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 years$924,886$916,647$908,609$900,764$893,104$864,169
2 years$457,864$449,337$441,073$433,060$425,287$396,408
3 years$302,211$293,647$285,403$277,466$269,820$241,902
4 years$224,399$215,861$207,700$199,898$192,438$165,695
5 years$177,725$169,238$161,184$153,541$146,288$120,792
6 years$146,618$138,195$130,261$122,788$115,753$91,524
7 years$124,408$116,056$108,247$100,951$94,138$71,175
8 years$107,758$99,482$91,802$84,685$78,097$56,382
9 years$94,815$86,617$79,069$72,133$65,769$45,278
10 years$84,467$76,348$68,934$62,179$56,038$36,740
11 years$76,005$67,969$60,689$54,115$48,195$30,053
12 years$68,959$61,005$53,860$47,466$41,764$24,739
13 years$63,002$55,131$48,120$41,905$36,419$20,469
14 years$57,900$50,112$43,236$37,199$31,925$17,005
15 years$53,482$45,778$39,036$33,175$28,109$14,175
16 years$49,620$42,001$35,392$29,704$24,843$11,848
17 years$46,216$38,681$32,205$26,689$22,028$9,925
18 years$43,194$35,743$29,399$24,052$19,586$8,330
19 years$40,493$33,126$26,914$21,733$17,457$7,002
20 years$38,065$30,783$24,700$19,684$15,593$5,894
21 years$35,871$28,673$22,719$17,864$13,954$4,966
22 years$33,880$26,765$20,939$16,243$12,508$4,188
23 years$32,064$25,033$19,334$14,793$11,228$3,535
24 years$30,402$23,454$17,881$13,492$10,092$2,985
25 years$28,875$22,010$16,561$12,321$9,081$2,522
26 years$27,468$20,686$15,359$11,266$8,180$2,132
27 years$26,168$19,468$14,263$10,312$7,375$1,803
28 years$24,962$18,345$13,259$9,448$6,655$1,526
29 years$23,842$17,306$12,339$8,664$6,009$1,291
30 years$22,798$16,344$11,493$7,951$5,429$1,093
31 years$21,824$15,450$10,715$7,303$4,909$925
32 years$20,912$14,619$9,997$6,711$4,440$783
33 years$20,058$13,845$9,334$6,172$4,018$663
34 years$19,255$13,122$8,721$5,679$3,638$562
35 years$18,500$12,446$8,154$5,227$3,295$476
36 years$17,788$11,813$7,628$4,814$2,986$403
37 years$17,117$11,219$7,139$4,436$2,706$341
38 years$16,482$10,662$6,686$4,089$2,453$289
39 years$15,881$10,139$6,264$3,770$2,225$245
40 years$15,312$9,646$5,871$3,477$2,018$208
41 years$14,772$9,182$5,505$3,208$1,831$176
42 years$14,259$8,745$5,164$2,961$1,661$149
43 years$13,771$8,332$4,846$2,733$1,508$126
44 years$13,307$7,942$4,549$2,524$1,368$107
45 years$12,865$7,574$4,271$2,331$1,242$91
46 years$12,443$7,225$4,011$2,153$1,128$77
47 years$12,040$6,895$3,769$1,989$1,024$65
48 years$11,655$6,582$3,541$1,838$930$55
49 years$11,287$6,286$3,329$1,698$845$47
50 years$10,935$6,004$3,130$1,570$767$40

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 $3,009 every year, while hoping to spend $20,079 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: 72/5/23 Blend
53$11,200,000$11,200,000$11,200,000$11,200,000
54$12,345,504$11,751,904$11,578,304$13,163,765
55$13,583,381$12,306,383$11,944,813$14,264,196
56$14,946,849$12,887,359$12,322,927$15,466,434
57$16,448,697$13,496,109$12,713,014$16,782,772
58$18,103,017$14,133,971$13,115,453$18,224,553
59$19,925,339$14,802,350$13,530,635$19,804,266
60$21,932,776$15,502,718$13,958,964$21,535,661
61$24,144,186$16,236,617$14,400,856$23,433,880
62$26,580,349$17,005,668$14,856,741$25,515,600
63$29,264,165$17,811,565$15,327,062$27,799,183
64$32,220,867$18,656,090$15,812,276$30,304,854
65$35,478,263$19,541,106$16,312,855$33,054,886
66$39,066,996$20,468,570$16,829,286$36,073,811
67$43,020,833$21,440,534$17,362,070$39,388,648
68$47,376,985$22,459,147$17,911,727$43,029,157
69$52,176,458$23,526,665$18,478,790$47,028,120
70$57,464,438$24,645,453$19,063,810$51,421,644
71$63,290,720$25,817,990$19,667,358$56,249,505
72$69,710,178$27,046,876$20,290,018$61,555,517
73$76,783,280$28,334,837$20,932,398$67,387,945
74$84,576,663$29,684,732$21,595,122$73,799,959
75$93,163,757$31,099,558$22,278,833$80,850,134
76$102,625,484$32,582,460$22,984,197$88,602,998
77$113,051,016$34,136,734$23,711,901$97,129,641
78$124,538,621$35,765,835$24,462,651$106,508,381
79$137,196,588$37,473,389$25,237,178$116,825,503
80$151,144,252$39,263,196$26,036,235$128,176,071
81$166,513,116$41,139,243$26,860,599$140,664,818
82$183,448,096$43,105,709$27,711,071$154,407,138
83$202,108,890$45,166,977$28,588,480$169,530,167
84$222,671,482$47,327,643$29,493,679$186,173,980
85$245,329,803$49,592,528$30,427,547$204,492,915
86$270,297,567$51,966,685$31,390,994$224,657,021
87$297,810,282$54,455,416$32,384,956$246,853,661
88$328,127,479$57,064,280$33,410,400$271,289,278
89$361,535,157$59,799,105$34,468,324$298,191,338
90$398,348,487$62,666,005$35,559,757$327,810,475
91$438,914,784$65,671,390$36,685,760$360,422,854
92$483,616,788$68,821,984$37,847,428$396,332,766
93$532,876,276$72,124,837$39,045,893$435,875,507
94$587,158,045$75,587,343$40,282,319$479,420,530
95$646,974,298$79,217,256$41,557,910$527,374,930
96$712,889,483$83,022,708$42,873,906$580,187,284
97$785,525,617$87,012,227$44,231,588$638,351,876
98$865,568,160$91,194,757$45,632,277$702,413,363
99$953,772,489$95,579,676$47,077,335$772,971,906
100$1,050,971,026$100,176,823$48,568,169$850,688,832