Can I retire at age 54 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$743,212$736,591$730,133$723,828$717,673$688,926
2 years$367,927$361,074$354,433$347,994$341,749$313,148
3 years$242,848$235,966$229,342$222,963$216,820$189,265
4 years$180,321$173,460$166,902$160,633$154,638$128,339
5 years$142,814$135,995$129,523$123,381$117,553$92,578
6 years$117,818$111,050$104,674$98,669$93,016$69,379
7 years$99,971$93,260$86,984$81,121$75,647$53,339
8 years$86,591$79,941$73,770$68,051$62,756$41,755
9 years$76,191$69,603$63,538$57,964$52,850$33,123
10 years$67,875$61,351$55,394$49,966$45,031$26,539
11 years$61,076$54,618$48,768$43,485$38,728$21,428
12 years$55,414$49,022$43,280$38,142$33,561$17,406
13 years$50,626$44,301$38,668$33,674$29,266$14,206
14 years$46,527$40,269$34,743$29,892$25,654$11,638
15 years$42,977$36,786$31,369$26,658$22,588$9,564
16 years$39,873$33,751$28,440$23,870$19,963$7,879
17 years$37,138$31,083$25,879$21,447$17,701$6,504
18 years$34,710$28,722$23,625$19,328$15,739$5,377
19 years$32,539$26,619$21,627$17,464$14,028$4,452
20 years$30,588$24,736$19,848$15,817$12,530$3,690
21 years$28,825$23,041$18,257$14,355$11,213$3,062
22 years$27,225$21,508$16,826$13,052$10,051$2,542
23 years$25,766$20,116$15,536$11,887$9,022$2,112
24 years$24,430$18,847$14,368$10,841$8,110$1,755
25 years$23,203$17,687$13,308$9,901$7,297$1,460
26 years$22,073$16,623$12,342$9,053$6,573$1,214
27 years$21,028$15,644$11,461$8,286$5,926$1,010
28 years$20,059$14,741$10,654$7,592$5,347$841
29 years$19,159$13,907$9,915$6,962$4,829$700
30 years$18,320$13,133$9,235$6,390$4,363$583
31 years$17,537$12,416$8,610$5,868$3,944$485
32 years$16,804$11,748$8,033$5,393$3,568$404
33 years$16,118$11,125$7,501$4,959$3,229$337
34 years$15,473$10,544$7,008$4,563$2,924$280
35 years$14,866$10,001$6,552$4,201$2,648$234
36 years$14,294$9,492$6,129$3,869$2,399$195
37 years$13,754$9,016$5,737$3,564$2,175$162
38 years$13,244$8,568$5,372$3,285$1,971$135
39 years$12,762$8,147$5,033$3,029$1,788$113
40 years$12,304$7,752$4,718$2,794$1,622$94
41 years$11,870$7,379$4,424$2,578$1,471$78
42 years$11,458$7,027$4,150$2,379$1,335$65
43 years$11,066$6,696$3,894$2,196$1,211$54
44 years$10,693$6,382$3,655$2,028$1,100$45
45 years$10,338$6,086$3,432$1,873$998$38
46 years$9,999$5,806$3,223$1,730$906$31
47 years$9,675$5,541$3,028$1,598$823$26
48 years$9,366$5,289$2,846$1,477$747$22
49 years$9,070$5,051$2,675$1,365$679$18
50 years$8,787$4,825$2,515$1,262$617$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,000,000, adding $2,968 every year, while hoping to spend $23,967 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: 78/16/6 Blend
53$9,000,000$9,000,000$9,000,000$9,000,000
54$9,921,061$9,444,061$9,304,561$10,689,541
55$10,907,509$9,881,320$9,590,764$11,631,142
56$11,993,771$10,339,200$9,885,750$12,660,064
57$13,190,003$10,818,689$10,189,790$13,787,703
58$14,507,396$11,320,817$10,503,161$15,023,867
59$15,958,282$11,846,669$10,826,148$16,379,356
60$17,556,248$12,397,377$11,159,046$17,866,059
61$19,316,269$12,974,132$11,502,158$19,497,066
62$21,254,845$13,578,181$11,855,796$21,286,787
63$23,390,158$14,210,830$12,220,284$23,251,091
64$25,742,242$14,873,450$12,595,952$25,407,451
65$28,333,178$15,567,475$12,983,143$27,775,105
66$31,187,294$16,294,413$13,382,210$30,375,242
67$34,331,399$17,055,841$13,793,515$33,231,194
68$37,795,038$17,853,413$14,217,434$36,368,655
69$41,610,766$18,688,865$14,654,352$39,815,925
70$45,814,458$19,564,013$15,104,667$43,604,170
71$50,445,647$20,480,764$15,568,788$47,767,718
72$55,547,899$21,441,117$16,047,138$52,344,375
73$61,169,219$22,447,167$16,540,152$57,375,786
74$67,362,510$23,501,109$17,048,278$62,907,819
75$74,186,069$24,605,246$17,571,978$68,991,000
76$81,704,137$25,761,992$18,111,728$75,680,982
77$89,987,508$26,973,878$18,668,019$83,039,072
78$99,114,192$28,243,557$19,241,357$91,132,803
79$109,170,160$29,573,811$19,832,262$100,036,569
80$120,250,145$30,967,557$20,441,272$109,832,323
81$132,458,545$32,427,852$21,068,940$120,610,349
82$145,910,402$33,957,902$21,715,835$132,470,106
83$160,732,493$35,561,069$22,382,545$145,521,166
84$177,064,522$37,240,877$23,069,676$159,884,245
85$195,060,445$39,001,021$23,777,851$175,692,333
86$214,889,914$40,845,375$24,507,713$193,091,949
87$236,739,889$42,778,002$25,259,925$212,244,518
88$260,816,394$44,803,160$26,035,168$233,327,887
89$287,346,467$46,925,316$26,834,147$256,538,004
90$316,580,301$49,149,151$27,657,586$282,090,755
91$348,793,609$51,479,576$28,506,232$310,224,002
92$384,290,220$53,921,739$29,380,854$341,199,816
93$423,404,956$56,481,037$30,282,246$375,306,952
94$466,506,783$59,163,130$31,211,223$412,863,561
95$514,002,305$61,973,953$32,168,629$454,220,190
96$566,339,593$64,919,730$33,155,331$499,763,082
97$624,012,419$68,006,984$34,172,222$549,917,814
98$687,564,918$71,242,559$35,220,224$605,153,310
99$757,596,724$74,633,629$36,300,286$665,986,254
100$834,768,630$78,187,717$37,413,386$732,985,960