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%14.9%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,234,476
2 years$645,915$633,886$622,227$610,924$599,959$574,442
3 years$426,333$414,251$402,622$391,425$380,639$355,839
4 years$316,563$304,519$293,006$281,999$271,475$247,583
5 years$250,719$238,746$227,385$216,603$206,371$183,455
6 years$206,836$194,954$183,761$173,219$163,294$141,379
7 years$175,504$163,722$152,706$142,413$132,802$111,893
8 years$152,016$140,340$129,507$119,467$110,172$90,262
9 years$133,757$122,191$111,544$101,759$92,781$73,857
10 years$119,158$107,706$97,247$87,717$79,054$61,098
11 years$107,222$95,884$85,614$76,340$67,989$50,979
12 years$97,282$86,060$75,981$66,961$58,918$42,829
13 years$88,877$77,773$67,884$59,116$51,377$36,182
14 years$81,680$70,694$60,994$52,477$45,037$30,707
15 years$75,448$64,580$55,069$46,800$39,654$26,159
16 years$70,000$59,251$49,928$41,904$35,047$22,354
17 years$65,198$54,568$45,433$37,651$31,075$19,154
18 years$60,935$50,423$41,474$33,931$27,630$16,448
19 years$57,124$46,732$37,968$30,659$24,627$14,151
20 years$53,699$43,425$34,845$27,768$21,998$12,194
21 years$50,604$40,449$32,051$25,201$19,685$10,522
22 years$47,795$37,758$29,540$22,914$17,645$9,090
23 years$45,233$35,314$27,275$20,868$15,839$7,861
24 years$42,889$33,087$25,224$19,033$14,237$6,804
25 years$40,735$31,051$23,363$17,382$12,811$5,893
26 years$38,750$29,182$21,668$15,893$11,540$5,108
27 years$36,915$27,464$20,120$14,547$10,404$4,430
28 years$35,215$25,879$18,705$13,328$9,388$3,843
29 years$33,634$24,414$17,406$12,222$8,477$3,336
30 years$32,162$23,057$16,213$11,217$7,659$2,896
31 years$30,787$21,796$15,115$10,302$6,925$2,516
32 years$29,501$20,624$14,103$9,468$6,264$2,186
33 years$28,295$19,531$13,168$8,707$5,669$1,899
34 years$27,163$18,511$12,303$8,011$5,133$1,651
35 years$26,098$17,557$11,503$7,374$4,649$1,435
36 years$25,094$16,664$10,760$6,792$4,212$1,248
37 years$24,147$15,827$10,072$6,258$3,817$1,085
38 years$23,251$15,042$9,432$5,768$3,461$943
39 years$22,404$14,303$8,836$5,318$3,138$821
40 years$21,601$13,608$8,282$4,905$2,847$714
41 years$20,839$12,954$7,766$4,526$2,583$621
42 years$20,116$12,337$7,285$4,177$2,343$540
43 years$19,428$11,754$6,836$3,856$2,127$470
44 years$18,773$11,204$6,417$3,560$1,930$409
45 years$18,149$10,684$6,025$3,288$1,753$356
46 years$17,553$10,192$5,659$3,037$1,591$310
47 years$16,985$9,727$5,316$2,806$1,445$269
48 years$16,442$9,285$4,996$2,593$1,312$234
49 years$15,923$8,867$4,696$2,396$1,192$204
50 years$15,426$8,470$4,415$2,215$1,082$177

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 $4,480 every year, while hoping to spend $34,100 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: 46/37/17 Blend
53$15,800,000$15,800,000$15,800,000$15,800,000
54$17,416,221$16,578,821$16,333,921$18,132,830
55$19,156,394$17,354,901$16,844,825$19,408,835
56$21,072,921$18,167,866$17,371,702$20,788,548
57$23,183,755$19,019,488$17,915,050$22,284,659
58$25,508,678$19,911,623$18,475,384$23,908,007
59$28,069,489$20,846,218$19,053,235$25,670,492
60$30,890,208$21,825,315$19,649,151$27,585,179
61$33,997,307$22,851,052$20,263,695$29,666,415
62$37,419,953$23,925,675$20,897,449$31,929,961
63$41,190,289$25,051,533$21,551,014$34,393,128
64$45,343,734$26,231,094$22,225,009$37,074,937
65$49,919,320$27,466,943$22,920,072$39,996,288
66$54,960,057$28,761,790$23,636,861$43,180,154
67$60,513,342$30,118,477$24,376,055$46,651,783
68$66,631,404$31,539,983$25,138,354$50,438,929
69$73,371,798$33,029,433$25,924,479$54,572,109
70$80,797,947$34,590,101$26,735,175$59,084,875
71$88,979,744$36,225,422$27,571,210$64,014,125
72$97,994,207$37,938,997$28,433,374$69,400,437
73$107,926,209$39,734,601$29,322,485$75,288,444
74$118,869,277$41,616,191$30,239,384$81,727,242
75$130,926,479$43,587,920$31,184,938$88,770,841
76$144,211,390$45,654,138$32,160,044$96,478,660
77$158,849,169$47,819,409$33,165,623$104,916,080
78$174,977,741$50,088,517$34,202,628$114,155,042
79$192,749,096$52,466,478$35,272,041$124,274,710
80$212,330,722$54,958,554$36,374,873$135,362,210
81$233,907,192$57,570,260$37,512,168$147,513,429
82$257,681,903$60,307,380$38,685,003$160,833,906
83$283,878,994$63,175,979$39,894,487$175,439,811
84$312,745,465$66,182,415$41,141,766$191,459,024
85$344,553,506$69,333,357$42,428,019$209,032,318
86$379,603,070$72,635,798$43,754,463$228,314,674
87$418,224,700$76,097,068$45,122,355$249,476,717
88$460,782,652$79,724,858$46,532,987$272,706,307
89$507,678,336$83,527,229$47,987,695$298,210,292
90$559,354,099$87,512,636$49,487,855$326,216,428
91$616,297,405$91,689,944$51,034,887$356,975,512
92$679,045,438$96,068,449$52,630,253$390,763,719
93$748,190,170$100,657,900$54,275,464$427,885,180
94$824,383,951$105,468,520$55,972,076$468,674,827
95$908,345,666$110,511,030$57,721,693$513,501,519
96$1,000,867,525$115,796,672$59,525,970$562,771,498
97$1,102,822,538$121,337,233$61,386,615$616,932,185
98$1,215,172,757$127,145,078$63,305,387$676,476,373
99$1,338,978,361$133,233,170$65,284,101$741,946,838
100$1,475,407,664$139,615,106$67,324,628$813,941,428