Can I retire at age 54 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$817,533$810,251$803,146$796,211$789,440$767,245
2 years$404,719$397,182$389,877$382,794$375,924$353,732
3 years$267,133$259,563$252,276$245,260$238,501$217,008
4 years$198,353$190,806$183,592$176,696$170,101$149,471
5 years$157,096$149,594$142,475$135,719$129,308$109,598
6 years$129,600$122,155$115,141$108,536$102,317$83,545
7 years$109,968$102,586$95,683$89,233$83,211$65,377
8 years$95,251$87,935$81,147$74,856$69,032$52,126
9 years$83,810$76,563$69,892$63,760$58,135$42,141
10 years$74,662$67,487$60,933$54,962$49,534$34,431
11 years$67,183$60,079$53,644$47,833$42,601$28,365
12 years$60,955$53,924$47,608$41,956$36,917$23,520
13 years$55,689$48,731$42,535$37,041$32,192$19,606
14 years$51,179$44,296$38,218$32,881$28,219$16,413
15 years$47,274$40,465$34,505$29,324$24,847$13,788
16 years$43,861$37,126$31,284$26,257$21,960$11,616
17 years$40,852$34,191$28,467$23,591$19,471$9,809
18 years$38,180$31,594$25,987$21,261$17,313$8,301
19 years$35,793$29,281$23,790$19,211$15,431$7,035
20 years$33,647$27,210$21,833$17,399$13,783$5,972
21 years$31,708$25,345$20,082$15,791$12,335$5,074
22 years$29,947$23,658$18,509$14,357$11,056$4,316
23 years$28,342$22,127$17,090$13,076$9,925$3,675
24 years$26,873$20,732$15,805$11,926$8,920$3,131
25 years$25,524$19,456$14,639$10,891$8,027$2,669
26 years$24,280$18,285$13,577$9,958$7,231$2,276
27 years$23,131$17,209$12,607$9,115$6,519$1,942
28 years$22,065$16,216$11,720$8,351$5,882$1,658
29 years$21,075$15,297$10,906$7,658$5,311$1,416
30 years$20,152$14,447$10,159$7,029$4,799$1,209
31 years$19,291$13,657$9,471$6,455$4,339$1,033
32 years$18,485$12,922$8,836$5,932$3,925$882
33 years$17,729$12,238$8,251$5,455$3,552$754
34 years$17,020$11,599$7,709$5,019$3,216$645
35 years$16,352$11,001$7,207$4,621$2,913$551
36 years$15,723$10,442$6,742$4,255$2,639$471
37 years$15,130$9,917$6,311$3,921$2,392$403
38 years$14,569$9,425$5,910$3,614$2,169$344
39 years$14,038$8,962$5,537$3,332$1,966$294
40 years$13,535$8,527$5,190$3,074$1,784$252
41 years$13,058$8,117$4,866$2,836$1,618$215
42 years$12,604$7,730$4,565$2,617$1,468$184
43 years$12,173$7,365$4,283$2,416$1,333$158
44 years$11,763$7,020$4,021$2,231$1,210$135
45 years$11,372$6,695$3,775$2,060$1,098$115
46 years$10,999$6,386$3,546$1,903$997$99
47 years$10,643$6,095$3,331$1,758$905$84
48 years$10,302$5,818$3,130$1,624$822$72
49 years$9,977$5,556$2,942$1,501$747$62
50 years$9,666$5,307$2,766$1,388$678$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,900,000, adding $6,156 every year, while hoping to spend $40,654 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: 65/26/9 Blend
53$9,900,000$9,900,000$9,900,000$9,900,000
54$10,916,150$10,391,450$10,238,000$11,605,169
55$11,986,342$10,857,375$10,537,717$12,530,772
56$13,164,330$11,344,769$10,846,113$13,536,294
57$14,461,069$11,854,639$11,163,434$14,633,841
58$15,888,624$12,388,043$11,489,936$15,832,368
59$17,460,295$12,946,088$11,825,880$17,141,728
60$19,190,734$13,529,935$12,171,536$18,572,757
61$21,096,087$14,140,800$12,527,180$20,137,379
62$23,194,144$14,779,955$12,893,097$21,848,712
63$25,504,510$15,448,737$13,269,579$23,721,188
64$28,048,787$16,148,542$13,656,927$25,770,691
65$30,850,780$16,880,837$14,055,450$28,014,701
66$33,936,717$17,647,156$14,465,466$30,472,454
67$37,335,504$18,449,108$14,887,300$33,165,123
68$41,078,990$19,288,379$15,321,290$36,116,015
69$45,202,272$20,166,735$15,767,778$39,350,782
70$49,744,026$21,086,027$16,227,121$42,897,666
71$54,746,869$22,048,195$16,699,682$46,787,758
72$60,257,764$23,055,271$17,185,836$51,055,285
73$66,328,462$24,109,385$17,685,967$55,737,934
74$73,015,990$25,212,769$18,200,472$60,877,200
75$80,383,190$26,367,763$18,729,756$66,518,771
76$88,499,310$27,576,819$19,274,238$72,712,958
77$97,440,661$28,842,504$19,834,346$79,515,164
78$107,291,334$30,167,513$20,410,522$86,986,398
79$118,143,995$31,554,666$21,003,220$95,193,849
80$130,100,760$33,006,921$21,612,905$104,211,513
81$143,274,155$34,527,379$22,240,055$114,120,883
82$157,788,186$36,119,287$22,885,164$125,011,715
83$173,779,499$37,786,051$23,548,735$136,982,867
84$191,398,680$39,531,239$24,231,289$150,143,223
85$210,811,667$41,358,591$24,933,360$164,612,716
86$232,201,325$43,272,030$25,655,495$180,523,451
87$255,769,164$45,275,663$26,398,257$198,020,946
88$281,737,246$47,373,798$27,162,227$217,265,491
89$310,350,281$49,570,950$27,947,997$238,433,659
90$341,877,935$51,871,852$28,756,180$261,719,959
91$376,617,375$54,281,463$29,587,403$287,338,664
92$414,896,076$56,804,984$30,442,310$315,525,823
93$457,074,912$59,447,864$31,321,563$346,541,479
94$503,551,562$62,215,818$32,225,845$380,672,110
95$554,764,263$65,114,835$33,155,852$418,233,325
96$611,195,948$68,151,192$34,112,303$459,572,828
97$673,378,805$71,331,472$35,095,936$505,073,690
98$741,899,302$74,662,572$36,107,509$555,157,949
99$817,403,719$78,151,726$37,147,798$610,290,581
100$900,604,253$81,806,515$38,217,604$670,983,876