Can I retire at age 54 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$999,207$990,306$981,623$973,147$964,871$948,886
2 years$494,657$485,444$476,516$467,859$459,462$443,405
3 years$326,495$317,243$308,337$299,762$291,502$275,871
4 years$242,431$233,207$224,391$215,962$207,902$192,818
5 years$192,006$182,837$174,136$165,879$158,043$143,551
6 years$158,400$149,300$140,728$132,655$125,054$111,169
7 years$134,405$125,382$116,946$109,063$101,703$88,429
8 years$116,417$107,476$99,179$91,490$84,372$71,707
9 years$102,434$93,577$85,423$77,929$71,054$58,991
10 years$91,254$82,484$74,474$67,176$60,541$49,070
11 years$82,113$73,430$65,565$58,463$52,067$41,176
12 years$74,500$65,907$58,188$51,280$45,121$34,795
13 years$68,064$59,561$51,987$45,273$39,346$29,571
14 years$62,552$54,139$46,710$40,188$34,490$25,249
15 years$57,780$49,457$42,173$35,841$30,368$21,643
16 years$53,608$45,376$38,236$32,091$26,839$18,613
17 years$49,930$41,789$34,793$28,834$23,798$16,051
18 years$46,665$38,615$31,762$25,985$21,160$13,874
19 years$43,747$35,788$29,077$23,480$18,860$12,016
20 years$41,124$33,256$26,685$21,265$16,846$10,424
21 years$38,754$30,977$24,545$19,300$15,076$9,057
22 years$36,602$28,916$22,622$17,548$13,513$7,879
23 years$34,641$27,044$20,887$15,981$12,130$6,861
24 years$32,845$25,339$19,317$14,576$10,903$5,981
25 years$31,196$23,779$17,892$13,311$9,811$5,217
26 years$29,676$22,349$16,594$12,171$8,837$4,555
27 years$28,271$21,033$15,409$11,141$7,968$3,979
28 years$26,968$19,819$14,324$10,207$7,189$3,477
29 years$25,758$18,697$13,330$9,360$6,492$3,040
30 years$24,630$17,657$12,416$8,590$5,866$2,660
31 years$23,578$16,692$11,576$7,890$5,303$2,327
32 years$22,593$15,794$10,800$7,251$4,797$2,037
33 years$21,669$14,957$10,084$6,668$4,341$1,784
34 years$20,802$14,176$9,422$6,135$3,931$1,562
35 years$19,986$13,446$8,809$5,647$3,560$1,368
36 years$19,218$12,762$8,241$5,201$3,226$1,199
37 years$18,492$12,121$7,713$4,792$2,924$1,050
38 years$17,806$11,519$7,223$4,417$2,650$920
39 years$17,158$10,954$6,767$4,073$2,403$807
40 years$16,543$10,421$6,343$3,757$2,180$707
41 years$15,959$9,920$5,948$3,466$1,978$620
42 years$15,405$9,448$5,579$3,199$1,795$543
43 years$14,878$9,002$5,235$2,953$1,629$476
44 years$14,377$8,581$4,914$2,726$1,478$418
45 years$13,899$8,182$4,614$2,518$1,342$366
46 years$13,443$7,806$4,334$2,326$1,219$321
47 years$13,008$7,449$4,071$2,149$1,107$282
48 years$12,592$7,111$3,826$1,985$1,005$247
49 years$12,194$6,791$3,596$1,835$913$217
50 years$11,814$6,487$3,381$1,696$829$190

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,100,000, adding $4,465 every year, while hoping to spend $55,081 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: 77/10/13 Blend
53$12,100,000$12,100,000$12,100,000$12,100,000
54$13,338,806$12,697,506$12,509,956$14,330,849
55$14,640,758$13,261,078$12,870,433$15,548,708
56$16,073,664$13,850,419$13,241,141$16,876,376
57$17,650,821$14,466,733$13,622,363$18,330,695
58$19,386,885$15,111,283$14,014,392$19,924,271
59$21,298,000$15,785,389$14,417,528$21,670,984
60$23,401,960$16,490,437$14,832,079$23,586,118
61$25,718,368$17,227,876$15,258,361$25,686,503
62$28,268,826$17,999,227$15,696,701$27,990,672
63$31,077,137$18,806,079$16,147,431$30,519,034
64$34,169,530$19,650,102$16,610,895$33,294,067
65$37,574,906$20,533,041$17,087,444$36,340,526
66$41,325,113$21,456,727$17,577,440$39,685,676
67$45,455,245$22,423,077$18,081,254$43,359,546
68$50,003,972$23,434,099$18,599,268$47,395,212
69$55,013,906$24,491,899$19,131,873$51,829,105
70$60,532,003$25,598,681$19,679,470$56,701,356
71$66,610,007$26,756,756$20,242,471$62,056,167
72$73,304,935$27,968,545$20,821,301$67,942,233
73$80,679,618$29,236,583$21,416,395$74,413,192
74$88,803,292$30,563,529$22,028,197$81,528,134
75$97,752,254$31,952,167$22,657,167$89,352,151
76$107,610,576$33,405,416$23,303,775$97,956,954
77$118,470,907$34,926,334$23,968,504$107,421,544
78$130,435,339$36,518,124$24,651,848$117,832,953
79$143,616,376$38,184,144$25,354,317$129,287,067
80$158,137,992$39,927,913$26,076,433$141,889,522
81$174,136,805$41,753,118$26,818,731$155,756,702
82$191,763,362$43,663,624$27,581,761$171,016,832
83$211,183,563$45,663,479$28,366,088$187,811,187
84$232,580,225$47,756,928$29,172,291$206,295,417
85$256,154,808$49,948,418$30,000,963$226,641,016
86$282,129,319$52,242,611$30,852,715$249,036,936
87$310,748,400$54,644,390$31,728,172$273,691,364
88$342,281,648$57,158,876$32,627,977$300,833,686
89$377,026,150$59,791,434$33,552,787$330,716,645
90$415,309,291$62,547,689$34,503,280$363,618,722
91$457,491,848$65,433,534$35,480,149$399,846,760
92$503,971,386$68,455,148$36,484,104$439,738,856
93$555,186,022$71,619,004$37,515,876$483,667,546
94$611,618,551$74,931,891$38,576,213$532,043,315
95$673,801,011$78,400,921$39,665,883$585,318,466
96$742,319,698$82,033,550$40,785,674$643,991,386
97$817,820,708$85,837,594$41,936,395$708,611,240
98$901,016,029$89,821,245$43,118,873$779,783,151
99$992,690,268$93,993,090$44,333,959$858,173,904
100$1,093,708,053$98,362,129$45,582,524$944,518,233