Can I retire at age 54 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$792,759$785,698$778,808$772,084$765,517$746,103
2 years$392,455$385,146$378,062$371,194$364,532$345,099
3 years$259,038$251,697$244,631$237,828$231,274$212,429
4 years$192,342$185,024$178,029$171,341$164,947$146,835
5 years$152,335$145,061$138,158$131,607$125,390$108,062
6 years$125,673$118,453$111,652$105,247$99,217$82,690
7 years$106,636$99,477$92,783$86,529$80,690$64,965
8 years$92,364$85,270$78,688$72,587$66,940$52,011
9 years$81,270$74,243$67,774$61,828$56,373$42,227
10 years$72,400$65,441$59,087$53,297$48,033$34,652
11 years$65,147$58,259$52,019$46,384$41,310$28,675
12 years$59,108$52,290$46,165$40,685$35,798$23,887
13 years$54,001$47,255$41,246$35,919$31,217$20,006
14 years$49,628$42,953$37,060$31,885$27,364$16,828
15 years$45,842$39,239$33,460$28,435$24,094$14,206
16 years$42,532$36,001$30,336$25,461$21,294$12,029
17 years$39,614$33,155$27,605$22,876$18,881$10,210
18 years$37,024$30,637$25,200$20,616$16,788$8,684
19 years$34,708$28,394$23,069$18,629$14,963$7,400
20 years$32,627$26,385$21,172$16,872$13,366$6,314
21 years$30,747$24,577$19,474$15,312$11,961$5,394
22 years$29,040$22,941$17,948$13,922$10,721$4,614
23 years$27,483$21,457$16,572$12,679$9,624$3,949
24 years$26,059$20,104$15,326$11,564$8,650$3,383
25 years$24,750$18,866$14,195$10,561$7,784$2,900
26 years$23,544$17,731$13,165$9,657$7,011$2,488
27 years$22,430$16,687$12,225$8,839$6,321$2,135
28 years$21,396$15,724$11,365$8,098$5,704$1,833
29 years$20,436$14,834$10,576$7,426$5,150$1,574
30 years$19,541$14,009$9,851$6,816$4,654$1,352
31 years$18,706$13,243$9,184$6,260$4,207$1,162
32 years$17,925$12,531$8,569$5,753$3,806$998
33 years$17,192$11,867$8,001$5,290$3,444$858
34 years$16,504$11,247$7,475$4,867$3,118$738
35 years$15,857$10,668$6,989$4,481$2,825$634
36 years$15,247$10,125$6,538$4,127$2,559$546
37 years$14,671$9,617$6,119$3,802$2,319$469
38 years$14,127$9,139$5,731$3,504$2,103$404
39 years$13,613$8,690$5,369$3,231$1,907$347
40 years$13,125$8,268$5,032$2,980$1,730$299
41 years$12,662$7,871$4,719$2,750$1,569$257
42 years$12,222$7,496$4,426$2,538$1,424$221
43 years$11,804$7,142$4,153$2,343$1,292$190
44 years$11,406$6,808$3,899$2,163$1,173$164
45 years$11,027$6,492$3,661$1,998$1,065$141
46 years$10,665$6,193$3,438$1,845$967$121
47 years$10,320$5,910$3,230$1,705$878$104
48 years$9,990$5,642$3,036$1,575$797$90
49 years$9,675$5,388$2,853$1,456$724$77
50 years$9,373$5,146$2,682$1,346$658$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,600,000, adding $5,875 every year, while hoping to spend $34,058 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: 72/19/9 Blend
53$9,600,000$9,600,000$9,600,000$9,600,000
54$10,585,260$10,076,460$9,927,660$11,330,010
55$11,628,719$10,533,969$10,223,999$12,280,310
56$12,777,470$11,012,755$10,529,124$13,315,680
57$14,042,215$11,513,823$10,843,294$14,448,371
58$15,434,750$12,038,230$11,166,773$15,687,976
59$16,968,071$12,587,079$11,499,836$17,045,053
60$18,656,498$13,161,530$11,842,765$18,531,221
61$20,515,812$13,762,796$12,195,849$20,159,269
62$22,563,401$14,392,150$12,559,386$21,943,277
63$24,818,426$15,050,923$12,933,683$23,898,741
64$27,302,001$15,740,513$13,319,056$26,042,722
65$30,037,391$16,462,384$13,715,831$28,394,001
66$33,050,234$17,218,071$14,124,341$30,973,258
67$36,368,782$18,009,180$14,544,930$33,803,262
68$40,024,165$18,837,398$14,977,953$36,909,081
69$44,050,690$19,704,490$15,423,774$40,318,321
70$48,486,157$20,612,307$15,882,767$44,061,380
71$53,372,225$21,562,790$16,355,320$48,171,733
72$58,754,797$22,557,971$16,841,828$52,686,243
73$64,684,457$23,599,982$17,342,700$57,645,511
74$71,216,947$24,691,057$17,858,356$63,094,247
75$78,413,694$25,833,538$18,389,230$69,081,697
76$86,342,387$27,029,877$18,935,764$75,662,099
77$95,077,617$28,282,647$19,498,419$82,895,193
78$104,701,582$29,594,545$20,077,664$90,846,778
79$115,304,861$30,968,396$20,673,984$99,589,333
80$126,987,273$32,407,163$21,287,878$109,202,694
81$139,858,812$33,913,951$21,919,859$119,774,802
82$154,040,691$35,492,015$22,570,455$131,402,530
83$169,666,485$37,144,767$23,240,209$144,192,594
84$186,883,389$38,875,784$23,929,679$158,262,548
85$205,853,612$40,688,814$24,639,440$173,741,895
86$226,755,903$42,587,789$25,370,084$190,773,303
87$249,787,243$44,576,828$26,122,219$209,513,940
88$275,164,699$46,660,250$26,896,471$230,136,958
89$303,127,480$48,842,584$27,693,484$252,833,114
90$333,939,188$51,128,575$28,513,921$277,812,570
91$367,890,310$53,523,200$29,358,462$305,306,866
92$405,300,960$56,031,676$30,227,809$335,571,098
93$446,523,901$58,659,470$31,122,683$368,886,318
94$491,947,872$61,412,317$32,043,826$405,562,182
95$542,001,261$64,296,228$32,992,001$445,939,859
96$597,156,150$67,317,503$33,967,994$490,395,245
97$657,932,767$70,482,750$34,972,611$539,342,502
98$724,904,399$73,798,895$36,006,683$593,237,959
99$798,702,806$77,273,199$37,071,065$652,584,406
100$880,024,183$80,913,276$38,166,636$717,935,830