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

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$801,017$793,882$786,921$780,126$773,492$742,509
2 years$396,543$389,158$382,000$375,061$368,329$337,504
3 years$261,736$254,319$247,180$240,305$233,683$203,986
4 years$194,346$186,951$179,883$173,126$166,665$138,321
5 years$153,922$146,572$139,597$132,978$126,696$99,778
6 years$126,982$119,687$112,815$106,343$100,250$74,775
7 years$107,746$100,513$93,750$87,431$81,530$57,488
8 years$93,326$86,158$79,507$73,343$67,637$45,003
9 years$82,117$75,016$68,480$62,472$56,960$35,699
10 years$73,154$66,123$59,702$53,852$48,533$28,604
11 years$65,826$58,866$52,561$46,867$41,740$23,095
12 years$59,723$52,835$46,646$41,109$36,171$18,759
13 years$54,564$47,747$41,675$36,293$31,542$15,311
14 years$50,145$43,401$37,446$32,217$27,649$12,543
15 years$46,319$39,647$33,808$28,732$24,345$10,308
16 years$42,975$36,376$30,652$25,726$21,516$8,491
17 years$40,027$33,501$27,892$23,115$19,078$7,009
18 years$37,409$30,956$25,462$20,831$16,963$5,796
19 years$35,070$28,690$23,309$18,823$15,119$4,798
20 years$32,967$26,660$21,392$17,047$13,505$3,977
21 years$31,067$24,833$19,677$15,472$12,085$3,300
22 years$29,342$23,180$18,135$14,067$10,833$2,740
23 years$27,770$21,680$16,744$12,811$9,724$2,276
24 years$26,330$20,313$15,486$11,685$8,740$1,892
25 years$25,008$19,063$14,343$10,671$7,865$1,573
26 years$23,790$17,916$13,302$9,757$7,084$1,309
27 years$22,663$16,861$12,352$8,931$6,387$1,089
28 years$21,619$15,888$11,483$8,183$5,763$906
29 years$20,649$14,988$10,686$7,504$5,204$755
30 years$19,745$14,155$9,954$6,887$4,702$628
31 years$18,901$13,381$9,280$6,325$4,251$523
32 years$18,111$12,661$8,658$5,813$3,846$436
33 years$17,371$11,990$8,084$5,345$3,480$363
34 years$16,676$11,364$7,553$4,918$3,151$302
35 years$16,022$10,779$7,062$4,527$2,854$252
36 years$15,406$10,231$6,606$4,170$2,586$210
37 years$14,824$9,717$6,183$3,842$2,344$175
38 years$14,275$9,234$5,790$3,541$2,125$146
39 years$13,754$8,781$5,425$3,265$1,927$121
40 years$13,261$8,354$5,085$3,011$1,748$101
41 years$12,794$7,953$4,768$2,778$1,586$84
42 years$12,350$7,574$4,472$2,564$1,439$70
43 years$11,927$7,216$4,197$2,367$1,306$58
44 years$11,525$6,879$3,939$2,186$1,185$49
45 years$11,142$6,559$3,699$2,018$1,076$41
46 years$10,776$6,257$3,474$1,864$977$34
47 years$10,428$5,971$3,264$1,723$887$28
48 years$10,094$5,701$3,067$1,592$806$24
49 years$9,776$5,444$2,883$1,471$732$20
50 years$9,471$5,200$2,710$1,360$665$16

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 $3,534 every year, while hoping to spend $38,834 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: 73/17/10 Blend
53$9,700,000$9,700,000$9,700,000$9,700,000
54$10,693,045$10,178,945$10,028,595$11,453,480
55$11,742,417$10,636,395$10,323,234$12,413,558
56$12,897,523$11,114,957$10,626,442$13,459,586
57$14,169,107$11,615,627$10,938,465$14,604,172
58$15,569,008$12,139,445$11,259,555$15,857,052
59$17,110,270$12,687,501$11,589,974$17,228,943
60$18,807,268$13,260,939$11,929,988$18,731,638
61$20,675,839$13,860,955$12,279,873$20,378,122
62$22,733,437$14,488,804$12,639,911$22,182,686
63$24,999,293$15,145,801$13,010,393$24,161,068
64$27,494,598$15,833,322$13,391,619$26,330,590
65$30,242,704$16,552,812$13,783,894$28,710,327
66$33,269,342$17,305,781$14,187,537$31,321,283
67$36,602,865$18,093,816$14,602,870$34,186,582
68$40,274,520$18,918,575$15,030,229$37,331,691
69$44,318,736$19,781,800$15,469,957$40,784,654
70$48,773,453$20,685,314$15,922,406$44,576,352
71$53,680,478$21,631,027$16,387,939$48,740,798
72$59,085,882$22,620,943$16,866,931$53,315,449
73$65,040,432$23,657,159$17,359,763$58,341,559
74$71,600,072$24,741,876$17,866,830$63,864,566
75$78,826,449$25,877,397$18,388,538$69,934,515
76$86,787,495$27,066,138$18,925,303$76,606,530
77$95,558,073$28,310,632$19,477,554$83,941,329
78$105,220,674$29,613,530$20,045,729$92,005,794
79$115,866,204$30,977,615$20,630,283$100,873,596
80$127,594,838$32,405,799$21,231,679$110,625,892
81$140,516,967$33,901,139$21,850,396$121,352,080
82$154,754,238$35,466,835$22,486,924$133,150,642
83$170,440,704$37,106,244$23,141,770$146,130,069
84$187,724,087$38,822,881$23,815,451$160,409,880
85$206,767,176$40,620,435$24,508,500$176,121,743
86$227,749,360$42,502,768$25,221,467$193,410,717
87$250,868,323$44,473,931$25,954,914$212,436,610
88$276,341,909$46,538,171$26,709,421$233,375,487
89$304,410,178$48,699,936$27,485,581$256,421,323
90$335,337,675$50,963,891$28,284,006$281,787,827
91$369,415,922$53,334,926$29,105,325$309,710,456
92$406,966,176$55,818,167$29,950,183$340,448,628
93$448,342,455$58,418,987$30,819,244$374,288,164
94$493,934,885$61,143,017$31,713,188$411,543,980
95$544,173,381$63,996,162$32,632,717$452,563,051
96$599,531,702$66,984,610$33,578,549$497,727,676
97$660,531,931$70,114,851$34,551,426$547,459,082
98$727,749,394$73,393,686$35,552,105$602,221,390
99$801,818,100$76,828,244$36,581,368$662,525,986
100$883,436,719$80,426,001$37,640,017$728,936,338