Can I retire at age 54 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$718,438$712,038$705,795$699,701$693,750$688,225
2 years$355,662$349,038$342,619$336,395$330,357$324,788
3 years$234,753$228,100$221,697$215,531$209,592$204,151
4 years$174,310$167,678$161,339$155,278$149,483$144,212
5 years$138,054$131,462$125,205$119,269$113,635$108,549
6 years$113,891$107,348$101,185$95,380$89,915$85,021
7 years$96,638$90,151$84,085$78,417$73,125$68,426
8 years$83,705$77,276$71,311$65,782$60,664$56,159
9 years$73,651$67,283$61,420$56,032$51,088$46,776
10 years$65,612$59,306$53,547$48,300$43,530$39,408
11 years$59,040$52,797$47,142$42,035$37,437$33,503
12 years$53,566$47,388$41,837$36,871$32,442$28,692
13 years$48,939$42,825$37,379$32,551$28,290$24,720
14 years$44,976$38,926$33,585$28,895$24,799$21,404
15 years$41,544$35,560$30,323$25,770$21,835$18,610
16 years$38,544$32,626$27,492$23,074$19,298$16,239
17 years$35,900$30,047$25,017$20,732$17,111$14,212
18 years$33,553$27,765$22,837$18,683$15,214$12,471
19 years$31,454$25,732$20,906$16,882$13,561$10,967
20 years$29,569$23,911$19,187$15,290$12,113$9,663
21 years$27,864$22,273$17,648$13,877$10,839$8,528
22 years$26,317$20,791$16,265$12,617$9,716$7,538
23 years$24,907$19,445$15,018$11,491$8,722$6,671
24 years$23,616$18,219$13,889$10,480$7,839$5,910
25 years$22,430$17,097$12,864$9,571$7,054$5,242
26 years$21,337$16,069$11,931$8,751$6,354$4,653
27 years$20,327$15,123$11,079$8,010$5,729$4,133
28 years$19,390$14,250$10,299$7,339$5,169$3,674
29 years$18,520$13,443$9,584$6,730$4,668$3,267
30 years$17,709$12,696$8,928$6,177$4,217$2,908
31 years$16,953$12,002$8,323$5,673$3,813$2,589
32 years$16,244$11,356$7,765$5,213$3,449$2,306
33 years$15,580$10,754$7,251$4,794$3,121$2,054
34 years$14,957$10,193$6,775$4,411$2,826$1,831
35 years$14,370$9,668$6,334$4,061$2,560$1,632
36 years$13,818$9,176$5,925$3,740$2,319$1,456
37 years$13,296$8,715$5,546$3,446$2,102$1,298
38 years$12,803$8,282$5,193$3,176$1,906$1,158
39 years$12,336$7,876$4,866$2,928$1,728$1,034
40 years$11,894$7,493$4,561$2,701$1,567$922
41 years$11,475$7,133$4,276$2,492$1,422$823
42 years$11,076$6,793$4,011$2,300$1,290$735
43 years$10,697$6,472$3,764$2,123$1,171$656
44 years$10,337$6,169$3,533$1,960$1,063$586
45 years$9,993$5,883$3,318$1,810$965$523
46 years$9,665$5,612$3,116$1,672$876$467
47 years$9,353$5,356$2,927$1,545$796$417
48 years$9,054$5,113$2,751$1,428$723$373
49 years$8,768$4,883$2,586$1,319$656$333
50 years$8,494$4,664$2,431$1,219$596$297

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,700,000, adding $2,950 every year, while hoping to spend $54,963 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: 62/23/15 Blend
53$8,700,000$8,700,000$8,700,000$8,700,000
54$9,590,443$9,129,343$8,994,493$10,149,340
55$10,510,188$9,518,201$9,237,328$10,914,105
56$11,521,905$9,924,270$9,486,456$11,742,090
57$12,634,917$10,348,337$9,742,030$12,644,631
58$13,859,496$10,791,223$10,004,206$13,628,967
59$15,206,960$11,253,788$10,273,142$14,703,064
60$16,689,780$11,736,934$10,549,003$15,875,686
61$18,321,697$12,241,603$10,831,954$17,156,474
62$20,117,850$12,768,782$11,122,165$18,556,037
63$22,094,922$13,319,504$11,419,809$20,086,048
64$24,271,295$13,894,850$11,725,063$21,759,357
65$26,667,223$14,495,954$12,038,108$23,590,102
66$29,305,023$15,123,999$12,359,128$25,593,847
67$32,209,288$15,780,227$12,688,311$27,787,723
68$35,407,115$16,465,938$13,025,849$30,190,587
69$38,928,363$17,182,492$13,371,938$32,823,199
70$42,805,935$17,931,313$13,726,777$35,708,415
71$47,076,086$18,713,893$14,090,570$38,871,396
72$51,778,767$19,531,794$14,463,524$42,339,849
73$56,958,000$20,386,651$14,845,851$46,144,278
74$62,662,296$21,280,176$15,237,766$50,318,275
75$68,945,109$22,214,164$15,639,491$54,898,828
76$75,865,344$23,190,491$16,051,247$59,926,673
77$83,487,910$24,211,126$16,473,264$65,446,668
78$91,884,332$25,278,127$16,905,774$71,508,214
79$101,133,430$26,393,651$17,349,014$78,165,723
80$111,322,059$27,559,959$17,803,225$85,479,119
81$122,545,928$28,779,416$18,268,652$93,514,405
82$134,910,505$30,054,500$18,745,545$102,344,277
83$148,532,014$31,387,808$19,234,157$112,048,809
84$163,538,527$32,782,057$19,734,749$122,716,203
85$180,071,175$34,240,097$20,247,582$134,443,613
86$198,285,483$35,764,910$20,772,924$147,338,061
87$218,352,832$37,359,620$21,311,047$161,517,438
88$240,462,082$39,027,502$21,862,227$177,111,613
89$264,821,348$40,771,984$22,426,746$194,263,652
90$291,659,972$42,596,657$23,004,888$213,131,159
91$321,230,680$44,505,285$23,596,944$233,887,762
92$353,811,976$46,501,810$24,203,207$256,724,741
93$389,710,759$48,590,361$24,823,977$281,852,827
94$429,265,233$50,775,265$25,459,556$309,504,184
95$472,848,088$53,061,054$26,110,252$339,934,592
96$520,870,025$55,452,478$26,776,378$373,425,852
97$573,783,630$57,954,511$27,458,249$410,288,438
98$632,087,646$60,572,368$28,156,186$450,864,421
99$696,331,681$63,311,509$28,870,513$495,530,682
100$767,121,397$66,177,657$29,601,560$544,702,468