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

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$976,686
2 years$502,833$493,468$484,392$475,592$467,057$462,885
3 years$331,892$322,487$313,434$304,717$296,320$292,237
4 years$246,438$237,062$228,100$219,531$211,338$207,376
5 years$195,180$185,859$177,015$168,621$160,656$156,827
6 years$161,018$151,768$143,054$134,848$127,121$123,430
7 years$136,627$127,455$118,879$110,866$103,384$99,832
8 years$118,342$109,252$100,818$93,002$85,767$82,355
9 years$104,127$95,124$86,835$79,217$72,228$68,956
10 years$92,762$83,847$75,705$68,286$61,542$58,407
11 years$83,470$74,644$66,649$59,429$52,928$49,929
12 years$75,732$66,996$59,149$52,128$45,866$43,001
13 years$69,189$60,545$52,846$46,021$39,996$37,262
14 years$63,586$55,034$47,482$40,852$35,061$32,454
15 years$58,735$50,274$42,870$36,433$30,870$28,388
16 years$54,494$46,126$38,868$32,622$27,283$24,922
17 years$50,755$42,480$35,369$29,310$24,191$21,948
18 years$47,436$39,254$32,287$26,415$21,510$19,380
19 years$44,470$36,380$29,557$23,868$19,172$17,153
20 years$41,804$33,806$27,126$21,617$17,125$15,213
21 years$39,395$31,489$24,951$19,619$15,325$13,515
22 years$37,207$29,394$22,996$17,838$13,736$12,026
23 years$35,213$27,491$21,233$16,245$12,331$10,715
24 years$33,388$25,758$19,637$14,817$11,083$9,559
25 years$31,711$24,172$18,187$13,531$9,973$8,536
26 years$30,166$22,718$16,868$12,372$8,983$7,630
27 years$28,738$21,380$15,663$11,325$8,099$6,826
28 years$27,414$20,147$14,561$10,376$7,308$6,111
29 years$26,184$19,006$13,550$9,515$6,599$5,475
30 years$25,037$17,949$12,622$8,732$5,963$4,907
31 years$23,967$16,968$11,767$8,020$5,391$4,401
32 years$22,966$16,055$10,979$7,371$4,876$3,949
33 years$22,027$15,204$10,251$6,778$4,413$3,545
34 years$21,146$14,410$9,578$6,236$3,996$3,183
35 years$20,317$13,668$8,955$5,741$3,619$2,859
36 years$19,535$12,973$8,377$5,287$3,279$2,569
37 years$18,798$12,321$7,841$4,871$2,972$2,309
38 years$18,101$11,710$7,342$4,490$2,694$2,076
39 years$17,441$11,135$6,879$4,140$2,443$1,867
40 years$16,816$10,594$6,448$3,819$2,216$1,679
41 years$16,223$10,084$6,046$3,523$2,010$1,510
42 years$15,660$9,604$5,671$3,251$1,824$1,358
43 years$15,124$9,151$5,322$3,001$1,656$1,222
44 years$14,614$8,722$4,995$2,771$1,503$1,100
45 years$14,128$8,318$4,690$2,559$1,364$990
46 years$13,665$7,935$4,405$2,364$1,239$891
47 years$13,223$7,572$4,139$2,184$1,125$802
48 years$12,800$7,229$3,889$2,018$1,022$722
49 years$12,396$6,903$3,656$1,865$928$650
50 years$12,009$6,594$3,437$1,724$843$585

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 $3,634 every year, while hoping to spend $23,172 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: 59/24/17 Blend
53$12,300,000$12,300,000$12,300,000$12,300,000
54$13,558,348$12,906,448$12,715,798$14,298,506
55$14,916,645$13,514,210$13,117,123$15,407,369
56$16,412,712$14,150,974$13,531,115$16,613,190
57$18,060,576$14,818,140$13,958,175$17,927,658
58$19,875,695$15,517,170$14,398,715$19,361,265
59$21,875,105$16,249,600$14,853,161$20,925,548
60$24,077,575$17,017,040$15,321,951$22,633,193
61$26,503,791$17,821,177$15,805,539$24,498,154
62$29,176,545$18,663,782$16,304,392$26,535,778
63$32,120,954$19,546,710$16,818,991$28,762,948
64$35,364,699$20,471,905$17,349,834$31,198,236
65$38,938,278$21,441,409$17,897,434$33,862,079
66$42,875,304$22,457,359$18,462,319$36,776,959
67$47,212,814$23,521,999$19,045,036$39,967,620
68$51,991,623$24,637,679$19,646,147$43,461,290
69$57,256,708$25,806,865$20,266,232$47,287,933
70$63,057,633$27,032,142$20,905,892$51,480,533
71$69,449,016$28,316,221$21,565,744$56,075,390
72$76,491,044$29,661,945$22,246,425$61,112,467
73$84,250,044$31,072,293$22,948,593$66,635,752
74$92,799,104$32,550,391$23,672,926$72,693,673
75$102,218,768$34,099,516$24,420,125$79,339,545
76$112,597,794$35,723,103$25,190,910$86,632,070
77$124,033,990$37,424,757$25,986,028$94,635,879
78$136,635,143$39,208,256$26,806,245$103,422,137
79$150,520,028$41,077,561$27,652,355$113,069,208
80$165,819,536$43,036,827$28,525,174$123,663,384
81$182,677,908$45,090,411$29,425,547$135,299,693
82$201,254,095$47,242,881$30,354,342$148,082,783
83$221,723,258$49,499,027$31,312,459$162,127,907
84$244,278,425$51,863,874$32,300,821$177,561,993
85$269,132,310$54,342,690$33,320,384$194,524,839
86$296,519,323$56,940,998$34,372,133$213,170,417
87$326,697,779$59,664,593$35,457,085$233,668,316
88$359,952,342$62,519,548$36,576,288$256,205,333
89$396,596,710$65,512,235$37,730,822$280,987,220
90$436,976,574$68,649,334$38,921,804$308,240,619
91$481,472,885$71,937,851$40,150,385$338,215,182
92$530,505,448$75,385,134$41,417,751$371,185,915
93$584,536,885$78,998,887$42,725,127$407,455,763
94$644,077,005$82,787,190$44,073,777$447,358,448
95$709,687,614$86,758,517$45,465,003$491,261,609
96$781,987,820$90,921,754$46,900,150$539,570,250
97$861,659,877$95,286,219$48,380,604$592,730,549
98$949,455,626$99,861,686$49,907,797$651,234,051
99$1,046,203,596$104,658,404$51,483,203$715,622,287
100$1,152,816,818$109,687,122$53,108,346$786,491,867