Can I retire at age 54 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$985,261
2 years$515,097$505,504$496,207$487,192$478,448$458,901
3 years$339,987$330,352$321,079$312,149$303,547$284,543
4 years$252,449$242,844$233,663$224,886$216,493$198,177
5 years$199,940$190,393$181,332$172,734$164,574$147,000
6 years$164,946$155,470$146,543$138,137$130,222$113,409
7 years$139,959$130,563$121,778$113,570$105,905$89,857
8 years$121,228$111,917$103,277$95,271$87,859$72,570
9 years$106,667$97,444$88,953$81,150$73,990$59,452
10 years$95,025$85,892$77,551$69,952$63,043$49,242
11 years$85,506$76,465$68,275$60,879$54,219$41,139
12 years$77,579$68,630$60,592$53,399$46,985$34,607
13 years$70,877$62,022$54,135$47,143$40,972$29,275
14 years$65,137$56,376$48,641$41,849$35,916$24,879
15 years$60,167$51,501$43,916$37,322$31,623$21,223
16 years$55,823$47,251$39,816$33,417$27,949$18,162
17 years$51,993$43,516$36,231$30,025$24,781$15,584
18 years$48,593$40,211$33,074$27,059$22,034$13,402
19 years$45,555$37,267$30,278$24,450$19,640$11,547
20 years$42,823$34,630$27,788$22,144$17,542$9,966
21 years$40,355$32,257$25,559$20,097$15,698$8,612
22 years$38,115$30,111$23,557$18,273$14,071$7,452
23 years$36,072$28,162$21,751$16,642$12,631$6,454
24 years$34,202$26,386$20,116$15,178$11,353$5,595
25 years$32,485$24,762$18,631$13,862$10,216$4,854
26 years$30,902$23,272$17,279$12,674$9,202$4,214
27 years$29,439$21,902$16,045$11,601$8,297$3,660
28 years$28,083$20,638$14,916$10,629$7,486$3,181
29 years$26,822$19,470$13,881$9,747$6,760$2,765
30 years$25,648$18,387$12,930$8,945$6,108$2,405
31 years$24,552$17,382$12,054$8,216$5,522$2,092
32 years$23,526$16,447$11,246$7,550$4,995$1,821
33 years$22,565$15,575$10,501$6,943$4,521$1,585
34 years$21,662$14,762$9,811$6,388$4,093$1,380
35 years$20,812$14,001$9,173$5,881$3,707$1,202
36 years$20,012$13,289$8,581$5,416$3,359$1,046
37 years$19,256$12,622$8,032$4,990$3,044$911
38 years$18,542$11,995$7,521$4,600$2,760$794
39 years$17,867$11,406$7,047$4,241$2,503$692
40 years$17,226$10,852$6,605$3,912$2,270$603
41 years$16,619$10,330$6,193$3,609$2,060$525
42 years$16,042$9,838$5,810$3,331$1,869$458
43 years$15,493$9,374$5,451$3,075$1,696$399
44 years$14,971$8,935$5,117$2,839$1,540$348
45 years$14,473$8,520$4,805$2,622$1,398$303
46 years$13,998$8,128$4,513$2,422$1,269$264
47 years$13,545$7,757$4,240$2,237$1,152$230
48 years$13,112$7,405$3,984$2,068$1,046$201
49 years$12,698$7,071$3,745$1,911$950$175
50 years$12,302$6,755$3,521$1,766$863$152

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,600,000, adding $3,594 every year, while hoping to spend $51,247 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: 55/39/6 Blend
53$12,600,000$12,600,000$12,600,000$12,600,000
54$13,888,907$13,221,107$13,025,807$14,634,398
55$15,251,049$13,814,415$13,407,645$15,730,895
56$16,750,412$14,435,077$13,800,557$16,918,075
57$18,400,939$15,084,381$14,204,860$18,209,303
58$20,217,991$15,763,672$14,620,880$19,614,462
59$22,218,498$16,474,364$15,048,951$21,144,411
60$24,421,112$17,217,935$15,489,419$22,811,081
61$26,846,387$17,995,935$15,942,636$24,627,587
62$29,516,972$18,809,989$16,408,967$26,608,343
63$32,457,822$19,661,797$16,888,786$28,769,193
64$35,696,437$20,553,143$17,382,478$31,127,560
65$39,263,120$21,485,893$17,890,438$33,702,599
66$43,191,263$22,462,007$18,413,072$36,515,373
67$47,517,661$23,483,534$18,950,799$39,589,051
68$52,282,859$24,552,624$19,504,047$42,949,113
69$57,531,537$25,671,529$20,073,259$46,623,587
70$63,312,929$26,842,609$20,658,888$50,643,308
71$69,681,288$28,068,337$21,261,401$55,042,201
72$76,696,398$29,351,304$21,881,277$59,857,590
73$84,424,139$30,694,227$22,519,008$65,130,548
74$92,937,108$32,099,951$23,175,102$70,906,270
75$102,315,304$33,571,459$23,850,079$77,234,498
76$112,646,882$35,111,878$24,544,474$84,169,974
77$124,028,987$36,724,482$25,258,836$91,772,953
78$136,568,668$38,412,707$25,993,732$100,109,756
79$150,383,892$40,180,149$26,749,741$109,253,392
80$165,604,653$42,030,580$27,527,461$119,284,231
81$182,374,202$43,967,952$28,327,506$130,290,752
82$200,850,397$45,996,410$29,150,504$142,370,367
83$221,207,197$48,120,293$29,997,105$155,630,330
84$243,636,297$50,344,153$30,867,975$170,188,730
85$268,348,944$52,672,761$31,763,796$186,175,597
86$295,577,925$55,111,115$32,685,272$203,734,115
87$325,579,770$57,664,456$33,633,125$223,021,954
88$358,637,170$60,338,278$34,608,098$244,212,747
89$395,061,644$63,138,337$35,610,952$267,497,709
90$435,196,485$66,070,668$36,642,472$293,087,427
91$479,419,994$69,141,598$37,703,463$321,213,829
92$528,149,055$72,357,758$38,794,750$352,132,352
93$581,843,069$75,726,099$39,917,185$386,124,336
94$641,008,291$79,253,907$41,071,640$423,499,657
95$706,202,609$82,948,820$42,259,011$464,599,632
96$778,040,808$86,818,846$43,480,222$509,800,217
97$857,200,378$90,872,377$44,736,216$559,515,530
98$944,427,905$95,118,212$46,027,969$614,201,737
99$1,040,546,123$99,565,575$47,356,477$674,361,334
100$1,146,461,675$104,224,137$48,722,767$740,547,857