Can I retire at age 54 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,247,963
2 years$662,268$649,934$637,980$626,390$615,148$571,412
3 years$437,126$424,739$412,815$401,334$390,275$348,024
4 years$324,577$312,228$300,424$289,139$278,348$237,904
5 years$257,066$244,791$233,141$222,086$211,595$173,067
6 years$212,073$199,890$188,413$177,604$167,428$130,846
7 years$179,948$167,867$156,572$146,018$136,164$101,522
8 years$155,865$143,893$132,785$122,491$112,961$80,232
9 years$137,143$125,285$114,368$104,335$95,130$64,274
10 years$122,175$110,433$99,709$89,938$81,055$52,022
11 years$109,936$98,312$87,782$78,273$69,710$42,443
12 years$99,744$88,239$77,904$68,656$60,409$34,846
13 years$91,127$79,742$69,602$60,613$52,678$28,753
14 years$83,748$72,484$62,538$53,805$46,177$23,821
15 years$77,358$66,215$56,463$47,985$40,658$19,800
16 years$71,772$60,751$51,192$42,965$35,934$16,502
17 years$66,849$55,950$46,583$38,604$31,861$13,783
18 years$62,477$51,700$42,524$34,790$28,330$11,534
19 years$58,570$47,915$38,929$31,436$25,251$9,666
20 years$55,059$44,525$35,727$28,471$22,555$8,111
21 years$51,886$41,473$32,862$25,839$20,184$6,813
22 years$49,005$38,714$30,287$23,494$18,092$5,728
23 years$46,378$36,208$27,965$21,396$16,240$4,819
24 years$43,974$33,925$25,863$19,515$14,597$4,057
25 years$41,766$31,837$23,954$17,822$13,135$3,417
26 years$39,731$29,921$22,216$16,295$11,832$2,879
27 years$37,850$28,159$20,630$14,916$10,667$2,427
28 years$36,106$26,534$19,178$13,666$9,625$2,047
29 years$34,486$25,032$17,847$12,532$8,691$1,726
30 years$32,976$23,640$16,624$11,501$7,853$1,456
31 years$31,567$22,348$15,498$10,563$7,100$1,229
32 years$30,248$21,146$14,460$9,708$6,423$1,037
33 years$29,012$20,025$13,501$8,927$5,812$875
34 years$27,851$18,979$12,615$8,214$5,262$739
35 years$26,759$18,002$11,794$7,561$4,766$624
36 years$25,729$17,086$11,033$6,964$4,319$526
37 years$24,758$16,228$10,327$6,416$3,914$444
38 years$23,840$15,422$9,670$5,914$3,549$375
39 years$22,971$14,665$9,060$5,453$3,218$317
40 years$22,148$13,953$8,492$5,029$2,919$268
41 years$21,367$13,282$7,963$4,640$2,648$226
42 years$20,625$12,649$7,469$4,282$2,403$191
43 years$19,919$12,052$7,009$3,953$2,181$161
44 years$19,248$11,488$6,579$3,650$1,979$136
45 years$18,608$10,955$6,178$3,371$1,797$115
46 years$17,998$10,451$5,802$3,114$1,631$97
47 years$17,415$9,973$5,451$2,877$1,481$82
48 years$16,858$9,521$5,122$2,658$1,345$69
49 years$16,326$9,092$4,815$2,457$1,222$58
50 years$15,817$8,685$4,527$2,271$1,110$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $16,200,000, adding $2,392 every year, while hoping to spend $49,816 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: 57/38/5 Blend
53$16,200,000$16,200,000$16,200,000$16,200,000
54$17,854,867$16,996,267$16,745,167$18,855,521
55$19,623,060$17,776,081$17,253,127$20,307,643
56$21,569,939$18,592,435$17,776,433$21,883,143
57$23,713,677$19,447,069$18,315,548$23,598,379
58$26,074,300$20,341,803$18,870,946$25,466,679
59$28,673,874$21,278,547$19,443,119$27,502,691
60$31,536,714$22,259,301$20,032,568$29,722,512
61$34,689,614$23,286,162$20,639,815$32,143,834
62$38,162,100$24,361,329$21,265,393$34,786,109
63$41,986,704$25,487,104$21,909,854$37,670,717
64$46,199,278$26,665,902$22,573,764$40,821,172
65$50,839,327$27,900,255$23,257,709$44,263,326
66$55,950,385$29,192,813$23,962,288$48,025,613
67$61,580,422$30,546,359$24,688,123$52,139,307
68$67,782,301$31,963,806$25,435,850$56,638,806
69$74,614,272$33,448,209$26,206,128$61,561,954
70$82,140,527$35,002,771$26,999,633$66,950,382
71$90,431,802$36,630,848$27,817,061$72,849,896
72$99,566,044$38,335,957$28,659,131$79,310,899
73$109,629,150$40,121,789$29,526,582$86,388,854
74$120,715,775$41,992,208$30,420,174$94,144,798
75$132,930,226$43,951,269$31,340,692$102,645,908
76$146,387,447$46,003,218$32,288,942$111,966,119
77$161,214,102$48,152,511$33,265,757$122,186,813
78$177,549,772$50,403,816$34,271,992$133,397,572
79$195,548,273$52,762,027$35,308,528$145,697,011
80$215,379,107$55,232,276$36,376,273$159,193,693
81$237,229,060$57,819,942$37,476,163$174,007,139
82$261,303,969$60,530,665$38,609,159$190,268,942
83$287,830,662$63,370,355$39,776,254$208,123,988
84$317,059,098$66,345,211$40,978,467$227,731,811
85$349,264,730$69,461,731$42,216,851$249,268,080
86$384,751,104$72,726,727$43,492,486$272,926,234
87$423,852,721$76,147,341$44,806,489$298,919,293
88$466,938,199$79,731,061$46,160,006$327,481,843
89$514,413,749$83,485,736$47,554,220$358,872,234
90$566,727,012$87,419,599$48,990,348$393,374,992
91$624,371,285$91,541,277$50,469,642$431,303,479
92$687,890,175$95,859,817$51,993,393$473,002,830
93$757,882,731$100,384,707$53,562,930$518,853,185
94$835,009,102$105,125,890$55,179,621$569,273,242
95$919,996,767$110,093,795$56,844,875$624,724,191
96$1,013,647,400$115,299,355$58,560,141$685,714,029
97$1,116,844,444$120,754,032$60,326,915$752,802,329
98$1,230,561,444$126,469,846$62,146,733$826,605,483
99$1,355,871,242$132,459,399$64,021,180$907,802,495
100$1,493,956,104$138,735,905$65,951,885$997,141,343