Can I retire at age 54 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$941,401$933,016$924,835$916,849$909,052$873,674
2 years$466,040$457,361$448,949$440,793$432,882$397,667
3 years$307,607$298,890$290,500$282,420$274,638$240,694
4 years$228,406$219,716$211,409$203,468$195,874$163,460
5 years$180,898$172,260$164,062$156,283$148,900$118,099
6 years$149,236$140,663$132,587$124,981$117,820$88,651
7 years$126,630$118,129$110,180$102,754$95,819$68,274
8 years$109,682$101,258$93,442$86,197$79,491$53,542
9 years$96,508$88,163$80,481$73,421$66,943$42,551
10 years$85,975$77,712$70,165$63,290$57,039$34,159
11 years$77,362$69,182$61,772$55,081$49,055$27,634
12 years$70,191$62,094$54,821$48,313$42,510$22,492
13 years$64,127$56,115$48,979$42,653$37,070$18,395
14 years$58,934$51,007$44,008$37,863$32,495$15,102
15 years$54,437$46,596$39,733$33,767$28,611$12,437
16 years$50,506$42,751$36,024$30,235$25,287$10,268
17 years$47,042$39,372$32,781$27,166$22,421$8,494
18 years$43,965$36,381$29,924$24,482$19,936$7,039
19 years$41,216$33,718$27,394$22,121$17,769$5,841
20 years$38,745$31,332$25,141$20,035$15,872$4,853
21 years$36,512$29,185$23,125$18,183$14,203$4,036
22 years$34,485$27,243$21,313$16,533$12,731$3,358
23 years$32,637$25,480$19,679$15,057$11,428$2,797
24 years$30,945$23,873$18,200$13,733$10,272$2,330
25 years$29,391$22,404$16,857$12,541$9,243$1,942
26 years$27,959$21,056$15,634$11,467$8,326$1,620
27 years$26,635$19,816$14,517$10,496$7,507$1,351
28 years$25,408$18,672$13,496$9,617$6,773$1,127
29 years$24,268$17,615$12,559$8,819$6,116$941
30 years$23,205$16,636$11,698$8,093$5,526$785
31 years$22,214$15,726$10,906$7,433$4,996$655
32 years$21,286$14,880$10,175$6,831$4,520$547
33 years$20,416$14,092$9,501$6,282$4,090$457
34 years$19,599$13,356$8,877$5,780$3,703$382
35 years$18,830$12,668$8,299$5,321$3,354$319
36 years$18,106$12,024$7,764$4,900$3,039$266
37 years$17,422$11,420$7,267$4,515$2,754$222
38 years$16,776$10,853$6,805$4,162$2,497$186
39 years$16,165$10,320$6,376$3,837$2,264$155
40 years$15,586$9,819$5,976$3,539$2,054$130
41 years$15,036$9,346$5,603$3,265$1,863$108
42 years$14,514$8,901$5,256$3,014$1,691$90
43 years$14,017$8,481$4,932$2,782$1,535$76
44 years$13,545$8,084$4,630$2,569$1,393$63
45 years$13,095$7,709$4,347$2,372$1,264$53
46 years$12,665$7,354$4,083$2,191$1,148$44
47 years$12,255$7,018$3,836$2,024$1,043$37
48 years$11,863$6,700$3,605$1,871$947$31
49 years$11,489$6,398$3,388$1,729$860$26
50 years$11,130$6,111$3,185$1,598$781$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,400,000, adding $6,779 every year, while hoping to spend $41,106 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: 65/30/5 Blend
53$11,400,000$11,400,000$11,400,000$11,400,000
54$12,569,793$11,965,593$11,788,893$13,377,927
55$13,808,175$12,508,170$12,140,084$14,458,072
56$15,171,495$13,075,956$12,501,663$15,632,098
57$16,672,452$13,670,143$12,873,933$16,913,579
58$18,325,041$14,291,979$13,257,209$18,312,947
59$20,144,682$14,942,773$13,651,812$19,841,677
60$22,148,366$15,623,896$14,058,075$21,512,388
61$24,354,818$16,336,785$14,476,339$23,338,963
62$26,784,669$17,082,946$14,906,955$25,336,671
63$29,460,652$17,863,958$15,350,285$27,522,313
64$32,407,820$18,681,473$15,806,701$29,914,372
65$35,653,778$19,537,226$16,276,586$32,533,189
66$39,228,945$20,433,031$16,760,333$35,401,144
67$43,166,841$21,370,794$17,258,348$38,542,868
68$47,504,403$22,352,507$17,771,048$41,985,469
69$52,282,336$23,380,263$18,298,861$45,758,781
70$57,545,490$24,456,252$18,842,229$49,895,647
71$63,343,293$25,582,771$19,401,606$54,432,216
72$69,730,208$26,762,226$19,977,459$59,408,282
73$76,766,255$27,997,141$20,570,270$64,867,656
74$84,517,570$29,290,159$21,180,531$70,858,571
75$93,057,037$30,644,051$21,808,753$77,434,129
76$102,464,967$32,061,722$22,455,459$84,652,801
77$112,829,864$33,546,216$23,121,187$92,578,967
78$124,249,254$35,100,725$23,806,491$101,283,518
79$136,830,611$36,728,593$24,511,941$110,844,521
80$150,692,365$38,433,327$25,238,124$121,347,941
81$165,965,028$40,218,601$25,985,642$132,888,450
82$182,792,416$42,088,268$26,755,117$145,570,310
83$201,333,015$44,046,365$27,547,186$159,508,348
84$221,761,472$46,097,127$28,362,506$174,829,029
85$244,270,245$48,244,989$29,201,752$191,671,643
86$269,071,419$50,494,603$30,065,621$210,189,607
87$296,398,710$52,850,844$30,954,825$230,551,903
88$326,509,668$55,318,825$31,870,101$252,944,660
89$359,688,110$57,903,903$32,812,205$277,572,902
90$396,246,798$60,611,695$33,781,915$304,662,469
91$436,530,393$63,448,090$34,780,031$334,462,136
92$480,918,707$66,419,260$35,807,376$367,245,949
93$529,830,289$69,531,678$36,864,796$403,315,794
94$583,726,375$72,792,127$37,953,164$443,004,235
95$643,115,244$76,207,720$39,073,373$486,677,638
96$708,557,014$79,785,913$40,226,347$534,739,609
97$780,668,932$83,534,524$41,413,031$587,634,791
98$860,131,196$87,461,750$42,634,401$645,853,042
99$947,693,384$91,576,181$43,891,459$709,934,039
100$1,044,181,521$95,886,826$45,185,236$780,472,354