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%18.9%
1 years$974,433$965,753$957,285$949,019$940,949$907,202
2 years$482,393$473,408$464,701$456,259$448,071$414,437
3 years$318,401$309,378$300,693$292,330$284,274$251,810
4 years$236,421$227,425$218,827$210,607$202,747$171,700
5 years$187,245$178,304$169,819$161,766$154,125$124,577
6 years$154,473$145,599$137,239$129,366$121,954$93,927
7 years$131,073$122,274$114,046$106,359$99,181$72,669
8 years$113,531$104,811$96,720$89,222$82,280$57,260
9 years$99,894$91,257$83,305$75,997$69,292$45,731
10 years$88,992$80,438$72,627$65,510$59,040$36,897
11 years$80,077$71,610$63,940$57,014$50,777$30,006
12 years$72,653$64,273$56,745$50,009$44,002$24,553
13 years$66,377$58,084$50,698$44,150$38,370$20,191
14 years$61,001$52,797$45,552$39,192$33,635$16,669
15 years$56,347$48,231$41,128$34,952$29,615$13,806
16 years$52,278$44,251$37,288$31,296$26,174$11,465
17 years$48,692$40,753$33,931$28,119$23,208$9,541
18 years$45,508$37,658$30,974$25,341$20,635$7,954
19 years$42,662$34,901$28,356$22,898$18,393$6,641
20 years$40,104$32,432$26,023$20,738$16,429$5,551
21 years$37,793$30,209$23,936$18,821$14,702$4,645
22 years$35,695$28,199$22,061$17,113$13,178$3,890
23 years$33,782$26,374$20,370$15,585$11,829$3,260
24 years$32,031$24,711$18,838$14,214$10,633$2,733
25 years$30,422$23,190$17,448$12,981$9,568$2,293
26 years$28,940$21,795$16,182$11,870$8,618$1,924
27 years$27,570$20,511$15,027$10,864$7,770$1,616
28 years$26,300$19,328$13,969$9,954$7,011$1,357
29 years$25,119$18,233$13,000$9,128$6,331$1,140
30 years$24,020$17,219$12,109$8,377$5,720$957
31 years$22,993$16,278$11,289$7,694$5,172$805
32 years$22,033$15,402$10,532$7,071$4,678$676
33 years$21,132$14,586$9,834$6,502$4,234$568
34 years$20,286$13,825$9,188$5,983$3,833$478
35 years$19,491$13,112$8,591$5,507$3,472$402
36 years$18,741$12,446$8,036$5,072$3,146$338
37 years$18,034$11,820$7,522$4,673$2,851$284
38 years$17,365$11,234$7,044$4,308$2,585$239
39 years$16,732$10,682$6,599$3,972$2,344$201
40 years$16,132$10,163$6,186$3,663$2,126$169
41 years$15,564$9,674$5,800$3,380$1,929$142
42 years$15,023$9,213$5,441$3,119$1,750$119
43 years$14,509$8,779$5,105$2,879$1,588$100
44 years$14,020$8,368$4,792$2,659$1,442$84
45 years$13,554$7,979$4,500$2,455$1,309$71
46 years$13,109$7,612$4,226$2,268$1,188$60
47 years$12,685$7,264$3,971$2,095$1,079$50
48 years$12,280$6,935$3,731$1,936$980$42
49 years$11,892$6,622$3,507$1,789$890$36
50 years$11,521$6,326$3,297$1,654$808$30

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 $6,288 every year, while hoping to spend $21,678 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: 75/18/7 Blend
53$11,800,000$11,800,000$11,800,000$11,800,000
54$13,010,086$12,384,686$12,201,786$13,973,482
55$14,314,050$12,968,470$12,587,481$15,191,932
56$15,750,291$13,580,134$12,985,370$16,523,329
57$17,332,279$14,221,019$13,395,838$17,981,615
58$19,074,858$14,892,535$13,819,284$19,579,354
59$20,994,381$15,596,157$14,256,119$21,330,371
60$23,108,874$16,333,435$14,706,765$23,249,886
61$25,438,197$17,105,990$15,171,659$25,354,652
62$28,004,235$17,915,526$15,651,251$27,663,112
63$30,831,106$18,763,827$16,146,008$30,195,570
64$33,945,388$19,652,762$16,656,408$32,974,378
65$37,376,365$20,584,296$17,182,945$36,024,150
66$41,156,311$21,560,483$17,726,131$39,371,983
67$45,320,790$22,583,482$18,286,491$43,047,716
68$49,908,992$23,655,554$18,864,570$47,084,207
69$54,964,103$24,779,070$19,460,927$51,517,637
70$60,533,714$25,956,516$20,076,140$56,387,852
71$66,670,267$27,190,501$20,710,806$61,738,731
72$73,431,557$28,483,757$21,365,539$67,618,600
73$80,881,266$29,839,152$22,040,976$74,080,683
74$89,089,576$31,259,691$22,737,770$81,183,599
75$98,133,825$32,748,528$23,456,596$88,991,910
76$108,099,235$34,308,966$24,198,153$97,576,730
77$119,079,724$35,944,472$24,963,158$107,016,387
78$131,178,785$37,658,680$25,752,353$117,397,158
79$144,510,468$39,455,402$26,566,503$128,814,081
80$159,200,453$41,338,634$27,406,398$141,371,841
81$175,387,238$43,312,567$28,272,852$155,185,760
82$193,223,449$45,381,595$29,166,705$170,382,870
83$212,877,275$47,550,327$30,088,823$187,103,115
84$234,534,059$49,823,595$31,040,101$205,500,657
85$258,398,049$52,206,468$32,021,461$225,745,332
86$284,694,324$54,704,259$33,033,854$248,024,240
87$313,670,919$57,322,541$34,078,262$272,543,504
88$345,601,167$60,067,160$35,155,697$299,530,211
89$380,786,277$62,944,242$36,267,205$329,234,545
90$419,558,184$65,960,216$37,413,863$361,932,140
91$462,282,674$69,121,822$38,596,782$397,926,672
92$509,362,843$72,436,127$39,817,110$437,552,718
93$561,242,900$75,910,545$41,076,031$481,178,902
94$618,412,361$79,552,847$42,374,764$529,211,365
95$681,410,673$83,371,188$43,714,569$582,097,591
96$750,832,300$87,374,114$45,096,746$640,330,612
97$827,332,342$91,570,593$46,522,634$704,453,659
98$911,632,716$95,970,027$47,993,617$775,065,271
99$1,004,528,970$100,582,276$49,511,120$852,824,936
100$1,106,897,799$105,417,681$51,076,616$938,459,299