Can I retire at age 54 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,007,465$998,491$989,735$981,190$972,845$942,836
2 years$498,745$489,456$480,454$471,726$463,260$433,289
3 years$329,194$319,865$310,886$302,239$293,911$264,918
4 years$244,435$235,135$226,245$217,746$209,620$181,827
5 years$193,593$184,348$175,575$167,250$159,350$132,832
6 years$159,709$150,534$141,891$133,751$126,088$100,868
7 years$135,516$126,419$117,912$109,964$102,543$78,620
8 years$117,379$108,364$99,999$92,246$85,069$62,427
9 years$103,281$94,350$86,129$78,573$71,641$50,255
10 years$92,008$83,165$75,089$67,731$61,042$40,881
11 years$82,791$74,037$66,107$58,946$52,498$33,526
12 years$75,116$66,452$58,669$51,704$45,493$27,672
13 years$68,627$60,053$52,416$45,647$39,671$22,958
14 years$63,069$54,586$47,096$40,520$34,776$19,126
15 years$58,257$49,866$42,522$36,137$30,619$15,988
16 years$54,051$45,751$38,552$32,357$27,061$13,402
17 years$50,343$42,135$35,081$29,072$23,994$11,260
18 years$47,051$38,934$32,024$26,200$21,335$9,479
19 years$44,109$36,084$29,317$23,674$19,016$7,992
20 years$41,464$33,531$26,906$21,441$16,986$6,747
21 years$39,074$31,233$24,748$19,459$15,200$5,703
22 years$36,905$29,155$22,809$17,693$13,625$4,824
23 years$34,927$27,268$21,060$16,113$12,230$4,085
24 years$33,116$25,548$19,477$14,696$10,993$3,460
25 years$31,453$23,976$18,040$13,421$9,892$2,933
26 years$29,921$22,533$16,731$12,272$8,910$2,488
27 years$28,504$21,206$15,536$11,233$8,033$2,111
28 years$27,191$19,983$14,443$10,292$7,249$1,791
29 years$25,971$18,851$13,440$9,438$6,545$1,521
30 years$24,834$17,803$12,519$8,661$5,914$1,292
31 years$23,772$16,830$11,671$7,955$5,347$1,097
32 years$22,779$15,925$10,889$7,311$4,837$932
33 years$21,848$15,081$10,167$6,723$4,377$792
34 years$20,974$14,293$9,500$6,186$3,963$673
35 years$20,152$13,557$8,882$5,694$3,590$572
36 years$19,376$12,867$8,309$5,244$3,252$486
37 years$18,645$12,221$7,777$4,832$2,948$413
38 years$17,954$11,614$7,283$4,454$2,672$351
39 years$17,299$11,044$6,823$4,106$2,423$298
40 years$16,679$10,508$6,395$3,788$2,198$254
41 years$16,091$10,002$5,997$3,495$1,994$216
42 years$15,532$9,526$5,625$3,225$1,809$183
43 years$15,001$9,076$5,278$2,977$1,642$156
44 years$14,495$8,651$4,955$2,749$1,491$133
45 years$14,013$8,250$4,652$2,539$1,353$113
46 years$13,554$7,870$4,370$2,345$1,229$96
47 years$13,115$7,511$4,105$2,166$1,116$81
48 years$12,696$7,170$3,858$2,002$1,013$69
49 years$12,295$6,847$3,626$1,850$920$59
50 years$11,911$6,540$3,409$1,710$836$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,200,000, adding $5,420 every year, while hoping to spend $37,621 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: 27/48/25 Blend
53$12,200,000$12,200,000$12,200,000$12,200,000
54$13,449,991$12,803,391$12,614,291$13,707,559
55$14,781,861$13,390,728$12,996,841$14,501,132
56$16,248,322$14,005,585$13,390,946$15,348,957
57$17,863,061$14,649,268$13,796,953$16,258,494
58$19,641,161$15,323,151$14,215,219$17,235,012
59$21,599,244$16,028,670$14,646,113$18,284,278
60$23,755,625$16,767,332$15,090,015$19,412,596
61$26,130,483$17,540,716$15,547,316$20,626,869
62$28,746,058$18,350,477$16,018,417$21,934,649
63$31,626,856$19,198,350$16,503,733$23,344,209
64$34,799,878$20,086,153$17,003,691$24,864,609
65$38,294,882$21,015,791$17,518,732$26,505,777
66$42,144,658$21,989,261$18,049,306$28,278,590
67$46,385,336$23,008,659$18,595,882$30,194,976
68$51,056,735$24,076,177$19,158,938$32,268,009
69$56,202,729$25,194,117$19,738,970$34,512,031
70$61,871,668$26,364,890$20,336,486$36,942,773
71$68,116,831$27,591,022$20,952,011$39,577,497
72$74,996,930$28,875,164$21,586,085$42,435,145
73$82,576,662$30,220,093$22,239,265$45,536,509
74$90,927,323$31,628,719$22,912,122$48,904,417
75$100,127,480$33,104,096$23,605,247$52,563,934
76$110,263,707$34,649,421$24,319,248$56,542,588
77$121,431,411$36,268,049$25,054,748$60,870,617
78$133,735,727$37,963,494$25,812,394$65,581,239
79$147,292,509$39,739,444$26,592,847$70,710,953
80$162,229,429$41,599,761$27,396,792$76,299,868
81$178,687,177$43,548,495$28,224,930$82,392,066
82$196,820,791$45,589,893$29,077,988$89,036,003
83$216,801,121$47,728,407$29,956,709$96,284,947
84$238,816,439$49,968,703$30,861,863$104,197,467
85$263,074,221$52,315,675$31,794,240$112,837,961
86$289,803,099$54,774,450$32,754,655$122,277,252
87$319,255,025$57,350,408$33,743,946$132,593,228
88$351,707,645$60,049,186$34,762,976$143,871,564
89$387,466,924$62,876,696$35,812,635$156,206,501
90$426,870,031$65,839,134$36,893,838$169,701,719
91$470,288,520$68,942,998$38,007,529$184,471,286
92$518,131,845$72,195,100$39,154,676$200,640,711
93$570,851,216$75,602,583$40,336,281$218,348,102
94$628,943,866$79,172,936$41,553,373$237,745,442
95$692,957,740$82,914,009$42,807,010$258,999,995
96$763,496,669$86,834,035$44,098,284$282,295,852
97$841,226,072$90,941,646$45,428,320$307,835,637
98$926,879,236$95,245,891$46,798,273$335,842,390
99$1,021,264,237$99,756,259$48,209,334$366,561,632
100$1,125,271,574$104,482,700$49,662,731$400,263,647