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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,227,164
2 years$641,827$629,874$618,289$607,057$596,162$571,306
3 years$423,635$411,630$400,074$388,947$378,230$354,068
4 years$314,560$302,591$291,151$280,215$269,757$246,475
5 years$249,132$237,235$225,945$215,232$205,065$182,730
6 years$205,527$193,720$182,598$172,122$162,261$140,897
7 years$174,394$162,686$151,739$141,511$131,961$111,574
8 years$151,054$139,452$128,687$118,710$109,475$90,057
9 years$132,910$121,418$110,838$101,115$92,194$73,734
10 years$118,404$107,024$96,631$87,162$78,553$61,034
11 years$106,543$95,277$85,073$75,857$67,559$50,957
12 years$96,666$85,516$75,500$66,537$58,545$42,838
13 years$88,315$77,281$67,454$58,742$51,052$36,215
14 years$81,163$70,247$60,608$52,145$44,752$30,755
15 years$74,970$64,171$54,721$46,504$39,403$26,218
16 years$69,557$58,876$49,612$41,639$34,825$22,421
17 years$64,785$54,223$45,145$37,412$30,878$19,224
18 years$60,549$50,104$41,212$33,716$27,455$16,520
19 years$56,763$46,436$37,727$30,465$24,472$14,224
20 years$53,359$43,151$34,624$27,592$21,858$12,266
21 years$50,284$40,193$31,848$25,042$19,561$10,593
22 years$47,492$37,519$29,353$22,769$17,533$9,158
23 years$44,947$35,091$27,102$20,736$15,739$7,926
24 years$42,617$32,878$25,065$18,912$14,147$6,866
25 years$40,477$30,854$23,215$17,272$12,730$5,951
26 years$38,505$28,998$21,531$15,792$11,467$5,162
27 years$36,682$27,290$19,993$14,455$10,338$4,480
28 years$34,992$25,716$18,586$13,244$9,328$3,890
29 years$33,421$24,260$17,296$12,145$8,423$3,380
30 years$31,958$22,911$16,111$11,146$7,611$2,937
31 years$30,592$21,658$15,019$10,237$6,881$2,553
32 years$29,314$20,493$14,013$9,408$6,224$2,220
33 years$28,116$19,407$13,084$8,651$5,633$1,931
34 years$26,991$18,394$12,225$7,960$5,100$1,679
35 years$25,933$17,446$11,430$7,328$4,619$1,461
36 years$24,935$16,559$10,692$6,749$4,185$1,271
37 years$23,994$15,727$10,008$6,218$3,793$1,107
38 years$23,104$14,946$9,372$5,731$3,439$963
39 years$22,262$14,213$8,780$5,284$3,119$838
40 years$21,464$13,522$8,230$4,874$2,829$730
41 years$20,707$12,872$7,717$4,497$2,566$635
42 years$19,988$12,259$7,239$4,150$2,329$553
43 years$19,305$11,680$6,793$3,831$2,113$482
44 years$18,654$11,133$6,376$3,537$1,918$419
45 years$18,034$10,617$5,987$3,267$1,741$365
46 years$17,442$10,128$5,623$3,018$1,581$318
47 years$16,878$9,665$5,283$2,788$1,436$277
48 years$16,338$9,227$4,964$2,576$1,304$241
49 years$15,822$8,811$4,666$2,381$1,184$210
50 years$15,329$8,417$4,387$2,201$1,076$183

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 $5,823 every year, while hoping to spend $47,974 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: 42/37/21 Blend
53$15,700,000$15,700,000$15,700,000$15,700,000
54$17,307,406$16,475,306$16,231,956$17,927,615
55$19,021,718$17,231,552$16,724,683$19,125,407
56$20,909,281$18,023,247$17,232,308$20,416,609
57$22,987,718$18,852,075$17,755,280$21,813,902
58$25,276,444$19,719,806$18,294,061$23,327,059
59$27,796,855$20,628,291$18,849,126$24,966,805
60$30,572,528$21,579,471$19,420,966$26,744,912
61$33,629,442$22,575,381$20,010,084$28,674,304
62$36,996,225$23,618,154$20,617,002$30,769,171
63$40,704,422$24,710,026$21,242,253$33,045,098
64$44,788,794$25,853,338$21,886,390$35,519,203
65$49,287,647$27,050,547$22,549,979$38,210,292
66$54,243,190$28,304,227$23,233,607$41,139,026
67$59,701,937$29,617,076$23,937,874$44,328,113
68$65,715,143$30,991,921$24,663,401$47,802,507
69$72,339,290$32,431,728$25,410,828$51,589,641
70$79,636,617$33,939,603$26,180,810$55,719,669
71$87,675,712$35,518,803$26,974,027$60,225,749
72$96,532,154$37,172,743$27,791,176$65,144,338
73$106,289,228$38,905,002$28,632,975$70,515,529
74$117,038,714$40,719,332$29,500,165$76,383,418
75$128,881,749$42,619,666$30,393,507$82,796,509
76$141,929,784$44,610,126$31,313,786$89,808,155
77$156,305,634$46,695,034$32,261,810$97,477,053
78$172,144,641$48,878,923$33,238,412$105,867,784
79$189,595,944$51,166,540$34,244,449$115,051,407
80$208,823,896$53,562,866$35,280,803$125,106,113
81$230,009,607$56,073,120$36,348,384$136,117,953
82$253,352,660$58,702,776$37,448,128$148,181,628
83$279,072,990$61,457,570$38,580,999$161,401,369
84$307,412,961$64,343,518$39,747,989$175,891,902
85$338,639,657$67,366,924$40,950,120$191,779,514
86$373,047,399$70,534,401$42,188,446$209,203,223
87$410,960,526$73,852,878$43,464,051$228,316,072
88$452,736,453$77,329,623$44,778,051$249,286,551
89$498,769,051$80,972,254$46,131,595$272,300,163
90$549,492,358$84,788,759$47,525,868$297,561,159
91$605,384,682$88,787,511$48,962,088$325,294,431
92$666,973,113$92,977,292$50,441,510$355,747,621
93$734,838,497$97,367,306$51,965,428$389,193,419
94$809,620,926$101,967,206$53,535,172$425,932,123
95$892,025,773$106,787,112$55,152,113$466,294,432
96$982,830,355$111,837,634$56,817,662$510,644,544
97$1,082,891,270$117,129,897$58,533,272$559,383,561
98$1,193,152,484$122,675,565$60,300,441$612,953,241
99$1,314,654,239$128,486,870$62,120,708$671,840,132
100$1,448,542,880$134,576,636$63,995,660$736,580,129