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%19.1%
1 years$941,401$933,016$924,835$916,849$909,052$875,753
2 years$466,040$457,361$448,949$440,793$432,882$399,705
3 years$307,607$298,890$290,500$282,420$274,638$242,626
4 years$228,406$219,716$211,409$203,468$195,874$165,271
5 years$180,898$172,260$164,062$156,283$148,900$119,786
6 years$149,236$140,663$132,587$124,981$117,820$90,215
7 years$126,630$118,129$110,180$102,754$95,819$69,717
8 years$109,682$101,258$93,442$86,197$79,491$54,869
9 years$96,508$88,163$80,481$73,421$66,943$43,767
10 years$85,975$77,712$70,165$63,290$57,039$35,269
11 years$77,362$69,182$61,772$55,081$49,055$28,644
12 years$70,191$62,094$54,821$48,313$42,510$23,408
13 years$64,127$56,115$48,979$42,653$37,070$19,222
14 years$58,934$51,007$44,008$37,863$32,495$15,848
15 years$54,437$46,596$39,733$33,767$28,611$13,107
16 years$50,506$42,751$36,024$30,235$25,287$10,868
17 years$47,042$39,372$32,781$27,166$22,421$9,031
18 years$43,965$36,381$29,924$24,482$19,936$7,518
19 years$41,216$33,718$27,394$22,121$17,769$6,267
20 years$38,745$31,332$25,141$20,035$15,872$5,231
21 years$36,512$29,185$23,125$18,183$14,203$4,370
22 years$34,485$27,243$21,313$16,533$12,731$3,654
23 years$32,637$25,480$19,679$15,057$11,428$3,057
24 years$30,945$23,873$18,200$13,733$10,272$2,559
25 years$29,391$22,404$16,857$12,541$9,243$2,144
26 years$27,959$21,056$15,634$11,467$8,326$1,796
27 years$26,635$19,816$14,517$10,496$7,507$1,506
28 years$25,408$18,672$13,496$9,617$6,773$1,262
29 years$24,268$17,615$12,559$8,819$6,116$1,059
30 years$23,205$16,636$11,698$8,093$5,526$888
31 years$22,214$15,726$10,906$7,433$4,996$745
32 years$21,286$14,880$10,175$6,831$4,520$625
33 years$20,416$14,092$9,501$6,282$4,090$524
34 years$19,599$13,356$8,877$5,780$3,703$440
35 years$18,830$12,668$8,299$5,321$3,354$369
36 years$18,106$12,024$7,764$4,900$3,039$310
37 years$17,422$11,420$7,267$4,515$2,754$260
38 years$16,776$10,853$6,805$4,162$2,497$218
39 years$16,165$10,320$6,376$3,837$2,264$183
40 years$15,586$9,819$5,976$3,539$2,054$154
41 years$15,036$9,346$5,603$3,265$1,863$129
42 years$14,514$8,901$5,256$3,014$1,691$108
43 years$14,017$8,481$4,932$2,782$1,535$91
44 years$13,545$8,084$4,630$2,569$1,393$76
45 years$13,095$7,709$4,347$2,372$1,264$64
46 years$12,665$7,354$4,083$2,191$1,148$54
47 years$12,255$7,018$3,836$2,024$1,043$45
48 years$11,863$6,700$3,605$1,871$947$38
49 years$11,489$6,398$3,388$1,729$860$32
50 years$11,130$6,111$3,185$1,598$781$27

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 $3,362 every year, while hoping to spend $20,677 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: 70/13/17 Blend
53$11,400,000$11,400,000$11,400,000$11,400,000
54$12,566,268$11,962,068$11,785,368$13,395,227
55$13,826,027$12,526,209$12,158,178$14,511,564
56$15,213,589$13,117,300$12,542,783$15,730,167
57$16,741,967$13,736,640$12,939,559$17,063,388
58$18,425,502$14,385,590$13,348,888$18,522,543
59$20,279,997$15,065,578$13,771,170$20,120,087
60$22,322,866$15,778,101$14,206,814$21,869,729
61$24,573,299$16,524,728$14,656,243$23,786,560
62$27,052,441$17,307,105$15,119,892$25,887,194
63$29,783,595$18,126,958$15,598,213$28,189,919
64$32,792,438$18,986,095$16,091,670$30,714,873
65$36,107,266$19,886,414$16,600,741$33,484,227
66$39,759,263$20,829,903$17,125,921$36,522,391
67$43,782,788$21,818,649$17,667,719$39,856,246
68$48,215,707$22,854,838$18,226,663$43,515,393
69$53,099,747$23,940,763$18,803,294$47,532,426
70$58,480,890$25,078,828$19,398,173$51,943,244
71$64,409,805$26,271,555$20,011,876$56,787,378
72$70,942,331$27,521,588$20,645,000$62,108,368
73$78,140,001$28,831,698$21,298,160$67,954,165
74$86,070,622$30,204,792$21,971,989$74,377,584
75$94,808,918$31,643,918$22,667,142$81,436,798
76$104,437,230$33,152,274$23,384,295$89,195,881
77$115,046,302$34,733,209$24,124,143$97,725,409
78$126,736,128$36,390,239$24,887,404$107,103,126
79$139,616,901$38,127,049$25,674,821$117,414,666
80$153,810,055$39,947,505$26,487,157$128,754,366
81$169,449,406$41,855,657$27,325,202$141,226,142
82$186,682,418$43,855,758$28,189,769$154,944,471
83$205,671,597$45,952,261$29,081,698$170,035,464
84$226,596,020$48,149,843$30,001,856$186,638,053
85$249,653,031$50,453,402$30,951,135$204,905,294
86$275,060,099$52,868,078$31,930,457$225,005,805
87$303,056,877$55,399,261$32,940,775$247,125,355
88$333,907,456$58,052,603$33,983,068$271,468,610
89$367,902,865$60,834,029$35,058,350$298,261,055
90$405,363,817$63,749,756$36,167,665$327,751,118
91$446,643,735$66,806,302$37,312,089$360,212,508
92$492,132,087$70,010,502$38,492,736$395,946,790
93$542,258,068$73,369,525$39,710,751$435,286,223
94$597,494,647$76,890,888$40,967,317$478,596,889
95$658,363,034$80,582,475$42,263,655$526,282,138
96$725,437,600$84,452,553$43,601,025$578,786,391
97$799,351,301$88,509,794$44,980,724$636,599,318
98$880,801,650$92,763,290$46,404,095$700,260,458
99$970,557,305$97,222,577$47,872,518$770,364,297
100$1,069,465,323$101,897,657$49,387,421$847,565,871