Can I retire at age 54 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$974,433$965,753$957,285$949,019$940,949$913,023
2 years$482,393$473,408$464,701$456,259$448,071$420,167
3 years$318,401$309,378$300,693$292,330$284,274$257,267
4 years$236,421$227,425$218,827$210,607$202,747$176,843
5 years$187,245$178,304$169,819$161,766$154,125$129,395
6 years$154,473$145,599$137,239$129,366$121,954$98,420
7 years$131,073$122,274$114,046$106,359$99,181$76,843
8 years$113,531$104,811$96,720$89,222$82,280$61,124
9 years$99,894$91,257$83,305$75,997$69,292$49,296
10 years$88,992$80,438$72,627$65,510$59,040$40,176
11 years$80,077$71,610$63,940$57,014$50,777$33,012
12 years$72,653$64,273$56,745$50,009$44,002$27,302
13 years$66,377$58,084$50,698$44,150$38,370$22,697
14 years$61,001$52,797$45,552$39,192$33,635$18,948
15 years$56,347$48,231$41,128$34,952$29,615$15,872
16 years$52,278$44,251$37,288$31,296$26,174$13,334
17 years$48,692$40,753$33,931$28,119$23,208$11,228
18 years$45,508$37,658$30,974$25,341$20,635$9,472
19 years$42,662$34,901$28,356$22,898$18,393$8,005
20 years$40,104$32,432$26,023$20,738$16,429$6,773
21 years$37,793$30,209$23,936$18,821$14,702$5,738
22 years$35,695$28,199$22,061$17,113$13,178$4,866
23 years$33,782$26,374$20,370$15,585$11,829$4,129
24 years$32,031$24,711$18,838$14,214$10,633$3,507
25 years$30,422$23,190$17,448$12,981$9,568$2,980
26 years$28,940$21,795$16,182$11,870$8,618$2,533
27 years$27,570$20,511$15,027$10,864$7,770$2,155
28 years$26,300$19,328$13,969$9,954$7,011$1,833
29 years$25,119$18,233$13,000$9,128$6,331$1,560
30 years$24,020$17,219$12,109$8,377$5,720$1,328
31 years$22,993$16,278$11,289$7,694$5,172$1,131
32 years$22,033$15,402$10,532$7,071$4,678$963
33 years$21,132$14,586$9,834$6,502$4,234$820
34 years$20,286$13,825$9,188$5,983$3,833$699
35 years$19,491$13,112$8,591$5,507$3,472$595
36 years$18,741$12,446$8,036$5,072$3,146$507
37 years$18,034$11,820$7,522$4,673$2,851$432
38 years$17,365$11,234$7,044$4,308$2,585$368
39 years$16,732$10,682$6,599$3,972$2,344$314
40 years$16,132$10,163$6,186$3,663$2,126$268
41 years$15,564$9,674$5,800$3,380$1,929$228
42 years$15,023$9,213$5,441$3,119$1,750$194
43 years$14,509$8,779$5,105$2,879$1,588$166
44 years$14,020$8,368$4,792$2,659$1,442$141
45 years$13,554$7,979$4,500$2,455$1,309$120
46 years$13,109$7,612$4,226$2,268$1,188$103
47 years$12,685$7,264$3,971$2,095$1,079$87
48 years$12,280$6,935$3,731$1,936$980$75
49 years$11,892$6,622$3,507$1,789$890$64
50 years$11,521$6,326$3,297$1,654$808$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,800,000, adding $5,855 every year, while hoping to spend $57,486 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: 65/9/26 Blend
53$11,800,000$11,800,000$11,800,000$11,800,000
54$13,009,639$12,384,239$12,201,339$13,766,143
55$14,275,458$12,929,903$12,548,920$14,823,101
56$15,668,463$13,500,376$12,906,217$15,970,931
57$17,201,568$14,096,816$13,273,497$17,224,253
58$18,888,999$14,720,431$13,651,030$18,593,446
59$20,746,434$15,372,489$14,039,096$20,089,932
60$22,791,146$16,054,317$14,437,982$21,726,288
61$25,042,168$16,767,304$14,847,980$23,516,358
62$27,520,474$17,512,907$15,269,392$25,475,383
63$30,249,174$18,292,651$15,702,528$27,620,144
64$33,253,731$19,108,132$16,147,704$29,969,118
65$36,562,207$19,961,026$16,605,247$32,542,649
66$40,205,520$20,853,083$17,075,491$35,363,141
67$44,217,740$21,786,142$17,558,777$38,455,264
68$48,636,412$22,762,125$18,055,458$41,846,186
69$53,502,905$23,783,048$18,565,895$45,565,829
70$58,862,805$24,851,022$19,090,457$49,647,144
71$64,766,348$25,968,258$19,629,524$54,126,426
72$71,268,887$27,137,075$20,183,485$59,043,650
73$78,431,421$28,359,899$20,752,739$64,442,843
74$86,321,167$29,639,275$21,337,696$70,372,505
75$95,012,193$30,977,867$21,938,777$76,886,056
76$104,586,122$32,378,467$22,556,410$84,042,340
77$115,132,896$33,844,001$23,191,039$91,906,180
78$126,751,628$35,377,535$23,843,117$100,548,982
79$139,551,540$36,982,280$24,513,107$110,049,408
80$153,652,987$38,661,601$25,201,486$120,494,115
81$169,188,598$40,419,026$25,908,742$131,978,571
82$186,304,526$42,258,249$26,635,375$144,607,948
83$205,161,827$44,183,143$27,381,900$158,498,114
84$225,937,982$46,197,765$28,148,842$173,776,724
85$248,828,568$48,306,368$28,936,741$190,584,416
86$274,049,109$50,513,407$29,746,149$209,076,140
87$301,837,106$52,823,552$30,577,632$229,422,612
88$332,454,281$55,241,696$31,431,773$251,811,920
89$366,189,046$57,772,967$32,309,166$276,451,299
90$403,359,227$60,422,741$33,210,421$303,569,080
91$444,315,061$63,196,648$34,136,163$333,416,838
92$489,442,506$66,100,592$35,087,033$366,271,764
93$539,166,880$69,140,760$36,063,687$402,439,274
94$593,956,880$72,323,635$37,066,799$442,255,890
95$654,329,001$75,656,013$38,097,056$486,092,404
96$720,852,418$79,145,016$39,155,166$534,357,377
97$794,154,351$82,798,109$40,241,850$587,500,989
98$874,925,993$86,623,115$41,357,851$646,019,279
99$963,929,032$90,628,235$42,503,927$710,458,822
100$1,062,002,839$94,822,064$43,680,854$781,421,880