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

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,019,620
2 years$527,361$517,540$508,021$498,792$489,840$480,726
3 years$348,082$338,218$328,723$319,581$310,775$301,873
4 years$258,460$248,626$239,226$230,240$221,647$213,027
5 years$204,701$194,926$185,649$176,846$168,493$160,179
6 years$168,873$159,172$150,032$141,425$133,322$125,327
7 years$143,292$133,672$124,678$116,274$108,427$100,752
8 years$124,114$114,582$105,736$97,539$89,951$82,596
9 years$109,207$99,764$91,071$83,082$75,751$68,715
10 years$97,287$87,937$79,398$71,617$64,544$57,822
11 years$87,542$78,285$69,900$62,328$55,510$49,097
12 years$79,426$70,265$62,035$54,670$48,104$41,994
13 years$72,564$63,499$55,424$48,266$41,947$36,133
14 years$66,688$57,718$49,799$42,845$36,771$31,245
15 years$61,600$52,727$44,962$38,210$32,376$27,131
16 years$57,152$48,376$40,764$34,213$28,614$23,641
17 years$53,231$44,552$37,094$30,740$25,371$20,662
18 years$49,750$41,168$33,862$27,703$22,559$18,105
19 years$46,639$38,154$30,999$25,032$20,107$15,899
20 years$43,843$35,455$28,449$22,671$17,960$13,988
21 years$41,316$33,025$26,168$20,576$16,072$12,327
22 years$39,022$30,828$24,118$18,708$14,407$10,879
23 years$36,931$28,832$22,268$17,038$12,932$9,614
24 years$35,017$27,014$20,595$15,539$11,624$8,504
25 years$33,258$25,351$19,075$14,192$10,460$7,530
26 years$31,638$23,826$17,691$12,976$9,422$6,674
27 years$30,140$22,423$16,427$11,877$8,494$5,919
28 years$28,751$21,129$15,271$10,882$7,665$5,253
29 years$27,461$19,933$14,211$9,979$6,921$4,664
30 years$26,259$18,825$13,237$9,158$6,254$4,144
31 years$25,136$17,796$12,341$8,411$5,654$3,683
32 years$24,086$16,838$11,514$7,730$5,114$3,275
33 years$23,102$15,946$10,751$7,108$4,628$2,913
34 years$22,178$15,113$10,045$6,540$4,190$2,592
35 years$21,308$14,335$9,391$6,021$3,795$2,307
36 years$20,488$13,606$8,785$5,545$3,439$2,054
37 years$19,715$12,922$8,223$5,109$3,117$1,829
38 years$18,984$12,281$7,700$4,709$2,826$1,629
39 years$18,292$11,678$7,214$4,342$2,562$1,451
40 years$17,636$11,111$6,762$4,005$2,324$1,293
41 years$17,014$10,576$6,341$3,695$2,109$1,152
42 years$16,424$10,072$5,948$3,410$1,913$1,027
43 years$15,862$9,597$5,581$3,148$1,736$915
44 years$15,327$9,148$5,239$2,907$1,576$816
45 years$14,817$8,723$4,919$2,684$1,431$727
46 years$14,332$8,322$4,620$2,479$1,299$648
47 years$13,868$7,941$4,341$2,291$1,180$578
48 years$13,424$7,581$4,079$2,117$1,071$515
49 years$13,001$7,240$3,834$1,956$973$459
50 years$12,595$6,916$3,605$1,808$884$410

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 $4,498 every year, while hoping to spend $57,947 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: 57/30/13 Blend
53$12,900,000$12,900,000$12,900,000$12,900,000
54$14,220,440$13,536,740$13,336,790$14,983,945
55$15,609,269$14,138,385$13,721,917$16,102,524
56$17,137,818$14,767,568$14,118,004$17,314,036
57$18,820,274$15,425,579$14,525,356$18,632,815
58$20,672,275$16,113,765$14,944,289$20,069,148
59$22,711,049$16,833,541$15,375,124$21,634,346
60$24,955,579$17,586,387$15,818,193$23,340,844
61$27,426,783$18,373,855$16,273,838$25,202,316
62$30,147,710$19,197,569$16,742,407$27,233,797
63$33,143,759$20,059,233$17,224,260$29,451,826
64$36,442,916$20,960,629$17,719,766$31,874,594
65$40,076,019$21,903,625$18,229,304$34,522,110
66$44,077,051$22,890,181$18,753,264$37,416,388
67$48,483,456$23,922,346$19,292,044$40,581,648
68$53,336,496$25,002,269$19,846,056$44,044,540
69$58,681,640$26,132,201$20,415,720$47,834,391
70$64,568,991$27,314,503$21,001,470$51,983,471
71$71,053,759$28,551,644$21,603,750$56,527,300
72$78,196,783$29,846,216$22,223,017$61,504,969
73$86,065,106$31,200,930$22,859,738$66,959,506
74$94,732,603$32,618,632$23,514,396$72,938,277
75$104,280,684$34,102,301$24,187,483$79,493,422
76$114,799,057$35,655,057$24,879,508$86,682,341
77$126,386,580$37,280,174$25,590,990$94,568,231
78$139,152,188$38,981,079$26,322,465$103,220,669
79$153,215,924$40,761,365$27,074,480$112,716,263
80$168,710,073$42,624,797$27,847,600$123,139,368
81$185,780,408$44,575,319$28,642,403$134,582,869
82$204,587,568$46,617,068$29,459,481$147,149,050
83$225,308,570$48,754,375$30,299,444$160,950,551
84$248,138,487$50,991,782$31,162,918$176,111,416
85$273,292,281$53,334,048$32,050,545$192,768,257
86$301,006,838$55,786,160$32,962,982$211,071,530
87$331,543,200$58,353,347$33,900,906$231,186,940
88$365,189,031$61,041,086$34,865,012$253,297,001
89$402,261,333$63,855,119$35,856,010$277,602,736
90$443,109,435$66,801,466$36,874,632$304,325,565
91$488,118,292$69,886,432$37,921,627$333,709,381
92$537,712,121$73,116,631$38,997,765$366,022,834
93$592,358,402$76,498,991$40,103,835$401,561,856
94$652,572,293$80,040,775$41,240,647$440,652,433
95$718,921,491$83,749,597$42,409,033$483,653,665
96$792,031,592$87,633,436$43,609,844$530,961,141
97$872,591,996$91,700,657$44,843,956$583,010,652
98$961,362,417$95,960,026$46,112,266$640,282,283
99$1,059,180,051$100,420,735$47,415,695$703,304,928
100$1,166,967,482$105,092,417$48,755,186$772,661,257