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

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$974,433$965,753$957,285$949,019$940,949$915,972
2 years$482,393$473,408$464,701$456,259$448,071$423,082
3 years$318,401$309,378$300,693$292,330$284,274$260,055
4 years$236,421$227,425$218,827$210,607$202,747$179,483
5 years$187,245$178,304$169,819$161,766$154,125$131,881
6 years$154,473$145,599$137,239$129,366$121,954$100,751
7 years$131,073$122,274$114,046$106,359$99,181$79,021
8 years$113,531$104,811$96,720$89,222$82,280$63,152
9 years$99,894$91,257$83,305$75,997$69,292$51,179
10 years$88,992$80,438$72,627$65,510$59,040$41,920
11 years$80,077$71,610$63,940$57,014$50,777$34,623
12 years$72,653$64,273$56,745$50,009$44,002$28,785
13 years$66,377$58,084$50,698$44,150$38,370$24,059
14 years$61,001$52,797$45,552$39,192$33,635$20,196
15 years$56,347$48,231$41,128$34,952$29,615$17,014
16 years$52,278$44,251$37,288$31,296$26,174$14,375
17 years$48,692$40,753$33,931$28,119$23,208$12,175
18 years$45,508$37,658$30,974$25,341$20,635$10,333
19 years$42,662$34,901$28,356$22,898$18,393$8,784
20 years$40,104$32,432$26,023$20,738$16,429$7,479
21 years$37,793$30,209$23,936$18,821$14,702$6,375
22 years$35,695$28,199$22,061$17,113$13,178$5,439
23 years$33,782$26,374$20,370$15,585$11,829$4,645
24 years$32,031$24,711$18,838$14,214$10,633$3,970
25 years$30,422$23,190$17,448$12,981$9,568$3,395
26 years$28,940$21,795$16,182$11,870$8,618$2,905
27 years$27,570$20,511$15,027$10,864$7,770$2,487
28 years$26,300$19,328$13,969$9,954$7,011$2,130
29 years$25,119$18,233$13,000$9,128$6,331$1,824
30 years$24,020$17,219$12,109$8,377$5,720$1,563
31 years$22,993$16,278$11,289$7,694$5,172$1,340
32 years$22,033$15,402$10,532$7,071$4,678$1,149
33 years$21,132$14,586$9,834$6,502$4,234$985
34 years$20,286$13,825$9,188$5,983$3,833$845
35 years$19,491$13,112$8,591$5,507$3,472$724
36 years$18,741$12,446$8,036$5,072$3,146$621
37 years$18,034$11,820$7,522$4,673$2,851$533
38 years$17,365$11,234$7,044$4,308$2,585$457
39 years$16,732$10,682$6,599$3,972$2,344$392
40 years$16,132$10,163$6,186$3,663$2,126$337
41 years$15,564$9,674$5,800$3,380$1,929$289
42 years$15,023$9,213$5,441$3,119$1,750$248
43 years$14,509$8,779$5,105$2,879$1,588$213
44 years$14,020$8,368$4,792$2,659$1,442$183
45 years$13,554$7,979$4,500$2,455$1,309$157
46 years$13,109$7,612$4,226$2,268$1,188$135
47 years$12,685$7,264$3,971$2,095$1,079$115
48 years$12,280$6,935$3,731$1,936$980$99
49 years$11,892$6,622$3,507$1,789$890$85
50 years$11,521$6,326$3,297$1,654$808$73

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 $3,847 every year, while hoping to spend $38,470 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: 24/47/29 Blend
53$11,800,000$11,800,000$11,800,000$11,800,000
54$13,007,568$12,382,168$12,199,268$13,201,099
55$14,293,408$12,947,963$12,567,012$13,932,919
56$15,709,115$13,540,192$12,945,786$14,712,930
57$17,267,893$14,160,110$13,335,918$15,547,838
58$18,984,296$14,809,032$13,737,749$16,442,244
59$20,874,356$15,488,337$14,151,625$17,401,170
60$22,955,742$16,199,468$14,577,907$18,430,111
61$25,247,925$16,943,938$15,016,964$19,535,072
62$27,772,357$17,723,335$15,469,175$20,722,623
63$30,552,679$18,539,320$15,934,935$21,999,954
64$33,614,941$19,393,636$16,414,644$23,374,936
65$36,987,850$20,288,109$16,908,719$24,856,184
66$40,703,037$21,224,653$17,417,588$26,453,137
67$44,795,360$22,205,274$17,941,690$28,176,135
68$49,303,229$23,232,075$18,481,479$30,036,510
69$54,268,971$24,307,259$19,037,421$32,046,682
70$59,739,229$25,433,137$19,609,997$34,220,271
71$65,765,399$26,612,130$20,199,701$36,572,212
72$72,404,121$27,846,775$20,807,043$39,118,889
73$79,717,809$29,139,734$21,432,546$41,878,278
74$87,775,239$30,493,795$22,076,750$44,870,106
75$96,652,202$31,911,880$22,740,210$48,116,026
76$106,432,219$33,397,054$23,423,499$51,639,810
77$117,207,324$34,952,529$24,127,205$55,467,558
78$129,078,939$36,581,671$24,851,934$59,627,937
79$142,158,828$38,288,009$25,598,311$64,152,432
80$156,570,151$40,075,244$26,366,977$69,075,636
81$172,448,629$41,947,254$27,158,594$74,435,552
82$189,943,824$43,908,105$27,973,842$80,273,947
83$209,220,551$45,962,058$28,813,422$86,636,721
84$230,460,430$48,113,583$29,678,055$93,574,330
85$253,863,609$50,367,363$30,568,484$101,142,240
86$279,650,642$52,728,309$31,485,473$109,401,435
87$308,064,580$55,201,569$32,429,809$118,418,969
88$339,373,261$57,792,540$33,402,302$128,268,585
89$373,871,840$60,506,880$34,403,786$139,031,386
90$411,885,573$63,350,523$35,435,118$150,796,576
91$453,772,889$66,329,686$36,497,182$163,662,286
92$499,928,774$69,450,890$37,590,887$177,736,467
93$550,788,497$72,720,972$38,717,170$193,137,891
94$606,831,721$76,147,097$39,876,993$209,997,241
95$668,587,033$79,736,781$41,071,348$228,458,322
96$736,636,928$83,497,902$42,301,256$248,679,380
97$811,623,315$87,438,718$43,567,768$270,834,576
98$894,253,569$91,567,892$44,871,965$295,115,591
99$985,307,217$95,894,502$46,214,959$321,733,404
100$1,085,643,290$100,428,070$47,597,897$350,920,249