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%15.7%
1 years$776,243$769,329$762,583$755,999$749,569$732,043
2 years$384,279$377,122$370,186$363,461$356,938$339,380
3 years$253,641$246,453$239,535$232,873$226,456$209,416
4 years$188,335$181,169$174,320$167,772$161,510$145,118
5 years$149,162$142,039$135,279$128,865$122,778$107,079
6 years$123,055$115,985$109,326$103,054$97,150$82,162
7 years$104,414$97,404$90,850$84,727$79,009$64,733
8 years$90,440$83,494$77,048$71,075$65,545$51,977
9 years$79,577$72,696$66,362$60,540$55,199$42,326
10 years$70,892$64,078$57,856$52,186$47,032$34,842
11 years$63,790$57,045$50,935$45,418$40,449$28,924
12 years$57,876$51,201$45,204$39,837$35,052$24,174
13 years$52,876$46,270$40,386$35,170$30,566$20,314
14 years$48,594$42,058$36,287$31,220$26,794$17,146
15 years$44,887$38,421$32,763$27,843$23,592$14,525
16 years$41,646$35,251$29,704$24,930$20,850$12,343
17 years$38,789$32,465$27,030$22,400$18,487$10,514
18 years$36,252$29,999$24,675$20,187$16,438$8,976
19 years$33,985$27,802$22,588$18,240$14,652$7,677
20 years$31,948$25,835$20,730$16,520$13,087$6,576
21 years$30,106$24,065$19,068$14,993$11,712$5,639
22 years$28,435$22,463$17,574$13,632$10,498$4,842
23 years$26,911$21,010$16,227$12,415$9,423$4,161
24 years$25,516$19,685$15,007$11,323$8,470$3,579
25 years$24,235$18,473$13,899$10,341$7,622$3,080
26 years$23,054$17,362$12,891$9,455$6,865$2,653
27 years$21,962$16,339$11,970$8,655$6,190$2,286
28 years$20,951$15,397$11,128$7,930$5,585$1,970
29 years$20,010$14,525$10,356$7,272$5,043$1,699
30 years$19,134$13,717$9,646$6,674$4,557$1,465
31 years$18,317$12,967$8,993$6,129$4,120$1,264
32 years$17,551$12,270$8,390$5,633$3,727$1,091
33 years$16,834$11,620$7,834$5,180$3,373$942
34 years$16,160$11,013$7,320$4,766$3,054$813
35 years$15,527$10,445$6,843$4,387$2,766$702
36 years$14,929$9,914$6,402$4,041$2,506$606
37 years$14,366$9,416$5,992$3,723$2,271$524
38 years$13,833$8,949$5,611$3,431$2,059$452
39 years$13,329$8,509$5,257$3,164$1,867$391
40 years$12,851$8,096$4,927$2,918$1,694$338
41 years$12,398$7,707$4,620$2,692$1,536$292
42 years$11,968$7,340$4,334$2,485$1,394$252
43 years$11,558$6,993$4,067$2,294$1,265$218
44 years$11,169$6,666$3,818$2,118$1,149$188
45 years$10,797$6,357$3,585$1,956$1,043$163
46 years$10,443$6,064$3,367$1,807$947$140
47 years$10,105$5,787$3,163$1,669$860$121
48 years$9,782$5,524$2,972$1,542$781$105
49 years$9,473$5,275$2,794$1,425$709$91
50 years$9,178$5,039$2,627$1,318$644$78

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 $3,687 every year, while hoping to spend $45,946 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: 67/6/27 Blend
53$9,400,000$9,400,000$9,400,000$9,400,000
54$10,362,603$9,864,403$9,718,703$10,983,640
55$11,370,702$10,298,873$9,995,394$11,836,747
56$12,480,088$10,753,091$10,279,813$12,763,929
57$13,701,042$11,227,978$10,572,172$13,777,007
58$15,044,896$11,724,496$10,872,687$14,884,467
59$16,524,132$12,243,654$11,181,579$16,095,652
60$18,152,507$12,786,506$11,499,076$17,420,850
61$19,945,178$13,354,160$11,825,410$18,871,385
62$21,918,847$13,947,775$12,160,822$20,459,730
63$24,091,917$14,568,563$12,505,557$22,199,617
64$26,484,666$15,217,796$12,859,866$24,106,169
65$29,119,440$15,896,806$13,224,010$26,196,041
66$32,020,861$16,606,988$13,598,252$28,487,574
67$35,216,061$17,349,803$13,982,866$31,000,969
68$38,734,937$18,126,781$14,378,130$33,758,475
69$42,610,434$18,939,526$14,784,331$36,784,597
70$46,878,854$19,789,719$15,201,762$40,106,327
71$51,580,201$20,679,119$15,630,725$43,753,395
72$56,758,557$21,609,571$16,071,529$47,758,552
73$62,462,495$22,583,006$16,524,491$52,157,872
74$68,745,544$23,601,447$16,989,936$56,991,095
75$75,666,688$24,667,017$17,468,197$62,301,999
76$83,290,926$25,781,936$17,959,617$68,138,810
77$91,689,881$26,948,532$18,464,545$74,554,656
78$100,942,484$28,169,245$18,983,343$81,608,067
79$111,135,710$29,446,631$19,516,377$89,363,525
80$122,365,403$30,783,366$20,064,026$97,892,070
81$134,737,181$32,182,258$20,626,678$107,271,968
82$148,367,432$33,646,247$21,204,730$117,589,450
83$163,384,410$35,178,413$21,798,589$128,939,520
84$179,929,451$36,781,986$22,408,672$141,426,849
85$198,158,300$38,460,349$23,035,408$155,166,766
86$218,242,587$40,217,047$23,679,235$170,286,335
87$240,371,444$42,055,795$24,340,602$186,925,561
88$264,753,290$43,980,488$25,019,971$205,238,702
89$291,617,799$45,995,205$25,717,813$225,395,723
90$321,218,068$48,104,223$26,434,613$247,583,901
91$353,833,004$50,312,023$27,170,866$272,009,587
92$389,769,961$52,623,303$27,927,081$298,900,147
93$429,367,636$55,042,984$28,703,777$328,506,112
94$472,999,270$57,576,225$29,501,489$361,103,534
95$521,076,169$60,228,433$30,320,762$396,996,590
96$574,051,587$63,005,276$31,162,156$436,520,450
97$632,425,006$65,912,691$32,026,245$480,044,433
98$696,746,848$68,956,905$32,913,616$527,975,497
99$767,623,675$72,144,441$33,824,871$580,762,067
100$845,723,911$75,482,139$34,760,624$638,898,271