Can I retire at age 54 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$957,917$949,385$941,060$932,934$925,000$902,272
2 years$474,216$465,385$456,825$448,526$440,476$417,719
3 years$313,004$304,134$295,596$287,375$279,456$257,380
4 years$232,413$223,571$215,118$207,038$199,311$178,086
5 years$184,072$175,282$166,941$159,025$151,513$131,199
6 years$151,855$143,131$134,913$127,173$119,887$100,504
7 years$128,851$120,201$112,113$104,556$97,500$79,051
8 years$111,607$103,035$95,081$87,710$80,886$63,361
9 years$98,201$89,710$81,893$74,709$68,118$51,504
10 years$87,483$79,075$71,396$64,400$58,040$42,318
11 years$78,720$70,396$62,856$56,047$49,916$35,063
12 years$71,422$63,184$55,783$49,161$43,256$29,247
13 years$65,252$57,100$49,839$43,402$37,720$24,527
14 years$59,968$51,902$44,780$38,527$33,065$20,660
15 years$55,392$47,413$40,431$34,360$29,113$17,466
16 years$51,392$43,501$36,656$30,765$25,730$14,810
17 years$47,867$40,063$33,356$27,642$22,814$12,589
18 years$44,737$37,020$30,449$24,911$20,285$10,723
19 years$41,939$34,309$27,875$22,509$18,081$9,151
20 years$39,425$31,882$25,582$20,387$16,150$7,820
21 years$37,153$29,697$23,531$18,502$14,453$6,691
22 years$35,090$27,721$21,687$16,823$12,955$5,732
23 years$33,209$25,927$20,024$15,321$11,629$4,914
24 years$31,488$24,292$18,519$13,973$10,452$4,217
25 years$29,907$22,797$17,152$12,761$9,405$3,620
26 years$28,449$21,425$15,908$11,668$8,472$3,110
27 years$27,102$20,164$14,772$10,680$7,638$2,673
28 years$25,854$19,000$13,732$9,785$6,892$2,299
29 years$24,694$17,924$12,779$8,973$6,223$1,977
30 years$23,613$16,928$11,903$8,235$5,623$1,701
31 years$22,603$16,002$11,097$7,564$5,084$1,464
32 years$21,659$15,141$10,354$6,951$4,599$1,261
33 years$20,774$14,339$9,667$6,392$4,162$1,085
34 years$19,943$13,590$9,033$5,881$3,768$935
35 years$19,160$12,890$8,445$5,414$3,413$805
36 years$18,423$12,235$7,900$4,986$3,092$694
37 years$17,728$11,620$7,394$4,594$2,803$597
38 years$17,071$11,043$6,924$4,235$2,541$515
39 years$16,449$10,501$6,487$3,904$2,304$444
40 years$15,859$9,991$6,081$3,601$2,090$382
41 years$15,300$9,510$5,702$3,323$1,896$329
42 years$14,768$9,057$5,348$3,066$1,720$284
43 years$14,263$8,630$5,019$2,831$1,561$245
44 years$13,782$8,226$4,711$2,614$1,417$211
45 years$13,324$7,844$4,423$2,414$1,287$182
46 years$12,887$7,483$4,155$2,230$1,168$157
47 years$12,470$7,141$3,903$2,060$1,061$135
48 years$12,072$6,817$3,668$1,903$963$116
49 years$11,690$6,510$3,448$1,759$875$100
50 years$11,326$6,219$3,241$1,626$795$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,600,000, adding $4,470 every year, while hoping to spend $30,503 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: 76/10/14 Blend
53$11,600,000$11,600,000$11,600,000$11,600,000
54$12,787,811$12,173,011$11,993,211$13,721,892
55$14,059,713$12,737,033$12,362,528$14,902,967
56$15,460,326$13,327,671$12,743,196$16,193,134
57$17,002,747$13,946,195$13,135,561$17,606,689
58$18,701,408$14,593,939$13,539,983$19,155,910
59$20,572,210$15,272,300$13,956,831$20,854,316
60$22,632,677$15,982,744$14,386,485$22,716,791
61$24,902,117$16,726,806$14,829,340$24,759,725
62$27,401,808$17,506,095$15,285,799$27,001,167
63$30,155,199$18,322,299$15,756,279$29,460,990
64$33,188,124$19,177,187$16,241,209$32,161,083
65$36,529,057$20,072,613$16,741,034$35,125,548
66$40,209,370$21,010,521$17,256,208$38,380,933
67$44,263,638$21,992,948$17,787,203$41,956,475
68$48,729,958$23,022,031$18,334,503$45,884,375
69$53,650,312$24,100,010$18,898,607$50,200,104
70$59,070,964$25,229,230$19,480,031$54,942,727
71$65,042,895$26,412,155$20,079,304$60,155,278
72$71,622,283$27,651,364$20,696,974$65,885,158
73$78,871,037$28,949,562$21,333,604$72,184,580
74$86,857,378$30,309,585$21,989,774$79,111,063
75$95,656,482$31,734,406$22,666,083$86,727,968
76$105,351,194$33,227,143$23,363,148$95,105,095
77$116,032,805$34,791,063$24,081,603$104,319,338
78$127,801,918$36,429,592$24,822,104$114,455,407
79$140,769,395$38,146,323$25,585,325$125,606,625
80$155,057,402$39,945,021$26,371,962$137,875,806
81$170,800,566$41,829,636$27,182,732$151,376,220
82$188,147,243$43,804,308$28,018,373$166,232,661
83$207,260,919$45,873,376$28,879,646$182,582,615
84$228,321,753$48,041,392$29,767,335$200,577,562
85$251,528,280$50,313,129$30,682,248$220,384,395
86$277,099,280$52,693,588$31,625,219$242,186,994
87$305,275,849$55,188,015$32,597,106$266,187,954
88$336,323,669$57,801,912$33,598,793$292,610,497
89$370,535,522$60,541,044$34,631,191$321,700,569
90$408,234,050$63,411,460$35,695,240$353,729,159
91$449,774,800$66,419,498$36,791,908$388,994,852
92$495,549,585$69,571,809$37,922,192$427,826,640
93$545,990,177$72,875,362$39,087,120$470,587,021
94$601,572,387$76,337,466$40,287,750$517,675,417
95$662,820,555$79,965,787$41,525,175$569,531,935
96$730,312,502$83,768,361$42,800,519$626,641,518
97$804,684,982$87,753,615$44,114,940$689,538,511
98$886,639,693$91,930,386$45,469,634$758,811,703
99$976,949,906$96,307,938$46,865,831$835,109,871
100$1,076,467,759$100,895,990$48,304,798$919,147,902