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%14%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,246,884
2 years$650,004$637,898$626,165$614,790$603,756$582,656
3 years$429,031$416,873$405,171$393,902$383,048$362,508
4 years$318,567$306,446$294,860$283,784$273,193$253,373
5 years$252,305$240,257$228,824$217,973$207,677$188,633
6 years$208,146$196,188$184,924$174,315$164,328$146,082
7 years$176,615$164,759$153,672$143,314$133,642$116,200
8 years$152,978$141,229$130,326$120,223$110,869$94,227
9 years$134,604$122,965$112,250$102,403$93,368$77,517
10 years$119,912$108,387$97,862$88,272$79,554$64,481
11 years$107,900$96,491$86,156$76,823$68,419$54,108
12 years$97,897$86,605$76,461$67,384$59,291$45,722
13 years$89,440$78,266$68,313$59,490$51,703$38,857
14 years$82,197$71,141$61,380$52,809$45,322$33,179
15 years$75,925$64,989$55,418$47,096$39,905$28,440
16 years$70,443$59,626$50,244$42,170$35,268$24,458
17 years$65,611$54,913$45,720$37,889$31,271$21,092
18 years$61,320$50,742$41,737$34,146$27,805$18,231
19 years$57,486$47,028$38,208$30,854$24,783$15,789
20 years$54,039$43,700$35,065$27,944$22,137$13,698
21 years$50,925$40,705$32,253$25,361$19,810$11,901
22 years$48,097$37,997$29,726$23,059$17,757$10,353
23 years$45,519$35,538$27,447$21,000$15,940$9,016
24 years$43,160$33,296$25,384$19,153$14,327$7,859
25 years$40,993$31,247$23,511$17,492$12,892$6,856
26 years$38,995$29,367$21,805$15,994$11,613$5,985
27 years$37,149$27,638$20,248$14,639$10,470$5,228
28 years$35,438$26,043$18,823$13,413$9,447$4,569
29 years$33,847$24,569$17,516$12,300$8,530$3,995
30 years$32,366$23,203$16,316$11,288$7,708$3,495
31 years$30,982$21,934$15,211$10,367$6,969$3,058
32 years$29,688$20,754$14,192$9,528$6,304$2,677
33 years$28,475$19,654$13,251$8,762$5,705$2,344
34 years$27,335$18,628$12,381$8,061$5,165$2,052
35 years$26,263$17,668$11,575$7,421$4,678$1,798
36 years$25,253$16,770$10,829$6,835$4,239$1,575
37 years$24,300$15,927$10,135$6,297$3,842$1,380
38 years$23,399$15,137$9,491$5,804$3,483$1,209
39 years$22,546$14,394$8,892$5,352$3,158$1,060
40 years$21,738$13,694$8,335$4,936$2,865$929
41 years$20,971$13,036$7,815$4,554$2,599$814
42 years$20,243$12,415$7,331$4,203$2,358$714
43 years$19,551$11,829$6,879$3,880$2,140$626
44 years$18,891$11,275$6,457$3,582$1,943$549
45 years$18,263$10,752$6,063$3,309$1,764$481
46 years$17,664$10,257$5,695$3,056$1,601$422
47 years$17,093$9,788$5,350$2,823$1,454$370
48 years$16,546$9,344$5,028$2,609$1,320$325
49 years$16,024$8,923$4,726$2,411$1,199$285
50 years$15,524$8,524$4,443$2,229$1,089$250

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 $3,155 every year, while hoping to spend $51,825 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: 71/13/16 Blend
53$15,900,000$15,900,000$15,900,000$15,900,000
54$17,525,054$16,682,354$16,435,904$18,704,493
55$19,257,469$17,444,648$16,931,366$20,250,766
56$21,164,852$18,242,558$17,441,688$21,936,485
57$23,264,997$19,077,773$17,967,315$23,780,647
58$25,577,508$19,952,066$18,508,702$25,798,909
59$28,123,990$20,867,293$19,066,319$28,008,504
60$30,928,246$21,825,399$19,640,650$30,428,404
61$34,016,508$22,828,425$20,232,192$33,079,493
62$37,417,680$23,878,506$20,841,459$35,984,762
63$41,163,614$24,977,883$21,468,979$39,169,526
64$45,289,407$26,128,904$22,115,294$42,661,656
65$49,833,735$27,334,029$22,780,965$46,491,840
66$54,839,216$28,595,836$23,466,567$50,693,872
67$60,352,813$29,917,028$24,172,693$55,304,962
68$66,426,276$31,300,439$24,899,955$60,366,089
69$73,116,633$32,749,038$25,648,980$65,922,381
70$80,486,725$34,265,936$26,420,417$72,023,538
71$88,605,801$35,854,397$27,214,931$78,724,297
72$97,550,170$37,517,839$28,033,208$86,084,944
73$107,403,921$39,259,847$28,875,954$94,171,878
74$118,259,719$41,084,178$29,743,897$103,058,234
75$130,219,678$42,994,770$30,637,785$112,824,569
76$143,396,323$44,995,751$31,558,388$123,559,616
77$157,913,653$47,091,449$32,506,500$135,361,117
78$173,908,316$49,286,400$33,482,937$148,336,739
79$191,530,889$51,585,358$34,488,540$162,605,086
80$210,947,308$53,993,309$35,524,175$178,296,813
81$232,340,430$56,515,478$36,590,732$195,555,851
82$255,911,761$59,157,343$37,689,128$214,540,761
83$281,883,354$61,924,647$38,820,307$235,426,222
84$310,499,910$64,823,409$39,985,242$258,404,674
85$342,031,086$67,859,941$41,184,932$283,688,128
86$376,774,037$71,040,858$42,420,408$311,510,159
87$415,056,226$74,373,098$43,692,729$342,128,100
88$457,238,513$77,863,931$45,002,987$375,825,468
89$503,718,559$81,520,982$46,352,305$412,914,628
90$554,934,584$85,352,242$47,741,840$453,739,732
91$611,369,501$89,366,091$49,172,780$498,679,962
92$673,555,475$93,571,313$50,646,353$548,153,093
93$742,078,945$97,977,120$52,163,818$602,619,436
94$817,586,165$102,593,167$53,726,473$662,586,161
95$900,789,299$107,429,577$55,335,656$728,612,083
96$992,473,148$112,496,966$56,992,740$801,312,920
97$1,093,502,554$117,806,463$58,699,142$881,367,096
98$1,204,830,570$123,369,735$60,456,318$969,522,130
99$1,327,507,452$129,199,016$62,265,769$1,066,601,680
100$1,462,690,577$135,307,132$64,129,037$1,173,513,307