Can I retire at age 54 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,013,710
2 years$527,361$517,540$508,021$498,792$489,840$474,806
3 years$348,082$338,218$328,723$319,581$310,775$296,127
4 years$258,460$248,626$239,226$230,240$221,647$207,500
5 years$204,701$194,926$185,649$176,846$168,493$154,886
6 years$168,873$159,172$150,032$141,425$133,322$120,273
7 years$143,292$133,672$124,678$116,274$108,427$95,938
8 years$124,114$114,582$105,736$97,539$89,951$78,021
9 years$109,207$99,764$91,071$83,082$75,751$64,376
10 years$97,287$87,937$79,398$71,617$64,544$53,713
11 years$87,542$78,285$69,900$62,328$55,510$45,214
12 years$79,426$70,265$62,035$54,670$48,104$38,330
13 years$72,564$63,499$55,424$48,266$41,947$32,682
14 years$66,688$57,718$49,799$42,845$36,771$27,999
15 years$61,600$52,727$44,962$38,210$32,376$24,083
16 years$57,152$48,376$40,764$34,213$28,614$20,783
17 years$53,231$44,552$37,094$30,740$25,371$17,986
18 years$49,750$41,168$33,862$27,703$22,559$15,603
19 years$46,639$38,154$30,999$25,032$20,107$13,563
20 years$43,843$35,455$28,449$22,671$17,960$11,811
21 years$41,316$33,025$26,168$20,576$16,072$10,300
22 years$39,022$30,828$24,118$18,708$14,407$8,995
23 years$36,931$28,832$22,268$17,038$12,932$7,863
24 years$35,017$27,014$20,595$15,539$11,624$6,881
25 years$33,258$25,351$19,075$14,192$10,460$6,027
26 years$31,638$23,826$17,691$12,976$9,422$5,282
27 years$30,140$22,423$16,427$11,877$8,494$4,633
28 years$28,751$21,129$15,271$10,882$7,665$4,065
29 years$27,461$19,933$14,211$9,979$6,921$3,569
30 years$26,259$18,825$13,237$9,158$6,254$3,135
31 years$25,136$17,796$12,341$8,411$5,654$2,754
32 years$24,086$16,838$11,514$7,730$5,114$2,421
33 years$23,102$15,946$10,751$7,108$4,628$2,129
34 years$22,178$15,113$10,045$6,540$4,190$1,872
35 years$21,308$14,335$9,391$6,021$3,795$1,647
36 years$20,488$13,606$8,785$5,545$3,439$1,449
37 years$19,715$12,922$8,223$5,109$3,117$1,275
38 years$18,984$12,281$7,700$4,709$2,826$1,122
39 years$18,292$11,678$7,214$4,342$2,562$987
40 years$17,636$11,111$6,762$4,005$2,324$869
41 years$17,014$10,576$6,341$3,695$2,109$765
42 years$16,424$10,072$5,948$3,410$1,913$674
43 years$15,862$9,597$5,581$3,148$1,736$593
44 years$15,327$9,148$5,239$2,907$1,576$522
45 years$14,817$8,723$4,919$2,684$1,431$460
46 years$14,332$8,322$4,620$2,479$1,299$405
47 years$13,868$7,941$4,341$2,291$1,180$357
48 years$13,424$7,581$4,079$2,117$1,071$314
49 years$13,001$7,240$3,834$1,956$973$277
50 years$12,595$6,916$3,605$1,808$884$244

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,900,000, adding $6,924 every year, while hoping to spend $28,021 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: 75/19/6 Blend
53$12,900,000$12,900,000$12,900,000$12,900,000
54$14,222,942$13,539,242$13,339,292$15,280,310
55$15,643,868$14,172,851$13,756,344$16,610,097
56$17,208,789$14,836,567$14,186,429$18,062,542
57$18,932,364$15,531,837$14,629,952$19,653,238
58$20,830,744$16,260,176$15,087,334$21,395,865
59$22,921,728$17,023,172$15,559,008$23,305,475
60$25,224,929$17,822,493$16,045,419$25,398,639
61$27,761,960$18,659,883$16,547,029$27,693,596
62$30,556,636$19,537,174$17,064,312$30,210,425
63$33,635,203$20,456,286$17,597,756$32,971,230
64$37,026,581$21,419,230$18,147,867$36,000,346
65$40,762,637$22,428,118$18,715,166$39,324,565
66$44,878,490$23,485,160$19,300,188$42,973,387
67$49,412,839$24,592,676$19,903,488$46,979,292
68$54,408,330$25,753,098$20,525,636$51,378,048
69$59,911,955$26,968,975$21,167,220$56,209,038
70$65,975,500$28,242,980$21,828,847$61,515,635
71$72,656,031$29,577,916$22,511,143$67,345,600
72$80,016,433$30,976,722$23,214,754$73,751,535
73$88,126,006$32,442,477$23,940,345$80,791,370
74$97,061,113$33,978,414$24,688,601$88,528,908
75$106,905,909$35,587,918$25,460,232$97,034,419
76$117,753,128$37,274,542$26,255,965$106,385,303
77$129,704,961$39,042,009$27,076,554$116,666,810
78$142,874,024$40,894,224$27,922,775$127,972,843
79$157,384,414$42,835,281$28,795,428$140,406,834
80$173,372,887$44,869,472$29,695,338$154,082,719
81$190,990,145$47,001,300$30,623,356$169,126,003
82$210,402,261$49,235,484$31,580,358$185,674,940
83$231,792,242$51,576,974$32,567,251$203,881,829
84$255,361,763$54,030,958$33,584,966$223,914,447
85$281,333,067$56,602,879$34,634,467$245,957,621
86$309,951,062$59,298,443$35,716,744$270,214,969
87$341,485,637$62,123,633$36,832,821$296,910,807
88$376,234,205$65,084,723$37,983,754$326,292,265
89$414,524,513$68,188,294$39,170,629$358,631,605
90$456,717,736$71,441,244$40,394,568$394,228,783
91$503,211,888$74,850,808$41,656,729$433,414,271
92$554,445,575$78,424,572$42,958,304$476,552,162
93$610,902,140$82,170,492$44,300,523$524,043,603
94$673,114,222$86,096,910$45,684,654$576,330,561
95$741,668,789$90,212,574$47,112,006$633,899,990
96$817,212,674$94,526,659$48,583,927$697,288,411
97$900,458,686$99,048,785$50,101,808$767,086,963
98$992,192,337$103,789,040$51,667,083$843,946,971
99$1,093,279,256$108,758,003$53,281,231$928,586,080
100$1,204,673,364$113,966,770$54,945,777$1,021,795,012