Can I retire at age 54 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,214,018
2 years$633,651$621,850$610,413$599,324$588,568$566,504
3 years$418,238$406,386$394,978$383,993$373,411$351,945
4 years$310,552$298,737$287,443$276,645$266,320$245,617
5 years$245,958$234,213$223,067$212,490$202,452$182,572
6 years$202,909$191,253$180,271$169,930$160,194$141,158
7 years$172,172$160,614$149,806$139,709$130,280$112,095
8 years$149,130$137,676$127,048$117,198$108,080$90,741
9 years$131,217$119,871$109,426$99,827$91,019$74,515
10 years$116,896$105,661$95,400$86,052$77,553$61,870
11 years$105,186$94,064$83,989$74,891$66,698$51,819
12 years$95,434$84,426$74,538$65,689$57,799$43,704
13 years$87,190$76,297$66,595$57,994$50,402$37,069
14 years$80,129$69,352$59,836$51,480$44,182$31,587
15 years$74,015$63,354$54,024$45,911$38,901$27,020
16 years$68,671$58,126$48,980$41,109$34,381$23,188
17 years$63,960$53,532$44,570$36,936$30,485$19,954
18 years$59,778$49,466$40,687$33,287$27,106$17,210
19 years$56,040$45,845$37,247$30,077$24,160$14,872
20 years$52,680$42,601$34,183$27,241$21,580$12,874
21 years$49,644$39,681$31,442$24,723$19,312$11,160
22 years$46,887$37,041$28,979$22,479$17,310$9,685
23 years$44,374$34,644$26,757$20,472$15,539$8,415
24 years$42,074$32,459$24,745$18,671$13,966$7,318
25 years$39,961$30,461$22,919$17,052$12,568$6,369
26 years$38,014$28,628$21,256$15,591$11,320$5,546
27 years$36,214$26,943$19,738$14,271$10,206$4,833
28 years$34,546$25,388$18,349$13,075$9,209$4,214
29 years$32,996$23,951$17,076$11,990$8,316$3,676
30 years$31,551$22,619$15,905$11,004$7,514$3,207
31 years$30,203$21,382$14,828$10,106$6,793$2,799
32 years$28,941$20,232$13,835$9,288$6,145$2,444
33 years$27,758$19,160$12,918$8,541$5,561$2,135
34 years$26,647$18,159$12,070$7,859$5,035$1,865
35 years$25,602$17,224$11,284$7,234$4,560$1,629
36 years$24,618$16,348$10,556$6,663$4,132$1,424
37 years$23,688$15,527$9,880$6,139$3,745$1,244
38 years$22,810$14,756$9,252$5,658$3,395$1,088
39 years$21,979$14,031$8,669$5,217$3,079$951
40 years$21,191$13,350$8,125$4,812$2,793$831
41 years$20,444$12,708$7,619$4,440$2,534$727
42 years$19,734$12,102$7,147$4,097$2,299$636
43 years$19,059$11,531$6,706$3,782$2,086$556
44 years$18,416$10,992$6,295$3,492$1,894$486
45 years$17,804$10,482$5,911$3,225$1,719$425
46 years$17,220$9,999$5,551$2,979$1,561$372
47 years$16,663$9,542$5,216$2,752$1,417$325
48 years$16,130$9,109$4,901$2,543$1,287$284
49 years$15,621$8,699$4,607$2,351$1,169$249
50 years$15,133$8,309$4,331$2,173$1,062$218

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $15,500,000, adding $3,081 every year, while hoping to spend $44,606 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: 52/20/28 Blend
53$15,500,000$15,500,000$15,500,000$15,500,000
54$17,084,178$16,262,678$16,022,428$17,838,168
55$18,779,304$17,012,089$16,511,719$19,112,017
56$20,645,837$17,796,726$17,015,906$20,492,242
57$22,701,215$18,618,268$17,535,441$21,992,870
58$24,964,651$19,478,475$18,070,790$23,625,415
59$27,457,316$20,379,191$18,622,433$25,402,535
60$30,202,541$21,322,350$19,190,863$27,338,148
61$33,226,033$22,309,978$19,776,590$29,447,557
62$36,556,120$23,344,199$20,380,137$31,747,595
63$40,224,019$24,427,239$21,002,047$34,256,772
64$44,264,128$25,561,432$21,642,874$36,995,450
65$48,714,351$26,749,224$22,303,192$39,986,031
66$53,616,458$27,993,180$22,983,593$43,253,158
67$59,016,478$29,295,987$23,684,684$46,823,947
68$64,965,130$30,660,462$24,407,092$50,728,237
69$71,518,308$32,089,558$25,151,464$54,998,862
70$78,737,601$33,586,373$25,918,464$59,671,959
71$86,690,883$35,154,151$26,708,779$64,787,301
72$95,452,943$36,796,295$27,523,113$70,388,663
73$105,106,200$38,516,371$28,362,195$76,524,234
74$115,741,477$40,318,118$29,226,773$83,247,060
75$127,458,858$42,205,455$30,117,620$90,615,538
76$140,368,631$44,182,492$31,035,530$98,693,963
77$154,592,334$46,253,536$31,981,322$107,553,119
78$170,263,896$48,423,104$32,955,841$117,270,947
79$187,530,907$50,695,930$33,959,955$127,933,264
80$206,556,006$53,076,977$34,994,560$139,634,572
81$227,518,419$55,571,449$36,060,578$152,478,932
82$250,615,650$58,184,802$37,158,960$166,580,942
83$276,065,345$60,922,756$38,290,683$182,066,805
84$304,107,345$63,791,306$39,456,756$199,075,510
85$335,005,954$66,796,740$40,658,218$217,760,134
86$369,052,431$69,945,650$41,896,138$238,289,272
87$406,567,739$73,244,947$43,171,618$260,848,617
88$447,905,575$76,701,875$44,485,793$285,642,701
89$493,455,709$80,324,033$45,839,833$312,896,812
90$543,647,666$84,119,385$47,234,942$342,859,102
91$598,954,776$88,096,283$48,672,361$375,802,921
92$659,898,645$92,263,483$50,153,367$412,029,378
93$727,054,080$96,630,166$51,679,277$451,870,166
94$801,054,510$101,205,958$53,251,447$495,690,679
95$882,597,973$106,000,953$54,871,273$543,893,442
96$972,453,700$111,025,734$56,540,195$596,921,893
97$1,071,469,379$116,291,396$58,259,693$655,264,547
98$1,180,579,157$121,809,577$60,031,295$719,459,592
99$1,300,812,461$127,592,475$61,856,572$790,099,945
100$1,433,303,709$133,652,884$63,737,145$867,838,826