Can I retire at age 54 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$801,017$793,882$786,921$780,126$773,492$747,834
2 years$396,543$389,158$382,000$375,061$368,329$342,729
3 years$261,736$254,319$247,180$240,305$233,683$208,943
4 years$194,346$186,951$179,883$173,126$166,665$142,975
5 years$153,922$146,572$139,597$132,978$126,696$104,119
6 years$126,982$119,687$112,815$106,343$100,250$78,805
7 years$107,746$100,513$93,750$87,431$81,530$61,213
8 years$93,326$86,158$79,507$73,343$67,637$48,434
9 years$82,117$75,016$68,480$62,472$56,960$38,848
10 years$73,154$66,123$59,702$53,852$48,533$31,482
11 years$65,826$58,866$52,561$46,867$41,740$25,719
12 years$59,723$52,835$46,646$41,109$36,171$21,144
13 years$54,564$47,747$41,675$36,293$31,542$17,470
14 years$50,145$43,401$37,446$32,217$27,649$14,494
15 years$46,319$39,647$33,808$28,732$24,345$12,064
16 years$42,975$36,376$30,652$25,726$21,516$10,069
17 years$40,027$33,501$27,892$23,115$19,078$8,423
18 years$37,409$30,956$25,462$20,831$16,963$7,059
19 years$35,070$28,690$23,309$18,823$15,119$5,924
20 years$32,967$26,660$21,392$17,047$13,505$4,979
21 years$31,067$24,833$19,677$15,472$12,085$4,189
22 years$29,342$23,180$18,135$14,067$10,833$3,527
23 years$27,770$21,680$16,744$12,811$9,724$2,972
24 years$26,330$20,313$15,486$11,685$8,740$2,506
25 years$25,008$19,063$14,343$10,671$7,865$2,114
26 years$23,790$17,916$13,302$9,757$7,084$1,784
27 years$22,663$16,861$12,352$8,931$6,387$1,507
28 years$21,619$15,888$11,483$8,183$5,763$1,272
29 years$20,649$14,988$10,686$7,504$5,204$1,075
30 years$19,745$14,155$9,954$6,887$4,702$908
31 years$18,901$13,381$9,280$6,325$4,251$768
32 years$18,111$12,661$8,658$5,813$3,846$649
33 years$17,371$11,990$8,084$5,345$3,480$549
34 years$16,676$11,364$7,553$4,918$3,151$464
35 years$16,022$10,779$7,062$4,527$2,854$392
36 years$15,406$10,231$6,606$4,170$2,586$332
37 years$14,824$9,717$6,183$3,842$2,344$280
38 years$14,275$9,234$5,790$3,541$2,125$237
39 years$13,754$8,781$5,425$3,265$1,927$201
40 years$13,261$8,354$5,085$3,011$1,748$170
41 years$12,794$7,953$4,768$2,778$1,586$144
42 years$12,350$7,574$4,472$2,564$1,439$121
43 years$11,927$7,216$4,197$2,367$1,306$103
44 years$11,525$6,879$3,939$2,186$1,185$87
45 years$11,142$6,559$3,699$2,018$1,076$74
46 years$10,776$6,257$3,474$1,864$977$62
47 years$10,428$5,971$3,264$1,723$887$53
48 years$10,094$5,701$3,067$1,592$806$45
49 years$9,776$5,444$2,883$1,471$732$38
50 years$9,471$5,200$2,710$1,360$665$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $9,700,000, adding $6,111 every year, while hoping to spend $43,440 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: 40/46/14 Blend
53$9,700,000$9,700,000$9,700,000$9,700,000
54$10,695,703$10,181,603$10,031,253$11,078,690
55$11,740,445$10,634,282$10,321,081$11,803,156
56$12,890,295$11,107,686$10,619,161$12,581,675
57$14,155,928$11,602,785$10,925,725$13,422,930
58$15,549,106$12,120,595$11,241,011$14,332,631
59$17,082,790$12,662,180$11,565,260$15,317,039
60$18,771,262$13,228,654$11,898,723$16,383,025
61$20,630,258$13,821,185$12,241,658$17,538,125
62$22,677,117$14,440,997$12,594,327$18,790,612
63$24,930,948$15,089,370$12,957,001$20,149,565
64$27,412,803$15,767,648$13,329,959$21,624,953
65$30,145,883$16,477,236$13,713,487$23,227,723
66$33,155,751$17,219,609$14,107,877$24,969,897
67$36,470,579$17,996,311$14,513,432$26,864,682
68$40,121,406$18,808,959$14,930,460$28,926,585
69$44,142,439$19,659,247$15,359,280$31,171,548
70$48,571,370$20,548,952$15,800,218$33,617,091
71$53,449,733$21,479,934$16,253,608$36,282,469
72$58,823,298$22,454,143$16,719,797$39,188,846
73$64,742,500$23,473,622$17,199,135$42,359,493
74$71,262,916$24,540,510$17,691,987$45,819,993
75$78,445,789$25,657,052$18,198,725$49,598,478
76$86,358,609$26,825,596$18,719,732$53,725,887
77$95,075,744$28,048,607$19,255,400$58,236,248
78$104,679,146$29,328,666$19,806,132$63,166,988
79$115,259,125$30,668,475$20,372,343$68,559,281
80$126,915,196$32,070,871$20,954,456$74,458,424
81$139,757,025$33,538,823$21,552,910$80,914,253
82$153,905,459$35,075,443$22,168,150$87,981,605
83$169,493,671$36,683,994$22,800,638$95,720,822
84$186,668,410$38,367,895$23,450,844$104,198,311
85$205,591,394$40,130,728$24,119,254$113,487,155
86$226,440,830$41,976,248$24,806,363$123,667,793
87$249,413,101$43,908,391$25,512,683$134,828,763
88$274,724,617$45,931,280$26,238,736$147,067,524
89$302,613,855$48,049,240$26,985,061$160,491,362
90$333,343,616$50,266,801$27,752,208$175,218,385
91$367,203,501$52,588,711$28,540,744$191,378,624
92$404,512,649$55,019,949$29,351,250$209,115,240
93$445,622,743$57,565,730$30,184,320$228,585,860
94$490,921,335$60,231,523$31,040,568$249,964,043
95$540,835,504$63,023,060$31,920,619$273,440,904
96$595,835,884$65,946,348$32,825,118$299,226,889
97$656,441,110$69,007,685$33,754,726$327,553,748
98$723,222,713$72,213,672$34,710,119$358,676,696
99$796,810,515$75,571,227$35,691,993$392,876,797
100$877,898,573$79,087,603$36,701,061$430,463,595