Can I retire at age 54 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$685,406$679,301$673,344$667,531$661,854$649,820
2 years$339,310$332,991$326,866$320,928$315,168$303,088
3 years$223,960$217,613$211,504$205,622$199,956$188,204
4 years$166,296$159,969$153,921$148,139$142,610$131,279
5 years$131,707$125,417$119,449$113,785$108,410$97,531
6 years$108,655$102,413$96,532$90,995$85,781$75,366
7 years$92,195$86,006$80,219$74,812$69,763$59,815
8 years$79,857$73,723$68,032$62,758$57,875$48,392
9 years$70,265$64,189$58,596$53,456$48,739$39,716
10 years$62,596$56,580$51,085$46,079$41,528$32,956
11 years$56,325$50,370$44,975$40,103$35,716$27,585
12 years$51,104$45,209$39,914$35,176$30,950$23,250
13 years$46,689$40,856$35,660$31,055$26,989$19,707
14 years$42,908$37,137$32,041$27,567$23,659$16,781
15 years$39,634$33,925$28,929$24,585$20,831$14,345
16 years$36,772$31,126$26,228$22,013$18,411$12,302
17 years$34,250$28,665$23,867$19,779$16,324$10,579
18 years$32,010$26,488$21,787$17,824$14,515$9,117
19 years$30,008$24,549$19,945$16,106$12,937$7,873
20 years$28,209$22,812$18,305$14,587$11,556$6,810
21 years$26,583$21,249$16,837$13,239$10,341$5,899
22 years$25,107$19,835$15,518$12,037$9,269$5,116
23 years$23,762$18,551$14,328$10,962$8,321$4,441
24 years$22,530$17,381$13,251$9,998$7,479$3,859
25 years$21,399$16,311$12,273$9,131$6,730$3,356
26 years$20,356$15,330$11,382$8,349$6,062$2,920
27 years$19,392$14,427$10,570$7,642$5,465$2,543
28 years$18,499$13,595$9,826$7,002$4,931$2,215
29 years$17,669$12,825$9,144$6,421$4,453$1,930
30 years$16,895$12,112$8,517$5,893$4,024$1,683
31 years$16,173$11,450$7,940$5,412$3,638$1,468
32 years$15,497$10,834$7,408$4,974$3,291$1,281
33 years$14,864$10,260$6,917$4,574$2,978$1,118
34 years$14,269$9,724$6,463$4,208$2,696$975
35 years$13,710$9,223$6,042$3,874$2,442$851
36 years$13,182$8,754$5,653$3,568$2,213$743
37 years$12,685$8,314$5,291$3,287$2,005$649
38 years$12,214$7,902$4,955$3,030$1,818$567
39 years$11,769$7,514$4,642$2,794$1,649$495
40 years$11,347$7,149$4,351$2,577$1,495$433
41 years$10,947$6,805$4,080$2,377$1,357$378
42 years$10,567$6,481$3,827$2,194$1,231$330
43 years$10,206$6,175$3,591$2,025$1,117$289
44 years$9,862$5,886$3,371$1,870$1,014$252
45 years$9,534$5,613$3,165$1,727$921$220
46 years$9,221$5,354$2,973$1,595$836$193
47 years$8,923$5,110$2,793$1,474$759$168
48 years$8,637$4,878$2,624$1,362$689$147
49 years$8,365$4,658$2,467$1,259$626$128
50 years$8,104$4,450$2,319$1,163$569$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,300,000, adding $5,637 every year, while hoping to spend $50,482 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: 75/5/20 Blend
53$8,300,000$8,300,000$8,300,000$8,300,000
54$9,152,415$8,712,515$8,583,865$9,795,229
55$10,032,248$9,085,715$8,817,712$10,595,421
56$11,000,133$9,475,511$9,057,701$11,465,573
57$12,064,997$9,882,661$9,303,984$12,418,094
58$13,236,677$10,307,962$9,556,717$13,461,189
59$14,526,011$10,752,245$9,816,061$14,603,892
60$15,944,942$11,216,383$10,082,177$15,856,152
61$17,506,629$11,701,288$10,355,232$17,228,929
62$19,225,569$12,207,915$10,635,396$18,734,290
63$21,117,739$12,737,265$10,922,844$20,385,528
64$23,200,742$13,290,384$11,217,752$22,197,285
65$25,493,974$13,868,370$11,520,304$24,185,686
66$28,018,809$14,472,370$11,830,684$26,368,495
67$30,798,797$15,103,586$12,149,081$28,765,279
68$33,859,890$15,763,276$12,475,691$31,397,593
69$37,230,681$16,452,760$12,810,709$34,289,181
70$40,942,682$17,173,416$13,154,339$37,466,200
71$45,030,612$17,926,690$13,506,786$40,957,465
72$49,532,732$18,714,096$13,868,261$44,794,722
73$54,491,202$19,537,218$14,238,979$49,012,943
74$59,952,479$20,397,716$14,619,159$53,650,658
75$65,967,757$21,297,328$15,009,025$58,750,315
76$72,593,446$22,237,875$15,408,806$64,358,684
77$79,891,710$23,221,264$15,818,734$70,527,288
78$87,931,051$24,249,492$16,239,047$77,312,899
79$96,786,951$25,324,650$16,669,988$84,778,063
80$106,542,591$26,448,929$17,111,804$92,991,697
81$117,289,632$27,624,624$17,564,747$102,029,730
82$129,129,083$28,854,138$18,029,074$111,975,824
83$142,172,248$30,139,990$18,505,047$122,922,162
84$156,541,784$31,484,817$18,992,933$134,970,311
85$172,372,854$32,891,380$19,493,004$148,232,186
86$189,814,403$34,362,576$20,005,537$162,831,098
87$209,030,565$35,901,435$20,530,815$178,902,923
88$230,202,211$37,511,133$21,069,126$196,597,377
89$253,528,656$39,194,998$21,620,761$216,079,429
90$279,229,542$40,956,516$22,186,019$237,530,857
91$307,546,908$42,799,339$22,765,204$261,151,963
92$338,747,479$44,727,292$23,358,625$287,163,459
93$373,125,177$46,744,385$23,966,594$315,808,547
94$411,003,903$48,854,818$24,589,433$347,355,217
95$452,740,587$51,062,990$25,227,465$382,098,772
96$498,728,563$53,373,513$25,881,021$420,364,613
97$549,401,279$55,791,217$26,550,437$462,511,306
98$605,236,387$58,321,164$27,236,054$508,933,968
99$666,760,255$60,968,658$27,938,219$560,067,994
100$734,552,936$63,739,257$28,657,284$616,393,160