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%17.2%
1 years$701,922$695,670$689,570$683,616$677,802$657,951
2 years$347,486$341,015$334,743$328,661$322,763$302,924
3 years$229,356$222,857$216,601$210,577$204,774$185,569
4 years$170,303$163,823$157,630$151,709$146,047$127,623
5 years$134,880$128,439$122,327$116,527$111,022$93,430
6 years$111,273$104,880$98,859$93,187$87,848$71,104
7 years$94,417$88,078$82,152$76,614$71,444$55,547
8 years$81,781$75,500$69,671$64,270$59,270$44,210
9 years$71,958$65,736$60,008$54,744$49,914$35,677
10 years$64,104$57,943$52,316$47,190$42,529$29,095
11 years$57,683$51,583$46,058$41,069$36,576$23,922
12 years$52,335$46,298$40,876$36,023$31,696$19,797
13 years$47,814$41,840$36,520$31,803$27,640$16,469
14 years$43,942$38,032$32,813$28,231$24,229$13,758
15 years$40,589$34,743$29,626$25,177$21,333$11,533
16 years$37,658$31,876$26,860$22,544$18,854$9,696
17 years$35,075$29,356$24,442$20,255$16,717$8,170
18 years$32,781$27,126$22,312$18,254$14,864$6,898
19 years$30,731$25,141$20,426$16,494$13,249$5,833
20 years$28,889$23,362$18,746$14,939$11,834$4,940
21 years$27,224$21,761$17,242$13,558$10,590$4,188
22 years$25,712$20,313$15,892$12,327$9,493$3,554
23 years$24,334$18,998$14,673$11,226$8,521$3,019
24 years$23,073$17,800$13,570$10,239$7,659$2,566
25 years$21,914$16,704$12,569$9,351$6,892$2,182
26 years$20,847$15,699$11,657$8,550$6,208$1,856
27 years$19,860$14,775$10,824$7,826$5,597$1,580
28 years$18,945$13,922$10,063$7,170$5,050$1,345
29 years$18,094$13,134$9,364$6,575$4,560$1,146
30 years$17,302$12,404$8,722$6,035$4,121$976
31 years$16,563$11,726$8,132$5,542$3,725$832
32 years$15,871$11,095$7,587$5,093$3,370$709
33 years$15,222$10,507$7,084$4,684$3,050$605
34 years$14,613$9,958$6,619$4,310$2,761$515
35 years$14,040$9,445$6,188$3,967$2,501$439
36 years$13,500$8,965$5,789$3,654$2,266$375
37 years$12,990$8,515$5,418$3,366$2,054$320
38 years$12,509$8,092$5,074$3,103$1,862$273
39 years$12,053$7,695$4,754$2,861$1,688$233
40 years$11,621$7,321$4,456$2,639$1,531$198
41 years$11,211$6,969$4,178$2,435$1,389$169
42 years$10,822$6,637$3,919$2,247$1,261$144
43 years$10,452$6,324$3,678$2,074$1,144$123
44 years$10,099$6,028$3,452$1,915$1,039$105
45 years$9,763$5,748$3,241$1,769$943$90
46 years$9,443$5,483$3,044$1,634$856$76
47 years$9,138$5,233$2,860$1,509$777$65
48 years$8,846$4,995$2,688$1,395$706$56
49 years$8,566$4,770$2,526$1,289$641$47
50 years$8,299$4,557$2,375$1,191$582$41

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 $2,703 every year, while hoping to spend $31,289 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: 70/12/18 Blend
53$8,500,000$8,500,000$8,500,000$8,500,000
54$9,369,788$8,919,288$8,787,538$9,985,128
55$10,292,215$9,323,042$9,048,629$10,799,089
56$11,307,681$9,745,531$9,317,419$11,685,693
57$12,425,643$10,187,641$9,594,130$12,655,308
58$13,656,521$10,650,297$9,878,996$13,716,134
59$15,011,798$11,134,474$10,172,254$14,877,193
60$16,504,126$11,641,187$10,474,149$16,148,420
61$18,147,447$12,171,505$10,784,933$17,540,751
62$19,957,123$12,726,546$11,104,865$19,066,226
63$21,950,083$13,307,481$11,434,212$20,738,101
64$24,144,982$13,915,537$11,773,248$22,570,971
65$26,562,373$14,552,002$12,122,255$24,580,906
66$29,224,909$15,218,223$12,481,524$26,785,604
67$32,157,548$15,915,615$12,851,354$29,204,552
68$35,387,795$16,645,657$13,232,051$31,859,210
69$38,945,958$17,409,902$13,623,933$34,773,212
70$42,865,434$18,209,975$14,027,323$37,972,587
71$47,183,027$19,047,583$14,442,557$41,486,001
72$51,939,292$19,924,511$14,869,979$45,345,029
73$57,178,920$20,842,632$15,309,943$49,584,445
74$62,951,157$21,803,907$15,762,813$54,242,554
75$69,310,271$22,810,396$16,228,964$59,361,547
76$76,316,065$23,864,252$16,708,781$64,987,899
77$84,034,439$24,967,735$17,202,660$71,172,803
78$92,538,013$26,123,215$17,711,010$77,972,652
79$101,906,810$27,333,172$18,234,249$85,449,569
80$112,229,018$28,600,211$18,772,809$93,671,987
81$123,601,814$29,927,057$19,327,134$102,715,296
82$136,132,286$31,316,570$19,897,680$112,662,548
83$149,938,443$32,771,746$20,484,917$123,605,241
84$165,150,329$34,295,727$21,089,327$135,644,175
85$181,911,250$35,891,805$21,711,407$148,890,404
86$200,379,126$37,563,432$22,351,667$163,466,277
87$220,727,983$39,314,226$23,010,634$179,506,591
88$243,149,594$41,147,979$23,688,846$197,159,858
89$267,855,291$43,068,668$24,386,861$216,589,704
90$295,077,958$45,080,461$25,105,249$237,976,407
91$325,074,233$47,187,727$25,844,598$261,518,596
92$358,126,925$49,395,046$26,605,512$287,435,119
93$394,547,688$51,707,219$27,388,613$315,967,108
94$434,679,961$54,129,282$28,194,541$347,380,243
95$478,902,210$56,666,510$29,023,951$381,967,261
96$527,631,504$59,324,437$29,877,521$420,050,709
97$581,327,445$62,108,862$30,755,946$461,985,986
98$640,496,514$65,025,866$31,659,940$508,164,690
99$705,696,849$68,081,824$32,590,238$559,018,307
100$777,543,513$71,283,419$33,547,597$615,022,280