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

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$718,438$712,038$705,795$699,701$693,750$668,073
2 years$355,662$349,038$342,619$336,395$330,357$304,778
3 years$234,753$228,100$221,697$215,531$209,592$184,915
4 years$174,310$167,678$161,339$155,278$149,483$125,896
5 years$138,054$131,462$125,205$119,269$113,635$91,200
6 years$113,891$107,348$101,185$95,380$89,915$68,648
7 years$96,638$90,151$84,085$78,417$73,125$53,020
8 years$83,705$77,276$71,311$65,782$60,664$41,703
9 years$73,651$67,283$61,420$56,032$51,088$33,245
10 years$65,612$59,306$53,547$48,300$43,530$26,772
11 years$59,040$52,797$47,142$42,035$37,437$21,730
12 years$53,566$47,388$41,837$36,871$32,442$17,745
13 years$48,939$42,825$37,379$32,551$28,290$14,562
14 years$44,976$38,926$33,585$28,895$24,799$11,997
15 years$41,544$35,560$30,323$25,770$21,835$9,916
16 years$38,544$32,626$27,492$23,074$19,298$8,216
17 years$35,900$30,047$25,017$20,732$17,111$6,822
18 years$33,553$27,765$22,837$18,683$15,214$5,675
19 years$31,454$25,732$20,906$16,882$13,561$4,727
20 years$29,569$23,911$19,187$15,290$12,113$3,942
21 years$27,864$22,273$17,648$13,877$10,839$3,291
22 years$26,317$20,791$16,265$12,617$9,716$2,750
23 years$24,907$19,445$15,018$11,491$8,722$2,299
24 years$23,616$18,219$13,889$10,480$7,839$1,923
25 years$22,430$17,097$12,864$9,571$7,054$1,609
26 years$21,337$16,069$11,931$8,751$6,354$1,347
27 years$20,327$15,123$11,079$8,010$5,729$1,128
28 years$19,390$14,250$10,299$7,339$5,169$945
29 years$18,520$13,443$9,584$6,730$4,668$792
30 years$17,709$12,696$8,928$6,177$4,217$664
31 years$16,953$12,002$8,323$5,673$3,813$556
32 years$16,244$11,356$7,765$5,213$3,449$467
33 years$15,580$10,754$7,251$4,794$3,121$391
34 years$14,957$10,193$6,775$4,411$2,826$328
35 years$14,370$9,668$6,334$4,061$2,560$275
36 years$13,818$9,176$5,925$3,740$2,319$231
37 years$13,296$8,715$5,546$3,446$2,102$193
38 years$12,803$8,282$5,193$3,176$1,906$162
39 years$12,336$7,876$4,866$2,928$1,728$136
40 years$11,894$7,493$4,561$2,701$1,567$114
41 years$11,475$7,133$4,276$2,492$1,422$96
42 years$11,076$6,793$4,011$2,300$1,290$80
43 years$10,697$6,472$3,764$2,123$1,171$67
44 years$10,337$6,169$3,533$1,960$1,063$57
45 years$9,993$5,883$3,318$1,810$965$47
46 years$9,665$5,612$3,116$1,672$876$40
47 years$9,353$5,356$2,927$1,545$796$33
48 years$9,054$5,113$2,751$1,428$723$28
49 years$8,768$4,883$2,586$1,319$656$23
50 years$8,494$4,664$2,431$1,219$596$20

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 $5,474 every year, while hoping to spend $24,448 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: 67/22/11 Blend
53$8,700,000$8,700,000$8,700,000$8,700,000
54$9,593,046$9,131,946$8,997,096$10,212,768
55$10,545,525$9,553,399$9,272,487$11,047,213
56$11,594,336$9,994,684$9,556,283$11,955,763
57$12,749,282$10,456,746$9,848,742$12,948,458
58$14,021,159$10,940,578$10,150,125$14,033,530
59$15,421,869$11,447,218$10,460,706$15,220,036
60$16,964,524$11,977,756$10,780,764$16,517,940
61$18,663,573$12,533,334$11,110,587$17,938,207
62$20,534,938$13,115,147$11,450,472$19,492,903
63$22,596,164$13,724,452$11,800,725$21,195,307
64$24,866,585$14,362,562$12,161,662$23,060,032
65$27,367,505$15,030,857$12,533,606$25,103,165
66$30,122,403$15,730,780$12,916,894$27,342,411
67$33,157,147$16,463,847$13,311,869$29,797,259
68$36,500,246$17,231,646$13,718,887$32,489,166
69$40,183,115$18,035,841$14,138,313$35,441,752
70$44,240,372$18,878,176$14,570,526$38,681,022
71$48,710,164$19,760,481$15,015,913$42,235,608
72$53,634,529$20,684,673$15,474,874$46,137,037
73$59,059,791$21,652,762$15,947,823$50,420,023
74$65,036,998$22,666,855$16,435,183$55,122,791
75$71,622,403$23,729,162$16,937,393$60,287,434
76$78,877,995$24,841,999$17,454,903$65,960,307
77$86,872,087$26,007,793$17,988,178$72,192,462
78$95,679,954$27,229,089$18,537,697$79,040,120
79$105,384,552$28,508,557$19,103,952$86,565,202
80$116,077,294$29,848,994$19,687,452$94,835,905
81$127,858,916$31,253,333$20,288,720$103,927,344
82$140,840,429$32,724,650$20,908,295$113,922,253
83$155,144,163$34,266,168$21,546,734$124,911,761
84$170,904,925$35,881,268$22,204,607$136,996,247
85$188,271,271$37,573,493$22,882,504$150,286,280
86$207,406,906$39,346,560$23,581,034$164,903,658
87$228,492,233$41,204,364$24,300,821$180,982,548
88$251,726,053$43,150,990$25,042,511$198,670,751
89$277,327,442$45,190,720$25,806,767$218,131,083
90$305,537,821$47,328,045$26,594,273$239,542,909
91$336,623,232$49,567,673$27,405,735$263,103,824
92$370,876,853$51,914,540$28,241,878$289,031,517
93$408,621,762$54,373,822$29,103,450$317,565,808
94$450,213,988$56,950,946$29,991,223$348,970,908
95$496,045,876$59,651,603$30,905,989$383,537,904
96$546,549,782$62,481,759$31,848,567$421,587,493
97$602,202,165$65,447,670$32,819,799$463,473,003
98$663,528,076$68,555,896$33,820,553$509,583,713
99$731,106,121$71,813,316$34,851,723$560,348,520
100$805,573,920$75,227,143$35,914,229$616,239,974