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%14%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,019,465
2 years$531,449$521,552$511,959$502,659$493,637$476,385
3 years$350,780$340,840$331,272$322,058$313,184$296,391
4 years$260,463$250,553$241,081$232,025$223,365$207,160
5 years$206,287$196,437$187,089$178,217$169,799$154,228
6 years$170,182$160,405$151,195$142,522$134,356$119,438
7 years$144,402$134,708$125,644$117,175$109,267$95,006
8 years$125,077$115,470$106,556$98,295$90,648$77,041
9 years$110,053$100,537$91,777$83,726$76,339$63,378
10 years$98,042$88,619$80,013$72,172$65,044$52,720
11 years$88,220$78,892$70,442$62,812$55,940$44,239
12 years$80,042$70,809$62,516$55,094$48,477$37,383
13 years$73,127$63,991$55,854$48,640$42,273$31,770
14 years$67,205$58,166$50,185$43,177$37,056$27,127
15 years$62,077$53,136$45,310$38,506$32,627$23,253
16 years$57,595$48,751$41,080$34,478$28,836$19,997
17 years$53,644$44,898$37,381$30,978$25,568$17,245
18 years$50,136$41,488$34,124$27,918$22,734$14,906
19 years$47,001$38,450$31,239$25,226$20,263$12,910
20 years$44,183$35,730$28,670$22,847$18,099$11,200
21 years$41,637$33,281$26,371$20,735$16,197$9,731
22 years$39,325$31,067$24,305$18,853$14,518$8,465
23 years$37,217$29,056$22,441$17,170$13,032$7,372
24 years$35,288$27,224$20,754$15,660$11,714$6,426
25 years$33,516$25,548$19,223$14,302$10,541$5,605
26 years$31,883$24,011$17,828$13,077$9,495$4,893
27 years$30,373$22,597$16,555$11,969$8,560$4,274
28 years$28,974$21,293$15,390$10,966$7,724$3,736
29 years$27,674$20,088$14,322$10,056$6,975$3,267
30 years$26,462$18,971$13,340$9,229$6,302$2,857
31 years$25,331$17,934$12,436$8,476$5,698$2,500
32 years$24,273$16,969$11,603$7,790$5,154$2,189
33 years$23,281$16,070$10,834$7,164$4,664$1,916
34 years$22,349$15,230$10,123$6,591$4,223$1,678
35 years$21,473$14,446$9,464$6,067$3,825$1,470
36 years$20,647$13,711$8,853$5,588$3,466$1,288
37 years$19,868$13,022$8,287$5,149$3,141$1,128
38 years$19,131$12,376$7,760$4,746$2,848$989
39 years$18,434$11,768$7,270$4,376$2,582$867
40 years$17,773$11,197$6,815$4,036$2,342$760
41 years$17,146$10,658$6,390$3,724$2,125$666
42 years$16,551$10,150$5,994$3,436$1,928$584
43 years$15,985$9,671$5,624$3,172$1,750$512
44 years$15,446$9,219$5,280$2,929$1,588$449
45 years$14,932$8,791$4,957$2,705$1,442$394
46 years$14,443$8,386$4,656$2,499$1,309$345
47 years$13,975$8,003$4,374$2,309$1,189$303
48 years$13,528$7,640$4,111$2,133$1,080$265
49 years$13,101$7,296$3,864$1,971$981$233
50 years$12,693$6,969$3,632$1,822$891$204

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 $4,989 every year, while hoping to spend $41,857 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: 48/31/21 Blend
53$13,000,000$13,000,000$13,000,000$13,000,000
54$14,331,146$13,642,146$13,440,646$14,933,617
55$15,748,388$14,266,076$13,846,372$15,977,770
56$17,308,785$14,919,175$14,264,287$17,106,341
57$19,026,895$15,602,829$14,694,756$18,331,000
58$20,918,760$16,318,490$15,138,152$19,660,785
59$23,002,056$17,067,678$15,594,862$21,105,626
60$25,296,260$17,851,988$16,065,284$22,676,429
61$27,822,835$18,673,092$16,549,827$24,385,180
62$30,605,430$19,532,739$17,048,912$26,245,049
63$33,670,107$20,432,767$17,562,974$28,270,514
64$37,045,583$21,375,097$18,092,459$30,477,487
65$40,763,503$22,361,748$18,637,827$32,883,463
66$44,858,738$23,394,831$19,199,552$35,507,677
67$49,369,713$24,476,562$19,778,121$38,371,281
68$54,338,773$25,609,263$20,374,037$41,497,537
69$59,812,578$26,795,366$20,987,817$44,912,031
70$65,842,544$28,037,423$21,619,992$48,642,905
71$72,485,334$29,338,107$22,271,112$52,721,119
72$79,803,384$30,700,220$22,941,740$57,180,734
73$87,865,498$32,126,699$23,632,458$62,059,226
74$96,747,496$33,620,625$24,343,862$67,397,832
75$106,532,929$35,185,224$25,076,570$73,241,929
76$117,313,868$36,823,880$25,831,215$79,641,459
77$129,191,771$38,540,139$26,608,450$86,651,384
78$142,278,445$40,337,719$27,408,946$94,332,200
79$156,697,097$42,220,518$28,233,397$102,750,496
80$172,583,499$44,192,621$29,082,513$111,979,573
81$190,087,267$46,258,311$29,957,029$122,100,125
82$209,373,278$48,422,078$30,857,699$133,200,989
83$230,623,221$50,688,628$31,785,300$145,379,971
84$254,037,314$53,062,896$32,740,632$158,744,757
85$279,836,197$55,550,054$33,724,520$173,413,917
86$308,263,009$58,155,527$34,737,811$189,518,009
87$339,585,686$60,884,998$35,781,379$207,200,801
88$374,099,492$63,744,429$36,856,121$226,620,608
89$412,129,802$66,740,067$37,962,962$247,951,774
90$454,035,177$69,878,466$39,102,857$271,386,301
91$500,210,746$73,166,492$40,276,784$297,135,642
92$551,091,939$76,611,346$41,485,752$325,432,683
93$607,158,593$80,220,579$42,730,802$356,533,922
94$668,939,488$84,002,106$44,013,002$390,721,865
95$737,017,332$87,964,225$45,333,454$428,307,682
96$812,034,265$92,115,638$46,693,290$469,634,114
97$894,697,922$96,465,466$48,093,677$515,078,692
98$985,788,112$101,023,275$49,535,817$565,057,274
99$1,086,164,177$105,799,093$51,020,944$620,027,950
100$1,196,773,109$110,803,436$52,550,332$680,495,335