Can I retire at age 54 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,263,530
2 years$674,532$661,969$649,794$637,990$626,540$574,593
3 years$445,221$432,604$420,460$408,766$397,502$347,448
4 years$330,588$318,010$305,987$294,493$283,502$235,721
5 years$261,826$249,324$237,459$226,199$215,514$170,127
6 years$216,000$203,592$191,902$180,893$170,529$127,565
7 years$183,280$170,976$159,471$148,722$138,686$98,130
8 years$158,751$146,558$135,244$124,759$115,053$76,865
9 years$139,683$127,605$116,486$106,267$96,891$61,012
10 years$124,437$112,478$101,555$91,603$82,556$48,916
11 years$111,972$100,132$89,407$79,722$71,001$39,521
12 years$101,592$89,873$79,347$69,927$61,528$32,124
13 years$92,815$81,219$70,891$61,735$53,654$26,236
14 years$85,299$73,826$63,696$54,802$47,032$21,509
15 years$78,790$67,441$57,509$48,873$41,411$17,688
16 years$73,101$61,876$52,140$43,761$36,599$14,582
17 years$68,087$56,986$47,446$39,319$32,451$12,046
18 years$63,634$52,657$43,312$35,434$28,854$9,967
19 years$59,655$48,802$39,650$32,018$25,718$8,259
20 years$56,078$45,349$36,389$28,998$22,972$6,851
21 years$52,846$42,241$33,470$26,318$20,558$5,688
22 years$49,912$39,431$30,848$23,929$18,427$4,726
23 years$47,237$36,879$28,483$21,793$16,541$3,929
24 years$44,789$34,553$26,342$19,876$14,867$3,269
25 years$42,540$32,426$24,398$18,152$13,378$2,720
26 years$40,467$30,475$22,628$16,597$12,051$2,265
27 years$38,551$28,681$21,012$15,192$10,865$1,886
28 years$36,775$27,026$19,533$13,919$9,804$1,571
29 years$35,124$25,496$18,177$12,764$8,852$1,309
30 years$33,587$24,078$16,932$11,714$7,999$1,091
31 years$32,151$22,762$15,785$10,759$7,232$909
32 years$30,808$21,537$14,727$9,887$6,541$758
33 years$29,549$20,396$13,751$9,092$5,920$632
34 years$28,367$19,331$12,848$8,366$5,360$527
35 years$27,254$18,335$12,012$7,701$4,855$439
36 years$26,206$17,403$11,237$7,092$4,399$366
37 years$25,216$16,529$10,518$6,535$3,987$305
38 years$24,281$15,708$9,849$6,023$3,614$255
39 years$23,397$14,937$9,228$5,554$3,277$212
40 years$22,558$14,211$8,649$5,123$2,973$177
41 years$21,763$13,528$8,110$4,726$2,697$148
42 years$21,007$12,883$7,608$4,362$2,447$123
43 years$20,288$12,275$7,139$4,026$2,221$103
44 years$19,604$11,701$6,701$3,718$2,016$86
45 years$18,953$11,158$6,292$3,433$1,830$71
46 years$18,331$10,644$5,910$3,171$1,662$60
47 years$17,738$10,158$5,552$2,930$1,509$50
48 years$17,171$9,697$5,217$2,707$1,370$41
49 years$16,629$9,260$4,904$2,502$1,245$35
50 years$16,110$8,846$4,610$2,313$1,130$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $16,500,000, adding $5,184 every year, while hoping to spend $25,795 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: 59/30/11 Blend
53$16,500,000$16,500,000$16,500,000$16,500,000
54$18,188,347$17,313,847$17,058,097$19,213,197
55$20,016,113$18,134,780$17,602,098$20,724,342
56$22,029,446$18,995,074$18,163,458$22,367,992
57$24,247,248$19,896,631$18,742,732$24,159,607
58$26,690,345$20,841,444$19,340,491$26,113,421
59$29,381,690$21,831,604$19,957,327$28,245,083
60$32,346,573$22,869,303$20,593,848$30,571,794
61$35,612,864$23,956,840$21,250,683$33,112,471
62$39,211,276$25,096,625$21,928,481$35,887,914
63$43,175,652$26,291,185$22,627,910$38,920,999
64$47,543,286$27,543,170$23,349,663$42,236,886
65$52,355,275$28,855,360$24,094,451$45,863,253
66$57,656,909$30,230,669$24,863,011$49,830,545
67$63,498,094$31,672,151$25,656,102$54,172,259
68$69,933,825$33,183,012$26,474,506$58,925,249
69$77,024,706$34,766,611$27,319,034$64,130,069
70$84,837,523$36,426,472$28,190,518$69,831,344
71$93,445,871$38,166,289$29,089,821$76,078,185
72$102,930,850$39,989,938$30,017,830$82,924,643
73$113,381,832$41,901,480$30,975,463$90,430,209
74$124,897,303$43,905,177$31,963,665$98,660,364
75$137,585,794$46,005,497$32,983,414$107,687,191
76$151,566,904$48,207,125$34,035,717$117,590,038
77$166,972,428$50,514,974$35,121,614$128,456,263
78$183,947,606$52,934,198$36,242,178$140,382,039
79$202,652,487$55,470,199$37,398,517$153,473,255
80$223,263,447$58,128,645$38,591,773$167,846,500
81$245,974,847$60,915,477$39,823,126$183,630,148
82$271,000,873$63,836,927$41,093,792$200,965,558
83$298,577,557$66,899,531$42,405,029$220,008,393
84$328,965,003$70,110,143$43,758,132$240,930,071
85$362,449,842$73,475,949$45,154,439$263,919,369
86$399,347,943$77,004,488$46,595,330$289,184,188
87$440,007,390$80,703,664$48,082,229$316,953,493
88$484,811,767$84,581,767$49,616,608$347,479,461
89$534,183,785$88,647,492$51,199,982$381,039,839
90$588,589,267$92,909,955$52,833,918$417,940,541
91$648,541,549$97,378,719$54,520,030$458,518,523
92$714,606,323$102,063,812$56,259,987$503,144,931
93$787,406,980$106,975,751$58,055,509$552,228,587
94$867,630,495$112,125,566$59,908,372$606,219,822
95$956,033,911$117,524,824$61,820,407$665,614,699
96$1,053,451,485$123,185,656$63,793,506$730,959,668
97$1,160,802,569$129,120,786$65,829,621$802,856,699
98$1,279,100,283$135,343,556$67,930,766$881,968,931
99$1,409,461,084$141,867,962$70,099,018$969,026,902
100$1,553,115,302$148,708,679$72,336,522$1,064,835,412