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%18.8%
1 years$1,007,465$998,491$989,735$981,190$972,845$938,328
2 years$498,745$489,456$480,454$471,726$463,260$428,852
3 years$329,194$319,865$310,886$302,239$293,911$260,694
4 years$244,435$235,135$226,245$217,746$209,620$177,848
5 years$193,593$184,348$175,575$167,250$159,350$129,106
6 years$159,709$150,534$141,891$133,751$126,088$97,395
7 years$135,516$126,419$117,912$109,964$102,543$75,395
8 years$117,379$108,364$99,999$92,246$85,069$59,443
9 years$103,281$94,350$86,129$78,573$71,641$47,503
10 years$92,008$83,165$75,089$67,731$61,042$38,352
11 years$82,791$74,037$66,107$58,946$52,498$31,209
12 years$75,116$66,452$58,669$51,704$45,493$25,555
13 years$68,627$60,053$52,416$45,647$39,671$21,029
14 years$63,069$54,586$47,096$40,520$34,776$17,373
15 years$58,257$49,866$42,522$36,137$30,619$14,399
16 years$54,051$45,751$38,552$32,357$27,061$11,966
17 years$50,343$42,135$35,081$29,072$23,994$9,966
18 years$47,051$38,934$32,024$26,200$21,335$8,314
19 years$44,109$36,084$29,317$23,674$19,016$6,947
20 years$41,464$33,531$26,906$21,441$16,986$5,811
21 years$39,074$31,233$24,748$19,459$15,200$4,866
22 years$36,905$29,155$22,809$17,693$13,625$4,078
23 years$34,927$27,268$21,060$16,113$12,230$3,420
24 years$33,116$25,548$19,477$14,696$10,993$2,870
25 years$31,453$23,976$18,040$13,421$9,892$2,410
26 years$29,921$22,533$16,731$12,272$8,910$2,024
27 years$28,504$21,206$15,536$11,233$8,033$1,701
28 years$27,191$19,983$14,443$10,292$7,249$1,429
29 years$25,971$18,851$13,440$9,438$6,545$1,202
30 years$24,834$17,803$12,519$8,661$5,914$1,010
31 years$23,772$16,830$11,671$7,955$5,347$850
32 years$22,779$15,925$10,889$7,311$4,837$715
33 years$21,848$15,081$10,167$6,723$4,377$601
34 years$20,974$14,293$9,500$6,186$3,963$506
35 years$20,152$13,557$8,882$5,694$3,590$426
36 years$19,376$12,867$8,309$5,244$3,252$358
37 years$18,645$12,221$7,777$4,832$2,948$301
38 years$17,954$11,614$7,283$4,454$2,672$254
39 years$17,299$11,044$6,823$4,106$2,423$213
40 years$16,679$10,508$6,395$3,788$2,198$180
41 years$16,091$10,002$5,997$3,495$1,994$151
42 years$15,532$9,526$5,625$3,225$1,809$127
43 years$15,001$9,076$5,278$2,977$1,642$107
44 years$14,495$8,651$4,955$2,749$1,491$90
45 years$14,013$8,250$4,652$2,539$1,353$76
46 years$13,554$7,870$4,370$2,345$1,229$64
47 years$13,115$7,511$4,105$2,166$1,116$54
48 years$12,696$7,170$3,858$2,002$1,013$45
49 years$12,295$6,847$3,626$1,850$920$38
50 years$11,911$6,540$3,409$1,710$836$32

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 $2,230 every year, while hoping to spend $34,456 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: 60/14/26 Blend
53$12,200,000$12,200,000$12,200,000$12,200,000
54$13,446,700$12,800,100$12,611,000$14,159,306
55$14,781,603$13,390,644$12,996,808$15,235,332
56$16,251,510$14,008,970$13,394,385$16,404,964
57$17,870,158$14,656,403$13,804,090$17,680,479
58$19,652,678$15,334,331$14,226,292$19,072,186
59$21,615,748$16,044,210$14,661,369$20,591,428
60$23,777,744$16,787,566$15,109,715$22,250,684
61$26,158,915$17,565,998$15,571,731$24,063,687
62$28,781,574$18,381,181$16,047,834$26,045,548
63$31,670,310$19,234,875$16,538,452$28,212,897
64$34,852,217$20,128,919$17,044,025$30,584,040
65$38,357,152$21,065,244$17,565,009$33,179,122
66$42,218,015$22,045,875$18,101,870$36,020,321
67$46,471,062$23,072,932$18,655,092$39,132,050
68$51,156,244$24,148,640$19,225,172$42,541,186
69$56,317,587$25,275,329$19,812,621$46,277,317
70$62,003,604$26,455,443$20,417,967$50,373,023
71$68,267,756$27,691,544$21,041,753$54,864,172
72$75,168,954$28,986,317$21,684,539$59,790,264
73$82,772,118$30,342,577$22,346,902$65,194,790
74$91,148,787$31,763,276$23,029,435$71,125,646
75$100,377,794$33,251,508$23,732,752$77,635,575
76$110,546,012$34,810,515$24,457,483$84,782,664
77$121,749,174$36,443,699$25,204,277$92,630,885
78$134,092,774$38,154,624$25,973,804$101,250,695
79$147,693,064$39,947,027$26,766,754$110,719,693
80$162,678,152$41,824,828$27,583,836$121,123,352
81$179,189,212$43,792,133$28,425,783$132,555,816
82$197,381,814$45,853,250$29,293,349$145,120,782
83$217,427,393$48,012,693$30,187,311$158,932,476
84$239,514,869$50,275,197$31,108,468$174,116,722
85$263,852,430$52,645,725$32,057,645$190,812,124
86$290,669,493$55,129,481$33,035,691$209,171,366
87$320,218,876$57,731,920$34,043,481$229,362,647
88$352,779,180$60,458,764$35,081,917$251,571,262
89$388,657,423$63,316,009$36,151,927$276,001,340
90$428,191,930$66,309,944$37,254,468$302,877,764
91$471,755,539$69,447,163$38,390,524$332,448,286
92$519,759,108$72,734,579$39,561,111$364,985,855
93$572,655,404$76,179,440$40,767,275$400,791,186
94$630,943,369$79,789,346$42,010,092$440,195,585
95$695,172,835$83,572,267$43,290,673$483,564,070
96$765,949,714$87,536,558$44,610,161$531,298,804
97$843,941,717$91,690,980$45,969,732$583,842,881
98$929,884,655$96,044,721$47,370,601$641,684,496
99$1,024,589,390$100,607,413$48,814,017$705,361,541
100$1,128,949,489$105,389,157$50,301,267$775,466,671