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

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 $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%18.4%
1 years$990,949$982,122$973,510$965,105$956,897$924,417
2 years$490,569$481,432$472,578$463,993$455,665$423,268
3 years$323,797$314,621$305,789$297,285$289,093$257,795
4 years$240,428$231,280$222,536$214,177$206,183$176,225
5 years$190,419$181,326$172,697$164,508$156,737$128,198
6 years$157,091$148,067$139,565$131,559$124,021$96,923
7 years$133,294$124,346$115,979$108,162$100,862$75,201
8 years$115,455$106,588$98,360$90,734$83,675$59,431
9 years$101,588$92,804$84,717$77,285$70,466$47,610
10 years$90,500$81,802$73,858$66,621$60,041$38,535
11 years$81,434$72,823$65,024$57,980$51,637$31,440
12 years$73,885$65,362$57,707$50,856$44,748$25,812
13 years$67,502$59,068$51,557$44,898$39,021$21,299
14 years$62,035$53,692$46,324$39,856$34,205$17,645
15 years$57,302$49,048$41,825$35,544$30,117$14,667
16 years$53,165$45,001$37,920$31,826$26,618$12,224
17 years$49,518$41,444$34,506$28,595$23,601$10,210
18 years$46,279$38,296$31,499$25,770$20,985$8,544
19 years$43,385$35,493$28,836$23,286$18,704$7,160
20 years$40,784$32,981$26,464$21,090$16,707$6,008
21 years$38,434$30,721$24,342$19,140$14,951$5,047
22 years$36,300$28,677$22,435$17,403$13,401$4,243
23 years$34,354$26,821$20,715$15,849$12,030$3,570
24 years$32,574$25,129$19,158$14,455$10,813$3,005
25 years$30,938$23,583$17,744$13,201$9,730$2,531
26 years$29,430$22,164$16,457$12,071$8,764$2,133
27 years$28,037$20,859$15,281$11,049$7,902$1,798
28 years$26,745$19,655$14,206$10,123$7,130$1,516
29 years$25,545$18,542$13,220$9,283$6,438$1,279
30 years$24,427$17,511$12,314$8,519$5,817$1,079
31 years$23,383$16,554$11,480$7,824$5,259$910
32 years$22,406$15,663$10,711$7,191$4,757$768
33 years$21,490$14,834$10,001$6,613$4,305$648
34 years$20,630$14,059$9,344$6,084$3,898$547
35 years$19,821$13,335$8,736$5,601$3,531$462
36 years$19,059$12,656$8,172$5,158$3,199$390
37 years$18,339$12,021$7,649$4,753$2,899$329
38 years$17,659$11,424$7,163$4,381$2,629$278
39 years$17,016$10,863$6,711$4,039$2,384$235
40 years$16,406$10,335$6,290$3,725$2,162$198
41 years$15,827$9,838$5,898$3,437$1,961$167
42 years$15,278$9,370$5,533$3,172$1,780$141
43 years$14,755$8,927$5,192$2,928$1,615$119
44 years$14,258$8,510$4,873$2,704$1,466$101
45 years$13,784$8,115$4,576$2,497$1,331$85
46 years$13,332$7,741$4,298$2,307$1,209$72
47 years$12,900$7,387$4,038$2,131$1,097$61
48 years$12,488$7,052$3,794$1,969$997$51
49 years$12,094$6,735$3,567$1,820$905$43
50 years$11,716$6,433$3,353$1,682$822$37

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 $6,654 every year, while hoping to spend $55,867 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: 66/17/17 Blend
53$12,000,000$12,000,000$12,000,000$12,000,000
54$13,230,864$12,594,864$12,408,864$14,048,731
55$14,520,970$13,152,570$12,765,118$15,154,492
56$15,940,794$13,735,731$13,131,435$16,355,666
57$17,503,509$14,345,536$13,508,093$17,667,341
58$19,223,629$14,983,229$13,895,376$19,100,344
59$21,117,146$15,650,115$14,293,578$20,666,592
60$23,201,682$16,347,557$14,703,000$22,379,197
61$25,496,654$17,076,988$15,123,951$24,252,593
62$28,023,458$17,839,906$15,556,748$26,302,663
63$30,805,670$18,637,880$16,001,718$28,546,892
64$33,869,267$19,472,555$16,459,195$31,004,527
65$37,242,876$20,345,654$16,929,522$33,696,755
66$40,958,040$21,258,982$17,413,051$36,646,903
67$45,049,517$22,214,429$17,910,145$39,880,652
68$49,555,608$23,213,976$18,421,175$43,426,278
69$54,518,518$24,259,699$18,946,523$47,314,914
70$59,984,754$25,353,772$19,486,579$51,580,844
71$66,005,565$26,498,472$20,041,745$56,261,817
72$72,637,423$27,696,188$20,612,434$61,399,406
73$79,942,558$28,949,419$21,199,068$67,039,392
74$87,989,545$30,260,786$21,802,083$73,232,196
75$96,853,949$31,633,035$22,421,923$80,033,344
76$106,619,041$33,069,043$23,059,046$87,503,997
77$117,376,580$34,571,823$23,713,922$95,711,512
78$129,227,685$36,144,536$24,387,031$104,730,082
79$142,283,780$37,790,490$25,078,868$114,641,427
80$156,667,656$39,513,154$25,789,941$125,535,563
81$172,514,621$41,316,163$26,520,768$137,511,642
82$189,973,783$43,203,326$27,271,885$150,678,886
83$209,209,454$45,178,634$28,043,838$165,157,611
84$230,402,701$47,246,269$28,837,189$181,080,356
85$253,753,057$49,410,617$29,652,515$198,593,127
86$279,480,401$51,676,269$30,490,407$217,856,773
87$307,827,037$54,048,041$31,351,470$239,048,489
88$339,059,978$56,530,979$32,236,328$262,363,490
89$373,473,469$59,130,370$33,145,618$288,016,842
90$411,391,761$61,851,756$34,079,995$316,245,481
91$453,172,175$64,700,947$35,040,129$347,310,450
92$499,208,473$67,684,029$36,026,708$381,499,345
93$549,934,574$70,807,383$37,040,440$419,129,028
94$605,828,652$74,077,697$38,082,047$460,548,604
95$667,417,650$77,501,979$39,152,271$506,142,710
96$735,282,252$81,087,578$40,251,874$556,335,134
97$810,062,366$84,842,193$41,381,635$611,592,803
98$892,463,163$88,773,896$42,542,356$672,430,184
99$983,261,736$92,891,147$43,734,855$739,414,126
100$1,083,314,434$97,202,815$44,959,973$813,169,197