Can I retire at age 54 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$776,243$769,329$762,583$755,999$749,569$721,540
2 years$384,279$377,122$370,186$363,461$356,938$329,019
3 years$253,641$246,453$239,535$232,873$226,456$199,527
4 years$188,335$181,169$174,320$167,772$161,510$135,776
5 years$149,162$142,039$135,279$128,865$122,778$98,305
6 years$123,055$115,985$109,326$103,054$97,150$73,955
7 years$104,414$97,404$90,850$84,727$79,009$57,087
8 years$90,440$83,494$77,048$71,075$65,545$44,875
9 years$79,577$72,696$66,362$60,540$55,199$35,752
10 years$70,892$64,078$57,856$52,186$47,032$28,773
11 years$63,790$57,045$50,935$45,418$40,449$23,338
12 years$57,876$51,201$45,204$39,837$35,052$19,046
13 years$52,876$46,270$40,386$35,170$30,566$15,619
14 years$48,594$42,058$36,287$31,220$26,794$12,859
15 years$44,887$38,421$32,763$27,843$23,592$10,620
16 years$41,646$35,251$29,704$24,930$20,850$8,794
17 years$38,789$32,465$27,030$22,400$18,487$7,296
18 years$36,252$29,999$24,675$20,187$16,438$6,065
19 years$33,985$27,802$22,588$18,240$14,652$5,048
20 years$31,948$25,835$20,730$16,520$13,087$4,207
21 years$30,106$24,065$19,068$14,993$11,712$3,509
22 years$28,435$22,463$17,574$13,632$10,498$2,929
23 years$26,911$21,010$16,227$12,415$9,423$2,447
24 years$25,516$19,685$15,007$11,323$8,470$2,045
25 years$24,235$18,473$13,899$10,341$7,622$1,710
26 years$23,054$17,362$12,891$9,455$6,865$1,431
27 years$21,962$16,339$11,970$8,655$6,190$1,197
28 years$20,951$15,397$11,128$7,930$5,585$1,002
29 years$20,010$14,525$10,356$7,272$5,043$839
30 years$19,134$13,717$9,646$6,674$4,557$703
31 years$18,317$12,967$8,993$6,129$4,120$589
32 years$17,551$12,270$8,390$5,633$3,727$493
33 years$16,834$11,620$7,834$5,180$3,373$413
34 years$16,160$11,013$7,320$4,766$3,054$346
35 years$15,527$10,445$6,843$4,387$2,766$290
36 years$14,929$9,914$6,402$4,041$2,506$243
37 years$14,366$9,416$5,992$3,723$2,271$204
38 years$13,833$8,949$5,611$3,431$2,059$171
39 years$13,329$8,509$5,257$3,164$1,867$143
40 years$12,851$8,096$4,927$2,918$1,694$120
41 years$12,398$7,707$4,620$2,692$1,536$100
42 years$11,968$7,340$4,334$2,485$1,394$84
43 years$11,558$6,993$4,067$2,294$1,265$71
44 years$11,169$6,666$3,818$2,118$1,149$59
45 years$10,797$6,357$3,585$1,956$1,043$50
46 years$10,443$6,064$3,367$1,807$947$42
47 years$10,105$5,787$3,163$1,669$860$35
48 years$9,782$5,524$2,972$1,542$781$29
49 years$9,473$5,275$2,794$1,425$709$24
50 years$9,178$5,039$2,627$1,318$644$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,400,000, adding $2,825 every year, while hoping to spend $34,677 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: 61/26/13 Blend
53$9,400,000$9,400,000$9,400,000$9,400,000
54$10,361,714$9,863,514$9,717,814$10,960,932
55$11,381,713$10,309,930$10,006,465$11,810,290
56$12,504,589$10,777,058$10,303,623$12,732,532
57$13,740,800$11,265,877$10,609,537$13,738,054
58$15,101,868$11,777,411$10,924,463$14,834,917
59$16,600,489$12,312,735$11,248,663$16,031,983
60$18,250,654$12,872,974$11,582,408$17,339,002
61$20,067,779$13,459,308$11,925,977$18,766,693
62$22,068,850$14,072,972$12,279,655$20,326,854
63$24,272,587$14,715,261$12,643,737$22,032,458
64$26,699,615$15,387,533$13,018,527$23,897,784
65$29,372,663$16,091,211$13,404,336$25,938,539
66$32,316,778$16,827,783$13,801,484$28,172,009
67$35,559,558$17,598,813$14,210,302$30,617,217
68$39,131,415$18,405,937$14,631,129$33,295,100
69$43,065,862$19,250,870$15,064,315$36,228,700
70$47,399,828$20,135,411$15,510,218$39,443,380
71$52,174,009$21,061,444$15,969,208$42,967,060
72$57,433,247$22,030,944$16,441,665$46,830,475
73$63,226,958$23,045,980$16,927,981$51,067,459
74$69,609,596$24,108,722$17,428,557$55,715,265
75$76,641,168$25,221,443$17,943,807$60,814,904
76$84,387,800$26,386,526$18,474,157$66,411,536
77$92,922,359$27,606,469$19,020,045$72,554,885
78$102,325,144$28,883,890$19,581,920$79,299,701
79$112,684,640$30,221,533$20,160,247$86,706,280
80$124,098,359$31,622,274$20,755,501$94,841,018
81$136,673,754$33,089,127$21,368,172$103,777,034
82$150,529,236$34,625,253$21,998,764$113,594,859
83$165,795,291$36,233,964$22,647,797$124,383,181
84$182,615,715$37,918,732$23,315,802$136,239,679
85$201,148,965$39,683,198$24,003,329$149,271,940
86$221,569,660$41,531,174$24,710,940$163,598,462
87$244,070,226$43,466,663$25,439,217$179,349,766
88$268,862,714$45,493,854$26,188,756$196,669,621
89$296,180,802$47,617,144$26,960,170$215,716,392
90$326,281,998$49,841,138$27,754,091$236,664,522
91$359,450,075$52,170,667$28,571,166$259,706,174
92$395,997,747$54,610,794$29,412,064$285,053,030
93$436,269,619$57,166,825$30,277,470$312,938,282
94$480,645,446$59,844,325$31,168,091$343,618,821
95$529,543,711$62,649,127$32,084,652$377,377,648
96$583,425,581$65,587,345$33,027,899$414,526,537
97$642,799,256$68,665,391$33,998,600$455,408,963
98$708,224,771$71,889,986$34,997,544$500,403,330
99$780,319,278$75,268,176$36,025,542$549,926,534
100$859,762,876$78,807,348$37,083,429$604,437,876