Can I retire at age 54 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$710,180$703,854$697,682$691,658$685,776$668,384
2 years$351,574$345,026$338,681$332,528$326,560$309,151
3 years$232,055$225,479$219,149$213,054$207,183$190,301
4 years$172,307$165,751$159,484$153,493$147,765$131,540
5 years$136,467$129,951$123,766$117,898$112,328$96,806
6 years$112,582$106,114$100,022$94,284$88,882$74,076
7 years$95,528$89,115$83,118$77,516$72,285$58,198
8 years$82,743$76,388$70,491$65,026$59,967$46,593
9 years$72,804$66,509$60,714$55,388$50,501$37,828
10 years$64,858$58,625$52,932$47,745$43,029$31,042
11 years$58,361$52,190$46,600$41,552$37,007$25,688
12 years$52,951$46,843$41,357$36,447$32,069$21,399
13 years$48,376$42,332$36,949$32,177$27,965$17,922
14 years$44,459$38,479$33,199$28,563$24,514$15,075
15 years$41,066$35,151$29,974$25,473$21,584$12,727
16 years$38,101$32,251$27,176$22,809$19,076$10,776
17 years$35,488$29,702$24,729$20,493$16,914$9,147
18 years$33,167$27,446$22,575$18,469$15,039$7,780
19 years$31,093$25,436$20,666$16,688$13,405$6,629
20 years$29,229$23,637$18,966$15,114$11,973$5,656
21 years$27,544$22,017$17,445$13,717$10,715$4,833
22 years$26,015$20,552$16,078$12,472$9,604$4,133
23 years$24,621$19,222$14,846$11,359$8,621$3,538
24 years$23,344$18,009$13,730$10,360$7,749$3,031
25 years$22,172$16,901$12,716$9,461$6,973$2,598
26 years$21,092$15,884$11,794$8,651$6,281$2,229
27 years$20,093$14,949$10,952$7,918$5,663$1,912
28 years$19,168$14,086$10,181$7,255$5,110$1,642
29 years$18,307$13,289$9,474$6,653$4,614$1,410
30 years$17,506$12,550$8,825$6,106$4,169$1,211
31 years$16,758$11,864$8,227$5,607$3,769$1,041
32 years$16,058$11,225$7,676$5,153$3,409$894
33 years$15,401$10,631$7,167$4,739$3,086$769
34 years$14,785$10,076$6,697$4,360$2,794$661
35 years$14,205$9,556$6,261$4,014$2,530$568
36 years$13,659$9,070$5,857$3,697$2,293$489
37 years$13,143$8,615$5,482$3,406$2,078$420
38 years$12,656$8,187$5,134$3,139$1,884$362
39 years$12,195$7,785$4,810$2,895$1,708$311
40 years$11,758$7,407$4,508$2,670$1,549$268
41 years$11,343$7,051$4,227$2,463$1,406$230
42 years$10,949$6,715$3,965$2,273$1,276$198
43 years$10,575$6,398$3,721$2,099$1,158$170
44 years$10,218$6,099$3,493$1,938$1,051$147
45 years$9,878$5,816$3,279$1,790$954$126
46 years$9,554$5,548$3,080$1,653$866$109
47 years$9,245$5,294$2,894$1,527$786$93
48 years$8,950$5,054$2,719$1,411$714$80
49 years$8,667$4,826$2,556$1,304$649$69
50 years$8,397$4,610$2,403$1,205$589$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,600,000, adding $3,392 every year, while hoping to spend $38,556 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: 45/39/16 Blend
53$8,600,000$8,600,000$8,600,000$8,600,000
54$9,480,699$9,024,899$8,891,599$9,863,723
55$10,406,707$9,426,096$9,148,444$10,532,669
56$11,425,875$9,845,659$9,412,601$11,253,495
57$12,547,666$10,284,448$9,684,275$12,034,321
58$13,782,505$10,743,362$9,963,675$12,880,723
59$15,141,879$11,223,345$10,251,017$13,798,817
60$16,638,446$11,725,385$10,546,521$14,795,321
61$18,286,154$12,250,515$10,850,416$15,877,614
62$20,100,371$12,799,820$11,162,935$17,053,798
63$22,098,034$13,374,436$11,484,318$18,332,777
64$24,297,801$13,975,551$11,814,810$19,724,331
65$26,720,237$14,604,413$12,154,667$21,239,209
66$29,387,999$15,262,327$12,504,146$22,889,226
67$32,326,055$15,950,662$12,863,515$24,687,365
68$35,561,918$16,670,849$13,233,048$26,647,904
69$39,125,905$17,424,393$13,613,026$28,786,536
70$43,051,424$18,212,864$14,003,739$31,120,521
71$47,375,288$19,037,914$14,405,484$33,668,839
72$52,138,064$19,901,268$14,818,564$36,452,362
73$57,384,454$20,804,737$15,243,293$39,494,052
74$63,163,717$21,750,218$15,679,992$42,819,166
75$69,530,135$22,739,698$16,128,991$46,455,489
76$76,543,525$23,775,259$16,590,628$50,433,594
77$84,269,803$24,859,085$17,065,252$54,787,117
78$92,781,604$25,993,461$17,553,219$59,553,074
79$102,158,971$27,180,785$18,054,896$64,772,199
80$112,490,110$28,423,567$18,570,659$70,489,324
81$123,872,220$29,724,440$19,100,894$76,753,789
82$136,412,410$31,086,161$19,645,998$83,619,905
83$150,228,714$32,511,621$20,206,377$91,147,455
84$165,451,201$34,003,850$20,782,449$99,402,248
85$182,223,206$35,566,020$21,374,644$108,456,733
86$200,702,679$37,201,461$21,983,400$118,390,674
87$221,063,678$38,913,659$22,609,170$129,291,885
88$243,498,013$40,706,268$23,252,417$141,257,059
89$268,217,054$42,583,118$23,913,616$154,392,659
90$295,453,728$44,548,226$24,593,257$168,815,917
91$325,464,716$46,605,797$25,291,839$184,655,926
92$358,532,879$48,760,242$26,009,877$202,054,845
93$394,969,923$51,016,185$26,747,898$221,169,229
94$435,119,346$53,378,469$27,506,444$242,171,491
95$479,359,679$55,852,173$28,286,070$265,251,513
96$528,108,058$58,442,622$29,087,345$290,618,426
97$581,824,163$61,155,393$29,910,854$318,502,564
98$641,014,557$63,996,337$30,757,197$349,157,625
99$706,237,467$66,971,582$31,626,988$382,863,042
100$778,108,056$70,087,557$32,520,860$419,926,610