Can I retire at age 54 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,262,538
2 years$654,092$641,910$630,104$618,657$607,554$594,136
3 years$431,730$419,495$407,719$396,379$385,457$372,362
4 years$320,570$308,373$296,715$285,569$274,911$262,239
5 years$253,892$241,768$230,263$219,344$208,983$196,772
6 years$209,455$197,422$186,087$175,411$165,361$153,625
7 years$177,726$165,795$154,639$144,215$134,483$123,228
8 years$153,940$142,117$131,146$120,979$111,567$100,791
9 years$135,450$123,738$112,956$103,047$93,955$83,656
10 years$120,667$109,069$98,478$88,828$80,054$70,225
11 years$108,579$97,098$86,698$77,307$68,850$59,481
12 years$98,513$87,150$76,942$67,808$59,664$50,747
13 years$90,002$78,758$68,743$59,865$52,028$43,552
14 years$82,714$71,589$61,766$53,141$45,607$37,561
15 years$76,403$65,398$55,766$47,392$40,156$32,528
16 years$70,886$60,001$50,560$42,435$35,490$28,266
17 years$66,023$55,259$46,008$38,127$31,468$24,635
18 years$61,706$51,062$41,999$34,360$27,980$21,525
19 years$57,847$47,323$38,448$31,048$24,939$18,847
20 years$54,379$43,975$35,286$28,120$22,276$16,534
21 years$51,245$40,961$32,456$25,520$19,935$14,528
22 years$48,400$38,236$29,913$23,204$17,869$12,783
23 years$45,806$35,761$27,620$21,132$16,040$11,261
24 years$43,431$33,506$25,544$19,274$14,417$9,931
25 years$41,250$31,444$23,659$17,602$12,973$8,766
26 years$39,241$29,552$21,942$16,094$11,686$7,745
27 years$37,383$27,812$20,375$14,731$10,536$6,847
28 years$35,661$26,207$18,941$13,497$9,506$6,057
29 years$34,060$24,723$17,627$12,377$8,584$5,361
30 years$32,569$23,348$16,418$11,359$7,756$4,747
31 years$31,177$22,072$15,306$10,433$7,012$4,206
32 years$29,875$20,885$14,281$9,588$6,343$3,727
33 years$28,654$19,778$13,334$8,817$5,741$3,305
34 years$27,507$18,745$12,459$8,112$5,197$2,931
35 years$26,428$17,779$11,648$7,468$4,708$2,600
36 years$25,412$16,875$10,897$6,878$4,265$2,307
37 years$24,452$16,028$10,199$6,337$3,866$2,047
38 years$23,546$15,232$9,551$5,841$3,505$1,817
39 years$22,688$14,484$8,948$5,385$3,178$1,613
40 years$21,875$13,780$8,387$4,967$2,883$1,432
41 years$21,103$13,118$7,864$4,583$2,615$1,272
42 years$20,370$12,493$7,377$4,230$2,373$1,129
43 years$19,674$11,903$6,922$3,904$2,154$1,003
44 years$19,010$11,346$6,498$3,605$1,955$891
45 years$18,378$10,820$6,101$3,329$1,775$792
46 years$17,776$10,322$5,731$3,075$1,611$703
47 years$17,200$9,850$5,384$2,841$1,463$625
48 years$16,650$9,403$5,059$2,625$1,329$555
49 years$16,125$8,979$4,755$2,426$1,207$493
50 years$15,622$8,577$4,471$2,243$1,096$438

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $16,000,000, adding $5,948 every year, while hoping to spend $35,047 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: 52/30/18 Blend
53$16,000,000$16,000,000$16,000,000$16,000,000
54$17,638,135$16,790,135$16,542,135$18,468,094
55$19,399,935$17,575,562$17,059,007$19,824,206
56$21,340,264$18,398,300$17,592,020$21,294,251
57$23,477,295$19,260,141$18,141,676$22,892,419
58$25,831,054$20,162,962$18,708,497$24,630,872
59$28,423,606$21,108,733$19,293,016$26,522,976
60$31,279,270$22,099,516$19,895,788$28,583,416
61$34,424,839$23,137,476$20,517,380$30,828,335
62$37,889,841$24,224,881$21,158,381$33,275,476
63$41,706,814$25,364,109$21,819,396$35,944,346
64$45,911,613$26,557,654$22,501,050$38,856,391
65$50,543,749$27,808,131$23,203,986$42,035,197
66$55,646,760$29,118,278$23,928,869$45,506,698
67$61,268,627$30,490,971$24,676,383$49,299,421
68$67,462,220$31,929,222$25,447,235$53,444,743
69$74,285,801$33,436,188$26,242,152$57,977,178
70$81,803,575$35,015,183$27,061,886$62,934,702
71$90,086,291$36,669,679$27,907,211$68,359,093
72$99,211,914$38,403,315$28,778,924$74,296,322
73$109,266,361$40,219,909$29,677,850$80,796,979
74$120,344,309$42,123,464$30,604,837$87,916,734
75$132,550,090$44,118,175$31,560,761$95,716,857
76$145,998,677$46,208,443$32,546,523$104,264,785
77$160,816,766$48,398,881$33,563,056$113,634,745
78$177,143,977$50,694,327$34,611,319$123,908,447
79$195,134,166$53,099,852$35,692,302$135,175,836
80$214,956,882$55,620,776$36,807,025$147,535,934
81$236,798,964$58,262,674$37,956,540$161,097,758
82$260,866,308$61,031,394$39,141,934$175,981,338
83$287,385,807$63,933,068$40,364,324$192,318,830
84$316,607,495$66,974,125$41,624,865$210,255,752
85$348,806,909$70,161,306$42,924,747$229,952,340
86$384,287,684$73,501,681$44,265,197$251,585,043
87$423,384,426$77,002,661$45,647,480$275,348,171
88$466,465,867$80,672,021$47,072,900$301,455,712
89$513,938,346$84,517,911$48,542,803$330,143,330
90$566,249,647$88,548,878$50,058,575$361,670,571
91$623,893,222$92,773,884$51,621,649$396,323,290
92$687,412,854$97,202,328$53,233,497$434,416,328
93$757,407,788$101,844,065$54,895,643$476,296,461
94$834,538,388$106,709,430$56,609,653$522,345,650
95$919,532,372$111,809,260$58,377,145$572,984,616
96$1,013,191,682$117,154,921$60,199,786$628,676,792
97$1,116,400,051$122,758,331$62,079,297$689,932,663
98$1,230,131,353$128,631,986$64,017,450$757,314,561
99$1,355,458,791$134,788,992$66,016,074$831,441,939
100$1,493,565,029$141,243,095$68,077,054$912,997,187