Can I retire at age 54 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$990,949$982,122$973,510$965,105$956,897$937,577
2 years$490,569$481,432$472,578$463,993$455,665$436,285
3 years$323,797$314,621$305,789$297,285$289,093$270,257
4 years$240,428$231,280$222,536$214,177$206,183$188,038
5 years$190,419$181,326$172,697$164,508$156,737$139,333
6 years$157,091$148,067$139,565$131,559$124,021$107,377
7 years$133,294$124,346$115,979$108,162$100,862$84,982
8 years$115,455$106,588$98,360$90,734$83,675$68,554
9 years$101,588$92,804$84,717$77,285$70,466$56,094
10 years$90,500$81,802$73,858$66,621$60,041$46,404
11 years$81,434$72,823$65,024$57,980$51,637$38,718
12 years$73,885$65,362$57,707$50,856$44,748$32,528
13 years$67,502$59,068$51,557$44,898$39,021$27,480
14 years$62,035$53,692$46,324$39,856$34,205$23,322
15 years$57,302$49,048$41,825$35,544$30,117$19,867
16 years$53,165$45,001$37,920$31,826$26,618$16,978
17 years$49,518$41,444$34,506$28,595$23,601$14,547
18 years$46,279$38,296$31,499$25,770$20,985$12,492
19 years$43,385$35,493$28,836$23,286$18,704$10,747
20 years$40,784$32,981$26,464$21,090$16,707$9,261
21 years$38,434$30,721$24,342$19,140$14,951$7,992
22 years$36,300$28,677$22,435$17,403$13,401$6,904
23 years$34,354$26,821$20,715$15,849$12,030$5,970
24 years$32,574$25,129$19,158$14,455$10,813$5,168
25 years$30,938$23,583$17,744$13,201$9,730$4,476
26 years$29,430$22,164$16,457$12,071$8,764$3,879
27 years$28,037$20,859$15,281$11,049$7,902$3,364
28 years$26,745$19,655$14,206$10,123$7,130$2,919
29 years$25,545$18,542$13,220$9,283$6,438$2,533
30 years$24,427$17,511$12,314$8,519$5,817$2,200
31 years$23,383$16,554$11,480$7,824$5,259$1,911
32 years$22,406$15,663$10,711$7,191$4,757$1,660
33 years$21,490$14,834$10,001$6,613$4,305$1,442
34 years$20,630$14,059$9,344$6,084$3,898$1,254
35 years$19,821$13,335$8,736$5,601$3,531$1,090
36 years$19,059$12,656$8,172$5,158$3,199$948
37 years$18,339$12,021$7,649$4,753$2,899$824
38 years$17,659$11,424$7,163$4,381$2,629$717
39 years$17,016$10,863$6,711$4,039$2,384$623
40 years$16,406$10,335$6,290$3,725$2,162$542
41 years$15,827$9,838$5,898$3,437$1,961$472
42 years$15,278$9,370$5,533$3,172$1,780$410
43 years$14,755$8,927$5,192$2,928$1,615$357
44 years$14,258$8,510$4,873$2,704$1,466$311
45 years$13,784$8,115$4,576$2,497$1,331$270
46 years$13,332$7,741$4,298$2,307$1,209$235
47 years$12,900$7,387$4,038$2,131$1,097$205
48 years$12,488$7,052$3,794$1,969$997$178
49 years$12,094$6,735$3,567$1,820$905$155
50 years$11,716$6,433$3,353$1,682$822$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,000,000, adding $4,985 every year, while hoping to spend $39,188 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: 62/30/8 Blend
53$12,000,000$12,000,000$12,000,000$12,000,000
54$13,229,142$12,593,142$12,407,142$14,027,149
55$14,536,819$13,168,510$12,781,086$15,136,368
56$15,976,565$13,770,758$13,166,243$16,341,538
57$17,561,811$14,401,161$13,562,948$17,655,938
58$19,307,354$15,061,057$13,971,545$19,090,128
59$21,229,501$15,751,846$14,392,389$20,655,719
60$23,346,221$16,474,996$14,825,845$22,365,479
61$25,677,312$17,232,048$15,272,287$24,233,454
62$28,244,592$18,024,613$15,732,103$26,275,088
63$31,072,103$18,854,381$16,205,691$28,507,372
64$34,186,337$19,723,125$16,693,461$30,948,999
65$37,616,486$20,632,701$17,195,835$33,620,535
66$41,394,720$21,585,056$17,713,247$36,544,605
67$45,556,486$22,582,228$18,246,146$39,746,109
68$50,140,846$23,626,356$18,794,991$43,252,447
69$55,190,846$24,719,681$19,360,256$47,093,773
70$60,753,918$25,864,551$19,942,430$51,303,274
71$66,882,332$27,063,429$20,542,016$55,917,481
72$73,633,687$28,318,894$21,159,531$60,976,602
73$81,071,455$29,633,651$21,795,507$66,524,898
74$89,265,580$31,010,537$22,450,493$72,611,097
75$98,293,138$32,452,522$23,125,053$79,288,842
76$108,239,065$33,962,722$23,819,769$86,617,193
77$119,196,957$35,544,403$24,535,239$94,661,177
78$131,269,956$37,200,988$25,272,079$103,492,391
79$144,571,720$38,936,065$26,030,922$113,189,674
80$159,227,499$40,753,395$26,812,421$123,839,840
81$175,375,316$42,656,924$27,617,249$135,538,488
82$193,167,268$44,650,783$28,446,097$148,390,895
83$212,770,965$46,739,307$29,299,677$162,513,002
84$234,371,110$48,927,039$30,178,722$178,032,496
85$258,171,240$51,218,741$31,083,987$195,090,003
86$284,395,653$53,619,407$32,016,247$213,840,409
87$313,291,522$56,134,269$32,976,303$234,454,303
88$345,131,225$58,768,817$33,964,978$257,119,584
89$380,214,924$61,528,802$34,983,118$282,043,212
90$418,873,389$64,420,257$36,031,596$309,453,155
91$461,471,129$67,449,504$37,111,309$339,600,523
92$508,409,828$70,623,173$38,223,181$372,761,926
93$560,132,135$73,948,213$39,368,163$409,242,066
94$617,125,850$77,431,913$40,547,233$449,376,602
95$679,928,522$81,081,911$41,761,400$493,535,296
96$749,132,524$84,906,219$43,011,701$542,125,489
97$825,390,651$88,913,232$44,299,202$595,595,927
98$909,422,275$93,111,758$45,625,002$654,440,977
99$1,002,020,140$97,511,028$46,990,233$719,205,271
100$1,104,057,847$102,120,721$48,396,058$790,488,833