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%15.1%
1 years$685,406$679,301$673,344$667,531$661,854$647,961
2 years$339,310$332,991$326,866$320,928$315,168$301,237
3 years$223,960$217,613$211,504$205,622$199,956$186,421
4 years$166,296$159,969$153,921$148,139$142,610$129,575
5 years$131,707$125,417$119,449$113,785$108,410$95,913
6 years$108,655$102,413$96,532$90,995$85,781$73,834
7 years$92,195$86,006$80,219$74,812$69,763$58,369
8 years$79,857$73,723$68,032$62,758$57,875$47,031
9 years$70,265$64,189$58,596$53,456$48,739$38,437
10 years$62,596$56,580$51,085$46,079$41,528$31,758
11 years$56,325$50,370$44,975$40,103$35,716$26,465
12 years$51,104$45,209$39,914$35,176$30,950$22,205
13 years$46,689$40,856$35,660$31,055$26,989$18,734
14 years$42,908$37,137$32,041$27,567$23,659$15,877
15 years$39,634$33,925$28,929$24,585$20,831$13,507
16 years$36,772$31,126$26,228$22,013$18,411$11,526
17 years$34,250$28,665$23,867$19,779$16,324$9,862
18 years$32,010$26,488$21,787$17,824$14,515$8,456
19 years$30,008$24,549$19,945$16,106$12,937$7,264
20 years$28,209$22,812$18,305$14,587$11,556$6,250
21 years$26,583$21,249$16,837$13,239$10,341$5,385
22 years$25,107$19,835$15,518$12,037$9,269$4,645
23 years$23,762$18,551$14,328$10,962$8,321$4,011
24 years$22,530$17,381$13,251$9,998$7,479$3,466
25 years$21,399$16,311$12,273$9,131$6,730$2,997
26 years$20,356$15,330$11,382$8,349$6,062$2,594
27 years$19,392$14,427$10,570$7,642$5,465$2,246
28 years$18,499$13,595$9,826$7,002$4,931$1,945
29 years$17,669$12,825$9,144$6,421$4,453$1,686
30 years$16,895$12,112$8,517$5,893$4,024$1,461
31 years$16,173$11,450$7,940$5,412$3,638$1,267
32 years$15,497$10,834$7,408$4,974$3,291$1,099
33 years$14,864$10,260$6,917$4,574$2,978$953
34 years$14,269$9,724$6,463$4,208$2,696$827
35 years$13,710$9,223$6,042$3,874$2,442$718
36 years$13,182$8,754$5,653$3,568$2,213$623
37 years$12,685$8,314$5,291$3,287$2,005$541
38 years$12,214$7,902$4,955$3,030$1,818$470
39 years$11,769$7,514$4,642$2,794$1,649$408
40 years$11,347$7,149$4,351$2,577$1,495$354
41 years$10,947$6,805$4,080$2,377$1,357$307
42 years$10,567$6,481$3,827$2,194$1,231$267
43 years$10,206$6,175$3,591$2,025$1,117$232
44 years$9,862$5,886$3,371$1,870$1,014$201
45 years$9,534$5,613$3,165$1,727$921$175
46 years$9,221$5,354$2,973$1,595$836$152
47 years$8,923$5,110$2,793$1,474$759$132
48 years$8,637$4,878$2,624$1,362$689$115
49 years$8,365$4,658$2,467$1,259$626$100
50 years$8,104$4,450$2,319$1,163$569$87

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 $5,039 every year, while hoping to spend $34,498 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: 38/36/26 Blend
53$8,300,000$8,300,000$8,300,000$8,300,000
54$9,151,798$8,711,898$8,583,248$9,428,434
55$10,048,575$9,102,075$8,834,081$10,021,445
56$11,035,668$9,510,215$9,092,161$10,658,354
57$12,122,252$9,937,161$9,357,694$11,346,032
58$13,318,437$10,383,797$9,630,892$12,089,106
59$14,635,364$10,851,050$9,911,973$12,892,647
60$16,085,309$11,339,888$10,201,161$13,762,224
61$17,681,797$11,851,330$10,498,688$14,703,947
62$19,439,735$12,386,440$10,804,788$15,724,523
63$21,375,546$12,946,333$11,119,706$16,831,316
64$23,507,328$13,532,180$11,443,693$18,032,415
65$25,855,023$14,145,204$11,777,004$19,336,702
66$28,440,606$14,786,690$12,119,905$20,753,935
67$31,288,293$15,457,983$12,472,666$22,294,836
68$34,424,766$16,160,491$12,835,568$23,971,185
69$37,879,428$16,895,692$13,208,896$25,795,930
70$41,684,682$17,665,133$13,592,946$27,783,304
71$45,876,230$18,470,435$13,988,020$29,948,951
72$50,493,417$19,313,298$14,394,430$32,310,074
73$55,579,599$20,195,502$14,812,497$34,885,585
74$61,182,550$21,118,914$15,242,547$37,696,284
75$67,354,917$22,085,488$15,684,920$40,765,048
76$74,154,717$23,097,275$16,139,963$44,117,037
77$81,645,878$24,156,421$16,608,032$47,779,931
78$89,898,850$25,265,179$17,089,493$51,784,180
79$98,991,266$26,425,905$17,584,724$56,163,284
80$109,008,674$27,641,074$18,094,112$60,954,106
81$120,045,347$28,913,275$18,618,053$66,197,209
82$132,205,172$30,245,224$19,156,957$71,937,232
83$145,602,627$31,639,768$19,711,242$78,223,301
84$160,363,867$33,099,889$20,281,341$85,109,489
85$176,627,912$34,628,714$20,867,696$92,655,310
86$194,547,957$36,229,519$21,470,763$100,926,277
87$214,292,823$37,905,740$22,091,007$109,994,508
88$236,048,546$39,660,976$22,728,911$119,939,396
89$260,020,135$41,499,001$23,384,967$130,848,349
90$286,433,507$43,423,771$24,059,682$142,817,602
91$315,537,620$45,439,431$24,753,576$155,953,113
92$347,606,821$47,550,326$25,467,185$170,371,554
93$382,943,438$49,761,014$26,201,057$186,201,396
94$421,880,633$52,076,267$26,955,756$203,584,107
95$464,785,546$54,501,093$27,731,862$222,675,480
96$512,062,762$57,040,737$28,529,970$243,647,078
97$564,158,131$59,700,700$29,350,691$266,687,847
98$621,562,973$62,486,747$30,194,653$292,005,880
99$684,818,722$65,404,924$31,062,500$319,830,363
100$754,522,032$68,461,565$31,954,893$350,413,720