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%13.2%
1 years$817,533$810,251$803,146$796,211$789,440$778,929
2 years$404,719$397,182$389,877$382,794$375,924$365,352
3 years$267,133$259,563$252,276$245,260$238,501$228,196
4 years$198,353$190,806$183,592$176,696$170,101$160,142
5 years$157,096$149,594$142,475$135,719$129,308$119,724
6 years$129,600$122,155$115,141$108,536$102,317$93,119
7 years$109,968$102,586$95,683$89,233$83,211$74,403
8 years$95,251$87,935$81,147$74,856$69,032$60,613
9 years$83,810$76,563$69,892$63,760$58,135$50,101
10 years$74,662$67,487$60,933$54,962$49,534$41,879
11 years$67,183$60,079$53,644$47,833$42,601$35,318
12 years$60,955$53,924$47,608$41,956$36,917$29,998
13 years$55,689$48,731$42,535$37,041$32,192$25,628
14 years$51,179$44,296$38,218$32,881$28,219$22,000
15 years$47,274$40,465$34,505$29,324$24,847$18,962
16 years$43,861$37,126$31,284$26,257$21,960$16,398
17 years$40,852$34,191$28,467$23,591$19,471$14,222
18 years$38,180$31,594$25,987$21,261$17,313$12,364
19 years$35,793$29,281$23,790$19,211$15,431$10,771
20 years$33,647$27,210$21,833$17,399$13,783$9,400
21 years$31,708$25,345$20,082$15,791$12,335$8,216
22 years$29,947$23,658$18,509$14,357$11,056$7,191
23 years$28,342$22,127$17,090$13,076$9,925$6,301
24 years$26,873$20,732$15,805$11,926$8,920$5,527
25 years$25,524$19,456$14,639$10,891$8,027$4,852
26 years$24,280$18,285$13,577$9,958$7,231$4,263
27 years$23,131$17,209$12,607$9,115$6,519$3,748
28 years$22,065$16,216$11,720$8,351$5,882$3,297
29 years$21,075$15,297$10,906$7,658$5,311$2,901
30 years$20,152$14,447$10,159$7,029$4,799$2,555
31 years$19,291$13,657$9,471$6,455$4,339$2,250
32 years$18,485$12,922$8,836$5,932$3,925$1,983
33 years$17,729$12,238$8,251$5,455$3,552$1,748
34 years$17,020$11,599$7,709$5,019$3,216$1,541
35 years$16,352$11,001$7,207$4,621$2,913$1,359
36 years$15,723$10,442$6,742$4,255$2,639$1,198
37 years$15,130$9,917$6,311$3,921$2,392$1,057
38 years$14,569$9,425$5,910$3,614$2,169$933
39 years$14,038$8,962$5,537$3,332$1,966$823
40 years$13,535$8,527$5,190$3,074$1,784$727
41 years$13,058$8,117$4,866$2,836$1,618$641
42 years$12,604$7,730$4,565$2,617$1,468$566
43 years$12,173$7,365$4,283$2,416$1,333$500
44 years$11,763$7,020$4,021$2,231$1,210$441
45 years$11,372$6,695$3,775$2,060$1,098$390
46 years$10,999$6,386$3,546$1,903$997$344
47 years$10,643$6,095$3,331$1,758$905$304
48 years$10,302$5,818$3,130$1,624$822$268
49 years$9,977$5,556$2,942$1,501$747$237
50 years$9,666$5,307$2,766$1,388$678$209

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 $3,667 every year, while hoping to spend $29,722 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: 61/23/16 Blend
53$9,900,000$9,900,000$9,900,000$9,900,000
54$10,913,583$10,388,883$10,235,433$11,535,087
55$11,995,144$10,866,314$10,546,696$12,431,586
56$13,186,028$11,366,143$10,867,390$13,405,825
57$14,497,356$11,889,436$11,197,800$14,468,298
58$15,941,378$12,437,311$11,538,218$15,627,560
59$17,531,598$13,010,939$11,888,948$16,893,019
60$19,282,893$13,611,546$12,250,299$18,275,025
61$21,211,656$14,240,420$12,622,592$19,784,961
62$23,335,953$14,898,909$13,006,157$21,435,350
63$25,675,691$15,588,426$13,401,334$23,239,973
64$28,252,805$16,310,453$13,808,473$25,213,989
65$31,091,468$17,066,542$14,227,933$27,374,083
66$34,218,317$17,858,321$14,660,088$29,738,613
67$37,662,703$18,687,496$15,105,318$32,327,787
68$41,456,970$19,555,856$15,564,019$35,163,844
69$45,636,763$20,465,274$16,036,595$38,271,262
70$50,241,356$21,417,716$16,523,464$41,676,987
71$55,314,032$22,415,241$17,025,058$45,410,683
72$60,902,484$23,460,009$17,541,818$49,505,004
73$67,059,271$24,554,283$18,074,202$53,995,903
74$73,842,309$25,700,436$18,622,681$58,922,963
75$81,315,421$26,900,954$19,187,737$64,329,766
76$89,548,939$28,158,445$19,769,871$70,264,304
77$98,620,364$29,475,643$20,369,595$76,779,419
78$108,615,104$30,855,412$20,987,440$83,933,303
79$119,627,275$32,300,757$21,623,949$91,790,036
80$131,760,590$33,814,828$22,279,685$100,420,191
81$145,129,341$35,400,924$22,955,224$109,901,487
82$159,859,472$37,062,508$23,651,163$120,319,523
83$176,089,776$38,803,209$24,368,115$131,768,573
84$193,973,197$40,626,830$25,106,710$144,352,473
85$213,678,278$42,537,359$25,867,600$158,185,590
86$235,390,751$44,538,979$26,651,454$173,393,897
87$259,315,292$46,636,073$27,458,961$190,116,152
88$285,677,448$48,833,237$28,290,832$208,505,200
89$314,725,772$51,135,289$29,147,799$228,729,407
90$346,734,165$53,547,283$30,030,615$250,974,239
91$382,004,465$56,074,515$30,940,056$275,444,003
92$420,869,293$58,722,539$31,876,921$302,363,767
93$463,695,196$61,497,178$32,842,032$331,981,470
94$510,886,103$64,404,537$33,836,238$364,570,257
95$562,887,144$67,451,018$34,860,410$400,431,042
96$620,188,847$70,643,332$35,915,448$439,895,335
97$683,331,770$73,988,517$37,002,277$483,328,362
98$752,911,607$77,493,950$38,121,849$531,132,497
99$829,584,808$81,167,371$39,275,148$583,751,050
100$914,074,776$85,016,889$40,463,183$641,672,430