Can I retire at age 54 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$784,501$777,513$770,696$764,041$757,543$747,767
2 years$388,367$381,134$374,124$367,327$360,735$350,900
3 years$256,339$249,075$242,083$235,350$228,865$219,276
4 years$190,339$183,097$176,174$169,557$163,228$153,960
5 years$150,748$143,550$136,719$130,236$124,084$115,163
6 years$124,364$117,219$110,489$104,151$98,183$89,620
7 years$105,525$98,441$91,817$85,628$79,849$71,647
8 years$91,402$84,382$77,868$71,831$66,243$58,401
9 years$80,423$73,470$67,068$61,184$55,786$48,301
10 years$71,646$64,760$58,471$52,741$47,532$40,399
11 years$64,469$57,652$51,477$45,901$40,879$34,092
12 years$58,492$51,745$45,685$40,261$35,425$28,975
13 years$53,439$46,763$40,816$35,545$30,891$24,770
14 years$49,111$42,506$36,673$31,552$27,079$21,278
15 years$45,364$38,830$33,111$28,139$23,843$18,352
16 years$42,089$35,626$30,020$25,196$21,072$15,881
17 years$39,201$32,810$27,317$22,638$18,684$13,783
18 years$36,638$30,318$24,937$20,401$16,613$11,991
19 years$34,347$28,098$22,829$18,434$14,808$10,454
20 years$32,287$26,110$20,951$16,696$13,226$9,130
21 years$30,427$24,321$19,271$15,153$11,836$7,987
22 years$28,737$22,702$17,761$13,777$10,609$6,995
23 years$27,197$21,233$16,399$12,547$9,524$6,134
24 years$25,787$19,894$15,167$11,444$8,560$5,385
25 years$24,492$18,670$14,047$10,451$7,703$4,731
26 years$23,299$17,546$13,028$9,556$6,938$4,160
27 years$22,196$16,513$12,098$8,747$6,256$3,660
28 years$21,173$15,560$11,246$8,014$5,644$3,222
29 years$20,223$14,679$10,466$7,349$5,097$2,838
30 years$19,338$13,863$9,748$6,745$4,605$2,501
31 years$18,511$13,105$9,088$6,194$4,164$2,205
32 years$17,738$12,400$8,479$5,693$3,766$1,944
33 years$17,013$11,743$7,917$5,235$3,408$1,715
34 years$16,332$11,130$7,397$4,817$3,086$1,513
35 years$15,692$10,557$6,916$4,434$2,795$1,336
36 years$15,088$10,020$6,470$4,084$2,533$1,179
37 years$14,519$9,516$6,056$3,762$2,295$1,041
38 years$13,980$9,044$5,671$3,468$2,081$919
39 years$13,471$8,600$5,313$3,198$1,887$812
40 years$12,988$8,182$4,980$2,949$1,712$717
41 years$12,530$7,789$4,670$2,721$1,553$634
42 years$12,095$7,418$4,380$2,511$1,409$560
43 years$11,681$7,068$4,110$2,318$1,279$495
44 years$11,287$6,737$3,858$2,140$1,161$437
45 years$10,912$6,424$3,623$1,977$1,054$386
46 years$10,554$6,128$3,403$1,826$957$341
47 years$10,213$5,848$3,197$1,687$869$302
48 years$9,886$5,583$3,004$1,559$789$267
49 years$9,574$5,332$2,823$1,441$717$236
50 years$9,275$5,093$2,654$1,332$651$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,500,000, adding $6,847 every year, while hoping to spend $44,182 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: 36/46/18 Blend
53$9,500,000$9,500,000$9,500,000$9,500,000
54$10,476,063$9,972,563$9,825,313$10,795,566
55$11,497,612$10,414,209$10,107,451$11,469,963
56$12,621,878$10,876,015$10,397,561$12,192,888
57$13,859,292$11,358,922$10,695,862$12,972,410
58$15,221,347$11,863,916$11,002,580$13,813,605
59$16,720,706$12,392,030$11,317,948$14,722,041
60$18,371,323$12,944,345$11,642,205$15,703,819
61$20,188,574$13,521,994$11,975,595$16,765,631
62$22,189,402$14,126,164$12,318,370$17,914,818
63$24,392,473$14,758,099$12,670,788$19,159,435
64$26,818,360$15,419,101$13,033,114$20,508,320
65$29,489,730$16,110,534$13,405,621$21,971,176
66$32,431,561$16,833,828$13,788,587$23,558,652
67$35,671,375$17,590,481$14,182,300$25,282,445
68$39,239,503$18,382,061$14,587,054$27,155,398
69$43,169,362$19,210,213$15,003,151$29,191,620
70$47,497,782$20,076,658$15,430,901$31,406,609
71$52,265,343$20,983,201$15,870,623$33,817,394
72$57,516,762$21,931,733$16,322,643$36,442,690
73$63,301,318$22,924,233$16,787,298$39,303,063
74$69,673,310$23,962,779$17,264,930$42,421,123
75$76,692,576$25,049,543$17,755,894$45,821,722
76$84,425,054$26,186,806$18,260,551$49,532,186
77$92,943,404$27,376,954$18,779,275$53,582,564
78$102,327,697$28,622,490$19,312,446$58,005,898
79$112,666,165$29,926,036$19,860,456$62,838,532
80$124,056,040$31,290,337$20,423,707$68,120,438
81$136,604,467$32,718,275$21,002,612$73,895,591
82$150,429,517$34,212,864$21,597,594$80,212,365
83$165,661,301$35,777,268$22,209,086$87,123,985
84$182,443,198$37,414,798$22,837,535$94,689,013
85$200,933,208$39,128,928$23,483,397$102,971,894
86$221,305,445$40,923,295$24,147,140$112,043,543
87$243,751,777$42,801,713$24,829,246$121,982,008
88$268,483,640$44,768,178$25,530,207$132,873,192
89$295,734,032$46,826,880$26,250,530$144,811,644
90$325,759,714$48,982,207$26,990,733$157,901,442
91$358,843,630$51,238,761$27,751,349$172,257,154
92$395,297,584$53,601,364$28,532,922$188,004,908
93$435,465,176$56,075,069$29,336,013$205,283,561
94$479,725,050$58,665,174$30,161,196$224,245,990
95$528,494,468$61,377,230$31,009,059$245,060,521
96$582,233,246$64,217,057$31,880,205$267,912,493
97$641,448,099$67,190,754$32,775,253$293,005,988
98$706,697,419$70,304,715$33,694,838$320,565,735
99$778,596,551$73,565,641$34,639,610$350,839,208
100$857,823,597$76,980,556$35,610,236$384,098,939