Can I retire at age 54 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$980,918
2 years$506,921$497,480$488,330$479,459$470,854$462,916
3 years$334,590$325,109$315,982$307,194$298,729$290,973
4 years$248,442$238,989$229,954$221,316$213,056$205,543
5 years$196,766$187,371$178,454$169,992$161,962$154,713
6 years$162,327$153,002$144,217$135,944$128,155$121,180
7 years$137,738$128,491$119,845$111,767$104,224$97,526
8 years$119,304$110,140$101,638$93,759$86,464$80,043
9 years$104,974$95,897$87,541$79,861$72,815$66,669
10 years$93,517$84,529$76,320$68,841$62,042$56,168
11 years$84,149$75,251$67,191$59,913$53,358$47,751
12 years$76,348$67,541$59,630$52,551$46,239$40,894
13 years$69,752$61,037$53,276$46,395$40,322$35,232
14 years$64,103$55,481$47,869$41,184$35,346$30,506
15 years$59,212$50,683$43,219$36,729$31,121$26,525
16 years$54,937$46,501$39,184$32,887$27,505$23,145
17 years$51,168$42,826$35,656$29,549$24,388$20,256
18 years$47,822$39,573$32,549$26,629$21,684$17,774
19 years$44,832$36,676$29,797$24,062$19,328$15,631
20 years$42,144$34,081$27,347$21,793$17,264$13,773
21 years$39,715$31,745$25,154$19,778$15,449$12,155
22 years$37,510$29,633$23,183$17,983$13,848$10,744
23 years$35,499$27,715$21,405$16,377$12,431$9,508
24 years$33,659$25,967$19,796$14,937$11,173$8,424
25 years$31,969$24,369$18,335$13,641$10,054$7,471
26 years$30,411$22,903$17,005$12,473$9,056$6,631
27 years$28,972$21,554$15,791$11,417$8,165$5,890
28 years$27,637$20,310$14,680$10,460$7,368$5,236
29 years$26,397$19,160$13,661$9,592$6,653$4,657
30 years$25,241$18,095$12,724$8,803$6,011$4,144
31 years$24,162$17,106$11,863$8,085$5,435$3,689
32 years$23,153$16,186$11,068$7,431$4,916$3,286
33 years$22,207$15,328$10,334$6,833$4,449$2,928
34 years$21,318$14,527$9,656$6,287$4,028$2,610
35 years$20,482$13,779$9,027$5,787$3,648$2,326
36 years$19,694$13,078$8,445$5,330$3,306$2,075
37 years$18,951$12,421$7,904$4,911$2,996$1,851
38 years$18,248$11,805$7,402$4,527$2,716$1,651
39 years$17,583$11,225$6,935$4,174$2,463$1,473
40 years$16,953$10,680$6,500$3,850$2,234$1,315
41 years$16,355$10,166$6,095$3,552$2,027$1,174
42 years$15,787$9,682$5,717$3,278$1,839$1,048
43 years$15,247$9,225$5,365$3,026$1,669$935
44 years$14,733$8,793$5,036$2,794$1,515$835
45 years$14,243$8,385$4,729$2,580$1,375$746
46 years$13,776$7,999$4,441$2,383$1,249$666
47 years$13,330$7,634$4,172$2,202$1,134$595
48 years$12,904$7,287$3,921$2,035$1,030$531
49 years$12,497$6,959$3,685$1,880$935$475
50 years$12,107$6,648$3,465$1,738$850$424

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,400,000, adding $4,562 every year, while hoping to spend $30,284 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: 69/18/13 Blend
53$12,400,000$12,400,000$12,400,000$12,400,000
54$13,669,506$13,012,306$12,820,106$14,573,054
55$15,031,573$13,617,687$13,217,357$15,779,510
56$16,531,557$14,251,716$13,626,902$17,094,894
57$18,183,492$14,915,767$14,049,119$18,533,193
58$20,002,844$15,611,275$14,484,401$20,106,490
59$22,006,656$16,339,750$14,933,150$21,828,084
60$24,213,709$17,102,771$15,395,784$23,712,609
61$26,644,695$17,901,995$15,872,731$25,776,171
62$29,322,419$18,739,158$16,364,433$28,036,497
63$32,272,010$19,616,081$16,871,345$30,513,099
64$35,521,158$20,534,672$17,393,939$33,227,457
65$39,100,378$21,496,933$17,932,697$36,203,215
66$43,043,294$22,504,960$18,488,120$39,466,405
67$47,386,960$23,560,953$19,060,722$43,045,685
68$52,172,207$24,667,217$19,651,034$46,972,611
69$57,444,031$25,826,169$20,259,602$51,281,924
70$63,252,013$27,040,342$20,886,990$56,011,882
71$69,650,794$28,312,394$21,533,779$61,204,610
72$76,700,583$29,645,110$22,200,569$66,906,498
73$84,467,731$31,041,408$22,887,976$73,168,631
74$93,025,354$32,504,352$23,596,638$80,047,270
75$102,454,025$34,037,150$24,327,210$87,604,374
76$112,842,533$35,643,168$25,080,369$95,908,185
77$124,288,722$37,325,934$25,856,812$105,033,860
78$136,900,414$39,089,148$26,657,258$115,064,180
79$150,796,428$40,936,687$27,482,448$126,090,325
80$166,107,698$42,872,620$28,333,144$138,212,725
81$182,978,514$44,901,209$29,210,136$151,542,007
82$201,567,880$47,026,925$30,114,233$166,200,026
83$222,051,016$49,254,457$31,046,272$182,321,016
84$244,621,014$51,588,720$32,007,116$200,052,843
85$269,490,656$54,034,866$32,997,653$219,558,394
86$296,894,428$56,598,299$34,018,800$241,017,113
87$327,090,730$59,284,686$35,071,500$264,626,679
88$360,364,317$62,099,968$36,156,727$290,604,865
89$397,028,985$65,050,374$37,275,485$319,191,587
90$437,430,536$68,142,437$38,428,808$350,651,160
91$481,950,039$71,383,005$39,617,762$385,274,777
92$531,007,432$74,779,261$40,843,446$423,383,254
93$585,065,481$78,338,736$42,106,993$465,330,045
94$644,634,154$82,069,328$43,409,570$511,504,565
95$710,275,428$85,979,315$44,752,382$562,335,859
96$782,608,603$90,077,383$46,136,668$618,296,635
97$862,316,142$94,372,637$47,563,708$679,907,716
98$950,150,116$98,874,623$49,034,820$747,742,941
99$1,046,939,304$103,593,356$50,551,362$822,434,572
100$1,153,597,016$108,539,333$52,114,736$904,679,241