Can I retire at age 54 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$701,922$695,670$689,570$683,616$677,802$672,966
2 years$347,486$341,015$334,743$328,661$322,763$317,887
3 years$229,356$222,857$216,601$210,577$204,774$200,008
4 years$170,303$163,823$157,630$151,709$146,047$141,428
5 years$134,880$128,439$122,327$116,527$111,022$106,565
6 years$111,273$104,880$98,859$93,187$87,848$83,557
7 years$94,417$88,078$82,152$76,614$71,444$67,322
8 years$81,781$75,500$69,671$64,270$59,270$55,316
9 years$71,958$65,736$60,008$54,744$49,914$46,128
10 years$64,104$57,943$52,316$47,190$42,529$38,908
11 years$57,683$51,583$46,058$41,069$36,576$33,119
12 years$52,335$46,298$40,876$36,023$31,696$28,399
13 years$47,814$41,840$36,520$31,803$27,640$24,498
14 years$43,942$38,032$32,813$28,231$24,229$21,240
15 years$40,589$34,743$29,626$25,177$21,333$18,493
16 years$37,658$31,876$26,860$22,544$18,854$16,158
17 years$35,075$29,356$24,442$20,255$16,717$14,161
18 years$32,781$27,126$22,312$18,254$14,864$12,444
19 years$30,731$25,141$20,426$16,494$13,249$10,959
20 years$28,889$23,362$18,746$14,939$11,834$9,670
21 years$27,224$21,761$17,242$13,558$10,590$8,547
22 years$25,712$20,313$15,892$12,327$9,493$7,566
23 years$24,334$18,998$14,673$11,226$8,521$6,706
24 years$23,073$17,800$13,570$10,239$7,659$5,950
25 years$21,914$16,704$12,569$9,351$6,892$5,285
26 years$20,847$15,699$11,657$8,550$6,208$4,699
27 years$19,860$14,775$10,824$7,826$5,597$4,180
28 years$18,945$13,922$10,063$7,170$5,050$3,722
29 years$18,094$13,134$9,364$6,575$4,560$3,316
30 years$17,302$12,404$8,722$6,035$4,121$2,955
31 years$16,563$11,726$8,132$5,542$3,725$2,635
32 years$15,871$11,095$7,587$5,093$3,370$2,351
33 years$15,222$10,507$7,084$4,684$3,050$2,098
34 years$14,613$9,958$6,619$4,310$2,761$1,873
35 years$14,040$9,445$6,188$3,967$2,501$1,673
36 years$13,500$8,965$5,789$3,654$2,266$1,494
37 years$12,990$8,515$5,418$3,366$2,054$1,335
38 years$12,509$8,092$5,074$3,103$1,862$1,193
39 years$12,053$7,695$4,754$2,861$1,688$1,066
40 years$11,621$7,321$4,456$2,639$1,531$953
41 years$11,211$6,969$4,178$2,435$1,389$852
42 years$10,822$6,637$3,919$2,247$1,261$762
43 years$10,452$6,324$3,678$2,074$1,144$682
44 years$10,099$6,028$3,452$1,915$1,039$610
45 years$9,763$5,748$3,241$1,769$943$545
46 years$9,443$5,483$3,044$1,634$856$488
47 years$9,138$5,233$2,860$1,509$777$437
48 years$8,846$4,995$2,688$1,395$706$391
49 years$8,566$4,770$2,526$1,289$641$350
50 years$8,299$4,557$2,375$1,191$582$313

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,500,000, adding $4,962 every year, while hoping to spend $52,022 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: 57/27/16 Blend
53$8,500,000$8,500,000$8,500,000$8,500,000
54$9,372,118$8,921,618$8,789,868$9,866,972
55$10,272,723$9,303,427$9,028,978$10,584,997
56$11,263,447$9,702,200$9,274,354$11,360,963
57$12,353,425$10,118,715$9,526,152$12,205,367
58$13,552,726$10,553,784$9,784,530$13,124,789
59$14,872,443$11,008,257$10,049,650$14,126,463
60$16,324,796$11,483,026$10,321,678$15,218,347
61$17,923,254$11,979,023$10,600,782$16,409,192
62$19,682,654$12,497,223$10,887,137$17,708,625
63$21,619,347$13,038,649$11,180,918$19,127,233
64$23,751,347$13,604,370$11,482,306$20,676,666
65$26,098,507$14,195,507$11,791,485$22,369,741
66$28,682,700$14,813,232$12,108,645$24,220,562
67$31,528,028$15,458,772$12,433,977$26,244,648
68$34,661,049$16,133,415$12,767,678$28,459,078
69$38,111,030$16,838,506$13,109,949$30,882,650
70$41,910,217$17,575,454$13,460,994$33,536,052
71$46,094,144$18,345,737$13,821,023$36,442,059
72$50,701,968$19,150,900$14,190,249$39,625,739
73$55,776,837$19,992,562$14,568,890$43,114,689
74$61,366,295$20,872,418$14,957,168$46,939,293
75$67,522,734$21,792,244$15,355,311$51,132,999
76$74,303,889$22,753,899$15,763,549$55,732,638
77$81,773,377$23,759,332$16,182,119$60,778,762
78$90,001,303$24,810,581$16,611,262$66,316,025
79$99,064,920$25,909,783$17,051,223$72,393,597
80$109,049,355$27,059,175$17,502,252$79,065,626
81$120,048,416$28,261,103$17,964,605$86,391,744
82$132,165,477$29,518,019$18,438,542$94,437,621
83$145,514,450$30,832,496$18,924,327$103,275,582
84$160,220,863$32,207,227$19,422,231$112,985,286
85$176,423,044$33,645,035$19,932,529$123,654,466
86$194,273,427$35,148,874$20,455,501$135,379,756
87$213,939,989$36,721,841$20,991,432$148,267,593
88$235,607,836$38,367,179$21,540,614$162,435,217
89$259,480,951$40,088,287$22,103,340$178,011,770
90$285,784,120$41,888,725$22,679,914$195,139,506
91$314,765,049$43,772,221$23,270,640$213,975,128
92$346,696,708$45,742,684$23,875,830$234,691,257
93$381,879,903$47,804,206$24,495,801$257,478,055
94$420,646,118$49,961,078$25,130,876$282,545,006
95$463,360,643$52,217,791$25,781,381$310,122,893
96$510,426,021$54,579,055$26,447,650$340,465,957
97$562,285,849$57,049,803$27,130,020$373,854,293
98$619,428,965$59,635,203$27,828,835$410,596,481
99$682,394,063$62,340,671$28,544,445$451,032,489
100$751,774,777$65,171,883$29,277,202$495,536,866