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%18.7%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,208,001
2 years$641,827$629,874$618,289$607,057$596,162$552,355
3 years$423,635$411,630$400,074$388,947$378,230$335,932
4 years$314,560$302,591$291,151$280,215$269,757$229,291
5 years$249,132$237,235$225,945$215,232$205,065$166,538
6 years$205,527$193,720$182,598$172,122$162,261$125,702
7 years$174,394$162,686$151,739$141,511$131,961$97,364
8 years$151,054$139,452$128,687$118,710$109,475$76,809
9 years$132,910$121,418$110,838$101,115$92,194$61,419
10 years$118,404$107,024$96,631$87,162$78,553$49,618
11 years$106,543$95,277$85,073$75,857$67,559$40,403
12 years$96,666$85,516$75,500$66,537$58,545$33,105
13 years$88,315$77,281$67,454$58,742$51,052$27,260
14 years$81,163$70,247$60,608$52,145$44,752$22,537
15 years$74,970$64,171$54,721$46,504$39,403$18,693
16 years$69,557$58,876$49,612$41,639$34,825$15,545
17 years$64,785$54,223$45,145$37,412$30,878$12,956
18 years$60,549$50,104$41,212$33,716$27,455$10,817
19 years$56,763$46,436$37,727$30,465$24,472$9,045
20 years$53,359$43,151$34,624$27,592$21,858$7,572
21 years$50,284$40,193$31,848$25,042$19,561$6,346
22 years$47,492$37,519$29,353$22,769$17,533$5,322
23 years$44,947$35,091$27,102$20,736$15,739$4,467
24 years$42,617$32,878$25,065$18,912$14,147$3,752
25 years$40,477$30,854$23,215$17,272$12,730$3,153
26 years$38,505$28,998$21,531$15,792$11,467$2,650
27 years$36,682$27,290$19,993$14,455$10,338$2,228
28 years$34,992$25,716$18,586$13,244$9,328$1,874
29 years$33,421$24,260$17,296$12,145$8,423$1,577
30 years$31,958$22,911$16,111$11,146$7,611$1,327
31 years$30,592$21,658$15,019$10,237$6,881$1,117
32 years$29,314$20,493$14,013$9,408$6,224$940
33 years$28,116$19,407$13,084$8,651$5,633$792
34 years$26,991$18,394$12,225$7,960$5,100$667
35 years$25,933$17,446$11,430$7,328$4,619$561
36 years$24,935$16,559$10,692$6,749$4,185$473
37 years$23,994$15,727$10,008$6,218$3,793$398
38 years$23,104$14,946$9,372$5,731$3,439$335
39 years$22,262$14,213$8,780$5,284$3,119$282
40 years$21,464$13,522$8,230$4,874$2,829$238
41 years$20,707$12,872$7,717$4,497$2,566$200
42 years$19,988$12,259$7,239$4,150$2,329$169
43 years$19,305$11,680$6,793$3,831$2,113$142
44 years$18,654$11,133$6,376$3,537$1,918$120
45 years$18,034$10,617$5,987$3,267$1,741$101
46 years$17,442$10,128$5,623$3,018$1,581$85
47 years$16,878$9,665$5,283$2,788$1,436$72
48 years$16,338$9,227$4,964$2,576$1,304$60
49 years$15,822$8,811$4,666$2,381$1,184$51
50 years$15,329$8,417$4,387$2,201$1,076$43

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 $3,324 every year, while hoping to spend $21,625 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: 46/35/19 Blend
53$15,700,000$15,700,000$15,700,000$15,700,000
54$17,304,829$16,472,729$16,229,379$18,006,767
55$19,046,912$17,256,884$16,750,054$19,281,871
56$20,965,964$18,078,737$17,287,447$20,661,996
57$23,080,011$18,940,114$17,842,096$22,158,869
58$25,408,920$19,842,927$18,414,553$23,783,373
59$27,974,582$20,789,183$19,005,393$25,547,452
60$30,801,121$21,780,985$19,615,205$27,464,225
61$33,915,120$22,820,538$20,244,600$29,548,096
62$37,345,875$23,910,157$20,894,206$31,814,889
63$41,125,666$25,052,266$21,564,674$34,281,986
64$45,290,067$26,249,410$22,256,674$36,968,486
65$49,878,278$27,504,256$22,970,897$39,895,375
66$54,933,499$28,819,601$23,708,059$43,085,718
67$60,503,333$30,198,379$24,468,895$46,564,870
68$66,640,238$31,643,665$25,254,169$50,360,701
69$73,402,024$33,158,685$26,064,664$54,503,855
70$80,852,392$34,746,822$26,901,192$59,028,024
71$89,061,544$36,411,624$27,764,590$63,970,261
72$98,106,838$38,156,811$28,655,721$69,371,318
73$108,073,525$39,986,285$29,575,477$75,276,017
74$119,055,548$41,904,135$30,524,779$81,733,661
75$131,156,430$43,914,654$31,504,575$88,798,492
76$144,490,254$46,022,341$32,515,847$96,530,185
77$159,182,738$48,231,914$33,559,606$104,994,399
78$175,372,422$50,548,322$34,636,897$114,263,386
79$193,211,974$52,976,755$35,748,799$124,416,654
80$212,869,635$55,522,656$36,896,423$135,541,704
81$234,530,804$58,191,732$38,080,919$147,734,839
82$258,399,789$60,989,969$39,303,472$161,102,059
83$284,701,735$63,923,646$40,565,307$175,760,039
84$313,684,753$66,999,345$41,867,686$191,837,217
85$345,622,257$70,223,973$43,211,912$209,474,983
86$380,815,549$73,604,769$44,599,333$228,828,996
87$419,596,661$77,149,329$46,031,337$250,070,631
88$462,331,491$80,865,616$47,509,357$273,388,575
89$509,423,257$84,761,985$49,034,874$298,990,585
90$561,316,302$88,847,196$50,609,416$327,105,424
91$618,500,293$93,130,435$52,234,558$357,984,996
92$681,514,836$97,621,340$53,911,930$391,906,698
93$750,954,580$102,330,017$55,643,210$429,176,006
94$827,474,822$107,267,062$57,430,132$470,129,339
95$911,797,699$112,443,594$59,274,487$515,137,194
96$1,004,719,004$117,871,270$61,178,123$564,607,616
97$1,107,115,698$123,562,317$63,142,944$618,990,020
98$1,219,954,187$129,529,559$65,170,922$678,779,392
99$1,344,299,453$135,786,446$67,264,086$744,520,928
100$1,481,325,098$142,347,083$69,424,534$816,815,142