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

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$992,795
2 years$523,273$513,528$504,083$494,925$486,043$458,142
3 years$345,384$335,596$326,175$317,104$308,366$281,333
4 years$256,456$246,699$237,372$228,455$219,929$193,973
5 years$203,114$193,415$184,210$175,476$167,186$142,378
6 years$167,564$157,938$148,869$140,329$132,289$108,651
7 years$142,181$132,636$123,711$115,372$107,586$85,121
8 years$123,152$113,693$104,917$96,783$89,253$67,948
9 years$108,360$98,991$90,365$82,438$75,164$54,999
10 years$96,533$87,255$78,782$71,062$64,044$44,992
11 years$86,863$77,678$69,359$61,845$55,080$37,113
12 years$78,810$69,720$61,554$54,247$47,731$30,815
13 years$72,002$63,006$54,994$47,892$41,622$25,721
14 years$66,171$57,271$49,413$42,513$36,486$21,562
15 years$61,122$52,318$44,613$37,914$32,125$18,139
16 years$56,709$48,001$40,448$33,948$28,392$15,303
17 years$52,819$44,207$36,806$30,502$25,174$12,942
18 years$49,365$40,849$33,599$27,488$22,384$10,968
19 years$46,278$37,859$30,759$24,838$19,951$9,310
20 years$43,503$35,180$28,229$22,496$17,821$7,914
21 years$40,996$32,769$25,965$20,416$15,948$6,736
22 years$38,720$30,589$23,931$18,563$14,295$5,738
23 years$36,645$28,609$22,096$16,906$12,832$4,893
24 years$34,745$26,805$20,435$15,419$11,534$4,175
25 years$33,000$25,155$18,927$14,082$10,378$3,565
26 years$31,392$23,642$17,554$12,875$9,349$3,045
27 years$29,906$22,249$16,300$11,785$8,428$2,603
28 years$28,528$20,966$15,153$10,798$7,605$2,225
29 years$27,248$19,779$14,101$9,902$6,867$1,903
30 years$26,055$18,679$13,135$9,087$6,205$1,628
31 years$24,942$17,658$12,245$8,346$5,610$1,393
32 years$23,900$16,708$11,425$7,670$5,075$1,192
33 years$22,923$15,822$10,668$7,053$4,592$1,021
34 years$22,006$14,996$9,967$6,490$4,158$874
35 years$21,143$14,224$9,319$5,974$3,766$748
36 years$20,329$13,500$8,717$5,502$3,412$641
37 years$19,562$12,822$8,159$5,069$3,093$549
38 years$18,837$12,186$7,641$4,673$2,804$470
39 years$18,150$11,587$7,159$4,308$2,543$403
40 years$17,500$11,024$6,710$3,974$2,306$345
41 years$16,882$10,494$6,292$3,666$2,092$295
42 years$16,296$9,994$5,902$3,384$1,898$253
43 years$15,739$9,523$5,538$3,123$1,723$217
44 years$15,208$9,077$5,198$2,884$1,564$186
45 years$14,703$8,656$4,881$2,663$1,420$159
46 years$14,220$8,257$4,584$2,460$1,289$136
47 years$13,760$7,880$4,307$2,273$1,171$117
48 years$13,320$7,522$4,047$2,100$1,063$100
49 years$12,900$7,184$3,804$1,941$965$86
50 years$12,497$6,862$3,577$1,794$877$73

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 $3,115 every year, while hoping to spend $27,448 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: 37/39/24 Blend
53$12,800,000$12,800,000$12,800,000$12,800,000
54$14,108,813$13,430,413$13,232,013$14,529,104
55$15,518,708$14,059,299$13,646,081$15,466,067
56$17,071,491$14,718,080$14,073,100$16,474,690
57$18,781,710$15,408,193$14,513,476$17,563,639
58$20,665,392$16,131,142$14,967,625$18,740,168
59$22,740,201$16,888,506$15,435,979$20,012,232
60$25,025,598$17,681,940$15,918,981$21,388,553
61$27,543,032$18,513,177$16,417,089$22,878,699
62$30,316,135$19,384,038$16,930,776$24,493,169
63$33,370,952$20,296,427$17,460,529$26,243,482
64$36,736,182$21,252,344$18,006,849$28,142,281
65$40,443,449$22,253,885$18,570,255$30,203,449
66$44,527,603$23,303,248$19,151,280$32,442,225
67$49,027,046$24,402,735$19,750,476$34,875,348
68$53,984,098$25,554,762$20,368,410$37,521,201
69$59,445,392$26,761,862$21,005,668$40,399,981
70$65,462,318$28,026,689$21,662,854$43,533,877
71$72,091,506$29,352,028$22,340,591$46,947,272
72$79,395,360$30,740,798$23,039,522$50,666,966
73$87,442,649$32,196,059$23,760,307$54,722,414
74$96,309,153$33,721,020$24,503,632$59,145,998
75$106,078,383$35,319,046$25,270,199$63,973,319
76$116,842,363$36,993,664$26,060,736$69,243,523
77$128,702,505$38,748,574$26,875,991$74,999,659
78$141,770,561$40,587,655$27,716,738$81,289,071
79$156,169,681$42,514,974$28,583,772$88,163,835
80$172,035,575$44,534,794$29,477,915$95,681,232
81$189,517,793$46,651,588$30,400,014$103,904,280
82$208,781,137$48,870,045$31,350,944$112,902,311
83$230,007,217$51,195,080$32,331,604$122,751,609
84$253,396,164$53,631,851$33,342,924$133,536,115
85$279,168,522$56,185,761$34,385,861$145,348,204
86$307,567,329$58,862,481$35,461,405$158,289,535
87$338,860,408$61,667,953$36,570,573$172,471,997
88$373,342,898$64,608,412$37,714,417$188,018,739
89$411,340,043$67,690,394$38,894,019$205,065,319
90$453,210,257$70,920,752$40,110,497$223,760,958
91$499,348,507$74,306,673$41,365,004$244,269,927
92$550,190,050$77,855,696$42,658,726$266,773,075
93$606,214,532$81,575,722$43,992,891$291,469,512
94$667,950,522$85,475,040$45,368,760$318,578,459
95$735,980,500$89,562,340$46,787,637$348,341,296
96$810,946,354$93,846,738$48,250,866$381,023,809
97$893,555,444$98,337,791$49,759,833$416,918,671
98$984,587,277$103,045,520$51,315,965$456,348,173
99$1,084,900,867$107,980,438$52,920,737$499,667,234
100$1,195,442,841$113,153,566$54,575,668$547,266,719