Can I retire at age 54 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$767,985$761,144$754,470$747,956$741,595$731,117
2 years$380,191$373,110$366,248$359,594$353,141$342,604
3 years$250,943$243,832$236,987$230,396$224,047$213,780
4 years$186,331$179,242$172,466$165,987$159,792$149,873
5 years$147,575$140,528$133,840$127,494$121,471$111,930
6 years$121,745$114,752$108,163$101,958$96,116$86,963
7 years$103,303$96,368$89,884$83,825$78,168$69,407
8 years$89,478$82,605$76,229$70,319$64,848$56,477
9 years$78,730$71,923$65,656$59,896$54,611$46,627
10 years$70,137$63,396$57,240$51,631$46,532$38,928
11 years$63,111$56,438$50,393$44,934$40,019$32,789
12 years$57,261$50,656$44,723$39,414$34,679$27,814
13 years$52,314$45,778$39,957$34,796$30,241$23,731
14 years$48,077$41,611$35,901$30,888$26,509$20,345
15 years$44,409$38,012$32,414$27,547$23,341$17,511
16 years$41,203$34,876$29,388$24,665$20,629$15,122
17 years$38,376$32,119$26,742$22,162$18,291$13,097
18 years$35,867$29,680$24,412$19,972$16,263$11,369
19 years$33,624$27,507$22,348$18,046$14,496$9,890
20 years$31,608$25,561$20,510$16,344$12,948$8,619
21 years$29,786$23,809$18,865$14,834$11,587$7,522
22 years$28,132$22,225$17,387$13,487$10,386$6,574
23 years$26,625$20,786$16,054$12,283$9,323$5,751
24 years$25,245$19,475$14,847$11,203$8,380$5,037
25 years$23,977$18,277$13,752$10,231$7,541$4,415
26 years$22,809$17,177$12,754$9,355$6,792$3,872
27 years$21,729$16,166$11,843$8,563$6,124$3,399
28 years$20,728$15,233$11,010$7,845$5,526$2,985
29 years$19,797$14,370$10,245$7,194$4,990$2,623
30 years$18,931$13,571$9,543$6,603$4,508$2,306
31 years$18,122$12,829$8,897$6,064$4,076$2,028
32 years$17,365$12,139$8,301$5,573$3,687$1,784
33 years$16,655$11,496$7,751$5,125$3,337$1,570
34 years$15,988$10,896$7,242$4,715$3,021$1,381
35 years$15,361$10,334$6,771$4,341$2,736$1,216
36 years$14,771$9,809$6,334$3,998$2,479$1,071
37 years$14,213$9,316$5,928$3,683$2,247$943
38 years$13,686$8,854$5,551$3,395$2,037$831
39 years$13,187$8,419$5,201$3,130$1,847$732
40 years$12,715$8,010$4,875$2,887$1,676$645
41 years$12,266$7,625$4,571$2,664$1,520$568
42 years$11,840$7,261$4,288$2,458$1,379$501
43 years$11,435$6,919$4,024$2,269$1,252$441
44 years$11,050$6,595$3,777$2,095$1,136$389
45 years$10,682$6,289$3,546$1,935$1,032$343
46 years$10,332$5,999$3,331$1,788$937$302
47 years$9,998$5,725$3,129$1,651$850$266
48 years$9,678$5,466$2,941$1,526$772$235
49 years$9,372$5,219$2,764$1,410$701$207
50 years$9,080$4,986$2,599$1,304$637$182

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,300,000, adding $4,022 every year, while hoping to spend $49,789 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: 44/49/7 Blend
53$9,300,000$9,300,000$9,300,000$9,300,000
54$10,252,749$9,759,849$9,615,699$10,683,365
55$11,245,554$10,185,106$9,884,849$11,406,884
56$12,337,957$10,629,533$10,161,348$12,185,130
57$13,540,063$11,094,015$10,445,388$13,027,427
58$14,863,009$11,579,481$10,737,168$13,939,667
59$16,319,064$12,086,903$11,036,891$14,928,313
60$17,921,747$12,617,300$11,344,766$16,000,459
61$19,685,956$13,171,738$11,661,006$17,163,892
62$21,628,103$13,751,334$11,985,830$18,427,161
63$23,766,277$14,357,256$12,319,462$19,799,653
64$26,120,405$14,990,730$12,662,132$21,291,678
65$28,712,449$15,653,038$13,014,076$22,914,559
66$31,566,605$16,345,523$13,375,534$24,680,739
67$34,709,539$17,069,593$13,746,754$26,603,887
68$38,170,630$17,826,722$14,127,989$28,699,025
69$41,982,255$18,618,452$14,519,498$30,982,665
70$46,180,091$19,446,402$14,921,546$33,472,956
71$50,803,448$20,312,263$15,334,405$36,189,848
72$55,895,646$21,217,811$15,758,355$39,155,280
73$61,504,422$22,164,904$16,193,680$42,393,373
74$67,682,377$23,155,488$16,640,672$45,930,655
75$74,487,475$24,191,602$17,099,630$49,796,302
76$81,983,589$25,275,383$17,570,860$54,022,404
77$90,241,107$26,409,069$18,054,675$58,644,265
78$99,337,591$27,595,003$18,551,397$63,700,721
79$109,358,510$28,835,644$19,061,354$69,234,501
80$120,398,050$30,133,562$19,584,882$75,292,621
81$132,560,000$31,491,456$20,122,324$81,926,818
82$145,958,732$32,912,148$20,674,033$89,194,025
83$160,720,278$34,398,600$21,240,369$97,156,900
84$176,983,526$35,953,911$21,821,701$105,884,409
85$194,901,523$37,581,330$22,418,406$115,452,458
86$214,642,925$39,284,261$23,030,869$125,944,603
87$236,393,585$41,066,272$23,659,485$137,452,822
88$260,358,311$42,931,099$24,304,657$150,078,374
89$286,762,795$44,882,659$24,966,800$163,932,735
90$315,855,746$46,925,056$25,646,334$179,138,640
91$347,911,238$49,062,589$26,343,691$195,831,222
92$383,231,293$51,299,764$27,059,314$214,159,276
93$422,148,736$53,641,305$27,793,652$234,286,641
94$465,030,337$56,092,158$28,547,169$256,393,734
95$512,280,267$58,657,509$29,320,334$280,679,229
96$564,343,920$61,342,793$30,113,631$307,361,918
97$621,712,114$64,153,704$30,927,553$336,682,752
98$684,925,725$67,096,211$31,762,601$368,907,094
99$754,580,792$70,176,569$32,619,292$404,327,206
100$831,334,145$73,401,332$33,498,149$443,264,979