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%17.4%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$982,266
2 years$519,185$509,516$500,145$491,059$482,246$451,824
3 years$342,685$332,974$323,627$314,626$305,956$276,517
4 years$254,453$244,771$235,517$226,670$218,211$189,980
5 years$201,527$191,904$182,771$174,105$165,880$138,934
6 years$166,255$156,704$147,706$139,233$131,255$105,618
7 years$141,070$131,600$122,745$114,471$106,746$82,416
8 years$122,190$112,805$104,097$96,027$88,556$65,518
9 years$107,513$98,217$89,659$81,794$74,577$52,807
10 years$95,779$86,574$78,167$70,507$63,543$43,011
11 years$86,184$77,071$68,817$61,362$54,649$35,319
12 years$78,195$69,175$61,073$53,823$47,358$29,190
13 years$71,439$62,514$54,565$47,517$41,297$24,250
14 years$65,654$56,824$49,027$42,181$36,201$20,231
15 years$60,645$51,909$44,264$37,618$31,874$16,935
16 years$56,266$47,626$40,132$33,683$28,170$14,216
17 years$52,406$43,862$36,519$30,264$24,978$11,962
18 years$48,979$40,530$33,337$27,274$22,209$10,084
19 years$45,916$37,563$30,518$24,644$19,795$8,515
20 years$43,163$34,905$28,008$22,320$17,682$7,200
21 years$40,676$32,513$25,762$20,257$15,823$6,095
22 years$38,417$30,350$23,744$18,418$14,183$5,164
23 years$36,358$28,385$21,923$16,774$12,732$4,379
24 years$34,474$26,595$20,275$15,299$11,443$3,716
25 years$32,743$24,958$18,779$13,972$10,297$3,155
26 years$31,147$23,457$17,417$12,775$9,276$2,680
27 years$29,672$22,076$16,173$11,693$8,363$2,278
28 years$28,306$20,802$15,035$10,713$7,546$1,936
29 years$27,035$19,624$13,991$9,824$6,814$1,647
30 years$25,852$18,533$13,032$9,016$6,157$1,400
31 years$24,747$17,520$12,150$8,281$5,566$1,191
32 years$23,713$16,577$11,336$7,610$5,035$1,014
33 years$22,744$15,699$10,584$6,998$4,557$863
34 years$21,834$14,879$9,889$6,439$4,126$734
35 years$20,977$14,112$9,246$5,927$3,737$625
36 years$20,171$13,395$8,649$5,459$3,386$532
37 years$19,409$12,722$8,095$5,030$3,068$453
38 years$18,689$12,090$7,581$4,636$2,782$386
39 years$18,008$11,497$7,103$4,275$2,523$329
40 years$17,363$10,938$6,657$3,943$2,288$280
41 years$16,751$10,412$6,242$3,638$2,076$238
42 years$16,169$9,916$5,856$3,357$1,884$203
43 years$15,616$9,448$5,495$3,099$1,710$173
44 years$15,089$9,006$5,158$2,861$1,552$147
45 years$14,588$8,588$4,843$2,643$1,409$125
46 years$14,109$8,193$4,549$2,441$1,279$107
47 years$13,653$7,818$4,273$2,255$1,161$91
48 years$13,216$7,464$4,016$2,084$1,055$77
49 years$12,799$7,127$3,775$1,926$958$66
50 years$12,400$6,808$3,549$1,780$870$56

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 $3,243 every year, while hoping to spend $56,110 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: 78/16/6 Blend
53$12,700,000$12,700,000$12,700,000$12,700,000
54$13,998,745$13,325,645$13,128,795$15,083,155
55$15,366,917$13,918,901$13,508,909$16,387,960
56$16,872,761$14,539,346$13,899,876$17,810,872
57$18,530,261$15,188,253$14,302,001$19,369,614
58$20,354,826$15,866,956$14,715,597$21,077,677
59$22,363,433$16,576,851$15,140,983$22,949,906
60$24,574,788$17,319,402$15,578,491$25,002,649
61$27,009,506$18,096,141$16,028,460$27,253,901
62$29,690,299$18,908,676$16,491,237$29,723,480
63$32,642,197$19,758,689$16,967,181$32,433,201
64$35,892,779$20,647,942$17,456,659$35,407,091
65$39,472,433$21,578,282$17,960,049$38,671,605
66$43,414,648$22,551,645$18,477,737$42,255,876
67$47,756,324$23,570,057$19,010,123$46,191,987
68$52,538,123$24,635,644$19,557,615$50,515,271
69$57,804,850$25,750,629$20,120,634$55,264,643
70$63,605,880$26,917,345$20,699,611$60,482,960
71$69,995,621$28,138,237$21,294,989$66,217,428
72$77,034,027$29,415,863$21,907,224$72,520,037
73$84,787,164$30,752,906$22,536,782$79,448,057
74$93,327,835$32,152,178$23,184,144$87,064,566
75$102,736,263$33,616,625$23,849,803$95,439,049
76$113,100,855$35,149,332$24,534,264$104,648,043
77$124,519,028$36,753,535$25,238,048$114,775,861
78$137,098,134$38,432,624$25,961,687$125,915,382
79$150,956,472$40,190,150$26,705,731$138,168,918
80$166,224,401$42,029,836$27,470,742$151,649,185
81$183,045,575$43,955,583$28,257,298$166,480,350
82$201,578,297$45,971,480$29,065,990$182,799,208
83$221,997,012$48,081,812$29,897,430$200,756,463
84$244,493,954$50,291,067$30,752,241$220,518,144
85$269,280,962$52,603,954$31,631,065$242,267,168
86$296,591,476$55,025,404$32,534,562$266,205,062
87$326,682,745$57,560,587$33,463,408$292,553,855
88$359,838,249$60,214,919$34,418,296$321,558,170
89$396,370,381$62,994,081$35,399,940$353,487,524
90$436,623,392$65,904,024$36,409,070$388,638,866
91$480,976,643$68,950,986$37,446,439$427,339,373
92$529,848,182$72,141,505$38,512,816$469,949,529
93$583,698,693$75,482,435$39,608,991$516,866,520
94$643,035,845$78,980,960$40,735,778$568,527,973
95$708,419,083$82,644,609$41,894,008$625,416,081
96$780,464,909$86,481,274$43,084,537$688,062,143
97$859,852,702$90,499,229$44,308,242$757,051,570
98$947,331,132$94,707,146$45,566,022$833,029,400
99$1,043,725,226$99,114,114$46,858,802$916,706,376
100$1,149,944,156$103,729,663$48,187,529$1,008,865,646