Can I retire at age 54 with 11,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$949,659$941,200$932,947$924,892$917,026$902,950
2 years$470,128$461,373$452,887$444,660$436,679$422,531
3 years$310,306$301,512$293,048$284,898$277,047$263,268
4 years$230,410$221,643$213,264$205,253$197,592$184,289
5 years$182,485$173,771$165,501$157,654$150,207$137,416
6 years$150,546$141,897$133,750$126,077$118,853$106,592
7 years$127,741$119,165$111,147$103,655$96,660$84,930
8 years$110,645$102,146$94,261$86,953$80,188$68,990
9 years$97,355$88,937$81,187$74,065$67,530$56,856
10 years$86,729$78,393$70,781$63,845$57,539$47,382
11 years$78,041$69,789$62,314$55,564$49,486$39,834
12 years$70,806$62,639$55,302$48,737$42,883$33,726
13 years$64,689$56,607$49,409$43,028$37,395$28,719
14 years$59,451$51,454$44,394$38,195$32,780$24,571
15 years$54,914$47,005$40,082$34,063$28,862$21,105
16 years$50,949$43,126$36,340$30,500$25,509$18,188
17 years$47,454$39,717$33,068$27,404$22,618$15,718
18 years$44,351$36,701$30,187$24,697$20,111$13,616
19 years$41,578$34,014$27,635$22,315$17,925$11,819
20 years$39,085$31,607$25,362$20,211$16,011$10,276
21 years$36,832$29,441$23,328$18,343$14,328$8,948
22 years$34,787$27,482$21,500$16,678$12,843$7,802
23 years$32,923$25,703$19,852$15,189$11,529$6,810
24 years$31,216$24,082$18,359$13,853$10,362$5,950
25 years$29,649$22,600$17,005$12,651$9,324$5,203
26 years$28,204$21,240$15,771$11,568$8,399$4,553
27 years$26,869$19,990$14,645$10,588$7,572$3,987
28 years$25,631$18,836$13,614$9,701$6,833$3,493
29 years$24,481$17,770$12,669$8,896$6,170$3,062
30 years$23,409$16,782$11,801$8,164$5,575$2,685
31 years$22,408$15,864$11,002$7,498$5,040$2,355
32 years$21,472$15,011$10,265$6,891$4,559$2,067
33 years$20,595$14,215$9,584$6,337$4,126$1,814
34 years$19,771$13,473$8,955$5,831$3,736$1,593
35 years$18,995$12,779$8,372$5,367$3,384$1,398
36 years$18,265$12,129$7,832$4,943$3,066$1,228
37 years$17,575$11,520$7,331$4,555$2,779$1,079
38 years$16,923$10,948$6,865$4,198$2,519$948
39 years$16,307$10,410$6,432$3,871$2,284$833
40 years$15,722$9,905$6,028$3,570$2,072$732
41 years$15,168$9,428$5,653$3,294$1,880$643
42 years$14,641$8,979$5,302$3,040$1,706$565
43 years$14,140$8,555$4,976$2,806$1,548$497
44 years$13,664$8,155$4,670$2,591$1,405$437
45 years$13,209$7,777$4,385$2,393$1,276$384
46 years$12,776$7,419$4,119$2,210$1,158$338
47 years$12,363$7,080$3,870$2,042$1,052$297
48 years$11,967$6,758$3,636$1,887$955$261
49 years$11,590$6,454$3,418$1,744$867$230
50 years$11,228$6,165$3,213$1,612$788$202

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,500,000, adding $5,568 every year, while hoping to spend $53,178 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: 29/48/23 Blend
53$11,500,000$11,500,000$11,500,000$11,500,000
54$12,678,743$12,069,243$11,890,993$12,955,178
55$13,915,394$12,604,055$12,232,761$13,704,704
56$15,276,401$13,163,291$12,584,195$14,504,887
57$16,774,392$13,748,090$12,945,564$15,364,085
58$18,423,282$14,359,649$13,317,142$16,287,410
59$20,238,403$14,999,217$13,699,212$17,280,461
60$22,236,648$15,668,107$14,092,064$18,349,365
61$24,436,633$16,367,691$14,495,995$19,500,834
62$26,858,870$17,099,408$14,911,311$20,742,219
63$29,525,960$17,864,765$15,338,325$22,081,578
64$32,462,809$18,665,339$15,777,360$23,527,742
65$35,696,861$19,502,786$16,228,747$25,090,392
66$39,258,356$20,378,838$16,692,825$26,780,145
67$43,180,616$21,295,309$17,169,943$28,608,648
68$47,500,361$22,254,101$17,660,458$30,588,678
69$52,258,052$23,257,206$18,164,738$32,734,257
70$57,498,277$24,306,713$18,683,160$35,060,774
71$63,270,167$25,404,807$19,216,111$37,585,125
72$69,627,861$26,553,780$19,763,988$40,325,859
73$76,631,021$27,756,034$20,327,200$43,303,350
74$84,345,389$29,014,083$20,906,165$46,539,972
75$92,843,409$30,330,563$21,501,312$50,060,308
76$102,204,913$31,708,237$22,113,082$53,891,367
77$112,517,872$33,149,999$22,741,928$58,062,826
78$123,879,227$34,658,880$23,388,314$62,607,303
79$136,395,802$36,238,060$24,052,717$67,560,652
80$150,185,317$37,890,867$24,735,626$72,962,285
81$165,377,492$39,620,793$25,437,542$78,855,537
82$182,115,276$41,431,492$26,158,980$85,288,054
83$200,556,198$43,326,798$26,900,469$92,312,234
84$220,873,845$45,310,727$27,662,551$99,985,704
85$243,259,512$47,387,487$28,445,781$108,371,850
86$267,923,998$49,561,489$29,250,730$117,540,395
87$295,099,599$51,837,356$30,077,983$127,568,044
88$325,042,304$54,219,932$30,928,141$138,539,188
89$358,034,205$56,714,294$31,801,819$150,546,680
90$394,386,163$59,325,765$32,699,650$163,692,696
91$434,440,744$62,059,919$33,622,281$178,089,675
92$478,575,449$64,922,604$34,570,376$193,861,362
93$527,206,279$67,919,946$35,544,618$211,143,947
94$580,791,662$71,058,366$36,545,705$230,087,336
95$639,836,779$74,344,594$37,574,354$250,856,535
96$704,898,336$77,785,684$38,631,300$273,633,181
97$776,589,816$81,389,032$39,717,298$298,617,236
98$855,587,269$85,162,387$40,833,120$326,028,837
99$942,635,700$89,113,873$41,979,558$356,110,352
100$1,038,556,094$93,252,006$43,157,426$389,128,633