Can I retire at age 54 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$685,406$679,301$673,344$667,531$661,854$659,065
2 years$339,310$332,991$326,866$320,928$315,168$312,353
3 years$223,960$217,613$211,504$205,622$199,956$197,201
4 years$166,296$159,969$153,921$148,139$142,610$139,937
5 years$131,707$125,417$119,449$113,785$108,410$105,826
6 years$108,655$102,413$96,532$90,995$85,781$83,290
7 years$92,195$86,006$80,219$74,812$69,763$67,366
8 years$79,857$73,723$68,032$62,758$57,875$55,573
9 years$70,265$64,189$58,596$53,456$48,739$46,531
10 years$62,596$56,580$51,085$46,079$41,528$39,413
11 years$56,325$50,370$44,975$40,103$35,716$33,692
12 years$51,104$45,209$39,914$35,176$30,950$29,017
13 years$46,689$40,856$35,660$31,055$26,989$25,144
14 years$42,908$37,137$32,041$27,567$23,659$21,900
15 years$39,634$33,925$28,929$24,585$20,831$19,156
16 years$36,772$31,126$26,228$22,013$18,411$16,817
17 years$34,250$28,665$23,867$19,779$16,324$14,810
18 years$32,010$26,488$21,787$17,824$14,515$13,078
19 years$30,008$24,549$19,945$16,106$12,937$11,575
20 years$28,209$22,812$18,305$14,587$11,556$10,265
21 years$26,583$21,249$16,837$13,239$10,341$9,120
22 years$25,107$19,835$15,518$12,037$9,269$8,115
23 years$23,762$18,551$14,328$10,962$8,321$7,231
24 years$22,530$17,381$13,251$9,998$7,479$6,450
25 years$21,399$16,311$12,273$9,131$6,730$5,760
26 years$20,356$15,330$11,382$8,349$6,062$5,149
27 years$19,392$14,427$10,570$7,642$5,465$4,606
28 years$18,499$13,595$9,826$7,002$4,931$4,124
29 years$17,669$12,825$9,144$6,421$4,453$3,694
30 years$16,895$12,112$8,517$5,893$4,024$3,312
31 years$16,173$11,450$7,940$5,412$3,638$2,970
32 years$15,497$10,834$7,408$4,974$3,291$2,665
33 years$14,864$10,260$6,917$4,574$2,978$2,392
34 years$14,269$9,724$6,463$4,208$2,696$2,148
35 years$13,710$9,223$6,042$3,874$2,442$1,929
36 years$13,182$8,754$5,653$3,568$2,213$1,734
37 years$12,685$8,314$5,291$3,287$2,005$1,558
38 years$12,214$7,902$4,955$3,030$1,818$1,401
39 years$11,769$7,514$4,642$2,794$1,649$1,260
40 years$11,347$7,149$4,351$2,577$1,495$1,133
41 years$10,947$6,805$4,080$2,377$1,357$1,019
42 years$10,567$6,481$3,827$2,194$1,231$917
43 years$10,206$6,175$3,591$2,025$1,117$825
44 years$9,862$5,886$3,371$1,870$1,014$742
45 years$9,534$5,613$3,165$1,727$921$668
46 years$9,221$5,354$2,973$1,595$836$601
47 years$8,923$5,110$2,793$1,474$759$541
48 years$8,637$4,878$2,624$1,362$689$487
49 years$8,365$4,658$2,467$1,259$626$439
50 years$8,104$4,450$2,319$1,163$569$395

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,300,000, adding $2,367 every year, while hoping to spend $41,040 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: 53/35/12 Blend
53$8,300,000$8,300,000$8,300,000$8,300,000
54$9,149,042$8,709,142$8,580,492$9,605,119
55$10,038,578$9,092,223$8,824,272$10,299,013
56$11,017,471$9,492,700$9,074,843$11,048,959
57$12,094,792$9,911,382$9,332,390$11,863,947
58$13,280,537$10,349,116$9,597,101$12,750,146
59$14,585,718$10,806,789$9,869,170$13,714,340
60$16,022,471$11,285,331$10,148,796$14,763,983
61$17,604,165$11,785,715$10,436,184$15,907,267
62$19,345,537$12,308,961$10,731,542$17,153,197
63$21,262,818$12,856,137$11,035,086$18,511,674
64$23,373,900$13,428,363$11,347,036$19,993,586
65$25,698,494$14,026,808$11,667,618$21,610,903
66$28,258,321$14,652,702$11,997,063$23,376,791
67$31,077,315$15,307,330$12,335,611$25,305,732
68$34,181,851$15,992,039$12,683,503$27,413,654
69$37,600,991$16,708,241$13,040,992$29,718,081
70$41,366,761$17,457,413$13,408,334$32,238,292
71$45,514,448$18,241,104$13,785,791$34,995,499
72$50,082,940$19,060,936$14,173,633$38,013,044
73$55,115,088$19,918,610$14,572,138$41,316,614
74$60,658,112$20,815,907$14,981,589$44,934,475
75$66,764,044$21,754,691$15,402,277$48,897,741
76$73,490,224$22,736,918$15,834,500$53,240,655
77$80,899,835$23,764,636$16,278,565$58,000,911
78$89,062,506$24,839,990$16,734,784$63,220,002
79$98,054,962$25,965,230$17,203,480$68,943,606
80$107,961,753$27,142,712$17,684,982$75,222,013
81$118,876,051$28,374,903$18,179,627$82,110,587
82$130,900,526$29,664,391$18,687,762$89,670,288
83$144,148,319$31,013,886$19,209,742$97,968,236
84$158,744,110$32,426,228$19,745,931$107,078,340
85$174,825,290$33,904,395$20,296,700$117,081,983
86$192,543,262$35,451,503$20,862,433$128,068,788
87$212,064,871$37,070,822$21,443,520$140,137,449
88$233,573,972$38,765,777$22,040,363$153,396,657
89$257,273,175$40,539,958$22,653,372$167,966,117
90$283,385,747$42,397,124$23,282,969$183,977,664
91$312,157,730$44,341,220$23,929,585$201,576,502
92$343,860,253$46,376,375$24,593,661$220,922,560
93$378,792,101$48,506,919$25,275,650$242,191,991
94$417,282,527$50,737,390$25,976,017$265,578,822
95$459,694,367$53,072,544$26,695,235$291,296,777
96$506,427,458$55,517,364$27,433,791$319,581,276
97$557,922,418$58,077,075$28,192,183$350,691,645
98$614,664,805$60,757,151$28,970,921$384,913,553
99$677,189,695$63,563,332$29,770,527$422,561,690
100$746,086,741$66,501,632$30,591,536$463,982,721