Can I retire at age 54 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$959,114
2 years$511,009$501,492$492,268$483,326$474,651$437,153
3 years$337,289$327,731$318,530$309,671$301,138$264,975
4 years$250,446$240,917$231,808$223,101$214,774$180,222
5 years$198,353$188,882$179,893$171,363$163,268$130,416
6 years$163,636$154,236$145,380$137,040$129,188$98,059
7 years$138,848$129,527$120,812$112,668$105,065$75,649
8 years$120,266$111,029$102,458$94,515$87,161$59,431
9 years$105,820$96,670$88,247$80,506$73,402$47,319
10 years$94,271$85,210$76,936$69,397$62,543$38,058
11 years$84,827$75,858$67,733$60,396$53,789$30,849
12 years$76,963$68,086$60,111$52,975$46,612$25,159
13 years$70,314$61,530$53,705$46,769$40,647$20,618
14 years$64,620$55,929$48,255$41,516$35,631$16,963
15 years$59,690$51,092$43,567$37,025$31,372$13,999
16 years$55,380$46,876$39,500$33,152$27,727$11,583
17 years$51,581$43,171$35,944$29,787$24,584$9,604
18 years$48,208$39,892$32,812$26,844$21,859$7,977
19 years$45,193$36,971$30,038$24,256$19,484$6,634
20 years$42,484$34,356$27,567$21,968$17,403$5,524
21 years$40,035$32,001$25,356$19,938$15,574$4,605
22 years$37,812$29,872$23,370$18,128$13,960$3,841
23 years$35,786$27,938$21,578$16,509$12,531$3,206
24 years$33,931$26,176$19,956$15,058$11,263$2,678
25 years$32,227$24,565$18,483$13,752$10,135$2,237
26 years$30,657$23,087$17,142$12,574$9,129$1,870
27 years$29,205$21,728$15,918$11,509$8,231$1,564
28 years$27,860$20,474$14,798$10,545$7,427$1,308
29 years$26,609$19,315$13,771$9,670$6,706$1,094
30 years$25,445$18,241$12,827$8,874$6,060$916
31 years$24,357$17,244$11,958$8,150$5,478$766
32 years$23,340$16,316$11,157$7,490$4,956$641
33 years$22,386$15,452$10,418$6,888$4,485$537
34 years$21,490$14,645$9,734$6,338$4,061$449
35 years$20,647$13,890$9,100$5,834$3,678$376
36 years$19,853$13,184$8,513$5,373$3,332$315
37 years$19,103$12,522$7,968$4,951$3,020$264
38 years$18,395$11,900$7,462$4,563$2,738$221
39 years$17,725$11,316$6,991$4,207$2,483$185
40 years$17,089$10,766$6,552$3,881$2,252$155
41 years$16,487$10,248$6,144$3,580$2,043$130
42 years$15,914$9,760$5,763$3,304$1,854$109
43 years$15,370$9,299$5,408$3,050$1,683$91
44 years$14,852$8,864$5,077$2,816$1,527$76
45 years$14,358$8,453$4,767$2,601$1,387$64
46 years$13,887$8,064$4,477$2,403$1,259$53
47 years$13,438$7,695$4,206$2,220$1,143$45
48 years$13,008$7,346$3,953$2,051$1,038$37
49 years$12,597$7,015$3,715$1,896$943$31
50 years$12,204$6,701$3,493$1,752$856$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,500,000, adding $6,524 every year, while hoping to spend $24,563 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: 51/34/15 Blend
53$12,500,000$12,500,000$12,500,000$12,500,000
54$13,781,730$13,119,230$12,925,480$14,427,988
55$15,161,331$13,735,937$13,332,348$15,488,804
56$16,680,829$14,382,040$13,752,024$16,638,352
57$18,354,466$15,058,952$14,184,909$17,887,568
58$20,197,938$15,768,158$14,631,421$19,245,867
59$22,228,541$16,511,211$15,091,986$20,723,589
60$24,465,334$17,289,742$15,567,049$22,332,097
61$26,929,318$18,105,459$16,057,065$24,083,875
62$29,643,637$18,960,155$16,562,505$25,992,641
63$32,633,793$19,855,708$17,083,855$28,073,474
64$35,927,890$20,794,088$17,621,614$30,342,950
65$39,556,897$21,777,360$18,176,301$32,819,288
66$43,554,940$22,807,690$18,748,446$35,522,526
67$47,959,626$23,887,349$19,338,601$38,474,692
68$52,812,395$25,018,716$19,947,331$41,700,015
69$58,158,914$26,204,288$20,575,222$45,225,142
70$64,049,507$27,446,682$21,222,876$49,079,381
71$70,539,630$28,748,643$21,890,915$53,294,977
72$77,690,394$30,113,048$22,579,982$57,907,400
73$85,569,140$31,542,913$23,290,738$62,955,677
74$94,250,080$33,041,404$24,023,865$68,482,749
75$103,814,992$34,611,836$24,780,068$74,535,871
76$114,353,994$36,257,689$25,560,073$81,167,044
77$125,966,395$37,982,609$26,364,629$88,433,498
78$138,761,632$39,790,422$27,194,509$96,398,224
79$152,860,304$41,685,138$28,050,510$105,130,554
80$168,395,307$43,670,961$28,933,455$114,706,807
81$185,513,093$45,752,303$29,844,190$125,210,995
82$204,375,049$47,933,786$30,783,591$136,735,605
83$225,159,022$50,220,261$31,752,559$149,382,463
84$248,060,999$52,616,810$32,752,027$163,263,672
85$273,296,954$55,128,767$33,782,953$178,502,667
86$301,104,889$57,761,722$34,846,327$195,235,355
87$331,747,080$60,521,539$35,943,172$213,611,393
88$365,512,554$63,414,366$37,074,540$233,795,574
89$402,719,815$66,446,650$38,241,517$255,969,373
90$443,719,854$69,625,154$39,445,226$280,332,639
91$488,899,459$72,956,966$40,686,821$307,105,463
92$538,684,869$76,449,523$41,967,495$336,530,236
93$593,545,798$80,110,622$43,288,478$368,873,919
94$653,999,866$83,948,439$44,651,039$404,430,539
95$720,617,489$87,971,550$46,056,486$443,523,941
96$794,027,264$92,188,947$47,506,169$486,510,826
97$874,921,900$96,610,060$49,001,480$533,784,091
98$964,064,760$101,244,779$50,543,856$585,776,510
99$1,062,297,068$106,103,475$52,134,778$642,964,797
100$1,170,545,848$111,197,025$53,775,773$705,874,075