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%13.6%
1 years$982,691$973,938$965,398$957,062$948,923$934,742
2 years$486,481$477,420$468,640$460,126$451,868$437,613
3 years$321,099$311,999$303,241$294,807$286,684$272,798
4 years$238,424$229,353$220,682$212,392$204,465$191,056
5 years$188,832$179,815$171,258$163,137$155,431$142,537
6 years$155,782$146,833$138,402$130,462$122,987$110,624
7 years$132,184$123,310$115,013$107,260$100,022$88,192
8 years$114,493$105,699$97,540$89,978$82,978$71,681
9 years$100,741$92,030$84,011$76,641$69,879$59,109
10 years$89,746$81,120$73,243$66,065$59,541$49,289
11 years$80,756$72,217$64,482$57,497$51,207$41,464
12 years$73,269$64,818$57,226$50,432$44,375$35,128
13 years$66,939$58,576$51,128$44,524$38,696$29,932
14 years$61,518$53,244$45,938$39,524$33,920$25,626
15 years$56,825$48,640$41,476$35,248$29,866$22,027
16 years$52,721$44,626$37,604$31,561$26,396$18,996
17 years$49,105$41,099$34,218$28,357$23,404$16,428
18 years$45,894$37,977$31,237$25,556$20,810$14,241
19 years$43,024$35,197$28,596$23,092$18,548$12,370
20 years$40,444$32,707$26,244$20,914$16,568$10,764
21 years$38,113$30,465$24,139$18,981$14,826$9,380
22 years$35,997$28,438$22,248$17,258$13,290$8,185
23 years$34,068$26,597$20,542$15,717$11,930$7,150
24 years$32,302$24,920$18,998$14,335$10,723$6,252
25 years$30,680$23,386$17,596$13,091$9,649$5,471
26 years$29,185$21,979$16,319$11,970$8,691$4,791
27 years$27,803$20,685$15,154$10,957$7,836$4,199
28 years$26,523$19,491$14,088$10,039$7,070$3,682
29 years$25,332$18,388$13,110$9,206$6,384$3,230
30 years$24,223$17,365$12,211$8,448$5,769$2,834
31 years$23,188$16,416$11,384$7,759$5,215$2,488
32 years$22,219$15,533$10,622$7,131$4,718$2,185
33 years$21,311$14,710$9,917$6,557$4,270$1,920
34 years$20,458$13,942$9,266$6,033$3,866$1,687
35 years$19,656$13,223$8,663$5,554$3,501$1,483
36 years$18,900$12,551$8,104$5,115$3,172$1,303
37 years$18,186$11,921$7,586$4,713$2,875$1,146
38 years$17,512$11,329$7,104$4,344$2,607$1,008
39 years$16,874$10,773$6,655$4,005$2,364$886
40 years$16,269$10,249$6,238$3,694$2,144$779
41 years$15,695$9,756$5,849$3,409$1,945$686
42 years$15,150$9,292$5,487$3,146$1,765$603
43 years$14,632$8,853$5,149$2,904$1,602$531
44 years$14,139$8,439$4,833$2,681$1,454$467
45 years$13,669$8,047$4,538$2,476$1,320$411
46 years$13,221$7,677$4,262$2,287$1,198$361
47 years$12,793$7,326$4,004$2,113$1,088$318
48 years$12,384$6,994$3,763$1,953$988$280
49 years$11,993$6,678$3,537$1,805$898$246
50 years$11,619$6,379$3,325$1,668$815$217

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 $3,484 every year, while hoping to spend $38,959 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: 30/41/29 Blend
53$11,900,000$11,900,000$11,900,000$11,900,000
54$13,117,394$12,486,694$12,302,244$13,393,962
55$14,413,916$13,057,090$12,672,917$14,181,731
56$15,841,377$13,654,129$13,054,702$15,024,937
57$17,413,093$14,279,077$13,447,930$15,931,267
58$19,143,735$14,933,258$13,852,941$16,906,246
59$21,049,469$15,618,060$14,270,088$17,955,920
60$23,148,109$16,334,940$14,699,730$19,086,913
61$25,459,286$17,085,422$15,142,241$20,306,482
62$28,004,631$17,871,105$15,598,004$21,622,581
63$30,807,978$18,693,664$16,067,412$23,043,929
64$33,895,593$19,554,855$16,550,871$24,580,085
65$37,296,419$20,456,518$17,048,801$26,241,536
66$41,042,348$21,400,582$17,561,630$28,039,783
67$45,168,526$22,389,069$18,089,803$29,987,447
68$49,713,679$23,424,097$18,633,775$32,098,381
69$54,720,484$24,507,887$19,194,016$34,387,789
70$60,235,967$25,642,767$19,771,009$36,872,364
71$66,311,951$26,831,177$20,365,253$39,570,436
72$73,005,539$28,075,675$20,977,259$42,502,140
73$80,379,662$29,378,941$21,607,555$45,689,589
74$88,503,663$30,743,785$22,256,683$49,157,081
75$97,453,959$32,173,152$22,925,204$52,931,313
76$107,314,757$33,670,130$23,613,692$57,041,625
77$118,178,851$35,237,956$24,322,741$61,520,265
78$130,148,500$36,880,022$25,052,959$66,402,680
79$143,336,389$38,599,885$25,804,974$71,727,843
80$157,866,693$40,401,272$26,579,434$77,538,604
81$173,876,254$42,288,092$27,377,002$83,882,081
82$191,515,865$44,264,442$28,198,365$90,810,096
83$210,951,699$46,334,616$29,044,227$98,379,644
84$232,366,877$48,503,117$29,915,313$106,653,418
85$255,963,194$50,774,664$30,812,371$115,700,386
86$281,963,024$53,154,207$31,736,170$125,596,424
87$310,611,421$55,646,932$32,687,500$136,425,014
88$342,178,433$58,258,278$33,667,178$148,278,019
89$376,961,646$60,993,947$34,676,041$161,256,524
90$415,288,998$63,859,915$35,714,954$175,471,775
91$457,521,875$66,862,449$36,784,803$191,046,207
92$504,058,517$70,008,120$37,886,505$208,114,580
93$555,337,782$73,303,815$39,021,000$226,825,224
94$611,843,290$76,756,756$40,189,257$247,341,421
95$674,107,983$80,374,514$41,392,274$269,842,917
96$742,719,160$84,165,028$42,631,078$294,527,595
97$818,324,019$88,136,620$43,906,724$321,613,315
98$901,635,771$92,298,016$45,220,302$351,339,944
99$993,440,367$96,658,366$46,572,929$383,971,588
100$1,094,603,921$101,227,262$47,965,758$419,799,056