Can I retire at age 54 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$668,890$662,932$657,119$651,446$645,905$633,902
2 years$331,134$324,967$318,990$313,195$307,574$295,525
3 years$218,563$212,369$206,408$200,667$195,138$183,419
4 years$162,289$156,114$150,212$144,569$139,174$127,876
5 years$128,533$122,395$116,571$111,043$105,798$94,953
6 years$106,036$99,945$94,206$88,802$83,714$73,335
7 years$89,974$83,934$78,286$73,009$68,082$58,170
8 years$77,932$71,947$66,393$61,245$56,481$47,034
9 years$68,572$62,642$57,184$52,168$47,565$38,578
10 years$61,087$55,216$49,854$44,969$40,528$31,992
11 years$54,968$49,156$43,891$39,136$34,855$26,761
12 years$49,872$44,120$38,952$34,328$30,205$22,541
13 years$45,564$39,871$34,801$30,306$26,339$19,094
14 years$41,874$36,242$31,269$26,903$23,089$16,248
15 years$38,679$33,108$28,232$23,992$20,329$13,880
16 years$35,886$30,376$25,596$21,483$17,967$11,895
17 years$33,424$27,975$23,291$19,302$15,931$10,221
18 years$31,239$25,850$21,262$17,395$14,165$8,803
19 years$29,285$23,957$19,464$15,718$12,625$7,596
20 years$27,529$22,262$17,863$14,236$11,277$6,565
21 years$25,943$20,737$16,431$12,920$10,092$5,682
22 years$24,502$19,357$15,144$11,747$9,046$4,924
23 years$23,189$18,104$13,983$10,698$8,120$4,272
24 years$21,987$16,962$12,931$9,757$7,299$3,709
25 years$20,883$15,918$11,977$8,911$6,568$3,223
26 years$19,866$14,961$11,108$8,148$5,916$2,802
27 years$18,925$14,080$10,315$7,458$5,334$2,438
28 years$18,053$13,267$9,589$6,833$4,813$2,122
29 years$17,243$12,516$8,923$6,266$4,346$1,848
30 years$16,488$11,820$8,312$5,751$3,927$1,610
31 years$15,783$11,174$7,749$5,281$3,550$1,403
32 years$15,124$10,573$7,230$4,854$3,211$1,223
33 years$14,506$10,013$6,751$4,463$2,906$1,066
34 years$13,925$9,490$6,307$4,107$2,631$930
35 years$13,379$9,001$5,897$3,781$2,383$811
36 years$12,865$8,543$5,516$3,482$2,159$707
37 years$12,379$8,114$5,163$3,208$1,957$617
38 years$11,920$7,711$4,835$2,957$1,774$539
39 years$11,486$7,333$4,530$2,726$1,609$470
40 years$11,074$6,976$4,246$2,515$1,459$410
41 years$10,683$6,641$3,981$2,320$1,324$358
42 years$10,312$6,325$3,735$2,141$1,201$313
43 years$9,960$6,026$3,504$1,977$1,090$273
44 years$9,624$5,744$3,290$1,825$990$238
45 years$9,304$5,477$3,089$1,685$898$208
46 years$8,999$5,225$2,901$1,557$816$182
47 years$8,708$4,987$2,726$1,438$741$159
48 years$8,429$4,760$2,561$1,329$673$138
49 years$8,163$4,546$2,407$1,228$611$121
50 years$7,908$4,342$2,263$1,135$555$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,100,000, adding $3,685 every year, while hoping to spend $35,292 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: 70/10/20 Blend
53$8,100,000$8,100,000$8,100,000$8,100,000
54$8,930,001$8,500,701$8,375,151$9,511,155
55$9,803,311$8,879,685$8,618,168$10,278,245
56$10,764,515$9,276,056$8,868,144$11,113,065
57$11,822,542$9,690,630$9,125,273$12,025,966
58$12,987,230$10,124,259$9,389,758$13,024,667
59$14,269,417$10,577,837$9,661,805$14,117,667
60$15,681,049$11,052,302$9,941,626$15,314,321
61$17,235,285$11,548,635$10,229,440$16,624,930
62$18,946,629$12,067,863$10,525,471$18,060,836
63$20,831,061$12,611,063$10,829,950$19,634,526
64$22,906,188$13,179,365$11,143,112$21,359,750
65$25,191,415$13,773,949$11,465,202$23,251,652
66$27,708,122$14,396,055$11,796,469$25,326,906
67$30,479,869$15,046,981$12,137,170$27,603,875
68$33,532,619$15,728,086$12,487,568$30,102,783
69$36,894,979$16,440,795$12,847,934$32,845,905
70$40,598,473$17,186,600$13,218,546$35,857,773
71$44,677,840$17,967,067$13,599,691$39,165,407
72$49,171,360$18,783,833$13,991,661$42,798,568
73$54,121,215$19,638,617$14,394,758$46,790,040
74$59,573,889$20,533,219$14,809,291$51,175,931
75$65,580,602$21,469,523$15,235,579$55,996,019
76$72,197,801$22,449,507$15,673,949$61,294,120
77$79,487,685$23,475,242$16,124,735$67,118,502
78$87,518,798$24,548,897$16,588,282$73,522,338
79$96,366,670$25,672,748$17,064,944$80,564,205
80$106,114,535$26,849,177$17,555,084$88,308,634
81$116,854,114$28,080,683$18,059,076$96,826,719
82$128,686,480$29,369,884$18,577,302$106,196,781
83$141,723,016$30,719,523$19,110,156$116,505,109
84$156,086,459$32,132,475$19,658,042$127,846,770
85$171,912,066$33,611,754$20,221,374$140,326,501
86$189,348,885$35,160,519$20,800,579$154,059,700
87$208,561,167$36,782,079$21,396,094$169,173,505
88$229,729,910$38,479,905$22,008,367$185,807,997
89$253,054,573$40,257,633$22,637,860$204,117,515
90$278,754,957$42,119,074$23,285,045$224,272,111
91$307,073,277$44,068,224$23,950,409$246,459,151
92$338,276,454$46,109,269$24,634,450$270,885,078
93$372,658,628$48,246,599$25,337,680$297,777,360
94$410,543,940$50,484,815$26,060,624$327,386,630
95$452,289,589$52,828,738$26,803,822$359,989,050
96$498,289,205$55,283,424$27,567,828$395,888,909
97$548,976,563$57,854,170$28,353,209$435,421,497
98$604,829,680$60,546,532$29,160,549$478,956,259
99$666,375,326$63,366,331$29,990,447$526,900,280
100$734,193,999$66,319,671$30,843,516$579,702,122