Can I retire at age 54 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$726,696$720,223$713,907$707,743$701,724$696,718
2 years$359,750$353,050$346,557$340,261$334,154$329,106
3 years$237,451$230,722$224,245$218,009$212,001$207,068
4 years$176,314$169,605$163,193$157,063$151,201$146,420
5 years$139,641$132,973$126,645$120,639$114,941$110,326
6 years$115,200$108,582$102,348$96,476$90,949$86,506
7 years$97,749$91,187$85,051$79,318$73,966$69,698
8 years$84,667$78,164$72,130$66,538$61,362$57,268
9 years$74,498$68,056$62,126$56,676$51,675$47,756
10 years$66,367$59,988$54,163$48,855$44,030$40,282
11 years$59,718$53,404$47,684$42,519$37,867$34,288
12 years$54,182$47,932$42,318$37,295$32,815$29,401
13 years$49,501$43,317$37,809$32,925$28,615$25,363
14 years$45,493$39,374$33,971$29,228$25,084$21,990
15 years$42,022$35,969$30,671$26,066$22,086$19,145
16 years$38,987$33,001$27,808$23,339$19,520$16,729
17 years$36,313$30,392$25,304$20,970$17,307$14,661
18 years$33,938$28,084$23,100$18,898$15,389$12,883
19 years$31,816$26,028$21,147$17,076$13,717$11,346
20 years$29,908$24,186$19,407$15,466$12,252$10,011
21 years$28,185$22,529$17,851$14,036$10,964$8,849
22 years$26,620$21,030$16,452$12,762$9,828$7,833
23 years$25,193$19,669$15,191$11,623$8,822$6,943
24 years$23,887$18,428$14,049$10,601$7,929$6,160
25 years$22,688$17,294$13,012$9,681$7,135$5,472
26 years$21,582$16,254$12,068$8,852$6,427$4,864
27 years$20,560$15,296$11,206$8,102$5,795$4,328
28 years$19,613$14,414$10,418$7,423$5,229$3,853
29 years$18,733$13,598$9,695$6,807$4,721$3,433
30 years$17,913$12,842$9,030$6,248$4,266$3,059
31 years$17,147$12,140$8,419$5,738$3,857$2,728
32 years$16,431$11,487$7,855$5,273$3,489$2,434
33 years$15,760$10,878$7,334$4,849$3,157$2,172
34 years$15,129$10,310$6,852$4,462$2,859$1,939
35 years$14,536$9,779$6,407$4,107$2,589$1,732
36 years$13,976$9,281$5,993$3,783$2,346$1,547
37 years$13,449$8,815$5,609$3,485$2,126$1,382
38 years$12,950$8,378$5,253$3,212$1,928$1,235
39 years$12,478$7,966$4,922$2,962$1,748$1,104
40 years$12,031$7,579$4,613$2,732$1,585$987
41 years$11,607$7,215$4,325$2,521$1,438$883
42 years$11,204$6,871$4,057$2,326$1,305$789
43 years$10,820$6,547$3,807$2,147$1,185$706
44 years$10,456$6,240$3,574$1,983$1,075$631
45 years$10,108$5,951$3,356$1,831$976$565
46 years$9,777$5,677$3,152$1,691$886$505
47 years$9,460$5,417$2,961$1,563$805$452
48 years$9,158$5,172$2,783$1,444$731$404
49 years$8,869$4,939$2,615$1,335$664$362
50 years$8,592$4,718$2,459$1,233$603$324

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,800,000, adding $4,417 every year, while hoping to spend $56,936 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: 58/27/15 Blend
53$8,800,000$8,800,000$8,800,000$8,800,000
54$9,702,156$9,235,756$9,099,356$10,227,348
55$10,631,197$9,627,729$9,343,605$10,975,079
56$11,653,091$10,037,000$9,594,128$11,783,136
57$12,777,250$10,464,357$9,851,075$12,662,680
58$14,014,043$10,910,624$10,114,600$13,620,595
59$15,374,895$11,376,663$10,384,858$14,664,452
60$16,872,393$11,863,379$10,662,010$15,802,578
61$18,520,408$12,371,715$10,946,218$17,044,131
62$20,334,221$12,902,661$11,237,648$18,399,185
63$22,330,673$13,457,253$11,536,471$19,878,822
64$24,528,317$14,036,574$11,842,858$21,495,237
65$26,947,598$14,641,758$12,156,986$23,261,844
66$29,611,044$15,273,995$12,479,036$25,193,408
67$32,543,477$15,934,528$12,809,190$27,306,174
68$35,772,250$16,624,658$13,147,636$29,618,024
69$39,327,502$17,345,748$13,494,564$32,148,637
70$43,242,443$18,099,226$13,850,168$34,919,674
71$47,553,670$18,886,586$14,214,647$37,954,980
72$52,301,508$19,709,392$14,588,201$41,280,804
73$57,530,392$20,569,282$14,971,036$44,926,044
74$63,289,287$21,467,972$15,363,361$48,922,514
75$69,632,150$22,407,259$15,765,389$53,305,243
76$76,618,436$23,389,021$16,177,337$58,112,799
77$84,313,664$24,415,231$16,599,425$63,387,651
78$92,790,029$25,487,949$17,031,877$69,176,564
79$102,127,090$26,609,336$17,474,923$75,531,035
80$112,412,513$27,781,653$17,928,793$82,507,774
81$123,742,907$29,007,271$18,393,724$90,169,237
82$136,224,726$30,288,671$18,869,957$98,584,206
83$149,975,283$31,628,450$19,357,735$107,828,436
84$165,123,848$33,029,331$19,857,306$117,985,363
85$181,812,877$34,494,164$20,368,922$129,146,884
86$200,199,348$36,025,936$20,892,838$141,414,219
87$220,456,248$37,627,773$21,429,315$154,898,861
88$242,774,204$39,302,952$21,978,615$169,723,621
89$267,363,280$41,054,905$22,541,007$186,023,777
90$294,454,966$42,887,226$23,116,761$203,948,347
91$324,304,353$44,803,680$23,706,153$223,661,486
92$357,192,549$46,808,213$24,309,462$245,344,028
93$393,429,329$48,904,956$24,926,969$269,195,184
94$433,356,060$51,098,238$25,558,962$295,434,412
95$477,348,922$53,392,595$26,205,731$324,303,480
96$525,822,457$55,792,778$26,867,568$356,068,740
97$579,233,487$58,303,763$27,544,771$391,023,631
98$638,085,422$60,930,767$28,237,640$429,491,436
99$702,933,013$63,679,253$28,946,479$471,828,324
100$774,387,589$66,554,945$29,671,595$518,426,702