Can I retire at age 54 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$710,180$703,854$697,682$691,658$685,776$670,014
2 years$351,574$345,026$338,681$332,528$326,560$310,767
3 years$232,055$225,479$219,149$213,054$207,183$191,853
4 years$172,307$165,751$159,484$153,493$147,765$133,015
5 years$136,467$129,951$123,766$117,898$112,328$98,200
6 years$112,582$106,114$100,022$94,284$88,882$75,390
7 years$95,528$89,115$83,118$77,516$72,285$59,431
8 years$82,743$76,388$70,491$65,026$59,967$47,748
9 years$72,804$66,509$60,714$55,388$50,501$38,906
10 years$64,858$58,625$52,932$47,745$43,029$32,046
11 years$58,361$52,190$46,600$41,552$37,007$26,620
12 years$52,951$46,843$41,357$36,447$32,069$22,262
13 years$48,376$42,332$36,949$32,177$27,965$18,720
14 years$44,459$38,479$33,199$28,563$24,514$15,812
15 years$41,066$35,151$29,974$25,473$21,584$13,404
16 years$38,101$32,251$27,176$22,809$19,076$11,398
17 years$35,488$29,702$24,729$20,493$16,914$9,717
18 years$33,167$27,446$22,575$18,469$15,039$8,302
19 years$31,093$25,436$20,666$16,688$13,405$7,105
20 years$29,229$23,637$18,966$15,114$11,973$6,090
21 years$27,544$22,017$17,445$13,717$10,715$5,227
22 years$26,015$20,552$16,078$12,472$9,604$4,492
23 years$24,621$19,222$14,846$11,359$8,621$3,863
24 years$23,344$18,009$13,730$10,360$7,749$3,325
25 years$22,172$16,901$12,716$9,461$6,973$2,864
26 years$21,092$15,884$11,794$8,651$6,281$2,469
27 years$20,093$14,949$10,952$7,918$5,663$2,129
28 years$19,168$14,086$10,181$7,255$5,110$1,836
29 years$18,307$13,289$9,474$6,653$4,614$1,585
30 years$17,506$12,550$8,825$6,106$4,169$1,368
31 years$16,758$11,864$8,227$5,607$3,769$1,181
32 years$16,058$11,225$7,676$5,153$3,409$1,020
33 years$15,401$10,631$7,167$4,739$3,086$882
34 years$14,785$10,076$6,697$4,360$2,794$762
35 years$14,205$9,556$6,261$4,014$2,530$658
36 years$13,659$9,070$5,857$3,697$2,293$569
37 years$13,143$8,615$5,482$3,406$2,078$492
38 years$12,656$8,187$5,134$3,139$1,884$425
39 years$12,195$7,785$4,810$2,895$1,708$368
40 years$11,758$7,407$4,508$2,670$1,549$318
41 years$11,343$7,051$4,227$2,463$1,406$275
42 years$10,949$6,715$3,965$2,273$1,276$238
43 years$10,575$6,398$3,721$2,099$1,158$206
44 years$10,218$6,099$3,493$1,938$1,051$178
45 years$9,878$5,816$3,279$1,790$954$154
46 years$9,554$5,548$3,080$1,653$866$133
47 years$9,245$5,294$2,894$1,527$786$115
48 years$8,950$5,054$2,719$1,411$714$99
49 years$8,667$4,826$2,556$1,304$649$86
50 years$8,397$4,610$2,403$1,205$589$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,600,000, adding $3,528 every year, while hoping to spend $58,031 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: 39/50/11 Blend
53$8,600,000$8,600,000$8,600,000$8,600,000
54$9,480,839$9,025,039$8,891,739$9,818,918
55$10,386,140$9,405,522$9,127,868$10,438,849
56$11,381,837$9,802,703$9,369,962$11,102,756
57$12,477,089$10,217,339$9,618,160$11,819,303
58$13,681,987$10,650,224$9,872,603$12,593,259
59$15,007,650$11,102,185$10,133,436$13,429,854
60$16,466,328$11,574,091$10,400,804$14,334,825
61$18,071,521$12,066,848$10,674,858$15,314,466
62$19,838,101$12,581,408$10,955,751$16,375,686
63$21,782,455$13,118,765$11,243,636$17,526,067
64$23,922,640$13,679,960$11,538,673$18,773,933
65$26,278,554$14,266,082$11,841,023$20,128,426
66$28,872,118$14,878,272$12,150,849$21,599,585
67$31,727,491$15,517,724$12,468,319$23,198,436
68$34,871,289$16,185,687$12,793,602$24,937,096
69$38,332,844$16,883,469$13,126,871$26,828,876
70$42,144,475$17,612,440$13,468,303$28,888,403
71$46,341,796$18,374,033$13,818,075$31,131,758
72$50,964,048$19,169,751$14,176,370$33,576,613
73$56,054,476$20,001,163$14,543,372$36,242,399
74$61,660,727$20,869,915$14,919,270$39,150,480
75$67,835,311$21,777,730$15,304,255$42,324,346
76$74,636,085$22,726,411$15,698,520$45,789,834
77$82,126,807$23,717,847$16,102,263$49,575,358
78$90,377,736$24,754,016$16,515,683$53,712,174
79$99,466,290$25,836,987$16,938,983$58,234,664
80$109,477,782$26,968,931$17,372,369$63,180,655
81$120,506,223$28,152,116$17,816,051$68,591,766
82$132,655,210$29,388,921$18,270,240$74,513,792
83$146,038,899$30,681,836$18,735,151$80,997,127
84$160,783,089$32,033,468$19,211,002$88,097,229
85$177,026,406$33,446,550$19,698,012$95,875,134
86$194,921,610$34,923,942$20,196,406$104,398,021
87$214,637,038$36,468,638$20,706,409$113,739,836
88$236,358,192$38,083,778$21,228,250$123,981,977
89$260,289,491$39,772,647$21,762,160$135,214,048
90$286,656,200$41,538,687$22,308,373$147,534,696
91$315,706,555$43,385,505$22,867,126$161,052,526
92$347,714,105$45,316,877$23,438,657$175,887,114
93$382,980,299$47,336,758$24,023,206$192,170,117
94$421,837,323$49,449,293$24,621,018$210,046,506
95$464,651,245$51,658,823$25,232,337$229,675,913
96$511,825,462$53,969,896$25,857,410$251,234,124
97$563,804,513$56,387,274$26,496,486$274,914,720
98$621,078,271$58,915,949$27,149,817$300,930,886
99$684,186,573$61,561,148$27,817,654$329,517,403
100$753,724,308$64,328,349$28,500,250$360,932,846