Can I retire at age 54 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$966,961
2 years$502,833$493,468$484,392$475,592$467,057$453,121
3 years$331,892$322,487$313,434$304,717$296,320$282,741
4 years$246,438$237,062$228,100$219,531$211,338$198,220
5 years$195,180$185,859$177,015$168,621$160,656$148,036
6 years$161,018$151,768$143,054$134,848$127,121$115,016
7 years$136,627$127,455$118,879$110,866$103,384$91,796
8 years$118,342$109,252$100,818$93,002$85,767$74,696
9 years$104,127$95,124$86,835$79,217$72,228$61,669
10 years$92,762$83,847$75,705$68,286$61,542$51,486
11 years$83,470$74,644$66,649$59,429$52,928$43,366
12 years$75,732$66,996$59,149$52,128$45,866$36,787
13 years$69,189$60,545$52,846$46,021$39,996$31,387
14 years$63,586$55,034$47,482$40,852$35,061$26,908
15 years$58,735$50,274$42,870$36,433$30,870$23,160
16 years$54,494$46,126$38,868$32,622$27,283$20,001
17 years$50,755$42,480$35,369$29,310$24,191$17,321
18 years$47,436$39,254$32,287$26,415$21,510$15,037
19 years$44,470$36,380$29,557$23,868$19,172$13,081
20 years$41,804$33,806$27,126$21,617$17,125$11,399
21 years$39,395$31,489$24,951$19,619$15,325$9,949
22 years$37,207$29,394$22,996$17,838$13,736$8,694
23 years$35,213$27,491$21,233$16,245$12,331$7,607
24 years$33,388$25,758$19,637$14,817$11,083$6,662
25 years$31,711$24,172$18,187$13,531$9,973$5,839
26 years$30,166$22,718$16,868$12,372$8,983$5,122
27 years$28,738$21,380$15,663$11,325$8,099$4,495
28 years$27,414$20,147$14,561$10,376$7,308$3,948
29 years$26,184$19,006$13,550$9,515$6,599$3,469
30 years$25,037$17,949$12,622$8,732$5,963$3,049
31 years$23,967$16,968$11,767$8,020$5,391$2,682
32 years$22,966$16,055$10,979$7,371$4,876$2,359
33 years$22,027$15,204$10,251$6,778$4,413$2,076
34 years$21,146$14,410$9,578$6,236$3,996$1,827
35 years$20,317$13,668$8,955$5,741$3,619$1,608
36 years$19,535$12,973$8,377$5,287$3,279$1,416
37 years$18,798$12,321$7,841$4,871$2,972$1,247
38 years$18,101$11,710$7,342$4,490$2,694$1,099
39 years$17,441$11,135$6,879$4,140$2,443$968
40 years$16,816$10,594$6,448$3,819$2,216$853
41 years$16,223$10,084$6,046$3,523$2,010$751
42 years$15,660$9,604$5,671$3,251$1,824$662
43 years$15,124$9,151$5,322$3,001$1,656$584
44 years$14,614$8,722$4,995$2,771$1,503$514
45 years$14,128$8,318$4,690$2,559$1,364$453
46 years$13,665$7,935$4,405$2,364$1,239$400
47 years$13,223$7,572$4,139$2,184$1,125$352
48 years$12,800$7,229$3,889$2,018$1,022$311
49 years$12,396$6,903$3,656$1,865$928$274
50 years$12,009$6,594$3,437$1,724$843$241

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,300,000, adding $3,296 every year, while hoping to spend $20,576 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: 42/50/8 Blend
53$12,300,000$12,300,000$12,300,000$12,300,000
54$13,558,000$12,906,100$12,715,450$14,095,509
55$14,919,023$13,516,606$13,119,525$15,080,836
56$16,418,181$14,156,337$13,536,446$16,144,765
57$18,069,542$14,826,704$13,966,624$17,296,305
58$19,888,608$15,529,185$14,410,478$18,543,442
59$21,892,462$16,265,331$14,868,445$19,894,931
60$24,099,928$17,036,767$15,340,973$21,360,377
61$26,531,750$17,845,199$15,828,525$22,950,311
62$29,210,787$18,692,412$16,331,580$24,676,291
63$32,162,230$19,580,283$16,850,630$26,551,000
64$35,413,836$20,510,775$17,386,184$28,588,358
65$38,996,194$21,485,950$17,938,768$30,803,647
66$42,943,012$22,507,968$18,508,923$33,213,647
67$47,291,436$23,579,095$19,097,209$35,836,784
68$52,082,398$24,701,706$19,704,201$38,693,299
69$57,361,006$25,878,293$20,330,496$41,805,425
70$63,176,968$27,111,469$20,976,706$45,197,588
71$69,585,060$28,403,972$21,643,467$48,896,632
72$76,645,644$29,758,675$22,331,432$52,932,055
73$84,425,240$31,178,590$23,041,274$57,336,280
74$92,997,149$32,666,876$23,773,692$62,144,949
75$102,442,150$34,226,844$24,529,402$67,397,246
76$112,849,258$35,861,969$25,309,146$73,136,254
77$124,316,569$37,575,892$26,113,689$79,409,349
78$136,952,182$39,372,433$26,943,820$86,268,632
79$150,875,219$41,255,597$27,800,353$93,771,407
80$166,216,954$43,229,584$28,684,128$101,980,704
81$183,122,050$45,298,799$29,596,012$110,965,861
82$201,749,920$47,467,862$30,536,900$120,803,159
83$222,276,240$49,741,615$31,507,714$131,576,523
84$244,894,601$52,125,139$32,509,407$143,378,298
85$269,818,339$54,623,760$33,542,961$156,310,101
86$297,282,551$57,243,065$34,609,391$170,483,757
87$327,546,308$59,988,912$35,709,743$186,022,335
88$360,895,108$62,867,445$36,845,096$203,061,285
89$397,643,566$65,885,108$38,016,564$221,749,697
90$438,138,388$69,048,656$39,225,297$242,251,678
91$482,761,640$72,365,176$40,472,480$264,747,879
92$531,934,357$75,842,100$41,759,338$289,437,170
93$586,120,519$79,487,220$43,087,133$316,538,493
94$645,831,428$83,308,710$44,457,169$346,292,893
95$711,630,538$87,315,141$45,870,789$378,965,767
96$784,138,773$91,515,504$47,329,380$414,849,332
97$864,040,389$95,919,224$48,834,375$454,265,352
98$952,089,433$100,536,190$50,387,251$497,568,140
99$1,049,116,862$105,376,770$51,989,531$545,147,859
100$1,156,038,389$110,451,840$53,642,788$597,434,173