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%18.4%
1 years$767,985$761,144$754,470$747,956$741,595$716,423
2 years$380,191$373,110$366,248$359,594$353,141$328,033
3 years$250,943$243,832$236,987$230,396$224,047$199,791
4 years$186,331$179,242$172,466$165,987$159,792$136,575
5 years$147,575$140,528$133,840$127,494$121,471$99,353
6 years$121,745$114,752$108,163$101,958$96,116$75,115
7 years$103,303$96,368$89,884$83,825$78,168$58,281
8 years$89,478$82,605$76,229$70,319$64,848$46,059
9 years$78,730$71,923$65,656$59,896$54,611$36,898
10 years$70,137$63,396$57,240$51,631$46,532$29,865
11 years$63,111$56,438$50,393$44,934$40,019$24,366
12 years$57,261$50,656$44,723$39,414$34,679$20,004
13 years$52,314$45,778$39,957$34,796$30,241$16,506
14 years$48,077$41,611$35,901$30,888$26,509$13,675
15 years$44,409$38,012$32,414$27,547$23,341$11,367
16 years$41,203$34,876$29,388$24,665$20,629$9,473
17 years$38,376$32,119$26,742$22,162$18,291$7,913
18 years$35,867$29,680$24,412$19,972$16,263$6,621
19 years$33,624$27,507$22,348$18,046$14,496$5,549
20 years$31,608$25,561$20,510$16,344$12,948$4,656
21 years$29,786$23,809$18,865$14,834$11,587$3,911
22 years$28,132$22,225$17,387$13,487$10,386$3,288
23 years$26,625$20,786$16,054$12,283$9,323$2,766
24 years$25,245$19,475$14,847$11,203$8,380$2,329
25 years$23,977$18,277$13,752$10,231$7,541$1,962
26 years$22,809$17,177$12,754$9,355$6,792$1,653
27 years$21,729$16,166$11,843$8,563$6,124$1,393
28 years$20,728$15,233$11,010$7,845$5,526$1,175
29 years$19,797$14,370$10,245$7,194$4,990$991
30 years$18,931$13,571$9,543$6,603$4,508$836
31 years$18,122$12,829$8,897$6,064$4,076$705
32 years$17,365$12,139$8,301$5,573$3,687$595
33 years$16,655$11,496$7,751$5,125$3,337$502
34 years$15,988$10,896$7,242$4,715$3,021$424
35 years$15,361$10,334$6,771$4,341$2,736$358
36 years$14,771$9,809$6,334$3,998$2,479$302
37 years$14,213$9,316$5,928$3,683$2,247$255
38 years$13,686$8,854$5,551$3,395$2,037$215
39 years$13,187$8,419$5,201$3,130$1,847$182
40 years$12,715$8,010$4,875$2,887$1,676$154
41 years$12,266$7,625$4,571$2,664$1,520$130
42 years$11,840$7,261$4,288$2,458$1,379$110
43 years$11,435$6,919$4,024$2,269$1,252$93
44 years$11,050$6,595$3,777$2,095$1,136$78
45 years$10,682$6,289$3,546$1,935$1,032$66
46 years$10,332$5,999$3,331$1,788$937$56
47 years$9,998$5,725$3,129$1,651$850$47
48 years$9,678$5,466$2,941$1,526$772$40
49 years$9,372$5,219$2,764$1,410$701$34
50 years$9,080$4,986$2,599$1,304$637$28

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 $5,254 every year, while hoping to spend $53,046 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: 79/5/16 Blend
53$9,300,000$9,300,000$9,300,000$9,300,000
54$10,254,020$9,761,120$9,616,970$11,028,698
55$11,243,489$10,182,974$9,882,697$11,961,645
56$12,332,106$10,623,721$10,155,549$12,977,767
57$13,529,929$11,084,231$10,435,708$14,091,210
58$14,848,038$11,565,415$10,723,360$15,311,701
59$16,298,642$12,068,225$11,018,698$16,649,950
60$17,895,196$12,593,660$11,321,916$18,117,755
61$19,652,522$13,142,765$11,633,216$19,728,109
62$21,586,954$13,716,635$11,952,804$21,495,322
63$23,716,489$14,316,416$12,280,888$23,435,158
64$26,060,958$14,943,307$12,617,685$25,564,981
65$28,642,212$15,598,566$12,963,414$27,903,915
66$31,484,330$16,283,508$13,318,301$30,473,030
67$34,613,844$16,999,512$13,682,576$33,295,533
68$38,059,988$17,748,020$14,056,474$36,396,993
69$41,854,978$18,530,545$14,440,238$39,805,573
70$46,034,313$19,348,668$14,834,113$43,552,303
71$50,637,109$20,204,049$15,238,351$47,671,364
72$55,706,470$21,098,423$15,653,212$52,200,418
73$61,289,893$22,033,609$16,078,958$57,180,953
74$67,439,719$23,011,513$16,515,860$62,658,680
75$74,213,622$24,034,129$16,964,192$68,683,960
76$81,675,157$25,103,547$17,424,239$75,312,280
77$89,894,359$26,221,956$17,896,286$82,604,772
78$98,948,401$27,391,650$18,380,630$90,628,793
79$108,922,328$28,615,031$18,877,571$99,458,556
80$119,909,853$29,894,615$19,387,418$109,175,829
81$132,014,246$31,233,039$19,910,483$119,870,706
82$145,349,304$32,633,063$20,447,090$131,642,458
83$160,040,431$34,097,581$20,997,565$144,600,462
84$176,225,816$35,629,623$21,562,244$158,865,240
85$194,057,739$37,232,365$22,141,470$174,569,587
86$213,704,011$38,909,134$22,735,592$191,859,828
87$235,349,553$40,663,414$23,344,967$210,897,193
88$259,198,144$42,498,858$23,969,960$231,859,341
89$285,474,344$44,419,290$24,610,942$254,942,031
90$314,425,612$46,428,721$25,268,294$280,360,972
91$346,324,646$48,531,350$25,942,404$308,353,852
92$381,471,951$50,731,577$26,633,665$339,182,582
93$420,198,681$53,034,015$27,342,484$373,135,766
94$462,869,759$55,443,495$28,069,270$410,531,423
95$509,887,328$57,965,080$28,814,444$451,719,984
96$561,694,542$60,604,075$29,578,435$497,087,601
97$618,779,751$63,366,041$30,361,678$547,059,785
98$681,681,111$66,256,802$31,164,620$602,105,424
99$750,991,664$69,282,464$31,987,713$662,741,203
100$827,364,933$72,449,425$32,831,421$729,536,482