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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.8%
1 years$982,691$973,938$965,398$957,062$948,923$926,359
2 years$486,481$477,420$468,640$460,126$451,868$429,267
3 years$321,099$311,999$303,241$294,807$286,684$264,752
4 years$238,424$229,353$220,682$212,392$204,465$183,372
5 years$188,832$179,815$171,258$163,137$155,431$135,235
6 years$155,782$146,833$138,402$130,462$122,987$103,709
7 years$132,184$123,310$115,013$107,260$100,022$81,664
8 years$114,493$105,699$97,540$89,978$82,978$65,533
9 years$100,741$92,030$84,011$76,641$69,879$53,333
10 years$89,746$81,120$73,243$66,065$59,541$43,875
11 years$80,756$72,217$64,482$57,497$51,207$36,400
12 years$73,269$64,818$57,226$50,432$44,375$30,402
13 years$66,939$58,576$51,128$44,524$38,696$25,530
14 years$61,518$53,244$45,938$39,524$33,920$21,534
15 years$56,825$48,640$41,476$35,248$29,866$18,230
16 years$52,721$44,626$37,604$31,561$26,396$15,480
17 years$49,105$41,099$34,218$28,357$23,404$13,177
18 years$45,894$37,977$31,237$25,556$20,810$11,241
19 years$43,024$35,197$28,596$23,092$18,548$9,607
20 years$40,444$32,707$26,244$20,914$16,568$8,222
21 years$38,113$30,465$24,139$18,981$14,826$7,047
22 years$35,997$28,438$22,248$17,258$13,290$6,045
23 years$34,068$26,597$20,542$15,717$11,930$5,191
24 years$32,302$24,920$18,998$14,335$10,723$4,461
25 years$30,680$23,386$17,596$13,091$9,649$3,837
26 years$29,185$21,979$16,319$11,970$8,691$3,301
27 years$27,803$20,685$15,154$10,957$7,836$2,842
28 years$26,523$19,491$14,088$10,039$7,070$2,448
29 years$25,332$18,388$13,110$9,206$6,384$2,109
30 years$24,223$17,365$12,211$8,448$5,769$1,818
31 years$23,188$16,416$11,384$7,759$5,215$1,567
32 years$22,219$15,533$10,622$7,131$4,718$1,351
33 years$21,311$14,710$9,917$6,557$4,270$1,165
34 years$20,458$13,942$9,266$6,033$3,866$1,005
35 years$19,656$13,223$8,663$5,554$3,501$867
36 years$18,900$12,551$8,104$5,115$3,172$748
37 years$18,186$11,921$7,586$4,713$2,875$646
38 years$17,512$11,329$7,104$4,344$2,607$557
39 years$16,874$10,773$6,655$4,005$2,364$481
40 years$16,269$10,249$6,238$3,694$2,144$415
41 years$15,695$9,756$5,849$3,409$1,945$358
42 years$15,150$9,292$5,487$3,146$1,765$309
43 years$14,632$8,853$5,149$2,904$1,602$267
44 years$14,139$8,439$4,833$2,681$1,454$231
45 years$13,669$8,047$4,538$2,476$1,320$199
46 years$13,221$7,677$4,262$2,287$1,198$172
47 years$12,793$7,326$4,004$2,113$1,088$148
48 years$12,384$6,994$3,763$1,953$988$128
49 years$11,993$6,678$3,537$1,805$898$111
50 years$11,619$6,379$3,325$1,668$815$96

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 $5,825 every year, while hoping to spend $38,984 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: 40/34/26 Blend
53$11,900,000$11,900,000$11,900,000$11,900,000
54$13,119,808$12,489,108$12,304,658$13,543,564
55$14,416,550$13,059,596$12,675,386$14,421,399
56$15,844,253$13,656,731$13,057,226$15,366,395
57$17,416,234$14,281,778$13,450,510$16,388,022
58$19,147,167$14,936,062$13,855,579$17,493,312
59$21,053,221$15,620,972$14,272,784$18,689,982
60$23,152,213$16,337,963$14,702,486$19,986,503
61$25,463,776$17,088,561$15,145,057$21,392,173
62$28,009,546$17,874,365$15,600,881$22,917,201
63$30,813,360$18,697,049$16,070,351$24,572,800
64$33,901,489$19,558,371$16,553,874$26,371,285
65$37,302,880$20,460,170$17,051,868$28,326,184
66$41,049,431$21,404,376$17,564,762$30,452,362
67$45,176,293$22,393,010$18,093,001$32,766,153
68$49,722,198$23,428,191$18,637,041$35,285,510
69$54,729,831$24,512,141$19,197,350$38,030,167
70$60,246,225$25,647,187$19,774,413$41,021,815
71$66,323,211$26,835,770$20,368,727$44,284,306
72$73,017,903$28,080,448$20,980,804$47,843,866
73$80,393,241$29,383,901$21,611,172$51,729,337
74$88,518,579$30,748,940$22,260,374$55,972,439
75$97,470,346$32,178,511$22,928,969$60,608,063
76$107,332,765$33,675,701$23,617,532$65,674,589
77$118,198,644$35,243,747$24,326,656$71,214,243
78$130,170,257$36,886,042$25,056,951$77,273,480
79$143,360,309$38,606,144$25,809,045$83,903,417
80$157,892,995$40,407,780$26,583,583$91,160,305
81$173,905,179$42,294,859$27,381,231$99,106,045
82$191,547,679$44,271,479$28,202,674$107,808,764
83$210,986,695$46,341,935$29,048,616$117,343,444
84$232,405,377$48,510,729$29,919,784$127,792,619
85$256,005,553$50,782,582$30,816,925$139,247,139
86$282,009,635$53,162,443$31,740,806$151,807,014
87$310,662,715$55,655,500$32,692,221$165,582,347
88$342,234,884$58,267,192$33,671,983$180,694,350
89$377,023,779$61,003,221$34,680,930$197,276,482
90$415,357,390$63,869,565$35,719,928$215,475,685
91$457,597,161$66,872,491$36,789,862$235,453,758
92$504,141,398$70,018,570$37,891,650$257,388,863
93$555,429,032$73,314,690$39,026,231$281,477,192
94$611,943,757$76,768,075$40,194,574$307,934,794
95$674,218,606$80,386,296$41,397,677$336,999,597
96$742,840,971$84,177,292$42,636,567$368,933,634
97$818,458,158$88,149,387$43,912,300$404,025,487
98$901,783,491$92,311,308$45,225,963$442,592,998
99$993,603,050$96,672,205$46,578,676$484,986,232
100$1,094,783,090$101,241,672$47,971,590$531,590,768