Can I retire at age 54 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$957,525
2 years$506,921$497,480$488,330$479,459$470,854$439,635
3 years$334,590$325,109$315,982$307,194$298,729$268,539
4 years$248,442$238,989$229,954$221,316$213,056$184,126
5 years$196,766$187,371$178,454$169,992$161,962$134,370
6 years$162,327$153,002$144,217$135,944$128,155$101,924
7 years$137,738$128,491$119,845$111,767$104,224$79,353
8 years$119,304$110,140$101,638$93,759$86,464$62,935
9 years$104,974$95,897$87,541$79,861$72,815$50,602
10 years$93,517$84,529$76,320$68,841$62,042$41,111
11 years$84,149$75,251$67,191$59,913$53,358$33,672
12 years$76,348$67,541$59,630$52,551$46,239$27,755
13 years$69,752$61,037$53,276$46,395$40,322$22,996
14 years$64,103$55,481$47,869$41,184$35,346$19,131
15 years$59,212$50,683$43,219$36,729$31,121$15,969
16 years$54,937$46,501$39,184$32,887$27,505$13,367
17 years$51,168$42,826$35,656$29,549$24,388$11,214
18 years$47,822$39,573$32,549$26,629$21,684$9,426
19 years$44,832$36,676$29,797$24,062$19,328$7,935
20 years$42,144$34,081$27,347$21,793$17,264$6,689
21 years$39,715$31,745$25,154$19,778$15,449$5,645
22 years$37,510$29,633$23,183$17,983$13,848$4,768
23 years$35,499$27,715$21,405$16,377$12,431$4,031
24 years$33,659$25,967$19,796$14,937$11,173$3,409
25 years$31,969$24,369$18,335$13,641$10,054$2,886
26 years$30,411$22,903$17,005$12,473$9,056$2,443
27 years$28,972$21,554$15,791$11,417$8,165$2,070
28 years$27,637$20,310$14,680$10,460$7,368$1,754
29 years$26,397$19,160$13,661$9,592$6,653$1,486
30 years$25,241$18,095$12,724$8,803$6,011$1,260
31 years$24,162$17,106$11,863$8,085$5,435$1,069
32 years$23,153$16,186$11,068$7,431$4,916$906
33 years$22,207$15,328$10,334$6,833$4,449$769
34 years$21,318$14,527$9,656$6,287$4,028$652
35 years$20,482$13,779$9,027$5,787$3,648$553
36 years$19,694$13,078$8,445$5,330$3,306$469
37 years$18,951$12,421$7,904$4,911$2,996$398
38 years$18,248$11,805$7,402$4,527$2,716$338
39 years$17,583$11,225$6,935$4,174$2,463$287
40 years$16,953$10,680$6,500$3,850$2,234$243
41 years$16,355$10,166$6,095$3,552$2,027$207
42 years$15,787$9,682$5,717$3,278$1,839$175
43 years$15,247$9,225$5,365$3,026$1,669$149
44 years$14,733$8,793$5,036$2,794$1,515$126
45 years$14,243$8,385$4,729$2,580$1,375$107
46 years$13,776$7,999$4,441$2,383$1,249$91
47 years$13,330$7,634$4,172$2,202$1,134$77
48 years$12,904$7,287$3,921$2,035$1,030$66
49 years$12,497$6,959$3,685$1,880$935$56
50 years$12,107$6,648$3,465$1,738$850$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,400,000, adding $3,785 every year, while hoping to spend $56,832 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: 74/6/20 Blend
53$12,400,000$12,400,000$12,400,000$12,400,000
54$13,668,704$13,011,504$12,819,304$14,614,917
55$15,002,443$13,588,599$13,188,282$15,820,624
56$16,470,319$14,192,067$13,567,716$17,134,220
57$18,085,953$14,823,140$13,957,896$18,572,275
58$19,864,355$15,483,109$14,359,121$20,147,171
59$21,822,064$16,173,326$14,771,696$21,872,542
60$23,977,303$16,895,207$15,195,936$23,763,405
61$26,350,151$17,650,236$15,632,163$25,836,295
62$28,962,736$18,439,967$16,080,710$28,109,422
63$31,839,439$19,266,028$16,541,917$30,602,840
64$35,007,123$20,130,125$17,016,133$33,338,638
65$38,495,393$21,034,045$17,503,717$36,341,143
66$42,336,870$21,979,660$18,005,038$39,637,151
67$46,567,498$22,968,930$18,520,474$43,256,177
68$51,226,886$24,003,911$19,050,414$47,230,731
69$56,358,681$25,086,756$19,595,255$51,596,623
70$62,010,979$26,219,719$20,155,409$56,393,302
71$68,236,779$27,405,165$20,731,295$61,664,222
72$75,094,481$28,645,569$21,323,344$67,457,255
73$82,648,442$29,943,526$21,932,000$73,825,136
74$90,969,578$31,301,753$22,557,716$80,825,962
75$100,136,036$32,723,100$23,200,961$88,523,736
76$110,233,931$34,210,552$23,862,213$96,988,970
77$121,358,158$35,767,235$24,541,963$106,299,347
78$133,613,287$37,396,427$25,240,716$116,540,455
79$147,114,553$39,101,562$25,958,991$127,806,586
80$161,988,938$40,886,239$26,697,318$140,201,631
81$178,376,375$42,754,230$27,456,243$153,840,051
82$196,431,064$44,709,486$28,236,325$168,847,959
83$216,322,930$46,756,149$29,038,140$185,364,305
84$238,239,228$48,898,559$29,862,277$203,542,186
85$262,386,306$51,141,265$30,709,340$223,550,287
86$288,991,556$53,489,034$31,579,949$245,574,471
87$318,305,560$55,946,862$32,474,743$269,819,529
88$350,604,453$58,519,984$33,394,373$296,511,108
89$386,192,533$61,213,889$34,339,510$325,897,840
90$425,405,130$64,034,328$35,310,842$358,253,687
91$468,611,771$66,987,328$36,309,074$393,880,515
92$516,219,673$70,079,208$37,334,929$433,110,949
93$568,677,579$73,316,589$38,389,149$476,311,502
94$626,480,003$76,706,413$39,472,496$523,886,032
95$690,171,889$80,255,953$40,585,750$576,279,553
96$760,353,761$83,972,834$41,729,712$633,982,424
97$837,687,392$87,865,050$42,905,204$697,534,981
98$922,902,045$91,940,976$44,113,068$767,532,627
99$1,016,801,365$96,209,395$45,354,167$844,631,449
100$1,120,270,959$100,679,511$46,629,387$929,554,406