Can I retire at age 54 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,165,551
2 years$617,299$605,802$594,660$583,857$573,379$534,902
3 years$407,445$395,899$384,785$374,083$363,775$326,573
4 years$302,538$291,027$280,025$269,506$259,447$223,804
5 years$239,611$228,169$217,311$207,006$197,228$163,240
6 years$197,673$186,317$175,619$165,545$156,060$123,755
7 years$167,729$156,469$145,940$136,103$126,918$96,294
8 years$145,281$134,123$123,769$114,174$105,291$76,326
9 years$127,831$116,778$106,602$97,251$88,670$61,331
10 years$113,879$102,934$92,938$83,831$75,551$49,797
11 years$102,471$91,636$81,821$72,958$64,977$40,760
12 years$92,972$82,248$72,614$63,994$56,307$33,576
13 years$84,940$74,328$64,876$56,497$49,101$27,799
14 years$78,061$67,562$58,292$50,152$43,042$23,111
15 years$72,105$61,719$52,629$44,727$37,897$19,278
16 years$66,899$56,626$47,716$40,048$33,494$16,125
17 years$62,310$52,150$43,420$35,983$29,698$13,518
18 years$58,235$48,189$39,637$32,428$26,406$11,354
19 years$54,593$44,661$36,286$29,301$23,536$9,551
20 years$51,320$41,502$33,301$26,538$21,023$8,045
21 years$48,362$38,657$30,631$24,085$18,813$6,784
22 years$45,677$36,085$28,231$21,899$16,863$5,726
23 years$43,229$33,750$26,066$19,943$15,138$4,836
24 years$40,988$31,621$24,107$18,190$13,606$4,088
25 years$38,930$29,675$22,328$16,612$12,243$3,457
26 years$37,033$27,890$20,708$15,189$11,028$2,925
27 years$35,280$26,247$19,229$13,903$9,943$2,475
28 years$33,655$24,733$17,876$12,738$8,972$2,096
29 years$32,144$23,333$16,635$11,681$8,101$1,775
30 years$30,737$22,035$15,495$10,720$7,320$1,503
31 years$29,423$20,830$14,445$9,846$6,618$1,274
32 years$28,194$19,710$13,478$9,048$5,986$1,079
33 years$27,042$18,666$12,584$8,321$5,418$915
34 years$25,960$17,691$11,758$7,656$4,905$775
35 years$24,942$16,779$10,993$7,048$4,443$657
36 years$23,982$15,926$10,284$6,491$4,025$557
37 years$23,077$15,126$9,625$5,980$3,648$472
38 years$22,221$14,375$9,014$5,512$3,308$401
39 years$21,411$13,669$8,445$5,083$2,999$340
40 years$20,644$13,005$7,915$4,688$2,721$288
41 years$19,916$12,380$7,422$4,325$2,468$244
42 years$19,225$11,790$6,962$3,992$2,240$207
43 years$18,567$11,234$6,533$3,685$2,033$176
44 years$17,941$10,708$6,132$3,402$1,845$149
45 years$17,345$10,211$5,758$3,142$1,675$126
46 years$16,776$9,741$5,408$2,902$1,521$107
47 years$16,233$9,296$5,081$2,681$1,381$91
48 years$15,714$8,874$4,775$2,478$1,254$77
49 years$15,218$8,474$4,488$2,290$1,139$65
50 years$14,743$8,095$4,219$2,117$1,035$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $15,100,000, adding $4,287 every year, while hoping to spend $32,286 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: 42/39/19 Blend
53$15,100,000$15,100,000$15,100,000$15,100,000
54$16,644,622$15,844,322$15,610,272$17,250,876
55$18,308,021$16,586,342$16,098,864$18,422,923
56$20,140,005$17,363,638$16,602,742$19,687,856
57$22,157,736$18,177,906$17,122,383$21,056,983
58$24,380,123$19,030,922$17,658,282$22,539,881
59$26,828,006$19,924,548$18,210,945$24,147,055
60$29,524,349$20,860,737$18,780,897$25,890,037
61$32,494,455$21,841,535$19,368,679$27,781,481
62$35,766,208$22,869,089$19,974,849$29,835,281
63$39,370,335$23,945,648$20,599,981$32,066,693
64$43,340,697$25,073,573$21,244,667$34,492,469
65$47,714,605$26,255,335$21,909,521$37,131,011
66$52,533,176$27,493,527$22,595,171$40,002,534
67$57,841,719$28,790,870$23,302,269$43,129,249
68$63,690,164$30,150,212$24,031,484$46,535,563
69$70,133,530$31,574,542$24,783,509$50,248,301
70$77,232,450$33,066,994$25,559,056$54,296,946
71$85,053,736$34,630,853$26,358,861$58,713,912
72$93,671,017$36,269,564$27,183,682$63,534,834
73$103,165,426$37,986,739$28,034,301$68,798,897
74$113,626,374$39,786,163$28,911,524$74,549,190
75$125,152,389$41,671,810$29,816,185$80,833,104
76$137,852,044$43,647,840$30,749,139$87,702,764
77$151,844,989$45,718,621$31,711,271$95,215,506
78$167,263,074$47,888,729$32,703,495$103,434,410
79$184,251,595$50,162,964$33,726,749$112,428,871
80$202,970,667$52,546,359$34,782,005$122,275,248
81$223,596,735$55,044,190$35,870,262$133,057,561
82$246,324,238$57,661,992$36,992,552$144,868,272
83$271,367,446$60,405,566$38,149,938$157,809,135
84$298,962,484$63,280,996$39,343,519$171,992,143
85$329,369,555$66,294,662$40,574,425$187,540,561
86$362,875,403$69,453,255$41,843,822$204,590,073
87$399,796,018$72,763,788$43,152,914$223,290,035
88$440,479,616$76,233,618$44,502,941$243,804,872
89$485,309,931$79,870,459$45,895,183$266,315,596
90$534,709,831$83,682,399$47,330,958$291,021,496
91$589,145,317$87,677,919$48,811,629$318,141,995
92$649,129,917$91,865,916$50,338,596$347,918,687
93$715,229,538$96,255,715$51,913,309$380,617,598
94$788,067,804$100,857,098$53,537,258$416,531,660
95$868,331,946$105,680,321$55,211,982$455,983,449
96$956,779,289$110,736,142$56,939,067$499,328,198
97$1,054,244,401$116,035,838$58,720,151$546,957,116
98$1,161,646,975$121,591,238$60,556,921$599,301,042
99$1,280,000,504$127,414,747$62,451,116$656,834,480
100$1,410,421,858$133,519,372$64,404,531$720,080,034