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

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$743,212$736,591$730,133$723,828$717,673$708,411
2 years$367,927$361,074$354,433$347,994$341,749$332,431
3 years$242,848$235,966$229,342$222,963$216,820$207,735
4 years$180,321$173,460$166,902$160,633$154,638$145,857
5 years$142,814$135,995$129,523$123,381$117,553$109,101
6 years$117,818$111,050$104,674$98,669$93,016$84,903
7 years$99,971$93,260$86,984$81,121$75,647$67,876
8 years$86,591$79,941$73,770$68,051$62,756$55,327
9 years$76,191$69,603$63,538$57,964$52,850$45,759
10 years$67,875$61,351$55,394$49,966$45,031$38,273
11 years$61,076$54,618$48,768$43,485$38,728$32,297
12 years$55,414$49,022$43,280$38,142$33,561$27,450
13 years$50,626$44,301$38,668$33,674$29,266$23,466
14 years$46,527$40,269$34,743$29,892$25,654$20,158
15 years$42,977$36,786$31,369$26,658$22,588$17,386
16 years$39,873$33,751$28,440$23,870$19,963$15,046
17 years$37,138$31,083$25,879$21,447$17,701$13,058
18 years$34,710$28,722$23,625$19,328$15,739$11,360
19 years$32,539$26,619$21,627$17,464$14,028$9,904
20 years$30,588$24,736$19,848$15,817$12,530$8,650
21 years$28,825$23,041$18,257$14,355$11,213$7,566
22 years$27,225$21,508$16,826$13,052$10,051$6,627
23 years$25,766$20,116$15,536$11,887$9,022$5,812
24 years$24,430$18,847$14,368$10,841$8,110$5,101
25 years$23,203$17,687$13,308$9,901$7,297$4,482
26 years$22,073$16,623$12,342$9,053$6,573$3,941
27 years$21,028$15,644$11,461$8,286$5,926$3,467
28 years$20,059$14,741$10,654$7,592$5,347$3,053
29 years$19,159$13,907$9,915$6,962$4,829$2,689
30 years$18,320$13,133$9,235$6,390$4,363$2,369
31 years$17,537$12,416$8,610$5,868$3,944$2,089
32 years$16,804$11,748$8,033$5,393$3,568$1,842
33 years$16,118$11,125$7,501$4,959$3,229$1,625
34 years$15,473$10,544$7,008$4,563$2,924$1,434
35 years$14,866$10,001$6,552$4,201$2,648$1,265
36 years$14,294$9,492$6,129$3,869$2,399$1,117
37 years$13,754$9,016$5,737$3,564$2,175$986
38 years$13,244$8,568$5,372$3,285$1,971$871
39 years$12,762$8,147$5,033$3,029$1,788$769
40 years$12,304$7,752$4,718$2,794$1,622$680
41 years$11,870$7,379$4,424$2,578$1,471$600
42 years$11,458$7,027$4,150$2,379$1,335$530
43 years$11,066$6,696$3,894$2,196$1,211$469
44 years$10,693$6,382$3,655$2,028$1,100$414
45 years$10,338$6,086$3,432$1,873$998$366
46 years$9,999$5,806$3,223$1,730$906$323
47 years$9,675$5,541$3,028$1,598$823$286
48 years$9,366$5,289$2,846$1,477$747$253
49 years$9,070$5,051$2,675$1,365$679$223
50 years$8,787$4,825$2,515$1,262$617$197

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,000,000, adding $3,359 every year, while hoping to spend $24,708 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: 44/49/7 Blend
53$9,000,000$9,000,000$9,000,000$9,000,000
54$9,921,465$9,444,465$9,304,965$10,338,190
55$10,907,165$9,880,954$9,590,392$11,063,265
56$11,992,579$10,338,004$9,884,553$11,845,829
57$13,187,850$10,816,595$10,187,714$12,693,385
58$14,504,159$11,317,755$10,500,150$13,611,904
59$15,953,821$11,842,564$10,822,144$14,607,933
60$17,550,412$12,392,151$11,153,987$15,688,655
61$19,308,888$12,967,700$11,495,979$16,861,954
62$21,245,732$13,570,454$11,848,431$18,136,481
63$23,379,104$14,201,714$12,211,661$19,521,736
64$25,729,019$14,862,845$12,585,998$21,028,147
65$28,317,531$15,555,276$12,971,781$22,667,169
66$31,168,941$16,280,507$13,369,358$24,451,380
67$34,310,031$17,040,109$13,779,089$26,394,600
68$37,770,311$17,835,731$14,201,345$28,512,011
69$41,582,299$18,669,099$14,636,507$30,820,298
70$45,781,832$19,542,023$15,084,969$33,337,794
71$50,408,399$20,456,402$15,547,135$36,084,653
72$55,505,515$21,414,226$16,023,424$39,083,028
73$61,121,135$22,417,579$16,514,265$42,357,273
74$67,308,100$23,468,650$17,020,102$45,934,168
75$74,124,643$24,569,731$17,541,393$49,843,158
76$81,634,933$25,723,224$18,078,606$54,116,630
77$89,909,685$26,931,651$18,632,228$58,790,199
78$99,026,823$28,197,652$19,202,758$63,903,046
79$109,072,219$29,523,997$19,790,710$69,498,268
80$120,140,502$30,913,590$20,396,616$75,623,281
81$132,335,952$32,369,475$21,021,022$82,330,251
82$145,773,484$33,894,843$21,664,490$89,676,579
83$160,579,730$35,493,041$22,327,601$97,725,431
84$176,894,240$37,167,578$23,010,953$106,546,317
85$194,870,794$38,922,131$23,715,162$116,215,737
86$214,678,857$40,760,558$24,440,862$126,817,891
87$236,505,177$42,686,901$25,188,708$138,445,454
88$260,555,547$44,705,402$25,959,371$151,200,439
89$287,056,751$46,820,504$26,753,548$165,195,146
90$316,258,700$49,036,869$27,571,953$180,553,198
91$348,436,796$51,359,385$28,415,322$197,410,697
92$383,894,529$53,793,174$29,284,415$215,917,489
93$422,966,342$56,343,610$30,180,013$236,238,558
94$466,020,788$59,016,327$31,102,923$258,555,560
95$513,464,013$61,817,231$32,053,975$283,068,525
96$565,743,583$64,752,516$33,034,024$309,997,714
97$623,352,715$67,828,676$34,043,951$339,585,681
98$686,834,933$71,052,522$35,084,664$372,099,536
99$756,789,195$74,431,194$36,157,099$407,833,438
100$833,875,549$77,972,179$37,262,218$447,111,353