Can I retire at age 54 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$916,628$908,463$900,497$892,722$885,130$875,886
2 years$453,776$445,325$437,134$429,193$421,490$412,182
3 years$299,512$291,025$282,855$274,988$267,411$258,326
4 years$222,396$213,934$205,846$198,114$190,720$181,928
5 years$176,138$167,727$159,745$152,170$144,982$136,510
6 years$145,309$136,962$129,098$121,692$114,719$106,578
7 years$123,297$115,020$107,281$100,049$93,298$85,489
8 years$106,796$98,593$90,983$83,929$77,399$69,924
9 years$93,968$85,843$78,363$71,489$65,181$58,036
10 years$83,712$75,667$68,319$61,624$55,538$48,718
11 years$75,327$67,362$60,147$53,631$47,764$41,265
12 years$68,343$60,460$53,379$47,042$41,392$35,206
13 years$62,439$54,638$47,690$41,531$36,094$30,214
14 years$57,383$49,665$42,850$36,867$31,640$26,058
15 years$53,004$45,370$38,688$32,879$27,858$22,566
16 years$49,177$41,626$35,076$29,439$24,621$19,610
17 years$45,804$38,336$31,918$26,451$21,831$17,091
18 years$42,808$35,424$29,137$23,838$19,411$14,933
19 years$40,132$32,831$26,673$21,539$17,302$13,075
20 years$37,725$30,508$24,480$19,508$15,454$11,470
21 years$35,551$28,417$22,517$17,705$13,830$10,079
22 years$33,577$26,526$20,752$16,098$12,396$8,868
23 years$31,778$24,809$19,161$14,660$11,128$7,812
24 years$30,131$23,245$17,721$13,371$10,002$6,890
25 years$28,618$21,814$16,413$12,211$9,000$6,082
26 years$27,223$20,502$15,222$11,165$8,107$5,373
27 years$25,934$19,294$14,135$10,220$7,309$4,750
28 years$24,739$18,181$13,141$9,364$6,595$4,202
29 years$23,629$17,152$12,228$8,587$5,955$3,719
30 years$22,595$16,198$11,390$7,880$5,381$3,293
31 years$21,629$15,312$10,619$7,238$4,865$2,918
32 years$20,726$14,489$9,908$6,652$4,401$2,586
33 years$19,878$13,721$9,251$6,117$3,983$2,293
34 years$19,083$13,004$8,643$5,628$3,606$2,033
35 years$18,335$12,334$8,081$5,181$3,266$1,803
36 years$17,629$11,707$7,560$4,771$2,959$1,600
37 years$16,964$11,119$7,076$4,396$2,682$1,420
38 years$16,335$10,567$6,626$4,052$2,431$1,260
39 years$15,740$10,048$6,208$3,736$2,205$1,119
40 years$15,175$9,560$5,819$3,446$2,000$994
41 years$14,640$9,100$5,456$3,179$1,814$882
42 years$14,132$8,667$5,118$2,934$1,646$784
43 years$13,649$8,258$4,802$2,709$1,494$696
44 years$13,188$7,871$4,508$2,501$1,356$618
45 years$12,750$7,506$4,233$2,310$1,231$549
46 years$12,332$7,161$3,976$2,134$1,118$488
47 years$11,933$6,833$3,735$1,971$1,015$433
48 years$11,551$6,523$3,510$1,821$922$385
49 years$11,186$6,229$3,299$1,683$837$342
50 years$10,837$5,951$3,102$1,556$760$304

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,100,000, adding $6,745 every year, while hoping to spend $26,281 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: 26/45/29 Blend
53$11,100,000$11,100,000$11,100,000$11,100,000
54$12,239,157$11,650,857$11,478,807$12,446,516
55$13,459,589$12,193,787$11,835,385$13,161,391
56$14,803,623$12,762,439$12,203,027$13,925,155
57$16,283,841$13,358,046$12,582,076$14,744,083
58$17,914,103$13,981,901$12,972,886$15,622,862
59$19,709,685$14,635,358$13,375,821$16,566,619
60$21,687,420$15,319,837$13,791,258$17,580,959
61$23,865,855$16,036,827$14,219,584$18,672,015
62$26,265,429$16,787,889$14,661,197$19,846,499
63$28,908,666$17,574,658$15,116,510$21,111,762
64$31,820,384$18,398,851$15,585,947$22,475,850
65$35,027,932$19,262,264$16,069,945$23,947,581
66$38,561,450$20,166,783$16,568,957$25,536,614
67$42,454,147$21,114,385$17,083,446$27,253,537
68$46,742,622$22,107,141$17,613,893$29,109,959
69$51,467,202$23,147,224$18,160,792$31,118,608
70$56,672,331$24,236,912$18,724,652$33,293,445
71$62,406,979$25,378,591$19,305,999$35,649,786
72$68,725,115$26,574,766$19,905,374$38,204,439
73$75,686,209$27,828,062$20,523,336$40,975,849
74$83,355,794$29,141,229$21,160,460$43,984,265
75$91,806,090$30,517,154$21,817,340$47,251,918
76$101,116,678$31,958,861$22,494,587$50,803,222
77$111,375,256$33,469,523$23,192,833$54,664,991
78$122,678,467$35,052,464$23,912,728$58,866,679
79$135,132,808$36,711,172$24,654,941$63,440,647
80$148,855,637$38,449,302$25,420,165$68,422,454
81$163,976,282$40,270,688$26,209,110$73,851,177
82$180,637,261$42,179,349$27,022,513$79,769,768
83$198,995,624$44,179,500$27,861,130$86,225,442
84$219,224,441$46,275,559$28,725,741$93,270,106
85$241,514,432$48,472,160$29,617,152$100,960,835
86$266,075,769$50,774,160$30,536,191$109,360,389
87$293,140,058$53,186,655$31,483,714$118,537,788
88$322,962,529$55,714,986$32,460,603$128,568,948
89$355,824,440$58,364,754$33,467,767$139,537,371
90$392,035,738$61,141,832$34,506,143$151,534,915
91$431,937,980$64,052,379$35,576,695$164,662,642
92$475,907,561$67,102,852$36,680,422$179,031,743
93$524,359,264$70,300,024$37,818,348$194,764,565
94$577,750,179$73,650,994$38,991,532$211,995,743
95$636,584,014$77,163,210$40,201,065$230,873,443
96$701,415,855$80,844,479$41,448,073$251,560,729
97$772,857,403$84,702,989$42,733,713$274,237,080
98$851,582,748$88,747,325$44,059,182$299,100,046
99$938,334,735$92,986,491$45,425,712$326,367,088
100$1,033,931,978$97,429,929$46,834,573$356,277,593