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

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$809,275$802,066$795,033$788,169$781,466$773,627
2 years$400,631$393,170$385,938$378,927$372,127$364,231
3 years$264,434$256,941$249,728$242,782$236,092$228,385
4 years$196,349$188,879$181,738$174,911$168,383$160,924
5 years$155,509$148,083$141,036$134,348$128,002$120,813
6 years$128,291$120,921$113,978$107,440$101,284$94,373
7 years$108,857$101,549$94,716$88,332$82,371$75,741
8 years$94,288$87,047$80,327$74,099$68,335$61,986
9 years$82,963$75,790$69,186$63,116$57,548$51,478
10 years$73,908$66,805$60,318$54,407$49,033$43,239
11 years$66,505$59,472$53,103$47,350$42,170$36,647
12 years$60,339$53,379$47,127$41,533$36,544$31,286
13 years$55,126$48,239$42,105$36,667$31,867$26,867
14 years$50,662$43,848$37,832$32,549$27,934$23,187
15 years$46,797$40,056$34,157$29,028$24,596$20,093
16 years$43,418$36,751$30,968$25,991$21,738$17,473
17 years$40,439$33,846$28,180$23,353$19,274$15,239
18 years$37,795$31,275$25,725$21,046$17,138$13,324
19 years$35,431$28,986$23,550$19,017$15,275$11,675
20 years$33,307$26,935$21,613$17,223$13,644$10,250
21 years$31,388$25,089$19,879$15,631$12,210$9,013
22 years$29,645$23,419$18,322$14,212$10,944$7,936
23 years$28,056$21,904$16,917$12,943$9,824$6,997
24 years$26,602$20,522$15,645$11,805$8,830$6,175
25 years$25,266$19,259$14,491$10,781$7,946$5,455
26 years$24,035$18,101$13,440$9,858$7,157$4,823
27 years$22,897$17,035$12,480$9,023$6,453$4,267
28 years$21,842$16,052$11,602$8,267$5,823$3,778
29 years$20,862$15,143$10,796$7,581$5,258$3,347
30 years$19,949$14,301$10,056$6,958$4,751$2,966
31 years$19,096$13,519$9,375$6,390$4,295$2,630
32 years$18,298$12,792$8,747$5,872$3,885$2,333
33 years$17,550$12,114$8,167$5,400$3,516$2,070
34 years$16,848$11,481$7,631$4,969$3,183$1,837
35 years$16,187$10,890$7,135$4,574$2,883$1,631
36 years$15,565$10,336$6,674$4,213$2,612$1,448
37 years$14,977$9,817$6,247$3,881$2,368$1,286
38 years$14,422$9,330$5,850$3,577$2,147$1,143
39 years$13,896$8,872$5,481$3,299$1,947$1,015
40 years$13,398$8,441$5,137$3,042$1,766$902
41 years$12,926$8,035$4,817$2,807$1,602$802
42 years$12,477$7,652$4,519$2,591$1,454$713
43 years$12,050$7,291$4,240$2,391$1,319$634
44 years$11,644$6,950$3,980$2,208$1,197$563
45 years$11,257$6,627$3,737$2,039$1,087$501
46 years$10,888$6,322$3,510$1,884$987$445
47 years$10,535$6,033$3,298$1,740$896$396
48 years$10,198$5,759$3,099$1,608$814$352
49 years$9,876$5,500$2,913$1,486$739$313
50 years$9,568$5,254$2,738$1,374$671$279

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 $5,187 every year, while hoping to spend $57,868 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: 54/32/14 Blend
53$9,800,000$9,800,000$9,800,000$9,800,000
54$10,804,950$10,285,550$10,133,650$11,348,298
55$11,845,484$10,727,971$10,411,557$12,161,270
56$12,990,213$11,190,131$10,696,833$13,039,036
57$14,249,704$11,672,937$10,989,666$13,993,123
58$15,635,599$12,177,336$11,290,245$15,030,804
59$17,160,726$12,704,322$11,598,765$16,160,076
60$18,839,221$13,254,934$11,915,424$17,389,728
61$20,686,658$13,830,262$12,240,427$18,729,422
62$22,720,197$14,431,445$12,573,981$20,189,784
63$24,958,747$15,059,676$12,916,300$21,782,497
64$27,423,144$15,716,205$13,267,601$23,520,411
65$30,136,346$16,402,340$13,628,106$25,417,659
66$33,123,649$17,119,450$13,998,043$27,489,789
67$36,412,929$17,868,971$14,377,646$29,753,903
68$40,034,901$18,652,404$14,767,151$32,228,820
69$44,023,413$19,471,324$15,166,802$34,935,242
70$48,415,758$20,327,376$15,576,847$37,895,954
71$53,253,034$21,222,286$15,997,540$41,136,027
72$58,580,527$22,157,861$16,429,141$44,683,054
73$64,448,138$23,135,994$16,871,914$48,567,404
74$70,910,856$24,158,665$17,326,131$52,822,505
75$78,029,275$25,227,952$17,792,068$57,485,152
76$85,870,166$26,346,026$18,270,008$62,595,850
77$94,507,108$27,515,167$18,760,238$68,199,191
78$104,021,181$28,737,758$19,263,054$74,344,267
79$114,501,732$30,016,298$19,778,756$81,085,129
80$126,047,215$31,353,404$20,307,652$88,481,289
81$138,766,127$32,751,817$20,850,054$96,598,276
82$152,778,024$34,214,408$21,406,283$105,508,247
83$168,214,654$35,744,185$21,976,665$115,290,659
84$185,221,198$37,344,299$22,561,532$126,033,012
85$203,957,642$39,018,052$23,161,225$137,831,670
86$224,600,285$40,768,900$23,776,090$150,792,755
87$247,343,406$42,600,468$24,406,481$165,033,145
88$272,401,092$44,516,549$25,052,757$180,681,568
89$300,009,265$46,521,122$25,715,286$197,879,803
90$330,427,904$48,618,351$26,394,442$216,784,012
91$363,943,502$50,812,602$27,090,608$237,566,202
92$400,871,768$53,108,448$27,804,171$260,415,836
93$441,560,606$55,510,680$28,535,529$285,541,612
94$486,393,403$58,024,319$29,285,085$313,173,420
95$535,792,645$60,654,625$30,053,250$343,564,499
96$590,223,903$63,407,110$30,840,442$376,993,811
97$650,200,233$66,287,550$31,647,088$413,768,667
98$716,287,013$69,301,996$32,473,622$454,227,607
99$789,107,285$72,456,791$33,320,485$498,743,583
100$869,347,633$75,758,578$34,188,126$547,727,465