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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.8%
1 years$966,175$957,569$949,172$940,977$932,974$903,471
2 years$478,304$469,397$460,763$452,393$444,274$414,817
3 years$315,702$306,756$298,144$289,852$281,865$253,379
4 years$234,417$225,498$216,973$208,822$201,029$173,732
5 years$185,659$176,793$168,380$160,396$152,819$126,784
6 years$153,164$144,365$136,076$128,270$120,920$96,170
7 years$129,962$121,237$113,080$105,458$98,341$74,873
8 years$112,569$103,923$95,901$88,466$81,583$59,382
9 years$99,048$90,484$82,599$75,353$68,705$47,745
10 years$88,237$79,757$72,012$64,955$58,540$38,791
11 years$79,398$71,003$63,398$56,530$50,346$31,771
12 years$72,038$63,728$56,264$49,585$43,629$26,189
13 years$65,814$57,592$50,268$43,776$38,045$21,698
14 years$60,484$52,349$45,166$38,859$33,350$18,051
15 years$55,870$47,822$40,779$34,656$29,364$15,068
16 years$51,835$43,876$36,972$31,030$25,952$12,612
17 years$48,280$40,408$33,643$27,881$23,011$10,581
18 years$45,122$37,339$30,712$25,126$20,460$8,894
19 years$42,301$34,605$28,115$22,704$18,237$7,488
20 years$39,765$32,157$25,803$20,562$16,289$6,312
21 years$37,473$29,953$23,734$18,662$14,577$5,326
22 years$35,392$27,960$21,874$16,968$13,066$4,499
23 years$33,495$26,150$20,197$15,453$11,729$3,803
24 years$31,759$24,501$18,679$14,094$10,542$3,217
25 years$30,164$22,993$17,300$12,871$9,487$2,723
26 years$28,695$21,610$16,045$11,769$8,545$2,305
27 years$27,336$20,337$14,899$10,772$7,704$1,953
28 years$26,077$19,164$13,851$9,870$6,952$1,655
29 years$24,906$18,079$12,889$9,051$6,277$1,402
30 years$23,816$17,074$12,006$8,306$5,672$1,189
31 years$22,798$16,140$11,193$7,629$5,128$1,008
32 years$21,846$15,272$10,443$7,011$4,638$855
33 years$20,953$14,463$9,751$6,447$4,198$725
34 years$20,114$13,707$9,111$5,932$3,801$615
35 years$19,326$13,001$8,518$5,461$3,442$522
36 years$18,582$12,340$7,968$5,029$3,119$443
37 years$17,881$11,720$7,458$4,634$2,827$376
38 years$17,218$11,138$6,984$4,271$2,563$319
39 years$16,590$10,592$6,543$3,938$2,324$271
40 years$15,996$10,077$6,133$3,632$2,108$230
41 years$15,432$9,592$5,751$3,351$1,912$195
42 years$14,896$9,135$5,395$3,093$1,735$165
43 years$14,386$8,704$5,062$2,855$1,575$140
44 years$13,901$8,297$4,752$2,636$1,430$119
45 years$13,439$7,912$4,462$2,435$1,298$101
46 years$12,998$7,548$4,190$2,249$1,178$86
47 years$12,578$7,203$3,937$2,078$1,070$73
48 years$12,176$6,876$3,700$1,920$972$62
49 years$11,791$6,566$3,477$1,774$883$53
50 years$11,423$6,272$3,269$1,640$802$45

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 $2,239 every year, while hoping to spend $34,163 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: 85/7/8 Blend
53$11,700,000$11,700,000$11,700,000$11,700,000
54$12,895,710$12,275,610$12,094,260$13,980,548
55$14,174,723$12,840,765$12,463,068$15,254,180
56$15,583,050$13,432,469$12,843,087$16,648,336
57$17,133,846$14,051,984$13,234,655$18,178,942
58$18,841,605$14,700,638$13,638,122$19,859,702
59$20,722,299$15,379,819$14,053,849$21,705,709
60$22,793,527$16,090,984$14,482,207$23,733,586
61$25,074,683$16,835,659$14,923,577$25,961,643
62$27,587,138$17,615,443$15,378,355$28,410,048
63$30,354,441$18,432,015$15,846,944$31,101,016
64$33,402,541$19,287,131$16,329,764$34,059,019
65$36,760,034$20,182,634$16,827,245$37,311,011
66$40,458,430$21,120,455$17,339,830$40,886,688
67$44,532,451$22,102,619$17,867,976$44,818,761
68$49,020,362$23,131,248$18,412,154$49,143,266
69$53,964,326$24,208,566$18,972,848$53,899,902
70$59,410,806$25,336,906$19,550,558$59,132,403
71$65,411,005$26,518,710$20,145,798$64,888,953
72$72,021,343$27,756,543$20,759,097$71,222,633
73$79,303,995$29,053,089$21,391,003$78,191,925
74$87,327,478$30,411,165$22,042,076$85,861,260
75$96,167,291$31,833,722$22,712,896$94,301,627
76$105,906,636$33,323,856$23,404,059$103,591,235
77$116,637,198$34,884,810$24,116,181$113,816,255
78$128,460,012$36,519,986$24,849,893$125,071,630
79$141,486,417$38,232,949$25,605,847$137,461,965
80$155,839,104$40,027,436$26,384,716$151,102,517
81$171,653,280$41,907,367$27,187,191$166,120,278
82$189,077,937$43,876,851$28,013,984$182,655,171
83$208,277,264$45,940,193$28,865,830$200,861,367
84$229,432,193$48,101,911$29,743,484$220,908,742
85$252,742,110$50,366,739$30,647,724$242,984,472
86$278,426,736$52,739,640$31,579,354$267,294,800
87$306,728,199$55,225,818$32,539,198$294,066,978
88$337,913,322$57,830,730$33,528,108$323,551,412
89$372,276,142$60,560,096$34,546,960$356,024,016
90$410,140,682$63,419,915$35,596,657$391,788,822
91$451,864,016$66,416,475$36,678,129$431,180,836
92$497,839,632$69,556,368$37,792,333$474,569,205
93$548,501,154$72,846,510$38,940,256$522,360,693
94$604,326,430$76,294,148$40,122,913$575,003,517
95$665,842,047$79,906,882$41,341,351$632,991,575
96$733,628,297$83,692,681$42,596,648$696,869,102
97$808,324,662$87,659,900$43,889,914$767,235,806
98$890,635,843$91,817,301$45,222,292$844,752,520
99$981,338,420$96,174,070$46,594,960$930,147,437
100$1,081,288,179$100,739,839$48,009,130$1,024,222,979