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%18.1%
1 years$924,886$916,647$908,609$900,764$893,104$863,824
2 years$457,864$449,337$441,073$433,060$425,287$396,068
3 years$302,211$293,647$285,403$277,466$269,820$241,578
4 years$224,399$215,861$207,700$199,898$192,438$165,389
5 years$177,725$169,238$161,184$153,541$146,288$120,506
6 years$146,618$138,195$130,261$122,788$115,753$91,257
7 years$124,408$116,056$108,247$100,951$94,138$70,927
8 years$107,758$99,482$91,802$84,685$78,097$56,152
9 years$94,815$86,617$79,069$72,133$65,769$45,066
10 years$84,467$76,348$68,934$62,179$56,038$36,545
11 years$76,005$67,969$60,689$54,115$48,195$29,874
12 years$68,959$61,005$53,860$47,466$41,764$24,576
13 years$63,002$55,131$48,120$41,905$36,419$20,320
14 years$57,900$50,112$43,236$37,199$31,925$16,870
15 years$53,482$45,778$39,036$33,175$28,109$14,052
16 years$49,620$42,001$35,392$29,704$24,843$11,737
17 years$46,216$38,681$32,205$26,689$22,028$9,825
18 years$43,194$35,743$29,399$24,052$19,586$8,240
19 years$40,493$33,126$26,914$21,733$17,457$6,921
20 years$38,065$30,783$24,700$19,684$15,593$5,821
21 years$35,871$28,673$22,719$17,864$13,954$4,901
22 years$33,880$26,765$20,939$16,243$12,508$4,130
23 years$32,064$25,033$19,334$14,793$11,228$3,483
24 years$30,402$23,454$17,881$13,492$10,092$2,939
25 years$28,875$22,010$16,561$12,321$9,081$2,481
26 years$27,468$20,686$15,359$11,266$8,180$2,096
27 years$26,168$19,468$14,263$10,312$7,375$1,771
28 years$24,962$18,345$13,259$9,448$6,655$1,497
29 years$23,842$17,306$12,339$8,664$6,009$1,266
30 years$22,798$16,344$11,493$7,951$5,429$1,070
31 years$21,824$15,450$10,715$7,303$4,909$905
32 years$20,912$14,619$9,997$6,711$4,440$766
33 years$20,058$13,845$9,334$6,172$4,018$648
34 years$19,255$13,122$8,721$5,679$3,638$548
35 years$18,500$12,446$8,154$5,227$3,295$464
36 years$17,788$11,813$7,628$4,814$2,986$393
37 years$17,117$11,219$7,139$4,436$2,706$332
38 years$16,482$10,662$6,686$4,089$2,453$281
39 years$15,881$10,139$6,264$3,770$2,225$238
40 years$15,312$9,646$5,871$3,477$2,018$202
41 years$14,772$9,182$5,505$3,208$1,831$171
42 years$14,259$8,745$5,164$2,961$1,661$145
43 years$13,771$8,332$4,846$2,733$1,508$122
44 years$13,307$7,942$4,549$2,524$1,368$104
45 years$12,865$7,574$4,271$2,331$1,242$88
46 years$12,443$7,225$4,011$2,153$1,128$74
47 years$12,040$6,895$3,769$1,989$1,024$63
48 years$11,655$6,582$3,541$1,838$930$53
49 years$11,287$6,286$3,329$1,698$845$45
50 years$10,935$6,004$3,130$1,570$767$38

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 $2,217 every year, while hoping to spend $53,668 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: 44/38/18 Blend
53$11,200,000$11,200,000$11,200,000$11,200,000
54$12,344,687$11,751,087$11,577,487$12,823,511
55$13,546,743$12,269,788$11,908,230$13,678,786
56$14,869,609$12,812,106$12,248,255$14,599,776
57$16,325,553$13,379,143$12,597,815$15,596,924
58$17,928,089$13,972,051$12,957,172$16,677,291
59$19,692,110$14,592,037$13,326,592$17,848,629
60$21,634,024$15,240,366$13,706,353$19,119,449
61$23,771,914$15,918,363$14,096,734$20,499,101
62$26,125,701$16,627,415$14,498,027$21,997,851
63$28,717,340$17,368,976$14,910,529$23,626,979
64$31,571,021$18,144,568$15,334,543$25,398,878
65$34,713,399$18,955,786$15,770,385$27,327,167
66$38,173,848$19,804,301$16,218,374$29,426,814
67$41,984,732$20,691,863$16,678,841$31,714,272
68$46,181,716$21,620,306$17,152,124$34,207,628
69$50,804,101$22,591,551$17,638,570$36,926,769
70$55,895,192$23,607,610$18,138,536$39,893,560
71$61,502,711$24,670,592$18,652,385$43,132,050
72$67,679,242$25,782,705$19,180,495$46,668,687
73$74,482,731$26,946,265$19,723,248$50,532,561
74$81,977,033$28,163,695$20,281,041$54,755,675
75$90,232,512$29,437,537$20,854,277$59,373,235
76$99,326,704$30,770,453$21,443,371$64,423,976
77$109,345,055$32,165,232$22,048,751$69,950,519
78$120,381,718$33,624,796$22,670,851$75,999,764
79$132,540,450$35,152,208$23,310,122$82,623,326
80$145,935,587$36,750,677$23,967,022$89,878,008
81$160,693,121$38,423,565$24,642,022$97,826,330
82$176,951,896$40,174,395$25,335,606$106,537,108
83$194,864,910$42,006,861$26,048,269$116,086,094
84$214,600,765$43,924,832$26,780,520$126,556,675
85$236,345,255$45,932,361$27,532,880$138,040,654
86$260,303,123$48,033,699$28,305,883$150,639,099
87$286,699,989$50,233,297$29,100,078$164,463,286
88$315,784,483$52,535,823$29,916,025$179,635,737
89$347,830,589$54,946,168$30,754,301$196,291,357
90$383,140,235$57,469,456$31,615,496$214,578,698
91$422,046,139$60,111,059$32,500,215$234,661,343
92$464,914,952$62,876,608$33,409,079$256,719,434
93$512,150,717$65,772,001$34,342,723$280,951,353
94$564,198,684$68,803,424$35,301,799$307,575,581
95$621,549,516$71,977,357$36,286,975$336,832,737
96$684,743,912$75,300,594$37,298,934$368,987,832
97$754,377,723$78,780,254$38,338,380$404,332,750
98$831,107,564$82,423,801$39,406,030$443,188,981
99$915,657,024$86,239,055$40,502,620$485,910,633
100$1,008,823,489$90,234,217$41,628,906$532,887,752