Can I retire at age 54 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,055,620
2 years$547,802$537,599$527,712$518,125$508,826$495,829
3 years$361,573$351,327$341,464$331,968$322,820$310,144
4 years$268,478$258,263$248,499$239,164$230,238$217,981
5 years$212,635$202,481$192,845$183,701$175,023$163,221
6 years$175,418$165,341$155,848$146,907$138,490$127,157
7 years$148,845$138,853$129,510$120,780$112,629$101,770
8 years$128,925$119,023$109,835$101,320$93,437$83,050
9 years$113,439$103,631$94,601$86,302$78,687$68,768
10 years$101,058$91,345$82,475$74,393$67,046$57,588
11 years$90,935$81,319$72,610$64,744$57,661$48,657
12 years$82,505$72,988$64,439$56,789$49,968$41,407
13 years$75,377$65,960$57,572$50,137$43,573$35,444
14 years$69,273$59,956$51,729$44,506$38,196$30,488
15 years$63,987$54,771$46,704$39,691$33,631$26,330
16 years$59,367$50,251$42,344$35,539$29,723$22,818
17 years$55,295$46,279$38,532$31,932$26,354$19,831
18 years$51,679$42,764$35,174$28,777$23,433$17,278
19 years$48,447$39,633$32,200$26,002$20,887$15,085
20 years$45,542$36,829$29,552$23,550$18,656$13,194
21 years$42,918$34,305$27,182$21,373$16,695$11,559
22 years$40,535$32,022$25,053$19,433$14,965$10,140
23 years$38,362$29,950$23,132$17,698$13,433$8,905
24 years$36,374$28,061$21,393$16,142$12,074$7,829
25 years$34,547$26,334$19,814$14,742$10,865$6,889
26 years$32,864$24,750$18,376$13,479$9,787$6,067
27 years$31,308$23,292$17,064$12,338$8,824$5,347
28 years$29,866$21,948$15,863$11,304$7,962$4,715
29 years$28,525$20,706$14,762$10,366$7,189$4,159
30 years$27,277$19,554$13,750$9,513$6,496$3,671
31 years$26,111$18,485$12,819$8,737$5,873$3,242
32 years$25,020$17,491$11,960$8,030$5,312$2,864
33 years$23,997$16,564$11,168$7,384$4,808$2,530
34 years$23,037$15,699$10,434$6,794$4,353$2,237
35 years$22,134$14,890$9,755$6,254$3,943$1,977
36 years$21,282$14,133$9,126$5,760$3,572$1,748
37 years$20,479$13,423$8,542$5,307$3,238$1,546
38 years$19,720$12,757$7,999$4,892$2,935$1,368
39 years$19,001$12,130$7,494$4,510$2,662$1,210
40 years$18,320$11,541$7,024$4,160$2,414$1,071
41 years$17,674$10,986$6,586$3,838$2,190$948
42 years$17,060$10,463$6,178$3,542$1,987$839
43 years$16,477$9,969$5,798$3,270$1,804$742
44 years$15,921$9,502$5,442$3,019$1,637$657
45 years$15,392$9,061$5,110$2,788$1,486$582
46 years$14,887$8,644$4,799$2,576$1,350$515
47 years$14,405$8,249$4,509$2,380$1,225$456
48 years$13,945$7,875$4,237$2,199$1,113$404
49 years$13,504$7,520$3,983$2,032$1,011$357
50 years$13,083$7,184$3,744$1,878$918$317

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $13,400,000, adding $6,848 every year, while hoping to spend $53,065 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: 70/14/16 Blend
53$13,400,000$13,400,000$13,400,000$13,400,000
54$14,773,864$14,063,664$13,855,964$15,752,580
55$16,224,337$14,696,322$14,263,678$17,037,119
56$17,820,980$15,358,203$14,683,272$18,435,506
57$19,578,646$16,050,681$15,115,087$19,964,625
58$21,513,702$16,775,198$15,559,477$21,637,372
59$23,644,182$17,533,265$16,016,801$23,467,940
60$25,989,957$18,326,464$16,487,433$25,471,952
61$28,572,924$19,156,452$16,971,753$27,666,606
62$31,417,212$20,024,968$17,470,156$30,070,835
63$34,549,407$20,933,831$17,983,046$32,705,482
64$37,998,807$21,884,949$18,510,839$35,593,497
65$41,797,694$22,880,320$19,053,961$38,760,146
66$45,981,643$23,922,040$19,612,853$42,233,252
67$50,589,853$25,012,302$20,187,966$46,043,451
68$55,665,520$26,153,407$20,779,764$50,224,479
69$61,256,243$27,347,764$21,388,727$54,813,487
70$67,414,475$28,597,900$22,015,344$59,851,389
71$74,198,014$29,906,459$22,660,121$65,383,243
72$81,670,553$31,276,217$23,323,576$71,458,675
73$89,902,278$32,710,080$24,006,244$78,132,343
74$98,970,530$34,211,094$24,708,673$85,464,445
75$108,960,538$35,782,452$25,431,428$93,521,290
76$119,966,220$37,427,499$26,175,088$102,375,913
77$132,091,070$39,149,742$26,940,249$112,108,763
78$145,449,136$40,952,857$27,727,524$122,808,459
79$160,166,096$42,840,694$28,537,544$134,572,617
80$176,380,441$44,817,292$29,370,955$147,508,773
81$194,244,788$46,886,881$30,228,424$161,735,384
82$213,927,315$49,053,897$31,110,635$177,382,948
83$235,613,351$51,322,987$32,018,291$194,595,228
84$259,507,124$53,699,025$32,952,115$213,530,601
85$285,833,690$56,187,116$33,912,850$234,363,548
86$314,841,056$58,792,615$34,901,260$257,286,295
87$346,802,522$61,521,131$35,918,131$282,510,618
88$382,019,259$64,378,547$36,964,268$310,269,840
89$420,823,155$67,371,026$38,040,502$340,821,020
90$463,579,942$70,505,032$39,147,684$374,447,376
91$510,692,656$73,787,338$40,286,691$411,460,950
92$562,605,434$77,225,046$41,458,423$452,205,541
93$619,807,713$80,825,598$42,663,805$497,059,946
94$682,838,845$84,596,797$43,903,788$546,441,527
95$752,293,191$88,546,824$45,179,349$600,810,135
96$828,825,731$92,684,253$46,491,491$660,672,450
97$913,158,247$97,018,073$47,841,248$726,586,743
98$1,006,086,137$101,557,707$49,229,678$799,168,146
99$1,108,485,923$106,313,034$50,657,872$879,094,439
100$1,221,323,525$111,294,411$52,126,949$967,112,439