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%12.7%
1 years$784,501$777,513$770,696$764,041$757,543$749,009
2 years$388,367$381,134$374,124$367,327$360,735$352,143
3 years$256,339$249,075$242,083$235,350$228,865$220,483
4 years$190,339$183,097$176,174$169,557$163,228$155,120
5 years$150,748$143,550$136,719$130,236$124,084$116,273
6 years$124,364$117,219$110,489$104,151$98,183$90,680
7 years$105,525$98,441$91,817$85,628$79,849$72,656
8 years$91,402$84,382$77,868$71,831$66,243$59,360
9 years$80,423$73,470$67,068$61,184$55,786$49,210
10 years$71,646$64,760$58,471$52,741$47,532$41,259
11 years$64,469$57,652$51,477$45,901$40,879$34,904
12 years$58,492$51,745$45,685$40,261$35,425$29,741
13 years$53,439$46,763$40,816$35,545$30,891$25,491
14 years$49,111$42,506$36,673$31,552$27,079$21,956
15 years$45,364$38,830$33,111$28,139$23,843$18,988
16 years$42,089$35,626$30,020$25,196$21,072$16,477
17 years$39,201$32,810$27,317$22,638$18,684$14,341
18 years$36,638$30,318$24,937$20,401$16,613$12,512
19 years$34,347$28,098$22,829$18,434$14,808$10,940
20 years$32,287$26,110$20,951$16,696$13,226$9,583
21 years$30,427$24,321$19,271$15,153$11,836$8,408
22 years$28,737$22,702$17,761$13,777$10,609$7,387
23 years$27,197$21,233$16,399$12,547$9,524$6,497
24 years$25,787$19,894$15,167$11,444$8,560$5,721
25 years$24,492$18,670$14,047$10,451$7,703$5,042
26 years$23,299$17,546$13,028$9,556$6,938$4,447
27 years$22,196$16,513$12,098$8,747$6,256$3,926
28 years$21,173$15,560$11,246$8,014$5,644$3,467
29 years$20,223$14,679$10,466$7,349$5,097$3,064
30 years$19,338$13,863$9,748$6,745$4,605$2,709
31 years$18,511$13,105$9,088$6,194$4,164$2,396
32 years$17,738$12,400$8,479$5,693$3,766$2,120
33 years$17,013$11,743$7,917$5,235$3,408$1,876
34 years$16,332$11,130$7,397$4,817$3,086$1,661
35 years$15,692$10,557$6,916$4,434$2,795$1,471
36 years$15,088$10,020$6,470$4,084$2,533$1,303
37 years$14,519$9,516$6,056$3,762$2,295$1,154
38 years$13,980$9,044$5,671$3,468$2,081$1,023
39 years$13,471$8,600$5,313$3,198$1,887$907
40 years$12,988$8,182$4,980$2,949$1,712$804
41 years$12,530$7,789$4,670$2,721$1,553$712
42 years$12,095$7,418$4,380$2,511$1,409$631
43 years$11,681$7,068$4,110$2,318$1,279$560
44 years$11,287$6,737$3,858$2,140$1,161$496
45 years$10,912$6,424$3,623$1,977$1,054$440
46 years$10,554$6,128$3,403$1,826$957$390
47 years$10,213$5,848$3,197$1,687$869$346
48 years$9,886$5,583$3,004$1,559$789$307
49 years$9,574$5,332$2,823$1,441$717$272
50 years$9,275$5,093$2,654$1,332$651$242

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 $2,164 every year, while hoping to spend $35,307 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: 43/40/17 Blend
53$9,500,000$9,500,000$9,500,000$9,500,000
54$10,471,232$9,967,732$9,820,482$10,869,614
55$11,501,731$10,418,585$10,111,902$11,601,057
56$12,636,158$10,890,346$10,411,901$12,389,358
57$13,885,076$11,384,002$10,720,729$13,242,652
58$15,260,125$11,900,589$11,038,644$14,166,936
59$16,774,129$12,441,190$11,365,911$15,168,787
60$18,441,223$13,006,940$11,702,801$16,255,427
61$20,276,978$13,599,031$12,049,595$17,434,785
62$22,298,554$14,218,708$12,406,582$18,715,565
63$24,524,862$14,867,280$12,774,057$20,107,329
64$26,976,736$15,546,115$13,152,326$21,620,578
65$29,677,137$16,256,648$13,541,703$23,266,850
66$32,651,365$17,000,384$13,942,510$25,058,820
67$35,927,300$17,778,899$14,355,080$27,010,421
68$39,535,664$18,593,844$14,779,754$29,136,963
69$43,510,309$19,446,950$15,216,884$31,455,276
70$47,888,542$20,340,032$15,666,831$33,983,862
71$52,711,470$21,274,990$16,129,966$36,743,065
72$58,024,393$22,253,818$16,606,674$39,755,252
73$63,877,230$23,278,603$17,097,346$43,045,024
74$70,324,988$24,351,535$17,602,387$46,639,437
75$77,428,283$25,474,908$18,122,214$50,568,251
76$85,253,915$26,651,125$18,657,255$54,864,202
77$93,875,492$27,882,707$19,207,950$59,563,305
78$103,374,128$29,172,296$19,774,753$64,705,186
79$113,839,210$30,522,659$20,358,128$70,333,446
80$125,369,239$31,936,700$20,958,555$76,496,061
81$138,072,762$33,417,459$21,576,527$83,245,831
82$152,069,394$34,968,124$22,212,551$90,640,864
83$167,490,949$36,592,039$22,867,148$98,745,115
84$184,482,682$38,292,705$23,540,854$107,628,979
85$203,204,663$40,073,795$24,234,220$117,369,945
86$223,833,286$41,939,158$24,947,814$128,053,312
87$246,562,933$43,892,829$25,682,217$139,772,988
88$271,607,812$45,939,037$26,438,031$152,632,357
89$299,203,975$48,082,217$27,215,872$166,745,244
90$329,611,551$50,327,015$28,016,374$182,236,974
91$363,117,195$52,678,305$28,840,188$199,245,542
92$400,036,801$55,141,194$29,687,987$217,922,899
93$440,718,479$57,721,037$30,560,458$238,436,367
94$485,545,842$60,423,446$31,458,312$260,970,207
95$534,941,630$63,254,307$32,382,278$285,727,335
96$589,371,697$66,219,789$33,333,105$312,931,221
97$649,349,411$69,326,359$34,311,564$342,827,979
98$715,440,498$72,580,797$35,318,448$375,688,670
99$788,268,385$75,990,213$36,354,573$411,811,836
100$868,520,085$79,562,058$37,420,776$451,526,299