Can I retire at age 54 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$957,917$949,385$941,060$932,934$925,000$917,250
2 years$474,216$465,385$456,825$448,526$440,476$432,665
3 years$313,004$304,134$295,596$287,375$279,456$271,826
4 years$232,413$223,571$215,118$207,038$199,311$191,920
5 years$184,072$175,282$166,941$159,025$151,513$144,384
6 years$151,855$143,131$134,913$127,173$119,887$113,029
7 years$128,851$120,201$112,113$104,556$97,500$90,916
8 years$111,607$103,035$95,081$87,710$80,886$74,575
9 years$98,201$89,710$81,893$74,709$68,118$62,078
10 years$87,483$79,075$71,396$64,400$58,040$52,269
11 years$78,720$70,396$62,856$56,047$49,916$44,409
12 years$71,422$63,184$55,783$49,161$43,256$38,008
13 years$65,252$57,100$49,839$43,402$37,720$32,725
14 years$59,968$51,902$44,780$38,527$33,065$28,317
15 years$55,392$47,413$40,431$34,360$29,113$24,605
16 years$51,392$43,501$36,656$30,765$25,730$21,454
17 years$47,867$40,063$33,356$27,642$22,814$18,764
18 years$44,737$37,020$30,449$24,911$20,285$16,453
19 years$41,939$34,309$27,875$22,509$18,081$14,459
20 years$39,425$31,882$25,582$20,387$16,150$12,730
21 years$37,153$29,697$23,531$18,502$14,453$11,227
22 years$35,090$27,721$21,687$16,823$12,955$9,916
23 years$33,209$25,927$20,024$15,321$11,629$8,769
24 years$31,488$24,292$18,519$13,973$10,452$7,763
25 years$29,907$22,797$17,152$12,761$9,405$6,879
26 years$28,449$21,425$15,908$11,668$8,472$6,101
27 years$27,102$20,164$14,772$10,680$7,638$5,416
28 years$25,854$19,000$13,732$9,785$6,892$4,810
29 years$24,694$17,924$12,779$8,973$6,223$4,275
30 years$23,613$16,928$11,903$8,235$5,623$3,801
31 years$22,603$16,002$11,097$7,564$5,084$3,381
32 years$21,659$15,141$10,354$6,951$4,599$3,009
33 years$20,774$14,339$9,667$6,392$4,162$2,679
34 years$19,943$13,590$9,033$5,881$3,768$2,385
35 years$19,160$12,890$8,445$5,414$3,413$2,125
36 years$18,423$12,235$7,900$4,986$3,092$1,893
37 years$17,728$11,620$7,394$4,594$2,803$1,687
38 years$17,071$11,043$6,924$4,235$2,541$1,504
39 years$16,449$10,501$6,487$3,904$2,304$1,341
40 years$15,859$9,991$6,081$3,601$2,090$1,196
41 years$15,300$9,510$5,702$3,323$1,896$1,066
42 years$14,768$9,057$5,348$3,066$1,720$951
43 years$14,263$8,630$5,019$2,831$1,561$848
44 years$13,782$8,226$4,711$2,614$1,417$757
45 years$13,324$7,844$4,423$2,414$1,287$675
46 years$12,887$7,483$4,155$2,230$1,168$603
47 years$12,470$7,141$3,903$2,060$1,061$538
48 years$12,072$6,817$3,668$1,903$963$480
49 years$11,690$6,510$3,448$1,759$875$428
50 years$11,326$6,219$3,241$1,626$795$382

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,600,000, adding $3,043 every year, while hoping to spend $59,721 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: 57/27/16 Blend
53$11,600,000$11,600,000$11,600,000$11,600,000
54$12,786,339$12,171,539$11,991,739$13,461,669
55$14,027,003$12,704,402$12,329,919$14,452,940
56$15,392,213$13,261,373$12,677,427$15,525,852
57$16,894,610$13,843,571$13,034,512$16,693,669
58$18,548,121$14,452,168$13,401,430$17,965,516
59$20,368,094$15,088,389$13,778,442$19,351,422
60$22,371,438$15,753,518$14,165,819$20,862,418
61$24,576,786$16,448,902$14,563,835$22,510,634
62$27,004,669$17,175,949$14,972,774$24,309,412
63$29,677,709$17,936,133$15,392,925$26,273,430
64$32,620,833$18,731,002$15,824,587$28,418,831
65$35,861,510$19,562,173$16,268,062$30,763,379
66$39,430,007$20,431,343$16,723,665$33,326,617
67$43,359,675$21,340,286$17,191,715$36,130,051
68$47,687,265$22,290,863$17,672,541$39,197,348
69$52,453,274$23,285,023$18,166,479$42,554,552
70$57,702,326$24,324,807$18,673,874$46,230,329
71$63,483,594$25,412,353$19,195,079$50,256,232
72$69,851,263$26,549,901$19,730,457$54,666,990
73$76,865,044$27,739,798$20,280,379$59,500,836
74$84,590,732$28,984,502$20,845,226$64,799,858
75$93,100,832$30,286,588$21,425,386$70,610,395
76$102,475,240$31,648,755$22,021,260$76,983,462
77$112,801,999$33,073,828$22,633,257$83,975,230
78$124,178,128$34,564,771$23,261,796$91,647,550
79$136,710,537$36,124,684$23,907,306$100,068,526
80$150,517,038$37,756,820$24,570,227$109,313,156
81$165,727,456$39,464,584$25,251,010$119,464,025
82$182,484,853$41,251,546$25,950,115$130,612,086
83$200,946,881$43,121,444$26,668,017$142,857,503
84$221,287,266$45,078,198$27,405,198$156,310,590
85$243,697,449$47,125,912$28,162,155$171,092,844
86$268,388,397$49,268,889$28,939,395$187,338,085
87$295,592,585$51,511,637$29,737,437$205,193,704
88$325,566,201$53,858,880$30,556,813$224,822,047
89$358,591,556$56,315,567$31,398,069$246,401,938
90$394,979,752$58,886,887$32,261,761$270,130,355
91$435,073,617$61,578,274$33,148,460$296,224,276
92$479,250,943$64,395,427$34,058,750$324,922,719
93$527,928,050$67,344,314$34,993,230$356,488,980
94$581,563,718$70,431,192$35,952,510$391,213,110
95$640,663,515$73,662,618$36,937,216$429,414,639
96$705,784,570$77,045,463$37,947,990$471,445,575
97$777,540,835$80,586,929$38,985,486$517,693,712
98$856,608,875$84,294,564$40,050,375$568,586,279
99$943,734,259$88,176,277$41,143,342$624,593,952
100$1,039,738,598$92,240,359$42,265,088$686,235,281