Can I retire at age 54 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,212,320
2 years$645,915$633,886$622,227$610,924$599,959$552,562
3 years$426,333$414,251$402,622$391,425$380,639$334,929
4 years$316,563$304,519$293,006$281,999$271,475$227,801
5 years$250,719$238,746$227,385$216,603$206,371$164,845
6 years$206,836$194,954$183,761$173,219$163,294$123,946
7 years$175,504$163,722$152,706$142,413$132,802$95,620
8 years$152,016$140,340$129,507$119,467$110,172$75,121
9 years$133,757$122,191$111,544$101,759$92,781$59,812
10 years$119,158$107,706$97,247$87,717$79,054$48,106
11 years$107,222$95,884$85,614$76,340$67,989$38,994
12 years$97,282$86,060$75,981$66,961$58,918$31,801
13 years$88,877$77,773$67,884$59,116$51,377$26,062
14 years$81,680$70,694$60,994$52,477$45,037$21,441
15 years$75,448$64,580$55,069$46,800$39,654$17,695
16 years$70,000$59,251$49,928$41,904$35,047$14,641
17 years$65,198$54,568$45,433$37,651$31,075$12,140
18 years$60,935$50,423$41,474$33,931$27,630$10,083
19 years$57,124$46,732$37,968$30,659$24,627$8,386
20 years$53,699$43,425$34,845$27,768$21,998$6,983
21 years$50,604$40,449$32,051$25,201$19,685$5,820
22 years$47,795$37,758$29,540$22,914$17,645$4,855
23 years$45,233$35,314$27,275$20,868$15,839$4,053
24 years$42,889$33,087$25,224$19,033$14,237$3,385
25 years$40,735$31,051$23,363$17,382$12,811$2,828
26 years$38,750$29,182$21,668$15,893$11,540$2,364
27 years$36,915$27,464$20,120$14,547$10,404$1,977
28 years$35,215$25,879$18,705$13,328$9,388$1,653
29 years$33,634$24,414$17,406$12,222$8,477$1,383
30 years$32,162$23,057$16,213$11,217$7,659$1,157
31 years$30,787$21,796$15,115$10,302$6,925$968
32 years$29,501$20,624$14,103$9,468$6,264$811
33 years$28,295$19,531$13,168$8,707$5,669$678
34 years$27,163$18,511$12,303$8,011$5,133$568
35 years$26,098$17,557$11,503$7,374$4,649$475
36 years$25,094$16,664$10,760$6,792$4,212$398
37 years$24,147$15,827$10,072$6,258$3,817$333
38 years$23,251$15,042$9,432$5,768$3,461$279
39 years$22,404$14,303$8,836$5,318$3,138$234
40 years$21,601$13,608$8,282$4,905$2,847$196
41 years$20,839$12,954$7,766$4,526$2,583$164
42 years$20,116$12,337$7,285$4,177$2,343$137
43 years$19,428$11,754$6,836$3,856$2,127$115
44 years$18,773$11,204$6,417$3,560$1,930$96
45 years$18,149$10,684$6,025$3,288$1,753$81
46 years$17,553$10,192$5,659$3,037$1,591$68
47 years$16,985$9,727$5,316$2,806$1,445$57
48 years$16,442$9,285$4,996$2,593$1,312$47
49 years$15,923$8,867$4,696$2,396$1,192$40
50 years$15,426$8,470$4,415$2,215$1,082$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $15,800,000, adding $4,708 every year, while hoping to spend $21,497 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: 57/14/29 Blend
53$15,800,000$15,800,000$15,800,000$15,800,000
54$17,416,456$16,579,056$16,334,156$18,270,002
55$19,170,062$17,368,557$16,858,478$19,646,677
56$21,101,815$18,196,024$17,399,644$21,143,859
57$23,229,864$19,063,292$17,958,196$22,775,401
58$25,574,208$19,972,291$18,534,692$24,554,314
59$28,156,883$20,925,039$19,129,711$26,494,912
60$31,002,176$21,923,657$19,743,847$28,612,938
61$34,136,847$22,970,366$20,377,715$30,925,712
62$37,590,387$24,067,495$21,031,950$33,452,292
63$41,395,293$25,217,489$21,707,207$36,213,645
64$45,587,376$26,422,909$22,404,161$39,232,845
65$50,206,098$27,686,442$23,123,511$42,535,283
66$55,294,949$29,010,905$23,865,976$46,148,905
67$60,901,848$30,399,254$24,632,301$50,104,471
68$67,079,606$31,854,587$25,423,253$54,435,836
69$73,886,416$33,380,153$26,239,623$59,180,269
70$81,386,410$34,979,359$27,082,229$64,378,799
71$89,650,255$36,655,779$27,951,915$70,076,594
72$98,755,829$38,413,160$28,849,552$76,323,382
73$108,788,951$40,255,432$29,776,039$83,173,917
74$119,844,192$42,186,717$30,732,305$90,688,485
75$132,025,769$44,211,335$31,719,307$98,933,473
76$145,448,527$46,333,821$32,738,033$107,981,980
77$160,239,025$48,558,926$33,789,505$117,914,507
78$176,536,728$50,891,635$34,874,776$128,819,707
79$194,495,326$53,337,178$35,994,933$140,795,211
80$214,284,185$55,901,035$37,151,099$153,948,546
81$236,089,943$58,588,956$38,344,431$168,398,139
82$260,118,274$61,406,972$39,576,127$184,274,428
83$286,595,831$64,361,407$40,847,420$201,721,078
84$315,772,381$67,458,891$42,159,584$220,896,337
85$347,923,168$70,706,382$43,513,935$241,974,510
86$383,351,509$74,111,172$44,911,829$265,147,602
87$422,391,657$77,680,913$46,354,669$290,627,114
88$465,411,955$81,423,627$47,843,900$318,646,030
89$512,818,320$85,347,730$49,381,015$349,461,003
90$565,058,065$89,462,045$50,967,556$383,354,770
91$622,624,130$93,775,828$52,605,112$420,638,800
92$686,059,734$98,298,787$54,295,326$461,656,229
93$755,963,500$103,041,100$56,039,893$506,785,079
94$832,995,109$108,013,446$57,840,561$556,441,814
95$917,881,526$113,227,021$59,699,136$611,085,258
96$1,011,423,868$118,693,570$61,617,482$671,220,905
97$1,114,504,958$124,425,411$63,597,524$737,405,679
98$1,228,097,669$130,435,462$65,641,246$810,253,173
99$1,353,274,102$136,737,271$67,750,699$890,439,420
100$1,491,215,712$143,345,048$69,927,999$978,709,261