Can I retire at age 54 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$916,628$908,463$900,497$892,722$885,130$873,345
2 years$453,776$445,325$437,134$429,193$421,490$409,637
3 years$299,512$291,025$282,855$274,988$267,411$255,856
4 years$222,396$213,934$205,846$198,114$190,720$179,553
5 years$176,138$167,727$159,745$152,170$144,982$134,236
6 years$145,309$136,962$129,098$121,692$114,719$104,407
7 years$123,297$115,020$107,281$100,049$93,298$83,422
8 years$106,796$98,593$90,983$83,929$77,399$67,960
9 years$93,968$85,843$78,363$71,489$65,181$56,174
10 years$83,712$75,667$68,319$61,624$55,538$46,955
11 years$75,327$67,362$60,147$53,631$47,764$39,599
12 years$68,343$60,460$53,379$47,042$41,392$33,634
13 years$62,439$54,638$47,690$41,531$36,094$28,735
14 years$57,383$49,665$42,850$36,867$31,640$24,667
15 years$53,004$45,370$38,688$32,879$27,858$21,260
16 years$49,177$41,626$35,076$29,439$24,621$18,386
17 years$45,804$38,336$31,918$26,451$21,831$15,945
18 years$42,808$35,424$29,137$23,838$19,411$13,862
19 years$40,132$32,831$26,673$21,539$17,302$12,077
20 years$37,725$30,508$24,480$19,508$15,454$10,540
21 years$35,551$28,417$22,517$17,705$13,830$9,212
22 years$33,577$26,526$20,752$16,098$12,396$8,063
23 years$31,778$24,809$19,161$14,660$11,128$7,065
24 years$30,131$23,245$17,721$13,371$10,002$6,197
25 years$28,618$21,814$16,413$12,211$9,000$5,440
26 years$27,223$20,502$15,222$11,165$8,107$4,780
27 years$25,934$19,294$14,135$10,220$7,309$4,202
28 years$24,739$18,181$13,141$9,364$6,595$3,696
29 years$23,629$17,152$12,228$8,587$5,955$3,253
30 years$22,595$16,198$11,390$7,880$5,381$2,864
31 years$21,629$15,312$10,619$7,238$4,865$2,523
32 years$20,726$14,489$9,908$6,652$4,401$2,223
33 years$19,878$13,721$9,251$6,117$3,983$1,960
34 years$19,083$13,004$8,643$5,628$3,606$1,728
35 years$18,335$12,334$8,081$5,181$3,266$1,523
36 years$17,629$11,707$7,560$4,771$2,959$1,344
37 years$16,964$11,119$7,076$4,396$2,682$1,185
38 years$16,335$10,567$6,626$4,052$2,431$1,046
39 years$15,740$10,048$6,208$3,736$2,205$923
40 years$15,175$9,560$5,819$3,446$2,000$815
41 years$14,640$9,100$5,456$3,179$1,814$719
42 years$14,132$8,667$5,118$2,934$1,646$635
43 years$13,649$8,258$4,802$2,709$1,494$560
44 years$13,188$7,871$4,508$2,501$1,356$495
45 years$12,750$7,506$4,233$2,310$1,231$437
46 years$12,332$7,161$3,976$2,134$1,118$386
47 years$11,933$6,833$3,735$1,971$1,015$341
48 years$11,551$6,523$3,510$1,821$922$301
49 years$11,186$6,229$3,299$1,683$837$266
50 years$10,837$5,951$3,102$1,556$760$235

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,100,000, adding $4,955 every year, while hoping to spend $48,946 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: 75/5/20 Blend
53$11,100,000$11,100,000$11,100,000$11,100,000
54$12,237,311$11,649,011$11,476,961$13,096,978
55$13,433,439$12,167,734$11,809,361$14,186,390
56$14,749,931$12,710,235$12,151,256$15,373,735
57$16,199,013$13,277,626$12,502,912$16,673,994
58$17,794,156$13,871,073$12,864,604$18,098,417
59$19,550,203$14,491,799$13,236,611$19,659,395
60$21,483,510$15,141,083$13,619,224$21,370,573
61$23,612,099$15,820,267$14,012,739$23,246,979
62$25,955,828$16,530,755$14,417,460$25,305,161
63$28,536,579$17,274,018$14,833,701$27,563,347
64$31,378,464$18,051,599$15,261,784$30,041,614
65$34,508,052$18,865,113$15,702,040$32,762,074
66$37,954,622$19,716,252$16,154,806$35,749,085
67$41,750,434$20,606,789$16,620,433$39,029,475
68$45,931,039$21,538,582$17,099,279$42,632,799
69$50,535,611$22,513,579$17,591,710$46,591,612
70$55,607,317$23,533,817$18,098,106$50,941,777
71$61,193,724$24,601,436$18,618,853$55,722,802
72$67,347,251$25,718,673$19,154,352$60,978,209
73$74,125,658$26,887,875$19,705,010$66,755,946
74$81,592,595$28,111,501$20,271,248$73,108,836
75$89,818,203$29,392,128$20,853,498$80,095,074
76$98,879,773$30,732,455$21,452,203$87,778,775
77$108,862,476$32,135,312$22,067,818$96,230,577
78$119,860,170$33,603,663$22,700,811$105,528,303
79$131,976,280$35,140,616$23,351,661$115,757,699
80$145,324,781$36,749,426$24,020,862$127,013,236
81$160,031,266$38,433,505$24,708,919$139,399,003
82$176,234,139$40,196,431$25,416,351$153,029,683
83$194,085,914$42,041,949$26,143,692$168,031,639
84$213,754,662$43,973,989$26,891,490$184,544,099
85$235,425,589$45,996,666$27,660,307$202,720,470
86$259,302,791$48,114,295$28,450,719$222,729,782
87$285,611,178$50,331,397$29,263,320$244,758,282
88$314,598,594$52,652,712$30,098,717$269,011,190
89$346,538,161$55,083,206$30,957,535$295,714,631
90$381,730,856$57,628,085$31,840,415$325,117,766
91$420,508,348$60,292,806$32,748,013$357,495,145
92$463,236,134$63,083,088$33,681,006$393,149,289
93$510,316,986$66,004,925$34,640,087$432,413,548
94$562,194,754$69,064,602$35,625,965$475,655,241
95$619,358,556$72,268,704$36,639,372$523,279,121
96$682,347,394$75,624,136$37,681,055$575,731,189
97$751,755,242$79,138,133$38,751,785$633,502,906
98$828,236,656$82,818,280$39,852,349$697,135,821
99$912,512,949$86,672,530$40,983,557$767,226,687
100$1,005,379,002$90,709,217$42,146,239$844,433,081