Can I retire at age 54 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$784,501$777,513$770,696$764,041$757,543$736,542
2 years$388,367$381,134$374,124$367,327$360,735$339,734
3 years$256,339$249,075$242,083$235,350$228,865$208,521
4 years$190,339$183,097$176,174$169,557$163,228$143,698
5 years$150,748$143,550$136,719$130,236$124,084$105,420
6 years$124,364$117,219$110,489$104,151$98,183$80,404
7 years$105,525$98,441$91,817$85,628$79,849$62,955
8 years$91,402$84,382$77,868$71,831$66,243$50,225
9 years$80,423$73,470$67,068$61,184$55,786$40,628
10 years$71,646$64,760$58,471$52,741$47,532$33,216
11 years$64,469$57,652$51,477$45,901$40,879$27,381
12 years$58,492$51,745$45,685$40,261$35,425$22,720
13 years$53,439$46,763$40,816$35,545$30,891$18,951
14 years$49,111$42,506$36,673$31,552$27,079$15,876
15 years$45,364$38,830$33,111$28,139$23,843$13,346
16 years$42,089$35,626$30,020$25,196$21,072$11,252
17 years$39,201$32,810$27,317$22,638$18,684$9,509
18 years$36,638$30,318$24,937$20,401$16,613$8,052
19 years$34,347$28,098$22,829$18,434$14,808$6,830
20 years$32,287$26,110$20,951$16,696$13,226$5,802
21 years$30,427$24,321$19,271$15,153$11,836$4,934
22 years$28,737$22,702$17,761$13,777$10,609$4,200
23 years$27,197$21,233$16,399$12,547$9,524$3,579
24 years$25,787$19,894$15,167$11,444$8,560$3,051
25 years$24,492$18,670$14,047$10,451$7,703$2,603
26 years$23,299$17,546$13,028$9,556$6,938$2,222
27 years$22,196$16,513$12,098$8,747$6,256$1,897
28 years$21,173$15,560$11,246$8,014$5,644$1,621
29 years$20,223$14,679$10,466$7,349$5,097$1,385
30 years$19,338$13,863$9,748$6,745$4,605$1,184
31 years$18,511$13,105$9,088$6,194$4,164$1,012
32 years$17,738$12,400$8,479$5,693$3,766$866
33 years$17,013$11,743$7,917$5,235$3,408$740
34 years$16,332$11,130$7,397$4,817$3,086$633
35 years$15,692$10,557$6,916$4,434$2,795$542
36 years$15,088$10,020$6,470$4,084$2,533$464
37 years$14,519$9,516$6,056$3,762$2,295$397
38 years$13,980$9,044$5,671$3,468$2,081$340
39 years$13,471$8,600$5,313$3,198$1,887$291
40 years$12,988$8,182$4,980$2,949$1,712$249
41 years$12,530$7,789$4,670$2,721$1,553$213
42 years$12,095$7,418$4,380$2,511$1,409$182
43 years$11,681$7,068$4,110$2,318$1,279$156
44 years$11,287$6,737$3,858$2,140$1,161$134
45 years$10,912$6,424$3,623$1,977$1,054$114
46 years$10,554$6,128$3,403$1,826$957$98
47 years$10,213$5,848$3,197$1,687$869$84
48 years$9,886$5,583$3,004$1,559$789$72
49 years$9,574$5,332$2,823$1,441$717$61
50 years$9,275$5,093$2,654$1,332$651$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,500,000, adding $4,784 every year, while hoping to spend $34,301 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: 51/38/11 Blend
53$9,500,000$9,500,000$9,500,000$9,500,000
54$10,473,935$9,970,435$9,823,185$10,977,357
55$11,505,780$10,422,490$10,115,765$11,773,815
56$12,641,724$10,895,546$10,416,998$12,635,139
57$13,892,348$11,390,597$10,727,136$13,570,698
58$15,269,313$11,908,681$11,046,440$14,587,490
59$16,785,467$12,450,890$11,375,180$15,693,200
60$18,454,967$13,018,366$11,713,630$16,896,273
61$20,293,413$13,612,306$12,062,077$18,205,986
62$22,317,996$14,233,964$12,420,811$19,632,533
63$24,547,658$14,884,654$12,790,135$21,187,119
64$27,003,272$15,565,756$13,170,358$22,882,059
65$29,707,840$16,278,711$13,561,798$24,730,892
66$32,686,705$17,025,034$13,964,784$26,748,503
67$35,967,798$17,806,309$14,379,653$28,951,259
68$39,581,894$18,624,199$14,806,752$31,357,160
69$43,562,908$19,480,445$15,246,439$33,985,999
70$47,948,210$20,376,873$15,699,080$36,859,551
71$52,778,982$21,315,395$16,165,054$40,001,766
72$58,100,605$22,298,016$16,644,750$43,438,991
73$63,963,086$23,326,837$17,138,569$47,200,216
74$70,421,530$24,404,062$17,646,920$51,317,336
75$77,536,664$25,531,999$18,170,230$55,825,448
76$85,375,404$26,713,067$18,708,932$60,763,175
77$94,011,490$27,949,802$19,263,476$66,173,022
78$103,526,182$29,244,862$19,834,323$72,101,772
79$114,009,027$30,601,035$20,421,947$78,600,917
80$125,558,702$32,021,240$21,026,837$85,727,134
81$138,283,947$33,508,538$21,649,494$93,542,816
82$152,304,593$35,066,140$22,290,435$102,116,647
83$167,752,688$36,697,408$22,950,192$111,524,244
84$184,773,750$38,405,868$23,629,311$121,848,856
85$203,528,134$40,195,218$24,328,354$133,182,146
86$224,192,550$42,069,330$25,047,900$145,625,039
87$246,961,730$44,032,267$25,788,545$159,288,663
88$272,050,265$46,088,286$26,550,899$174,295,390
89$299,694,631$48,241,851$27,335,594$190,779,977
90$330,155,423$50,497,641$28,143,275$208,890,820
91$363,719,811$52,860,561$28,974,610$228,791,348
92$400,704,256$55,335,752$29,830,284$250,661,545
93$441,457,493$57,928,607$30,711,001$274,699,636
94$486,363,823$60,644,775$31,617,486$301,123,943
95$535,846,747$63,490,182$32,550,484$330,174,925
96$590,372,953$66,471,039$33,510,764$362,117,438
97$650,456,732$69,593,858$34,499,112$397,243,207
98$716,664,827$72,865,466$35,516,342$435,873,567
99$789,621,786$76,293,020$36,563,285$478,362,474
100$870,015,855$79,884,024$37,640,802$525,099,827