Can I retire at age 54 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$974,433$965,753$957,285$949,019$940,949$918,201
2 years$482,393$473,408$464,701$456,259$448,071$425,290
3 years$318,401$309,378$300,693$292,330$284,274$262,172
4 years$236,421$227,425$218,827$210,607$202,747$181,493
5 years$187,245$178,304$169,819$161,766$154,125$133,779
6 years$154,473$145,599$137,239$129,366$121,954$102,537
7 years$131,073$122,274$114,046$106,359$99,181$80,695
8 years$113,531$104,811$96,720$89,222$82,280$64,717
9 years$99,894$91,257$83,305$75,997$69,292$52,638
10 years$88,992$80,438$72,627$65,510$59,040$43,276
11 years$80,077$71,610$63,940$57,014$50,777$35,880
12 years$72,653$64,273$56,745$50,009$44,002$29,948
13 years$66,377$58,084$50,698$44,150$38,370$25,132
14 years$61,001$52,797$45,552$39,192$33,635$21,184
15 years$56,347$48,231$41,128$34,952$29,615$17,921
16 years$52,278$44,251$37,288$31,296$26,174$15,207
17 years$48,692$40,753$33,931$28,119$23,208$12,936
18 years$45,508$37,658$30,974$25,341$20,635$11,027
19 years$42,662$34,901$28,356$22,898$18,393$9,417
20 years$40,104$32,432$26,023$20,738$16,429$8,054
21 years$37,793$30,209$23,936$18,821$14,702$6,896
22 years$35,695$28,199$22,061$17,113$13,178$5,912
23 years$33,782$26,374$20,370$15,585$11,829$5,073
24 years$32,031$24,711$18,838$14,214$10,633$4,356
25 years$30,422$23,190$17,448$12,981$9,568$3,743
26 years$28,940$21,795$16,182$11,870$8,618$3,218
27 years$27,570$20,511$15,027$10,864$7,770$2,768
28 years$26,300$19,328$13,969$9,954$7,011$2,382
29 years$25,119$18,233$13,000$9,128$6,331$2,051
30 years$24,020$17,219$12,109$8,377$5,720$1,766
31 years$22,993$16,278$11,289$7,694$5,172$1,521
32 years$22,033$15,402$10,532$7,071$4,678$1,311
33 years$21,132$14,586$9,834$6,502$4,234$1,130
34 years$20,286$13,825$9,188$5,983$3,833$974
35 years$19,491$13,112$8,591$5,507$3,472$839
36 years$18,741$12,446$8,036$5,072$3,146$724
37 years$18,034$11,820$7,522$4,673$2,851$624
38 years$17,365$11,234$7,044$4,308$2,585$538
39 years$16,732$10,682$6,599$3,972$2,344$464
40 years$16,132$10,163$6,186$3,663$2,126$400
41 years$15,564$9,674$5,800$3,380$1,929$345
42 years$15,023$9,213$5,441$3,119$1,750$298
43 years$14,509$8,779$5,105$2,879$1,588$257
44 years$14,020$8,368$4,792$2,659$1,442$221
45 years$13,554$7,979$4,500$2,455$1,309$191
46 years$13,109$7,612$4,226$2,268$1,188$165
47 years$12,685$7,264$3,971$2,095$1,079$142
48 years$12,280$6,935$3,731$1,936$980$123
49 years$11,892$6,622$3,507$1,789$890$106
50 years$11,521$6,326$3,297$1,654$808$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,800,000, adding $5,123 every year, while hoping to spend $33,859 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: 48/31/21 Blend
53$11,800,000$11,800,000$11,800,000$11,800,000
54$13,008,884$12,383,484$12,200,584$13,555,742
55$14,299,765$12,954,249$12,573,278$14,508,002
56$15,721,180$13,551,847$12,957,323$15,537,638
57$17,286,410$14,177,557$13,353,062$16,655,029
58$19,010,085$14,832,718$13,760,851$17,868,427
59$20,908,330$15,518,738$14,181,055$19,186,897
60$22,998,911$16,237,087$14,614,052$20,620,398
61$25,301,406$16,989,310$15,060,229$22,179,871
62$27,837,388$17,777,026$15,519,986$23,877,342
63$30,630,631$18,601,929$15,993,735$25,726,027
64$33,707,331$19,465,799$16,481,900$27,740,452
65$37,096,353$20,370,498$16,984,918$29,936,588
66$40,829,508$21,317,979$17,503,240$32,331,993
67$44,941,849$22,310,292$18,037,330$34,945,977
68$49,472,002$23,349,580$18,587,665$37,799,772
69$54,462,533$24,438,096$19,154,738$40,916,733
70$59,960,346$25,578,197$19,739,056$44,322,548
71$66,017,129$26,772,357$20,341,142$48,045,475
72$72,689,839$28,023,165$20,961,534$52,116,602
73$80,041,244$29,333,341$21,600,786$56,570,134
74$88,140,508$30,705,733$22,259,470$61,443,707
75$97,063,852$32,143,326$22,938,174$66,778,738
76$106,895,267$33,649,251$23,637,505$72,620,805
77$117,727,309$35,226,789$24,358,087$79,020,068
78$129,661,975$36,879,382$25,100,563$86,031,738
79$142,811,660$38,610,636$25,865,596$93,716,586
80$157,300,225$40,424,332$26,653,869$102,141,506
81$173,264,159$42,324,436$27,466,084$111,380,138
82$190,853,873$44,315,103$28,302,968$121,513,552
83$210,235,116$46,400,691$29,165,265$132,631,002
84$231,590,541$48,585,768$30,053,745$144,830,757
85$255,121,431$50,875,125$30,969,200$158,221,017
86$281,049,593$53,273,782$31,912,444$172,920,919
87$309,619,460$55,787,006$32,884,320$189,061,653
88$341,100,392$58,420,317$33,885,692$206,787,684
89$375,789,221$61,179,501$34,917,451$226,258,099
90$414,013,054$64,070,628$35,980,517$247,648,097
91$456,132,357$67,100,061$37,075,836$271,150,627
92$502,544,363$70,274,469$38,204,383$296,978,188
93$553,686,818$73,600,849$39,367,160$325,364,825
94$610,042,117$77,086,534$40,565,203$356,568,313
95$672,141,851$80,739,213$41,799,576$390,872,576
96$740,571,836$84,566,950$43,071,377$428,590,347
97$815,977,631$88,578,198$44,381,737$470,066,096
98$899,070,643$92,781,823$45,731,818$515,679,265
99$990,634,835$97,187,120$47,122,821$565,847,822
100$1,091,534,134$101,803,834$48,555,981$621,032,186