Can I retire at age 54 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$924,886$916,647$908,609$900,764$893,104$878,670
2 years$457,864$449,337$441,073$433,060$425,287$410,785
3 years$302,211$293,647$285,403$277,466$269,820$255,701
4 years$224,399$215,861$207,700$199,898$192,438$178,811
5 years$177,725$169,238$161,184$153,541$146,288$133,192
6 years$146,618$138,195$130,261$122,788$115,753$103,203
7 years$124,408$116,056$108,247$100,951$94,138$82,138
8 years$107,758$99,482$91,802$84,685$78,097$66,645
9 years$94,815$86,617$79,069$72,133$65,769$54,859
10 years$84,467$76,348$68,934$62,179$56,038$45,661
11 years$76,005$67,969$60,689$54,115$48,195$38,339
12 years$68,959$61,005$53,860$47,466$41,764$32,419
13 years$63,002$55,131$48,120$41,905$36,419$27,569
14 years$57,900$50,112$43,236$37,199$31,925$23,556
15 years$53,482$45,778$39,036$33,175$28,109$20,206
16 years$49,620$42,001$35,392$29,704$24,843$17,389
17 years$46,216$38,681$32,205$26,689$22,028$15,006
18 years$43,194$35,743$29,399$24,052$19,586$12,980
19 years$40,493$33,126$26,914$21,733$17,457$11,250
20 years$38,065$30,783$24,700$19,684$15,593$9,767
21 years$35,871$28,673$22,719$17,864$13,954$8,493
22 years$33,880$26,765$20,939$16,243$12,508$7,393
23 years$32,064$25,033$19,334$14,793$11,228$6,444
24 years$30,402$23,454$17,881$13,492$10,092$5,621
25 years$28,875$22,010$16,561$12,321$9,081$4,907
26 years$27,468$20,686$15,359$11,266$8,180$4,288
27 years$26,168$19,468$14,263$10,312$7,375$3,748
28 years$24,962$18,345$13,259$9,448$6,655$3,279
29 years$23,842$17,306$12,339$8,664$6,009$2,869
30 years$22,798$16,344$11,493$7,951$5,429$2,512
31 years$21,824$15,450$10,715$7,303$4,909$2,200
32 years$20,912$14,619$9,997$6,711$4,440$1,927
33 years$20,058$13,845$9,334$6,172$4,018$1,689
34 years$19,255$13,122$8,721$5,679$3,638$1,480
35 years$18,500$12,446$8,154$5,227$3,295$1,297
36 years$17,788$11,813$7,628$4,814$2,986$1,138
37 years$17,117$11,219$7,139$4,436$2,706$998
38 years$16,482$10,662$6,686$4,089$2,453$875
39 years$15,881$10,139$6,264$3,770$2,225$768
40 years$15,312$9,646$5,871$3,477$2,018$673
41 years$14,772$9,182$5,505$3,208$1,831$591
42 years$14,259$8,745$5,164$2,961$1,661$518
43 years$13,771$8,332$4,846$2,733$1,508$455
44 years$13,307$7,942$4,549$2,524$1,368$399
45 years$12,865$7,574$4,271$2,331$1,242$350
46 years$12,443$7,225$4,011$2,153$1,128$307
47 years$12,040$6,895$3,769$1,989$1,024$270
48 years$11,655$6,582$3,541$1,838$930$237
49 years$11,287$6,286$3,329$1,698$845$208
50 years$10,935$6,004$3,130$1,570$767$183

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,200,000, adding $5,682 every year, while hoping to spend $43,339 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: 49/37/14 Blend
53$11,200,000$11,200,000$11,200,000$11,200,000
54$12,348,261$11,754,661$11,581,061$12,905,388
55$13,561,671$12,284,527$11,922,914$13,819,508
56$14,897,397$12,838,904$12,274,767$14,806,959
57$16,367,868$13,418,947$12,636,908$15,878,623
58$17,986,782$14,025,867$13,009,636$17,042,411
59$19,769,231$14,660,931$13,393,256$18,307,007
60$21,731,845$15,325,470$13,788,083$19,681,954
61$23,892,950$16,020,874$14,194,440$21,177,734
62$26,272,738$16,748,604$14,612,661$22,805,866
63$28,893,459$17,510,188$15,043,087$24,579,006
64$31,779,633$18,307,228$15,486,071$26,511,068
65$34,958,276$19,141,402$15,941,975$28,617,344
66$38,459,159$20,014,471$16,411,171$30,914,648
67$42,315,090$20,928,276$16,894,042$33,421,464
68$46,562,219$21,884,751$17,390,981$36,158,120
69$51,240,380$22,885,919$17,902,395$39,146,972
70$56,393,472$23,933,902$18,428,698$42,412,606
71$62,069,866$25,030,924$18,970,319$45,982,068
72$68,322,867$26,179,313$19,527,699$49,885,109
73$75,211,213$27,381,513$20,101,290$54,154,460
74$82,799,631$28,640,082$20,691,558$58,826,133
75$91,159,450$29,957,702$21,298,982$63,939,754
76$100,369,269$31,337,185$21,924,053$69,538,929
77$110,515,704$32,781,476$22,567,278$75,671,645
78$121,694,201$34,293,664$23,229,178$82,390,715
79$134,009,941$35,876,985$23,910,287$89,754,268
80$147,578,829$37,534,831$24,611,155$97,826,287
81$162,528,589$39,270,757$25,332,348$106,677,203
82$178,999,972$41,088,491$26,074,449$116,384,548
83$197,148,080$42,991,938$26,838,053$127,033,679
84$217,143,833$44,985,192$27,623,777$138,718,565
85$239,175,582$47,072,545$28,432,252$151,542,672
86$263,450,887$49,258,495$29,264,128$165,619,916
87$290,198,474$51,547,757$30,120,073$181,075,733
88$319,670,396$53,945,275$31,000,773$198,048,244
89$352,144,412$56,456,229$31,906,934$216,689,546
90$387,926,608$59,086,051$32,839,283$237,167,134
91$427,354,287$61,840,432$33,798,564$259,665,462
92$470,799,154$64,725,343$34,785,545$284,387,671
93$518,670,820$67,747,037$35,801,014$311,557,485
94$571,420,677$70,912,075$36,845,780$341,421,309
95$629,546,150$74,227,331$37,920,678$374,250,534
96$693,595,399$77,700,011$39,026,562$410,344,075
97$764,172,491$81,337,673$40,164,313$450,031,177
98$841,943,102$85,148,237$41,334,835$493,674,498
99$927,640,804$89,140,006$42,539,058$541,673,508
100$1,022,073,987$93,321,687$43,777,937$594,468,241