Can I retire at age 54 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,176,790
2 years$613,211$601,790$590,722$579,991$569,581$550,159
3 years$404,746$393,277$382,236$371,606$361,366$342,456
4 years$300,535$289,100$278,170$267,721$257,729$239,478
5 years$238,024$226,658$215,871$205,635$195,922$178,382
6 years$196,364$185,083$174,456$164,448$155,026$138,218
7 years$166,618$155,433$144,974$135,202$126,078$110,007
8 years$144,319$133,234$122,949$113,418$104,594$89,256
9 years$126,984$116,005$105,896$96,607$88,083$73,471
10 years$113,125$102,252$92,323$83,276$75,051$61,153
11 years$101,793$91,029$81,280$72,475$64,546$51,347
12 years$92,356$81,703$72,133$63,570$55,935$43,418
13 years$84,377$73,836$64,446$56,123$48,776$36,923
14 years$77,544$67,114$57,905$49,820$42,757$31,548
15 years$71,628$61,310$52,281$44,430$37,646$27,061
16 years$66,456$56,251$47,400$39,783$33,272$23,289
17 years$61,897$51,805$43,132$35,744$29,501$20,097
18 years$57,849$47,870$39,374$32,213$26,231$17,384
19 years$54,232$44,366$36,045$29,107$23,380$15,067
20 years$50,980$41,227$33,081$26,362$20,884$13,081
21 years$48,042$38,401$30,428$23,925$18,689$11,374
22 years$45,375$35,846$28,044$21,754$16,752$9,902
23 years$42,943$33,526$25,894$19,811$15,037$8,630
24 years$40,717$31,412$23,947$18,069$13,516$7,528
25 years$38,672$29,478$22,180$16,502$12,162$6,572
26 years$36,788$27,705$20,571$15,088$10,955$5,742
27 years$35,046$26,074$19,102$13,811$9,877$5,020
28 years$33,432$24,569$17,757$12,654$8,912$4,391
29 years$31,931$23,178$16,525$11,604$8,048$3,842
30 years$30,534$21,889$15,392$10,649$7,272$3,364
31 years$29,228$20,693$14,350$9,780$6,574$2,946
32 years$28,007$19,579$13,389$8,989$5,947$2,581
33 years$26,863$18,542$12,501$8,266$5,382$2,261
34 years$25,788$17,574$11,680$7,605$4,873$1,982
35 years$24,776$16,668$10,920$7,001$4,413$1,738
36 years$23,823$15,821$10,216$6,448$3,999$1,524
37 years$22,924$15,026$9,562$5,941$3,624$1,336
38 years$22,074$14,280$8,954$5,476$3,286$1,172
39 years$21,270$13,579$8,389$5,049$2,980$1,028
40 years$20,507$12,919$7,863$4,657$2,703$902
41 years$19,784$12,298$7,373$4,297$2,452$791
42 years$19,097$11,712$6,916$3,965$2,225$694
43 years$18,444$11,159$6,490$3,660$2,019$609
44 years$17,822$10,637$6,092$3,380$1,833$535
45 years$17,230$10,143$5,720$3,121$1,664$469
46 years$16,665$9,676$5,372$2,883$1,511$412
47 years$16,125$9,234$5,047$2,664$1,372$361
48 years$15,610$8,815$4,743$2,461$1,246$317
49 years$15,117$8,418$4,458$2,275$1,131$278
50 years$14,645$8,041$4,191$2,103$1,028$244

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $15,000,000, adding $3,356 every year, while hoping to spend $34,117 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: 51/36/13 Blend
53$15,000,000$15,000,000$15,000,000$15,000,000
54$16,533,462$15,738,462$15,505,962$17,318,656
55$18,183,575$16,473,346$15,989,111$18,591,431
56$20,000,856$17,243,096$16,487,303$19,970,487
57$22,002,320$18,049,385$17,001,004$21,468,942
58$24,206,716$18,893,965$17,530,698$23,098,061
59$26,634,707$19,778,675$18,076,882$24,870,218
60$29,309,058$20,705,440$18,640,068$26,799,003
61$32,254,857$21,676,283$19,220,786$28,899,351
62$35,499,751$22,693,319$19,819,580$31,187,673
63$39,074,203$23,758,769$20,437,014$33,682,003
64$43,011,783$24,874,960$21,073,666$36,402,167
65$47,349,486$26,044,334$21,730,134$39,369,956
66$52,128,074$27,269,447$22,407,035$42,609,331
67$57,392,471$28,552,983$23,105,003$46,146,636
68$63,192,177$29,897,753$23,824,695$50,010,842
69$69,581,741$31,306,705$24,566,784$54,233,812
70$76,621,276$32,782,931$25,331,969$58,850,591
71$84,377,023$34,329,672$26,120,966$63,899,727
72$92,921,978$35,950,324$26,934,517$69,423,629
73$102,336,580$37,648,451$27,773,385$75,468,954
74$112,709,474$39,427,788$28,638,356$82,087,038
75$124,138,342$41,292,251$29,530,242$89,334,368
76$136,730,829$43,245,947$30,449,881$97,273,107
77$150,605,555$45,293,180$31,398,134$105,971,663
78$165,893,242$47,438,466$32,375,891$115,505,328
79$182,737,939$49,686,537$33,384,070$125,956,973
80$201,298,388$52,042,357$34,423,616$137,417,814
81$221,749,520$54,511,129$35,495,503$149,988,264
82$244,284,107$57,098,309$36,600,738$163,778,858
83$269,114,579$59,809,620$37,740,357$178,911,289
84$296,475,035$62,651,060$38,915,427$195,519,532
85$326,623,446$65,628,920$40,127,052$213,751,097
86$359,844,097$68,749,796$41,376,367$233,768,401
87$396,450,262$72,020,604$42,664,543$255,750,280
88$436,787,172$75,448,597$43,992,788$279,893,662
89$481,235,265$79,041,379$45,362,348$306,415,400
90$530,213,781$82,806,925$46,774,505$335,554,300
91$584,184,720$86,753,598$48,230,585$367,573,351
92$643,657,202$90,890,165$49,731,950$402,762,183
93$709,192,275$95,225,822$51,280,009$441,439,778
94$781,408,210$99,770,210$52,876,212$483,957,453
95$860,986,337$104,533,440$54,522,055$530,702,150
96$948,677,480$109,526,115$56,219,080$582,100,056
97$1,045,309,041$114,759,352$57,968,878$638,620,602
98$1,151,792,815$120,244,812$59,773,087$700,780,857
99$1,269,133,595$125,994,721$61,633,398$769,150,381
100$1,398,438,658$132,021,899$63,551,553$844,356,561