Can I retire at age 54 with 9,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$792,759$785,698$778,808$772,084$765,517$756,265
2 years$392,455$385,146$378,062$371,194$364,532$355,221
3 years$259,038$251,697$244,631$237,828$231,274$222,193
4 years$192,342$185,024$178,029$171,341$164,947$156,166
5 years$152,335$145,061$138,158$131,607$125,390$116,935
6 years$125,673$118,453$111,652$105,247$99,217$91,097
7 years$106,636$99,477$92,783$86,529$80,690$72,910
8 years$92,364$85,270$78,688$72,587$66,940$59,498
9 years$81,270$74,243$67,774$61,828$56,373$49,267
10 years$72,400$65,441$59,087$53,297$48,033$41,257
11 years$65,147$58,259$52,019$46,384$41,310$34,859
12 years$59,108$52,290$46,165$40,685$35,798$29,665
13 years$54,001$47,255$41,246$35,919$31,217$25,393
14 years$49,628$42,953$37,060$31,885$27,364$21,842
15 years$45,842$39,239$33,460$28,435$24,094$18,864
16 years$42,532$36,001$30,336$25,461$21,294$16,347
17 years$39,614$33,155$27,605$22,876$18,881$14,207
18 years$37,024$30,637$25,200$20,616$16,788$12,378
19 years$34,708$28,394$23,069$18,629$14,963$10,807
20 years$32,627$26,385$21,172$16,872$13,366$9,453
21 years$30,747$24,577$19,474$15,312$11,961$8,281
22 years$29,040$22,941$17,948$13,922$10,721$7,264
23 years$27,483$21,457$16,572$12,679$9,624$6,380
24 years$26,059$20,104$15,326$11,564$8,650$5,609
25 years$24,750$18,866$14,195$10,561$7,784$4,936
26 years$23,544$17,731$13,165$9,657$7,011$4,347
27 years$22,430$16,687$12,225$8,839$6,321$3,830
28 years$21,396$15,724$11,365$8,098$5,704$3,378
29 years$20,436$14,834$10,576$7,426$5,150$2,980
30 years$19,541$14,009$9,851$6,816$4,654$2,630
31 years$18,706$13,243$9,184$6,260$4,207$2,323
32 years$17,925$12,531$8,569$5,753$3,806$2,052
33 years$17,192$11,867$8,001$5,290$3,444$1,813
34 years$16,504$11,247$7,475$4,867$3,118$1,602
35 years$15,857$10,668$6,989$4,481$2,825$1,417
36 years$15,247$10,125$6,538$4,127$2,559$1,253
37 years$14,671$9,617$6,119$3,802$2,319$1,108
38 years$14,127$9,139$5,731$3,504$2,103$980
39 years$13,613$8,690$5,369$3,231$1,907$867
40 years$13,125$8,268$5,032$2,980$1,730$767
41 years$12,662$7,871$4,719$2,750$1,569$679
42 years$12,222$7,496$4,426$2,538$1,424$601
43 years$11,804$7,142$4,153$2,343$1,292$532
44 years$11,406$6,808$3,899$2,163$1,173$471
45 years$11,027$6,492$3,661$1,998$1,065$417
46 years$10,665$6,193$3,438$1,845$967$369
47 years$10,320$5,910$3,230$1,705$878$327
48 years$9,990$5,642$3,036$1,575$797$289
49 years$9,675$5,388$2,853$1,456$724$256
50 years$9,373$5,146$2,682$1,346$658$227

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,600,000, adding $4,288 every year, while hoping to spend $48,387 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: 44/38/18 Blend
53$9,600,000$9,600,000$9,600,000$9,600,000
54$10,583,623$10,074,823$9,926,023$10,994,044
55$11,611,669$10,517,006$10,207,061$11,724,954
56$12,742,954$10,979,234$10,495,893$12,511,589
57$13,987,958$11,462,439$10,792,727$13,363,218
58$15,358,226$11,967,595$11,097,780$14,285,868
59$16,866,482$12,495,724$11,411,273$15,286,157
60$18,526,744$13,047,895$11,733,431$16,371,350
61$20,354,459$13,625,229$12,064,488$17,549,427
62$22,366,647$14,228,899$12,404,682$18,829,154
63$24,582,064$14,860,133$12,754,258$20,220,160
64$27,021,374$15,520,220$13,113,465$21,733,024
65$29,707,351$16,210,507$13,482,563$23,379,375
66$32,665,086$16,932,407$13,861,814$25,171,991
67$35,922,228$17,687,399$14,251,488$27,124,919
68$39,509,247$18,477,032$14,651,864$29,253,602
69$43,459,714$19,302,931$15,063,226$31,575,018
70$47,810,625$20,166,795$15,485,864$34,107,839
71$52,602,747$21,070,406$15,920,079$36,872,597
72$57,881,001$22,015,630$16,366,176$39,891,875
73$63,694,890$23,004,423$16,824,469$43,190,513
74$70,098,962$24,038,832$17,295,282$46,795,838
75$77,153,325$25,121,004$17,778,943$50,737,912
76$84,924,218$26,253,187$18,275,791$55,049,811
77$93,484,631$27,437,736$18,786,173$59,767,932
78$102,914,998$28,677,120$19,310,444$64,932,325
79$113,303,953$29,973,924$19,848,969$70,587,066
80$124,749,168$31,330,858$20,402,121$76,780,662
81$137,358,273$32,750,760$20,970,282$83,566,506
82$151,249,874$34,236,605$21,553,844$91,003,366
83$166,554,672$35,791,509$22,153,209$99,155,933
84$183,416,695$37,418,739$22,768,788$108,095,422
85$201,994,658$39,121,717$23,401,002$117,900,234
86$222,463,461$40,904,029$24,050,284$128,656,684
87$245,015,840$42,769,433$24,717,074$140,459,807
88$269,864,187$44,721,867$25,401,827$153,414,241
89$297,242,552$46,765,456$26,105,007$167,635,205
90$327,408,856$48,904,527$26,827,088$183,249,570
91$360,647,320$51,143,610$27,568,556$200,397,050
92$397,271,155$53,487,455$28,329,911$219,231,497
93$437,625,512$55,941,039$29,111,662$239,922,350
94$482,090,744$58,509,579$29,914,332$262,656,210
95$531,085,993$61,198,542$30,738,456$287,638,591
96$585,073,150$64,013,657$31,584,580$315,095,839
97$644,561,214$66,960,928$32,453,266$345,277,256
98$710,111,094$70,046,650$33,345,086$378,457,433
99$782,340,907$73,277,418$34,260,629$414,938,820
100$861,931,814$76,660,146$35,200,494$455,054,566