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%14.5%
1 years$999,207$990,306$981,623$973,147$964,871$946,939
2 years$494,657$485,444$476,516$467,859$459,462$441,464
3 years$326,495$317,243$308,337$299,762$291,502$273,997
4 years$242,431$233,207$224,391$215,962$207,902$191,025
5 years$192,006$182,837$174,136$165,879$158,043$141,844
6 years$158,400$149,300$140,728$132,655$125,054$109,549
7 years$134,405$125,382$116,946$109,063$101,703$86,897
8 years$116,417$107,476$99,179$91,490$84,372$70,261
9 years$102,434$93,577$85,423$77,929$71,054$57,629
10 years$91,254$82,484$74,474$67,176$60,541$47,791
11 years$82,113$73,430$65,565$58,463$52,067$39,977
12 years$74,500$65,907$58,188$51,280$45,121$33,673
13 years$68,064$59,561$51,987$45,273$39,346$28,523
14 years$62,552$54,139$46,710$40,188$34,490$24,272
15 years$57,780$49,457$42,173$35,841$30,368$20,734
16 years$53,608$45,376$38,236$32,091$26,839$17,769
17 years$49,930$41,789$34,793$28,834$23,798$15,268
18 years$46,665$38,615$31,762$25,985$21,160$13,150
19 years$43,747$35,788$29,077$23,480$18,860$11,347
20 years$41,124$33,256$26,685$21,265$16,846$9,807
21 years$38,754$30,977$24,545$19,300$15,076$8,488
22 years$36,602$28,916$22,622$17,548$13,513$7,356
23 years$34,641$27,044$20,887$15,981$12,130$6,381
24 years$32,845$25,339$19,317$14,576$10,903$5,540
25 years$31,196$23,779$17,892$13,311$9,811$4,814
26 years$29,676$22,349$16,594$12,171$8,837$4,186
27 years$28,271$21,033$15,409$11,141$7,968$3,642
28 years$26,968$19,819$14,324$10,207$7,189$3,170
29 years$25,758$18,697$13,330$9,360$6,492$2,760
30 years$24,630$17,657$12,416$8,590$5,866$2,405
31 years$23,578$16,692$11,576$7,890$5,303$2,096
32 years$22,593$15,794$10,800$7,251$4,797$1,827
33 years$21,669$14,957$10,084$6,668$4,341$1,593
34 years$20,802$14,176$9,422$6,135$3,931$1,389
35 years$19,986$13,446$8,809$5,647$3,560$1,211
36 years$19,218$12,762$8,241$5,201$3,226$1,057
37 years$18,492$12,121$7,713$4,792$2,924$922
38 years$17,806$11,519$7,223$4,417$2,650$805
39 years$17,158$10,954$6,767$4,073$2,403$702
40 years$16,543$10,421$6,343$3,757$2,180$613
41 years$15,959$9,920$5,948$3,466$1,978$535
42 years$15,405$9,448$5,579$3,199$1,795$467
43 years$14,878$9,002$5,235$2,953$1,629$408
44 years$14,377$8,581$4,914$2,726$1,478$356
45 years$13,899$8,182$4,614$2,518$1,342$311
46 years$13,443$7,806$4,334$2,326$1,219$271
47 years$13,008$7,449$4,071$2,149$1,107$237
48 years$12,592$7,111$3,826$1,985$1,005$207
49 years$12,194$6,791$3,596$1,835$913$181
50 years$11,814$6,487$3,381$1,696$829$158

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 $2,671 every year, while hoping to spend $22,619 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: 53/21/26 Blend
53$12,100,000$12,100,000$12,100,000$12,100,000
54$13,336,955$12,695,655$12,508,105$13,947,160
55$14,673,258$13,293,676$12,903,060$14,967,467
56$16,145,106$13,920,241$13,310,488$16,074,675
57$17,766,300$14,576,727$13,730,783$17,279,162
58$19,552,050$15,264,573$14,164,351$18,590,236
59$21,519,114$15,985,292$14,611,612$20,018,130
60$23,685,960$16,740,468$15,072,997$21,574,098
61$26,072,939$17,531,762$15,548,954$23,270,510
62$28,702,477$18,360,917$16,039,943$25,120,973
63$31,599,286$19,229,758$16,546,437$27,140,449
64$34,790,598$20,140,201$17,068,927$29,345,398
65$38,306,422$21,094,254$17,607,919$31,753,924
66$42,179,826$22,094,021$18,163,933$34,385,945
67$46,447,251$23,141,711$18,737,507$37,263,375
68$51,148,853$24,239,637$19,329,197$40,410,328
69$56,328,884$25,390,227$19,939,573$43,853,338
70$62,036,108$26,596,026$20,569,226$47,621,604
71$68,324,261$27,859,702$21,218,766$51,747,265
72$75,252,562$29,184,053$21,888,820$56,265,690
73$82,886,264$30,572,013$22,580,037$61,215,815
74$91,297,279$32,026,658$23,293,084$66,640,496
75$100,564,851$33,551,214$24,028,652$72,586,912
76$110,776,306$35,149,063$24,787,452$79,107,005
77$122,027,875$36,823,753$25,570,218$86,257,957
78$134,425,605$38,579,003$26,377,706$94,102,729
79$148,086,355$40,418,713$27,210,698$102,710,643
80$163,138,907$42,346,974$28,070,000$112,158,032
81$179,725,173$44,368,072$28,956,442$122,528,951
82$198,001,539$46,486,507$29,870,882$133,915,959
83$218,140,344$48,706,994$30,814,204$146,420,988
84$240,331,500$51,034,478$31,787,321$160,156,294
85$264,784,291$53,474,145$32,791,174$175,245,507
86$291,729,344$56,031,433$33,826,734$191,824,786
87$321,420,810$58,712,046$34,895,002$210,044,095
88$354,138,760$61,521,964$35,997,012$230,068,608
89$390,191,832$64,467,458$37,133,830$252,080,256
90$429,920,140$67,555,105$38,306,555$276,279,432
91$473,698,492$70,791,803$39,516,322$302,886,868
92$521,939,920$74,184,783$40,764,300$332,145,710
93$575,099,585$77,741,631$42,051,698$364,323,793
94$633,679,073$81,470,300$43,379,760$399,716,161
95$698,231,127$85,379,134$44,749,771$438,647,832
96$769,364,870$89,476,879$46,163,056$481,476,853
97$847,751,550$93,772,711$47,620,982$528,597,664
98$934,130,884$98,276,249$49,124,960$580,444,799
99$1,029,318,032$102,997,583$50,676,445$637,496,977
100$1,134,211,303$107,947,296$52,276,937$700,281,598