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

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$792,759$785,698$778,808$772,084$765,517$757,208
2 years$392,455$385,146$378,062$371,194$364,532$356,166
3 years$259,038$251,697$244,631$237,828$231,274$223,110
4 years$192,342$185,024$178,029$171,341$164,947$157,048
5 years$152,335$145,061$138,158$131,607$125,390$117,780
6 years$125,673$118,453$111,652$105,247$99,217$91,905
7 years$106,636$99,477$92,783$86,529$80,690$73,678
8 years$92,364$85,270$78,688$72,587$66,940$60,229
9 years$81,270$74,243$67,774$61,828$56,373$49,960
10 years$72,400$65,441$59,087$53,297$48,033$41,914
11 years$65,147$58,259$52,019$46,384$41,310$35,479
12 years$59,108$52,290$46,165$40,685$35,798$30,250
13 years$54,001$47,255$41,246$35,919$31,217$25,945
14 years$49,628$42,953$37,060$31,885$27,364$22,361
15 years$45,842$39,239$33,460$28,435$24,094$19,351
16 years$42,532$36,001$30,336$25,461$21,294$16,805
17 years$39,614$33,155$27,605$22,876$18,881$14,636
18 years$37,024$30,637$25,200$20,616$16,788$12,779
19 years$34,708$28,394$23,069$18,629$14,963$11,181
20 years$32,627$26,385$21,172$16,872$13,366$9,801
21 years$30,747$24,577$19,474$15,312$11,961$8,606
22 years$29,040$22,941$17,948$13,922$10,721$7,566
23 years$27,483$21,457$16,572$12,679$9,624$6,661
24 years$26,059$20,104$15,326$11,564$8,650$5,869
25 years$24,750$18,866$14,195$10,561$7,784$5,177
26 years$23,544$17,731$13,165$9,657$7,011$4,570
27 years$22,430$16,687$12,225$8,839$6,321$4,037
28 years$21,396$15,724$11,365$8,098$5,704$3,568
29 years$20,436$14,834$10,576$7,426$5,150$3,156
30 years$19,541$14,009$9,851$6,816$4,654$2,792
31 years$18,706$13,243$9,184$6,260$4,207$2,472
32 years$17,925$12,531$8,569$5,753$3,806$2,189
33 years$17,192$11,867$8,001$5,290$3,444$1,939
34 years$16,504$11,247$7,475$4,867$3,118$1,718
35 years$15,857$10,668$6,989$4,481$2,825$1,523
36 years$15,247$10,125$6,538$4,127$2,559$1,350
37 years$14,671$9,617$6,119$3,802$2,319$1,197
38 years$14,127$9,139$5,731$3,504$2,103$1,062
39 years$13,613$8,690$5,369$3,231$1,907$942
40 years$13,125$8,268$5,032$2,980$1,730$835
41 years$12,662$7,871$4,719$2,750$1,569$741
42 years$12,222$7,496$4,426$2,538$1,424$658
43 years$11,804$7,142$4,153$2,343$1,292$584
44 years$11,406$6,808$3,899$2,163$1,173$518
45 years$11,027$6,492$3,661$1,998$1,065$460
46 years$10,665$6,193$3,438$1,845$967$408
47 years$10,320$5,910$3,230$1,705$878$362
48 years$9,990$5,642$3,036$1,575$797$322
49 years$9,675$5,388$2,853$1,456$724$285
50 years$9,373$5,146$2,682$1,346$658$253

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 $3,174 every year, while hoping to spend $27,684 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: 32/44/24 Blend
53$9,600,000$9,600,000$9,600,000$9,600,000
54$10,582,474$10,073,674$9,924,874$10,842,971
55$11,632,431$10,537,828$10,227,902$11,504,663
56$12,788,555$11,023,799$10,540,153$12,214,171
57$14,061,647$11,532,624$10,861,908$12,977,836
58$15,463,608$12,065,395$11,193,454$13,800,427
59$17,007,550$12,623,253$11,535,088$14,687,170
60$18,707,923$13,207,396$11,887,118$15,643,789
61$20,580,652$13,819,079$12,249,856$16,676,558
62$22,643,281$14,459,616$12,623,629$17,792,350
63$24,915,145$15,130,387$13,008,770$18,998,703
64$27,417,550$15,832,837$13,405,624$20,303,884
65$30,173,974$16,568,479$13,814,546$21,716,958
66$33,210,288$17,338,904$14,235,902$23,247,872
67$36,555,001$18,145,774$14,670,069$24,907,543
68$40,239,529$18,990,834$15,117,433$26,707,948
69$44,298,489$19,875,913$15,578,396$28,662,241
70$48,770,032$20,802,930$16,053,369$30,784,861
71$53,696,194$21,773,892$16,542,776$33,091,665
72$59,123,301$22,790,908$17,047,054$35,600,069
73$65,102,400$23,856,185$17,566,653$38,329,208
74$71,689,746$24,972,040$18,102,037$41,300,101
75$78,947,329$26,140,899$18,653,684$44,535,848
76$86,943,461$27,365,306$19,222,086$48,061,835
77$95,753,417$28,647,930$19,807,750$51,905,965
78$105,460,154$29,991,567$20,411,198$56,098,911
79$116,155,085$31,399,148$21,032,968$60,674,397
80$127,938,945$32,873,748$21,673,614$65,669,501
81$140,922,744$34,418,589$22,333,707$71,124,999
82$155,228,813$36,037,048$23,013,835$77,085,735
83$170,991,956$37,732,669$23,714,603$83,601,033
84$188,360,730$39,509,163$24,436,636$90,725,147
85$207,498,838$41,370,425$25,180,577$98,517,762
86$228,586,679$43,320,537$25,947,086$107,044,544
87$251,823,055$45,363,777$26,736,848$116,377,740
88$277,427,037$47,504,632$27,550,563$126,596,852
89$305,640,043$49,747,808$28,388,955$137,789,362
90$336,728,112$52,098,236$29,252,770$150,051,549
91$370,984,418$54,561,087$30,142,776$163,489,374
92$408,732,032$57,141,784$31,059,763$178,219,465
93$450,326,981$59,846,013$32,004,546$194,370,197
94$496,161,599$62,679,733$32,977,964$212,082,883
95$546,668,237$65,649,196$33,980,882$231,513,087
96$602,323,345$68,760,954$35,014,189$252,832,068
97$663,651,965$72,021,880$36,078,803$276,228,378
98$731,232,691$75,439,177$37,175,668$301,909,612
99$805,703,129$79,020,401$38,305,757$330,104,343
100$887,765,921$82,773,473$39,470,072$361,064,257