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%17.1%
1 years$957,917$949,385$941,060$932,934$925,000$898,270
2 years$474,216$465,385$456,825$448,526$440,476$413,759
3 years$313,004$304,134$295,596$287,375$279,456$253,588
4 years$232,413$223,571$215,118$207,038$199,311$174,490
5 years$184,072$175,282$166,941$159,025$151,513$127,808
6 years$151,855$143,131$134,913$127,173$119,887$97,320
7 years$128,851$120,201$112,113$104,556$97,500$76,070
8 years$111,607$103,035$95,081$87,710$80,886$60,581
9 years$98,201$89,710$81,893$74,709$68,118$48,917
10 years$87,483$79,075$71,396$64,400$58,040$39,917
11 years$78,720$70,396$62,856$56,047$49,916$32,842
12 years$71,422$63,184$55,783$49,161$43,256$27,197
13 years$65,252$57,100$49,839$43,402$37,720$22,640
14 years$59,968$51,902$44,780$38,527$33,065$18,926
15 years$55,392$47,413$40,431$34,360$29,113$15,877
16 years$51,392$43,501$36,656$30,765$25,730$13,357
17 years$47,867$40,063$33,356$27,642$22,814$11,263
18 years$44,737$37,020$30,449$24,911$20,285$9,517
19 years$41,939$34,309$27,875$22,509$18,081$8,054
20 years$39,425$31,882$25,582$20,387$16,150$6,826
21 years$37,153$29,697$23,531$18,502$14,453$5,791
22 years$35,090$27,721$21,687$16,823$12,955$4,919
23 years$33,209$25,927$20,024$15,321$11,629$4,181
24 years$31,488$24,292$18,519$13,973$10,452$3,556
25 years$29,907$22,797$17,152$12,761$9,405$3,027
26 years$28,449$21,425$15,908$11,668$8,472$2,577
27 years$27,102$20,164$14,772$10,680$7,638$2,195
28 years$25,854$19,000$13,732$9,785$6,892$1,871
29 years$24,694$17,924$12,779$8,973$6,223$1,595
30 years$23,613$16,928$11,903$8,235$5,623$1,360
31 years$22,603$16,002$11,097$7,564$5,084$1,160
32 years$21,659$15,141$10,354$6,951$4,599$989
33 years$20,774$14,339$9,667$6,392$4,162$844
34 years$19,943$13,590$9,033$5,881$3,768$720
35 years$19,160$12,890$8,445$5,414$3,413$615
36 years$18,423$12,235$7,900$4,986$3,092$525
37 years$17,728$11,620$7,394$4,594$2,803$448
38 years$17,071$11,043$6,924$4,235$2,541$382
39 years$16,449$10,501$6,487$3,904$2,304$326
40 years$15,859$9,991$6,081$3,601$2,090$279
41 years$15,300$9,510$5,702$3,323$1,896$238
42 years$14,768$9,057$5,348$3,066$1,720$203
43 years$14,263$8,630$5,019$2,831$1,561$173
44 years$13,782$8,226$4,711$2,614$1,417$148
45 years$13,324$7,844$4,423$2,414$1,287$126
46 years$12,887$7,483$4,155$2,230$1,168$108
47 years$12,470$7,141$3,903$2,060$1,061$92
48 years$12,072$6,817$3,668$1,903$963$79
49 years$11,690$6,510$3,448$1,759$875$67
50 years$11,326$6,219$3,241$1,626$795$57

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 $3,427 every year, while hoping to spend $38,308 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: 58/21/21 Blend
53$11,600,000$11,600,000$11,600,000$11,600,000
54$12,786,735$12,171,935$11,992,135$13,456,568
55$14,050,223$12,727,600$12,353,112$14,468,278
56$15,441,302$13,309,209$12,724,898$15,566,312
57$16,972,947$13,917,993$13,107,814$16,762,595
58$18,659,454$14,555,241$13,502,192$18,066,620
59$20,516,575$15,222,305$13,908,373$19,488,829
60$22,561,669$15,920,601$14,326,707$21,040,703
61$24,813,864$16,651,615$14,757,556$22,734,875
62$27,294,236$17,416,902$15,201,292$24,585,239
63$30,026,011$18,218,093$15,658,298$26,607,083
64$33,034,781$19,056,896$16,128,968$28,817,226
65$36,348,748$19,935,104$16,613,708$31,234,177
66$39,998,989$20,854,593$17,112,936$33,878,304
67$44,019,749$21,817,331$17,627,083$36,772,020
68$48,448,764$22,825,381$18,156,590$39,939,996
69$53,327,617$23,880,903$18,701,915$43,409,386
70$58,702,131$24,986,164$19,263,526$47,210,079
71$64,622,800$26,143,539$19,841,906$51,374,978
72$71,145,269$27,355,516$20,437,553$55,940,303
73$78,330,855$28,624,704$21,050,980$60,945,933
74$86,247,126$29,953,839$21,682,712$66,435,772
75$94,968,543$31,345,787$22,333,292$72,458,160
76$104,577,157$32,803,553$23,003,280$79,066,327
77$115,163,387$34,330,287$23,693,250$86,318,882
78$126,826,872$35,929,291$24,403,794$94,280,366
79$139,677,413$37,604,025$25,135,520$103,021,856
80$153,836,006$39,358,119$25,889,057$112,621,622
81$169,435,987$41,195,376$26,665,050$123,165,866
82$186,624,291$43,119,783$27,464,162$134,749,526
83$205,562,836$45,135,520$28,287,079$147,477,161
84$226,430,053$47,246,967$29,134,503$161,463,937
85$249,422,569$49,458,720$30,007,160$176,836,700
86$274,757,067$51,775,593$30,905,796$193,735,166
87$302,672,326$54,202,635$31,831,178$212,313,233
88$333,431,477$56,745,138$32,784,096$232,740,421
89$367,324,489$59,408,651$33,765,365$255,203,467
90$404,670,903$62,198,991$34,775,820$279,908,070
91$445,822,849$65,122,255$35,816,324$307,080,831
92$491,168,372$68,184,839$36,887,764$336,971,372
93$541,135,094$71,393,444$37,991,052$369,854,687
94$596,194,249$74,755,098$39,127,128$406,033,723
95$656,865,135$78,277,170$40,296,958$445,842,226
96$723,720,011$81,967,384$41,501,539$489,647,882
97$797,389,506$85,833,839$42,741,895$537,855,769
98$878,568,566$89,885,028$44,019,078$590,912,168
99$968,023,018$94,129,853$45,334,176$649,308,763
100$1,066,596,798$98,577,648$46,688,303$713,587,263