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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.8%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$980,691
2 years$519,185$509,516$500,145$491,059$482,246$450,271
3 years$342,685$332,974$323,627$314,626$305,956$275,036
4 years$254,453$244,771$235,517$226,670$218,211$188,581
5 years$201,527$191,904$182,771$174,105$165,880$137,621
6 years$166,255$156,704$147,706$139,233$131,255$104,390
7 years$141,070$131,600$122,745$114,471$106,746$81,273
8 years$122,190$112,805$104,097$96,027$88,556$64,457
9 years$107,513$98,217$89,659$81,794$74,577$51,826
10 years$95,779$86,574$78,167$70,507$63,543$42,106
11 years$86,184$77,071$68,817$61,362$54,649$34,487
12 years$78,195$69,175$61,073$53,823$47,358$28,427
13 years$71,439$62,514$54,565$47,517$41,297$23,552
14 years$65,654$56,824$49,027$42,181$36,201$19,594
15 years$60,645$51,909$44,264$37,618$31,874$16,356
16 years$56,266$47,626$40,132$33,683$28,170$13,690
17 years$52,406$43,862$36,519$30,264$24,978$11,486
18 years$48,979$40,530$33,337$27,274$22,209$9,654
19 years$45,916$37,563$30,518$24,644$19,795$8,127
20 years$43,163$34,905$28,008$22,320$17,682$6,851
21 years$40,676$32,513$25,762$20,257$15,823$5,782
22 years$38,417$30,350$23,744$18,418$14,183$4,884
23 years$36,358$28,385$21,923$16,774$12,732$4,128
24 years$34,474$26,595$20,275$15,299$11,443$3,492
25 years$32,743$24,958$18,779$13,972$10,297$2,955
26 years$31,147$23,457$17,417$12,775$9,276$2,502
27 years$29,672$22,076$16,173$11,693$8,363$2,120
28 years$28,306$20,802$15,035$10,713$7,546$1,796
29 years$27,035$19,624$13,991$9,824$6,814$1,522
30 years$25,852$18,533$13,032$9,016$6,157$1,291
31 years$24,747$17,520$12,150$8,281$5,566$1,094
32 years$23,713$16,577$11,336$7,610$5,035$928
33 years$22,744$15,699$10,584$6,998$4,557$787
34 years$21,834$14,879$9,889$6,439$4,126$668
35 years$20,977$14,112$9,246$5,927$3,737$567
36 years$20,171$13,395$8,649$5,459$3,386$481
37 years$19,409$12,722$8,095$5,030$3,068$408
38 years$18,689$12,090$7,581$4,636$2,782$346
39 years$18,008$11,497$7,103$4,275$2,523$294
40 years$17,363$10,938$6,657$3,943$2,288$249
41 years$16,751$10,412$6,242$3,638$2,076$212
42 years$16,169$9,916$5,856$3,357$1,884$180
43 years$15,616$9,448$5,495$3,099$1,710$152
44 years$15,089$9,006$5,158$2,861$1,552$129
45 years$14,588$8,588$4,843$2,643$1,409$110
46 years$14,109$8,193$4,549$2,441$1,279$93
47 years$13,653$7,818$4,273$2,255$1,161$79
48 years$13,216$7,464$4,016$2,084$1,055$67
49 years$12,799$7,127$3,775$1,926$958$57
50 years$12,400$6,808$3,549$1,780$870$48

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 $6,249 every year, while hoping to spend $43,785 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: 77/15/8 Blend
53$12,700,000$12,700,000$12,700,000$12,700,000
54$14,001,846$13,328,746$13,131,896$15,063,579
55$15,383,447$13,935,267$13,525,227$16,368,577
56$16,904,504$14,570,041$13,930,268$17,792,755
57$18,579,196$15,234,405$14,347,364$19,352,955
58$20,423,144$15,929,761$14,776,871$21,062,683
59$22,453,565$16,657,580$15,219,156$22,936,809
60$24,689,427$17,419,400$15,674,597$24,991,703
61$27,151,634$18,216,835$16,143,581$27,245,388
62$29,863,218$19,051,578$16,626,508$29,717,707
63$32,849,560$19,925,399$17,123,790$32,430,510
64$36,138,628$20,840,157$17,635,850$35,407,857
65$39,761,242$21,797,798$18,163,125$38,676,241
66$43,751,361$22,800,362$18,706,062$42,264,837
67$48,146,408$23,849,988$19,265,123$46,205,775
68$52,987,620$24,948,916$19,840,783$50,534,438
69$58,320,440$26,099,496$20,433,532$55,289,796
70$64,194,942$27,304,189$21,043,873$60,514,768
71$70,666,307$28,565,574$21,672,323$66,256,626
72$77,795,341$29,886,358$22,319,416$72,567,437
73$85,649,049$31,269,373$22,985,701$79,504,549
74$94,301,272$32,717,592$23,671,741$87,131,132
75$103,833,375$34,234,128$24,378,118$95,516,768
76$114,335,025$35,822,245$25,105,431$104,738,103
77$125,905,028$37,485,366$25,854,293$114,879,571
78$138,652,268$39,227,076$26,625,339$126,034,180
79$152,696,732$41,051,135$27,419,220$138,304,388
80$168,170,642$42,961,484$28,236,608$151,803,068
81$185,219,704$44,962,254$29,078,191$166,654,565
82$204,004,484$47,057,774$29,944,680$182,995,864
83$224,701,921$49,252,585$30,836,807$200,977,883
84$247,506,999$51,551,444$31,755,322$220,766,882
85$272,634,589$53,959,340$32,701,001$242,546,037
86$300,321,471$56,481,502$33,674,639$266,517,156
87$330,828,577$59,123,412$34,677,055$292,902,581
88$364,443,449$61,890,817$35,709,094$321,947,275
89$401,482,955$64,789,740$36,771,622$353,921,134
90$442,296,277$67,826,498$37,865,532$389,121,522
91$487,268,213$71,007,713$38,991,744$427,876,073
92$536,822,805$74,340,325$40,151,201$470,545,774
93$591,427,342$77,831,612$41,344,877$517,528,364
94$651,596,773$81,489,203$42,573,773$569,262,082
95$717,898,567$85,321,097$43,838,917$626,229,793
96$790,958,070$89,335,680$45,141,370$688,963,535
97$871,464,409$93,541,743$46,482,222$758,049,532
98$960,176,995$97,948,506$47,862,593$834,133,722
99$1,057,932,697$102,565,631$49,283,638$917,927,835
100$1,165,653,736$107,403,251$50,746,544$1,010,216,107