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%16.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,281,845
2 years$674,532$661,969$649,794$637,990$626,540$592,624
3 years$445,221$432,604$420,460$408,766$397,502$364,620
4 years$330,588$318,010$305,987$294,493$283,502$251,905
5 years$261,826$249,324$237,459$226,199$215,514$185,290
6 years$216,000$203,592$191,902$180,893$170,529$141,708
7 years$183,280$170,976$159,471$148,722$138,686$111,270
8 years$158,751$146,558$135,244$124,759$115,053$89,030
9 years$139,683$127,605$116,486$106,267$96,891$72,238
10 years$124,437$112,478$101,555$91,603$82,556$59,243
11 years$111,972$100,132$89,407$79,722$71,001$48,993
12 years$101,592$89,873$79,347$69,927$61,528$40,786
13 years$92,815$81,219$70,891$61,735$53,654$34,136
14 years$85,299$73,826$63,696$54,802$47,032$28,694
15 years$78,790$67,441$57,509$48,873$41,411$24,207
16 years$73,101$61,876$52,140$43,761$36,599$20,481
17 years$68,087$56,986$47,446$39,319$32,451$17,372
18 years$63,634$52,657$43,312$35,434$28,854$14,765
19 years$59,655$48,802$39,650$32,018$25,718$12,571
20 years$56,078$45,349$36,389$28,998$22,972$10,719
21 years$52,846$42,241$33,470$26,318$20,558$9,151
22 years$49,912$39,431$30,848$23,929$18,427$7,820
23 years$47,237$36,879$28,483$21,793$16,541$6,689
24 years$44,789$34,553$26,342$19,876$14,867$5,726
25 years$42,540$32,426$24,398$18,152$13,378$4,905
26 years$40,467$30,475$22,628$16,597$12,051$4,203
27 years$38,551$28,681$21,012$15,192$10,865$3,604
28 years$36,775$27,026$19,533$13,919$9,804$3,092
29 years$35,124$25,496$18,177$12,764$8,852$2,653
30 years$33,587$24,078$16,932$11,714$7,999$2,277
31 years$32,151$22,762$15,785$10,759$7,232$1,955
32 years$30,808$21,537$14,727$9,887$6,541$1,679
33 years$29,549$20,396$13,751$9,092$5,920$1,442
34 years$28,367$19,331$12,848$8,366$5,360$1,238
35 years$27,254$18,335$12,012$7,701$4,855$1,064
36 years$26,206$17,403$11,237$7,092$4,399$914
37 years$25,216$16,529$10,518$6,535$3,987$786
38 years$24,281$15,708$9,849$6,023$3,614$675
39 years$23,397$14,937$9,228$5,554$3,277$580
40 years$22,558$14,211$8,649$5,123$2,973$499
41 years$21,763$13,528$8,110$4,726$2,697$429
42 years$21,007$12,883$7,608$4,362$2,447$369
43 years$20,288$12,275$7,139$4,026$2,221$317
44 years$19,604$11,701$6,701$3,718$2,016$272
45 years$18,953$11,158$6,292$3,433$1,830$234
46 years$18,331$10,644$5,910$3,171$1,662$201
47 years$17,738$10,158$5,552$2,930$1,509$173
48 years$17,171$9,697$5,217$2,707$1,370$149
49 years$16,629$9,260$4,904$2,502$1,245$128
50 years$16,110$8,846$4,610$2,313$1,130$110

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 $6,235 every year, while hoping to spend $49,781 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: 70/13/17 Blend
53$16,500,000$16,500,000$16,500,000$16,500,000
54$18,189,431$17,314,931$17,059,181$19,389,241
55$19,991,787$18,110,396$17,577,697$20,984,114
56$21,976,314$18,943,171$18,111,915$22,722,542
57$24,161,542$19,815,030$18,662,308$24,623,967
58$26,567,888$20,727,835$19,229,364$26,704,479
59$29,217,850$21,683,537$19,813,586$28,981,786
60$32,136,220$22,684,179$20,415,490$31,475,383
61$35,350,315$23,731,904$21,035,609$34,206,729
62$38,890,237$24,828,958$21,674,493$37,199,447
63$42,789,159$25,977,695$22,332,706$40,479,546
64$47,083,633$27,180,582$23,010,831$44,075,663
65$51,813,938$28,440,204$23,709,468$48,019,325
66$57,024,458$29,759,273$24,429,234$52,345,251
67$62,764,105$31,140,629$25,170,765$57,091,670
68$69,086,775$32,587,251$25,934,717$62,300,678
69$76,051,860$34,102,261$26,721,764$68,018,635
70$83,724,808$35,688,930$27,532,602$74,296,597
71$92,177,741$37,350,690$28,367,946$81,190,790
72$101,490,132$39,091,135$29,228,534$88,763,143
73$111,749,560$40,914,035$30,115,124$97,081,860
74$123,052,534$42,823,342$31,028,500$106,222,065
75$135,505,403$44,823,197$31,969,466$116,266,503
76$149,225,363$46,917,942$32,938,852$127,306,316
77$164,341,559$49,112,130$33,937,512$139,441,897
78$180,996,306$51,410,532$34,966,326$152,783,835
79$199,346,432$53,818,151$36,026,201$167,453,948
80$219,564,759$56,340,231$37,118,069$183,586,431
81$241,841,732$58,982,270$38,242,893$201,329,111
82$266,387,220$61,750,033$39,401,661$220,844,842
83$293,432,493$64,649,561$40,595,393$242,313,028
84$323,232,407$67,687,190$41,825,139$265,931,316
85$356,067,812$70,869,561$43,091,980$291,917,447
86$392,248,197$74,203,638$44,397,030$320,511,308
87$432,114,618$77,696,721$45,741,435$351,977,187
88$476,042,913$81,356,464$47,126,377$386,606,255
89$524,447,251$85,190,891$48,553,071$424,719,313
90$577,784,042$89,208,417$50,022,770$466,669,802
91$636,556,245$93,417,860$51,536,765$512,847,135
92$701,318,118$97,828,471$53,096,382$563,680,361
93$772,680,445$102,449,945$54,702,990$619,642,202
94$851,316,308$107,292,450$56,357,998$681,253,509
95$937,967,437$112,366,645$58,062,856$749,088,159
96$1,033,451,211$117,683,707$59,819,058$823,778,468
97$1,138,668,381$123,255,355$61,628,142$906,021,141
98$1,254,611,563$129,093,875$63,491,692$996,583,840
99$1,382,374,620$135,212,151$65,411,341$1,096,312,412
100$1,523,162,977$141,623,693$67,388,766$1,206,138,862