Can I retire at age 54 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$987,227
2 years$523,273$513,528$504,083$494,925$486,043$452,649
3 years$345,384$335,596$326,175$317,104$308,366$276,089
4 years$256,456$246,699$237,372$228,455$219,929$189,016
5 years$203,114$193,415$184,210$175,476$167,186$137,721
6 years$167,564$157,938$148,869$140,329$132,289$104,294
7 years$142,181$132,636$123,711$115,372$107,586$81,059
8 years$123,152$113,693$104,917$96,783$89,253$64,174
9 years$108,360$98,991$90,365$82,438$75,164$51,504
10 years$96,533$87,255$78,782$71,062$64,044$41,766
11 years$86,863$77,678$69,359$61,845$55,080$34,142
12 years$78,810$69,720$61,554$54,247$47,731$28,087
13 years$72,002$63,006$54,994$47,892$41,622$23,223
14 years$66,171$57,271$49,413$42,513$36,486$19,279
15 years$61,122$52,318$44,613$37,914$32,125$16,059
16 years$56,709$48,001$40,448$33,948$28,392$13,413
17 years$52,819$44,207$36,806$30,502$25,174$11,228
18 years$49,365$40,849$33,599$27,488$22,384$9,417
19 years$46,278$37,859$30,759$24,838$19,951$7,910
20 years$43,503$35,180$28,229$22,496$17,821$6,652
21 years$40,996$32,769$25,965$20,416$15,948$5,601
22 years$38,720$30,589$23,931$18,563$14,295$4,720
23 years$36,645$28,609$22,096$16,906$12,832$3,980
24 years$34,745$26,805$20,435$15,419$11,534$3,359
25 years$33,000$25,155$18,927$14,082$10,378$2,836
26 years$31,392$23,642$17,554$12,875$9,349$2,395
27 years$29,906$22,249$16,300$11,785$8,428$2,024
28 years$28,528$20,966$15,153$10,798$7,605$1,711
29 years$27,248$19,779$14,101$9,902$6,867$1,447
30 years$26,055$18,679$13,135$9,087$6,205$1,223
31 years$24,942$17,658$12,245$8,346$5,610$1,035
32 years$23,900$16,708$11,425$7,670$5,075$875
33 years$22,923$15,822$10,668$7,053$4,592$741
34 years$22,006$14,996$9,967$6,490$4,158$627
35 years$21,143$14,224$9,319$5,974$3,766$530
36 years$20,329$13,500$8,717$5,502$3,412$449
37 years$19,562$12,822$8,159$5,069$3,093$380
38 years$18,837$12,186$7,641$4,673$2,804$322
39 years$18,150$11,587$7,159$4,308$2,543$272
40 years$17,500$11,024$6,710$3,974$2,306$230
41 years$16,882$10,494$6,292$3,666$2,092$195
42 years$16,296$9,994$5,902$3,384$1,898$165
43 years$15,739$9,523$5,538$3,123$1,723$140
44 years$15,208$9,077$5,198$2,884$1,564$118
45 years$14,703$8,656$4,881$2,663$1,420$100
46 years$14,220$8,257$4,584$2,460$1,289$85
47 years$13,760$7,880$4,307$2,273$1,171$72
48 years$13,320$7,522$4,047$2,100$1,063$61
49 years$12,900$7,184$3,804$1,941$965$52
50 years$12,497$6,862$3,577$1,794$877$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,800,000, adding $4,245 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: 48/39/13 Blend
53$12,800,000$12,800,000$12,800,000$12,800,000
54$14,109,979$13,431,579$13,233,179$14,736,234
55$15,500,535$14,041,064$13,627,829$15,777,994
56$17,031,395$14,678,882$14,034,166$16,903,400
57$18,716,822$15,346,372$14,452,535$18,124,324
58$20,572,531$16,044,937$14,883,288$19,449,702
59$22,615,840$16,776,050$15,326,790$20,889,345
60$24,865,831$17,541,252$15,783,413$22,454,028
61$27,343,532$18,342,160$16,253,543$24,155,586
62$30,072,112$19,180,465$16,737,576$26,007,020
63$33,077,102$20,057,943$17,235,920$28,022,618
64$36,386,637$20,976,452$17,748,994$30,218,077
65$40,031,718$21,937,943$18,277,229$32,610,652
66$44,046,507$22,944,456$18,821,071$35,219,309
67$48,468,649$23,998,132$19,380,974$38,064,897
68$53,339,625$25,101,214$19,957,411$41,170,338
69$58,705,147$26,256,054$20,550,864$44,560,840
70$64,615,585$27,465,114$21,161,831$48,264,123
71$71,126,448$28,730,977$21,790,825$52,310,671
72$78,298,900$30,056,350$22,438,373$56,734,019
73$86,200,346$31,444,069$23,105,017$61,571,052
74$94,905,061$32,897,108$23,791,314$66,862,352
75$104,494,893$34,418,582$24,497,839$72,652,565
76$115,060,038$36,011,759$25,225,182$78,990,817
77$126,699,887$37,680,060$25,973,952$85,931,165
78$139,523,969$39,427,077$26,744,772$93,533,096
79$153,652,979$41,256,568$27,538,287$101,862,080
80$169,219,921$43,172,478$28,355,158$110,990,172
81$186,371,363$45,178,940$29,196,065$120,996,683
82$205,268,818$47,280,284$30,061,710$131,968,915
83$226,090,273$49,481,054$30,952,813$144,002,969
84$249,031,863$51,786,008$31,870,115$157,204,641
85$274,309,728$54,200,137$32,814,378$171,690,404
86$302,162,048$56,728,671$33,786,387$187,588,491
87$332,851,296$59,377,095$34,786,950$205,040,093
88$366,666,711$62,151,156$35,816,896$224,200,670
89$403,927,034$65,056,880$36,877,080$245,241,401
90$444,983,509$68,100,585$37,968,380$268,350,784
91$490,223,206$71,288,893$39,091,700$293,736,395
92$540,072,671$74,628,747$40,247,970$321,626,825
93$595,001,952$78,127,424$41,438,146$352,273,818
94$655,529,039$81,792,555$42,663,211$385,954,622
95$722,224,750$85,632,140$43,924,178$422,974,587
96$795,718,124$89,654,564$45,222,088$463,670,021
97$876,702,356$93,868,621$46,558,010$508,411,336
98$965,941,340$98,283,527$47,933,047$557,606,523
99$1,064,276,883$102,908,946$49,348,331$611,704,969
100$1,172,636,652$107,755,012$50,805,028$671,201,676