Can I retire at age 54 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$941,401$933,016$924,835$916,849$909,052$898,811
2 years$466,040$457,361$448,949$440,793$432,882$422,572
3 years$307,607$298,890$290,500$282,420$274,638$264,580
4 years$228,406$219,716$211,409$203,468$195,874$186,145
5 years$180,898$172,260$164,062$156,283$148,900$139,528
6 years$149,236$140,663$132,587$124,981$117,820$108,816
7 years$126,630$118,129$110,180$102,754$95,819$87,188
8 years$109,682$101,258$93,442$86,197$79,491$71,232
9 years$96,508$88,163$80,481$73,421$66,943$59,052
10 years$85,975$77,712$70,165$63,290$57,039$49,511
11 years$77,362$69,182$61,772$55,081$49,055$41,885
12 years$70,191$62,094$54,821$48,313$42,510$35,689
13 years$64,127$56,115$48,979$42,653$37,070$30,590
14 years$58,934$51,007$44,008$37,863$32,495$26,347
15 years$54,437$46,596$39,733$33,767$28,611$22,785
16 years$50,506$42,751$36,024$30,235$25,287$19,773
17 years$47,042$39,372$32,781$27,166$22,421$17,209
18 years$43,965$36,381$29,924$24,482$19,936$15,014
19 years$41,216$33,718$27,394$22,121$17,769$13,128
20 years$38,745$31,332$25,141$20,035$15,872$11,499
21 years$36,512$29,185$23,125$18,183$14,203$10,089
22 years$34,485$27,243$21,313$16,533$12,731$8,864
23 years$32,637$25,480$19,679$15,057$11,428$7,797
24 years$30,945$23,873$18,200$13,733$10,272$6,865
25 years$29,391$22,404$16,857$12,541$9,243$6,051
26 years$27,959$21,056$15,634$11,467$8,326$5,337
27 years$26,635$19,816$14,517$10,496$7,507$4,711
28 years$25,408$18,672$13,496$9,617$6,773$4,161
29 years$24,268$17,615$12,559$8,819$6,116$3,677
30 years$23,205$16,636$11,698$8,093$5,526$3,250
31 years$22,214$15,726$10,906$7,433$4,996$2,875
32 years$21,286$14,880$10,175$6,831$4,520$2,544
33 years$20,416$14,092$9,501$6,282$4,090$2,251
34 years$19,599$13,356$8,877$5,780$3,703$1,993
35 years$18,830$12,668$8,299$5,321$3,354$1,765
36 years$18,106$12,024$7,764$4,900$3,039$1,564
37 years$17,422$11,420$7,267$4,515$2,754$1,385
38 years$16,776$10,853$6,805$4,162$2,497$1,227
39 years$16,165$10,320$6,376$3,837$2,264$1,088
40 years$15,586$9,819$5,976$3,539$2,054$964
41 years$15,036$9,346$5,603$3,265$1,863$855
42 years$14,514$8,901$5,256$3,014$1,691$758
43 years$14,017$8,481$4,932$2,782$1,535$672
44 years$13,545$8,084$4,630$2,569$1,393$596
45 years$13,095$7,709$4,347$2,372$1,264$528
46 years$12,665$7,354$4,083$2,191$1,148$469
47 years$12,255$7,018$3,836$2,024$1,043$416
48 years$11,863$6,700$3,605$1,871$947$369
49 years$11,489$6,398$3,388$1,729$860$327
50 years$11,130$6,111$3,185$1,598$781$290

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,400,000, adding $2,688 every year, while hoping to spend $29,906 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: 40/35/25 Blend
53$11,400,000$11,400,000$11,400,000$11,400,000
54$12,565,573$11,961,373$11,784,673$12,975,203
55$13,815,441$12,515,660$12,147,639$13,825,728
56$15,191,794$13,096,105$12,521,763$14,742,266
57$16,707,501$13,703,959$12,907,386$15,733,266
58$18,376,744$14,340,530$13,304,861$16,805,554
59$20,215,149$15,007,194$13,714,552$17,966,616
60$22,239,937$15,705,389$14,136,832$19,224,666
61$24,470,083$16,436,625$14,572,088$20,588,725
62$26,926,497$17,202,485$15,020,718$22,068,693
63$29,632,219$18,004,627$15,483,132$23,675,440
64$32,612,641$18,844,788$15,959,752$25,420,907
65$35,895,740$19,724,793$16,451,014$27,318,209
66$39,512,349$20,646,551$16,957,366$29,381,753
67$43,496,442$21,612,066$17,479,271$31,627,370
68$47,885,458$22,623,436$18,017,206$34,072,459
69$52,720,654$23,682,863$18,571,662$36,736,139
70$58,047,493$24,792,656$19,143,144$39,639,429
71$63,916,073$25,955,231$19,732,175$42,805,435
72$70,381,602$27,173,127$20,339,292$46,259,564
73$77,504,916$28,449,002$20,965,050$50,029,751
74$85,353,057$29,785,642$21,610,019$54,146,719
75$93,999,902$31,185,972$22,274,787$58,644,259
76$103,526,861$32,653,053$22,959,961$63,559,537
77$114,023,647$34,190,099$23,666,167$68,933,440
78$125,589,123$35,800,478$24,394,047$74,810,949
79$138,332,231$37,487,719$25,144,265$81,241,556
80$152,373,027$39,255,525$25,917,506$88,279,715
81$167,843,807$41,107,778$26,714,474$95,985,350
82$184,890,362$43,048,545$27,535,896$104,424,408
83$203,673,350$45,082,095$28,382,519$113,669,467
84$224,369,814$47,212,900$29,255,116$123,800,409
85$247,174,854$49,445,651$30,154,481$134,905,162
86$272,303,466$51,785,265$31,081,433$147,080,513
87$299,992,575$54,236,898$32,036,817$160,433,010
88$330,503,269$56,805,958$33,021,502$175,079,952
89$364,123,265$59,498,112$34,036,384$191,150,476
90$401,169,623$62,319,304$35,082,388$208,786,763
91$441,991,742$65,275,768$36,160,465$228,145,364
92$486,974,655$68,374,036$37,271,597$249,398,653
93$536,542,668$71,620,962$38,416,794$272,736,442
94$591,163,362$75,023,731$39,597,097$298,367,747
95$651,352,006$78,589,875$40,813,582$326,522,743
96$717,676,426$82,327,295$42,067,352$357,454,914
97$790,762,363$86,244,273$43,359,550$391,443,422
98$871,299,378$90,349,496$44,691,348$428,795,719
99$960,047,364$94,652,072$46,063,959$469,850,422
100$1,057,843,722$99,161,550$47,478,628$514,980,488