Can I retire at age 54 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$966,175$957,569$949,172$940,977$932,974$895,958
2 years$478,304$469,397$460,763$452,393$444,274$407,439
3 years$315,702$306,756$298,144$289,852$281,865$246,372
4 years$234,417$225,498$216,973$208,822$201,029$167,147
5 years$185,659$176,793$168,380$160,396$152,819$120,635
6 years$153,164$144,365$136,076$128,270$120,920$90,456
7 years$129,962$121,237$113,080$105,458$98,341$69,583
8 years$112,569$103,923$95,901$88,466$81,583$54,504
9 years$99,048$90,484$82,599$75,353$68,705$43,263
10 years$88,237$79,757$72,012$64,955$58,540$34,686
11 years$79,398$71,003$63,398$56,530$50,346$28,024
12 years$72,038$63,728$56,264$49,585$43,629$22,779
13 years$65,814$57,592$50,268$43,776$38,045$18,603
14 years$60,484$52,349$45,166$38,859$33,350$15,252
15 years$55,870$47,822$40,779$34,656$29,364$12,542
16 years$51,835$43,876$36,972$31,030$25,952$10,340
17 years$48,280$40,408$33,643$27,881$23,011$8,542
18 years$45,122$37,339$30,712$25,126$20,460$7,068
19 years$42,301$34,605$28,115$22,704$18,237$5,856
20 years$39,765$32,157$25,803$20,562$16,289$4,858
21 years$37,473$29,953$23,734$18,662$14,577$4,033
22 years$35,392$27,960$21,874$16,968$13,066$3,351
23 years$33,495$26,150$20,197$15,453$11,729$2,786
24 years$31,759$24,501$18,679$14,094$10,542$2,318
25 years$30,164$22,993$17,300$12,871$9,487$1,929
26 years$28,695$21,610$16,045$11,769$8,545$1,606
27 years$27,336$20,337$14,899$10,772$7,704$1,337
28 years$26,077$19,164$13,851$9,870$6,952$1,114
29 years$24,906$18,079$12,889$9,051$6,277$928
30 years$23,816$17,074$12,006$8,306$5,672$773
31 years$22,798$16,140$11,193$7,629$5,128$645
32 years$21,846$15,272$10,443$7,011$4,638$537
33 years$20,953$14,463$9,751$6,447$4,198$448
34 years$20,114$13,707$9,111$5,932$3,801$373
35 years$19,326$13,001$8,518$5,461$3,442$311
36 years$18,582$12,340$7,968$5,029$3,119$260
37 years$17,881$11,720$7,458$4,634$2,827$216
38 years$17,218$11,138$6,984$4,271$2,563$180
39 years$16,590$10,592$6,543$3,938$2,324$151
40 years$15,996$10,077$6,133$3,632$2,108$126
41 years$15,432$9,592$5,751$3,351$1,912$105
42 years$14,896$9,135$5,395$3,093$1,735$87
43 years$14,386$8,704$5,062$2,855$1,575$73
44 years$13,901$8,297$4,752$2,636$1,430$61
45 years$13,439$7,912$4,462$2,435$1,298$51
46 years$12,998$7,548$4,190$2,249$1,178$42
47 years$12,578$7,203$3,937$2,078$1,070$35
48 years$12,176$6,876$3,700$1,920$972$29
49 years$11,791$6,566$3,477$1,774$883$24
50 years$11,423$6,272$3,269$1,640$802$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,700,000, adding $6,737 every year, while hoping to spend $22,306 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: 58/29/13 Blend
53$11,700,000$11,700,000$11,700,000$11,700,000
54$12,900,349$12,280,249$12,098,899$13,606,169
55$14,192,451$12,858,248$12,480,479$14,661,514
56$15,615,600$13,463,821$12,874,094$15,808,298
57$17,183,140$14,098,296$13,280,124$17,057,832
58$18,909,772$14,763,065$13,698,960$18,419,990
59$20,811,701$15,459,587$14,131,008$19,905,628
60$22,906,780$16,189,393$14,576,682$21,526,677
61$25,214,684$16,954,085$15,036,413$23,296,259
62$27,757,094$17,755,348$15,510,645$25,228,803
63$30,557,900$18,594,943$15,999,835$27,340,177
64$33,643,431$19,474,720$16,504,454$29,647,835
65$37,042,698$20,396,618$17,024,990$32,170,974
66$40,787,671$21,362,670$17,561,945$34,930,715
67$44,913,579$22,375,006$18,115,836$37,950,293
68$49,459,245$23,435,862$18,687,197$41,255,274
69$54,467,450$24,547,582$19,276,581$44,873,788
70$59,985,338$25,712,621$19,884,554$48,836,792
71$66,064,860$26,933,558$20,511,704$53,178,353
72$72,763,265$28,213,092$21,158,636$57,935,967
73$80,143,642$29,554,056$21,825,974$63,150,902
74$88,275,510$30,959,422$22,514,360$68,868,583
75$97,235,480$32,432,302$23,224,460$75,139,013
76$107,107,978$33,975,964$23,956,958$82,017,239
77$117,986,037$35,593,831$24,712,561$89,563,860
78$129,972,178$37,289,494$25,491,998$97,845,596
79$143,179,381$39,066,719$26,296,020$106,935,905
80$157,732,144$40,929,455$27,125,403$116,915,666
81$173,767,666$42,881,841$27,980,947$127,873,938
82$191,437,136$44,928,220$28,863,477$139,908,788
83$210,907,165$47,073,144$29,773,845$153,128,206
84$232,361,356$49,321,388$30,712,929$167,651,114
85$256,002,036$51,677,958$31,681,634$183,608,477
86$282,052,171$54,148,105$32,680,895$201,144,527
87$310,757,463$56,737,333$33,711,676$220,418,113
88$342,388,679$59,451,417$34,774,972$241,604,188
89$377,244,198$62,296,410$35,871,807$264,895,444
90$415,652,834$65,278,662$37,003,240$290,504,119
91$457,976,937$68,404,831$38,170,363$318,663,986
92$504,615,816$71,681,898$39,374,301$349,632,541
93$556,009,504$75,117,187$40,616,216$383,693,421
94$612,642,920$78,718,375$41,897,306$421,159,062
95$675,050,438$82,493,516$43,218,806$462,373,632
96$743,820,939$86,451,054$44,581,991$507,716,259
97$819,603,364$90,599,845$45,988,177$557,604,593
98$903,112,846$94,949,176$47,438,720$612,498,725
99$995,137,458$99,508,788$48,935,019$672,905,511
100$1,096,545,654$104,288,894$50,478,518$739,383,334