Can I retire at age 54 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$987,622
2 years$523,273$513,528$504,083$494,925$486,043$453,037
3 years$345,384$335,596$326,175$317,104$308,366$276,459
4 years$256,456$246,699$237,372$228,455$219,929$189,365
5 years$203,114$193,415$184,210$175,476$167,186$138,048
6 years$167,564$157,938$148,869$140,329$132,289$104,599
7 years$142,181$132,636$123,711$115,372$107,586$81,342
8 years$123,152$113,693$104,917$96,783$89,253$64,437
9 years$108,360$98,991$90,365$82,438$75,164$51,746
10 years$96,533$87,255$78,782$71,062$64,044$41,988
11 years$86,863$77,678$69,359$61,845$55,080$34,346
12 years$78,810$69,720$61,554$54,247$47,731$28,273
13 years$72,002$63,006$54,994$47,892$41,622$23,393
14 years$66,171$57,271$49,413$42,513$36,486$19,434
15 years$61,122$52,318$44,613$37,914$32,125$16,200
16 years$56,709$48,001$40,448$33,948$28,392$13,540
17 years$52,819$44,207$36,806$30,502$25,174$11,343
18 years$49,365$40,849$33,599$27,488$22,384$9,520
19 years$46,278$37,859$30,759$24,838$19,951$8,003
20 years$43,503$35,180$28,229$22,496$17,821$6,736
21 years$40,996$32,769$25,965$20,416$15,948$5,675
22 years$38,720$30,589$23,931$18,563$14,295$4,786
23 years$36,645$28,609$22,096$16,906$12,832$4,040
24 years$34,745$26,805$20,435$15,419$11,534$3,412
25 years$33,000$25,155$18,927$14,082$10,378$2,883
26 years$31,392$23,642$17,554$12,875$9,349$2,437
27 years$29,906$22,249$16,300$11,785$8,428$2,061
28 years$28,528$20,966$15,153$10,798$7,605$1,743
29 years$27,248$19,779$14,101$9,902$6,867$1,475
30 years$26,055$18,679$13,135$9,087$6,205$1,249
31 years$24,942$17,658$12,245$8,346$5,610$1,057
32 years$23,900$16,708$11,425$7,670$5,075$895
33 years$22,923$15,822$10,668$7,053$4,592$758
34 years$22,006$14,996$9,967$6,490$4,158$642
35 years$21,143$14,224$9,319$5,974$3,766$544
36 years$20,329$13,500$8,717$5,502$3,412$461
37 years$19,562$12,822$8,159$5,069$3,093$390
38 years$18,837$12,186$7,641$4,673$2,804$330
39 years$18,150$11,587$7,159$4,308$2,543$280
40 years$17,500$11,024$6,710$3,974$2,306$237
41 years$16,882$10,494$6,292$3,666$2,092$201
42 years$16,296$9,994$5,902$3,384$1,898$170
43 years$15,739$9,523$5,538$3,123$1,723$144
44 years$15,208$9,077$5,198$2,884$1,564$122
45 years$14,703$8,656$4,881$2,663$1,420$104
46 years$14,220$8,257$4,584$2,460$1,289$88
47 years$13,760$7,880$4,307$2,273$1,171$74
48 years$13,320$7,522$4,047$2,100$1,063$63
49 years$12,900$7,184$3,804$1,941$965$53
50 years$12,497$6,862$3,577$1,794$877$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,800,000, adding $6,694 every year, while hoping to spend $53,159 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: 67/26/7 Blend
53$12,800,000$12,800,000$12,800,000$12,800,000
54$14,112,505$13,434,105$13,235,705$15,040,806
55$15,495,420$14,035,815$13,622,540$16,259,258
56$17,017,610$14,665,228$14,020,553$17,583,760
57$18,693,226$15,323,644$14,430,061$19,030,290
58$20,537,859$16,012,426$14,851,392$20,610,755
59$22,568,689$16,733,004$15,284,883$22,338,252
60$24,804,648$17,486,873$15,730,878$24,227,194
61$27,266,593$18,275,601$16,189,734$26,293,433
62$29,977,510$19,100,830$16,661,815$28,554,417
63$32,962,728$19,964,283$17,147,497$31,029,342
64$36,250,154$20,867,761$17,647,166$33,739,334
65$39,870,543$21,813,154$18,161,219$36,707,644
66$43,857,782$22,802,442$18,690,063$39,959,862
67$48,249,212$23,837,698$19,234,118$43,524,156
68$53,085,984$24,921,098$19,793,813$47,431,531
69$58,413,441$26,054,918$20,369,592$51,716,120
70$64,281,547$27,241,544$20,961,908$56,415,499
71$70,745,363$28,483,478$21,571,231$61,571,036
72$77,865,563$29,783,341$22,198,039$67,228,279
73$85,709,003$31,143,878$22,842,827$73,437,377
74$94,349,362$32,567,968$23,506,101$80,253,550
75$103,867,824$34,058,626$24,188,384$87,737,602
76$114,353,858$35,619,014$24,890,210$95,956,490
77$125,906,049$37,252,443$25,612,130$104,983,949
78$138,633,039$38,962,386$26,354,709$114,901,180
79$152,654,546$40,752,480$27,118,529$125,797,612
80$168,102,496$42,626,538$27,904,186$137,771,733
81$185,122,269$44,588,556$28,712,294$150,932,018
82$203,874,067$46,642,723$29,543,483$165,397,940
83$224,534,434$48,793,427$30,398,401$181,301,090
84$247,297,911$51,045,271$31,277,713$198,786,412
85$272,378,884$53,403,075$32,182,102$218,013,558
86$300,013,598$55,871,894$33,112,271$239,158,389
87$330,462,394$58,457,025$34,068,940$262,414,620
88$364,012,159$61,164,021$35,052,852$287,995,642
89$400,979,043$63,998,702$36,064,766$316,136,523
90$441,711,435$66,967,167$37,105,465$347,096,212
91$486,593,256$70,075,813$38,175,752$381,159,978
92$536,047,581$73,331,340$39,276,452$418,642,081
93$590,540,634$76,740,776$40,408,413$459,888,731
94$650,586,188$80,311,484$41,572,505$505,281,340
95$716,750,417$84,051,184$42,769,622$555,240,106
96$789,657,238$87,967,970$44,000,682$610,227,967
97$869,994,200$92,070,324$45,266,629$670,754,951
98$958,518,977$96,367,139$46,568,430$737,382,974
99$1,056,066,521$100,867,737$47,907,080$810,731,129
100$1,163,556,940$105,581,891$49,283,602$891,481,510