Can I retire at age 54 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,311,521
2 years$678,620$665,981$653,733$641,856$630,337$618,059
3 years$447,919$435,226$423,008$411,244$399,912$387,923
4 years$332,592$319,937$307,842$296,278$285,220$273,613
5 years$263,413$250,835$238,898$227,570$216,820$205,628
6 years$217,309$204,825$193,065$181,989$171,562$160,799
7 years$184,391$172,012$160,438$149,624$139,526$129,197
8 years$159,713$147,446$136,064$125,515$115,750$105,855
9 years$140,529$128,378$117,192$106,911$97,479$88,014
10 years$125,192$113,159$102,171$92,159$83,057$74,016
11 years$112,651$100,739$89,949$80,206$71,431$62,809
12 years$102,207$90,418$79,828$70,351$61,901$53,688
13 years$93,377$81,711$71,321$62,109$53,979$46,166
14 years$85,816$74,273$64,082$55,134$47,318$39,894
15 years$79,268$67,850$57,857$49,170$41,662$34,618
16 years$73,544$62,251$52,456$44,026$36,821$30,145
17 years$68,499$57,331$47,733$39,557$32,648$26,328
18 years$64,020$52,976$43,574$35,649$29,029$23,052
19 years$60,017$49,098$39,890$32,212$25,874$20,229
20 years$56,418$45,624$36,609$29,174$23,111$17,785
21 years$53,167$42,497$33,673$26,477$20,682$15,662
22 years$50,215$39,670$31,035$24,074$18,539$13,812
23 years$47,523$37,102$28,656$21,925$16,641$12,196
24 years$45,060$34,762$26,501$19,996$14,958$10,780
25 years$42,797$32,623$24,546$18,262$13,460$9,538
26 years$40,712$30,660$22,765$16,698$12,124$8,446
27 years$38,785$28,855$21,139$15,284$10,931$7,485
28 years$36,998$27,190$19,652$14,003$9,863$6,637
29 years$35,337$25,650$18,288$12,841$8,906$5,889
30 years$33,790$24,224$17,034$11,785$8,047$5,228
31 years$32,346$22,900$15,880$10,824$7,275$4,643
32 years$30,995$21,668$14,817$9,947$6,581$4,125
33 years$29,728$20,520$13,834$9,147$5,956$3,666
34 years$28,538$19,448$12,926$8,416$5,392$3,259
35 years$27,419$18,446$12,085$7,748$4,884$2,899
36 years$26,365$17,508$11,305$7,135$4,425$2,578
37 years$25,369$16,629$10,582$6,574$4,011$2,294
38 years$24,429$15,803$9,909$6,060$3,636$2,041
39 years$23,538$15,027$9,284$5,587$3,297$1,817
40 years$22,695$14,297$8,702$5,154$2,991$1,617
41 years$21,894$13,610$8,159$4,755$2,713$1,440
42 years$21,134$12,961$7,654$4,388$2,462$1,282
43 years$20,411$12,350$7,182$4,051$2,234$1,142
44 years$19,723$11,772$6,742$3,740$2,028$1,017
45 years$19,067$11,225$6,330$3,454$1,841$906
46 years$18,442$10,709$5,945$3,191$1,672$807
47 years$17,845$10,219$5,586$2,948$1,518$718
48 years$17,275$9,756$5,249$2,724$1,379$640
49 years$16,729$9,316$4,934$2,517$1,252$570
50 years$16,207$8,899$4,638$2,327$1,137$508

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $16,600,000, adding $5,828 every year, while hoping to spend $24,163 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: 53/39/8 Blend
53$16,600,000$16,600,000$16,600,000$16,600,000
54$18,299,212$17,419,412$17,162,112$19,232,800
55$20,140,022$18,247,254$17,711,333$20,694,438
56$22,167,785$19,114,850$18,278,144$22,280,641
57$24,401,545$20,024,123$18,863,107$24,005,712
58$26,862,286$20,977,089$19,466,805$25,882,779
59$29,573,134$21,975,861$20,089,838$27,926,265
60$32,559,572$23,022,657$20,732,826$30,152,010
61$35,849,681$24,119,800$21,396,408$32,577,420
62$39,474,406$25,269,727$22,081,245$35,221,620
63$43,467,846$26,474,995$22,788,018$38,105,628
64$47,867,580$27,738,282$23,517,429$41,252,546
65$52,715,015$29,062,401$24,270,206$44,687,770
66$58,055,785$30,450,296$25,047,096$48,439,219
67$63,940,174$31,905,060$25,848,872$52,537,591
68$70,423,596$33,429,932$26,676,334$57,016,643
69$77,567,115$35,028,311$27,530,303$61,913,497
70$85,438,022$36,703,760$28,411,630$67,268,985
71$94,110,473$38,460,016$29,321,192$73,128,019
72$103,666,183$40,300,999$30,259,894$79,540,005
73$114,195,204$42,230,818$31,228,670$86,559,296
74$125,796,770$44,253,783$32,228,486$94,245,693
75$138,580,235$46,374,414$33,260,335$102,664,999
76$152,666,109$48,597,449$34,325,245$111,889,621
77$168,187,187$50,927,860$35,424,277$121,999,243
78$185,289,814$53,370,858$36,558,524$133,081,559
79$204,135,256$55,931,911$37,729,115$145,233,090
80$224,901,228$58,616,751$38,937,216$158,560,074
81$247,783,571$61,431,389$40,184,031$173,179,452
82$272,998,099$64,382,131$41,470,800$189,219,954
83$300,782,638$67,475,589$42,798,804$206,823,298
84$331,399,270$70,718,695$44,169,367$226,145,500
85$365,136,808$74,118,724$45,583,853$247,358,332
86$402,313,521$77,683,300$47,043,671$270,650,921
87$443,280,141$81,420,422$48,550,275$296,231,506
88$488,423,171$85,338,479$50,105,165$324,329,384
89$538,168,537$89,446,267$51,709,890$355,197,049
90$592,985,605$93,753,011$53,366,049$389,112,546
91$653,391,616$98,268,389$55,075,291$426,382,069
92$719,956,568$103,002,546$56,839,320$467,342,823
93$793,308,593$107,966,126$58,659,892$512,366,175
94$874,139,893$113,170,289$60,538,822$561,861,129
95$963,213,270$118,626,742$62,477,981$616,278,151
96$1,061,369,333$124,347,761$64,479,302$676,113,389
97$1,169,534,425$130,346,222$66,544,780$741,913,316
98$1,288,729,378$136,635,628$68,676,471$814,279,853
99$1,420,079,142$143,230,142$70,876,501$893,876,009
100$1,564,823,413$150,144,618$73,147,062$981,432,100