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%13.3%
1 years$982,691$973,938$965,398$957,062$948,923$935,902
2 years$486,481$477,420$468,640$460,126$451,868$438,772
3 years$321,099$311,999$303,241$294,807$286,684$273,921
4 years$238,424$229,353$220,682$212,392$204,465$192,133
5 years$188,832$179,815$171,258$163,137$155,431$143,566
6 years$155,782$146,833$138,402$130,462$122,987$111,603
7 years$132,184$123,310$115,013$107,260$100,022$89,122
8 years$114,493$105,699$97,540$89,978$82,978$72,562
9 years$100,741$92,030$84,011$76,641$69,879$59,942
10 years$89,746$81,120$73,243$66,065$59,541$50,075
11 years$80,756$72,217$64,482$57,497$51,207$42,204
12 years$73,269$64,818$57,226$50,432$44,375$35,824
13 years$66,939$58,576$51,128$44,524$38,696$30,585
14 years$61,518$53,244$45,938$39,524$33,920$26,238
15 years$56,825$48,640$41,476$35,248$29,866$22,599
16 years$52,721$44,626$37,604$31,561$26,396$19,530
17 years$49,105$41,099$34,218$28,357$23,404$16,926
18 years$45,894$37,977$31,237$25,556$20,810$14,704
19 years$43,024$35,197$28,596$23,092$18,548$12,800
20 years$40,444$32,707$26,244$20,914$16,568$11,163
21 years$38,113$30,465$24,139$18,981$14,826$9,750
22 years$35,997$28,438$22,248$17,258$13,290$8,527
23 years$34,068$26,597$20,542$15,717$11,930$7,466
24 years$32,302$24,920$18,998$14,335$10,723$6,544
25 years$30,680$23,386$17,596$13,091$9,649$5,740
26 years$29,185$21,979$16,319$11,970$8,691$5,039
27 years$27,803$20,685$15,154$10,957$7,836$4,426
28 years$26,523$19,491$14,088$10,039$7,070$3,891
29 years$25,332$18,388$13,110$9,206$6,384$3,421
30 years$24,223$17,365$12,211$8,448$5,769$3,010
31 years$23,188$16,416$11,384$7,759$5,215$2,649
32 years$22,219$15,533$10,622$7,131$4,718$2,332
33 years$21,311$14,710$9,917$6,557$4,270$2,054
34 years$20,458$13,942$9,266$6,033$3,866$1,809
35 years$19,656$13,223$8,663$5,554$3,501$1,594
36 years$18,900$12,551$8,104$5,115$3,172$1,405
37 years$18,186$11,921$7,586$4,713$2,875$1,238
38 years$17,512$11,329$7,104$4,344$2,607$1,092
39 years$16,874$10,773$6,655$4,005$2,364$963
40 years$16,269$10,249$6,238$3,694$2,144$849
41 years$15,695$9,756$5,849$3,409$1,945$749
42 years$15,150$9,292$5,487$3,146$1,765$660
43 years$14,632$8,853$5,149$2,904$1,602$582
44 years$14,139$8,439$4,833$2,681$1,454$514
45 years$13,669$8,047$4,538$2,476$1,320$453
46 years$13,221$7,677$4,262$2,287$1,198$400
47 years$12,793$7,326$4,004$2,113$1,088$353
48 years$12,384$6,994$3,763$1,953$988$311
49 years$11,993$6,678$3,537$1,805$898$275
50 years$11,619$6,379$3,325$1,668$815$242

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 $3,424 every year, while hoping to spend $41,723 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: 39/44/17 Blend
53$11,900,000$11,900,000$11,900,000$11,900,000
54$13,117,332$12,486,632$12,302,182$13,562,092
55$14,410,907$13,054,084$12,669,912$14,447,779
56$15,835,028$13,647,943$13,048,563$15,400,560
57$17,402,967$14,269,458$13,438,456$16,429,894
58$19,129,348$14,919,940$13,839,922$17,542,730
59$21,030,285$15,600,761$14,253,304$18,746,686
60$23,123,535$16,313,358$14,678,950$20,050,120
61$25,428,663$17,059,241$15,117,222$21,462,199
62$27,967,230$17,839,987$15,568,492$22,992,984
63$30,762,993$18,657,252$16,033,143$24,653,517
64$33,842,132$19,512,771$16,511,567$26,455,920
65$37,233,495$20,408,362$17,004,169$28,413,500
66$40,968,869$21,345,930$17,511,367$30,540,873
67$45,083,285$22,327,471$18,033,589$32,854,091
68$49,615,343$23,355,080$18,571,277$35,370,787
69$54,607,577$24,430,948$19,124,884$38,110,334
70$60,106,861$25,557,376$19,694,879$41,094,019
71$66,164,845$26,736,771$20,281,741$44,345,240
72$72,838,447$27,971,661$20,885,967$47,889,709
73$80,190,386$29,264,690$21,508,065$51,755,695
74$88,289,780$30,618,634$22,148,559$55,974,274
75$97,212,791$32,036,401$22,807,990$60,579,618
76$107,043,349$33,521,038$23,486,911$65,609,301
77$117,873,942$35,075,740$24,185,893$71,104,649
78$129,806,488$36,703,855$24,905,525$77,111,113
79$142,953,301$38,408,895$25,646,411$83,678,690
80$157,438,145$40,194,538$26,409,173$90,862,378
81$173,397,407$42,064,641$27,194,451$98,722,688
82$190,981,381$44,023,248$28,002,904$107,326,193
83$210,355,690$46,074,595$28,835,209$116,746,152
84$231,702,846$48,223,126$29,692,065$127,063,177
85$255,223,974$50,473,497$30,574,187$138,365,984
86$281,140,712$52,830,591$31,482,315$150,752,211
87$309,697,300$55,299,525$32,417,207$164,329,324
88$341,162,887$57,885,664$33,379,646$179,215,611
89$375,834,073$60,594,633$34,370,436$195,541,282
90$414,037,705$63,432,327$35,390,402$213,449,678
91$456,133,968$66,404,928$36,440,398$233,098,599
92$502,519,778$69,518,915$37,521,297$254,661,780
93$553,632,536$72,781,082$38,634,000$278,330,499
94$609,954,251$76,198,551$39,779,436$304,315,364
95$672,016,093$79,778,789$40,958,556$332,848,277
96$740,403,408$83,529,624$42,172,341$364,184,593
97$815,761,243$87,459,262$43,421,801$398,605,505
98$898,800,432$91,576,308$44,707,974$436,420,670
99$990,304,312$95,889,783$46,031,927$477,971,103
100$1,091,136,114$100,409,144$47,394,759$523,632,361