Can I retire at age 54 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$718,438$712,038$705,795$699,701$693,750$674,518
2 years$355,662$349,038$342,619$336,395$330,357$311,124
3 years$234,753$228,100$221,697$215,531$209,592$190,961
4 years$174,310$167,678$161,339$155,278$149,483$131,597
5 years$138,054$131,462$125,205$119,269$113,635$96,543
6 years$113,891$107,348$101,185$95,380$89,915$73,633
7 years$96,638$90,151$84,085$78,417$73,125$57,654
8 years$83,705$77,276$71,311$65,782$60,664$45,995
9 years$73,651$67,283$61,420$56,032$51,088$37,207
10 years$65,612$59,306$53,547$48,300$43,530$30,419
11 years$59,040$52,797$47,142$42,035$37,437$25,075
12 years$53,566$47,388$41,837$36,871$32,442$20,806
13 years$48,939$42,825$37,379$32,551$28,290$17,355
14 years$44,976$38,926$33,585$28,895$24,799$14,539
15 years$41,544$35,560$30,323$25,770$21,835$12,222
16 years$38,544$32,626$27,492$23,074$19,298$10,304
17 years$35,900$30,047$25,017$20,732$17,111$8,708
18 years$33,553$27,765$22,837$18,683$15,214$7,374
19 years$31,454$25,732$20,906$16,882$13,561$6,255
20 years$29,569$23,911$19,187$15,290$12,113$5,313
21 years$27,864$22,273$17,648$13,877$10,839$4,518
22 years$26,317$20,791$16,265$12,617$9,716$3,846
23 years$24,907$19,445$15,018$11,491$8,722$3,277
24 years$23,616$18,219$13,889$10,480$7,839$2,794
25 years$22,430$17,097$12,864$9,571$7,054$2,384
26 years$21,337$16,069$11,931$8,751$6,354$2,035
27 years$20,327$15,123$11,079$8,010$5,729$1,738
28 years$19,390$14,250$10,299$7,339$5,169$1,484
29 years$18,520$13,443$9,584$6,730$4,668$1,269
30 years$17,709$12,696$8,928$6,177$4,217$1,084
31 years$16,953$12,002$8,323$5,673$3,813$927
32 years$16,244$11,356$7,765$5,213$3,449$793
33 years$15,580$10,754$7,251$4,794$3,121$678
34 years$14,957$10,193$6,775$4,411$2,826$580
35 years$14,370$9,668$6,334$4,061$2,560$496
36 years$13,818$9,176$5,925$3,740$2,319$425
37 years$13,296$8,715$5,546$3,446$2,102$363
38 years$12,803$8,282$5,193$3,176$1,906$311
39 years$12,336$7,876$4,866$2,928$1,728$266
40 years$11,894$7,493$4,561$2,701$1,567$228
41 years$11,475$7,133$4,276$2,492$1,422$195
42 years$11,076$6,793$4,011$2,300$1,290$167
43 years$10,697$6,472$3,764$2,123$1,171$143
44 years$10,337$6,169$3,533$1,960$1,063$122
45 years$9,993$5,883$3,318$1,810$965$105
46 years$9,665$5,612$3,116$1,672$876$90
47 years$9,353$5,356$2,927$1,545$796$77
48 years$9,054$5,113$2,751$1,428$723$66
49 years$8,768$4,883$2,586$1,319$656$56
50 years$8,494$4,664$2,431$1,219$596$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,700,000, adding $6,929 every year, while hoping to spend $51,269 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: 41/43/16 Blend
53$8,700,000$8,700,000$8,700,000$8,700,000
54$9,594,547$9,133,447$8,998,597$9,942,353
55$10,518,641$9,526,436$9,245,500$10,582,181
56$11,535,275$9,936,964$9,498,957$11,268,722
57$12,653,832$10,365,834$9,759,131$12,010,702
58$13,884,654$10,813,891$10,026,193$12,813,204
59$15,239,134$11,282,017$10,300,316$13,681,800
60$16,729,826$11,771,136$10,581,676$14,622,610
61$18,370,561$12,282,215$10,870,456$15,642,349
62$20,176,582$12,816,267$11,166,840$16,748,391
63$22,164,682$13,374,353$11,471,018$17,948,835
64$24,353,366$13,957,583$11,783,183$19,252,574
65$26,763,025$14,567,120$12,103,535$20,669,378
66$29,416,125$15,204,180$12,432,275$22,209,981
67$32,337,425$15,870,040$12,769,611$23,886,179
68$35,554,204$16,566,034$13,115,755$25,710,934
69$39,096,523$17,293,560$13,470,923$27,698,496
70$42,997,506$18,054,082$13,835,337$29,864,527
71$47,293,653$18,849,133$14,209,222$32,226,249
72$52,025,185$19,680,320$14,592,810$34,802,595
73$57,236,421$20,549,323$14,986,337$37,614,390
74$62,976,201$21,457,905$15,390,044$40,684,533
75$69,298,341$22,407,910$15,804,178$44,038,214
76$76,262,144$23,401,269$16,228,990$47,703,139
77$83,932,959$24,440,008$16,664,738$51,709,791
78$92,382,797$25,526,245$17,111,683$56,091,705
79$101,691,013$26,662,201$17,570,095$60,885,780
80$111,945,049$27,850,202$18,040,246$66,132,622
81$123,241,266$29,092,684$18,522,416$71,876,911
82$135,685,848$30,392,199$19,016,890$78,167,823
83$149,395,808$31,751,420$19,523,959$85,059,481
84$164,500,090$33,173,148$20,043,921$92,611,457
85$181,140,783$34,660,317$20,577,077$100,889,323
86$199,474,471$36,216,000$21,123,736$109,965,265
87$219,673,701$37,843,418$21,684,215$119,918,748
88$241,928,616$39,545,943$22,258,834$130,837,257
89$266,448,751$41,327,110$22,847,921$142,817,113
90$293,465,007$43,190,622$23,451,810$155,964,368
91$323,231,834$45,140,359$24,070,842$170,395,794
92$356,029,629$47,180,384$24,705,363$186,239,970
93$392,167,385$49,314,958$25,355,727$203,638,487
94$431,985,609$51,548,541$26,022,295$222,747,264
95$475,859,532$53,885,811$26,705,432$243,738,009
96$524,202,654$56,331,665$27,405,514$266,799,821
97$577,470,646$58,891,238$28,122,920$292,140,961
98$636,165,652$61,569,909$28,858,038$319,990,797
99$700,841,028$64,373,314$29,611,262$350,601,955
100$772,106,567$67,307,360$30,382,993$384,252,683