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%13.8%
1 years$941,401$933,016$924,835$916,849$909,052$894,729
2 years$466,040$457,361$448,949$440,793$432,882$418,489
3 years$307,607$298,890$290,500$282,420$274,638$260,623
4 years$228,406$219,716$211,409$203,468$195,874$182,345
5 years$180,898$172,260$164,062$156,283$148,900$135,896
6 years$149,236$140,663$132,587$124,981$117,820$105,355
7 years$126,630$118,129$110,180$102,754$95,819$83,898
8 years$109,682$101,258$93,442$86,197$79,491$68,112
9 years$96,508$88,163$80,481$73,421$66,943$56,099
10 years$85,975$77,712$70,165$63,290$57,039$46,722
11 years$77,362$69,182$61,772$55,081$49,055$39,255
12 years$70,191$62,094$54,821$48,313$42,510$33,214
13 years$64,127$56,115$48,979$42,653$37,070$28,265
14 years$58,934$51,007$44,008$37,863$32,495$24,166
15 years$54,437$46,596$39,733$33,767$28,611$20,743
16 years$50,506$42,751$36,024$30,235$25,287$17,864
17 years$47,042$39,372$32,781$27,166$22,421$15,427
18 years$43,965$36,381$29,924$24,482$19,936$13,354
19 years$41,216$33,718$27,394$22,121$17,769$11,583
20 years$38,745$31,332$25,141$20,035$15,872$10,064
21 years$36,512$29,185$23,125$18,183$14,203$8,757
22 years$34,485$27,243$21,313$16,533$12,731$7,629
23 years$32,637$25,480$19,679$15,057$11,428$6,654
24 years$30,945$23,873$18,200$13,733$10,272$5,809
25 years$29,391$22,404$16,857$12,541$9,243$5,076
26 years$27,959$21,056$15,634$11,467$8,326$4,438
27 years$26,635$19,816$14,517$10,496$7,507$3,883
28 years$25,408$18,672$13,496$9,617$6,773$3,399
29 years$24,268$17,615$12,559$8,819$6,116$2,977
30 years$23,205$16,636$11,698$8,093$5,526$2,608
31 years$22,214$15,726$10,906$7,433$4,996$2,286
32 years$21,286$14,880$10,175$6,831$4,520$2,005
33 years$20,416$14,092$9,501$6,282$4,090$1,758
34 years$19,599$13,356$8,877$5,780$3,703$1,542
35 years$18,830$12,668$8,299$5,321$3,354$1,353
36 years$18,106$12,024$7,764$4,900$3,039$1,187
37 years$17,422$11,420$7,267$4,515$2,754$1,042
38 years$16,776$10,853$6,805$4,162$2,497$915
39 years$16,165$10,320$6,376$3,837$2,264$803
40 years$15,586$9,819$5,976$3,539$2,054$705
41 years$15,036$9,346$5,603$3,265$1,863$619
42 years$14,514$8,901$5,256$3,014$1,691$544
43 years$14,017$8,481$4,932$2,782$1,535$478
44 years$13,545$8,084$4,630$2,569$1,393$420
45 years$13,095$7,709$4,347$2,372$1,264$369
46 years$12,665$7,354$4,083$2,191$1,148$324
47 years$12,255$7,018$3,836$2,024$1,043$284
48 years$11,863$6,700$3,605$1,871$947$250
49 years$11,489$6,398$3,388$1,729$860$219
50 years$11,130$6,111$3,185$1,598$781$193

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 $4,108 every year, while hoping to spend $30,021 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: 54/33/13 Blend
53$11,400,000$11,400,000$11,400,000$11,400,000
54$12,567,037$11,962,837$11,786,137$13,202,774
55$13,816,933$12,517,074$12,149,031$14,189,914
56$15,193,312$13,097,463$12,523,075$15,260,214
57$16,709,044$13,705,252$12,908,612$16,424,471
58$18,378,309$14,341,753$13,305,994$17,691,626
59$20,216,736$15,008,338$13,715,584$19,071,503
60$22,241,543$15,706,446$14,137,756$20,574,896
61$24,471,705$16,437,587$14,572,895$22,213,672
62$26,928,132$17,203,342$15,021,400$24,000,875
63$29,633,865$18,005,368$15,483,680$25,950,843
64$32,614,292$18,845,405$15,960,157$28,079,346
65$35,897,393$19,725,273$16,451,265$30,403,721
66$39,513,998$20,646,882$16,957,454$32,943,037
67$43,498,082$21,612,235$17,479,184$35,718,266
68$47,887,083$22,623,431$18,016,933$38,752,477
69$52,722,255$23,682,669$18,571,191$42,071,050
70$58,049,062$24,792,257$19,142,462$45,701,903
71$63,917,601$25,954,613$19,731,270$49,675,756
72$70,383,079$27,172,271$20,338,149$54,026,411
73$77,506,330$28,447,889$20,963,655$58,791,065
74$85,354,395$29,784,255$21,608,356$64,010,653
75$94,001,148$31,184,289$22,272,841$69,730,227
76$103,528,000$32,651,053$22,957,716$75,999,373
77$114,024,660$34,187,759$23,663,604$82,872,673
78$125,589,989$35,797,773$24,391,148$90,410,207
79$138,332,929$37,484,625$25,141,012$98,678,116
80$152,373,530$39,252,013$25,913,878$107,749,213
81$167,844,087$41,103,820$26,710,451$117,703,660
82$184,890,388$43,044,111$27,531,455$128,629,720
83$203,673,087$45,077,152$28,377,638$140,624,571
84$224,369,224$47,207,414$29,249,771$153,795,217
85$247,173,893$49,439,585$30,148,646$168,259,486
86$272,302,087$51,778,582$31,075,083$184,147,127
87$299,990,725$54,229,558$32,029,924$201,601,023
88$330,500,890$56,797,917$33,014,037$220,778,526
89$364,120,292$59,489,326$34,028,318$241,852,930
90$401,165,985$62,309,726$35,073,690$265,015,088
91$441,987,359$65,265,346$36,151,102$290,475,199
92$486,969,440$68,362,718$37,261,534$318,464,778
93$536,536,523$71,608,692$38,405,996$349,238,821
94$591,156,180$75,010,449$39,585,528$383,078,195
95$651,343,668$78,575,520$40,801,202$420,292,273
96$717,666,802$82,311,800$42,054,121$461,221,831
97$790,751,307$86,227,569$43,345,425$506,242,244
98$871,286,729$90,331,509$44,676,287$555,767,012
99$960,032,947$94,632,724$46,047,913$610,251,636
100$1,057,827,341$99,140,761$47,461,551$670,197,898