Can I retire at age 54 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$990,949$982,122$973,510$965,105$956,897$938,729
2 years$490,569$481,432$472,578$463,993$455,665$437,432
3 years$323,797$314,621$305,789$297,285$289,093$271,362
4 years$240,428$231,280$222,536$214,177$206,183$189,093
5 years$190,419$181,326$172,697$164,508$156,737$140,335
6 years$157,091$148,067$139,565$131,559$124,021$108,326
7 years$133,294$124,346$115,979$108,162$100,862$85,878
8 years$115,455$106,588$98,360$90,734$83,675$69,397
9 years$101,588$92,804$84,717$77,285$70,466$56,886
10 years$90,500$81,802$73,858$66,621$60,041$47,146
11 years$81,434$72,823$65,024$57,980$51,637$39,412
12 years$73,885$65,362$57,707$50,856$44,748$33,176
13 years$67,502$59,068$51,557$44,898$39,021$28,083
14 years$62,035$53,692$46,324$39,856$34,205$23,882
15 years$57,302$49,048$41,825$35,544$30,117$20,387
16 years$53,165$45,001$37,920$31,826$26,618$17,459
17 years$49,518$41,444$34,506$28,595$23,601$14,991
18 years$46,279$38,296$31,499$25,770$20,985$12,902
19 years$43,385$35,493$28,836$23,286$18,704$11,124
20 years$40,784$32,981$26,464$21,090$16,707$9,608
21 years$38,434$30,721$24,342$19,140$14,951$8,310
22 years$36,300$28,677$22,435$17,403$13,401$7,195
23 years$34,354$26,821$20,715$15,849$12,030$6,237
24 years$32,574$25,129$19,158$14,455$10,813$5,411
25 years$30,938$23,583$17,744$13,201$9,730$4,698
26 years$29,430$22,164$16,457$12,071$8,764$4,082
27 years$28,037$20,859$15,281$11,049$7,902$3,548
28 years$26,745$19,655$14,206$10,123$7,130$3,086
29 years$25,545$18,542$13,220$9,283$6,438$2,685
30 years$24,427$17,511$12,314$8,519$5,817$2,337
31 years$23,383$16,554$11,480$7,824$5,259$2,035
32 years$22,406$15,663$10,711$7,191$4,757$1,772
33 years$21,490$14,834$10,001$6,613$4,305$1,544
34 years$20,630$14,059$9,344$6,084$3,898$1,345
35 years$19,821$13,335$8,736$5,601$3,531$1,173
36 years$19,059$12,656$8,172$5,158$3,199$1,022
37 years$18,339$12,021$7,649$4,753$2,899$891
38 years$17,659$11,424$7,163$4,381$2,629$777
39 years$17,016$10,863$6,711$4,039$2,384$677
40 years$16,406$10,335$6,290$3,725$2,162$591
41 years$15,827$9,838$5,898$3,437$1,961$515
42 years$15,278$9,370$5,533$3,172$1,780$449
43 years$14,755$8,927$5,192$2,928$1,615$392
44 years$14,258$8,510$4,873$2,704$1,466$342
45 years$13,784$8,115$4,576$2,497$1,331$298
46 years$13,332$7,741$4,298$2,307$1,209$260
47 years$12,900$7,387$4,038$2,131$1,097$227
48 years$12,488$7,052$3,794$1,969$997$198
49 years$12,094$6,735$3,567$1,820$905$173
50 years$11,716$6,433$3,353$1,682$822$151

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,000,000, adding $3,440 every year, while hoping to spend $27,394 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: 54/17/29 Blend
53$12,000,000$12,000,000$12,000,000$12,000,000
54$13,227,548$12,591,548$12,405,548$13,834,770
55$14,547,611$13,179,387$12,791,987$14,843,354
56$16,001,403$13,795,112$13,190,454$15,937,772
57$17,602,533$14,440,060$13,601,322$17,128,799
58$19,366,003$15,115,634$14,024,977$18,425,727
59$21,308,338$15,823,304$14,461,817$19,838,772
60$23,447,753$16,564,609$14,912,252$21,379,170
61$25,804,315$17,341,167$15,376,704$23,059,278
62$28,400,141$18,154,670$15,855,609$24,892,690
63$31,259,601$19,006,894$16,349,417$26,894,360
64$34,409,548$19,899,700$16,858,591$29,080,738
65$37,879,577$20,835,040$17,383,609$31,469,926
66$41,702,296$21,814,960$17,924,962$34,081,842
67$45,913,642$22,841,604$18,483,160$36,938,406
68$50,553,212$23,917,222$19,058,725$40,063,739
69$55,664,645$25,044,171$19,652,197$43,484,393
70$61,296,027$26,224,923$20,264,133$47,229,589
71$67,500,347$27,462,070$20,895,108$51,331,496
72$74,336,001$28,758,329$21,545,711$55,825,524
73$81,867,335$30,116,549$22,216,555$60,750,657
74$90,165,261$31,539,718$22,908,267$66,149,815
75$99,307,920$33,030,967$23,621,497$72,070,249
76$109,381,423$34,593,579$24,356,912$78,563,990
77$120,480,663$36,230,999$25,115,203$85,688,327
78$132,710,208$37,946,836$25,897,080$93,506,343
79$146,185,294$39,744,875$26,703,277$102,087,507
80$161,032,905$41,629,086$27,534,548$111,508,321
81$177,392,979$43,603,629$28,391,673$121,853,033
82$195,419,725$45,672,868$29,275,456$133,214,430
83$215,283,077$47,841,379$30,186,724$145,694,700
84$237,170,303$50,113,959$31,126,332$159,406,394
85$261,287,770$52,495,639$32,095,160$174,473,478
86$287,862,890$54,991,692$33,094,115$191,032,494
87$317,146,271$57,607,651$34,124,134$209,233,840
88$349,414,079$60,349,316$35,186,182$229,243,181
89$384,970,650$63,222,766$36,281,253$251,243,004
90$424,151,355$66,234,381$37,410,374$275,434,326
91$467,325,773$69,390,846$38,574,601$302,038,587
92$514,901,178$72,699,173$39,775,027$331,299,723
93$567,326,382$76,166,716$41,012,774$363,486,464
94$625,095,973$79,801,186$42,289,002$398,894,850
95$688,754,985$83,610,666$43,604,906$437,851,020
96$758,904,041$87,603,637$44,961,718$480,714,276
97$836,205,027$91,788,989$46,360,710$527,880,459
98$921,387,336$96,176,045$47,803,189$579,785,671
99$1,015,254,756$100,774,583$49,290,508$636,910,379
100$1,118,693,060$105,594,856$50,824,058$699,783,935