Can I retire at age 54 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,023,746
2 years$543,714$533,587$523,774$514,258$505,029$468,319
3 years$358,875$348,705$338,916$329,490$320,411$284,960
4 years$266,474$256,335$246,644$237,379$228,520$194,598
5 years$211,048$200,970$191,406$182,330$173,717$141,414
6 years$174,109$164,107$154,685$145,811$137,456$106,798
7 years$147,735$137,817$128,544$119,879$111,789$82,768
8 years$127,963$118,135$109,015$100,564$92,740$65,334
9 years$112,593$102,857$93,895$85,658$78,100$52,275
10 years$100,304$90,664$81,860$73,838$66,545$42,257
11 years$90,256$80,713$72,068$64,261$57,231$34,432
12 years$81,889$72,443$63,958$56,366$49,595$28,231
13 years$74,814$65,468$57,143$49,762$43,248$23,263
14 years$68,756$59,508$51,343$44,173$37,911$19,246
15 years$63,510$54,362$46,356$39,395$33,380$15,974
16 years$58,924$49,876$42,028$35,274$29,501$13,294
17 years$54,882$45,934$38,244$31,693$26,158$11,088
18 years$51,293$42,445$34,912$28,562$23,258$9,264
19 years$48,086$39,338$31,960$25,808$20,731$7,752
20 years$45,202$36,554$29,331$23,374$18,517$6,495
21 years$42,597$34,049$26,979$21,214$16,571$5,447
22 years$40,232$31,783$24,866$19,288$14,853$4,572
23 years$38,076$29,726$22,959$17,566$13,333$3,841
24 years$36,102$27,852$21,233$16,021$11,984$3,228
25 years$34,289$26,137$19,666$14,632$10,784$2,715
26 years$32,619$24,565$18,239$13,378$9,714$2,284
27 years$31,074$23,119$16,937$12,246$8,758$1,922
28 years$29,643$21,784$15,745$11,220$7,902$1,618
29 years$28,312$20,551$14,652$10,289$7,136$1,363
30 years$27,073$19,408$13,648$9,442$6,447$1,148
31 years$25,916$18,347$12,723$8,672$5,829$967
32 years$24,833$17,360$11,871$7,970$5,273$814
33 years$23,818$16,441$11,084$7,329$4,772$686
34 years$22,865$15,582$10,356$6,743$4,320$578
35 years$21,968$14,779$9,683$6,208$3,913$487
36 years$21,123$14,028$9,058$5,717$3,546$411
37 years$20,326$13,323$8,478$5,267$3,213$346
38 years$19,572$12,662$7,939$4,855$2,913$292
39 years$18,859$12,040$7,438$4,477$2,642$246
40 years$18,183$11,455$6,972$4,129$2,396$207
41 years$17,542$10,904$6,537$3,810$2,174$175
42 years$16,933$10,385$6,132$3,516$1,973$147
43 years$16,354$9,895$5,754$3,245$1,790$124
44 years$15,802$9,432$5,401$2,997$1,625$105
45 years$15,277$8,994$5,072$2,768$1,475$88
46 years$14,776$8,580$4,764$2,556$1,339$74
47 years$14,298$8,188$4,475$2,362$1,216$63
48 years$13,841$7,816$4,205$2,182$1,105$53
49 years$13,404$7,464$3,953$2,017$1,003$45
50 years$12,985$7,130$3,716$1,864$911$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $13,300,000, adding $3,297 every year, while hoping to spend $54,577 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: 71/16/13 Blend
53$13,300,000$13,300,000$13,300,000$13,300,000
54$14,660,001$13,955,101$13,748,951$15,659,455
55$16,097,251$14,580,831$14,151,471$16,948,293
56$17,679,272$15,235,393$14,565,647$18,351,761
57$19,420,773$15,920,142$14,991,810$19,886,690
58$21,337,960$16,636,497$15,430,304$21,566,047
59$23,448,692$17,385,946$15,881,480$23,404,102
60$25,772,649$18,170,048$16,345,700$25,416,561
61$28,331,513$18,990,434$16,823,335$27,620,714
62$31,149,178$19,848,816$17,314,767$30,035,595
63$34,251,972$20,746,986$17,820,389$32,682,158
64$37,668,907$21,686,822$18,340,606$35,583,470
65$41,431,951$22,670,291$18,875,832$38,764,931
66$45,576,331$23,699,457$19,426,493$42,254,507
67$50,140,865$24,776,478$19,993,029$46,082,992
68$55,168,327$25,903,620$20,575,890$50,284,293
69$60,705,853$27,083,254$21,175,539$54,895,752
70$66,805,383$28,317,867$21,792,453$59,958,488
71$73,524,153$29,610,062$22,427,120$65,517,787
72$80,925,232$30,962,571$23,080,045$71,623,522
73$89,078,123$32,378,254$23,751,743$78,330,623
74$98,059,411$33,860,109$24,442,746$85,699,588
75$107,953,494$35,411,277$25,153,601$93,797,050
76$118,853,372$37,035,051$25,884,868$102,696,404
77$130,861,528$38,734,881$26,637,124$112,478,491
78$144,090,898$40,514,384$27,410,961$123,232,362
79$158,665,931$42,377,350$28,206,990$135,056,105
80$174,723,766$44,327,750$29,025,834$148,057,774
81$192,415,529$46,369,749$29,868,138$162,356,396
82$211,907,755$48,507,708$30,734,563$178,083,093
83$233,383,962$50,746,202$31,625,786$195,382,314
84$257,046,382$53,090,022$32,542,507$214,413,187
85$283,117,874$55,544,194$33,485,441$235,351,019
86$311,844,019$58,113,981$34,455,326$258,388,944
87$343,495,447$60,804,905$35,452,917$283,739,735
88$378,370,386$63,622,748$36,478,993$311,637,808
89$416,797,478$66,573,576$37,534,352$342,341,424
90$459,138,883$69,663,743$38,619,815$376,135,121
91$505,793,695$72,899,913$39,736,225$413,332,392
92$557,201,712$76,289,068$40,884,448$454,278,630
93$613,847,583$79,838,529$42,065,374$499,354,385
94$676,265,389$83,555,970$43,279,917$548,978,943
95$745,043,680$87,449,434$44,529,016$603,614,274
96$820,831,033$91,527,353$45,813,635$663,769,382
97$904,342,171$95,798,566$47,134,765$730,005,100
98$996,364,716$100,272,340$48,493,423$802,939,370
99$1,097,766,620$104,958,387$49,890,655$883,253,066
100$1,209,504,358$109,866,891$51,327,535$971,696,409