Can I retire at age 54 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$701,922$695,670$689,570$683,616$677,802$668,778
2 years$347,486$341,015$334,743$328,661$322,763$313,686
3 years$229,356$222,857$216,601$210,577$204,774$195,926
4 years$170,303$163,823$157,630$151,709$146,047$137,496
5 years$134,880$128,439$122,327$116,527$111,022$102,793
6 years$111,273$104,880$98,859$93,187$87,848$79,951
7 years$94,417$88,078$82,152$76,614$71,444$63,882
8 years$81,781$75,500$69,671$64,270$59,270$52,041
9 years$71,958$65,736$60,008$54,744$49,914$43,016
10 years$64,104$57,943$52,316$47,190$42,529$35,957
11 years$57,683$51,583$46,058$41,069$36,576$30,324
12 years$52,335$46,298$40,876$36,023$31,696$25,756
13 years$47,814$41,840$36,520$31,803$27,640$22,004
14 years$43,942$38,032$32,813$28,231$24,229$18,889
15 years$40,589$34,743$29,626$25,177$21,333$16,280
16 years$37,658$31,876$26,860$22,544$18,854$14,079
17 years$35,075$29,356$24,442$20,255$16,717$12,210
18 years$32,781$27,126$22,312$18,254$14,864$10,615
19 years$30,731$25,141$20,426$16,494$13,249$9,248
20 years$28,889$23,362$18,746$14,939$11,834$8,071
21 years$27,224$21,761$17,242$13,558$10,590$7,055
22 years$25,712$20,313$15,892$12,327$9,493$6,174
23 years$24,334$18,998$14,673$11,226$8,521$5,410
24 years$23,073$17,800$13,570$10,239$7,659$4,745
25 years$21,914$16,704$12,569$9,351$6,892$4,166
26 years$20,847$15,699$11,657$8,550$6,208$3,660
27 years$19,860$14,775$10,824$7,826$5,597$3,218
28 years$18,945$13,922$10,063$7,170$5,050$2,830
29 years$18,094$13,134$9,364$6,575$4,560$2,491
30 years$17,302$12,404$8,722$6,035$4,121$2,193
31 years$16,563$11,726$8,132$5,542$3,725$1,932
32 years$15,871$11,095$7,587$5,093$3,370$1,702
33 years$15,222$10,507$7,084$4,684$3,050$1,501
34 years$14,613$9,958$6,619$4,310$2,761$1,323
35 years$14,040$9,445$6,188$3,967$2,501$1,167
36 years$13,500$8,965$5,789$3,654$2,266$1,029
37 years$12,990$8,515$5,418$3,366$2,054$908
38 years$12,509$8,092$5,074$3,103$1,862$801
39 years$12,053$7,695$4,754$2,861$1,688$707
40 years$11,621$7,321$4,456$2,639$1,531$624
41 years$11,211$6,969$4,178$2,435$1,389$551
42 years$10,822$6,637$3,919$2,247$1,261$486
43 years$10,452$6,324$3,678$2,074$1,144$429
44 years$10,099$6,028$3,452$1,915$1,039$379
45 years$9,763$5,748$3,241$1,769$943$335
46 years$9,443$5,483$3,044$1,634$856$295
47 years$9,138$5,233$2,860$1,509$777$261
48 years$8,846$4,995$2,688$1,395$706$230
49 years$8,566$4,770$2,526$1,289$641$203
50 years$8,299$4,557$2,375$1,191$582$180

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,500,000, adding $5,189 every year, while hoping to spend $24,905 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: 37/42/21 Blend
53$8,500,000$8,500,000$8,500,000$8,500,000
54$9,372,352$8,921,852$8,790,102$9,659,683
55$10,301,834$9,332,524$9,058,072$10,279,844
56$11,325,287$9,762,485$9,334,184$10,946,559
57$12,452,272$10,212,652$9,618,685$11,666,214
58$13,693,321$10,683,989$9,911,828$12,443,581
59$15,060,041$11,177,506$10,213,876$13,283,896
60$16,565,222$11,694,260$10,525,097$14,192,898
61$18,222,956$12,235,361$10,845,769$15,176,881
62$20,048,774$12,801,970$11,176,179$16,242,753
63$22,059,788$13,395,305$11,516,620$17,398,091
64$24,274,856$14,016,645$11,867,396$18,651,213
65$26,714,757$14,667,326$12,228,820$20,011,249
66$29,402,390$15,348,753$12,601,213$21,488,224
67$32,362,987$16,062,395$12,984,907$23,093,147
68$35,624,355$16,809,795$13,380,244$24,838,107
69$39,217,132$17,592,569$13,787,576$26,736,387
70$43,175,084$18,412,409$14,207,264$28,802,579
71$47,535,419$19,271,093$14,639,683$31,052,718
72$52,339,136$20,170,481$15,085,217$33,504,424
73$57,631,418$21,112,525$15,544,262$36,177,066
74$63,462,054$22,099,270$16,017,227$39,091,935
75$69,885,911$23,132,861$16,504,531$42,272,438
76$76,963,449$24,215,546$17,006,607$45,744,313
77$84,761,294$25,349,682$17,523,902$49,535,860
78$93,352,869$26,537,739$18,056,876$53,678,204
79$102,819,080$27,782,307$18,606,000$58,205,579
80$113,249,088$29,086,102$19,171,763$63,155,642
81$124,741,145$30,451,970$19,754,666$68,569,816
82$137,403,521$31,882,897$20,355,227$74,493,676
83$151,355,532$33,382,010$20,973,979$80,977,365
84$166,728,658$34,952,591$21,611,470$88,076,058
85$183,667,792$36,598,078$22,268,264$95,850,471
86$202,332,601$38,322,078$22,944,945$104,367,421
87$222,899,037$40,128,371$23,642,111$113,700,449
88$245,560,997$42,020,920$24,360,381$123,930,493
89$270,532,155$44,003,881$25,100,390$135,146,645
90$298,047,975$46,081,611$25,862,793$147,446,977
91$328,367,937$48,258,679$26,648,265$160,939,447
92$361,777,986$50,539,873$27,457,501$175,742,908
93$398,593,230$52,930,216$28,291,217$191,988,210
94$439,160,916$55,434,974$29,150,150$209,819,421
95$483,863,709$58,059,667$30,035,059$229,395,164
96$533,123,300$60,810,084$30,946,727$250,890,100
97$587,404,393$63,692,294$31,885,958$274,496,558
98$647,219,087$66,712,662$32,853,583$300,426,324
99$713,131,712$69,877,860$33,850,456$328,912,624
100$785,764,157$73,194,886$34,877,457$360,212,301