Can I retire at age 54 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$973,858
2 years$511,009$501,492$492,268$483,326$474,651$451,697
3 years$337,289$327,731$318,530$309,671$301,138$278,856
4 years$250,446$240,917$231,808$223,101$214,774$193,335
5 years$198,353$188,882$179,893$171,363$163,268$142,733
6 years$163,636$154,236$145,380$137,040$129,188$109,578
7 years$138,848$129,527$120,812$112,668$105,065$86,383
8 years$120,266$111,029$102,458$94,515$87,161$69,400
9 years$105,820$96,670$88,247$80,506$73,402$56,549
10 years$94,271$85,210$76,936$69,397$62,543$46,578
11 years$84,827$75,858$67,733$60,396$53,789$38,692
12 years$76,963$68,086$60,111$52,975$46,612$32,358
13 years$70,314$61,530$53,705$46,769$40,647$27,209
14 years$64,620$55,929$48,255$41,516$35,631$22,982
15 years$59,690$51,092$43,567$37,025$31,372$19,483
16 years$55,380$46,876$39,500$33,152$27,727$16,567
17 years$51,581$43,171$35,944$29,787$24,584$14,124
18 years$48,208$39,892$32,812$26,844$21,859$12,066
19 years$45,193$36,971$30,038$24,256$19,484$10,327
20 years$42,484$34,356$27,567$21,968$17,403$8,852
21 years$40,035$32,001$25,356$19,938$15,574$7,598
22 years$37,812$29,872$23,370$18,128$13,960$6,529
23 years$35,786$27,938$21,578$16,509$12,531$5,615
24 years$33,931$26,176$19,956$15,058$11,263$4,833
25 years$32,227$24,565$18,483$13,752$10,135$4,163
26 years$30,657$23,087$17,142$12,574$9,129$3,588
27 years$29,205$21,728$15,918$11,509$8,231$3,094
28 years$27,860$20,474$14,798$10,545$7,427$2,669
29 years$26,609$19,315$13,771$9,670$6,706$2,303
30 years$25,445$18,241$12,827$8,874$6,060$1,989
31 years$24,357$17,244$11,958$8,150$5,478$1,717
32 years$23,340$16,316$11,157$7,490$4,956$1,483
33 years$22,386$15,452$10,418$6,888$4,485$1,281
34 years$21,490$14,645$9,734$6,338$4,061$1,107
35 years$20,647$13,890$9,100$5,834$3,678$957
36 years$19,853$13,184$8,513$5,373$3,332$827
37 years$19,103$12,522$7,968$4,951$3,020$715
38 years$18,395$11,900$7,462$4,563$2,738$618
39 years$17,725$11,316$6,991$4,207$2,483$534
40 years$17,089$10,766$6,552$3,881$2,252$462
41 years$16,487$10,248$6,144$3,580$2,043$399
42 years$15,914$9,760$5,763$3,304$1,854$345
43 years$15,370$9,299$5,408$3,050$1,683$299
44 years$14,852$8,864$5,077$2,816$1,527$258
45 years$14,358$8,453$4,767$2,601$1,387$223
46 years$13,887$8,064$4,477$2,403$1,259$193
47 years$13,438$7,695$4,206$2,220$1,143$167
48 years$13,008$7,346$3,953$2,051$1,038$145
49 years$12,597$7,015$3,715$1,896$943$125
50 years$12,204$6,701$3,493$1,752$856$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,500,000, adding $6,465 every year, while hoping to spend $45,735 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: 63/18/19 Blend
53$12,500,000$12,500,000$12,500,000$12,500,000
54$13,781,669$13,119,169$12,925,419$14,582,793
55$15,138,737$13,713,346$13,309,758$15,717,010
56$16,632,694$14,335,106$13,705,441$16,949,425
57$18,277,453$14,985,750$14,112,797$18,294,287
58$20,088,347$15,666,645$14,532,170$19,762,564
59$22,082,269$16,379,222$14,963,908$21,366,325
60$24,277,836$17,124,980$15,408,375$23,118,849
61$26,695,561$17,905,490$15,865,942$25,034,747
62$29,358,048$18,722,398$16,336,990$27,130,098
63$32,290,204$19,577,431$16,821,914$29,422,597
64$35,519,475$20,472,395$17,321,119$31,931,721
65$39,076,106$21,409,187$17,835,020$34,678,905
66$42,993,423$22,389,791$18,364,048$37,687,748
67$47,308,150$23,416,288$18,908,641$40,984,224
68$52,060,755$24,490,860$19,469,254$44,596,930
69$57,295,832$25,615,792$20,046,354$48,557,348
70$63,062,520$26,793,480$20,640,421$52,900,142
71$69,414,970$28,026,433$21,251,947$57,663,476
72$76,412,852$29,317,283$21,881,443$62,889,375
73$84,121,921$30,668,788$22,529,429$68,624,113
74$92,614,636$32,083,838$23,196,444$74,918,646
75$101,970,845$33,565,462$23,883,041$81,829,091
76$112,278,536$35,116,835$24,589,789$89,417,246
77$123,634,673$36,741,286$25,317,272$97,751,172
78$136,146,103$38,442,302$26,066,094$106,905,827
79$149,930,570$40,223,540$26,836,873$116,963,767
80$165,117,826$42,088,832$27,630,247$128,015,923
81$181,850,855$44,042,194$28,446,870$140,162,450
82$200,287,218$46,087,838$29,287,417$153,513,665
83$220,600,550$48,230,178$30,152,580$168,191,084
84$242,982,189$50,473,839$31,043,074$184,328,561
85$267,642,986$52,823,672$31,959,632$202,073,541
86$294,815,299$55,284,759$32,903,007$221,588,448
87$324,755,178$57,862,431$33,873,977$243,052,207
88$357,744,790$60,562,274$34,873,338$266,661,927
89$394,095,076$63,390,143$35,901,913$292,634,750
90$434,148,691$66,352,178$36,960,545$321,209,893
91$478,283,237$69,454,814$38,050,102$352,650,894
92$526,914,825$72,704,797$39,171,479$387,248,093
93$580,502,006$76,109,201$40,325,592$425,321,360
94$639,550,098$79,675,440$41,513,387$467,223,102
95$704,615,957$83,411,286$42,735,834$513,341,582
96$776,313,235$87,324,888$43,993,935$564,104,568
97$855,318,167$91,424,790$45,288,714$619,983,360
98$942,375,964$95,719,949$46,621,230$681,497,225
99$1,038,307,840$100,219,753$47,992,568$749,218,287
100$1,144,018,766$104,934,048$49,403,846$823,776,911