Can I retire at age 54 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$693,664$687,485$681,457$675,573$669,828$660,636
2 years$343,398$337,003$330,804$324,795$318,966$309,722
3 years$226,658$220,235$214,052$208,099$202,365$193,356
4 years$168,299$161,896$155,775$149,924$144,328$135,623
5 years$133,293$126,928$120,888$115,156$109,716$101,341
6 years$109,964$103,647$97,695$92,091$86,815$78,779
7 years$93,306$87,042$81,185$75,713$70,604$62,910
8 years$80,819$74,611$68,852$63,514$58,572$51,220
9 years$71,111$64,963$59,302$54,100$49,326$42,312
10 years$63,350$57,261$51,701$46,634$42,029$35,347
11 years$57,004$50,976$45,517$40,586$36,146$29,791
12 years$51,719$45,754$40,395$35,599$31,323$25,287
13 years$47,251$41,348$36,090$31,429$27,315$21,590
14 years$43,425$37,584$32,427$27,899$23,944$18,521
15 years$40,111$34,334$29,277$24,881$21,082$15,952
16 years$37,215$31,501$26,544$22,278$18,632$13,786
17 years$34,662$29,011$24,154$20,017$16,521$11,947
18 years$32,396$26,807$22,050$18,039$14,689$10,379
19 years$30,370$24,845$20,185$16,300$13,093$9,036
20 years$28,549$23,087$18,525$14,763$11,695$7,880
21 years$26,904$21,505$17,040$13,398$10,466$6,882
22 years$25,410$20,074$15,705$12,182$9,381$6,019
23 years$24,048$18,775$14,500$11,094$8,421$5,270
24 years$22,802$17,591$13,410$10,119$7,569$4,619
25 years$21,656$16,508$12,421$9,241$6,811$4,052
26 years$20,601$15,515$11,520$8,449$6,135$3,557
27 years$19,626$14,601$10,697$7,734$5,531$3,125
28 years$18,722$13,759$9,944$7,086$4,991$2,746
29 years$17,882$12,980$9,254$6,498$4,507$2,415
30 years$17,099$12,258$8,620$5,964$4,072$2,125
31 years$16,368$11,588$8,036$5,477$3,682$1,870
32 years$15,684$10,964$7,498$5,034$3,330$1,646
33 years$15,043$10,383$7,001$4,629$3,014$1,450
34 years$14,441$9,841$6,541$4,259$2,729$1,277
35 years$13,875$9,334$6,115$3,921$2,471$1,125
36 years$13,341$8,860$5,721$3,611$2,239$992
37 years$12,837$8,415$5,354$3,327$2,030$874
38 years$12,361$7,997$5,014$3,066$1,840$771
39 years$11,911$7,604$4,698$2,827$1,669$680
40 years$11,484$7,235$4,403$2,608$1,513$599
41 years$11,079$6,887$4,129$2,406$1,373$528
42 years$10,694$6,559$3,873$2,221$1,246$466
43 years$10,329$6,249$3,634$2,050$1,131$411
44 years$9,980$5,957$3,411$1,893$1,026$363
45 years$9,649$5,680$3,203$1,748$932$320
46 years$9,332$5,419$3,009$1,615$846$282
47 years$9,030$5,171$2,826$1,492$768$249
48 years$8,741$4,937$2,656$1,378$698$220
49 years$8,465$4,714$2,497$1,274$634$194
50 years$8,201$4,503$2,347$1,177$575$171

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,400,000, adding $4,068 every year, while hoping to spend $56,068 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: 51/33/16 Blend
53$8,400,000$8,400,000$8,400,000$8,400,000
54$9,260,996$8,815,796$8,685,596$9,692,571
55$10,145,962$9,188,114$8,916,908$10,361,771
56$11,119,315$9,576,797$9,154,089$11,082,723
57$12,190,012$9,982,586$9,397,278$11,865,304
58$13,367,920$10,406,260$9,646,614$12,715,353
59$14,663,912$10,848,632$9,902,240$13,639,285
60$16,089,969$11,310,552$10,164,302$14,644,151
61$17,659,289$11,792,912$10,432,949$15,737,703
62$19,386,416$12,296,644$10,708,333$16,928,464
63$21,287,375$12,822,725$10,990,607$18,225,803
64$23,379,824$13,372,175$11,279,928$19,640,023
65$25,683,218$13,946,063$11,576,458$21,182,457
66$28,218,996$14,545,510$11,880,359$22,865,567
67$31,010,780$15,171,687$12,191,798$24,703,063
68$34,084,599$15,825,820$12,510,943$26,710,027
69$37,469,136$16,509,193$12,837,968$28,903,051
70$41,195,995$17,223,150$13,173,046$31,300,393
71$45,300,001$17,969,099$13,516,358$33,922,142
72$49,819,530$18,748,513$13,868,084$36,790,405
73$54,796,866$19,562,934$14,228,409$39,929,513
74$60,278,607$20,413,978$14,597,521$43,366,245
75$66,316,097$21,303,336$14,975,611$47,130,075
76$72,965,918$22,232,778$15,362,873$51,253,446
77$80,290,416$23,204,158$15,759,503$55,772,075
78$88,358,294$24,219,419$16,165,703$60,725,280
79$97,245,262$25,280,592$16,581,676$66,156,347
80$107,034,745$26,389,807$17,007,627$72,112,935
81$117,818,674$27,549,293$17,443,769$78,647,519
82$129,698,356$28,761,385$17,890,311$85,817,877
83$142,785,423$30,028,528$18,347,472$93,687,633
84$157,202,893$31,353,283$18,815,469$102,326,847
85$173,086,326$32,738,331$19,294,525$111,812,673
86$190,585,104$34,186,482$19,784,865$122,230,076
87$209,863,843$35,700,678$20,286,716$133,672,630
88$231,103,944$37,284,000$20,800,310$146,243,390
89$254,505,305$38,939,675$21,325,879$160,055,861
90$280,288,211$40,671,084$21,863,661$175,235,056
91$308,695,410$42,481,768$22,413,895$191,918,670
92$339,994,403$44,375,437$22,976,822$210,258,370
93$374,479,974$46,355,975$23,552,687$230,421,214
94$412,476,967$48,427,453$24,141,738$252,591,221
95$454,343,354$50,594,134$24,744,222$276,971,098
96$500,473,615$52,860,486$25,360,392$303,784,138
97$551,302,460$55,231,187$25,990,503$333,276,320
98$607,308,935$57,711,139$26,634,808$365,718,615
99$669,020,940$60,305,478$27,293,568$401,409,534
100$737,020,213$63,019,584$27,967,040$440,677,935