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%15.7%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$996,825
2 years$523,273$513,528$504,083$494,925$486,043$462,135
3 years$345,384$335,596$326,175$317,104$308,366$285,162
4 years$256,456$246,699$237,372$228,455$219,929$197,608
5 years$203,114$193,415$184,210$175,476$167,186$145,810
6 years$167,564$157,938$148,869$140,329$132,289$111,880
7 years$142,181$132,636$123,711$115,372$107,586$88,147
8 years$123,152$113,693$104,917$96,783$89,253$70,777
9 years$108,360$98,991$90,365$82,438$75,164$57,636
10 years$96,533$87,255$78,782$71,062$64,044$47,444
11 years$86,863$77,678$69,359$61,845$55,080$39,386
12 years$78,810$69,720$61,554$54,247$47,731$32,917
13 years$72,002$63,006$54,994$47,892$41,622$27,661
14 years$66,171$57,271$49,413$42,513$36,486$23,348
15 years$61,122$52,318$44,613$37,914$32,125$19,779
16 years$56,709$48,001$40,448$33,948$28,392$16,807
17 years$52,819$44,207$36,806$30,502$25,174$14,318
18 years$49,365$40,849$33,599$27,488$22,384$12,223
19 years$46,278$37,859$30,759$24,838$19,951$10,454
20 years$43,503$35,180$28,229$22,496$17,821$8,954
21 years$40,996$32,769$25,965$20,416$15,948$7,679
22 years$38,720$30,589$23,931$18,563$14,295$6,593
23 years$36,645$28,609$22,096$16,906$12,832$5,666
24 years$34,745$26,805$20,435$15,419$11,534$4,873
25 years$33,000$25,155$18,927$14,082$10,378$4,194
26 years$31,392$23,642$17,554$12,875$9,349$3,612
27 years$29,906$22,249$16,300$11,785$8,428$3,112
28 years$28,528$20,966$15,153$10,798$7,605$2,683
29 years$27,248$19,779$14,101$9,902$6,867$2,313
30 years$26,055$18,679$13,135$9,087$6,205$1,995
31 years$24,942$17,658$12,245$8,346$5,610$1,722
32 years$23,900$16,708$11,425$7,670$5,075$1,486
33 years$22,923$15,822$10,668$7,053$4,592$1,283
34 years$22,006$14,996$9,967$6,490$4,158$1,107
35 years$21,143$14,224$9,319$5,974$3,766$956
36 years$20,329$13,500$8,717$5,502$3,412$826
37 years$19,562$12,822$8,159$5,069$3,093$713
38 years$18,837$12,186$7,641$4,673$2,804$616
39 years$18,150$11,587$7,159$4,308$2,543$532
40 years$17,500$11,024$6,710$3,974$2,306$460
41 years$16,882$10,494$6,292$3,666$2,092$397
42 years$16,296$9,994$5,902$3,384$1,898$343
43 years$15,739$9,523$5,538$3,123$1,723$296
44 years$15,208$9,077$5,198$2,884$1,564$256
45 years$14,703$8,656$4,881$2,663$1,420$221
46 years$14,220$8,257$4,584$2,460$1,289$191
47 years$13,760$7,880$4,307$2,273$1,171$165
48 years$13,320$7,522$4,047$2,100$1,063$143
49 years$12,900$7,184$3,804$1,941$965$123
50 years$12,497$6,862$3,577$1,794$877$107

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 $4,121 every year, while hoping to spend $44,344 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: 27/47/26 Blend
53$12,800,000$12,800,000$12,800,000$12,800,000
54$14,109,851$13,431,451$13,233,051$14,375,954
55$15,501,874$14,042,410$13,629,176$15,200,850
56$17,034,397$14,681,820$14,037,086$16,081,783
57$18,721,705$15,351,029$14,457,127$17,026,724
58$20,579,536$16,051,447$14,889,659$18,041,150
59$22,625,236$16,784,554$15,335,049$19,131,049
60$24,877,914$17,551,902$15,793,677$20,302,974
61$27,358,630$18,355,113$16,265,934$21,564,096
62$30,090,588$19,195,892$16,752,221$22,922,269
63$33,099,360$20,076,023$17,252,952$24,386,090
64$36,413,122$20,997,375$17,768,553$25,964,981
65$40,062,922$21,961,909$18,299,462$27,669,264
66$44,082,976$22,971,678$18,846,130$29,510,252
67$48,510,985$24,028,835$19,409,020$31,500,351
68$53,388,494$25,135,637$19,988,611$33,653,161
69$58,761,285$26,294,448$20,585,394$35,983,603
70$64,679,806$27,507,746$21,199,875$38,508,046
71$71,199,650$28,778,129$21,832,575$41,244,450
72$78,382,077$30,108,320$22,484,028$44,212,530
73$86,294,594$31,501,172$23,154,788$47,433,927
74$95,011,589$32,959,677$23,845,421$50,932,403
75$104,615,039$34,486,969$24,556,510$54,734,050
76$115,195,278$36,086,335$25,288,658$58,867,528
77$126,851,850$37,761,219$26,042,482$63,364,322
78$139,694,452$39,515,232$26,818,618$68,259,021
79$153,843,967$41,352,159$27,617,722$73,589,635
80$169,433,603$43,275,967$28,440,468$79,397,935
81$186,610,155$45,290,814$29,287,548$85,729,837
82$205,535,387$47,401,060$30,159,677$92,635,812
83$226,387,559$49,611,274$31,057,589$100,171,351
84$249,363,111$51,926,247$31,982,038$108,397,466
85$274,678,515$54,351,000$32,933,804$117,381,253
86$302,572,322$56,890,798$33,913,685$127,196,500
87$333,307,411$59,551,159$34,922,505$137,924,367
88$367,173,469$62,337,867$35,961,111$149,654,126
89$404,489,729$65,256,989$37,030,374$162,483,988
90$445,607,981$68,314,881$38,131,192$176,521,999
91$490,915,895$71,518,210$39,264,486$191,887,041
92$540,840,676$74,873,963$40,431,207$208,709,926
93$595,853,103$78,389,465$41,632,330$227,134,603
94$656,471,968$82,072,397$42,868,862$247,319,490
95$723,268,976$85,930,811$44,141,835$269,438,942
96$796,874,139$89,973,149$45,452,315$293,684,860
97$877,981,729$94,208,261$46,801,395$320,268,475
98$967,356,825$98,645,425$48,190,201$349,422,306
99$1,065,842,542$103,294,371$49,619,893$381,402,323
100$1,174,367,983$108,165,298$51,091,662$416,490,320