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%16.8%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,224,986
2 years$645,915$633,886$622,227$610,924$599,959$565,031
3 years$426,333$414,251$402,622$391,425$380,639$346,803
4 years$316,563$304,519$293,006$281,999$271,475$238,992
5 years$250,719$238,746$227,385$216,603$206,371$175,330
6 years$206,836$194,954$183,761$173,219$163,294$133,725
7 years$175,504$163,722$152,706$142,413$132,802$104,704
8 years$152,016$140,340$129,507$119,467$110,172$83,531
9 years$133,757$122,191$111,544$101,759$92,781$67,572
10 years$119,158$107,706$97,247$87,717$79,054$55,243
11 years$107,222$95,884$85,614$76,340$67,989$45,539
12 years$97,282$86,060$75,981$66,961$58,918$37,786
13 years$88,877$77,773$67,884$59,116$51,377$31,519
14 years$81,680$70,694$60,994$52,477$45,037$26,404
15 years$75,448$64,580$55,069$46,800$39,654$22,196
16 years$70,000$59,251$49,928$41,904$35,047$18,713
17 years$65,198$54,568$45,433$37,651$31,075$15,815
18 years$60,935$50,423$41,474$33,931$27,630$13,392
19 years$57,124$46,732$37,968$30,659$24,627$11,360
20 years$53,699$43,425$34,845$27,768$21,998$9,649
21 years$50,604$40,449$32,051$25,201$19,685$8,206
22 years$47,795$37,758$29,540$22,914$17,645$6,985
23 years$45,233$35,314$27,275$20,868$15,839$5,952
24 years$42,889$33,087$25,224$19,033$14,237$5,074
25 years$40,735$31,051$23,363$17,382$12,811$4,329
26 years$38,750$29,182$21,668$15,893$11,540$3,695
27 years$36,915$27,464$20,120$14,547$10,404$3,156
28 years$35,215$25,879$18,705$13,328$9,388$2,696
29 years$33,634$24,414$17,406$12,222$8,477$2,304
30 years$32,162$23,057$16,213$11,217$7,659$1,969
31 years$30,787$21,796$15,115$10,302$6,925$1,684
32 years$29,501$20,624$14,103$9,468$6,264$1,440
33 years$28,295$19,531$13,168$8,707$5,669$1,231
34 years$27,163$18,511$12,303$8,011$5,133$1,053
35 years$26,098$17,557$11,503$7,374$4,649$901
36 years$25,094$16,664$10,760$6,792$4,212$771
37 years$24,147$15,827$10,072$6,258$3,817$660
38 years$23,251$15,042$9,432$5,768$3,461$565
39 years$22,404$14,303$8,836$5,318$3,138$483
40 years$21,601$13,608$8,282$4,905$2,847$414
41 years$20,839$12,954$7,766$4,526$2,583$354
42 years$20,116$12,337$7,285$4,177$2,343$303
43 years$19,428$11,754$6,836$3,856$2,127$259
44 years$18,773$11,204$6,417$3,560$1,930$222
45 years$18,149$10,684$6,025$3,288$1,753$190
46 years$17,553$10,192$5,659$3,037$1,591$163
47 years$16,985$9,727$5,316$2,806$1,445$139
48 years$16,442$9,285$4,996$2,593$1,312$119
49 years$15,923$8,867$4,696$2,396$1,192$102
50 years$15,426$8,470$4,415$2,215$1,082$87

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 $3,358 every year, while hoping to spend $50,381 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: 49/25/26 Blend
53$15,800,000$15,800,000$15,800,000$15,800,000
54$17,415,064$16,577,664$16,332,764$18,139,810
55$19,137,795$17,336,364$16,826,306$19,405,688
56$21,034,557$18,130,553$17,334,694$20,774,906
57$23,123,046$18,961,914$17,858,371$22,261,514
58$25,422,765$19,832,216$18,397,795$23,876,628
59$27,955,202$20,743,310$18,953,436$25,632,466
60$30,744,036$21,697,135$19,525,779$27,542,451
61$33,815,359$22,695,726$20,115,324$29,621,341
62$37,197,923$23,741,215$20,722,585$31,885,359
63$40,923,411$24,835,834$21,348,091$34,352,340
64$45,026,735$25,981,925$21,992,388$37,041,898
65$49,546,365$27,181,943$22,656,036$39,975,600
66$54,524,695$28,438,459$23,339,614$43,177,167
67$60,008,440$29,754,169$24,043,717$46,672,693
68$66,049,076$31,131,899$24,768,957$50,490,878
69$72,703,331$32,574,611$25,515,966$54,663,302
70$80,033,713$34,085,409$26,285,393$59,224,706
71$88,109,105$35,667,547$27,077,907$64,213,319
72$97,005,413$37,324,437$27,894,197$69,671,209
73$106,806,285$39,059,653$28,734,971$75,644,672
74$117,603,894$40,876,944$29,600,961$82,184,658
75$129,499,815$42,780,239$30,492,917$89,347,251
76$142,605,980$44,773,655$31,411,615$97,194,177
77$157,045,736$46,861,510$32,357,849$105,793,389
78$172,955,006$49,048,329$33,332,442$115,219,689
79$190,483,576$51,338,856$34,336,238$125,555,432
80$209,796,505$53,738,064$35,370,107$136,891,283
81$231,075,687$56,251,168$36,434,943$149,327,069
82$254,521,563$58,883,631$37,531,670$162,972,706
83$280,355,017$61,641,184$38,661,236$177,949,226
84$308,819,460$64,529,833$39,824,618$194,389,902
85$340,183,125$67,555,875$41,022,824$212,441,497
86$374,741,603$70,725,912$42,256,887$232,265,635
87$412,820,629$74,046,864$43,527,875$254,040,308
88$454,779,161$77,525,988$44,836,886$277,961,543
89$501,012,763$81,170,889$46,185,050$304,245,238
90$551,957,346$84,989,544$47,573,530$333,129,179
91$608,093,277$88,990,313$49,003,525$364,875,269
92$669,949,916$93,181,963$50,476,268$399,771,983
93$738,110,612$97,573,684$51,993,028$438,137,071
94$813,218,212$102,175,112$53,555,112$480,320,534
95$895,981,127$106,996,350$55,163,866$526,707,913
96$987,180,022$112,047,991$56,820,675$577,723,900
97$1,087,675,181$117,341,140$58,526,964$633,836,328
98$1,198,414,635$122,887,441$60,284,203$695,560,564
99$1,320,443,106$128,699,103$62,093,902$763,464,345
100$1,454,911,871$134,788,928$63,957,616$838,173,113