Can I retire at age 54 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$933,143$924,831$916,722$908,807$901,078$882,524
2 years$461,952$453,349$445,011$436,926$429,085$410,476
3 years$304,909$296,268$287,951$279,943$272,229$254,147
4 years$226,403$217,789$209,555$201,683$194,156$176,739
5 years$179,311$170,749$162,623$154,912$147,594$130,892
6 years$147,927$139,429$131,424$123,884$116,786$100,817
7 years$125,519$117,093$109,214$101,852$94,979$79,745
8 years$108,720$100,370$92,622$85,441$78,794$64,292
9 years$95,662$87,390$79,775$72,777$66,356$52,575
10 years$85,221$77,030$69,550$62,734$56,538$43,466
11 years$76,684$68,575$61,231$54,598$48,625$36,244
12 years$69,575$61,550$54,341$47,890$42,137$30,430
13 years$63,564$55,623$48,550$42,279$36,745$25,691
14 years$58,417$50,560$43,622$37,531$32,210$21,788
15 years$53,959$46,187$39,385$33,471$28,360$18,548
16 years$50,063$42,376$35,708$29,970$25,065$15,839
17 years$46,629$39,027$32,493$26,927$22,224$13,562
18 years$43,580$36,062$29,662$24,267$19,761$11,637
19 years$40,855$33,422$27,154$21,927$17,613$10,005
20 years$38,405$31,057$24,921$19,859$15,732$8,615
21 years$36,192$28,929$22,922$18,024$14,079$7,428
22 years$34,182$27,004$21,126$16,388$12,620$6,412
23 years$32,350$25,256$19,506$14,925$11,328$5,541
24 years$30,673$23,664$18,040$13,612$10,182$4,792
25 years$29,133$22,207$16,709$12,431$9,162$4,147
26 years$27,714$20,871$15,497$11,367$8,253$3,592
27 years$26,402$19,642$14,390$10,404$7,441$3,112
28 years$25,185$18,509$13,377$9,532$6,714$2,698
29 years$24,055$17,461$12,449$8,741$6,063$2,340
30 years$23,002$16,490$11,596$8,022$5,478$2,030
31 years$22,019$15,588$10,810$7,368$4,953$1,762
32 years$21,099$14,750$10,086$6,771$4,480$1,529
33 years$20,237$13,968$9,417$6,227$4,054$1,328
34 years$19,427$13,239$8,799$5,729$3,671$1,153
35 years$18,665$12,557$8,227$5,274$3,325$1,002
36 years$17,947$11,918$7,696$4,857$3,012$870
37 years$17,269$11,320$7,203$4,475$2,730$756
38 years$16,629$10,758$6,745$4,125$2,475$657
39 years$16,023$10,229$6,320$3,803$2,245$571
40 years$15,449$9,732$5,923$3,508$2,036$496
41 years$14,904$9,264$5,554$3,237$1,847$431
42 years$14,387$8,823$5,210$2,987$1,676$375
43 years$13,894$8,407$4,889$2,757$1,521$326
44 years$13,426$8,013$4,589$2,546$1,381$283
45 years$12,980$7,641$4,309$2,351$1,253$246
46 years$12,554$7,290$4,047$2,172$1,138$214
47 years$12,148$6,956$3,802$2,007$1,033$186
48 years$11,759$6,641$3,573$1,854$938$162
49 years$11,388$6,342$3,358$1,714$852$141
50 years$11,033$6,058$3,157$1,584$774$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,300,000, adding $4,471 every year, while hoping to spend $48,939 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: 56/14/30 Blend
53$11,300,000$11,300,000$11,300,000$11,300,000
54$12,457,212$11,858,312$11,683,162$13,051,129
55$13,675,777$12,387,298$12,022,477$13,990,218
56$15,016,995$12,940,565$12,371,519$15,007,505
57$16,493,326$13,519,250$12,730,562$16,115,010
58$18,118,497$14,124,545$13,099,888$17,321,468
59$19,907,635$14,757,700$13,479,786$18,636,487
60$21,877,409$15,420,022$13,870,554$20,070,638
61$24,046,184$16,112,883$14,272,497$21,635,550
62$26,434,199$16,837,718$14,685,929$23,344,022
63$29,063,753$17,596,032$15,111,174$25,210,137
64$31,959,420$18,389,401$15,548,562$27,249,392
65$35,148,276$19,219,477$15,998,435$29,478,848
66$38,660,159$20,087,991$16,461,141$31,917,279
67$42,527,947$20,996,754$16,937,041$34,585,353
68$46,787,870$21,947,667$17,426,504$37,505,821
69$51,479,850$22,942,720$17,929,909$40,703,732
70$56,647,880$23,983,998$18,447,646$44,206,661
71$62,340,437$25,073,688$18,980,116$48,044,969
72$68,610,941$26,214,078$19,527,729$52,252,087
73$75,518,257$27,407,568$20,090,908$56,864,825
74$83,127,253$28,656,672$20,670,087$61,923,719
75$91,509,410$29,964,026$21,265,712$67,473,406
76$100,743,497$31,332,391$21,878,241$73,563,044
77$110,916,315$32,764,659$22,508,143$80,246,771
78$122,123,516$34,263,863$23,155,902$87,584,209
79$134,470,503$35,833,182$23,822,013$95,641,028
80$148,073,430$37,475,943$24,506,987$104,489,554
81$163,060,295$39,195,639$25,211,345$114,209,452
82$179,572,145$40,995,926$25,935,626$124,888,471
83$197,764,415$42,880,638$26,680,381$136,623,265
84$217,808,388$44,853,792$27,446,176$149,520,303
85$239,892,815$46,919,598$28,233,594$163,696,866
86$264,225,694$49,082,470$29,043,231$179,282,147
87$291,036,236$51,347,033$29,875,701$196,418,468
88$320,577,029$53,718,134$30,731,634$215,262,611
89$353,126,418$56,200,855$31,611,676$235,987,298
90$388,991,137$58,800,521$32,516,491$258,782,806
91$428,509,200$61,522,714$33,446,761$283,858,765
92$472,053,096$64,373,285$34,403,185$311,446,119
93$520,033,303$67,358,367$35,386,483$341,799,307
94$572,902,160$70,484,387$36,397,390$375,198,650
95$631,158,143$73,758,085$37,436,665$411,952,992
96$695,350,565$77,186,522$38,505,085$452,402,603
97$766,084,765$80,777,104$39,603,447$496,922,385
98$844,027,818$84,537,589$40,732,570$545,925,398
99$929,914,839$88,476,114$41,893,294$599,866,752
100$1,024,555,915$92,601,207$43,086,483$659,247,888