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

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 $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%16.5%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,009,122
2 years$531,449$521,552$511,959$502,659$493,637$466,107
3 years$350,780$340,840$331,272$322,058$313,184$286,501
4 years$260,463$250,553$241,081$232,025$223,365$197,736
5 years$206,287$196,437$187,089$178,217$169,799$145,292
6 years$170,182$160,405$151,195$142,522$134,356$110,997
7 years$144,402$134,708$125,644$117,175$109,267$87,057
8 years$125,077$115,470$106,556$98,295$90,648$69,575
9 years$110,053$100,537$91,777$83,726$76,339$56,384
10 years$98,042$88,619$80,013$72,172$65,044$46,183
11 years$88,220$78,892$70,442$62,812$55,940$38,144
12 years$80,042$70,809$62,516$55,094$48,477$31,713
13 years$73,127$63,991$55,854$48,640$42,273$26,506
14 years$67,205$58,166$50,185$43,177$37,056$22,250
15 years$62,077$53,136$45,310$38,506$32,627$18,744
16 years$57,595$48,751$41,080$34,478$28,836$15,837
17 years$53,644$44,898$37,381$30,978$25,568$13,413
18 years$50,136$41,488$34,124$27,918$22,734$11,384
19 years$47,001$38,450$31,239$25,226$20,263$9,678
20 years$44,183$35,730$28,670$22,847$18,099$8,239
21 years$41,637$33,281$26,371$20,735$16,197$7,023
22 years$39,325$31,067$24,305$18,853$14,518$5,993
23 years$37,217$29,056$22,441$17,170$13,032$5,118
24 years$35,288$27,224$20,754$15,660$11,714$4,374
25 years$33,516$25,548$19,223$14,302$10,541$3,740
26 years$31,883$24,011$17,828$13,077$9,495$3,201
27 years$30,373$22,597$16,555$11,969$8,560$2,740
28 years$28,974$21,293$15,390$10,966$7,724$2,346
29 years$27,674$20,088$14,322$10,056$6,975$2,010
30 years$26,462$18,971$13,340$9,229$6,302$1,722
31 years$25,331$17,934$12,436$8,476$5,698$1,476
32 years$24,273$16,969$11,603$7,790$5,154$1,266
33 years$23,281$16,070$10,834$7,164$4,664$1,085
34 years$22,349$15,230$10,123$6,591$4,223$931
35 years$21,473$14,446$9,464$6,067$3,825$798
36 years$20,647$13,711$8,853$5,588$3,466$685
37 years$19,868$13,022$8,287$5,149$3,141$587
38 years$19,131$12,376$7,760$4,746$2,848$504
39 years$18,434$11,768$7,270$4,376$2,582$432
40 years$17,773$11,197$6,815$4,036$2,342$371
41 years$17,146$10,658$6,390$3,724$2,125$318
42 years$16,551$10,150$5,994$3,436$1,928$273
43 years$15,985$9,671$5,624$3,172$1,750$234
44 years$15,446$9,219$5,280$2,929$1,588$201
45 years$14,932$8,791$4,957$2,705$1,442$173
46 years$14,443$8,386$4,656$2,499$1,309$148
47 years$13,975$8,003$4,374$2,309$1,189$127
48 years$13,528$7,640$4,111$2,133$1,080$109
49 years$13,101$7,296$3,864$1,971$981$94
50 years$12,693$6,969$3,632$1,822$891$80

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 $5,638 every year, while hoping to spend $41,477 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: 59/33/8 Blend
53$13,000,000$13,000,000$13,000,000$13,000,000
54$14,331,816$13,642,816$13,441,316$15,151,862
55$15,749,530$14,267,182$13,847,468$16,327,296
56$17,310,460$14,920,753$14,265,837$17,603,129
57$19,029,172$15,604,915$14,696,788$18,993,182
58$20,921,713$16,321,121$15,140,696$20,508,422
59$23,005,768$17,070,896$15,597,949$22,160,909
60$25,300,822$17,855,836$16,068,946$23,963,897
61$27,828,349$18,677,615$16,554,099$25,931,960
62$30,612,009$19,537,987$17,053,830$28,081,125
63$33,677,875$20,438,789$17,568,574$30,429,016
64$37,054,678$21,381,949$18,098,781$32,995,018
65$40,774,078$22,369,487$18,644,912$35,800,452
66$44,870,960$23,403,518$19,207,443$38,868,774
67$49,383,769$24,486,262$19,786,864$42,225,786
68$54,354,867$25,620,042$20,383,678$45,899,880
69$59,830,937$26,807,298$20,998,405$49,922,293
70$65,863,421$28,050,584$21,631,579$54,327,402
71$72,509,004$29,352,576$22,283,751$59,153,034
72$79,830,153$30,716,083$22,955,487$64,440,824
73$87,895,704$32,144,047$23,647,372$70,236,593
74$96,781,512$33,639,551$24,360,005$76,590,779
75$106,571,166$35,205,830$25,094,005$83,558,901
76$117,356,781$36,846,271$25,850,010$91,202,073
77$129,239,861$38,564,427$26,628,674$99,587,580
78$142,332,266$40,364,022$27,430,673$108,789,492
79$156,757,259$42,248,961$28,256,703$118,889,363
80$172,650,675$44,223,336$29,107,478$129,976,987
81$190,162,201$46,291,436$29,983,735$142,151,233
82$209,456,788$48,457,760$30,886,234$155,520,969
83$230,716,213$50,727,022$31,815,754$170,206,079
84$254,140,785$53,104,165$32,773,101$186,338,578
85$279,951,247$55,594,371$33,759,102$204,063,851
86$308,390,852$58,203,073$34,774,609$223,542,008
87$339,727,660$60,935,965$35,820,500$244,949,381
88$374,257,072$63,799,018$36,897,677$268,480,175
89$412,304,616$66,798,492$38,007,072$294,348,285
90$454,229,019$69,940,950$39,149,641$322,789,301
91$500,425,595$73,233,273$40,326,370$354,062,712
92$551,329,976$76,682,674$41,538,274$388,454,337
93$607,422,224$80,296,716$42,786,397$426,279,009
94$669,231,365$84,083,328$44,071,815$467,883,523
95$737,340,378$88,050,825$45,395,634$513,649,891
96$812,391,704$92,207,923$46,758,995$563,998,927
97$895,093,307$96,563,761$48,163,071$619,394,197
98$986,225,360$101,127,920$49,609,070$680,346,369
99$1,086,647,607$105,910,449$51,098,234$747,418,015
100$1,197,307,482$110,921,880$52,631,844$821,228,888