Can I retire at age 54 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,007,601
2 years$519,185$509,516$500,145$491,059$482,246$477,084
3 years$342,685$332,974$323,627$314,626$305,956$300,907
4 years$254,453$244,771$235,517$226,670$218,211$213,313
5 years$201,527$191,904$182,771$174,105$165,880$161,149
6 years$166,255$156,704$147,706$139,233$131,255$126,696
7 years$141,070$131,600$122,745$114,471$106,746$102,361
8 years$122,190$112,805$104,097$96,027$88,556$84,345
9 years$107,513$98,217$89,659$81,794$74,577$70,540
10 years$95,779$86,574$78,167$70,507$63,543$59,678
11 years$86,184$77,071$68,817$61,362$54,649$50,953
12 years$78,195$69,175$61,073$53,823$47,358$43,828
13 years$71,439$62,514$54,565$47,517$41,297$37,930
14 years$65,654$56,824$49,027$42,181$36,201$32,993
15 years$60,645$51,909$44,264$37,618$31,874$28,821
16 years$56,266$47,626$40,132$33,683$28,170$25,268
17 years$52,406$43,862$36,519$30,264$24,978$22,222
18 years$48,979$40,530$33,337$27,274$22,209$19,595
19 years$45,916$37,563$30,518$24,644$19,795$17,319
20 years$43,163$34,905$28,008$22,320$17,682$15,337
21 years$40,676$32,513$25,762$20,257$15,823$13,606
22 years$38,417$30,350$23,744$18,418$14,183$12,089
23 years$36,358$28,385$21,923$16,774$12,732$10,756
24 years$34,474$26,595$20,275$15,299$11,443$9,580
25 years$32,743$24,958$18,779$13,972$10,297$8,542
26 years$31,147$23,457$17,417$12,775$9,276$7,624
27 years$29,672$22,076$16,173$11,693$8,363$6,810
28 years$28,306$20,802$15,035$10,713$7,546$6,087
29 years$27,035$19,624$13,991$9,824$6,814$5,444
30 years$25,852$18,533$13,032$9,016$6,157$4,872
31 years$24,747$17,520$12,150$8,281$5,566$4,362
32 years$23,713$16,577$11,336$7,610$5,035$3,908
33 years$22,744$15,699$10,584$6,998$4,557$3,502
34 years$21,834$14,879$9,889$6,439$4,126$3,140
35 years$20,977$14,112$9,246$5,927$3,737$2,815
36 years$20,171$13,395$8,649$5,459$3,386$2,525
37 years$19,409$12,722$8,095$5,030$3,068$2,266
38 years$18,689$12,090$7,581$4,636$2,782$2,034
39 years$18,008$11,497$7,103$4,275$2,523$1,826
40 years$17,363$10,938$6,657$3,943$2,288$1,639
41 years$16,751$10,412$6,242$3,638$2,076$1,472
42 years$16,169$9,916$5,856$3,357$1,884$1,322
43 years$15,616$9,448$5,495$3,099$1,710$1,187
44 years$15,089$9,006$5,158$2,861$1,552$1,067
45 years$14,588$8,588$4,843$2,643$1,409$958
46 years$14,109$8,193$4,549$2,441$1,279$861
47 years$13,653$7,818$4,273$2,255$1,161$774
48 years$13,216$7,464$4,016$2,084$1,055$695
49 years$12,799$7,127$3,775$1,926$958$625
50 years$12,400$6,808$3,549$1,780$870$562

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,700,000, adding $6,824 every year, while hoping to spend $56,302 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: 86/8/6 Blend
53$12,700,000$12,700,000$12,700,000$12,700,000
54$14,002,439$13,329,339$13,132,489$15,202,676
55$15,370,783$13,922,572$13,512,522$16,579,102
56$16,876,811$14,542,986$13,903,400$18,082,875
57$18,534,507$15,191,854$14,305,426$19,733,472
58$20,359,281$15,870,508$14,718,911$21,545,627
59$22,368,110$16,580,346$15,144,178$23,535,570
60$24,579,704$17,322,830$15,581,554$25,721,173
61$27,014,677$18,099,492$16,031,380$28,122,123
62$29,695,744$18,911,937$16,494,001$30,760,104
63$32,647,936$19,761,848$16,969,776$33,659,002
64$35,898,833$20,650,985$17,459,070$36,845,126
65$39,478,826$21,581,196$17,962,262$40,347,457
66$43,421,406$22,554,414$18,479,737$44,197,921
67$47,763,475$23,572,666$19,011,894$48,431,686
68$52,545,697$24,638,074$19,559,140$53,087,493
69$57,812,882$25,752,863$20,121,894$58,208,023
70$63,614,406$26,919,364$20,700,588$63,840,295
71$70,004,681$28,140,019$21,295,664$70,036,105
72$77,043,665$29,417,386$21,907,575$76,852,523
73$84,797,428$30,754,147$22,536,788$84,352,417
74$93,338,777$32,153,112$23,183,781$92,605,054
75$102,747,942$33,617,224$23,849,048$101,686,748
76$113,113,333$35,149,569$24,533,092$111,681,577
77$124,532,375$36,753,380$25,236,432$122,682,176
78$137,112,425$38,432,043$25,959,601$134,790,608
79$150,971,790$40,189,111$26,703,145$148,119,327
80$166,240,838$42,028,303$27,467,626$162,792,231
81$183,063,231$43,953,517$28,253,619$178,945,837
82$201,597,282$45,968,841$29,061,717$196,730,560
83$222,017,447$48,078,556$29,892,526$216,312,132
84$244,515,972$50,287,151$30,746,671$237,873,166
85$269,304,707$52,599,327$31,624,791$261,614,871
86$296,617,109$55,020,016$32,527,543$287,758,952
87$326,710,441$57,554,384$33,455,602$316,549,700
88$359,868,201$60,207,844$34,409,661$348,256,289
89$396,402,802$62,986,073$35,390,429$383,175,319
90$436,658,516$65,895,018$36,398,636$421,633,609
91$481,014,725$68,940,915$37,435,031$463,991,277
92$529,889,504$72,130,297$38,500,382$510,645,138
93$583,743,567$75,470,014$39,595,477$562,032,443
94$643,084,611$78,967,246$40,721,126$618,635,001
95$708,472,117$82,629,516$41,878,160$680,983,725
96$780,522,624$86,464,713$43,067,429$749,663,639
97$859,915,552$90,481,105$44,289,809$825,319,391
98$947,399,618$94,687,359$45,546,197$908,661,337
99$1,043,799,898$99,092,558$46,837,513$1,000,472,240
100$1,150,025,619$103,706,226$48,164,702$1,101,614,651