Can I retire at age 54 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$933,143$924,831$916,722$908,807$901,078$875,392
2 years$461,952$453,349$445,011$436,926$429,085$403,406
3 years$304,909$296,268$287,951$279,943$272,229$247,363
4 years$226,403$217,789$209,555$201,683$194,156$170,293
5 years$179,311$170,749$162,623$154,912$147,594$124,799
6 years$147,927$139,429$131,424$123,884$116,786$95,081
7 years$125,519$117,093$109,214$101,852$94,979$74,362
8 years$108,720$100,370$92,622$85,441$78,794$59,255
9 years$95,662$87,390$79,775$72,777$66,356$47,876
10 years$85,221$77,030$69,550$62,734$56,538$39,092
11 years$76,684$68,575$61,231$54,598$48,625$32,184
12 years$69,575$61,550$54,341$47,890$42,137$26,669
13 years$63,564$55,623$48,550$42,279$36,745$22,216
14 years$58,417$50,560$43,622$37,531$32,210$18,585
15 years$53,959$46,187$39,385$33,471$28,360$15,601
16 years$50,063$42,376$35,708$29,970$25,065$13,134
17 years$46,629$39,027$32,493$26,927$22,224$11,084
18 years$43,580$36,062$29,662$24,267$19,761$9,372
19 years$40,855$33,422$27,154$21,927$17,613$7,938
20 years$38,405$31,057$24,921$19,859$15,732$6,732
21 years$36,192$28,929$22,922$18,024$14,079$5,716
22 years$34,182$27,004$21,126$16,388$12,620$4,859
23 years$32,350$25,256$19,506$14,925$11,328$4,133
24 years$30,673$23,664$18,040$13,612$10,182$3,518
25 years$29,133$22,207$16,709$12,431$9,162$2,997
26 years$27,714$20,871$15,497$11,367$8,253$2,554
27 years$26,402$19,642$14,390$10,404$7,441$2,177
28 years$25,185$18,509$13,377$9,532$6,714$1,857
29 years$24,055$17,461$12,449$8,741$6,063$1,584
30 years$23,002$16,490$11,596$8,022$5,478$1,352
31 years$22,019$15,588$10,810$7,368$4,953$1,154
32 years$21,099$14,750$10,086$6,771$4,480$985
33 years$20,237$13,968$9,417$6,227$4,054$841
34 years$19,427$13,239$8,799$5,729$3,671$718
35 years$18,665$12,557$8,227$5,274$3,325$614
36 years$17,947$11,918$7,696$4,857$3,012$524
37 years$17,269$11,320$7,203$4,475$2,730$448
38 years$16,629$10,758$6,745$4,125$2,475$383
39 years$16,023$10,229$6,320$3,803$2,245$327
40 years$15,449$9,732$5,923$3,508$2,036$279
41 years$14,904$9,264$5,554$3,237$1,847$239
42 years$14,387$8,823$5,210$2,987$1,676$204
43 years$13,894$8,407$4,889$2,757$1,521$174
44 years$13,426$8,013$4,589$2,546$1,381$149
45 years$12,980$7,641$4,309$2,351$1,253$127
46 years$12,554$7,290$4,047$2,172$1,138$109
47 years$12,148$6,956$3,802$2,007$1,033$93
48 years$11,759$6,641$3,573$1,854$938$79
49 years$11,388$6,342$3,358$1,714$852$68
50 years$11,033$6,058$3,157$1,584$774$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,300,000, adding $6,668 every year, while hoping to spend $49,158 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: 28/43/29 Blend
53$11,300,000$11,300,000$11,300,000$11,300,000
54$12,459,478$11,860,578$11,685,428$12,696,337
55$13,678,041$12,389,443$12,024,586$13,416,055
56$15,019,250$12,942,574$12,373,458$14,184,059
57$16,495,563$13,521,109$12,732,319$15,008,207
58$18,120,706$14,126,240$13,101,447$15,893,355
59$19,909,806$14,759,214$13,481,134$16,844,820
60$21,879,529$15,421,338$13,871,675$17,868,424
61$24,048,240$16,113,983$14,273,375$18,970,543
62$26,436,175$16,838,582$14,686,547$20,158,161
63$29,065,633$17,596,640$15,111,514$21,438,933
64$31,961,183$18,389,731$15,548,605$22,821,252
65$35,149,901$19,219,506$15,998,161$24,314,318
66$38,661,622$20,087,693$16,460,531$25,928,220
67$42,529,221$20,996,103$16,936,072$27,674,027
68$46,788,925$21,946,635$17,425,154$29,563,885
69$51,480,653$22,941,278$17,928,154$31,611,121
70$56,648,394$23,982,115$18,445,462$33,830,365
71$62,340,621$25,071,329$18,977,475$36,237,679
72$68,610,749$26,211,209$19,524,605$38,850,699
73$75,517,638$27,404,151$20,087,273$41,688,794
74$83,126,151$28,652,668$20,665,910$44,773,243
75$91,507,762$29,959,393$21,260,962$48,127,419
76$100,741,234$31,327,084$21,872,884$51,777,008
77$110,913,360$32,758,631$22,502,146$55,750,234
78$122,119,784$34,257,064$23,149,229$60,078,120
79$134,465,900$35,825,559$23,814,626$64,794,767
80$148,067,852$37,467,441$24,498,846$69,937,666
81$163,053,625$39,186,198$25,202,410$75,548,037
82$179,564,257$40,985,484$25,925,853$81,671,208
83$197,755,167$42,869,129$26,669,725$88,357,026
84$217,797,624$44,841,146$27,434,591$95,660,319
85$239,880,362$46,905,742$28,221,029$103,641,394
86$264,211,361$49,067,326$29,029,636$112,366,592
87$291,019,813$51,330,518$29,861,022$121,908,900
88$320,558,282$53,700,162$30,715,815$132,348,624
89$353,105,090$56,181,333$31,594,658$143,774,123
90$388,966,944$58,779,352$32,498,213$156,282,635
91$428,481,828$61,499,797$33,427,159$169,981,167
92$472,022,198$64,348,510$34,382,193$184,987,490
93$519,998,496$67,331,621$35,364,030$201,431,227
94$572,863,022$70,455,550$36,373,404$219,455,058
95$631,114,207$73,727,029$37,411,070$239,216,041
96$695,301,316$77,153,113$38,477,801$260,887,073
97$766,029,635$80,741,200$39,574,392$284,658,495
98$843,966,181$84,499,042$40,701,657$310,739,864
99$929,846,002$88,434,767$41,860,434$339,361,902
100$1,024,479,117$92,556,892$43,051,581$370,778,651