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

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$685,406$679,301$673,344$667,531$661,854$643,765
2 years$339,310$332,991$326,866$320,928$315,168$297,077
3 years$223,960$217,613$211,504$205,622$199,956$182,427
4 years$166,296$159,969$153,921$148,139$142,610$125,779
5 years$131,707$125,417$119,449$113,785$108,410$92,323
6 years$108,655$102,413$96,532$90,995$85,781$70,454
7 years$92,195$86,006$80,219$74,812$69,763$55,195
8 years$79,857$73,723$68,032$62,758$57,875$44,060
9 years$70,265$64,189$58,596$53,456$48,739$35,663
10 years$62,596$56,580$51,085$46,079$41,528$29,175
11 years$56,325$50,370$44,975$40,103$35,716$24,065
12 years$51,104$45,209$39,914$35,176$30,950$19,981
13 years$46,689$40,856$35,660$31,055$26,989$16,678
14 years$42,908$37,137$32,041$27,567$23,659$13,981
15 years$39,634$33,925$28,929$24,585$20,831$11,762
16 years$36,772$31,126$26,228$22,013$18,411$9,923
17 years$34,250$28,665$23,867$19,779$16,324$8,392
18 years$32,010$26,488$21,787$17,824$14,515$7,112
19 years$30,008$24,549$19,945$16,106$12,937$6,037
20 years$28,209$22,812$18,305$14,587$11,556$5,132
21 years$26,583$21,249$16,837$13,239$10,341$4,368
22 years$25,107$19,835$15,518$12,037$9,269$3,721
23 years$23,762$18,551$14,328$10,962$8,321$3,173
24 years$22,530$17,381$13,251$9,998$7,479$2,707
25 years$21,399$16,311$12,273$9,131$6,730$2,312
26 years$20,356$15,330$11,382$8,349$6,062$1,975
27 years$19,392$14,427$10,570$7,642$5,465$1,688
28 years$18,499$13,595$9,826$7,002$4,931$1,443
29 years$17,669$12,825$9,144$6,421$4,453$1,234
30 years$16,895$12,112$8,517$5,893$4,024$1,056
31 years$16,173$11,450$7,940$5,412$3,638$903
32 years$15,497$10,834$7,408$4,974$3,291$773
33 years$14,864$10,260$6,917$4,574$2,978$662
34 years$14,269$9,724$6,463$4,208$2,696$567
35 years$13,710$9,223$6,042$3,874$2,442$485
36 years$13,182$8,754$5,653$3,568$2,213$415
37 years$12,685$8,314$5,291$3,287$2,005$356
38 years$12,214$7,902$4,955$3,030$1,818$305
39 years$11,769$7,514$4,642$2,794$1,649$261
40 years$11,347$7,149$4,351$2,577$1,495$224
41 years$10,947$6,805$4,080$2,377$1,357$192
42 years$10,567$6,481$3,827$2,194$1,231$164
43 years$10,206$6,175$3,591$2,025$1,117$141
44 years$9,862$5,886$3,371$1,870$1,014$120
45 years$9,534$5,613$3,165$1,727$921$103
46 years$9,221$5,354$2,973$1,595$836$88
47 years$8,923$5,110$2,793$1,474$759$76
48 years$8,637$4,878$2,624$1,362$689$65
49 years$8,365$4,658$2,467$1,259$626$56
50 years$8,104$4,450$2,319$1,163$569$48

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 $2,620 every year, while hoping to spend $34,551 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: 54/34/12 Blend
53$8,300,000$8,300,000$8,300,000$8,300,000
54$9,149,303$8,709,403$8,580,753$9,614,843
55$10,045,769$9,099,401$8,831,446$10,321,490
56$11,032,518$9,507,352$9,089,379$11,086,260
57$12,118,720$9,934,098$9,354,759$11,917,844
58$13,314,483$10,380,522$9,627,797$12,822,596
59$14,630,943$10,847,550$9,908,710$13,807,500
60$16,080,371$11,336,151$10,197,724$14,880,233
61$17,676,288$11,847,342$10,495,067$16,049,231
62$19,433,593$12,382,186$10,800,976$17,323,771
63$21,368,706$12,941,799$11,115,694$18,714,049
64$23,499,715$13,527,349$11,439,472$20,231,280
65$25,846,557$14,140,060$11,772,565$21,887,794
66$28,431,197$14,781,214$12,115,237$23,697,154
67$31,277,842$15,452,157$12,467,761$25,674,277
68$34,413,165$16,154,295$12,830,413$27,835,573
69$37,866,558$16,889,105$13,203,482$30,199,095
70$41,670,408$17,658,133$13,587,261$32,784,703
71$45,860,408$18,463,000$13,982,052$35,614,254
72$50,475,886$19,305,403$14,388,167$38,711,794
73$55,560,180$20,187,122$14,805,924$42,103,789
74$61,161,049$21,110,021$15,235,653$45,819,364
75$67,331,119$22,076,055$15,677,690$49,890,574
76$74,128,383$23,087,272$16,132,383$54,352,704
77$81,616,746$24,145,817$16,600,086$59,244,593
78$89,866,632$25,253,939$17,081,167$64,608,995
79$98,955,643$26,413,996$17,576,000$70,492,978
80$108,969,295$27,628,459$18,084,973$76,948,360
81$120,001,825$28,899,916$18,608,481$84,032,192
82$132,157,080$30,231,080$19,146,934$91,807,289
83$145,549,496$31,624,796$19,700,750$100,342,818
84$160,305,178$33,084,045$20,270,358$109,714,937
85$176,563,093$34,611,950$20,856,202$120,007,512
86$194,476,379$36,211,787$21,458,736$131,312,896
87$214,213,792$37,886,986$22,078,426$143,732,796
88$235,961,297$39,641,147$22,715,751$157,379,218
89$259,923,825$41,478,038$23,371,205$172,375,518
90$286,327,207$43,401,614$24,045,291$188,857,557
91$315,420,305$45,416,016$24,738,532$206,974,970
92$347,477,362$47,525,587$25,451,459$226,892,568
93$382,800,591$49,734,878$26,184,620$248,791,884
94$421,723,026$52,048,662$26,938,580$272,872,872
95$464,611,668$54,471,940$27,713,916$299,355,783
96$511,870,948$57,009,955$28,511,221$328,483,229
97$563,946,544$59,668,202$29,331,107$360,522,460
98$621,329,591$62,452,443$30,174,198$395,767,874
99$684,561,314$65,368,718$31,041,139$434,543,777
100$754,238,140$68,423,358$31,932,590$477,207,432