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%11.1%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,023,899
2 years$527,361$517,540$508,021$498,792$489,840$485,030
3 years$348,082$338,218$328,723$319,581$310,775$306,069
4 years$258,460$248,626$239,226$230,240$221,647$217,082
5 years$204,701$194,926$185,649$176,846$168,493$164,081
6 years$168,873$159,172$150,032$141,425$133,322$129,071
7 years$143,292$133,672$124,678$116,274$108,427$104,337
8 years$124,114$114,582$105,736$97,539$89,951$86,022
9 years$109,207$99,764$91,071$83,082$75,751$71,984
10 years$97,287$87,937$79,398$71,617$64,544$60,936
11 years$87,542$78,285$69,900$62,328$55,510$52,060
12 years$79,426$70,265$62,035$54,670$48,104$44,808
13 years$72,564$63,499$55,424$48,266$41,947$38,803
14 years$66,688$57,718$49,799$42,845$36,771$33,774
15 years$61,600$52,727$44,962$38,210$32,376$29,523
16 years$57,152$48,376$40,764$34,213$28,614$25,901
17 years$53,231$44,552$37,094$30,740$25,371$22,794
18 years$49,750$41,168$33,862$27,703$22,559$20,114
19 years$46,639$38,154$30,999$25,032$20,107$17,790
20 years$43,843$35,455$28,449$22,671$17,960$15,766
21 years$41,316$33,025$26,168$20,576$16,072$13,997
22 years$39,022$30,828$24,118$18,708$14,407$12,445
23 years$36,931$28,832$22,268$17,038$12,932$11,080
24 years$35,017$27,014$20,595$15,539$11,624$9,877
25 years$33,258$25,351$19,075$14,192$10,460$8,814
26 years$31,638$23,826$17,691$12,976$9,422$7,872
27 years$30,140$22,423$16,427$11,877$8,494$7,037
28 years$28,751$21,129$15,271$10,882$7,665$6,295
29 years$27,461$19,933$14,211$9,979$6,921$5,635
30 years$26,259$18,825$13,237$9,158$6,254$5,047
31 years$25,136$17,796$12,341$8,411$5,654$4,523
32 years$24,086$16,838$11,514$7,730$5,114$4,055
33 years$23,102$15,946$10,751$7,108$4,628$3,637
34 years$22,178$15,113$10,045$6,540$4,190$3,263
35 years$21,308$14,335$9,391$6,021$3,795$2,928
36 years$20,488$13,606$8,785$5,545$3,439$2,629
37 years$19,715$12,922$8,223$5,109$3,117$2,361
38 years$18,984$12,281$7,700$4,709$2,826$2,121
39 years$18,292$11,678$7,214$4,342$2,562$1,905
40 years$17,636$11,111$6,762$4,005$2,324$1,712
41 years$17,014$10,576$6,341$3,695$2,109$1,539
42 years$16,424$10,072$5,948$3,410$1,913$1,383
43 years$15,862$9,597$5,581$3,148$1,736$1,243
44 years$15,327$9,148$5,239$2,907$1,576$1,118
45 years$14,817$8,723$4,919$2,684$1,431$1,005
46 years$14,332$8,322$4,620$2,479$1,299$904
47 years$13,868$7,941$4,341$2,291$1,180$813
48 years$13,424$7,581$4,079$2,117$1,071$731
49 years$13,001$7,240$3,834$1,956$973$658
50 years$12,595$6,916$3,605$1,808$884$592

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 $5,684 every year, while hoping to spend $58,961 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: 85/6/9 Blend
53$12,900,000$12,900,000$12,900,000$12,900,000
54$14,221,663$13,537,963$13,338,013$15,413,603
55$15,609,539$14,138,589$13,722,102$16,793,512
56$17,137,001$14,766,670$14,117,083$18,300,740
57$18,818,227$15,423,488$14,523,256$19,954,853
58$20,668,835$16,110,388$14,940,934$21,770,596
59$22,706,036$16,828,777$15,370,436$23,764,209
60$24,948,795$17,580,130$15,812,088$25,953,579
61$27,418,007$18,365,992$16,266,229$28,358,408
62$30,136,699$19,187,980$16,733,202$31,000,398
63$33,130,242$20,047,791$17,213,364$33,903,456
64$36,426,594$20,947,200$17,707,079$37,093,916
65$40,056,562$21,888,068$18,214,721$40,600,785
66$44,054,091$22,872,343$18,736,675$44,456,020
67$48,456,589$23,902,069$19,273,334$48,694,826
68$53,305,274$24,979,384$19,825,104$53,355,984
69$58,645,568$26,106,529$20,392,401$58,482,221
70$64,527,522$27,285,855$20,975,652$64,120,607
71$71,006,288$28,519,820$21,575,295$70,323,001
72$78,142,642$29,811,005$22,191,780$77,146,534
73$86,003,557$31,162,109$22,825,570$84,654,153
74$94,662,831$32,575,964$23,477,138$92,915,209
75$104,201,789$34,055,535$24,146,971$102,006,110
76$114,710,046$35,603,931$24,835,569$112,011,040
77$126,286,355$37,224,408$25,543,445$123,022,756
78$139,039,538$38,920,378$26,271,125$135,143,455
79$153,089,513$40,695,419$27,019,150$148,485,738
80$168,568,425$42,553,277$27,788,074$163,173,676
81$185,621,896$44,497,878$28,578,465$179,343,971
82$204,410,394$46,533,340$29,390,909$197,147,249
83$225,110,754$48,663,973$30,226,004$216,749,478
84$247,917,842$50,894,298$31,084,366$238,333,530
85$273,046,394$53,229,052$31,966,625$262,100,908
86$300,733,049$55,673,198$32,873,430$288,273,643
87$331,238,574$58,231,938$33,805,443$317,096,385
88$364,850,331$60,910,726$34,763,348$348,838,714
89$401,884,988$63,715,275$35,747,844$383,797,678
90$442,691,508$66,651,574$36,759,648$422,300,595
91$487,654,442$69,725,901$37,799,496$464,708,136
92$537,197,559$72,944,835$38,868,143$511,417,734
93$591,787,849$76,315,271$39,966,365$562,867,322
94$651,939,927$79,844,437$41,094,956$619,539,470
95$718,220,893$83,539,908$42,254,730$681,965,934
96$791,255,685$87,409,624$43,446,525$750,732,671
97$871,732,978$91,461,909$44,671,197$826,485,368
98$960,411,685$95,705,486$45,929,625$909,935,530
99$1,058,128,122$100,149,499$47,222,712$1,001,867,194
100$1,165,803,900$104,803,534$48,551,382$1,103,144,323