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

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$701,922$695,670$689,570$683,616$677,802$659,544
2 years$347,486$341,015$334,743$328,661$322,763$304,499
3 years$229,356$222,857$216,601$210,577$204,774$187,075
4 years$170,303$163,823$157,630$151,709$146,047$129,049
5 years$134,880$128,439$122,327$116,527$111,022$94,773
6 years$111,273$104,880$98,859$93,187$87,848$72,363
7 years$94,417$88,078$82,152$76,614$71,444$56,723
8 years$81,781$75,500$69,671$64,270$59,270$45,306
9 years$71,958$65,736$60,008$54,744$49,914$36,694
10 years$64,104$57,943$52,316$47,190$42,529$30,037
11 years$57,683$51,583$46,058$41,069$36,576$24,792
12 years$52,335$46,298$40,876$36,023$31,696$20,599
13 years$47,814$41,840$36,520$31,803$27,640$17,205
14 years$43,942$38,032$32,813$28,231$24,229$14,433
15 years$40,589$34,743$29,626$25,177$21,333$12,150
16 years$37,658$31,876$26,860$22,544$18,854$10,258
17 years$35,075$29,356$24,442$20,255$16,717$8,682
18 years$32,781$27,126$22,312$18,254$14,864$7,363
19 years$30,731$25,141$20,426$16,494$13,249$6,255
20 years$28,889$23,362$18,746$14,939$11,834$5,321
21 years$27,224$21,761$17,242$13,558$10,590$4,532
22 years$25,712$20,313$15,892$12,327$9,493$3,864
23 years$24,334$18,998$14,673$11,226$8,521$3,297
24 years$23,073$17,800$13,570$10,239$7,659$2,816
25 years$21,914$16,704$12,569$9,351$6,892$2,406
26 years$20,847$15,699$11,657$8,550$6,208$2,057
27 years$19,860$14,775$10,824$7,826$5,597$1,760
28 years$18,945$13,922$10,063$7,170$5,050$1,506
29 years$18,094$13,134$9,364$6,575$4,560$1,289
30 years$17,302$12,404$8,722$6,035$4,121$1,103
31 years$16,563$11,726$8,132$5,542$3,725$945
32 years$15,871$11,095$7,587$5,093$3,370$809
33 years$15,222$10,507$7,084$4,684$3,050$693
34 years$14,613$9,958$6,619$4,310$2,761$594
35 years$14,040$9,445$6,188$3,967$2,501$509
36 years$13,500$8,965$5,789$3,654$2,266$436
37 years$12,990$8,515$5,418$3,366$2,054$374
38 years$12,509$8,092$5,074$3,103$1,862$321
39 years$12,053$7,695$4,754$2,861$1,688$275
40 years$11,621$7,321$4,456$2,639$1,531$236
41 years$11,211$6,969$4,178$2,435$1,389$202
42 years$10,822$6,637$3,919$2,247$1,261$173
43 years$10,452$6,324$3,678$2,074$1,144$149
44 years$10,099$6,028$3,452$1,915$1,039$127
45 years$9,763$5,748$3,241$1,769$943$109
46 years$9,443$5,483$3,044$1,634$856$94
47 years$9,138$5,233$2,860$1,509$777$80
48 years$8,846$4,995$2,688$1,395$706$69
49 years$8,566$4,770$2,526$1,289$641$59
50 years$8,299$4,557$2,375$1,191$582$51

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 $5,267 every year, while hoping to spend $49,678 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: 86/6/8 Blend
53$8,500,000$8,500,000$8,500,000$8,500,000
54$9,372,433$8,921,933$8,790,183$10,170,254
55$10,275,564$9,306,251$9,031,797$11,075,776
56$11,269,150$9,707,735$9,279,840$12,063,350
57$12,362,363$10,127,174$9,534,475$13,147,023
58$13,565,313$10,565,395$9,795,869$14,336,442
59$14,889,137$11,023,261$10,064,193$15,642,230
60$16,346,106$11,501,678$10,339,620$17,076,088
61$17,949,741$12,001,592$10,622,330$18,650,906
62$19,714,942$12,523,997$10,912,505$20,380,881
63$21,658,124$13,069,931$11,210,332$22,281,652
64$23,797,377$13,640,482$11,516,002$24,370,447
65$26,152,633$14,236,789$11,829,712$26,666,245
66$28,745,854$14,860,045$12,151,660$29,189,951
67$31,601,242$15,511,498$12,482,051$31,964,597
68$34,745,464$16,192,457$12,821,095$35,015,556
69$38,207,905$16,904,290$13,169,006$38,370,781
70$42,020,945$17,648,434$13,526,000$42,061,068
71$46,220,263$18,426,389$13,892,303$46,120,344
72$50,845,177$19,239,729$14,268,143$50,585,988
73$55,939,011$20,090,102$14,653,752$55,499,185
74$61,549,506$20,979,234$15,049,369$60,905,307
75$67,729,271$21,908,931$15,455,238$66,854,346
76$74,536,276$22,881,088$15,871,607$73,401,382
77$82,034,401$23,897,687$16,298,731$80,607,103
78$90,294,042$24,960,805$16,736,870$88,538,375
79$99,392,768$26,072,618$17,186,289$97,268,872
80$109,416,059$27,235,405$17,647,258$106,879,772
81$120,458,110$28,451,553$18,120,055$117,460,517
82$132,622,721$29,723,563$18,604,961$129,109,663
83$146,024,277$31,054,055$19,102,265$141,935,802
84$160,788,823$32,445,774$19,612,260$156,058,589
85$177,055,259$33,901,593$20,135,248$171,609,869
86$194,976,651$35,424,527$20,671,534$188,734,918
87$214,721,670$37,017,729$21,221,431$207,593,815
88$236,476,189$38,684,506$21,785,257$228,362,951
89$260,445,035$40,428,322$22,363,339$251,236,690
90$286,853,925$42,252,806$22,956,007$276,429,204
91$315,951,591$44,161,760$23,563,599$304,176,490
92$348,012,135$46,159,167$24,186,460$334,738,598
93$383,337,608$48,249,201$24,824,942$368,402,081
94$422,260,869$50,436,237$25,479,403$405,482,702
95$465,148,721$52,724,857$26,150,207$446,328,406
96$512,405,378$55,119,862$26,837,726$491,322,608
97$564,476,275$57,626,284$27,542,338$540,887,805
98$621,852,279$60,249,396$28,264,430$595,489,564
99$685,074,317$62,994,722$29,004,394$655,640,915
100$754,738,486$65,868,051$29,762,630$721,907,187