Can I retire at age 54 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,049,969
2 years$547,802$537,599$527,712$518,125$508,826$490,182
3 years$361,573$351,327$341,464$331,968$322,820$304,678
4 years$268,478$258,263$248,499$239,164$230,238$212,737
5 years$212,635$202,481$192,845$183,701$175,023$158,215
6 years$175,418$165,341$155,848$146,907$138,490$122,392
7 years$148,845$138,853$129,510$120,780$112,629$97,247
8 years$128,925$119,023$109,835$101,320$93,437$78,767
9 years$113,439$103,631$94,601$86,302$78,687$64,721
10 years$101,058$91,345$82,475$74,393$67,046$53,771
11 years$90,935$81,319$72,610$64,744$57,661$45,064
12 years$82,505$72,988$64,439$56,789$49,968$38,031
13 years$75,377$65,960$57,572$50,137$43,573$32,279
14 years$69,273$59,956$51,729$44,506$38,196$27,524
15 years$63,987$54,771$46,704$39,691$33,631$23,561
16 years$59,367$50,251$42,344$35,539$29,723$20,234
17 years$55,295$46,279$38,532$31,932$26,354$17,424
18 years$51,679$42,764$35,174$28,777$23,433$15,039
19 years$48,447$39,633$32,200$26,002$20,887$13,006
20 years$45,542$36,829$29,552$23,550$18,656$11,266
21 years$42,918$34,305$27,182$21,373$16,695$9,774
22 years$40,535$32,022$25,053$19,433$14,965$8,489
23 years$38,362$29,950$23,132$17,698$13,433$7,381
24 years$36,374$28,061$21,393$16,142$12,074$6,424
25 years$34,547$26,334$19,814$14,742$10,865$5,595
26 years$32,864$24,750$18,376$13,479$9,787$4,877
27 years$31,308$23,292$17,064$12,338$8,824$4,253
28 years$29,866$21,948$15,863$11,304$7,962$3,711
29 years$28,525$20,706$14,762$10,366$7,189$3,240
30 years$27,277$19,554$13,750$9,513$6,496$2,829
31 years$26,111$18,485$12,819$8,737$5,873$2,471
32 years$25,020$17,491$11,960$8,030$5,312$2,160
33 years$23,997$16,564$11,168$7,384$4,808$1,888
34 years$23,037$15,699$10,434$6,794$4,353$1,650
35 years$22,134$14,890$9,755$6,254$3,943$1,443
36 years$21,282$14,133$9,126$5,760$3,572$1,262
37 years$20,479$13,423$8,542$5,307$3,238$1,104
38 years$19,720$12,757$7,999$4,892$2,935$966
39 years$19,001$12,130$7,494$4,510$2,662$845
40 years$18,320$11,541$7,024$4,160$2,414$740
41 years$17,674$10,986$6,586$3,838$2,190$647
42 years$17,060$10,463$6,178$3,542$1,987$566
43 years$16,477$9,969$5,798$3,270$1,804$496
44 years$15,921$9,502$5,442$3,019$1,637$434
45 years$15,392$9,061$5,110$2,788$1,486$380
46 years$14,887$8,644$4,799$2,576$1,350$332
47 years$14,405$8,249$4,509$2,380$1,225$291
48 years$13,945$7,875$4,237$2,199$1,113$255
49 years$13,504$7,520$3,983$2,032$1,011$223
50 years$13,083$7,184$3,744$1,878$918$195

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $13,400,000, adding $5,517 every year, while hoping to spend $54,183 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: 55/17/28 Blend
53$13,400,000$13,400,000$13,400,000$13,400,000
54$14,772,491$14,062,291$13,854,591$15,470,156
55$16,221,635$14,693,693$14,261,069$16,583,382
56$17,816,775$15,354,217$14,679,349$17,789,164
57$19,572,747$16,045,235$15,109,768$19,101,380
58$21,505,895$16,768,179$15,552,673$20,530,295
59$23,634,232$17,524,556$16,008,423$22,087,196
60$25,977,603$18,315,938$16,477,385$23,784,501
61$28,557,877$19,143,978$16,959,936$25,635,867
62$31,399,152$20,010,404$17,456,465$27,656,320
63$34,527,981$20,917,029$17,967,372$29,862,394
64$37,973,622$21,865,752$18,493,067$32,272,281
65$41,768,319$22,858,560$19,033,971$34,905,998
66$45,947,598$23,897,541$19,590,520$37,785,578
67$50,550,610$24,984,877$20,163,159$40,935,266
68$55,620,494$26,122,857$20,752,347$44,381,753
69$61,204,788$27,313,881$21,358,554$48,154,414
70$67,355,877$28,560,462$21,982,266$52,285,588
71$74,131,485$29,865,234$22,623,981$56,810,877
72$81,595,223$31,230,956$23,284,211$61,769,475
73$89,817,185$32,660,522$23,963,481$67,204,535
74$98,874,614$34,156,964$24,662,333$73,163,571
75$108,852,627$35,723,457$25,381,324$79,698,901
76$119,845,020$37,363,332$26,121,024$86,868,133
77$131,955,154$39,080,077$26,882,020$94,734,707
78$145,296,929$40,877,351$27,664,917$103,368,484
79$159,995,860$42,758,984$28,470,335$112,846,403
80$176,190,258$44,728,995$29,298,912$123,253,196
81$194,032,542$46,791,594$30,151,304$134,682,183
82$213,690,672$48,951,192$31,028,183$147,236,148
83$235,349,735$51,212,415$31,930,241$161,028,298
84$259,213,695$53,580,111$32,858,192$176,183,325
85$285,507,315$56,059,359$33,812,764$192,838,576
86$314,478,280$58,655,487$34,794,711$211,145,341
87$346,399,533$61,374,075$35,804,802$231,270,269
88$381,571,856$64,220,974$36,843,833$253,396,938
89$420,326,701$67,202,318$37,912,618$277,727,571
90$463,029,328$70,324,535$39,011,994$304,484,940
91$510,082,246$73,594,364$40,142,822$333,914,458
92$561,929,015$77,018,868$41,305,987$366,286,483
93$619,058,434$80,605,452$42,502,397$401,898,858
94$682,009,152$84,361,877$43,732,985$441,079,715
95$751,374,757$88,296,280$44,998,711$484,190,555
96$827,809,374$92,417,189$46,300,560$531,629,651
97$912,033,846$96,733,547$47,639,544$583,835,792
98$1,004,842,532$101,254,725$49,016,703$641,292,415
99$1,107,110,814$105,990,550$50,433,106$704,532,147
100$1,219,803,353$110,951,323$51,889,851$774,141,827