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%16.9%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,216,743
2 years$641,827$629,874$618,289$607,057$596,162$560,969
3 years$423,635$411,630$400,074$388,947$378,230$344,144
4 years$314,560$302,591$291,151$280,215$269,757$237,040
5 years$249,132$237,235$225,945$215,232$205,065$173,806
6 years$205,527$193,720$182,598$172,122$162,261$132,490
7 years$174,394$162,686$151,739$141,511$131,961$103,679
8 years$151,054$139,452$128,687$118,710$109,475$82,665
9 years$132,910$121,418$110,838$101,115$92,194$66,830
10 years$118,404$107,024$96,631$87,162$78,553$54,603
11 years$106,543$95,277$85,073$75,857$67,559$44,982
12 years$96,666$85,516$75,500$66,537$58,545$37,300
13 years$88,315$77,281$67,454$58,742$51,052$31,092
14 years$81,163$70,247$60,608$52,145$44,752$26,028
15 years$74,970$64,171$54,721$46,504$39,403$21,865
16 years$69,557$58,876$49,612$41,639$34,825$18,421
17 years$64,785$54,223$45,145$37,412$30,878$15,556
18 years$60,549$50,104$41,212$33,716$27,455$13,164
19 years$56,763$46,436$37,727$30,465$24,472$11,157
20 years$53,359$43,151$34,624$27,592$21,858$9,470
21 years$50,284$40,193$31,848$25,042$19,561$8,047
22 years$47,492$37,519$29,353$22,769$17,533$6,845
23 years$44,947$35,091$27,102$20,736$15,739$5,828
24 years$42,617$32,878$25,065$18,912$14,147$4,965
25 years$40,477$30,854$23,215$17,272$12,730$4,232
26 years$38,505$28,998$21,531$15,792$11,467$3,610
27 years$36,682$27,290$19,993$14,455$10,338$3,080
28 years$34,992$25,716$18,586$13,244$9,328$2,629
29 years$33,421$24,260$17,296$12,145$8,423$2,245
30 years$31,958$22,911$16,111$11,146$7,611$1,917
31 years$30,592$21,658$15,019$10,237$6,881$1,638
32 years$29,314$20,493$14,013$9,408$6,224$1,399
33 years$28,116$19,407$13,084$8,651$5,633$1,196
34 years$26,991$18,394$12,225$7,960$5,100$1,022
35 years$25,933$17,446$11,430$7,328$4,619$874
36 years$24,935$16,559$10,692$6,749$4,185$747
37 years$23,994$15,727$10,008$6,218$3,793$639
38 years$23,104$14,946$9,372$5,731$3,439$546
39 years$22,262$14,213$8,780$5,284$3,119$467
40 years$21,464$13,522$8,230$4,874$2,829$399
41 years$20,707$12,872$7,717$4,497$2,566$342
42 years$19,988$12,259$7,239$4,150$2,329$292
43 years$19,305$11,680$6,793$3,831$2,113$250
44 years$18,654$11,133$6,376$3,537$1,918$214
45 years$18,034$10,617$5,987$3,267$1,741$183
46 years$17,442$10,128$5,623$3,018$1,581$156
47 years$16,878$9,665$5,283$2,788$1,436$134
48 years$16,338$9,227$4,964$2,576$1,304$114
49 years$15,822$8,811$4,666$2,381$1,184$98
50 years$15,329$8,417$4,387$2,201$1,076$84

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 $3,480 every year, while hoping to spend $42,921 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: 43/43/14 Blend
53$15,700,000$15,700,000$15,700,000$15,700,000
54$17,304,990$16,472,890$16,229,540$17,978,571
55$19,024,431$17,234,394$16,727,562$19,212,325
56$20,917,817$18,031,773$17,240,829$20,543,563
57$23,002,844$18,866,740$17,769,807$21,984,844
58$25,299,014$19,741,089$18,314,974$23,546,287
59$27,827,814$20,656,703$18,876,827$25,238,994
60$30,612,923$21,615,554$19,455,873$27,075,150
61$33,680,433$22,619,708$20,052,637$29,068,127
62$37,059,097$23,671,334$20,667,659$31,232,606
63$40,780,597$24,772,701$21,301,498$33,584,704
64$44,879,846$25,926,192$21,954,727$36,142,124
65$49,395,318$27,134,302$22,627,937$38,924,307
66$54,369,405$28,399,648$23,321,738$41,952,610
67$59,848,826$29,724,973$24,036,759$45,250,500
68$65,885,062$31,113,151$24,773,645$48,843,761
69$72,534,840$32,567,198$25,533,064$52,760,732
70$79,860,675$34,090,272$26,315,702$57,032,560
71$87,931,454$35,685,686$27,122,269$61,693,484
72$96,823,090$37,356,912$27,953,493$66,781,149
73$106,619,236$39,107,591$28,810,125$72,336,945
74$117,412,074$40,941,540$29,692,941$78,406,389
75$129,303,189$42,862,758$30,602,738$85,039,536
76$142,404,523$44,875,442$31,540,338$92,291,442
77$156,839,433$46,983,988$32,506,589$100,222,670
78$172,743,859$49,193,007$33,502,363$108,899,840
79$190,267,600$51,507,331$34,528,559$118,396,247
80$209,575,735$53,932,030$35,586,106$128,792,536
81$230,850,176$56,472,415$36,675,956$140,177,442
82$254,291,387$59,134,058$37,799,094$152,648,613
83$280,120,279$61,922,797$38,956,535$166,313,509
84$308,580,290$64,844,756$40,149,321$181,290,401
85$339,939,686$67,906,356$41,378,529$197,709,460
86$374,494,093$71,114,326$42,645,269$215,713,969
87$412,569,286$74,475,724$43,950,682$235,461,648
88$454,524,269$77,997,950$45,295,945$257,126,123
89$500,754,657$81,688,762$46,682,271$280,898,536
90$551,696,415$85,556,294$48,110,910$306,989,322
91$607,829,973$89,609,076$49,583,149$335,630,173
92$669,684,760$93,856,051$51,100,315$367,076,190
93$737,844,204$98,306,596$52,663,774$401,608,264
94$812,951,236$102,970,542$54,274,934$439,535,693
95$895,714,364$107,858,200$55,935,246$481,199,070
96$986,914,357$112,980,380$57,646,204$526,973,466
97$1,087,411,618$118,348,416$59,409,349$577,271,925
98$1,198,154,309$123,974,194$61,226,268$632,549,334
99$1,320,187,295$129,870,176$63,098,594$693,306,672
100$1,454,662,015$136,049,430$65,028,013$760,095,699