Can I retire at age 54 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$994,711
2 years$519,185$509,516$500,145$491,059$482,246$464,168
3 years$342,685$332,974$323,627$314,626$305,956$288,368
4 years$254,453$244,771$235,517$226,670$218,211$201,248
5 years$201,527$191,904$182,771$174,105$165,880$149,591
6 years$166,255$156,704$147,706$139,233$131,255$115,659
7 years$141,070$131,600$122,745$114,471$106,746$91,845
8 years$122,190$112,805$104,097$96,027$88,556$74,349
9 years$107,513$98,217$89,659$81,794$74,577$61,054
10 years$95,779$86,574$78,167$70,507$63,543$50,694
11 years$86,184$77,071$68,817$61,362$54,649$42,458
12 years$78,195$69,175$61,073$53,823$47,358$35,809
13 years$71,439$62,514$54,565$47,517$41,297$30,373
14 years$65,654$56,824$49,027$42,181$36,201$25,881
15 years$60,645$51,909$44,264$37,618$31,874$22,139
16 years$56,266$47,626$40,132$33,683$28,170$18,999
17 years$52,406$43,862$36,519$30,264$24,978$16,349
18 years$48,979$40,530$33,337$27,274$22,209$14,101
19 years$45,916$37,563$30,518$24,644$19,795$12,186
20 years$43,163$34,905$28,008$22,320$17,682$10,548
21 years$40,676$32,513$25,762$20,257$15,823$9,144
22 years$38,417$30,350$23,744$18,418$14,183$7,936
23 years$36,358$28,385$21,923$16,774$12,732$6,895
24 years$34,474$26,595$20,275$15,299$11,443$5,996
25 years$32,743$24,958$18,779$13,972$10,297$5,218
26 years$31,147$23,457$17,417$12,775$9,276$4,545
27 years$29,672$22,076$16,173$11,693$8,363$3,960
28 years$28,306$20,802$15,035$10,713$7,546$3,453
29 years$27,035$19,624$13,991$9,824$6,814$3,012
30 years$25,852$18,533$13,032$9,016$6,157$2,628
31 years$24,747$17,520$12,150$8,281$5,566$2,294
32 years$23,713$16,577$11,336$7,610$5,035$2,003
33 years$22,744$15,699$10,584$6,998$4,557$1,749
34 years$21,834$14,879$9,889$6,439$4,126$1,528
35 years$20,977$14,112$9,246$5,927$3,737$1,335
36 years$20,171$13,395$8,649$5,459$3,386$1,167
37 years$19,409$12,722$8,095$5,030$3,068$1,020
38 years$18,689$12,090$7,581$4,636$2,782$891
39 years$18,008$11,497$7,103$4,275$2,523$779
40 years$17,363$10,938$6,657$3,943$2,288$681
41 years$16,751$10,412$6,242$3,638$2,076$596
42 years$16,169$9,916$5,856$3,357$1,884$521
43 years$15,616$9,448$5,495$3,099$1,710$455
44 years$15,089$9,006$5,158$2,861$1,552$398
45 years$14,588$8,588$4,843$2,643$1,409$348
46 years$14,109$8,193$4,549$2,441$1,279$305
47 years$13,653$7,818$4,273$2,255$1,161$266
48 years$13,216$7,464$4,016$2,084$1,055$233
49 years$12,799$7,127$3,775$1,926$958$204
50 years$12,400$6,808$3,549$1,780$870$178

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,700,000, adding $6,826 every year, while hoping to spend $31,774 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: 56/20/24 Blend
53$12,700,000$12,700,000$12,700,000$12,700,000
54$14,002,441$13,329,341$13,132,491$14,694,537
55$15,396,883$13,948,671$13,538,622$15,788,810
56$16,932,493$14,597,284$13,957,294$16,976,471
57$18,623,636$15,276,580$14,388,892$18,269,762
58$20,486,143$15,988,029$14,833,817$19,678,858
59$22,537,457$16,733,170$15,292,477$21,214,950
60$24,796,800$17,513,617$15,765,297$22,890,341
61$27,285,352$18,331,063$16,252,712$24,718,568
62$30,026,453$19,187,280$16,755,174$26,714,518
63$33,045,824$20,084,129$17,273,145$28,894,568
64$36,371,805$21,023,559$17,807,103$31,276,735
65$40,035,629$22,007,614$18,357,540$33,880,845
66$44,071,711$23,038,434$18,924,966$36,728,711
67$48,517,976$24,118,267$19,509,902$39,844,338
68$53,416,214$25,249,467$20,112,888$43,254,145
69$58,812,478$26,434,502$20,734,481$46,987,208
70$64,757,518$27,675,960$21,375,253$51,075,529
71$71,307,256$28,976,553$22,035,795$55,554,336
72$78,523,318$30,339,126$22,716,716$60,462,407
73$86,473,615$31,766,661$23,418,644$65,842,432
74$95,232,980$33,262,284$24,142,225$71,741,410
75$104,883,881$34,829,273$24,888,127$78,211,086
76$115,517,194$36,471,064$25,657,036$85,308,432
77$127,233,062$38,191,261$26,449,661$93,096,181
78$140,141,842$39,993,640$27,266,732$101,643,411
79$154,365,144$41,882,162$28,109,002$111,026,187
80$170,036,981$43,860,981$28,977,246$121,328,274
81$187,305,033$45,934,449$29,872,263$132,641,921
82$206,332,041$48,107,132$30,794,879$145,068,722
83$227,297,344$50,383,816$31,745,942$158,720,564
84$250,398,569$52,769,519$32,726,328$173,720,678
85$275,853,503$55,269,505$33,736,939$190,204,792
86$303,902,139$57,889,289$34,778,705$208,322,399
87$334,808,950$60,634,658$35,852,585$228,238,163
88$368,865,384$63,511,677$36,959,567$250,133,459
89$406,392,610$66,526,706$38,100,670$274,208,075
90$447,744,556$69,686,414$39,276,942$300,682,086
91$493,311,248$72,997,796$40,489,467$329,797,922
92$543,522,490$76,468,182$41,739,359$361,822,638
93$598,851,923$80,105,263$43,027,767$397,050,425
94$659,821,498$83,917,100$44,355,876$435,805,377
95$727,006,400$87,912,147$45,724,907$478,444,526
96$801,040,481$92,099,269$47,136,119$525,361,209
97$882,622,239$96,487,763$48,590,808$576,988,756
98$972,521,419$101,087,375$50,090,312$633,804,567
99$1,071,586,274$105,908,327$51,636,008$696,334,603
100$1,180,751,576$110,961,337$53,229,316$765,158,333