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

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,205,623
2 years$633,651$621,850$610,413$599,324$588,568$558,159
3 years$418,238$406,386$394,978$383,993$373,411$343,913
4 years$310,552$298,737$287,443$276,645$266,320$237,960
5 years$245,958$234,213$223,067$212,490$202,452$175,309
6 years$202,909$191,253$180,271$169,930$160,194$134,294
7 years$172,172$160,614$149,806$139,709$130,280$105,628
8 years$149,130$137,676$127,048$117,198$108,080$84,664
9 years$131,217$119,871$109,426$99,827$91,019$68,820
10 years$116,896$105,661$95,400$86,052$77,553$56,545
11 years$105,186$94,064$83,989$74,891$66,698$46,851
12 years$95,434$84,426$74,538$65,689$57,799$39,080
13 years$87,190$76,297$66,595$57,994$50,402$32,774
14 years$80,129$69,352$59,836$51,480$44,182$27,606
15 years$74,015$63,354$54,024$45,911$38,901$23,338
16 years$68,671$58,126$48,980$41,109$34,381$19,789
17 years$63,960$53,532$44,570$36,936$30,485$16,821
18 years$59,778$49,466$40,687$33,287$27,106$14,329
19 years$56,040$45,845$37,247$30,077$24,160$12,227
20 years$52,680$42,601$34,183$27,241$21,580$10,449
21 years$49,644$39,681$31,442$24,723$19,312$8,941
22 years$46,887$37,041$28,979$22,479$17,310$7,659
23 years$44,374$34,644$26,757$20,472$15,539$6,567
24 years$42,074$32,459$24,745$18,671$13,966$5,634
25 years$39,961$30,461$22,919$17,052$12,568$4,838
26 years$38,014$28,628$21,256$15,591$11,320$4,156
27 years$36,214$26,943$19,738$14,271$10,206$3,572
28 years$34,546$25,388$18,349$13,075$9,209$3,072
29 years$32,996$23,951$17,076$11,990$8,316$2,642
30 years$31,551$22,619$15,905$11,004$7,514$2,273
31 years$30,203$21,382$14,828$10,106$6,793$1,957
32 years$28,941$20,232$13,835$9,288$6,145$1,684
33 years$27,758$19,160$12,918$8,541$5,561$1,450
34 years$26,647$18,159$12,070$7,859$5,035$1,249
35 years$25,602$17,224$11,284$7,234$4,560$1,076
36 years$24,618$16,348$10,556$6,663$4,132$927
37 years$23,688$15,527$9,880$6,139$3,745$798
38 years$22,810$14,756$9,252$5,658$3,395$688
39 years$21,979$14,031$8,669$5,217$3,079$593
40 years$21,191$13,350$8,125$4,812$2,793$511
41 years$20,444$12,708$7,619$4,440$2,534$440
42 years$19,734$12,102$7,147$4,097$2,299$379
43 years$19,059$11,531$6,706$3,782$2,086$327
44 years$18,416$10,992$6,295$3,492$1,894$282
45 years$17,804$10,482$5,911$3,225$1,719$243
46 years$17,220$9,999$5,551$2,979$1,561$209
47 years$16,663$9,542$5,216$2,752$1,417$180
48 years$16,130$9,109$4,901$2,543$1,287$155
49 years$15,621$8,699$4,607$2,351$1,169$134
50 years$15,133$8,309$4,331$2,173$1,062$116

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 $2,200 every year, while hoping to spend $45,593 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: 38/45/17 Blend
53$15,500,000$15,500,000$15,500,000$15,500,000
54$17,083,269$16,261,769$16,021,519$17,644,908
55$18,777,252$17,010,085$16,509,730$18,796,676
56$20,642,493$17,793,541$17,012,767$20,036,077
57$22,696,413$18,613,810$17,531,080$21,374,554
58$24,958,206$19,472,645$18,065,130$22,821,054
59$27,449,025$20,371,887$18,615,394$24,385,387
60$30,192,178$21,313,462$19,182,362$26,078,309
61$33,213,348$22,299,389$19,766,539$27,911,616
62$36,540,837$23,331,787$20,368,445$29,898,253
63$40,205,830$24,412,873$20,988,617$32,052,420
64$44,242,695$25,544,974$21,627,606$34,389,703
65$48,689,300$26,730,528$22,285,981$36,927,212
66$53,587,376$27,972,090$22,964,327$39,683,730
67$58,982,905$29,272,339$23,663,249$42,679,884
68$64,926,561$30,634,084$24,383,368$45,938,330
69$71,474,184$32,060,267$25,125,324$49,483,952
70$78,687,304$33,553,974$25,889,777$53,344,091
71$86,633,730$35,118,440$26,677,405$57,548,786
72$95,388,182$36,757,055$27,488,909$62,131,053
73$105,032,999$38,473,372$28,325,010$67,127,175
74$115,658,916$40,271,119$29,186,449$72,577,038
75$127,365,922$42,154,201$30,073,992$78,524,493
76$140,264,202$44,126,712$30,988,426$85,017,751
77$154,475,175$46,192,946$31,930,563$92,109,828
78$170,132,644$48,357,402$32,901,239$99,859,025
79$187,384,057$50,624,797$33,901,313$108,329,466
80$206,391,897$53,000,079$34,931,673$117,591,684
81$227,335,219$55,488,431$35,993,233$127,723,267
82$250,411,337$58,095,290$37,086,932$138,809,575
83$275,837,689$60,826,354$38,213,739$150,944,522
84$303,853,887$63,687,600$39,374,653$164,231,445
85$334,723,981$66,685,289$40,570,702$178,784,055
86$368,738,950$69,825,992$41,802,943$194,727,488
87$406,219,450$73,116,592$43,072,468$212,199,465
88$447,518,837$76,564,309$44,380,400$231,351,562
89$493,026,510$80,176,711$45,727,895$252,350,621
90$543,171,579$83,961,735$47,116,144$275,380,291
91$598,426,921$87,927,701$48,546,376$300,642,738
92$659,313,641$92,083,332$50,019,853$328,360,519
93$726,405,992$96,437,775$51,537,878$358,778,656
94$800,336,797$101,000,620$53,101,791$392,166,913
95$881,803,422$105,781,922$54,712,973$428,822,308
96$971,574,359$110,792,224$56,372,846$469,071,882
97$1,070,496,483$116,042,582$58,082,874$513,275,747
98$1,179,503,041$121,544,586$59,844,568$561,830,449
99$1,299,622,469$127,310,389$61,659,479$615,172,665
100$1,431,988,098$133,352,735$63,529,209$673,783,285