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%15.4%
1 years$801,017$793,882$786,921$780,126$773,492$756,329
2 years$396,543$389,158$382,000$375,061$368,329$351,128
3 years$261,736$254,319$247,180$240,305$233,683$216,980
4 years$194,346$186,951$179,883$173,126$166,665$150,588
5 years$153,922$146,572$139,597$132,978$126,696$111,291
6 years$126,982$119,687$112,815$106,343$100,250$85,533
7 years$107,746$100,513$93,750$87,431$81,530$67,503
8 years$93,326$86,158$79,507$73,343$67,637$54,296
9 years$82,117$75,016$68,480$62,472$56,960$44,295
10 years$73,154$66,123$59,702$53,852$48,533$36,530
11 years$65,826$58,866$52,561$46,867$41,740$30,383
12 years$59,723$52,835$46,646$41,109$36,171$25,443
13 years$54,564$47,747$41,675$36,293$31,542$21,423
14 years$50,145$43,401$37,446$32,217$27,649$18,119
15 years$46,319$39,647$33,808$28,732$24,345$15,382
16 years$42,975$36,376$30,652$25,726$21,516$13,099
17 years$40,027$33,501$27,892$23,115$19,078$11,183
18 years$37,409$30,956$25,462$20,831$16,963$9,568
19 years$35,070$28,690$23,309$18,823$15,119$8,201
20 years$32,967$26,660$21,392$17,047$13,505$7,041
21 years$31,067$24,833$19,677$15,472$12,085$6,052
22 years$29,342$23,180$18,135$14,067$10,833$5,208
23 years$27,770$21,680$16,744$12,811$9,724$4,487
24 years$26,330$20,313$15,486$11,685$8,740$3,868
25 years$25,008$19,063$14,343$10,671$7,865$3,337
26 years$23,790$17,916$13,302$9,757$7,084$2,881
27 years$22,663$16,861$12,352$8,931$6,387$2,488
28 years$21,619$15,888$11,483$8,183$5,763$2,150
29 years$20,649$14,988$10,686$7,504$5,204$1,858
30 years$19,745$14,155$9,954$6,887$4,702$1,607
31 years$18,901$13,381$9,280$6,325$4,251$1,390
32 years$18,111$12,661$8,658$5,813$3,846$1,203
33 years$17,371$11,990$8,084$5,345$3,480$1,041
34 years$16,676$11,364$7,553$4,918$3,151$901
35 years$16,022$10,779$7,062$4,527$2,854$780
36 years$15,406$10,231$6,606$4,170$2,586$675
37 years$14,824$9,717$6,183$3,842$2,344$585
38 years$14,275$9,234$5,790$3,541$2,125$506
39 years$13,754$8,781$5,425$3,265$1,927$438
40 years$13,261$8,354$5,085$3,011$1,748$380
41 years$12,794$7,953$4,768$2,778$1,586$329
42 years$12,350$7,574$4,472$2,564$1,439$285
43 years$11,927$7,216$4,197$2,367$1,306$247
44 years$11,525$6,879$3,939$2,186$1,185$214
45 years$11,142$6,559$3,699$2,018$1,076$185
46 years$10,776$6,257$3,474$1,864$977$160
47 years$10,428$5,971$3,264$1,723$887$139
48 years$10,094$5,701$3,067$1,592$806$120
49 years$9,776$5,444$2,883$1,471$732$104
50 years$9,471$5,200$2,710$1,360$665$90

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 $5,921 every year, while hoping to spend $20,523 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: 47/38/15 Blend
53$9,700,000$9,700,000$9,700,000$9,700,000
54$10,695,508$10,181,408$10,031,058$11,152,771
55$11,764,613$10,658,460$10,345,262$11,947,376
56$12,942,079$11,158,201$10,669,304$12,806,724
57$14,238,938$11,681,719$11,003,492$13,738,962
58$15,667,344$12,230,157$11,348,143$14,750,891
59$17,240,693$12,804,715$11,703,586$15,849,978
60$18,973,744$13,406,647$12,070,157$17,044,420
61$20,882,764$14,037,270$12,448,204$18,343,221
62$22,985,675$14,697,965$12,838,088$19,756,270
63$25,302,228$15,390,180$13,240,179$21,294,432
64$27,854,188$16,115,432$13,654,858$22,969,642
65$30,665,539$16,875,312$14,082,519$24,795,020
66$33,762,709$17,671,488$14,523,569$26,784,981
67$37,174,824$18,505,709$14,978,427$28,955,373
68$40,933,976$19,379,809$15,447,524$31,323,615
69$45,075,533$20,295,710$15,931,307$33,908,861
70$49,638,466$21,255,429$16,430,235$36,732,172
71$54,665,723$22,261,078$16,944,782$39,816,708
72$60,204,631$23,314,875$17,475,436$43,187,940
73$66,307,342$24,419,142$18,022,701$46,873,884
74$73,031,327$25,576,317$18,587,098$50,905,360
75$80,439,919$26,788,953$19,169,162$55,316,270
76$88,602,908$28,059,729$19,769,447$60,143,916
77$97,597,203$29,391,454$20,388,521$65,429,340
78$107,507,554$30,787,072$21,026,974$71,217,702
79$118,427,359$32,249,672$21,685,411$77,558,702
80$130,459,535$33,782,492$22,364,458$84,507,033
81$143,717,499$35,388,926$23,064,760$92,122,891
82$158,326,236$37,072,535$23,786,981$100,472,532
83$174,423,474$38,837,052$24,531,807$109,628,888
84$192,160,992$40,686,390$25,299,945$119,672,239
85$211,706,045$42,624,656$26,092,126$130,690,965
86$233,242,950$44,656,152$26,909,100$142,782,360
87$256,974,820$46,785,393$27,751,644$156,053,547
88$283,125,485$49,017,110$28,620,558$170,622,466
89$311,941,604$51,356,268$29,516,666$186,618,978
90$343,694,993$53,808,070$30,440,819$204,186,074
91$378,685,190$56,377,974$31,393,895$223,481,208
92$417,242,287$59,071,702$32,376,798$244,677,770
93$459,730,041$61,895,256$33,390,462$267,966,701
94$506,549,311$64,854,929$34,435,847$293,558,279
95$558,141,840$67,957,321$35,513,948$321,684,086
96$614,994,429$71,209,351$36,625,787$352,599,174
97$677,643,529$74,618,277$37,772,419$386,584,447
98$746,680,307$78,191,711$38,954,933$423,949,298
99$822,756,226$81,937,632$40,174,451$465,034,501
100$906,589,197$85,864,411$41,432,130$510,215,407