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%15.3%
1 years$974,433$965,753$957,285$949,019$940,949$920,446
2 years$482,393$473,408$464,701$456,259$448,071$427,518
3 years$318,401$309,378$300,693$292,330$284,274$264,313
4 years$236,421$227,425$218,827$210,607$202,747$183,531
5 years$187,245$178,304$169,819$161,766$154,125$135,708
6 years$154,473$145,599$137,239$129,366$121,954$104,356
7 years$131,073$122,274$114,046$106,359$99,181$82,405
8 years$113,531$104,811$96,720$89,222$82,280$66,320
9 years$99,894$91,257$83,305$75,997$69,292$54,137
10 years$88,992$80,438$72,627$65,510$59,040$44,674
11 years$80,077$71,610$63,940$57,014$50,777$37,181
12 years$72,653$64,273$56,745$50,009$44,002$31,156
13 years$66,377$58,084$50,698$44,150$38,370$26,251
14 years$61,001$52,797$45,552$39,192$33,635$22,218
15 years$56,347$48,231$41,128$34,952$29,615$18,874
16 years$52,278$44,251$37,288$31,296$26,174$16,084
17 years$48,692$40,753$33,931$28,119$23,208$13,741
18 years$45,508$37,658$30,974$25,341$20,635$11,765
19 years$42,662$34,901$28,356$22,898$18,393$10,092
20 years$40,104$32,432$26,023$20,738$16,429$8,671
21 years$37,793$30,209$23,936$18,821$14,702$7,459
22 years$35,695$28,199$22,061$17,113$13,178$6,424
23 years$33,782$26,374$20,370$15,585$11,829$5,538
24 years$32,031$24,711$18,838$14,214$10,633$4,778
25 years$30,422$23,190$17,448$12,981$9,568$4,126
26 years$28,940$21,795$16,182$11,870$8,618$3,564
27 years$27,570$20,511$15,027$10,864$7,770$3,081
28 years$26,300$19,328$13,969$9,954$7,011$2,664
29 years$25,119$18,233$13,000$9,128$6,331$2,305
30 years$24,020$17,219$12,109$8,377$5,720$1,995
31 years$22,993$16,278$11,289$7,694$5,172$1,727
32 years$22,033$15,402$10,532$7,071$4,678$1,495
33 years$21,132$14,586$9,834$6,502$4,234$1,295
34 years$20,286$13,825$9,188$5,983$3,833$1,122
35 years$19,491$13,112$8,591$5,507$3,472$972
36 years$18,741$12,446$8,036$5,072$3,146$842
37 years$18,034$11,820$7,522$4,673$2,851$730
38 years$17,365$11,234$7,044$4,308$2,585$633
39 years$16,732$10,682$6,599$3,972$2,344$548
40 years$16,132$10,163$6,186$3,663$2,126$475
41 years$15,564$9,674$5,800$3,380$1,929$412
42 years$15,023$9,213$5,441$3,119$1,750$357
43 years$14,509$8,779$5,105$2,879$1,588$310
44 years$14,020$8,368$4,792$2,659$1,442$269
45 years$13,554$7,979$4,500$2,455$1,309$233
46 years$13,109$7,612$4,226$2,268$1,188$202
47 years$12,685$7,264$3,971$2,095$1,079$175
48 years$12,280$6,935$3,731$1,936$980$152
49 years$11,892$6,622$3,507$1,789$890$132
50 years$11,521$6,326$3,297$1,654$808$114

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 $4,163 every year, while hoping to spend $49,539 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: 70/6/24 Blend
53$11,800,000$11,800,000$11,800,000$11,800,000
54$13,007,894$12,382,494$12,199,594$13,839,277
55$14,281,990$12,936,527$12,555,571$14,949,978
56$15,684,384$13,516,048$12,921,814$16,159,239
57$17,228,109$14,122,252$13,298,612$17,481,826
58$18,927,527$14,756,394$13,686,267$18,928,969
59$20,798,464$15,419,786$14,085,086$20,513,037
60$22,858,357$16,113,805$14,495,386$22,247,646
61$25,126,420$16,839,892$14,917,492$24,147,788
62$27,623,826$17,599,557$15,351,739$26,229,975
63$30,373,904$18,394,383$15,798,470$28,512,389
64$33,402,362$19,226,028$16,258,038$31,015,052
65$36,737,527$20,096,228$16,730,808$33,760,016
66$40,410,616$21,006,805$17,217,151$36,771,567
67$44,456,024$21,959,664$17,717,451$40,076,455
68$48,911,656$22,956,804$18,232,102$43,704,141
69$53,819,276$24,000,319$18,761,509$47,687,078
70$59,224,911$25,092,403$19,306,088$52,061,009
71$65,179,277$26,235,356$19,866,267$56,865,308
72$71,738,261$27,431,586$20,442,485$62,143,349
73$78,963,448$28,683,618$21,035,193$67,942,908
74$86,922,703$29,994,098$21,644,855$74,316,619
75$95,690,808$31,365,799$22,271,947$81,322,461
76$105,350,174$32,801,626$22,916,960$89,024,309
77$115,991,609$34,304,624$23,580,396$97,492,533
78$127,715,187$35,877,984$24,262,773$106,804,655
79$140,631,181$37,525,050$24,964,621$117,046,084
80$154,861,111$39,249,327$25,686,485$128,310,918
81$170,538,889$41,054,489$26,428,927$140,702,825
82$187,812,081$42,944,385$27,192,522$154,336,024
83$206,843,304$44,923,049$27,977,862$169,336,358
84$227,811,754$46,994,712$28,785,553$185,842,477
85$250,914,905$49,163,805$29,616,221$204,007,145
86$276,370,367$51,434,974$30,470,507$223,998,680
87$304,417,944$53,813,087$31,349,068$246,002,535
88$335,321,895$56,303,248$32,252,582$270,223,050
89$369,373,428$58,910,807$33,181,744$296,885,372
90$406,893,451$61,641,370$34,137,266$326,237,580
91$448,235,601$64,500,815$35,119,882$358,553,021
92$493,789,579$67,495,302$36,130,345$394,132,886
93$543,984,832$70,631,288$37,169,427$433,309,048
94$599,294,606$73,915,542$38,237,924$476,447,192
95$660,240,411$77,355,159$39,336,650$523,950,262
96$727,396,947$80,957,576$40,466,442$576,262,257
97$801,397,529$84,730,590$41,628,161$633,872,420
98$882,940,061$88,682,374$42,822,689$697,319,849
99$972,793,632$92,821,495$44,050,934$767,198,583
100$1,071,805,768$97,156,933$45,313,825$844,163,200