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%15.9%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$964,890
2 years$506,921$497,480$488,330$479,459$470,854$446,915
3 years$334,590$325,109$315,982$307,194$298,729$275,503
4 years$248,442$238,989$229,954$221,316$213,056$190,722
5 years$196,766$187,371$178,454$169,992$161,962$140,582
6 years$162,327$153,002$144,217$135,944$128,155$107,750
7 years$137,738$128,491$119,845$111,767$104,224$84,798
8 years$119,304$110,140$101,638$93,759$86,464$68,008
9 years$104,974$95,897$87,541$79,861$72,815$55,314
10 years$93,517$84,529$76,320$68,841$62,042$45,477
11 years$84,149$75,251$67,191$59,913$53,358$37,704
12 years$76,348$67,541$59,630$52,551$46,239$31,471
13 years$69,752$61,037$53,276$46,395$40,322$26,410
14 years$64,103$55,481$47,869$41,184$35,346$22,261
15 years$59,212$50,683$43,219$36,729$31,121$18,832
16 years$54,937$46,501$39,184$32,887$27,505$15,980
17 years$51,168$42,826$35,656$29,549$24,388$13,593
18 years$47,822$39,573$32,549$26,629$21,684$11,588
19 years$44,832$36,676$29,797$24,062$19,328$9,895
20 years$42,144$34,081$27,347$21,793$17,264$8,463
21 years$39,715$31,745$25,154$19,778$15,449$7,247
22 years$37,510$29,633$23,183$17,983$13,848$6,213
23 years$35,499$27,715$21,405$16,377$12,431$5,331
24 years$33,659$25,967$19,796$14,937$11,173$4,578
25 years$31,969$24,369$18,335$13,641$10,054$3,934
26 years$30,411$22,903$17,005$12,473$9,056$3,382
27 years$28,972$21,554$15,791$11,417$8,165$2,909
28 years$27,637$20,310$14,680$10,460$7,368$2,504
29 years$26,397$19,160$13,661$9,592$6,653$2,155
30 years$25,241$18,095$12,724$8,803$6,011$1,856
31 years$24,162$17,106$11,863$8,085$5,435$1,599
32 years$23,153$16,186$11,068$7,431$4,916$1,377
33 years$22,207$15,328$10,334$6,833$4,449$1,187
34 years$21,318$14,527$9,656$6,287$4,028$1,023
35 years$20,482$13,779$9,027$5,787$3,648$882
36 years$19,694$13,078$8,445$5,330$3,306$760
37 years$18,951$12,421$7,904$4,911$2,996$656
38 years$18,248$11,805$7,402$4,527$2,716$565
39 years$17,583$11,225$6,935$4,174$2,463$488
40 years$16,953$10,680$6,500$3,850$2,234$420
41 years$16,355$10,166$6,095$3,552$2,027$363
42 years$15,787$9,682$5,717$3,278$1,839$313
43 years$15,247$9,225$5,365$3,026$1,669$270
44 years$14,733$8,793$5,036$2,794$1,515$233
45 years$14,243$8,385$4,729$2,580$1,375$201
46 years$13,776$7,999$4,441$2,383$1,249$173
47 years$13,330$7,634$4,172$2,202$1,134$149
48 years$12,904$7,287$3,921$2,035$1,030$129
49 years$12,497$6,959$3,685$1,880$935$111
50 years$12,107$6,648$3,465$1,738$850$96

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 $4,141 every year, while hoping to spend $58,629 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: 40/38/22 Blend
53$12,400,000$12,400,000$12,400,000$12,400,000
54$13,669,071$13,011,871$12,819,671$14,126,642
55$15,000,936$13,587,072$13,186,750$15,030,929
56$16,466,686$14,188,493$13,564,160$16,002,713
57$18,079,915$14,817,357$13,952,187$17,052,863
58$19,855,603$15,474,944$14,351,121$18,188,559
59$21,810,254$16,162,596$14,761,264$19,417,679
60$23,962,056$16,881,718$15,182,922$20,748,871
61$26,331,046$17,633,783$15,616,410$22,191,626
62$28,939,307$18,420,333$16,062,054$23,756,365
63$31,811,168$19,242,982$16,520,186$25,454,535
64$34,973,442$20,103,422$16,991,146$27,298,704
65$38,455,669$21,003,426$17,475,286$29,302,682
66$42,290,405$21,944,851$17,972,965$31,481,640
67$46,513,519$22,929,642$18,484,552$33,852,251
68$51,164,540$23,959,836$19,010,427$36,432,835
69$56,287,025$25,037,570$19,550,978$39,243,534
70$61,928,969$26,165,079$20,106,603$42,306,486
71$68,143,263$27,344,706$20,677,713$45,646,032
72$74,988,187$28,578,908$21,264,728$49,288,938
73$82,527,964$29,870,257$21,868,079$53,264,635
74$90,833,365$31,221,448$22,488,208$57,605,495
75$99,982,374$32,635,305$23,125,569$62,347,124
76$110,060,929$34,114,787$23,780,627$67,528,686
77$121,163,727$35,662,995$24,453,862$73,193,271
78$133,395,122$37,283,177$25,145,762$79,388,285
79$146,870,110$38,978,738$25,856,830$86,165,887
80$161,715,411$40,753,246$26,587,583$93,583,477
81$178,070,665$42,610,437$27,338,550$101,704,219
82$196,089,754$44,554,230$28,110,273$110,597,629
83$215,942,251$46,588,729$28,903,308$120,340,217
84$237,815,019$48,718,236$29,718,228$131,016,199
85$261,913,980$50,947,258$30,555,617$142,718,273
86$288,466,052$53,280,520$31,416,077$155,548,487
87$317,721,296$55,722,972$32,300,222$169,619,180
88$349,955,274$58,279,803$33,208,685$185,054,033
89$385,471,649$60,956,451$34,142,113$201,989,215
90$424,605,054$63,758,614$35,101,171$220,574,656
91$467,724,249$66,692,265$36,086,539$240,975,441
92$515,235,600$69,763,663$37,098,916$263,373,350
93$567,586,918$72,979,370$38,139,016$287,968,557
94$625,271,685$76,346,260$39,207,575$314,981,497
95$688,833,711$79,871,542$40,305,343$344,654,925
96$758,872,271$83,562,768$41,433,093$377,256,189
97$836,047,755$87,427,856$42,591,614$413,079,725
98$921,087,910$91,475,105$43,781,717$452,449,816
99$1,014,794,704$95,713,213$45,004,232$495,723,627
100$1,118,051,899$100,151,296$46,260,010$543,294,547