Can I retire at age 54 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,048,699
2 years$560,066$549,635$539,526$529,725$520,218$476,681
3 years$369,668$359,193$349,109$339,400$330,048$288,104
4 years$274,488$264,045$254,062$244,518$235,393$195,361
5 years$217,395$207,014$197,163$187,814$178,942$140,924
6 years$179,346$169,043$159,337$150,196$141,591$105,610
7 years$152,178$141,962$132,410$123,484$115,151$81,194
8 years$131,811$121,687$112,294$103,588$95,529$63,561
9 years$115,979$105,951$96,719$88,234$80,449$50,421
10 years$103,321$93,390$84,321$76,059$68,547$40,399
11 years$92,971$83,140$74,235$66,194$58,952$32,619
12 years$84,352$74,622$65,882$58,061$51,087$26,495
13 years$77,065$67,437$58,861$51,259$44,549$21,624
14 years$70,824$61,298$52,887$45,502$39,051$17,716
15 years$65,420$55,997$47,750$40,580$34,384$14,558
16 years$60,696$51,376$43,292$36,335$30,388$11,993
17 years$56,533$47,315$39,394$32,647$26,945$9,900
18 years$52,836$43,721$35,962$29,421$23,958$8,185
19 years$49,532$40,521$32,921$26,584$21,354$6,777
20 years$46,562$37,654$30,214$24,077$19,074$5,617
21 years$43,878$35,073$27,791$21,852$17,069$4,660
22 years$41,442$32,739$25,613$19,868$15,300$3,869
23 years$39,221$30,620$23,649$18,094$13,734$3,215
24 years$37,188$28,689$21,872$16,503$12,345$2,672
25 years$35,321$26,924$20,258$15,072$11,108$2,222
26 years$33,600$25,304$18,788$13,781$10,006$1,848
27 years$32,009$23,814$17,446$12,614$9,021$1,538
28 years$30,534$22,440$16,219$11,557$8,140$1,280
29 years$29,164$21,169$15,093$10,598$7,350$1,066
30 years$27,887$19,992$14,058$9,726$6,641$887
31 years$26,695$18,899$13,106$8,933$6,004$739
32 years$25,580$17,882$12,228$8,210$5,431$615
33 years$24,535$16,935$11,418$7,549$4,915$513
34 years$23,553$16,051$10,668$6,946$4,450$427
35 years$22,629$15,224$9,974$6,394$4,031$356
36 years$21,759$14,449$9,330$5,889$3,652$296
37 years$20,937$13,724$8,733$5,426$3,310$247
38 years$20,161$13,042$8,178$5,001$3,001$206
39 years$19,426$12,402$7,662$4,611$2,721$171
40 years$18,730$11,800$7,182$4,253$2,468$143
41 years$18,070$11,232$6,734$3,924$2,239$119
42 years$17,442$10,697$6,317$3,622$2,032$99
43 years$16,845$10,192$5,927$3,343$1,844$83
44 years$16,278$9,715$5,564$3,087$1,674$69
45 years$15,736$9,264$5,224$2,851$1,520$57
46 years$15,220$8,838$4,907$2,633$1,380$48
47 years$14,728$8,434$4,610$2,433$1,253$40
48 years$14,257$8,051$4,332$2,248$1,138$33
49 years$13,807$7,689$4,072$2,078$1,033$28
50 years$13,376$7,344$3,828$1,920$939$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $13,700,000, adding $3,847 every year, while hoping to spend $50,057 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: 51/43/6 Blend
53$13,700,000$13,700,000$13,700,000$13,700,000
54$15,101,368$14,375,268$14,162,918$15,849,468
55$16,588,447$15,026,396$14,584,116$17,009,357
56$18,225,531$15,707,752$15,017,746$18,263,785
57$20,027,867$16,420,763$15,464,172$19,626,164
58$22,012,256$17,166,927$15,923,768$21,106,636
59$24,197,211$17,947,811$16,396,919$22,716,337
60$26,603,132$18,765,060$16,884,022$24,467,497
61$29,252,499$19,620,394$17,385,483$26,373,552
62$32,170,079$20,515,620$17,901,723$28,449,264
63$35,383,169$21,452,627$18,433,172$30,710,852
64$38,921,843$22,433,397$18,980,275$33,176,141
65$42,819,245$23,460,006$19,543,487$35,864,723
66$47,111,893$24,534,632$20,123,280$38,798,134
67$51,840,032$25,659,555$20,720,135$42,000,050
68$57,048,008$26,837,165$21,334,552$45,496,503
69$62,784,685$28,069,967$21,967,040$49,316,120
70$69,103,914$29,360,587$22,618,127$53,490,381
71$76,065,033$30,711,775$23,288,354$58,053,911
72$83,733,430$32,126,416$23,978,278$63,044,795
73$92,181,162$33,607,532$24,688,471$68,504,928
74$101,487,630$35,158,290$25,419,525$74,480,403
75$111,740,333$36,782,012$26,172,044$81,021,930
76$123,035,692$38,482,176$26,946,653$88,185,309
77$135,479,961$40,262,430$27,743,994$96,031,940
78$149,190,225$42,126,598$28,564,726$104,629,396
79$164,295,513$44,078,686$29,409,529$114,052,042
80$180,938,008$46,122,894$30,279,101$124,381,726
81$199,274,395$48,263,626$31,174,161$135,708,538
82$219,477,336$50,505,497$32,095,448$148,131,647
83$241,737,101$52,853,343$33,043,722$161,760,216
84$266,263,364$55,312,235$34,019,765$176,714,424
85$293,287,182$57,887,489$35,024,382$193,126,575
86$323,063,175$60,584,676$36,058,399$211,142,338
87$355,871,931$63,409,638$37,122,668$230,922,096
88$392,022,655$66,368,497$38,218,064$252,642,443
89$431,856,083$69,467,671$39,345,487$276,497,833
90$475,747,705$72,713,889$40,505,863$302,702,391
91$524,111,306$76,114,204$41,700,144$331,491,912
92$577,402,869$79,676,010$42,929,309$363,126,066
93$636,124,887$83,407,060$44,194,366$397,890,822
94$700,831,099$87,315,479$45,496,350$436,101,123
95$772,131,721$91,409,787$46,836,328$478,103,833
96$850,699,205$95,698,915$48,215,394$524,280,979
97$937,274,589$100,192,228$49,634,675$575,053,334
98$1,032,674,491$104,899,540$51,095,330$630,884,353
99$1,137,798,816$109,831,145$52,598,551$692,284,518
100$1,253,639,256$114,997,831$54,145,562$759,816,122