Can I retire at age 54 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,237,238
2 years$650,004$637,898$626,165$614,790$603,756$573,060
3 years$429,031$416,873$405,171$393,902$383,048$353,266
4 years$318,567$306,446$294,860$283,784$273,193$244,555
5 years$252,305$240,257$228,824$217,973$207,677$180,262
6 years$208,146$196,188$184,924$174,315$164,328$138,164
7 years$176,615$164,759$153,672$143,314$133,642$108,733
8 years$152,978$141,229$130,326$120,223$110,869$87,204
9 years$134,604$122,965$112,250$102,403$93,368$70,927
10 years$119,912$108,387$97,862$88,272$79,554$58,313
11 years$107,900$96,491$86,156$76,823$68,419$48,347
12 years$97,897$86,605$76,461$67,384$59,291$40,354
13 years$89,440$78,266$68,313$59,490$51,703$33,865
14 years$82,197$71,141$61,380$52,809$45,322$28,545
15 years$75,925$64,989$55,418$47,096$39,905$24,148
16 years$70,443$59,626$50,244$42,170$35,268$20,490
17 years$65,611$54,913$45,720$37,889$31,271$17,430
18 years$61,320$50,742$41,737$34,146$27,805$14,858
19 years$57,486$47,028$38,208$30,854$24,783$12,689
20 years$54,039$43,700$35,065$27,944$22,137$10,852
21 years$50,925$40,705$32,253$25,361$19,810$9,293
22 years$48,097$37,997$29,726$23,059$17,757$7,966
23 years$45,519$35,538$27,447$21,000$15,940$6,835
24 years$43,160$33,296$25,384$19,153$14,327$5,870
25 years$40,993$31,247$23,511$17,492$12,892$5,044
26 years$38,995$29,367$21,805$15,994$11,613$4,337
27 years$37,149$27,638$20,248$14,639$10,470$3,730
28 years$35,438$26,043$18,823$13,413$9,447$3,210
29 years$33,847$24,569$17,516$12,300$8,530$2,764
30 years$32,366$23,203$16,316$11,288$7,708$2,380
31 years$30,982$21,934$15,211$10,367$6,969$2,050
32 years$29,688$20,754$14,192$9,528$6,304$1,766
33 years$28,475$19,654$13,251$8,762$5,705$1,522
34 years$27,335$18,628$12,381$8,061$5,165$1,312
35 years$26,263$17,668$11,575$7,421$4,678$1,131
36 years$25,253$16,770$10,829$6,835$4,239$975
37 years$24,300$15,927$10,135$6,297$3,842$841
38 years$23,399$15,137$9,491$5,804$3,483$725
39 years$22,546$14,394$8,892$5,352$3,158$625
40 years$21,738$13,694$8,335$4,936$2,865$539
41 years$20,971$13,036$7,815$4,554$2,599$465
42 years$20,243$12,415$7,331$4,203$2,358$401
43 years$19,551$11,829$6,879$3,880$2,140$346
44 years$18,891$11,275$6,457$3,582$1,943$298
45 years$18,263$10,752$6,063$3,309$1,764$257
46 years$17,664$10,257$5,695$3,056$1,601$222
47 years$17,093$9,788$5,350$2,823$1,454$192
48 years$16,546$9,344$5,028$2,609$1,320$165
49 years$16,024$8,923$4,726$2,411$1,199$143
50 years$15,524$8,524$4,443$2,229$1,089$123

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $15,900,000, adding $3,624 every year, while hoping to spend $35,798 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: 63/28/9 Blend
53$15,900,000$15,900,000$15,900,000$15,900,000
54$17,525,538$16,682,838$16,436,388$18,595,891
55$19,275,054$17,462,208$16,948,918$20,090,488
56$21,201,821$18,278,568$17,477,419$21,717,202
57$23,323,881$19,133,692$18,022,386$23,492,420
58$25,661,114$20,029,440$18,584,333$25,430,540
59$28,235,428$20,967,763$19,163,789$27,547,392
60$31,070,964$21,950,705$19,761,298$29,860,388
61$34,194,323$22,980,411$20,377,422$32,388,679
62$37,634,820$24,059,127$21,012,742$35,153,330
63$41,424,757$25,189,210$21,667,854$38,177,516
64$45,599,730$26,373,129$22,343,375$41,486,731
65$50,198,964$27,613,473$23,039,939$45,109,029
66$55,265,683$28,912,959$23,758,203$49,075,276
67$60,847,521$30,274,432$24,498,840$53,419,442
68$66,996,965$31,700,876$25,262,549$58,178,907
69$73,771,857$33,195,420$26,050,045$63,394,816
70$81,235,936$34,761,345$26,862,071$69,112,451
71$89,459,440$36,402,090$27,699,389$75,381,659
72$98,519,771$38,121,261$28,562,787$82,257,307
73$108,502,223$39,922,638$29,453,076$89,799,800
74$119,500,789$41,810,186$30,371,093$98,075,634
75$131,619,045$43,788,060$31,317,700$107,158,019
76$144,971,132$45,860,620$32,293,788$117,127,563
77$159,682,831$48,032,434$33,300,273$128,073,017
78$175,892,750$50,308,293$34,338,102$140,092,107
79$193,753,632$52,693,221$35,408,250$153,292,442
80$213,433,798$55,192,485$36,511,722$167,792,522
81$235,118,736$57,811,607$37,649,555$183,722,842
82$259,012,850$60,556,379$38,822,818$201,227,113
83$285,341,392$63,432,873$40,032,614$220,463,604
84$314,352,586$66,447,456$41,280,079$241,606,623
85$346,319,973$69,606,804$42,566,385$264,848,149
86$381,544,991$72,917,918$43,892,739$290,399,628
87$420,359,823$76,388,139$45,260,389$318,493,953
88$463,130,531$80,025,163$46,670,617$349,387,646
89$510,260,512$83,837,063$48,124,750$383,363,264
90$562,194,307$87,832,303$49,624,152$420,732,048
91$619,421,797$92,019,756$51,170,232$461,836,841
92$682,482,826$96,408,730$52,764,441$507,055,303
93$751,972,301$101,008,984$54,408,276$556,803,459
94$828,545,803$105,830,752$56,103,281$611,539,605
95$912,925,781$110,884,765$57,851,047$671,768,608
96$1,005,908,368$116,182,276$59,653,214$738,046,648
97$1,108,370,900$121,735,086$61,511,475$810,986,450
98$1,221,280,197$127,555,569$63,427,574$891,263,034
99$1,345,701,688$133,656,704$65,403,310$979,620,066
100$1,482,809,476$140,052,098$67,440,536$1,076,876,846