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%16.9%
1 years$974,433$965,753$957,285$949,019$940,949$914,494
2 years$482,393$473,408$464,701$456,259$448,071$421,620
3 years$318,401$309,378$300,693$292,330$284,274$258,656
4 years$236,421$227,425$218,827$210,607$202,747$178,157
5 years$187,245$178,304$169,819$161,766$154,125$130,632
6 years$154,473$145,599$137,239$129,366$121,954$99,578
7 years$131,073$122,274$114,046$106,359$99,181$77,924
8 years$113,531$104,811$96,720$89,222$82,280$62,130
9 years$99,894$91,257$83,305$75,997$69,292$50,229
10 years$88,992$80,438$72,627$65,510$59,040$41,039
11 years$80,077$71,610$63,940$57,014$50,777$33,808
12 years$72,653$64,273$56,745$50,009$44,002$28,034
13 years$66,377$58,084$50,698$44,150$38,370$23,369
14 years$61,001$52,797$45,552$39,192$33,635$19,563
15 years$56,347$48,231$41,128$34,952$29,615$16,434
16 years$52,278$44,251$37,288$31,296$26,174$13,845
17 years$48,692$40,753$33,931$28,119$23,208$11,692
18 years$45,508$37,658$30,974$25,341$20,635$9,894
19 years$42,662$34,901$28,356$22,898$18,393$8,386
20 years$40,104$32,432$26,023$20,738$16,429$7,118
21 years$37,793$30,209$23,936$18,821$14,702$6,048
22 years$35,695$28,199$22,061$17,113$13,178$5,145
23 years$33,782$26,374$20,370$15,585$11,829$4,380
24 years$32,031$24,711$18,838$14,214$10,633$3,731
25 years$30,422$23,190$17,448$12,981$9,568$3,181
26 years$28,940$21,795$16,182$11,870$8,618$2,713
27 years$27,570$20,511$15,027$10,864$7,770$2,315
28 years$26,300$19,328$13,969$9,954$7,011$1,976
29 years$25,119$18,233$13,000$9,128$6,331$1,687
30 years$24,020$17,219$12,109$8,377$5,720$1,441
31 years$22,993$16,278$11,289$7,694$5,172$1,231
32 years$22,033$15,402$10,532$7,071$4,678$1,052
33 years$21,132$14,586$9,834$6,502$4,234$899
34 years$20,286$13,825$9,188$5,983$3,833$768
35 years$19,491$13,112$8,591$5,507$3,472$657
36 years$18,741$12,446$8,036$5,072$3,146$561
37 years$18,034$11,820$7,522$4,673$2,851$480
38 years$17,365$11,234$7,044$4,308$2,585$410
39 years$16,732$10,682$6,599$3,972$2,344$351
40 years$16,132$10,163$6,186$3,663$2,126$300
41 years$15,564$9,674$5,800$3,380$1,929$257
42 years$15,023$9,213$5,441$3,119$1,750$220
43 years$14,509$8,779$5,105$2,879$1,588$188
44 years$14,020$8,368$4,792$2,659$1,442$161
45 years$13,554$7,979$4,500$2,455$1,309$137
46 years$13,109$7,612$4,226$2,268$1,188$117
47 years$12,685$7,264$3,971$2,095$1,079$100
48 years$12,280$6,935$3,731$1,936$980$86
49 years$11,892$6,622$3,507$1,789$890$74
50 years$11,521$6,326$3,297$1,654$808$63

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 $2,922 every year, while hoping to spend $34,472 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: 58/34/8 Blend
53$11,800,000$11,800,000$11,800,000$11,800,000
54$13,006,614$12,381,214$12,198,314$13,737,511
55$14,296,611$12,951,216$12,570,280$14,799,192
56$15,717,032$13,547,992$12,953,551$15,951,694
57$17,281,144$14,172,818$13,348,470$17,207,008
58$19,003,566$14,827,032$13,755,389$18,574,984
59$20,900,408$15,512,034$14,174,672$20,066,448
60$22,989,419$16,229,294$14,606,693$21,693,301
61$25,290,160$16,980,350$15,051,838$23,468,624
62$27,824,185$17,766,816$15,510,504$25,406,805
63$30,615,246$18,590,383$15,983,099$27,523,659
64$33,689,514$19,452,825$16,470,045$29,836,584
65$37,075,829$20,355,998$16,971,777$32,364,710
66$40,805,974$21,301,852$17,488,742$35,129,084
67$44,914,968$22,292,428$18,021,399$38,152,855
68$49,441,403$23,329,865$18,570,225$41,461,492
69$54,427,806$24,416,408$19,135,707$45,083,017
70$59,921,038$25,554,408$19,718,349$49,048,263
71$65,972,740$26,746,330$20,318,670$53,391,159
72$72,639,818$27,994,759$20,937,204$58,149,043
73$79,984,980$29,302,403$21,574,501$63,363,006
74$88,077,330$30,672,103$22,231,129$69,078,278
75$96,993,017$32,106,835$22,907,671$75,344,640
76$106,815,955$33,609,721$23,604,728$82,216,890
77$117,638,618$35,184,032$24,322,922$89,755,351
78$129,562,906$36,833,198$25,062,889$98,026,431
79$142,701,113$38,560,816$25,825,287$107,103,240
80$157,176,986$40,370,655$26,610,793$117,066,273
81$173,126,889$42,266,668$27,420,105$128,004,155
82$190,701,095$44,252,998$28,253,941$140,014,474
83$210,065,200$46,333,988$29,113,042$153,204,681
84$231,401,691$48,514,194$29,998,169$167,693,103
85$254,911,663$50,798,389$30,910,108$183,610,041
86$280,816,724$53,191,581$31,849,667$201,098,987
87$309,361,079$55,699,018$32,817,680$220,317,972
88$340,813,841$58,326,201$33,815,004$241,441,034
89$375,471,569$61,078,902$34,842,524$264,659,854
90$413,661,070$63,963,169$35,901,149$290,185,545
91$455,742,478$66,985,344$36,991,817$318,250,632
92$502,112,662$70,152,076$38,115,494$349,111,228
93$553,208,965$73,470,339$39,273,174$383,049,435
94$609,513,336$76,947,443$40,465,882$420,375,989
95$671,556,880$80,591,051$41,694,673$461,433,170
96$739,924,871$84,409,202$42,960,633$506,598,020
97$815,262,276$88,410,322$44,264,883$556,285,874
98$898,279,847$92,603,246$45,608,575$610,954,263
99$989,760,825$96,997,239$46,992,897$671,107,207
100$1,090,568,341$101,602,015$48,419,071$737,299,950