Can I retire at age 54 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$982,691$973,938$965,398$957,062$948,923$927,490
2 years$486,481$477,420$468,640$460,126$451,868$430,390
3 years$321,099$311,999$303,241$294,807$286,684$265,831
4 years$238,424$229,353$220,682$212,392$204,465$184,398
5 years$188,832$179,815$171,258$163,137$155,431$136,206
6 years$155,782$146,833$138,402$130,462$122,987$104,625
7 years$132,184$123,310$115,013$107,260$100,022$82,524
8 years$114,493$105,699$97,540$89,978$82,978$66,339
9 years$100,741$92,030$84,011$76,641$69,879$54,087
10 years$89,746$81,120$73,243$66,065$59,541$44,578
11 years$80,756$72,217$64,482$57,497$51,207$37,054
12 years$73,269$64,818$57,226$50,432$44,375$31,009
13 years$66,939$58,576$51,128$44,524$38,696$26,092
14 years$61,518$53,244$45,938$39,524$33,920$22,053
15 years$56,825$48,640$41,476$35,248$29,866$18,709
16 years$52,721$44,626$37,604$31,561$26,396$15,920
17 years$49,105$41,099$34,218$28,357$23,404$13,582
18 years$45,894$37,977$31,237$25,556$20,810$11,612
19 years$43,024$35,197$28,596$23,092$18,548$9,946
20 years$40,444$32,707$26,244$20,914$16,568$8,532
21 years$38,113$30,465$24,139$18,981$14,826$7,328
22 years$35,997$28,438$22,248$17,258$13,290$6,302
23 years$34,068$26,597$20,542$15,717$11,930$5,424
24 years$32,302$24,920$18,998$14,335$10,723$4,673
25 years$30,680$23,386$17,596$13,091$9,649$4,028
26 years$29,185$21,979$16,319$11,970$8,691$3,474
27 years$27,803$20,685$15,154$10,957$7,836$2,998
28 years$26,523$19,491$14,088$10,039$7,070$2,589
29 years$25,332$18,388$13,110$9,206$6,384$2,236
30 years$24,223$17,365$12,211$8,448$5,769$1,932
31 years$23,188$16,416$11,384$7,759$5,215$1,670
32 years$22,219$15,533$10,622$7,131$4,718$1,443
33 years$21,311$14,710$9,917$6,557$4,270$1,248
34 years$20,458$13,942$9,266$6,033$3,866$1,079
35 years$19,656$13,223$8,663$5,554$3,501$933
36 years$18,900$12,551$8,104$5,115$3,172$807
37 years$18,186$11,921$7,586$4,713$2,875$699
38 years$17,512$11,329$7,104$4,344$2,607$604
39 years$16,874$10,773$6,655$4,005$2,364$523
40 years$16,269$10,249$6,238$3,694$2,144$453
41 years$15,695$9,756$5,849$3,409$1,945$392
42 years$15,150$9,292$5,487$3,146$1,765$339
43 years$14,632$8,853$5,149$2,904$1,602$293
44 years$14,139$8,439$4,833$2,681$1,454$254
45 years$13,669$8,047$4,538$2,476$1,320$220
46 years$13,221$7,677$4,262$2,287$1,198$190
47 years$12,793$7,326$4,004$2,113$1,088$165
48 years$12,384$6,994$3,763$1,953$988$143
49 years$11,993$6,678$3,537$1,805$898$123
50 years$11,619$6,379$3,325$1,668$815$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $11,900,000, adding $4,644 every year, while hoping to spend $35,560 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: 45/42/13 Blend
53$11,900,000$11,900,000$11,900,000$11,900,000
54$13,118,590$12,487,890$12,303,440$13,660,113
55$14,418,851$13,061,961$12,677,770$14,611,149
56$15,850,546$13,662,970$13,063,448$15,637,821
57$17,427,045$14,292,199$13,460,817$16,750,308
58$19,163,079$14,950,992$13,870,229$17,956,555
59$21,074,880$15,640,757$14,292,049$19,265,280
60$23,180,336$16,362,973$14,726,651$20,686,056
61$25,499,156$17,119,184$15,174,419$22,229,389
62$28,053,061$17,911,015$15,635,753$23,906,819
63$30,865,983$18,740,164$16,111,061$25,731,019
64$33,964,296$19,608,415$16,600,763$27,715,908
65$37,377,061$20,517,634$17,105,296$29,876,780
66$41,136,302$21,469,780$17,625,105$32,230,439
67$45,277,310$22,466,904$18,160,651$34,795,350
68$49,838,972$23,511,158$18,712,409$37,591,809
69$54,864,140$24,604,798$19,280,867$40,642,127
70$60,400,034$25,750,185$19,866,529$43,970,829
71$66,498,693$26,949,799$20,469,912$47,604,881
72$73,217,456$28,206,236$21,091,551$51,573,936
73$80,619,515$29,522,220$21,731,996$55,910,603
74$88,774,501$30,900,604$22,391,813$60,650,746
75$97,759,146$32,344,380$23,071,586$65,833,814
76$107,658,010$33,856,685$23,771,914$71,503,201
77$118,564,271$35,440,807$24,493,418$77,706,649
78$130,580,614$37,100,193$25,236,734$84,496,680
79$143,820,191$38,838,457$26,002,519$91,931,090
80$158,407,696$40,659,387$26,791,449$100,073,474
81$174,480,538$42,566,955$27,604,220$108,993,816
82$192,190,141$44,565,324$28,441,550$118,769,138
83$211,703,371$46,658,860$29,304,177$129,484,211
84$233,204,109$48,852,139$30,192,861$141,232,343
85$256,894,993$51,149,958$31,108,387$154,116,239
86$282,999,326$53,557,349$32,051,561$168,248,960
87$311,763,183$56,079,585$33,023,214$183,754,970
88$343,457,738$58,722,195$34,024,202$200,771,297
89$378,381,821$61,490,977$35,055,407$219,448,802
90$416,864,740$64,392,008$36,117,736$239,953,589
91$459,269,387$67,431,660$37,212,124$262,468,550
92$505,995,669$70,616,615$38,339,534$287,195,072
93$557,484,276$73,953,879$39,500,958$314,354,913
94$614,220,848$77,450,795$40,697,417$344,192,275
95$676,740,556$81,115,066$41,929,961$376,976,084
96$745,633,154$84,954,764$43,199,676$413,002,502
97$821,548,545$88,978,358$44,507,675$452,597,697
98$905,202,923$93,194,723$45,855,107$496,120,893
99$997,385,524$97,613,167$47,243,157$543,967,735
100$1,098,966,085$102,243,450$48,673,040$596,573,988