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%13.7%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,217,019
2 years$633,651$621,850$610,413$599,324$588,568$569,499
3 years$418,238$406,386$394,978$383,993$373,411$354,840
4 years$310,552$298,737$287,443$276,645$266,320$248,389
5 years$245,958$234,213$223,067$212,490$202,452$185,213
6 years$202,909$191,253$180,271$169,930$160,194$143,667
7 years$172,172$160,614$149,806$139,709$130,280$114,471
8 years$149,130$137,676$127,048$117,198$108,080$92,986
9 years$131,217$119,871$109,426$99,827$91,019$76,632
10 years$116,896$105,661$95,400$86,052$77,553$63,862
11 years$105,186$94,064$83,989$74,891$66,698$53,689
12 years$95,434$84,426$74,538$65,689$57,799$45,456
13 years$87,190$76,297$66,595$57,994$50,402$38,708
14 years$80,129$69,352$59,836$51,480$44,182$33,117
15 years$74,015$63,354$54,024$45,911$38,901$28,446
16 years$68,671$58,126$48,980$41,109$34,381$24,515
17 years$63,960$53,532$44,570$36,936$30,485$21,185
18 years$59,778$49,466$40,687$33,287$27,106$18,352
19 years$56,040$45,845$37,247$30,077$24,160$15,929
20 years$52,680$42,601$34,183$27,241$21,580$13,850
21 years$49,644$39,681$31,442$24,723$19,312$12,061
22 years$46,887$37,041$28,979$22,479$17,310$10,516
23 years$44,374$34,644$26,757$20,472$15,539$9,179
24 years$42,074$32,459$24,745$18,671$13,966$8,020
25 years$39,961$30,461$22,919$17,052$12,568$7,013
26 years$38,014$28,628$21,256$15,591$11,320$6,137
27 years$36,214$26,943$19,738$14,271$10,206$5,374
28 years$34,546$25,388$18,349$13,075$9,209$4,708
29 years$32,996$23,951$17,076$11,990$8,316$4,127
30 years$31,551$22,619$15,905$11,004$7,514$3,618
31 years$30,203$21,382$14,828$10,106$6,793$3,174
32 years$28,941$20,232$13,835$9,288$6,145$2,785
33 years$27,758$19,160$12,918$8,541$5,561$2,445
34 years$26,647$18,159$12,070$7,859$5,035$2,146
35 years$25,602$17,224$11,284$7,234$4,560$1,885
36 years$24,618$16,348$10,556$6,663$4,132$1,656
37 years$23,688$15,527$9,880$6,139$3,745$1,454
38 years$22,810$14,756$9,252$5,658$3,395$1,278
39 years$21,979$14,031$8,669$5,217$3,079$1,123
40 years$21,191$13,350$8,125$4,812$2,793$987
41 years$20,444$12,708$7,619$4,440$2,534$867
42 years$19,734$12,102$7,147$4,097$2,299$762
43 years$19,059$11,531$6,706$3,782$2,086$670
44 years$18,416$10,992$6,295$3,492$1,894$589
45 years$17,804$10,482$5,911$3,225$1,719$518
46 years$17,220$9,999$5,551$2,979$1,561$455
47 years$16,663$9,542$5,216$2,752$1,417$400
48 years$16,130$9,109$4,901$2,543$1,287$352
49 years$15,621$8,699$4,607$2,351$1,169$309
50 years$15,133$8,309$4,331$2,173$1,062$272

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 $2,696 every year, while hoping to spend $40,069 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: 54/25/21 Blend
53$15,500,000$15,500,000$15,500,000$15,500,000
54$17,083,781$16,262,281$16,022,031$17,908,134
55$18,783,693$17,016,500$16,516,136$19,228,127
56$20,655,654$17,806,332$17,025,450$20,659,866
57$22,717,170$18,633,481$17,550,442$22,217,597
58$24,987,531$19,499,731$18,091,591$23,913,372
59$27,487,995$20,406,954$18,649,396$25,760,440
60$30,241,986$21,357,111$19,224,366$27,773,366
61$33,275,316$22,352,256$19,817,030$29,968,162
62$36,616,428$23,394,547$20,427,930$32,362,439
63$40,296,665$24,486,241$21,057,627$34,975,561
64$44,350,565$25,629,707$21,706,697$37,828,829
65$48,816,187$26,827,427$22,375,736$40,945,671
66$53,735,472$28,082,005$23,065,357$44,351,859
67$59,154,634$29,396,167$23,776,191$48,075,750
68$65,124,603$30,772,776$24,508,890$52,148,541
69$71,701,499$32,214,828$25,264,124$56,604,560
70$78,947,165$33,725,468$26,042,585$61,481,584
71$86,929,751$35,307,990$26,844,987$66,821,186
72$95,724,354$36,965,851$27,672,063$72,669,121
73$105,413,732$38,702,671$28,524,570$79,075,750
74$116,089,079$40,522,249$29,403,290$86,096,507
75$127,850,891$42,428,565$30,309,026$93,792,414
76$140,809,911$44,425,793$31,242,607$102,230,646
77$155,088,175$46,518,310$32,204,888$111,485,158
78$170,820,165$48,710,703$33,196,747$121,637,372
79$188,154,077$51,007,783$34,219,094$132,776,934
80$207,253,221$53,414,593$35,272,862$145,002,553
81$228,297,562$55,936,420$36,359,015$158,422,919
82$251,485,418$58,578,809$37,478,547$173,157,716
83$277,035,332$61,347,573$38,632,480$189,338,742
84$305,188,138$64,248,806$39,821,869$207,111,139
85$336,209,228$67,288,898$41,047,803$226,634,750
86$370,391,065$70,474,549$42,311,399$248,085,612
87$408,055,936$73,812,785$43,613,814$271,657,607
88$449,559,002$77,310,971$44,956,237$297,564,272
89$495,291,642$80,976,831$46,339,893$326,040,804
90$545,685,158$84,818,464$47,766,047$357,346,257
91$601,214,835$88,844,360$49,236,002$391,765,976
92$662,404,439$93,063,424$50,751,098$429,614,269
93$729,831,150$97,484,991$52,312,718$471,237,353
94$804,131,023$102,118,850$53,922,290$517,016,609
95$886,004,981$106,975,267$55,581,280$567,372,153
96$976,225,439$112,065,006$57,291,203$622,766,786
97$1,075,643,595$117,399,352$59,053,619$683,710,336
98$1,185,197,462$122,990,141$60,870,136$750,764,451
99$1,305,920,727$128,849,782$62,742,410$824,547,870
100$1,438,952,509$134,991,289$64,672,148$905,742,245