Can I retire at age 54 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,226,161
2 years$641,827$629,874$618,289$607,057$596,162$570,308
3 years$423,635$411,630$400,074$388,947$378,230$353,106
4 years$314,560$302,591$291,151$280,215$269,757$245,558
5 years$249,132$237,235$225,945$215,232$205,065$181,859
6 years$205,527$193,720$182,598$172,122$162,261$140,073
7 years$174,394$162,686$151,739$141,511$131,961$110,796
8 years$151,054$139,452$128,687$118,710$109,475$89,326
9 years$132,910$121,418$110,838$101,115$92,194$73,047
10 years$118,404$107,024$96,631$87,162$78,553$60,391
11 years$106,543$95,277$85,073$75,857$67,559$50,357
12 years$96,666$85,516$75,500$66,537$58,545$42,279
13 years$88,315$77,281$67,454$58,742$51,052$35,694
14 years$81,163$70,247$60,608$52,145$44,752$30,272
15 years$74,970$64,171$54,721$46,504$39,403$25,770
16 years$69,557$58,876$49,612$41,639$34,825$22,007
17 years$64,785$54,223$45,145$37,412$30,878$18,842
18 years$60,549$50,104$41,212$33,716$27,455$16,169
19 years$56,763$46,436$37,727$30,465$24,472$13,900
20 years$53,359$43,151$34,624$27,592$21,858$11,969
21 years$50,284$40,193$31,848$25,042$19,561$10,320
22 years$47,492$37,519$29,353$22,769$17,533$8,909
23 years$44,947$35,091$27,102$20,736$15,739$7,698
24 years$42,617$32,878$25,065$18,912$14,147$6,658
25 years$40,477$30,854$23,215$17,272$12,730$5,762
26 years$38,505$28,998$21,531$15,792$11,467$4,990
27 years$36,682$27,290$19,993$14,455$10,338$4,324
28 years$34,992$25,716$18,586$13,244$9,328$3,749
29 years$33,421$24,260$17,296$12,145$8,423$3,251
30 years$31,958$22,911$16,111$11,146$7,611$2,820
31 years$30,592$21,658$15,019$10,237$6,881$2,448
32 years$29,314$20,493$14,013$9,408$6,224$2,125
33 years$28,116$19,407$13,084$8,651$5,633$1,845
34 years$26,991$18,394$12,225$7,960$5,100$1,602
35 years$25,933$17,446$11,430$7,328$4,619$1,392
36 years$24,935$16,559$10,692$6,749$4,185$1,209
37 years$23,994$15,727$10,008$6,218$3,793$1,050
38 years$23,104$14,946$9,372$5,731$3,439$913
39 years$22,262$14,213$8,780$5,284$3,119$793
40 years$21,464$13,522$8,230$4,874$2,829$689
41 years$20,707$12,872$7,717$4,497$2,566$599
42 years$19,988$12,259$7,239$4,150$2,329$521
43 years$19,305$11,680$6,793$3,831$2,113$453
44 years$18,654$11,133$6,376$3,537$1,918$393
45 years$18,034$10,617$5,987$3,267$1,741$342
46 years$17,442$10,128$5,623$3,018$1,581$297
47 years$16,878$9,665$5,283$2,788$1,436$258
48 years$16,338$9,227$4,964$2,576$1,304$225
49 years$15,822$8,811$4,666$2,381$1,184$195
50 years$15,329$8,417$4,387$2,201$1,076$170

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $15,700,000, adding $6,686 every year, while hoping to spend $48,253 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: 60/21/19 Blend
53$15,700,000$15,700,000$15,700,000$15,700,000
54$17,308,297$16,476,197$16,232,847$18,260,813
55$19,022,402$17,232,189$16,725,306$19,661,953
56$20,909,729$18,023,609$17,232,646$21,183,945
57$22,987,895$18,852,139$17,755,313$22,843,309
58$25,276,313$19,719,547$18,293,769$24,653,360
59$27,796,376$20,627,683$18,848,489$26,628,744
60$30,571,653$21,578,487$19,419,960$28,785,570
61$33,628,121$22,573,991$20,008,688$31,141,558
62$36,994,400$23,616,328$20,615,190$33,716,206
63$40,702,030$24,707,729$21,240,000$36,530,963
64$44,785,766$25,850,537$21,883,669$39,609,434
65$49,283,904$27,047,204$22,546,762$42,977,592
66$54,238,648$28,300,302$23,229,864$46,664,022
67$59,696,501$29,612,528$23,933,575$50,700,186
68$65,708,708$30,986,706$24,658,515$55,120,711
69$72,331,741$32,425,799$25,405,319$59,963,712
70$79,627,826$33,932,910$26,174,645$65,271,148
71$87,665,536$35,511,295$26,967,167$71,089,209
72$96,520,437$37,164,364$27,783,583$77,468,746
73$106,275,797$38,895,694$28,624,609$84,465,747
74$117,023,378$40,709,033$29,490,983$92,141,853
75$128,864,297$42,608,310$30,383,466$100,564,940
76$141,909,983$44,597,644$31,302,839$109,809,744
77$156,283,226$46,681,354$32,249,909$119,958,566
78$172,119,341$48,863,966$33,225,507$131,102,035
79$189,567,439$51,150,225$34,230,486$143,339,957
80$208,791,838$53,545,107$35,265,729$156,782,249
81$229,973,615$56,053,827$36,332,140$171,549,965
82$253,312,311$58,681,851$37,430,654$187,776,430
83$279,027,817$61,434,913$38,562,231$205,608,488
84$307,362,451$64,319,020$39,727,863$225,207,877
85$338,583,243$67,340,474$40,928,567$246,752,746
86$372,984,454$70,505,878$42,165,395$270,439,323
87$410,890,360$73,822,157$43,439,427$296,483,755
88$452,658,304$77,296,570$44,751,776$325,124,138
89$498,682,079$80,936,729$46,103,587$356,622,747
90$549,395,636$84,750,614$47,496,043$391,268,503
91$605,277,187$88,746,591$48,930,357$429,379,680
92$666,853,718$92,933,432$50,407,781$471,306,900
93$734,705,960$97,320,332$51,929,605$517,436,423
94$809,473,875$101,916,936$53,497,153$568,193,775
95$891,862,696$106,733,352$55,111,794$624,047,753
96$982,649,586$111,780,181$56,774,934$685,514,828
97$1,082,690,970$117,068,536$58,488,021$753,164,002
98$1,192,930,626$122,610,072$60,252,547$827,622,162
99$1,314,408,591$128,417,005$62,070,047$909,579,973
100$1,448,270,977$134,502,149$63,942,104$999,798,378