Can I retire at age 54 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,270,958
2 years$658,180$645,922$634,042$622,523$611,351$598,380
3 years$434,428$422,117$410,267$398,857$387,866$375,204
4 years$322,574$310,301$298,569$287,354$276,629$264,375
5 years$255,479$243,280$231,702$220,715$210,289$198,478
6 years$210,764$198,656$187,250$176,508$166,395$155,041
7 years$178,837$166,831$155,605$145,117$135,323$124,432
8 years$154,902$143,005$131,966$121,735$112,264$101,835
9 years$136,297$124,512$113,662$103,691$94,542$84,572
10 years$121,421$109,751$99,093$89,383$80,555$71,036
11 years$109,257$97,705$87,240$77,790$69,280$60,206
12 years$99,129$87,694$77,423$68,232$60,036$51,398
13 years$90,565$79,250$69,173$60,239$52,353$44,139
14 years$83,231$72,036$62,152$53,473$45,892$38,093
15 years$76,880$65,806$56,115$47,689$40,407$33,010
16 years$71,329$60,376$50,876$42,700$35,712$28,705
17 years$66,436$55,604$46,295$38,366$31,665$25,035
18 years$62,092$51,381$42,262$34,575$28,155$21,890
19 years$58,209$47,619$38,689$31,242$25,095$19,181
20 years$54,719$44,250$35,506$28,295$22,415$16,839
21 years$51,565$41,217$32,659$25,680$20,059$14,807
22 years$48,702$38,475$30,100$23,349$17,980$13,038
23 years$46,092$35,985$27,792$21,264$16,140$11,495
24 years$43,703$33,715$25,703$19,394$14,507$10,145
25 years$41,508$31,640$23,806$17,712$13,054$8,962
26 years$39,486$29,737$22,079$16,195$11,759$7,924
27 years$37,616$27,986$20,502$14,824$10,601$7,011
28 years$35,883$26,371$19,060$13,582$9,566$6,207
29 years$34,273$24,878$17,737$12,455$8,638$5,498
30 years$32,773$23,494$16,521$11,430$7,805$4,873
31 years$31,372$22,210$15,402$10,498$7,056$4,321
32 years$30,061$21,015$14,370$9,648$6,383$3,832
33 years$28,833$19,902$13,418$8,872$5,777$3,400
34 years$27,679$18,862$12,537$8,163$5,230$3,018
35 years$26,593$17,891$11,721$7,514$4,737$2,680
36 years$25,571$16,981$10,965$6,921$4,292$2,379
37 years$24,605$16,128$10,263$6,376$3,890$2,113
38 years$23,693$15,327$9,611$5,877$3,527$1,877
39 years$22,829$14,575$9,004$5,419$3,198$1,668
40 years$22,011$13,867$8,440$4,998$2,901$1,482
41 years$21,235$13,200$7,914$4,612$2,632$1,317
42 years$20,498$12,571$7,423$4,256$2,388$1,171
43 years$19,797$11,978$6,966$3,929$2,167$1,041
44 years$19,129$11,417$6,539$3,628$1,967$926
45 years$18,493$10,887$6,139$3,350$1,786$823
46 years$17,887$10,386$5,766$3,095$1,621$732
47 years$17,308$9,911$5,417$2,859$1,472$651
48 years$16,754$9,462$5,091$2,642$1,337$579
49 years$16,225$9,035$4,785$2,442$1,214$515
50 years$15,719$8,631$4,499$2,257$1,103$458

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $16,100,000, adding $6,790 every year, while hoping to spend $59,923 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: 50/41/9 Blend
53$16,100,000$16,100,000$16,100,000$16,100,000
54$17,749,204$16,895,904$16,646,354$18,594,412
55$19,495,865$17,660,046$17,140,249$19,936,656
56$21,418,677$18,459,622$17,648,682$21,387,456
57$23,535,545$19,296,306$18,172,075$22,962,536
58$25,866,196$20,171,850$18,710,865$24,673,562
59$28,432,369$21,088,092$19,265,500$26,533,342
60$31,258,019$22,046,956$19,836,442$28,555,948
61$34,369,539$23,050,460$20,424,165$30,756,833
62$37,796,015$24,100,716$21,029,158$33,152,979
63$41,569,497$25,199,939$21,651,923$35,763,043
64$45,725,299$26,350,450$22,292,976$38,607,532
65$50,302,339$27,554,681$22,952,850$41,708,984
66$55,343,498$28,815,181$23,632,091$45,092,173
67$60,896,030$30,134,620$24,331,262$48,784,339
68$67,012,007$31,515,798$25,050,940$52,815,430
69$73,748,808$32,961,648$25,791,723$57,218,379
70$81,169,662$34,475,244$26,554,221$62,029,406
71$89,344,245$36,059,809$27,339,065$67,288,346
72$98,349,337$37,718,718$28,146,903$73,039,017
73$108,269,545$39,455,512$28,978,400$79,329,623
74$119,198,105$41,273,898$29,834,243$86,213,196
75$131,237,758$43,177,765$30,715,136$93,748,083
76$144,501,720$45,171,187$31,621,804$101,998,488
77$159,114,755$47,258,434$32,554,994$111,035,060
78$175,214,346$49,443,983$33,515,472$120,935,551
79$192,951,997$51,732,526$34,504,028$131,785,530
80$212,494,660$54,128,979$35,521,472$143,679,179
81$234,026,314$56,638,498$36,568,640$156,720,165
82$257,749,698$59,266,485$37,646,390$171,022,601
83$283,888,228$62,018,603$38,755,605$186,712,107
84$312,688,102$64,900,789$39,897,192$203,926,976
85$344,420,626$67,919,265$41,072,086$222,819,462
86$379,384,775$71,080,555$42,281,246$243,557,194
87$417,910,015$74,391,494$43,525,660$266,324,742
88$460,359,410$77,859,252$44,806,344$291,325,331
89$507,133,055$81,491,340$46,124,342$318,782,742
90$558,671,847$85,295,636$47,480,728$348,943,398
91$615,461,650$89,280,396$48,876,606$382,078,662
92$678,037,878$93,454,276$50,313,112$418,487,379
93$746,990,554$97,826,348$51,791,414$458,498,662
94$822,969,877$102,406,126$53,312,713$502,474,972
95$906,692,359$107,203,580$54,878,243$550,815,514
96$998,947,590$112,229,166$56,489,275$603,959,965
97$1,100,605,692$117,493,843$58,147,113$662,392,599
98$1,212,625,532$123,009,101$59,853,101$726,646,817
99$1,336,063,774$128,786,985$61,608,618$797,310,153
100$1,472,084,856$134,840,124$63,415,084$875,029,775