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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.3%
1 years$743,212$736,591$730,133$723,828$717,673$704,913
2 years$367,927$361,074$354,433$347,994$341,749$328,938
3 years$242,848$235,966$229,342$222,963$216,820$204,355
4 years$180,321$173,460$166,902$160,633$154,638$142,616
5 years$142,814$135,995$129,523$123,381$117,553$106,010
6 years$117,818$111,050$104,674$98,669$93,016$81,963
7 years$99,971$93,260$86,984$81,121$75,647$65,087
8 years$86,591$79,941$73,770$68,051$62,756$52,688
9 years$76,191$69,603$63,538$57,964$52,850$43,267
10 years$67,875$61,351$55,394$49,966$45,031$35,925
11 years$61,076$54,618$48,768$43,485$38,728$30,089
12 years$55,414$49,022$43,280$38,142$33,561$25,377
13 years$50,626$44,301$38,668$33,674$29,266$21,524
14 years$46,527$40,269$34,743$29,892$25,654$18,341
15 years$42,977$36,786$31,369$26,658$22,588$15,689
16 years$39,873$33,751$28,440$23,870$19,963$13,464
17 years$37,138$31,083$25,879$21,447$17,701$11,586
18 years$34,710$28,722$23,625$19,328$15,739$9,993
19 years$32,539$26,619$21,627$17,464$14,028$8,636
20 years$30,588$24,736$19,848$15,817$12,530$7,475
21 years$28,825$23,041$18,257$14,355$11,213$6,480
22 years$27,225$21,508$16,826$13,052$10,051$5,624
23 years$25,766$20,116$15,536$11,887$9,022$4,886
24 years$24,430$18,847$14,368$10,841$8,110$4,249
25 years$23,203$17,687$13,308$9,901$7,297$3,698
26 years$22,073$16,623$12,342$9,053$6,573$3,221
27 years$21,028$15,644$11,461$8,286$5,926$2,806
28 years$20,059$14,741$10,654$7,592$5,347$2,447
29 years$19,159$13,907$9,915$6,962$4,829$2,134
30 years$18,320$13,133$9,235$6,390$4,363$1,862
31 years$17,537$12,416$8,610$5,868$3,944$1,625
32 years$16,804$11,748$8,033$5,393$3,568$1,419
33 years$16,118$11,125$7,501$4,959$3,229$1,240
34 years$15,473$10,544$7,008$4,563$2,924$1,083
35 years$14,866$10,001$6,552$4,201$2,648$946
36 years$14,294$9,492$6,129$3,869$2,399$827
37 years$13,754$9,016$5,737$3,564$2,175$723
38 years$13,244$8,568$5,372$3,285$1,971$632
39 years$12,762$8,147$5,033$3,029$1,788$552
40 years$12,304$7,752$4,718$2,794$1,622$483
41 years$11,870$7,379$4,424$2,578$1,471$422
42 years$11,458$7,027$4,150$2,379$1,335$369
43 years$11,066$6,696$3,894$2,196$1,211$323
44 years$10,693$6,382$3,655$2,028$1,100$282
45 years$10,338$6,086$3,432$1,873$998$247
46 years$9,999$5,806$3,223$1,730$906$216
47 years$9,675$5,541$3,028$1,598$823$189
48 years$9,366$5,289$2,846$1,477$747$165
49 years$9,070$5,051$2,675$1,365$679$144
50 years$8,787$4,825$2,515$1,262$617$126

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 $2,998 every year, while hoping to spend $53,900 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: 32/38/30 Blend
53$9,000,000$9,000,000$9,000,000$9,000,000
54$9,921,092$9,444,092$9,304,592$10,147,877
55$10,875,695$9,849,504$9,558,947$10,728,682
56$11,925,860$10,272,974$9,820,016$11,348,871
57$13,081,278$10,715,330$10,087,968$12,015,842
58$14,352,628$11,177,440$10,362,973$12,733,761
59$15,751,672$11,660,211$10,645,209$13,507,191
60$17,291,373$12,164,593$10,934,855$14,341,137
61$18,986,015$12,691,579$11,232,094$15,241,092
62$20,851,334$13,242,212$11,537,115$16,213,076
63$22,904,671$13,817,582$11,850,109$17,263,700
64$25,165,134$14,418,829$12,171,273$18,400,218
65$27,653,775$15,047,149$12,500,809$19,630,592
66$30,393,794$15,703,794$12,838,920$20,963,567
67$33,410,755$16,390,073$13,185,817$22,408,744
68$36,732,824$17,107,359$13,541,715$23,976,669
69$40,391,041$17,857,088$13,906,831$25,678,930
70$44,419,607$18,640,766$14,281,390$27,528,256
71$48,856,211$19,459,967$14,665,620$29,538,637
72$53,742,380$20,316,341$15,059,754$31,725,447
73$59,123,879$21,211,618$15,464,032$34,105,587
74$65,051,133$22,147,606$15,878,695$36,697,638
75$71,579,711$23,126,200$16,303,994$39,522,026
76$78,770,844$24,149,387$16,740,180$42,601,216
77$86,692,008$25,219,245$17,187,514$45,959,910
78$95,417,557$26,337,952$17,646,260$49,625,280
79$105,029,425$27,507,789$18,116,687$53,627,212
80$115,617,901$28,731,145$18,599,071$57,998,582
81$127,282,479$30,010,523$19,093,692$62,775,562
82$140,132,798$31,348,545$19,600,836$67,997,949
83$154,289,675$32,747,956$20,120,797$73,709,533
84$169,886,249$34,211,633$20,653,871$79,958,504
85$187,069,234$35,742,590$21,200,362$86,797,893
86$206,000,302$37,343,983$21,760,580$94,286,069
87$226,857,614$39,019,119$22,334,841$102,487,273
88$249,837,498$40,771,464$22,923,466$111,472,221
89$275,156,303$42,604,646$23,526,782$121,318,755
90$303,052,441$44,522,469$24,145,125$132,112,566
91$333,788,636$46,528,916$24,778,833$143,947,997
92$367,654,406$48,628,162$25,428,252$156,928,914
93$404,968,793$50,824,579$26,093,736$171,169,678
94$446,083,378$53,122,751$26,775,644$186,796,207
95$491,385,594$55,527,478$27,474,340$203,947,155
96$541,302,391$58,043,790$28,190,196$222,775,201
97$596,304,257$60,676,959$28,923,591$243,448,477
98$656,909,669$63,432,507$29,674,908$266,152,139
99$723,689,977$66,316,222$30,444,540$291,090,098
100$797,274,806$69,334,168$31,232,883$318,486,926