$27,798,638$224,951,956
95$465,065,950$55,537,894$28,633,695$246,181,563
96$512,403,449$58,160,024$29,493,697$269,500,638
97$564,566,248$60,907,511$30,379,382$295,118,837
98$622,046,428$63,786,402$31,291,514$323,267,036
99$685,386,261$66,803,033$32,230,877$354,199,493
100$755,183,326$69,964,048$33,198,278$388,196,221