Can I retire at age 54 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$726,696$720,223$713,907$707,743$701,724$677,906
2 years$359,750$353,050$346,557$340,261$334,154$310,396
3 years$237,451$230,722$224,245$218,009$212,001$189,050
4 years$176,314$169,605$163,193$157,063$151,201$129,232
5 years$139,641$132,973$126,645$120,639$114,941$94,012
6 years$115,200$108,582$102,348$96,476$90,949$71,077
7 years$97,749$91,187$85,051$79,318$73,966$55,148
8 years$84,667$78,164$72,130$66,538$61,362$43,583
9 years$74,498$68,056$62,126$56,676$51,675$34,914
10 years$66,367$59,988$54,163$48,855$44,030$28,259
11 years$59,718$53,404$47,684$42,519$37,867$23,056
12 years$54,182$47,932$42,318$37,295$32,815$18,929
13 years$49,501$43,317$37,809$32,925$28,615$15,619
14 years$45,493$39,374$33,971$29,228$25,084$12,940
15 years$42,022$35,969$30,671$26,066$22,086$10,756
16 years$38,987$33,001$27,808$23,339$19,520$8,964
17 years$36,313$30,392$25,304$20,970$17,307$7,487
18 years$33,938$28,084$23,100$18,898$15,389$6,265
19 years$31,816$26,028$21,147$17,076$13,717$5,251
20 years$29,908$24,186$19,407$15,466$12,252$4,406
21 years$28,185$22,529$17,851$14,036$10,964$3,701
22 years$26,620$21,030$16,452$12,762$9,828$3,111
23 years$25,193$19,669$15,191$11,623$8,822$2,618
24 years$23,887$18,428$14,049$10,601$7,929$2,204
25 years$22,688$17,294$13,012$9,681$7,135$1,856
26 years$21,582$16,254$12,068$8,852$6,427$1,564
27 years$20,560$15,296$11,206$8,102$5,795$1,318
28 years$19,613$14,414$10,418$7,423$5,229$1,112
29 years$18,733$13,598$9,695$6,807$4,721$938
30 years$17,913$12,842$9,030$6,248$4,266$791
31 years$17,147$12,140$8,419$5,738$3,857$667
32 years$16,431$11,487$7,855$5,273$3,489$563
33 years$15,760$10,878$7,334$4,849$3,157$475
34 years$15,129$10,310$6,852$4,462$2,859$401
35 years$14,536$9,779$6,407$4,107$2,589$339
36 years$13,976$9,281$5,993$3,783$2,346$286
37 years$13,449$8,815$5,609$3,485$2,126$241
38 years$12,950$8,378$5,253$3,212$1,928$204
39 years$12,478$7,966$4,922$2,962$1,748$172
40 years$12,031$7,579$4,613$2,732$1,585$145
41 years$11,607$7,215$4,325$2,521$1,438$123
42 years$11,204$6,871$4,057$2,326$1,305$104
43 years$10,820$6,547$3,807$2,147$1,185$88
44 years$10,456$6,240$3,574$1,983$1,075$74
45 years$10,108$5,951$3,356$1,831$976$62
46 years$9,777$5,677$3,152$1,691$886$53
47 years$9,460$5,417$2,961$1,563$805$45
48 years$9,158$5,172$2,783$1,444$731$38
49 years$8,869$4,939$2,615$1,335$664$32
50 years$8,592$4,718$2,459$1,233$603$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $8,800,000, adding $4,181 every year, while hoping to spend $53,980 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: 69/11/20 Blend
53$8,800,000$8,800,000$8,800,000$8,800,000
54$9,701,913$9,235,513$9,099,113$10,323,257
55$10,634,073$9,630,619$9,346,499$11,133,872
56$11,659,506$10,043,275$9,600,363$12,013,829
57$12,787,665$10,474,286$9,860,865$12,975,394
58$14,028,973$10,924,492$10,128,170$14,026,618
59$15,394,908$11,394,771$10,402,443$15,176,370
60$16,898,120$11,886,047$10,683,857$16,434,408
61$18,552,547$12,399,282$10,972,585$17,811,478
62$20,373,547$12,935,487$11,268,806$19,319,411
63$22,378,041$13,495,718$11,572,703$20,971,234
64$24,584,674$14,081,081$11,884,462$22,781,290
65$27,013,992$14,692,736$12,204,273$24,765,377
66$29,688,634$15,331,895$12,532,331$26,940,886
67$32,633,545$15,999,827$12,868,834$29,326,975
68$35,876,211$16,697,864$13,213,985$31,944,739
69$39,446,922$17,427,396$13,567,991$34,817,414
70$43,379,053$18,189,883$13,931,063$37,970,588
71$47,709,380$18,986,851$14,303,417$41,432,447
72$52,478,429$19,819,899$14,685,274$45,234,037
73$57,730,855$20,690,701$15,076,857$49,409,552
74$63,515,868$21,601,010$15,478,397$53,996,659
75$69,887,690$22,552,664$15,890,127$59,036,850
76$76,906,074$23,547,584$16,312,286$64,575,831
77$84,636,863$24,587,785$16,745,117$70,663,949
78$93,152,613$25,675,377$17,188,869$77,356,671
79$102,533,278$26,812,568$17,643,794$84,715,099
80$112,866,962$28,001,674$18,110,151$92,806,547
81$124,250,754$29,245,117$18,588,203$101,705,172
82$136,791,640$30,545,437$19,078,217$111,492,675
83$150,607,516$31,905,293$19,580,467$122,259,065
84$165,828,301$33,327,471$20,095,230$134,103,508
85$182,597,159$34,814,888$20,622,791$147,135,259
86$201,071,853$36,370,601$21,163,438$161,474,690
87$221,426,233$37,997,812$21,717,465$177,254,425
88$243,851,880$39,699,875$22,285,171$194,620,587
89$268,559,908$41,480,306$22,866,861$213,734,172
90$295,782,961$43,342,784$23,462,843$234,772,566
91$325,777,410$45,291,166$24,073,435$257,931,220
92$358,825,766$47,329,494$24,698,956$283,425,483
93$395,239,355$49,462,000$25,339,732$311,492,636
94$435,361,252$51,693,120$25,996,095$342,394,127
95$479,569,517$54,027,501$26,668,382$376,418,034
96$528,280,770$56,470,011$27,356,935$413,881,778
97$581,954,119$59,025,751$28,062,102$455,135,116
98$641,095,493$61,700,067$28,784,237$500,563,437
99$706,262,422$64,498,560$29,523,698$550,591,398
100$778,069,297$67,427,096$30,280,849$605,686,920