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%15.3%
1 years$999,207$990,306$981,623$973,147$964,871$943,847
2 years$494,657$485,444$476,516$467,859$459,462$438,387
3 years$326,495$317,243$308,337$299,762$291,502$271,033
4 years$242,431$233,207$224,391$215,962$207,902$188,197
5 years$192,006$182,837$174,136$165,879$158,043$139,158
6 years$158,400$149,300$140,728$132,655$125,054$107,009
7 years$134,405$125,382$116,946$109,063$101,703$84,500
8 years$116,417$107,476$99,179$91,490$84,372$68,007
9 years$102,434$93,577$85,423$77,929$71,054$55,513
10 years$91,254$82,484$74,474$67,176$60,541$45,810
11 years$82,113$73,430$65,565$58,463$52,067$38,126
12 years$74,500$65,907$58,188$51,280$45,121$31,948
13 years$68,064$59,561$51,987$45,273$39,346$26,918
14 years$62,552$54,139$46,710$40,188$34,490$22,783
15 years$57,780$49,457$42,173$35,841$30,368$19,354
16 years$53,608$45,376$38,236$32,091$26,839$16,493
17 years$49,930$41,789$34,793$28,834$23,798$14,091
18 years$46,665$38,615$31,762$25,985$21,160$12,065
19 years$43,747$35,788$29,077$23,480$18,860$10,349
20 years$41,124$33,256$26,685$21,265$16,846$8,891
21 years$38,754$30,977$24,545$19,300$15,076$7,649
22 years$36,602$28,916$22,622$17,548$13,513$6,588
23 years$34,641$27,044$20,887$15,981$12,130$5,679
24 years$32,845$25,339$19,317$14,576$10,903$4,900
25 years$31,196$23,779$17,892$13,311$9,811$4,231
26 years$29,676$22,349$16,594$12,171$8,837$3,655
27 years$28,271$21,033$15,409$11,141$7,968$3,159
28 years$26,968$19,819$14,324$10,207$7,189$2,732
29 years$25,758$18,697$13,330$9,360$6,492$2,364
30 years$24,630$17,657$12,416$8,590$5,866$2,046
31 years$23,578$16,692$11,576$7,890$5,303$1,771
32 years$22,593$15,794$10,800$7,251$4,797$1,533
33 years$21,669$14,957$10,084$6,668$4,341$1,328
34 years$20,802$14,176$9,422$6,135$3,931$1,150
35 years$19,986$13,446$8,809$5,647$3,560$997
36 years$19,218$12,762$8,241$5,201$3,226$864
37 years$18,492$12,121$7,713$4,792$2,924$748
38 years$17,806$11,519$7,223$4,417$2,650$649
39 years$17,158$10,954$6,767$4,073$2,403$562
40 years$16,543$10,421$6,343$3,757$2,180$487
41 years$15,959$9,920$5,948$3,466$1,978$423
42 years$15,405$9,448$5,579$3,199$1,795$366
43 years$14,878$9,002$5,235$2,953$1,629$318
44 years$14,377$8,581$4,914$2,726$1,478$275
45 years$13,899$8,182$4,614$2,518$1,342$239
46 years$13,443$7,806$4,334$2,326$1,219$207
47 years$13,008$7,449$4,071$2,149$1,107$180
48 years$12,592$7,111$3,826$1,985$1,005$156
49 years$12,194$6,791$3,596$1,835$913$135
50 years$11,814$6,487$3,381$1,696$829$117

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 $3,647 every year, while hoping to spend $22,261 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: 32/50/18 Blend
53$12,100,000$12,100,000$12,100,000$12,100,000
54$13,337,962$12,696,662$12,509,112$13,689,730
55$14,674,748$13,295,113$12,904,482$14,550,307
56$16,147,141$13,922,142$13,312,350$15,474,331
57$17,768,948$14,579,125$13,733,113$16,469,156
58$19,555,386$15,267,507$14,167,177$17,540,981
59$21,523,221$15,988,801$14,614,963$18,696,591
60$23,690,932$16,744,594$15,076,906$19,943,414
61$26,078,877$17,536,550$15,553,453$21,289,586
62$28,709,494$18,366,412$16,045,065$22,744,021
63$31,607,507$19,236,011$16,552,219$24,316,486
64$34,800,161$20,147,264$17,075,407$26,017,684
65$38,317,479$21,102,181$17,615,135$27,859,354
66$42,192,547$22,102,873$18,171,926$29,854,364
67$46,461,821$23,151,549$18,746,321$32,016,833
68$51,165,480$24,250,528$19,338,876$34,362,247
69$56,347,795$25,402,239$19,950,164$36,907,600
70$62,057,554$26,609,234$20,580,779$39,671,544
71$68,348,521$27,874,182$21,231,331$42,674,553
72$75,279,941$29,199,888$21,902,452$45,939,108
73$82,917,102$30,589,289$22,594,791$49,489,893
74$91,331,949$32,045,467$23,309,019$53,354,020
75$100,603,766$33,571,653$24,045,829$57,561,272
76$110,819,921$35,171,235$24,805,935$62,144,367
77$122,076,692$36,847,765$25,590,073$67,139,259
78$134,480,179$38,604,969$26,399,004$72,585,457
79$148,147,298$40,446,753$27,233,512$78,526,385
80$163,206,892$42,377,214$28,094,405$85,009,778
81$179,800,946$44,400,648$28,982,518$92,088,114
82$198,085,921$46,521,559$29,898,711$99,819,091
83$218,234,241$48,744,671$30,843,873$108,266,154
84$240,435,911$51,074,938$31,818,921$117,499,076
85$264,900,317$53,517,553$32,824,798$127,594,595
86$291,858,201$56,077,965$33,862,481$138,637,119
87$321,563,838$58,761,885$34,932,974$150,719,498
88$354,297,437$61,575,305$36,037,316$163,943,881
89$390,367,787$64,524,506$37,176,577$178,422,653
90$430,115,171$67,616,077$38,351,862$194,279,473
91$473,914,578$70,856,925$39,564,310$211,650,413
92$522,179,247$74,254,296$40,815,096$230,685,214
93$575,364,562$77,815,788$42,105,434$251,548,676
94$633,972,354$81,549,369$43,436,572$274,422,176
95$698,555,640$85,463,394$44,809,804$299,505,352
96$769,723,842$89,566,626$46,226,458$327,017,955
97$848,148,539$93,868,256$47,687,910$357,201,887
98$934,569,810$98,377,921$49,195,575$390,323,448
99$1,029,803,220$103,105,729$50,750,917$426,675,812
100$1,134,747,518$108,062,279$52,355,441$466,581,754