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%16.5%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,040,172
2 years$547,802$537,599$527,712$518,125$508,826$480,449
3 years$361,573$351,327$341,464$331,968$322,820$295,317
4 years$268,478$258,263$248,499$239,164$230,238$203,820
5 years$212,635$202,481$192,845$183,701$175,023$149,763
6 years$175,418$165,341$155,848$146,907$138,490$114,412
7 years$148,845$138,853$129,510$120,780$112,629$89,735
8 years$128,925$119,023$109,835$101,320$93,437$71,715
9 years$113,439$103,631$94,601$86,302$78,687$58,119
10 years$101,058$91,345$82,475$74,393$67,046$47,604
11 years$90,935$81,319$72,610$64,744$57,661$39,317
12 years$82,505$72,988$64,439$56,789$49,968$32,688
13 years$75,377$65,960$57,572$50,137$43,573$27,322
14 years$69,273$59,956$51,729$44,506$38,196$22,935
15 years$63,987$54,771$46,704$39,691$33,631$19,321
16 years$59,367$50,251$42,344$35,539$29,723$16,324
17 years$55,295$46,279$38,532$31,932$26,354$13,826
18 years$51,679$42,764$35,174$28,777$23,433$11,734
19 years$48,447$39,633$32,200$26,002$20,887$9,975
20 years$45,542$36,829$29,552$23,550$18,656$8,493
21 years$42,918$34,305$27,182$21,373$16,695$7,239
22 years$40,535$32,022$25,053$19,433$14,965$6,177
23 years$38,362$29,950$23,132$17,698$13,433$5,275
24 years$36,374$28,061$21,393$16,142$12,074$4,508
25 years$34,547$26,334$19,814$14,742$10,865$3,856
26 years$32,864$24,750$18,376$13,479$9,787$3,299
27 years$31,308$23,292$17,064$12,338$8,824$2,824
28 years$29,866$21,948$15,863$11,304$7,962$2,418
29 years$28,525$20,706$14,762$10,366$7,189$2,072
30 years$27,277$19,554$13,750$9,513$6,496$1,775
31 years$26,111$18,485$12,819$8,737$5,873$1,522
32 years$25,020$17,491$11,960$8,030$5,312$1,305
33 years$23,997$16,564$11,168$7,384$4,808$1,119
34 years$23,037$15,699$10,434$6,794$4,353$959
35 years$22,134$14,890$9,755$6,254$3,943$823
36 years$21,282$14,133$9,126$5,760$3,572$706
37 years$20,479$13,423$8,542$5,307$3,238$605
38 years$19,720$12,757$7,999$4,892$2,935$519
39 years$19,001$12,130$7,494$4,510$2,662$446
40 years$18,320$11,541$7,024$4,160$2,414$382
41 years$17,674$10,986$6,586$3,838$2,190$328
42 years$17,060$10,463$6,178$3,542$1,987$282
43 years$16,477$9,969$5,798$3,270$1,804$242
44 years$15,921$9,502$5,442$3,019$1,637$207
45 years$15,392$9,061$5,110$2,788$1,486$178
46 years$14,887$8,644$4,799$2,576$1,350$153
47 years$14,405$8,249$4,509$2,380$1,225$131
48 years$13,945$7,875$4,237$2,199$1,113$113
49 years$13,504$7,520$3,983$2,032$1,011$97
50 years$13,083$7,184$3,744$1,878$918$83

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 $4,080 every year, while hoping to spend $45,101 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: 45/46/9 Blend
53$13,400,000$13,400,000$13,400,000$13,400,000
54$14,771,009$14,060,809$13,853,109$15,398,092
55$16,229,664$14,701,801$14,269,201$16,473,176
56$17,835,591$15,372,691$14,697,720$17,633,253
57$19,603,764$16,074,894$15,139,036$18,890,092
58$21,550,681$16,809,898$15,593,527$20,252,626
59$23,694,526$17,579,258$16,061,585$21,730,661
60$26,055,331$18,384,605$16,543,612$23,334,954
61$28,655,173$19,227,649$17,040,021$25,077,318
62$31,518,378$20,110,181$17,551,239$26,970,720
63$34,671,752$21,034,080$18,077,706$29,029,399
64$38,144,833$22,001,312$18,619,871$31,268,996
65$41,970,170$23,013,940$19,178,201$33,706,690
66$46,183,630$24,074,126$19,753,173$36,361,355
67$50,824,737$25,184,135$20,345,281$39,253,731
68$55,937,044$26,346,341$20,955,031$42,406,607
69$61,568,543$27,563,233$21,582,946$45,845,034
70$67,772,123$28,837,419$22,229,562$49,596,547
71$74,606,060$30,171,633$22,895,433$53,691,416
72$82,134,576$31,568,741$23,581,128$58,162,925
73$90,428,440$33,031,746$24,287,233$63,047,672
74$99,565,636$34,563,797$25,014,351$68,385,904
75$109,632,101$36,168,194$25,763,102$74,221,890
76$120,722,535$37,848,395$26,534,125$80,604,318
77$132,941,294$39,608,026$27,328,079$87,586,750
78$146,403,375$41,450,889$28,145,639$95,228,110
79$161,235,504$43,380,968$28,987,503$103,593,229
80$177,577,329$45,402,438$29,854,387$112,753,441
81$195,582,737$47,519,678$30,747,030$122,787,240
82$215,421,311$49,737,278$31,666,191$133,781,007
83$237,279,928$52,060,047$32,612,651$145,829,809
84$261,364,521$54,493,030$33,587,215$159,038,277
85$287,902,027$57,041,514$34,590,712$173,521,577
86$317,142,526$59,711,040$35,623,993$189,406,478
87$349,361,603$62,507,420$36,687,935$206,832,528
88$384,862,947$65,436,744$37,783,442$225,953,351
89$423,981,222$68,505,399$38,911,441$246,938,073
90$467,085,221$71,720,078$40,072,890$269,972,900
91$514,581,353$75,087,801$41,268,771$295,262,848
92$566,917,474$78,615,927$42,500,098$323,033,654
93$624,587,117$82,312,168$43,767,912$353,533,880
94$688,134,152$86,184,613$45,073,285$387,037,234
95$758,157,917$90,241,740$46,417,322$423,845,124
96$835,318,880$94,492,441$47,801,158$464,289,469
97$920,344,871$98,946,035$49,225,961$508,735,808
98$1,014,037,951$103,612,294$50,692,934$557,586,711
99$1,117,281,989$108,501,464$52,203,315$611,285,548
100$1,231,051,003$113,624,287$53,758,377$670,320,636