Can I retire at age 54 with 13,000,000?

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 $13,000,000?

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$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,021,569
2 years$531,449$521,552$511,959$502,659$493,637$478,486
3 years$350,780$340,840$331,272$322,058$313,184$298,423
4 years$260,463$250,553$241,081$232,025$223,365$209,108
5 years$206,287$196,437$187,089$178,217$169,799$156,087
6 years$170,182$160,405$151,195$142,522$134,356$121,205
7 years$144,402$134,708$125,644$117,175$109,267$96,682
8 years$125,077$115,470$106,556$98,295$90,648$78,626
9 years$110,053$100,537$91,777$83,726$76,339$64,875
10 years$98,042$88,619$80,013$72,172$65,044$54,130
11 years$88,220$78,892$70,442$62,812$55,940$45,564
12 years$80,042$70,809$62,516$55,094$48,477$38,627
13 years$73,127$63,991$55,854$48,640$42,273$32,935
14 years$67,205$58,166$50,185$43,177$37,056$28,216
15 years$62,077$53,136$45,310$38,506$32,627$24,270
16 years$57,595$48,751$41,080$34,478$28,836$20,945
17 years$53,644$44,898$37,381$30,978$25,568$18,126
18 years$50,136$41,488$34,124$27,918$22,734$15,724
19 years$47,001$38,450$31,239$25,226$20,263$13,669
20 years$44,183$35,730$28,670$22,847$18,099$11,902
21 years$41,637$33,281$26,371$20,735$16,197$10,380
22 years$39,325$31,067$24,305$18,853$14,518$9,064
23 years$37,217$29,056$22,441$17,170$13,032$7,924
24 years$35,288$27,224$20,754$15,660$11,714$6,934
25 years$33,516$25,548$19,223$14,302$10,541$6,073
26 years$31,883$24,011$17,828$13,077$9,495$5,323
27 years$30,373$22,597$16,555$11,969$8,560$4,668
28 years$28,974$21,293$15,390$10,966$7,724$4,097
29 years$27,674$20,088$14,322$10,056$6,975$3,597
30 years$26,462$18,971$13,340$9,229$6,302$3,159
31 years$25,331$17,934$12,436$8,476$5,698$2,776
32 years$24,273$16,969$11,603$7,790$5,154$2,440
33 years$23,281$16,070$10,834$7,164$4,664$2,145
34 years$22,349$15,230$10,123$6,591$4,223$1,886
35 years$21,473$14,446$9,464$6,067$3,825$1,659
36 years$20,647$13,711$8,853$5,588$3,466$1,460
37 years$19,868$13,022$8,287$5,149$3,141$1,285
38 years$19,131$12,376$7,760$4,746$2,848$1,131
39 years$18,434$11,768$7,270$4,376$2,582$995
40 years$17,773$11,197$6,815$4,036$2,342$876
41 years$17,146$10,658$6,390$3,724$2,125$771
42 years$16,551$10,150$5,994$3,436$1,928$679
43 years$15,985$9,671$5,624$3,172$1,750$598
44 years$15,446$9,219$5,280$2,929$1,588$527
45 years$14,932$8,791$4,957$2,705$1,442$464
46 years$14,443$8,386$4,656$2,499$1,309$408
47 years$13,975$8,003$4,374$2,309$1,189$360
48 years$13,528$7,640$4,111$2,133$1,080$317
49 years$13,101$7,296$3,864$1,971$981$279
50 years$12,693$6,969$3,632$1,822$891$246

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $13,000,000, adding $6,917 every year, while hoping to spend $30,934 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: 52/29/19 Blend
53$13,000,000$13,000,000$13,000,000$13,000,000
54$14,333,135$13,644,135$13,442,635$15,003,280
55$15,762,201$14,279,784$13,860,050$16,100,476
56$17,335,995$14,945,543$14,290,411$17,289,438
57$19,069,247$15,642,855$14,734,120$18,581,998
58$20,978,187$16,373,232$15,191,590$19,987,997
59$23,080,702$17,138,260$15,663,248$21,518,252
60$25,396,499$17,939,600$16,149,532$23,184,648
61$27,947,297$18,778,995$16,650,896$25,000,249
62$30,757,027$19,658,272$17,167,807$26,979,417
63$33,852,062$20,579,345$17,700,747$29,137,940
64$37,261,461$21,544,222$18,250,211$31,493,181
65$41,017,249$22,555,008$18,816,711$34,064,230
66$45,154,713$23,613,908$19,400,776$36,872,085
67$49,712,740$24,723,236$20,002,949$39,939,838
68$54,734,182$25,885,416$20,623,790$43,292,895
69$60,266,259$27,102,993$21,263,877$46,959,200
70$66,361,007$28,378,629$21,923,807$50,969,501
71$73,075,769$29,715,121$22,604,194$55,357,628
72$80,473,734$31,115,399$23,305,671$60,160,807
73$88,624,535$32,582,533$24,028,890$65,420,003
74$97,604,905$34,119,745$24,774,526$71,180,300
75$107,499,404$35,730,411$25,543,272$77,491,317
76$118,401,215$37,418,073$26,335,842$84,407,669
77$130,413,021$39,186,441$27,152,976$91,989,472
78$143,647,981$41,039,407$27,995,432$100,302,904
79$158,230,790$42,981,054$28,863,994$109,420,817
80$174,298,864$45,015,659$29,759,471$119,423,414
81$192,003,630$47,147,708$30,682,695$130,398,998
82$211,511,960$49,381,905$31,634,525$142,444,794
83$233,007,744$51,723,183$32,615,846$155,667,852
84$256,693,627$54,176,713$33,627,571$170,186,048
85$282,792,923$56,747,917$34,670,639$186,129,184
86$311,551,717$59,442,481$35,746,022$203,640,198
87$343,241,197$62,266,367$36,854,719$222,876,500
88$378,160,207$65,225,827$37,997,759$244,011,446
89$416,638,070$68,327,415$39,176,207$267,235,953
90$459,037,700$71,578,005$40,391,156$292,760,292
91$505,759,022$74,984,803$41,643,736$320,816,049
92$557,242,752$78,555,369$42,935,112$351,658,302
93$613,974,557$82,297,626$44,266,482$385,568,002
94$676,489,637$86,219,885$45,639,084$422,854,613
95$745,377,779$90,330,858$47,054,193$463,859,007
96$821,288,927$94,639,685$48,513,123$508,956,666
97$904,939,315$99,155,947$50,017,230$558,561,203
98$997,118,229$103,889,692$51,567,910$613,128,240
99$1,098,695,457$108,851,456$53,166,604$673,159,690
100$1,210,629,504$114,052,288$54,814,796$739,208,468