Can I retire at age 54 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$999,207$990,306$981,623$973,147$964,871$939,640
2 years$494,657$485,444$476,516$467,859$459,462$434,214
3 years$326,495$317,243$308,337$299,762$291,502$267,027
4 years$242,431$233,207$224,391$215,962$207,902$184,388
5 years$192,006$182,837$174,136$165,879$158,043$135,556
6 years$158,400$149,300$140,728$132,655$125,054$103,615
7 years$134,405$125,382$116,946$109,063$101,703$81,313
8 years$116,417$107,476$99,179$91,490$84,372$65,023
9 years$102,434$93,577$85,423$77,929$71,054$52,727
10 years$91,254$82,484$74,474$67,176$60,541$43,215
11 years$82,113$73,430$65,565$58,463$52,067$35,715
12 years$74,500$65,907$58,188$51,280$45,121$29,713
13 years$68,064$59,561$51,987$45,273$39,346$24,851
14 years$62,552$54,139$46,710$40,188$34,490$20,876
15 years$57,780$49,457$42,173$35,841$30,368$17,598
16 years$53,608$45,376$38,236$32,091$26,839$14,880
17 years$49,930$41,789$34,793$28,834$23,798$12,612
18 years$46,665$38,615$31,762$25,985$21,160$10,711
19 years$43,747$35,788$29,077$23,480$18,860$9,113
20 years$41,124$33,256$26,685$21,265$16,846$7,764
21 years$38,754$30,977$24,545$19,300$15,076$6,623
22 years$36,602$28,916$22,622$17,548$13,513$5,656
23 years$34,641$27,044$20,887$15,981$12,130$4,834
24 years$32,845$25,339$19,317$14,576$10,903$4,135
25 years$31,196$23,779$17,892$13,311$9,811$3,539
26 years$29,676$22,349$16,594$12,171$8,837$3,030
27 years$28,271$21,033$15,409$11,141$7,968$2,596
28 years$26,968$19,819$14,324$10,207$7,189$2,225
29 years$25,758$18,697$13,330$9,360$6,492$1,908
30 years$24,630$17,657$12,416$8,590$5,866$1,636
31 years$23,578$16,692$11,576$7,890$5,303$1,403
32 years$22,593$15,794$10,800$7,251$4,797$1,204
33 years$21,669$14,957$10,084$6,668$4,341$1,033
34 years$20,802$14,176$9,422$6,135$3,931$887
35 years$19,986$13,446$8,809$5,647$3,560$761
36 years$19,218$12,762$8,241$5,201$3,226$654
37 years$18,492$12,121$7,713$4,792$2,924$561
38 years$17,806$11,519$7,223$4,417$2,650$482
39 years$17,158$10,954$6,767$4,073$2,403$414
40 years$16,543$10,421$6,343$3,757$2,180$355
41 years$15,959$9,920$5,948$3,466$1,978$305
42 years$15,405$9,448$5,579$3,199$1,795$262
43 years$14,878$9,002$5,235$2,953$1,629$225
44 years$14,377$8,581$4,914$2,726$1,478$193
45 years$13,899$8,182$4,614$2,518$1,342$166
46 years$13,443$7,806$4,334$2,326$1,219$143
47 years$13,008$7,449$4,071$2,149$1,107$123
48 years$12,592$7,111$3,826$1,985$1,005$105
49 years$12,194$6,791$3,596$1,835$913$90
50 years$11,814$6,487$3,381$1,696$829$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,100,000, adding $2,294 every year, while hoping to spend $24,233 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: 65/10/25 Blend
53$12,100,000$12,100,000$12,100,000$12,100,000
54$13,336,566$12,695,266$12,507,716$14,116,209
55$14,671,112$13,291,551$12,900,941$15,238,534
56$16,140,970$13,916,241$13,306,527$16,461,781
57$17,759,915$14,570,703$13,724,862$17,798,238
58$19,543,129$15,256,369$14,156,347$19,259,034
59$21,507,338$15,974,742$14,601,395$20,856,415
60$23,670,978$16,727,396$15,060,433$22,603,861
61$26,054,361$17,515,981$15,533,900$24,516,208
62$28,679,870$18,342,229$16,022,251$26,609,789
63$31,572,173$19,207,954$16,525,952$28,902,584
64$34,758,449$20,115,058$17,045,486$31,414,386
65$38,268,651$21,065,537$17,581,350$34,166,989
66$42,135,787$22,061,481$18,134,059$37,184,387
67$46,396,229$23,105,085$18,704,141$40,493,001
68$51,090,056$24,198,647$19,292,142$44,121,923
69$56,261,439$25,344,577$19,898,626$48,103,190
70$61,959,049$26,545,405$20,524,173$52,472,080
71$68,236,522$27,803,780$21,169,383$57,267,447
72$75,152,964$29,122,481$21,834,873$62,532,078
73$82,773,506$30,504,422$22,521,281$68,313,098
74$91,169,924$31,952,660$23,229,265$74,662,411
75$100,421,313$33,470,396$23,959,502$81,637,182
76$110,614,833$35,060,992$24,712,691$89,300,380
77$121,846,534$36,727,969$25,489,555$97,721,359
78$134,222,262$38,475,021$26,290,836$106,976,518
79$147,858,657$40,306,021$27,117,304$117,150,010
80$162,884,255$42,225,031$27,969,748$128,334,536
81$179,440,699$44,236,308$28,848,985$140,632,214
82$197,684,083$46,344,319$29,755,858$154,155,537
83$217,786,414$48,553,746$30,691,234$169,028,434
84$239,937,248$50,869,499$31,656,010$185,387,427
85$264,345,471$53,296,728$32,651,110$203,382,921
86$291,241,273$55,840,832$33,677,486$223,180,614
87$320,878,323$58,507,472$34,736,122$244,963,057
88$353,536,160$61,302,587$35,828,031$268,931,370
89$389,522,837$64,232,402$36,954,258$295,307,133
90$429,177,824$67,303,447$38,115,883$324,334,473
91$472,875,214$70,522,568$39,314,017$356,282,359
92$521,027,257$73,896,946$40,549,808$391,447,135
93$574,088,251$77,434,109$41,824,440$430,155,309
94$632,558,826$81,141,954$43,139,133$472,766,629
95$696,990,678$85,028,761$44,495,145$519,677,466
96$767,991,770$89,103,214$45,893,775$571,324,554
97$846,232,077$93,374,417$47,336,363$628,189,094
98$932,449,907$97,851,923$48,824,290$690,801,297
99$1,027,458,874$102,545,743$50,358,980$759,745,373
100$1,132,155,577$107,466,382$51,941,904$835,665,037