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

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$949,659$941,200$932,947$924,892$917,026$902,206
2 years$470,128$461,373$452,887$444,660$436,679$421,789
3 years$310,306$301,512$293,048$284,898$277,047$262,550
4 years$230,410$221,643$213,264$205,253$197,592$183,600
5 years$182,485$173,771$165,501$157,654$150,207$136,760
6 years$150,546$141,897$133,750$126,077$118,853$105,967
7 years$127,741$119,165$111,147$103,655$96,660$84,338
8 years$110,645$102,146$94,261$86,953$80,188$68,430
9 years$97,355$88,937$81,187$74,065$67,530$56,328
10 years$86,729$78,393$70,781$63,845$57,539$46,884
11 years$78,041$69,789$62,314$55,564$49,486$39,366
12 years$70,806$62,639$55,302$48,737$42,883$33,287
13 years$64,689$56,607$49,409$43,028$37,395$28,308
14 years$59,451$51,454$44,394$38,195$32,780$24,187
15 years$54,914$47,005$40,082$34,063$28,862$20,747
16 years$50,949$43,126$36,340$30,500$25,509$17,855
17 years$47,454$39,717$33,068$27,404$22,618$15,408
18 years$44,351$36,701$30,187$24,697$20,111$13,328
19 years$41,578$34,014$27,635$22,315$17,925$11,551
20 years$39,085$31,607$25,362$20,211$16,011$10,029
21 years$36,832$29,441$23,328$18,343$14,328$8,720
22 years$34,787$27,482$21,500$16,678$12,843$7,591
23 years$32,923$25,703$19,852$15,189$11,529$6,616
24 years$31,216$24,082$18,359$13,853$10,362$5,772
25 years$29,649$22,600$17,005$12,651$9,324$5,039
26 years$28,204$21,240$15,771$11,568$8,399$4,402
27 years$26,869$19,990$14,645$10,588$7,572$3,849
28 years$25,631$18,836$13,614$9,701$6,833$3,366
29 years$24,481$17,770$12,669$8,896$6,170$2,946
30 years$23,409$16,782$11,801$8,164$5,575$2,579
31 years$22,408$15,864$11,002$7,498$5,040$2,259
32 years$21,472$15,011$10,265$6,891$4,559$1,979
33 years$20,595$14,215$9,584$6,337$4,126$1,734
34 years$19,771$13,473$8,955$5,831$3,736$1,520
35 years$18,995$12,779$8,372$5,367$3,384$1,332
36 years$18,265$12,129$7,832$4,943$3,066$1,168
37 years$17,575$11,520$7,331$4,555$2,779$1,024
38 years$16,923$10,948$6,865$4,198$2,519$899
39 years$16,307$10,410$6,432$3,871$2,284$788
40 years$15,722$9,905$6,028$3,570$2,072$691
41 years$15,168$9,428$5,653$3,294$1,880$607
42 years$14,641$8,979$5,302$3,040$1,706$532
43 years$14,140$8,555$4,976$2,806$1,548$467
44 years$13,664$8,155$4,670$2,591$1,405$410
45 years$13,209$7,777$4,385$2,393$1,276$360
46 years$12,776$7,419$4,119$2,210$1,158$316
47 years$12,363$7,080$3,870$2,042$1,052$277
48 years$11,967$6,758$3,636$1,887$955$243
49 years$11,590$6,454$3,418$1,744$867$213
50 years$11,228$6,165$3,213$1,612$788$187

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 $4,114 every year, while hoping to spend $41,208 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: 62/22/16 Blend
53$11,500,000$11,500,000$11,500,000$11,500,000
54$12,677,244$12,067,744$11,889,494$13,412,304
55$13,926,477$12,615,218$12,243,947$14,454,606
56$15,301,752$13,188,138$12,608,893$15,586,924
57$16,815,880$13,787,706$12,984,640$16,822,052
58$18,482,980$14,415,183$13,371,505$18,169,979
59$20,318,607$15,071,891$13,769,815$19,641,693
60$22,339,906$15,759,214$14,179,904$21,249,282
61$24,565,764$16,478,603$14,602,118$23,006,043
62$27,016,996$17,231,579$15,036,813$24,926,608
63$29,716,538$18,019,734$15,484,355$27,027,075
64$32,689,662$18,844,739$15,945,118$29,325,160
65$35,964,220$19,708,344$16,419,492$31,840,359
66$39,570,900$20,612,381$16,907,874$34,594,128
67$43,543,518$21,558,774$17,410,674$37,610,086
68$47,919,339$22,549,537$17,928,314$40,914,226
69$52,739,427$23,586,780$18,461,228$44,535,165
70$58,049,032$24,672,715$19,009,863$48,504,403
71$63,898,017$25,809,663$19,574,677$52,856,621
72$70,341,331$27,000,052$20,156,145$57,630,000
73$77,439,522$28,246,430$20,754,751$62,866,579
74$85,259,316$29,551,467$21,370,998$68,612,645
75$93,874,238$30,917,961$22,005,398$74,919,166
76$103,365,315$32,348,846$22,658,484$81,842,267
77$113,821,832$33,847,195$23,330,798$89,443,751
78$125,342,182$35,416,230$24,022,903$97,791,680
79$138,034,789$37,059,329$24,735,374$106,961,009
80$152,019,134$38,780,034$25,468,806$117,034,289
81$167,426,884$40,582,053$26,223,809$128,102,435
82$184,403,131$42,469,279$27,001,012$140,265,583
83$203,107,764$44,445,787$27,801,059$153,634,025
84$223,716,979$46,515,853$28,624,617$168,329,239
85$246,424,938$48,683,958$29,472,370$184,485,035
86$271,445,608$50,954,797$30,345,020$202,248,800
87$299,014,773$53,333,296$31,243,291$221,782,892
88$329,392,267$55,824,615$32,167,929$243,266,151
89$362,864,423$58,434,165$33,119,699$266,895,589
90$399,746,773$61,167,618$34,099,388$292,888,228
91$440,387,034$64,030,922$35,107,808$321,483,150
92$485,168,384$67,030,309$36,145,791$352,943,734
93$534,513,080$70,172,315$37,214,196$387,560,133
94$588,886,447$73,463,792$38,313,905$425,652,004
95$648,801,268$76,911,921$39,445,824$467,571,507
96$714,822,626$80,524,233$40,610,887$513,706,623
97$787,573,236$84,308,623$41,810,055$564,484,796
98$867,739,328$88,273,367$43,044,313$620,376,961
99$956,077,120$92,427,143$44,314,678$681,901,966
100$1,053,419,961$96,779,048$45,622,195$749,631,461