Can I retire at age 54 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$801,017$793,882$786,921$780,126$773,492$752,352
2 years$396,543$389,158$382,000$375,061$368,329$347,186
3 years$261,736$254,319$247,180$240,305$233,683$213,198
4 years$194,346$186,951$179,883$173,126$166,665$146,995
5 years$153,922$146,572$139,597$132,978$126,696$107,896
6 years$126,982$119,687$112,815$106,343$100,250$82,337
7 years$107,746$100,513$93,750$87,431$81,530$64,505
8 years$93,326$86,158$79,507$73,343$67,637$51,492
9 years$82,117$75,016$68,480$62,472$56,960$41,679
10 years$73,154$66,123$59,702$53,852$48,533$34,096
11 years$65,826$58,866$52,561$46,867$41,740$28,124
12 years$59,723$52,835$46,646$41,109$36,171$23,352
13 years$54,564$47,747$41,675$36,293$31,542$19,492
14 years$50,145$43,401$37,446$32,217$27,649$16,340
15 years$46,319$39,647$33,808$28,732$24,345$13,746
16 years$42,975$36,376$30,652$25,726$21,516$11,597
17 years$40,027$33,501$27,892$23,115$19,078$9,808
18 years$37,409$30,956$25,462$20,831$16,963$8,312
19 years$35,070$28,690$23,309$18,823$15,119$7,055
20 years$32,967$26,660$21,392$17,047$13,505$5,998
21 years$31,067$24,833$19,677$15,472$12,085$5,104
22 years$29,342$23,180$18,135$14,067$10,833$4,349
23 years$27,770$21,680$16,744$12,811$9,724$3,708
24 years$26,330$20,313$15,486$11,685$8,740$3,164
25 years$25,008$19,063$14,343$10,671$7,865$2,702
26 years$23,790$17,916$13,302$9,757$7,084$2,308
27 years$22,663$16,861$12,352$8,931$6,387$1,972
28 years$21,619$15,888$11,483$8,183$5,763$1,686
29 years$20,649$14,988$10,686$7,504$5,204$1,442
30 years$19,745$14,155$9,954$6,887$4,702$1,234
31 years$18,901$13,381$9,280$6,325$4,251$1,056
32 years$18,111$12,661$8,658$5,813$3,846$904
33 years$17,371$11,990$8,084$5,345$3,480$774
34 years$16,676$11,364$7,553$4,918$3,151$662
35 years$16,022$10,779$7,062$4,527$2,854$567
36 years$15,406$10,231$6,606$4,170$2,586$486
37 years$14,824$9,717$6,183$3,842$2,344$416
38 years$14,275$9,234$5,790$3,541$2,125$356
39 years$13,754$8,781$5,425$3,265$1,927$305
40 years$13,261$8,354$5,085$3,011$1,748$261
41 years$12,794$7,953$4,768$2,778$1,586$224
42 years$12,350$7,574$4,472$2,564$1,439$192
43 years$11,927$7,216$4,197$2,367$1,306$164
44 years$11,525$6,879$3,939$2,186$1,185$141
45 years$11,142$6,559$3,699$2,018$1,076$121
46 years$10,776$6,257$3,474$1,864$977$103
47 years$10,428$5,971$3,264$1,723$887$89
48 years$10,094$5,701$3,067$1,592$806$76
49 years$9,776$5,444$2,883$1,471$732$65
50 years$9,471$5,200$2,710$1,360$665$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,700,000, adding $5,845 every year, while hoping to spend $37,889 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: 53/40/7 Blend
53$9,700,000$9,700,000$9,700,000$9,700,000
54$10,695,429$10,181,329$10,030,979$11,244,091
55$11,746,049$10,639,901$10,326,703$12,075,049
56$12,902,563$11,119,672$10,631,064$12,973,950
57$14,175,731$11,621,643$10,944,312$13,950,945
58$15,577,411$12,146,859$11,266,702$15,013,417
59$17,120,669$12,696,417$11,598,498$16,169,476
60$18,819,901$13,271,465$11,939,972$17,428,034
61$20,690,972$13,873,208$12,291,402$18,798,880
62$22,751,363$14,502,907$12,653,076$20,292,775
63$25,020,336$15,161,884$13,025,288$21,921,545
64$27,519,117$15,851,523$13,408,341$23,698,191
65$30,271,094$16,573,275$13,802,549$25,637,005
66$33,302,042$17,328,661$14,208,230$27,753,701
67$36,640,360$18,119,276$14,625,716$30,065,560
68$40,317,345$18,946,788$15,055,345$32,591,585
69$44,367,481$19,812,947$15,497,466$35,352,678
70$48,828,770$20,719,588$15,952,437$38,371,829
71$53,743,089$21,668,633$16,420,628$41,674,330
72$59,156,583$22,662,094$16,902,418$45,288,006
73$65,120,102$23,702,084$17,398,197$49,243,469
74$71,689,681$24,790,814$17,908,364$53,574,405
75$78,927,067$25,930,603$18,433,333$58,317,881
76$86,900,305$27,123,880$18,973,527$63,514,689
77$95,684,378$28,373,192$19,529,383$69,209,725
78$105,361,914$29,681,208$20,101,346$75,452,400
79$116,023,968$31,050,726$20,689,880$82,297,102
80$127,770,877$32,484,676$21,295,455$89,803,701
81$140,713,214$33,986,133$21,918,561$98,038,102
82$154,972,825$35,558,316$22,559,696$107,072,858
83$170,683,983$37,204,603$23,219,375$116,987,846
84$187,994,652$38,928,532$23,898,127$127,871,011
85$207,067,889$40,733,812$24,596,496$139,819,181
86$228,083,375$42,624,331$25,315,041$152,938,976
87$251,239,120$44,604,163$26,054,335$167,347,795
88$276,753,325$46,677,582$26,814,970$183,174,916
89$304,866,445$48,849,064$27,597,552$200,562,703
90$335,843,458$51,123,304$28,402,706$219,667,934
91$369,976,366$53,505,222$29,231,072$240,663,267
92$407,586,953$55,999,975$30,083,310$263,738,855
93$449,029,819$58,612,970$30,960,098$289,104,123
94$494,695,730$61,349,876$31,862,131$316,989,732
95$545,015,308$64,216,633$32,790,126$347,649,736
96$600,463,092$67,219,471$33,744,818$381,363,960
97$661,562,021$70,364,919$34,726,963$418,440,628
98$728,888,370$73,659,822$35,737,339$459,219,247
99$803,077,187$77,111,357$36,776,743$504,073,794
100$884,828,293$80,727,046$37,845,996$553,416,221