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%12.9%
1 years$957,917$949,385$941,060$932,934$925,000$913,820
2 years$474,216$465,385$456,825$448,526$440,476$429,225
3 years$313,004$304,134$295,596$287,375$279,456$268,483
4 years$232,413$223,571$215,118$207,038$199,311$188,700
5 years$184,072$175,282$166,941$159,025$151,513$141,296
6 years$151,855$143,131$134,913$127,173$119,887$110,076
7 years$128,851$120,201$112,113$104,556$97,500$88,099
8 years$111,607$103,035$95,081$87,710$80,886$71,894
9 years$98,201$89,710$81,893$74,709$68,118$59,531
10 years$87,483$79,075$71,396$64,400$58,040$49,852
11 years$78,720$70,396$62,856$56,047$49,916$42,121
12 years$71,422$63,184$55,783$49,161$43,256$35,845
13 years$65,252$57,100$49,839$43,402$37,720$30,683
14 years$59,968$51,902$44,780$38,527$33,065$26,392
15 years$55,392$47,413$40,431$34,360$29,113$22,794
16 years$51,392$43,501$36,656$30,765$25,730$19,753
17 years$47,867$40,063$33,356$27,642$22,814$17,167
18 years$44,737$37,020$30,449$24,911$20,285$14,957
19 years$41,939$34,309$27,875$22,509$18,081$13,058
20 years$39,425$31,882$25,582$20,387$16,150$11,422
21 years$37,153$29,697$23,531$18,502$14,453$10,006
22 years$35,090$27,721$21,687$16,823$12,955$8,778
23 years$33,209$25,927$20,024$15,321$11,629$7,709
24 years$31,488$24,292$18,519$13,973$10,452$6,778
25 years$29,907$22,797$17,152$12,761$9,405$5,964
26 years$28,449$21,425$15,908$11,668$8,472$5,252
27 years$27,102$20,164$14,772$10,680$7,638$4,628
28 years$25,854$19,000$13,732$9,785$6,892$4,081
29 years$24,694$17,924$12,779$8,973$6,223$3,601
30 years$23,613$16,928$11,903$8,235$5,623$3,178
31 years$22,603$16,002$11,097$7,564$5,084$2,806
32 years$21,659$15,141$10,354$6,951$4,599$2,479
33 years$20,774$14,339$9,667$6,392$4,162$2,191
34 years$19,943$13,590$9,033$5,881$3,768$1,936
35 years$19,160$12,890$8,445$5,414$3,413$1,712
36 years$18,423$12,235$7,900$4,986$3,092$1,514
37 years$17,728$11,620$7,394$4,594$2,803$1,339
38 years$17,071$11,043$6,924$4,235$2,541$1,184
39 years$16,449$10,501$6,487$3,904$2,304$1,048
40 years$15,859$9,991$6,081$3,601$2,090$927
41 years$15,300$9,510$5,702$3,323$1,896$820
42 years$14,768$9,057$5,348$3,066$1,720$726
43 years$14,263$8,630$5,019$2,831$1,561$643
44 years$13,782$8,226$4,711$2,614$1,417$569
45 years$13,324$7,844$4,423$2,414$1,287$504
46 years$12,887$7,483$4,155$2,230$1,168$446
47 years$12,470$7,141$3,903$2,060$1,061$395
48 years$12,072$6,817$3,668$1,903$963$349
49 years$11,690$6,510$3,448$1,759$875$309
50 years$11,326$6,219$3,241$1,626$795$274

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 $6,036 every year, while hoping to spend $43,375 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: 66/17/17 Blend
53$11,600,000$11,600,000$11,600,000$11,600,000
54$12,789,426$12,174,626$11,994,826$13,580,031
55$14,047,797$12,725,032$12,350,502$14,660,174
56$15,433,068$13,300,954$12,716,640$15,834,860
57$16,958,137$13,903,597$13,093,543$17,117,885
58$18,637,216$14,534,223$13,481,526$18,519,865
59$20,485,966$15,194,153$13,880,911$20,052,483
60$22,521,642$15,884,775$14,292,029$21,728,595
61$24,763,260$16,607,539$14,715,223$23,562,350
62$27,231,772$17,363,968$15,150,842$25,569,321
63$29,950,266$18,155,656$15,599,249$27,766,647
64$32,944,183$18,984,273$16,060,813$30,173,196
65$36,241,558$19,851,570$16,535,919$32,809,738
66$39,873,283$20,759,383$17,024,958$35,699,137
67$43,873,399$21,709,634$17,528,335$38,866,567
68$48,279,417$22,704,338$18,046,466$42,339,743
69$53,132,674$23,745,606$18,579,779$46,149,180
70$58,478,719$24,835,653$19,128,713$50,328,481
71$64,367,745$25,976,797$19,693,722$54,914,645
72$70,855,065$27,171,470$20,275,271$59,948,418
73$78,001,627$28,422,218$20,873,839$65,474,668
74$85,874,599$29,731,713$21,489,919$71,542,808
75$94,547,993$31,102,752$22,124,016$78,207,260
76$104,103,371$32,538,268$22,776,653$85,527,957
77$114,630,608$34,041,337$23,448,364$93,570,913
78$126,228,748$35,615,180$24,139,702$102,408,834
79$139,006,931$37,263,175$24,851,233$112,121,803
80$153,085,428$38,988,861$25,583,539$122,798,029
81$168,596,776$40,795,949$26,337,222$134,534,675
82$185,687,025$42,688,328$27,112,897$147,438,770
83$204,517,121$44,670,076$27,911,198$161,628,211
84$225,264,422$46,745,464$28,732,778$177,232,872
85$248,124,374$48,918,973$29,578,308$194,395,820
86$273,312,356$51,195,298$30,448,476$213,274,664
87$301,065,709$53,579,361$31,343,993$234,043,030
88$331,645,982$56,076,321$32,265,588$256,892,196
89$365,341,398$58,691,586$33,214,011$282,032,888
90$402,469,574$61,430,827$34,190,033$309,697,263
91$443,380,518$64,299,986$35,194,448$340,141,089
92$488,459,940$67,305,293$36,228,070$373,646,154
93$538,132,882$70,453,281$37,291,739$410,522,913
94$592,867,740$73,750,796$38,386,316$451,113,412
95$653,180,681$77,205,017$39,512,689$495,794,506
96$719,640,516$80,823,468$40,671,769$544,981,405
97$792,874,069$84,614,038$41,864,494$599,131,582
98$873,572,096$88,584,998$43,091,827$658,749,084
99$962,495,806$92,745,019$44,354,759$724,389,272
100$1,060,484,043$97,103,190$45,654,309$796,664,057