Can I retire at age 54 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$988,504
2 years$515,097$505,504$496,207$487,192$478,448$462,134
3 years$339,987$330,352$321,079$312,149$303,547$287,663
4 years$252,449$242,844$233,663$224,886$216,493$201,162
5 years$199,940$190,393$181,332$172,734$164,574$149,841
6 years$164,946$155,470$146,543$138,137$130,222$116,103
7 years$139,959$130,563$121,778$113,570$105,905$92,406
8 years$121,228$111,917$103,277$95,271$87,859$74,975
9 years$106,667$97,444$88,953$81,150$73,990$61,716
10 years$95,025$85,892$77,551$69,952$63,043$51,368
11 years$85,506$76,465$68,275$60,879$54,219$43,132
12 years$77,579$68,630$60,592$53,399$46,985$36,471
13 years$70,877$62,022$54,135$47,143$40,972$31,016
14 years$65,137$56,376$48,641$41,849$35,916$26,500
15 years$60,167$51,501$43,916$37,322$31,623$22,731
16 years$55,823$47,251$39,816$33,417$27,949$19,562
17 years$51,993$43,516$36,231$30,025$24,781$16,882
18 years$48,593$40,211$33,074$27,059$22,034$14,603
19 years$45,555$37,267$30,278$24,450$19,640$12,656
20 years$42,823$34,630$27,788$22,144$17,542$10,988
21 years$40,355$32,257$25,559$20,097$15,698$9,554
22 years$38,115$30,111$23,557$18,273$14,071$8,318
23 years$36,072$28,162$21,751$16,642$12,631$7,249
24 years$34,202$26,386$20,116$15,178$11,353$6,324
25 years$32,485$24,762$18,631$13,862$10,216$5,521
26 years$30,902$23,272$17,279$12,674$9,202$4,823
27 years$29,439$21,902$16,045$11,601$8,297$4,217
28 years$28,083$20,638$14,916$10,629$7,486$3,688
29 years$26,822$19,470$13,881$9,747$6,760$3,228
30 years$25,648$18,387$12,930$8,945$6,108$2,826
31 years$24,552$17,382$12,054$8,216$5,522$2,475
32 years$23,526$16,447$11,246$7,550$4,995$2,168
33 years$22,565$15,575$10,501$6,943$4,521$1,900
34 years$21,662$14,762$9,811$6,388$4,093$1,665
35 years$20,812$14,001$9,173$5,881$3,707$1,460
36 years$20,012$13,289$8,581$5,416$3,359$1,280
37 years$19,256$12,622$8,032$4,990$3,044$1,122
38 years$18,542$11,995$7,521$4,600$2,760$984
39 years$17,867$11,406$7,047$4,241$2,503$864
40 years$17,226$10,852$6,605$3,912$2,270$758
41 years$16,619$10,330$6,193$3,609$2,060$665
42 years$16,042$9,838$5,810$3,331$1,869$583
43 years$15,493$9,374$5,451$3,075$1,696$512
44 years$14,971$8,935$5,117$2,839$1,540$449
45 years$14,473$8,520$4,805$2,622$1,398$394
46 years$13,998$8,128$4,513$2,422$1,269$346
47 years$13,545$7,757$4,240$2,237$1,152$304
48 years$13,112$7,405$3,984$2,068$1,046$266
49 years$12,698$7,071$3,745$1,911$950$234
50 years$12,302$6,755$3,521$1,766$863$205

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,600,000, adding $5,643 every year, while hoping to spend $36,968 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: 47/25/28 Blend
53$12,600,000$12,600,000$12,600,000$12,600,000
54$13,891,021$13,223,221$13,027,921$14,432,120
55$15,268,571$13,831,825$13,425,022$15,423,269
56$16,785,393$14,469,012$13,834,188$16,494,485
57$18,455,652$15,136,143$14,255,783$17,656,624
58$20,294,960$15,834,644$14,690,182$18,918,255
59$22,320,517$16,566,013$15,137,775$20,288,792
60$24,551,278$17,331,816$15,598,959$21,778,580
61$27,008,130$18,133,697$16,074,145$23,398,985
62$29,714,088$18,973,377$16,563,758$25,162,504
63$32,694,515$19,852,663$17,068,234$27,082,871
64$35,977,358$20,773,445$17,588,022$29,175,188
65$39,593,412$21,737,708$18,123,585$31,456,060
66$43,576,615$22,747,530$18,675,399$33,943,747
67$47,964,361$23,805,091$19,243,957$36,658,333
68$52,797,860$24,912,674$19,829,763$39,621,904
69$58,122,521$26,072,675$20,433,340$42,858,762
70$63,988,385$27,287,603$21,055,224$46,395,636
71$70,450,595$28,560,090$21,695,968$50,261,938
72$77,569,915$29,892,893$22,356,142$54,490,029
73$85,413,306$31,288,905$23,036,333$59,115,519
74$94,054,557$32,751,155$23,737,144$64,177,596
75$103,574,983$34,282,823$24,459,199$69,719,389
76$114,064,189$35,887,238$25,203,140$75,788,367
77$125,620,916$37,567,894$25,969,626$82,436,782
78$138,353,979$39,328,450$26,759,337$89,722,148
79$152,383,286$41,172,745$27,572,976$97,707,780
80$167,840,974$43,104,802$28,411,263$106,463,382
81$184,872,655$45,128,840$29,274,943$116,065,693
82$203,638,794$47,249,280$30,164,781$126,599,207
83$224,316,215$49,470,760$31,081,566$138,156,952
84$247,099,781$51,798,139$32,026,110$150,841,365
85$272,204,225$54,236,514$32,999,252$164,765,244
86$299,866,181$56,791,228$34,001,851$180,052,802
87$330,346,416$59,467,882$35,034,798$196,840,827
88$363,932,292$62,272,350$36,099,005$215,279,960
89$400,940,479$65,210,789$37,195,415$235,536,106
90$441,719,945$68,289,655$38,324,999$257,791,981
91$486,655,248$71,515,717$39,488,755$282,248,829
92$536,170,168$74,896,071$40,687,712$309,128,303
93$590,731,706$78,438,160$41,922,932$338,674,538
94$650,854,495$82,149,784$43,195,505$371,156,446
95$717,105,655$86,039,125$44,506,556$406,870,232
96$790,110,150$90,114,760$45,857,243$446,142,175
97$870,556,684$94,385,682$47,248,759$489,331,687
98$959,204,206$98,861,321$48,682,334$536,834,686
99$1,056,889,075$103,551,565$50,159,231$589,087,314
100$1,164,532,949$108,466,781$51,680,754$646,570,034