Can I retire at age 54 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$677,148$671,117$665,232$659,488$653,880$637,813
2 years$335,222$328,979$322,928$317,062$311,371$295,284
3 years$221,261$214,991$208,956$203,144$197,547$181,941
4 years$164,292$158,041$152,066$146,354$140,892$125,888
5 years$130,120$123,906$118,010$112,414$107,104$92,744
6 years$107,345$101,179$95,369$89,898$84,748$71,046
7 years$91,085$84,970$79,252$73,910$68,922$55,881
8 years$78,894$72,835$67,212$62,002$57,178$44,790
9 years$69,418$63,416$57,890$52,812$48,152$36,408
10 years$61,842$55,898$50,470$45,524$41,028$29,914
11 years$55,647$49,763$44,433$39,620$35,285$24,786
12 years$50,488$44,664$39,433$34,752$30,578$20,675
13 years$46,126$40,363$35,231$30,681$26,664$17,338
14 years$42,391$36,689$31,655$27,235$23,374$14,605
15 years$39,156$33,516$28,580$24,289$20,580$12,346
16 years$36,329$30,751$25,912$21,748$18,189$10,469
17 years$33,837$28,320$23,579$19,540$16,127$8,899
18 years$31,624$26,169$21,525$17,610$14,340$7,580
19 years$29,647$24,253$19,705$15,912$12,781$6,468
20 years$27,869$22,537$18,084$14,411$11,416$5,528
21 years$26,263$20,993$16,634$13,079$10,216$4,730
22 years$24,805$19,596$15,331$11,892$9,158$4,052
23 years$23,475$18,328$14,155$10,830$8,220$3,474
24 years$22,259$17,172$13,091$9,878$7,389$2,981
25 years$21,141$16,115$12,125$9,021$6,649$2,559
26 years$20,111$15,145$11,245$8,248$5,989$2,199
27 years$19,159$14,254$10,442$7,550$5,400$1,890
28 years$18,276$13,431$9,707$6,917$4,872$1,625
29 years$17,456$12,671$9,034$6,343$4,399$1,398
30 years$16,692$11,966$8,414$5,822$3,975$1,203
31 years$15,978$11,312$7,845$5,347$3,594$1,035
32 years$15,311$10,703$7,319$4,914$3,251$891
33 years$14,685$10,136$6,834$4,519$2,942$767
34 years$14,097$9,607$6,385$4,157$2,664$661
35 years$13,544$9,112$5,970$3,827$2,413$569
36 years$13,023$8,649$5,585$3,525$2,186$490
37 years$12,532$8,214$5,227$3,248$1,981$422
38 years$12,067$7,806$4,895$2,993$1,796$364
39 years$11,627$7,423$4,586$2,760$1,629$314
40 years$11,211$7,062$4,298$2,546$1,477$270
41 years$10,815$6,723$4,031$2,349$1,340$233
42 years$10,440$6,403$3,781$2,168$1,216$201
43 years$10,083$6,100$3,548$2,001$1,104$173
44 years$9,743$5,815$3,330$1,848$1,002$149
45 years$9,419$5,545$3,127$1,706$910$128
46 years$9,110$5,290$2,937$1,576$826$111
47 years$8,815$5,048$2,759$1,456$750$95
48 years$8,533$4,819$2,593$1,346$681$82
49 years$8,264$4,602$2,437$1,244$619$71
50 years$8,006$4,396$2,291$1,149$562$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,200,000, adding $5,533 every year, while hoping to spend $51,174 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: 87/8/5 Blend
53$8,200,000$8,200,000$8,200,000$8,200,000
54$9,042,107$8,607,507$8,480,407$9,829,059
55$9,909,953$8,974,826$8,710,052$10,709,465
56$10,864,605$9,358,429$8,945,675$11,669,257
57$11,914,862$9,759,059$9,187,422$12,722,460
58$13,070,419$10,177,495$9,435,443$13,878,443
59$14,341,962$10,614,552$9,689,890$15,147,526
60$15,741,260$11,071,083$9,950,919$16,541,073
61$17,281,284$11,547,981$10,218,690$18,071,602
62$18,976,324$12,046,182$10,493,366$19,752,903
63$20,842,127$12,566,663$10,775,112$21,600,162
64$22,896,045$13,110,449$11,064,098$23,630,110
65$25,157,194$13,678,614$11,360,498$25,861,175
66$27,646,642$14,272,280$11,664,489$28,313,658
67$30,387,601$14,892,624$11,976,251$31,009,922
68$33,405,649$15,540,875$12,295,968$33,974,603
69$36,728,971$16,218,324$12,623,829$37,234,841
70$40,388,625$16,926,321$12,960,026$40,820,536
71$44,418,832$17,666,278$13,304,755$44,764,625
72$48,857,304$18,439,676$13,658,214$49,103,399
73$53,745,593$19,248,065$14,020,609$53,876,839
74$59,129,491$20,093,067$14,392,146$59,128,991
75$65,059,454$20,976,382$14,773,038$64,908,387
76$71,591,084$21,899,791$15,163,501$71,268,492
77$78,785,651$22,865,157$15,563,755$78,268,218
78$86,710,671$23,874,433$15,974,024$85,972,471
79$95,440,542$24,929,663$16,394,537$94,452,763
80$105,057,250$26,032,989$16,825,526$103,787,888
81$115,651,138$27,186,654$17,267,229$114,064,664
82$127,321,760$28,393,007$17,719,888$125,378,748
83$140,178,824$29,654,508$18,183,749$137,835,538
84$154,343,221$30,973,736$18,659,062$151,551,169
85$169,948,171$32,353,390$19,146,081$166,653,603
86$187,140,477$33,796,299$19,645,067$183,283,839
87$206,081,911$35,305,424$20,156,283$201,597,236
88$226,950,745$36,883,869$20,679,998$221,764,985
89$249,943,428$38,534,884$21,216,484$243,975,715
90$275,276,440$40,261,877$21,766,019$268,437,278
91$303,188,342$42,068,413$22,328,885$295,378,705
92$333,942,019$43,958,232$22,905,369$325,052,363
93$367,827,168$45,935,248$23,495,762$357,736,340
94$405,163,029$48,003,565$24,100,360$393,737,064
95$446,301,398$50,167,480$24,719,462$433,392,195
96$491,629,951$52,431,497$25,353,374$477,073,805
97$541,575,899$54,800,333$26,002,405$525,191,891
98$596,610,024$57,278,933$26,666,870$578,198,244
99$657,251,122$59,872,476$27,347,085$636,590,704
100$724,070,898$62,586,389$28,043,374$700,917,862