Can I retire at age 54 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$949,043
2 years$502,833$493,468$484,392$475,592$467,057$435,341
3 years$331,892$322,487$313,434$304,717$296,320$265,660
4 years$246,438$237,062$228,100$219,531$211,338$181,968
5 years$195,180$185,859$177,015$168,621$160,656$132,655
6 years$161,018$151,768$143,054$134,848$127,121$100,513
7 years$136,627$127,455$118,879$110,866$103,384$78,165
8 years$118,342$109,252$100,818$93,002$85,767$61,920
9 years$104,127$95,124$86,835$79,217$72,228$49,725
10 years$92,762$83,847$75,705$68,286$61,542$40,348
11 years$83,470$74,644$66,649$59,429$52,928$33,004
12 years$75,732$66,996$59,149$52,128$45,866$27,169
13 years$69,189$60,545$52,846$46,021$39,996$22,479
14 years$63,586$55,034$47,482$40,852$35,061$18,675
15 years$58,735$50,274$42,870$36,433$30,870$15,567
16 years$54,494$46,126$38,868$32,622$27,283$13,011
17 years$50,755$42,480$35,369$29,310$24,191$10,900
18 years$47,436$39,254$32,287$26,415$21,510$9,148
19 years$44,470$36,380$29,557$23,868$19,172$7,690
20 years$41,804$33,806$27,126$21,617$17,125$6,472
21 years$39,395$31,489$24,951$19,619$15,325$5,454
22 years$37,207$29,394$22,996$17,838$13,736$4,599
23 years$35,213$27,491$21,233$16,245$12,331$3,882
24 years$33,388$25,758$19,637$14,817$11,083$3,278
25 years$31,711$24,172$18,187$13,531$9,973$2,770
26 years$30,166$22,718$16,868$12,372$8,983$2,342
27 years$28,738$21,380$15,663$11,325$8,099$1,980
28 years$27,414$20,147$14,561$10,376$7,308$1,675
29 years$26,184$19,006$13,550$9,515$6,599$1,418
30 years$25,037$17,949$12,622$8,732$5,963$1,200
31 years$23,967$16,968$11,767$8,020$5,391$1,016
32 years$22,966$16,055$10,979$7,371$4,876$860
33 years$22,027$15,204$10,251$6,778$4,413$728
34 years$21,146$14,410$9,578$6,236$3,996$617
35 years$20,317$13,668$8,955$5,741$3,619$522
36 years$19,535$12,973$8,377$5,287$3,279$443
37 years$18,798$12,321$7,841$4,871$2,972$375
38 years$18,101$11,710$7,342$4,490$2,694$318
39 years$17,441$11,135$6,879$4,140$2,443$269
40 years$16,816$10,594$6,448$3,819$2,216$228
41 years$16,223$10,084$6,046$3,523$2,010$193
42 years$15,660$9,604$5,671$3,251$1,824$164
43 years$15,124$9,151$5,322$3,001$1,656$139
44 years$14,614$8,722$4,995$2,771$1,503$118
45 years$14,128$8,318$4,690$2,559$1,364$100
46 years$13,665$7,935$4,405$2,364$1,239$84
47 years$13,223$7,572$4,139$2,184$1,125$71
48 years$12,800$7,229$3,889$2,018$1,022$61
49 years$12,396$6,903$3,656$1,865$928$51
50 years$12,009$6,594$3,437$1,724$843$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,300,000, adding $3,841 every year, while hoping to spend $37,186 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: 44/35/21 Blend
53$12,300,000$12,300,000$12,300,000$12,300,000
54$13,558,562$12,906,662$12,716,012$14,072,503
55$14,901,970$13,499,523$13,102,433$15,028,436
56$16,381,159$14,120,187$13,500,552$16,060,034
57$18,009,939$14,769,979$13,910,723$17,177,479
58$19,803,530$15,450,285$14,333,309$18,388,736
59$21,778,698$16,162,557$14,768,683$19,702,553
60$23,953,923$16,908,320$15,217,232$21,128,531
61$26,349,565$17,689,170$15,679,352$22,677,216
62$28,988,062$18,506,780$16,155,451$24,360,189
63$31,894,137$19,362,905$16,645,951$26,190,176
64$35,095,034$20,259,383$17,151,286$28,181,154
65$38,620,776$21,198,140$17,671,901$30,348,486
66$42,504,443$22,181,197$18,208,258$32,709,054
67$46,782,491$23,210,671$18,760,830$35,281,414
68$51,495,092$24,288,781$19,330,105$38,085,965
69$56,686,513$25,417,853$19,916,585$41,145,135
70$62,405,535$26,600,325$20,520,788$44,483,586
71$68,705,913$27,838,754$21,143,248$48,128,435
72$75,646,882$29,135,819$21,784,512$52,109,508
73$83,293,718$30,494,329$22,445,148$56,459,609
74$91,718,354$31,917,227$23,125,737$61,214,826
75$101,000,056$33,407,601$23,826,879$66,414,856
76$111,226,174$34,968,686$24,549,192$72,103,375
77$122,492,965$36,603,873$25,293,311$78,328,441
78$134,906,504$38,316,719$26,059,893$85,142,934
79$148,583,680$40,110,951$26,849,612$92,605,048
80$163,653,304$41,990,476$27,663,163$100,778,826
81$180,257,324$43,959,393$28,501,262$109,734,754
82$198,552,162$46,021,994$29,364,646$119,550,417
83$218,710,195$48,182,784$30,254,073$130,311,213
84$240,921,377$50,446,482$31,170,327$142,111,152
85$265,395,035$52,818,038$32,114,211$155,053,724
86$292,361,847$55,302,640$33,086,555$169,252,864
87$322,076,014$57,905,728$34,088,213$184,834,013
88$354,817,664$60,633,005$35,120,064$201,935,284
89$390,895,493$63,490,450$36,183,014$220,708,750
90$430,649,684$66,484,332$37,277,996$241,321,862
91$474,455,112$69,621,225$38,405,969$263,959,012
92$522,724,887$72,908,018$39,567,922$288,823,255
93$575,914,252$76,351,939$40,764,875$316,138,201
94$634,524,883$79,960,561$41,997,876$346,150,114
95$699,109,621$83,741,828$43,268,004$379,130,205
96$770,277,693$87,704,068$44,576,373$415,377,175
97$848,700,463$91,856,013$45,924,127$455,220,011
98$935,117,771$96,206,818$47,312,445$499,021,064
99$1,030,344,914$100,766,083$48,742,543$547,179,443
100$1,135,280,348$105,543,874$50,215,671$600,134,760