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%15.5%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,239,251
2 years$650,004$637,898$626,165$614,790$603,756$575,059
3 years$429,031$416,873$405,171$393,902$383,048$355,186
4 years$318,567$306,446$294,860$283,784$273,193$246,381
5 years$252,305$240,257$228,824$217,973$207,677$181,990
6 years$208,146$196,188$184,924$174,315$164,328$139,793
7 years$176,615$164,759$153,672$143,314$133,642$110,264
8 years$152,978$141,229$130,326$120,223$110,869$88,638
9 years$134,604$122,965$112,250$102,403$93,368$72,268
10 years$119,912$108,387$97,862$88,272$79,554$59,562
11 years$107,900$96,491$86,156$76,823$68,419$49,509
12 years$97,897$86,605$76,461$67,384$59,291$41,432
13 years$89,440$78,266$68,313$59,490$51,703$34,862
14 years$82,197$71,141$61,380$52,809$45,322$29,466
15 years$75,925$64,989$55,418$47,096$39,905$24,997
16 years$70,443$59,626$50,244$42,170$35,268$21,271
17 years$65,611$54,913$45,720$37,889$31,271$18,147
18 years$61,320$50,742$41,737$34,146$27,805$15,515
19 years$57,486$47,028$38,208$30,854$24,783$13,289
20 years$54,039$43,700$35,065$27,944$22,137$11,400
21 years$50,925$40,705$32,253$25,361$19,810$9,792
22 years$48,097$37,997$29,726$23,059$17,757$8,420
23 years$45,519$35,538$27,447$21,000$15,940$7,248
24 years$43,160$33,296$25,384$19,153$14,327$6,243
25 years$40,993$31,247$23,511$17,492$12,892$5,382
26 years$38,995$29,367$21,805$15,994$11,613$4,642
27 years$37,149$27,638$20,248$14,639$10,470$4,006
28 years$35,438$26,043$18,823$13,413$9,447$3,459
29 years$33,847$24,569$17,516$12,300$8,530$2,988
30 years$32,366$23,203$16,316$11,288$7,708$2,581
31 years$30,982$21,934$15,211$10,367$6,969$2,231
32 years$29,688$20,754$14,192$9,528$6,304$1,928
33 years$28,475$19,654$13,251$8,762$5,705$1,667
34 years$27,335$18,628$12,381$8,061$5,165$1,442
35 years$26,263$17,668$11,575$7,421$4,678$1,247
36 years$25,253$16,770$10,829$6,835$4,239$1,079
37 years$24,300$15,927$10,135$6,297$3,842$933
38 years$23,399$15,137$9,491$5,804$3,483$808
39 years$22,546$14,394$8,892$5,352$3,158$699
40 years$21,738$13,694$8,335$4,936$2,865$605
41 years$20,971$13,036$7,815$4,554$2,599$523
42 years$20,243$12,415$7,331$4,203$2,358$453
43 years$19,551$11,829$6,879$3,880$2,140$392
44 years$18,891$11,275$6,457$3,582$1,943$339
45 years$18,263$10,752$6,063$3,309$1,764$294
46 years$17,664$10,257$5,695$3,056$1,601$254
47 years$17,093$9,788$5,350$2,823$1,454$220
48 years$16,546$9,344$5,028$2,609$1,320$191
49 years$16,024$8,923$4,726$2,411$1,199$165
50 years$15,524$8,524$4,443$2,229$1,089$143

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 $2,334 every year, while hoping to spend $57,366 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: 32/38/30 Blend
53$15,900,000$15,900,000$15,900,000$15,900,000
54$17,524,208$16,681,508$16,435,058$17,924,861
55$19,250,640$17,437,864$16,924,595$18,990,840
56$21,151,245$18,229,360$17,428,609$20,132,963
57$23,243,729$19,057,656$17,947,525$21,362,043
58$25,547,601$19,924,492$18,481,778$22,685,790
59$28,084,358$20,831,694$19,031,819$24,112,650
60$30,877,687$21,781,172$19,598,110$25,651,882
61$33,953,691$22,774,928$20,181,126$27,313,637
62$37,341,131$23,815,064$20,781,357$29,109,046
63$41,071,701$24,903,776$21,399,308$31,050,319
64$45,180,325$26,043,372$22,035,495$33,150,851
65$49,705,487$27,236,266$22,690,453$35,425,341
66$54,689,594$28,484,991$23,364,730$37,889,924
67$60,179,375$29,792,198$24,058,892$40,562,310
68$66,226,325$31,160,669$24,773,518$43,461,947
69$72,887,186$32,593,317$25,509,206$46,610,192
70$80,224,487$34,093,198$26,266,573$50,030,503
71$88,307,130$35,663,511$27,046,249$53,748,651
72$97,211,046$37,307,611$27,848,887$57,792,951
73$107,019,903$39,029,015$28,675,155$62,194,516
74$117,825,904$40,831,407$29,525,743$66,987,545
75$129,730,651$42,718,651$30,401,361$72,209,626
76$142,846,107$44,694,794$31,302,736$77,902,081
77$157,295,652$46,764,081$32,230,619$84,110,344
78$173,215,247$48,930,959$33,185,783$90,884,373
79$190,754,716$51,200,091$34,169,021$98,279,106
80$210,079,164$53,576,362$35,181,151$106,354,967
81$231,370,532$56,064,896$36,223,011$115,178,419
82$254,829,312$58,671,062$37,295,468$124,822,573
83$280,676,446$61,400,488$38,399,411$135,367,859
84$309,155,405$64,259,074$39,535,753$146,902,773
85$340,534,492$67,253,005$40,705,437$159,524,685
86$375,109,372$70,388,763$41,909,430$173,340,744
87$413,205,860$73,673,145$43,148,728$188,468,862
88$455,183,003$77,113,274$44,424,355$205,038,813
89$501,436,464$80,716,619$45,737,366$223,193,426
90$552,402,259$84,491,009$47,088,844$243,089,915
91$608,560,872$88,444,652$48,479,903$264,901,336
92$670,441,792$92,586,151$49,911,691$288,818,194
93$738,628,509$96,924,526$51,385,386$315,050,212
94$813,764,023$101,469,234$52,902,203$343,828,282
95$896,556,914$106,230,187$54,463,388$375,406,620
96$987,788,033$111,217,780$56,070,225$410,065,123
97$1,088,317,869$116,442,907$57,724,033$448,111,988
98$1,199,094,675$121,916,993$59,426,172$489,886,583
99$1,321,163,419$127,652,013$61,178,036$535,762,611
100$1,455,675,649$133,660,523$62,981,062$586,151,606