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%13.2%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$975,629
2 years$506,921$497,480$488,330$479,459$470,854$457,612
3 years$334,590$325,109$315,982$307,194$298,729$285,821
4 years$248,442$238,989$229,954$221,316$213,056$200,582
5 years$196,766$187,371$178,454$169,992$161,962$149,957
6 years$162,327$153,002$144,217$135,944$128,155$116,634
7 years$137,738$128,491$119,845$111,767$104,224$93,192
8 years$119,304$110,140$101,638$93,759$86,464$75,919
9 years$104,974$95,897$87,541$79,861$72,815$62,753
10 years$93,517$84,529$76,320$68,841$62,042$52,455
11 years$84,149$75,251$67,191$59,913$53,358$44,237
12 years$76,348$67,541$59,630$52,551$46,239$37,574
13 years$69,752$61,037$53,276$46,395$40,322$32,100
14 years$64,103$55,481$47,869$41,184$35,346$27,556
15 years$59,212$50,683$43,219$36,729$31,121$23,750
16 years$54,937$46,501$39,184$32,887$27,505$20,539
17 years$51,168$42,826$35,656$29,549$24,388$17,813
18 years$47,822$39,573$32,549$26,629$21,684$15,486
19 years$44,832$36,676$29,797$24,062$19,328$13,491
20 years$42,144$34,081$27,347$21,793$17,264$11,774
21 years$39,715$31,745$25,154$19,778$15,449$10,291
22 years$37,510$29,633$23,183$17,983$13,848$9,007
23 years$35,499$27,715$21,405$16,377$12,431$7,893
24 years$33,659$25,967$19,796$14,937$11,173$6,923
25 years$31,969$24,369$18,335$13,641$10,054$6,077
26 years$30,411$22,903$17,005$12,473$9,056$5,339
27 years$28,972$21,554$15,791$11,417$8,165$4,694
28 years$27,637$20,310$14,680$10,460$7,368$4,129
29 years$26,397$19,160$13,661$9,592$6,653$3,634
30 years$25,241$18,095$12,724$8,803$6,011$3,200
31 years$24,162$17,106$11,863$8,085$5,435$2,819
32 years$23,153$16,186$11,068$7,431$4,916$2,484
33 years$22,207$15,328$10,334$6,833$4,449$2,189
34 years$21,318$14,527$9,656$6,287$4,028$1,930
35 years$20,482$13,779$9,027$5,787$3,648$1,702
36 years$19,694$13,078$8,445$5,330$3,306$1,501
37 years$18,951$12,421$7,904$4,911$2,996$1,324
38 years$18,248$11,805$7,402$4,527$2,716$1,168
39 years$17,583$11,225$6,935$4,174$2,463$1,031
40 years$16,953$10,680$6,500$3,850$2,234$910
41 years$16,355$10,166$6,095$3,552$2,027$803
42 years$15,787$9,682$5,717$3,278$1,839$709
43 years$15,247$9,225$5,365$3,026$1,669$626
44 years$14,733$8,793$5,036$2,794$1,515$553
45 years$14,243$8,385$4,729$2,580$1,375$488
46 years$13,776$7,999$4,441$2,383$1,249$431
47 years$13,330$7,634$4,172$2,202$1,134$381
48 years$12,904$7,287$3,921$2,035$1,030$336
49 years$12,497$6,959$3,685$1,880$935$297
50 years$12,107$6,648$3,465$1,738$850$262

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 $6,369 every year, while hoping to spend $58,809 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: 62/27/11 Blend
53$12,400,000$12,400,000$12,400,000$12,400,000
54$13,671,370$13,014,170$12,821,970$14,483,969
55$15,003,277$13,589,292$13,188,933$15,604,133
56$16,469,068$14,190,624$13,566,219$16,818,985
57$18,082,336$14,819,388$13,954,111$18,143,580
58$19,858,061$15,476,864$14,352,900$19,588,548
59$21,812,746$16,164,394$14,762,885$21,165,579
60$23,964,578$16,883,381$15,184,374$22,887,531
61$26,333,596$17,635,296$15,617,681$24,768,548
62$28,941,878$18,421,682$16,063,129$26,824,190
63$31,813,757$19,244,151$16,521,051$29,071,576
64$34,976,041$20,104,396$16,991,787$31,529,540
65$38,458,273$21,004,187$17,475,687$34,218,809
66$42,293,004$21,945,379$17,973,110$37,162,190
67$46,516,106$22,929,918$18,484,425$40,384,783
68$51,167,104$23,959,840$19,010,008$43,914,216
69$56,289,554$25,037,277$19,550,249$47,780,896
70$61,931,452$26,164,467$20,105,546$52,018,292
71$68,145,684$27,343,750$20,676,306$56,663,252
72$74,990,531$28,577,581$21,262,949$61,756,335
73$82,530,213$29,868,530$21,865,906$67,342,197
74$90,835,497$31,219,291$22,485,616$73,470,004
75$99,984,368$32,632,686$23,122,534$80,193,887
76$110,062,758$34,111,673$23,777,124$87,573,450
77$121,165,364$35,659,349$24,449,862$95,674,326
78$133,396,536$37,278,962$25,141,237$104,568,787
79$146,871,265$38,973,913$25,851,751$114,336,419
80$161,716,268$40,747,768$26,581,918$125,064,869
81$178,071,180$42,604,262$27,332,266$136,850,661
82$196,089,880$44,547,310$28,103,336$149,800,099
83$215,941,932$46,581,014$28,895,683$164,030,264
84$237,814,198$48,709,671$29,709,876$179,670,109
85$261,912,589$50,937,788$30,546,500$196,861,663
86$288,464,018$53,270,085$31,406,153$215,761,368
87$317,718,538$55,711,509$32,289,449$236,541,542
88$349,951,702$58,267,246$33,197,018$259,391,993
89$385,467,163$60,942,729$34,129,506$284,521,803
90$424,599,544$63,743,652$35,087,575$312,161,288
91$467,717,591$66,675,985$36,071,902$342,564,158
92$515,227,659$69,745,983$37,083,185$376,009,903
93$567,577,545$72,960,200$38,122,136$412,806,413
94$625,260,714$76,325,510$39,189,487$453,292,873
95$688,820,959$79,849,112$40,285,988$497,842,950
96$758,857,535$83,538,556$41,412,406$546,868,305
97$836,030,812$87,401,754$42,569,530$600,822,459
98$921,068,512$91,446,997$43,758,166$660,205,062
99$1,014,772,577$95,682,977$44,979,142$725,566,591
100$1,118,026,743$100,118,806$46,233,306$797,513,525