Can I retire at age 54 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$982,691$973,938$965,398$957,062$948,923$918,915
2 years$486,481$477,420$468,640$460,126$451,868$421,908
3 years$321,099$311,999$303,241$294,807$286,684$257,711
4 years$238,424$229,353$220,682$212,392$204,465$176,702
5 years$188,832$179,815$171,258$163,137$155,431$128,952
6 years$155,782$146,833$138,402$130,462$122,987$97,814
7 years$132,184$123,310$115,013$107,260$100,022$76,153
8 years$114,493$105,699$97,540$89,978$82,978$60,397
9 years$100,741$92,030$84,011$76,641$69,879$48,561
10 years$89,746$81,120$73,243$66,065$59,541$39,454
11 years$80,756$72,217$64,482$57,497$51,207$32,314
12 years$73,269$64,818$57,226$50,432$44,375$26,636
13 years$66,939$58,576$51,128$44,524$38,696$22,068
14 years$61,518$53,244$45,938$39,524$33,920$18,360
15 years$56,825$48,640$41,476$35,248$29,866$15,325
16 years$52,721$44,626$37,604$31,561$26,396$12,828
17 years$49,105$41,099$34,218$28,357$23,404$10,762
18 years$45,894$37,977$31,237$25,556$20,810$9,046
19 years$43,024$35,197$28,596$23,092$18,548$7,616
20 years$40,444$32,707$26,244$20,914$16,568$6,420
21 years$38,113$30,465$24,139$18,981$14,826$5,417
22 years$35,997$28,438$22,248$17,258$13,290$4,576
23 years$34,068$26,597$20,542$15,717$11,930$3,868
24 years$32,302$24,920$18,998$14,335$10,723$3,272
25 years$30,680$23,386$17,596$13,091$9,649$2,769
26 years$29,185$21,979$16,319$11,970$8,691$2,345
27 years$27,803$20,685$15,154$10,957$7,836$1,986
28 years$26,523$19,491$14,088$10,039$7,070$1,683
29 years$25,332$18,388$13,110$9,206$6,384$1,426
30 years$24,223$17,365$12,211$8,448$5,769$1,209
31 years$23,188$16,416$11,384$7,759$5,215$1,025
32 years$22,219$15,533$10,622$7,131$4,718$870
33 years$21,311$14,710$9,917$6,557$4,270$738
34 years$20,458$13,942$9,266$6,033$3,866$626
35 years$19,656$13,223$8,663$5,554$3,501$531
36 years$18,900$12,551$8,104$5,115$3,172$450
37 years$18,186$11,921$7,586$4,713$2,875$382
38 years$17,512$11,329$7,104$4,344$2,607$324
39 years$16,874$10,773$6,655$4,005$2,364$275
40 years$16,269$10,249$6,238$3,694$2,144$234
41 years$15,695$9,756$5,849$3,409$1,945$198
42 years$15,150$9,292$5,487$3,146$1,765$168
43 years$14,632$8,853$5,149$2,904$1,602$143
44 years$14,139$8,439$4,833$2,681$1,454$121
45 years$13,669$8,047$4,538$2,476$1,320$103
46 years$13,221$7,677$4,262$2,287$1,198$87
47 years$12,793$7,326$4,004$2,113$1,088$74
48 years$12,384$6,994$3,763$1,953$988$63
49 years$11,993$6,678$3,537$1,805$898$53
50 years$11,619$6,379$3,325$1,668$815$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,900,000, adding $5,742 every year, while hoping to spend $54,395 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: 70/14/16 Blend
53$11,900,000$11,900,000$11,900,000$11,900,000
54$13,119,723$12,489,023$12,304,573$13,988,881
55$14,400,059$13,043,109$12,658,900$15,121,832
56$15,809,166$13,622,523$13,023,274$16,354,315
57$17,360,121$14,228,447$13,397,975$17,701,826
58$19,067,334$14,862,121$13,783,288$19,175,709
59$20,946,682$15,524,845$14,179,508$20,788,452
60$23,015,660$16,217,979$14,586,937$22,553,800
61$25,293,545$16,942,947$15,005,887$24,486,884
62$27,801,577$17,701,242$15,436,675$26,604,363
63$30,563,164$18,494,429$15,879,630$28,924,575
64$33,604,097$19,324,146$16,335,087$31,467,712
65$36,952,794$20,192,109$16,803,392$34,256,007
66$40,640,572$21,100,115$17,284,899$37,313,939
67$44,701,940$22,050,050$17,779,972$40,668,465
68$49,174,922$23,043,887$18,288,986$44,349,270
69$54,101,420$24,083,693$18,812,322$48,389,043
70$59,527,606$25,171,635$19,350,377$52,823,786
71$65,504,360$26,309,984$19,903,553$57,693,148
72$72,087,749$27,501,117$20,472,266$63,040,797
73$79,339,555$28,747,527$21,056,942$68,914,828
74$87,327,858$30,051,825$21,658,018$75,368,215
75$96,127,682$31,416,747$22,275,945$82,459,307
76$105,821,699$32,845,160$22,911,181$90,252,374
77$116,501,008$34,340,069$23,564,202$98,818,212
78$128,266,000$35,904,622$24,235,492$108,234,803
79$141,227,301$37,542,117$24,925,550$118,588,052
80$155,506,816$39,256,012$25,634,887$129,972,589
81$171,238,884$41,049,929$26,364,028$142,492,663
82$188,571,539$42,927,664$27,113,512$156,263,113
83$207,667,914$44,893,197$27,883,892$171,410,457
84$228,707,774$46,950,697$28,675,735$188,074,072
85$251,889,218$49,104,532$29,489,623$206,407,509
86$277,430,547$51,359,283$30,326,154$226,579,938
87$305,572,323$53,719,748$31,185,941$248,777,735
88$336,579,642$56,190,958$32,069,612$273,206,238
89$370,744,634$58,778,183$32,977,812$300,091,678
90$408,389,222$61,486,950$33,911,205$329,683,306
91$449,868,160$64,323,048$34,870,468$362,255,743
92$495,572,382$67,292,547$35,856,298$398,111,563
93$545,932,692$70,401,808$36,869,410$437,584,140
94$601,423,828$73,657,499$37,910,537$481,040,790
95$662,568,950$77,066,607$38,980,431$528,886,227
96$729,944,570$80,636,458$40,079,863$581,566,378
97$804,186,002$84,374,730$41,209,624$639,572,582
98$885,993,352$88,289,471$42,370,525$703,446,219
99$976,138,135$92,389,115$43,563,399$773,783,810
100$1,075,470,549$96,682,507$44,789,097$851,242,640