Can I retire at age 54 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$809,275$802,066$795,033$788,169$781,466$767,572
2 years$400,631$393,170$385,938$378,927$372,127$358,177
3 years$264,434$256,941$249,728$242,782$236,092$222,520
4 years$196,349$188,879$181,738$174,911$168,383$155,294
5 years$155,509$148,083$141,036$134,348$128,002$115,433
6 years$128,291$120,921$113,978$107,440$101,284$89,248
7 years$108,857$101,549$94,716$88,332$82,371$70,873
8 years$94,288$87,047$80,327$74,099$68,335$57,371
9 years$82,963$75,790$69,186$63,116$57,548$47,113
10 years$73,908$66,805$60,318$54,407$49,033$39,118
11 years$66,505$59,472$53,103$47,350$42,170$32,763
12 years$60,339$53,379$47,127$41,533$36,544$27,632
13 years$55,126$48,239$42,105$36,667$31,867$23,437
14 years$50,662$43,848$37,832$32,549$27,934$19,971
15 years$46,797$40,056$34,157$29,028$24,596$17,084
16 years$43,418$36,751$30,968$25,991$21,738$14,661
17 years$40,439$33,846$28,180$23,353$19,274$12,616
18 years$37,795$31,275$25,725$21,046$17,138$10,881
19 years$35,431$28,986$23,550$19,017$15,275$9,403
20 years$33,307$26,935$21,613$17,223$13,644$8,140
21 years$31,388$25,089$19,879$15,631$12,210$7,056
22 years$29,645$23,419$18,322$14,212$10,944$6,124
23 years$28,056$21,904$16,917$12,943$9,824$5,320
24 years$26,602$20,522$15,645$11,805$8,830$4,627
25 years$25,266$19,259$14,491$10,781$7,946$4,027
26 years$24,035$18,101$13,440$9,858$7,157$3,507
27 years$22,897$17,035$12,480$9,023$6,453$3,056
28 years$21,842$16,052$11,602$8,267$5,823$2,664
29 years$20,862$15,143$10,796$7,581$5,258$2,324
30 years$19,949$14,301$10,056$6,958$4,751$2,028
31 years$19,096$13,519$9,375$6,390$4,295$1,770
32 years$18,298$12,792$8,747$5,872$3,885$1,545
33 years$17,550$12,114$8,167$5,400$3,516$1,350
34 years$16,848$11,481$7,631$4,969$3,183$1,179
35 years$16,187$10,890$7,135$4,574$2,883$1,030
36 years$15,565$10,336$6,674$4,213$2,612$900
37 years$14,977$9,817$6,247$3,881$2,368$787
38 years$14,422$9,330$5,850$3,577$2,147$688
39 years$13,896$8,872$5,481$3,299$1,947$601
40 years$13,398$8,441$5,137$3,042$1,766$526
41 years$12,926$8,035$4,817$2,807$1,602$460
42 years$12,477$7,652$4,519$2,591$1,454$402
43 years$12,050$7,291$4,240$2,391$1,319$351
44 years$11,644$6,950$3,980$2,208$1,197$307
45 years$11,257$6,627$3,737$2,039$1,087$269
46 years$10,888$6,322$3,510$1,884$987$235
47 years$10,535$6,033$3,298$1,740$896$206
48 years$10,198$5,759$3,099$1,608$814$180
49 years$9,876$5,500$2,913$1,486$739$157
50 years$9,568$5,254$2,738$1,374$671$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,800,000, adding $2,700 every year, while hoping to spend $53,895 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: 78/9/13 Blend
53$9,800,000$9,800,000$9,800,000$9,800,000
54$10,802,385$10,282,985$10,131,085$11,617,031
55$11,846,884$10,729,507$10,413,133$12,600,202
56$12,996,116$11,196,103$10,702,822$13,671,168
57$14,260,707$11,683,699$11,000,353$14,844,333
58$15,652,364$12,193,265$11,305,930$16,129,879
59$17,183,987$12,725,817$11,619,761$17,539,019
60$18,869,791$13,282,419$11,942,060$19,084,101
61$20,725,438$13,864,186$12,273,047$20,778,721
62$22,768,184$14,472,283$12,612,946$22,637,854
63$25,017,047$15,107,933$12,961,988$24,677,992
64$27,492,979$15,772,414$13,320,407$26,917,297
65$30,219,068$16,467,067$13,688,446$29,375,775
66$33,220,754$17,193,296$14,066,351$32,075,459
67$36,526,072$17,952,568$14,454,374$35,040,619
68$40,165,912$18,746,424$14,852,776$38,297,986
69$44,174,312$19,576,476$15,261,821$41,877,007
70$48,588,780$20,444,412$15,681,781$45,810,120
71$53,450,648$21,352,000$16,112,933$50,133,054
72$58,805,459$22,301,094$16,555,561$54,885,170
73$64,703,401$23,293,632$17,009,957$60,109,832
74$71,199,776$24,331,648$17,476,419$65,854,805
75$78,355,525$25,417,271$17,955,251$72,172,715
76$86,237,802$26,552,730$18,446,765$79,121,538
77$94,920,606$27,740,363$18,951,280$86,765,144
78$104,485,483$28,982,615$19,469,123$95,173,901
79$115,022,291$30,282,052$20,000,627$104,425,335
80$126,630,051$31,641,358$20,546,134$114,604,860
81$139,417,880$33,063,349$21,105,994$125,806,583
82$153,506,022$34,550,971$21,680,563$138,134,187
83$169,026,981$36,107,314$22,270,207$151,701,907
84$186,126,773$37,735,613$22,875,299$166,635,609
85$204,966,304$39,439,258$23,496,222$183,073,974
86$225,722,887$41,221,802$24,133,365$201,169,801
87$248,591,918$43,086,965$24,787,128$221,091,448
88$273,788,716$45,038,649$25,457,920$243,024,421
89$301,550,561$47,080,939$26,146,156$267,173,117
90$332,138,929$49,218,116$26,852,263$293,762,752
91$365,841,962$51,454,666$27,576,676$323,041,485
92$402,977,187$53,795,290$28,319,840$355,282,753
93$443,894,516$56,244,914$29,082,210$390,787,851
94$488,979,541$58,808,700$29,864,249$429,888,772
95$538,657,185$61,492,057$30,666,432$472,951,335
96$593,395,703$64,300,653$31,489,242$520,378,636
97$653,711,107$67,240,427$32,333,175$572,614,844
98$720,172,037$70,317,606$33,198,733$630,149,397
99$793,405,128$73,538,711$34,086,434$693,521,610
100$874,100,924$76,910,581$34,996,802$763,325,763