Can I retire at age 54 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,020,471
2 years$527,361$517,540$508,021$498,792$489,840$481,582
3 years$348,082$338,218$328,723$319,581$310,775$302,706
4 years$258,460$248,626$239,226$230,240$221,647$213,831
5 years$204,701$194,926$185,649$176,846$168,493$160,952
6 years$168,873$159,172$150,032$141,425$133,322$126,066
7 years$143,292$133,672$124,678$116,274$108,427$101,459
8 years$124,114$114,582$105,736$97,539$89,951$83,270
9 years$109,207$99,764$91,071$83,082$75,751$69,357
10 years$97,287$87,937$79,398$71,617$64,544$58,433
11 years$87,542$78,285$69,900$62,328$55,510$49,677
12 years$79,426$70,265$62,035$54,670$48,104$42,543
13 years$72,564$63,499$55,424$48,266$41,947$36,653
14 years$66,688$57,718$49,799$42,845$36,771$31,737
15 years$61,600$52,727$44,962$38,210$32,376$27,595
16 years$57,152$48,376$40,764$34,213$28,614$24,078
17 years$53,231$44,552$37,094$30,740$25,371$21,073
18 years$49,750$41,168$33,862$27,703$22,559$18,491
19 years$46,639$38,154$30,999$25,032$20,107$16,261
20 years$43,843$35,455$28,449$22,671$17,960$14,328
21 years$41,316$33,025$26,168$20,576$16,072$12,646
22 years$39,022$30,828$24,118$18,708$14,407$11,177
23 years$36,931$28,832$22,268$17,038$12,932$9,892
24 years$35,017$27,014$20,595$15,539$11,624$8,764
25 years$33,258$25,351$19,075$14,192$10,460$7,772
26 years$31,638$23,826$17,691$12,976$9,422$6,899
27 years$30,140$22,423$16,427$11,877$8,494$6,128
28 years$28,751$21,129$15,271$10,882$7,665$5,447
29 years$27,461$19,933$14,211$9,979$6,921$4,845
30 years$26,259$18,825$13,237$9,158$6,254$4,311
31 years$25,136$17,796$12,341$8,411$5,654$3,838
32 years$24,086$16,838$11,514$7,730$5,114$3,419
33 years$23,102$15,946$10,751$7,108$4,628$3,046
34 years$22,178$15,113$10,045$6,540$4,190$2,715
35 years$21,308$14,335$9,391$6,021$3,795$2,420
36 years$20,488$13,606$8,785$5,545$3,439$2,158
37 years$19,715$12,922$8,223$5,109$3,117$1,925
38 years$18,984$12,281$7,700$4,709$2,826$1,718
39 years$18,292$11,678$7,214$4,342$2,562$1,533
40 years$17,636$11,111$6,762$4,005$2,324$1,368
41 years$17,014$10,576$6,341$3,695$2,109$1,221
42 years$16,424$10,072$5,948$3,410$1,913$1,090
43 years$15,862$9,597$5,581$3,148$1,736$973
44 years$15,327$9,148$5,239$2,907$1,576$869
45 years$14,817$8,723$4,919$2,684$1,431$776
46 years$14,332$8,322$4,620$2,479$1,299$693
47 years$13,868$7,941$4,341$2,291$1,180$619
48 years$13,424$7,581$4,079$2,117$1,071$553
49 years$13,001$7,240$3,834$1,956$973$494
50 years$12,595$6,916$3,605$1,808$884$441

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $12,900,000, adding $4,907 every year, while hoping to spend $30,273 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: 39/44/17 Blend
53$12,900,000$12,900,000$12,900,000$12,900,000
54$14,220,862$13,537,162$13,337,212$14,702,996
55$15,639,179$14,168,272$13,751,798$15,679,196
56$17,201,151$14,829,293$14,179,258$16,730,771
57$18,921,397$15,521,657$14,619,992$17,867,171
58$20,816,028$16,246,867$15,074,411$19,096,085
59$22,902,798$17,006,499$15,542,939$20,425,945
60$25,201,271$17,802,204$16,026,014$21,865,999
61$27,733,002$18,635,714$16,524,088$23,426,390
62$30,521,748$19,508,844$17,037,625$25,118,247
63$33,593,686$20,423,496$17,567,104$26,953,783
64$36,977,661$21,381,667$18,113,021$28,946,403
65$40,705,460$22,385,446$18,675,885$31,110,823
66$44,812,111$23,437,027$19,256,221$33,463,202
67$49,336,213$24,538,708$19,854,571$36,021,285
68$54,320,301$25,692,899$20,471,494$38,804,564
69$59,811,248$26,902,128$21,107,566$41,834,451
70$65,860,706$28,169,042$21,763,379$45,134,472
71$72,525,592$29,496,420$22,439,547$48,730,479
72$79,868,630$30,887,172$23,136,699$52,650,884
73$87,958,939$32,344,352$23,855,488$56,926,916
74$96,872,687$33,871,161$24,596,582$61,592,905
75$106,693,807$35,470,955$25,360,674$66,686,597
76$117,514,796$37,147,252$26,148,477$72,249,492
77$129,437,579$38,903,741$26,960,725$78,327,230
78$142,574,479$40,744,291$27,798,176$84,970,001
79$157,049,271$42,672,957$28,661,611$92,233,013
80$172,998,357$44,693,992$29,551,835$100,176,991
81$190,572,047$46,811,855$30,469,678$108,868,740
82$209,935,980$49,031,220$31,415,997$118,381,757
83$231,272,690$51,356,990$32,391,673$128,796,910
84$254,783,327$53,794,305$33,397,617$140,203,180
85$280,689,555$56,348,555$34,434,765$152,698,487
86$309,235,646$59,025,390$35,504,086$166,390,592
87$340,690,784$61,830,736$36,606,575$181,398,097
88$375,351,608$64,770,807$37,743,260$197,851,538
89$413,545,014$67,852,118$38,915,200$215,894,603
90$455,631,234$71,081,500$40,123,488$235,685,458
91$502,007,244$74,466,118$41,369,250$257,398,220
92$553,110,509$78,013,484$42,653,646$281,224,573
93$609,423,110$81,731,474$43,977,872$307,375,552
94$671,476,300$85,628,349$45,343,163$336,083,509
95$739,855,514$89,712,769$46,750,790$367,604,274
96$815,205,899$93,993,818$48,202,065$402,219,541
97$898,238,406$98,481,019$49,698,339$440,239,494
98$989,736,495$103,184,361$51,241,005$482,005,707
99$1,090,563,539$108,114,317$52,831,500$527,894,324
100$1,201,670,970$113,281,869$54,471,306$578,319,583