Can I retire at age 54 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$734,954$728,407$722,020$715,786$709,698$703,165
2 years$363,838$357,062$350,495$344,128$337,952$331,369
3 years$240,150$233,344$226,794$220,486$214,410$207,983
4 years$178,317$171,533$165,048$158,848$152,919$146,696
5 years$141,228$134,484$128,084$122,010$116,247$110,246
6 years$116,509$109,816$103,511$97,573$91,982$86,212
7 years$98,860$92,223$86,018$80,220$74,806$69,268
8 years$85,629$79,052$72,950$67,294$62,059$56,754
9 years$75,344$68,829$62,832$57,320$52,263$47,188
10 years$67,121$60,670$54,778$49,410$44,530$39,684
11 years$60,397$54,011$48,226$43,002$38,298$33,675
12 years$54,798$48,477$42,799$37,718$33,188$28,785
13 years$50,064$43,809$38,238$33,300$28,940$24,752
14 years$46,010$39,821$34,357$29,560$25,369$21,389
15 years$42,499$36,377$31,020$26,362$22,337$18,560
16 years$39,430$33,376$28,124$23,604$19,741$16,162
17 years$36,726$30,738$25,592$21,208$17,504$14,115
18 years$34,324$28,403$23,362$19,113$15,564$12,359
19 years$32,178$26,324$21,387$17,270$13,872$10,846
20 years$30,248$24,461$19,628$15,642$12,391$9,535
21 years$28,505$22,785$18,054$14,196$11,089$8,397
22 years$26,922$21,269$16,639$12,907$9,939$7,405
23 years$25,479$19,892$15,363$11,755$8,922$6,539
24 years$24,159$18,638$14,209$10,721$8,019$5,780
25 years$22,946$17,490$13,160$9,791$7,216$5,114
26 years$21,828$16,438$12,205$8,952$6,500$4,528
27 years$20,794$15,470$11,334$8,194$5,860$4,013
28 years$19,836$14,578$10,536$7,508$5,288$3,559
29 years$18,946$13,752$9,805$6,885$4,775$3,157
30 years$18,117$12,988$9,133$6,319$4,314$2,803
31 years$17,342$12,278$8,514$5,803$3,901$2,489
32 years$16,618$11,617$7,944$5,333$3,528$2,212
33 years$15,939$11,002$7,417$4,904$3,193$1,966
34 years$15,301$10,427$6,930$4,512$2,891$1,748
35 years$14,701$9,890$6,479$4,154$2,619$1,554
36 years$14,135$9,387$6,061$3,826$2,373$1,382
37 years$13,602$8,915$5,673$3,525$2,150$1,230
38 years$13,097$8,473$5,313$3,249$1,949$1,094
39 years$12,620$8,057$4,977$2,996$1,768$974
40 years$12,168$7,665$4,665$2,763$1,604$867
41 years$11,739$7,297$4,375$2,549$1,455$772
42 years$11,331$6,949$4,104$2,353$1,320$687
43 years$10,943$6,621$3,851$2,172$1,198$612
44 years$10,574$6,311$3,614$2,005$1,087$545
45 years$10,223$6,018$3,394$1,852$987$486
46 years$9,888$5,741$3,188$1,711$896$432
47 years$9,568$5,479$2,995$1,580$814$385
48 years$9,262$5,230$2,814$1,460$739$343
49 years$8,969$4,995$2,645$1,350$671$306
50 years$8,690$4,771$2,487$1,248$610$272

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,900,000, adding $3,446 every year, while hoping to spend $25,005 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: 61/22/17 Blend
53$8,900,000$8,900,000$8,900,000$8,900,000
54$9,811,355$9,339,655$9,201,705$10,367,208
55$10,785,508$9,770,692$9,483,357$11,173,386
56$11,858,186$10,222,013$9,773,606$12,049,679
57$13,039,414$10,694,584$10,072,714$13,005,404
58$14,340,234$11,189,420$10,380,951$14,048,266
59$15,772,819$11,707,582$10,698,593$15,186,740
60$17,350,579$12,250,186$11,025,928$16,430,149
61$19,088,291$12,818,398$11,363,250$17,788,749
62$21,002,241$13,413,444$11,710,863$19,273,823
63$23,110,372$14,036,605$12,069,080$20,897,783
64$25,432,459$14,689,228$12,438,223$22,674,289
65$27,990,291$15,372,721$12,818,624$24,618,373
66$30,807,878$16,088,562$13,210,626$26,746,576
67$33,911,681$16,838,301$13,614,581$29,077,105
68$37,330,856$17,623,561$14,030,853$31,629,997
69$41,097,532$18,446,044$14,459,816$34,427,311
70$45,247,116$19,307,536$14,901,855$37,493,325
71$49,818,623$20,209,906$15,357,368$40,854,768
72$54,855,047$21,155,115$15,826,764$44,541,067
73$60,403,766$22,145,221$16,310,465$48,584,620
74$66,516,990$23,182,376$16,808,905$53,021,094
75$73,252,252$24,268,842$17,322,533$57,889,767
76$80,672,952$25,406,986$17,851,808$63,233,885
77$88,848,957$26,599,291$18,397,207$69,101,070
78$97,857,255$27,848,362$18,959,219$75,543,762
79$107,782,691$29,156,927$19,538,348$82,619,713
80$118,718,756$30,527,847$20,135,113$90,392,523
81$130,768,480$31,964,122$20,750,051$98,932,237
82$144,045,399$33,468,899$21,383,711$108,315,999
83$158,674,628$35,045,472$22,036,664$118,628,773
84$174,794,040$36,697,301$22,709,492$129,964,144
85$192,555,573$38,428,010$23,402,801$142,425,187
86$212,126,657$40,241,398$24,117,211$156,125,441
87$233,691,800$42,141,450$24,853,361$171,189,965
88$257,454,326$44,132,344$25,611,911$187,756,521
89$283,638,298$46,218,459$26,393,541$205,976,856
90$312,490,630$48,404,389$27,198,950$226,018,135
91$344,283,417$50,694,947$28,028,858$248,064,504
92$379,316,510$53,095,184$28,884,009$272,318,823
93$417,920,338$55,610,392$29,765,167$299,004,570
94$460,459,033$58,246,121$30,673,120$328,367,943
95$507,333,865$61,008,193$31,608,681$360,680,168
96$558,987,033$63,902,708$32,572,685$396,240,055
97$615,905,835$66,936,065$33,565,995$435,376,806
98$678,627,272$70,114,974$34,589,498$478,453,105
99$747,743,115$73,446,469$35,644,107$525,868,540
100$823,905,494$76,937,927$36,730,766$578,063,351