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%19.6%
1 years$710,180$703,854$697,682$691,658$685,776$659,348
2 years$351,574$345,026$338,681$332,528$326,560$300,250
3 years$232,055$225,479$219,149$213,054$207,183$181,818
4 years$172,307$165,751$159,484$153,493$147,765$123,538
5 years$136,467$129,951$123,766$117,898$112,328$89,303
6 years$112,582$106,114$100,022$94,284$88,882$67,072
7 years$95,528$89,115$83,118$77,516$72,285$51,685
8 years$82,743$76,388$70,491$65,026$59,967$40,556
9 years$72,804$66,509$60,714$55,388$50,501$32,251
10 years$64,858$58,625$52,932$47,745$43,029$25,906
11 years$58,361$52,190$46,600$41,552$37,007$20,972
12 years$52,951$46,843$41,357$36,447$32,069$17,081
13 years$48,376$42,332$36,949$32,177$27,965$13,979
14 years$44,459$38,479$33,199$28,563$24,514$11,484
15 years$41,066$35,151$29,974$25,473$21,584$9,465
16 years$38,101$32,251$27,176$22,809$19,076$7,820
17 years$35,488$29,702$24,729$20,493$16,914$6,474
18 years$33,167$27,446$22,575$18,469$15,039$5,369
19 years$31,093$25,436$20,666$16,688$13,405$4,459
20 years$29,229$23,637$18,966$15,114$11,973$3,707
21 years$27,544$22,017$17,445$13,717$10,715$3,085
22 years$26,015$20,552$16,078$12,472$9,604$2,569
23 years$24,621$19,222$14,846$11,359$8,621$2,141
24 years$23,344$18,009$13,730$10,360$7,749$1,786
25 years$22,172$16,901$12,716$9,461$6,973$1,490
26 years$21,092$15,884$11,794$8,651$6,281$1,243
27 years$20,093$14,949$10,952$7,918$5,663$1,038
28 years$19,168$14,086$10,181$7,255$5,110$867
29 years$18,307$13,289$9,474$6,653$4,614$724
30 years$17,506$12,550$8,825$6,106$4,169$605
31 years$16,758$11,864$8,227$5,607$3,769$505
32 years$16,058$11,225$7,676$5,153$3,409$422
33 years$15,401$10,631$7,167$4,739$3,086$353
34 years$14,785$10,076$6,697$4,360$2,794$295
35 years$14,205$9,556$6,261$4,014$2,530$246
36 years$13,659$9,070$5,857$3,697$2,293$206
37 years$13,143$8,615$5,482$3,406$2,078$172
38 years$12,656$8,187$5,134$3,139$1,884$144
39 years$12,195$7,785$4,810$2,895$1,708$120
40 years$11,758$7,407$4,508$2,670$1,549$101
41 years$11,343$7,051$4,227$2,463$1,406$84
42 years$10,949$6,715$3,965$2,273$1,276$70
43 years$10,575$6,398$3,721$2,099$1,158$59
44 years$10,218$6,099$3,493$1,938$1,051$49
45 years$9,878$5,816$3,279$1,790$954$41
46 years$9,554$5,548$3,080$1,653$866$34
47 years$9,245$5,294$2,894$1,527$786$29
48 years$8,950$5,054$2,719$1,411$714$24
49 years$8,667$4,826$2,556$1,304$649$20
50 years$8,397$4,610$2,403$1,205$589$17

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 $3,367 every year, while hoping to spend $51,240 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: 65/7/28 Blend
53$8,600,000$8,600,000$8,600,000$8,600,000
54$9,480,673$9,024,873$8,891,573$10,026,471
55$10,393,183$9,412,573$9,134,922$10,783,579
56$11,397,051$9,817,553$9,384,705$11,604,805
57$12,501,543$10,240,605$9,641,085$12,501,349
58$13,716,865$10,682,560$9,904,227$13,480,629
59$15,054,265$11,144,285$10,174,298$14,550,816
60$16,526,136$11,626,691$10,451,473$15,720,903
61$18,146,133$12,130,730$10,735,928$17,000,793
62$19,929,300$12,657,397$11,027,844$18,401,387
63$21,892,217$13,207,738$11,327,405$19,934,692
64$24,053,151$13,782,845$11,634,800$21,613,927
65$26,432,229$14,383,861$11,950,223$23,453,650
66$29,051,632$15,011,986$12,273,871$25,469,893
67$31,935,798$15,668,473$12,605,945$27,680,314
68$35,111,657$16,354,636$12,946,652$30,104,358
69$38,608,884$17,071,851$13,296,203$32,763,443
70$42,460,177$17,821,558$13,654,813$35,681,160
71$46,701,568$18,605,267$14,022,701$38,883,491
72$51,372,759$19,424,556$14,400,093$42,399,058
73$56,517,502$20,281,081$14,787,218$46,259,389
74$62,184,008$21,176,574$15,184,310$50,499,211
75$68,425,401$22,112,851$15,591,609$55,156,781
76$75,300,223$23,091,812$16,009,359$60,274,243
77$82,872,984$24,115,449$16,437,810$65,898,022
78$91,214,768$25,185,845$16,877,217$72,079,265
79$100,403,909$26,305,187$17,327,839$78,874,319
80$110,526,728$27,475,761$17,789,941$86,345,258
81$121,678,345$28,699,964$18,263,795$94,560,474
82$133,963,581$29,980,307$18,749,677$103,595,313
83$147,497,943$31,319,419$19,247,868$113,532,788
84$162,408,718$32,720,055$19,758,656$124,464,360
85$178,836,170$34,185,101$20,282,334$136,490,798
86$196,934,867$35,717,579$20,819,201$149,723,128
87$216,875,141$37,320,657$21,369,561$164,283,678
88$238,844,689$38,997,653$21,933,725$180,307,232
89$263,050,352$40,752,043$22,512,009$197,942,295
90$289,720,062$42,587,468$23,104,737$217,352,497
91$319,104,999$44,507,744$23,712,235$238,718,134
92$351,481,954$46,516,869$24,334,840$262,237,861
93$387,155,948$48,619,030$24,972,892$288,130,572
94$426,463,109$50,818,617$25,626,738$316,637,458
95$469,773,844$53,120,226$26,296,732$348,024,283
96$517,496,335$55,528,677$26,983,232$382,583,886
97$570,080,397$58,049,017$27,686,605$420,638,944
98$628,021,714$60,686,536$28,407,223$462,545,015
99$691,866,529$63,446,777$29,145,466$508,693,889
100$762,216,793$66,335,547$29,901,717$559,517,281