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%15.1%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,295,921
2 years$678,620$665,981$653,733$641,856$630,337$602,474
3 years$447,919$435,226$423,008$411,244$399,912$372,841
4 years$332,592$319,937$307,842$296,278$285,220$259,151
5 years$263,413$250,835$238,898$227,570$216,820$191,825
6 years$217,309$204,825$193,065$181,989$171,562$147,669
7 years$184,391$172,012$160,438$149,624$139,526$116,739
8 years$159,713$147,446$136,064$125,515$115,750$94,062
9 years$140,529$128,378$117,192$106,911$97,479$76,874
10 years$125,192$113,159$102,171$92,159$83,057$63,516
11 years$112,651$100,739$89,949$80,206$71,431$52,929
12 years$102,207$90,418$79,828$70,351$61,901$44,410
13 years$93,377$81,711$71,321$62,109$53,979$37,468
14 years$85,816$74,273$64,082$55,134$47,318$31,755
15 years$79,268$67,850$57,857$49,170$41,662$27,014
16 years$73,544$62,251$52,456$44,026$36,821$23,052
17 years$68,499$57,331$47,733$39,557$32,648$19,723
18 years$64,020$52,976$43,574$35,649$29,029$16,912
19 years$60,017$49,098$39,890$32,212$25,874$14,529
20 years$56,418$45,624$36,609$29,174$23,111$12,501
21 years$53,167$42,497$33,673$26,477$20,682$10,771
22 years$50,215$39,670$31,035$24,074$18,539$9,291
23 years$47,523$37,102$28,656$21,925$16,641$8,022
24 years$45,060$34,762$26,501$19,996$14,958$6,932
25 years$42,797$32,623$24,546$18,262$13,460$5,995
26 years$40,712$30,660$22,765$16,698$12,124$5,188
27 years$38,785$28,855$21,139$15,284$10,931$4,491
28 years$36,998$27,190$19,652$14,003$9,863$3,890
29 years$35,337$25,650$18,288$12,841$8,906$3,371
30 years$33,790$24,224$17,034$11,785$8,047$2,922
31 years$32,346$22,900$15,880$10,824$7,275$2,534
32 years$30,995$21,668$14,817$9,947$6,581$2,198
33 years$29,728$20,520$13,834$9,147$5,956$1,907
34 years$28,538$19,448$12,926$8,416$5,392$1,654
35 years$27,419$18,446$12,085$7,748$4,884$1,436
36 years$26,365$17,508$11,305$7,135$4,425$1,246
37 years$25,369$16,629$10,582$6,574$4,011$1,082
38 years$24,429$15,803$9,909$6,060$3,636$939
39 years$23,538$15,027$9,284$5,587$3,297$816
40 years$22,695$14,297$8,702$5,154$2,991$708
41 years$21,894$13,610$8,159$4,755$2,713$615
42 years$21,134$12,961$7,654$4,388$2,462$534
43 years$20,411$12,350$7,182$4,051$2,234$464
44 years$19,723$11,772$6,742$3,740$2,028$403
45 years$19,067$11,225$6,330$3,454$1,841$350
46 years$18,442$10,709$5,945$3,191$1,672$304
47 years$17,845$10,219$5,586$2,948$1,518$264
48 years$17,275$9,756$5,249$2,724$1,379$229
49 years$16,729$9,316$4,934$2,517$1,252$199
50 years$16,207$8,899$4,638$2,327$1,137$173

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 $4,379 every year, while hoping to spend $24,243 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: 71/23/6 Blend
53$16,600,000$16,600,000$16,600,000$16,600,000
54$18,297,717$17,417,917$17,160,617$19,582,663
55$20,138,290$18,245,601$17,709,703$21,259,106
56$22,165,788$19,113,028$18,276,371$23,089,954
57$24,399,254$20,022,121$18,861,185$25,093,135
58$26,859,668$20,974,896$19,464,725$27,285,588
59$29,570,153$21,973,464$20,087,592$29,685,951
60$32,556,188$23,020,043$20,730,405$32,314,732
61$35,845,849$24,116,955$21,393,804$35,194,499
62$39,470,077$25,266,637$22,078,448$38,350,090
63$43,462,966$26,471,645$22,785,018$41,808,840
64$47,862,089$27,734,656$23,514,216$45,600,835
65$52,708,849$29,058,480$24,266,769$49,759,194
66$58,048,870$30,446,064$25,043,424$54,320,371
67$63,932,430$31,900,497$25,844,954$59,324,498
68$70,414,935$33,425,018$26,672,157$64,815,756
69$77,557,439$35,023,024$27,525,855$70,842,787
70$85,427,224$36,698,079$28,406,897$77,459,146
71$94,098,433$38,453,917$29,316,161$84,723,799
72$103,652,771$40,294,457$30,254,550$92,701,675
73$114,180,275$42,223,807$31,222,999$101,464,270
74$125,780,165$44,246,275$32,222,471$111,090,315
75$138,561,778$46,366,379$33,253,960$121,666,511
76$152,645,605$48,588,857$34,318,494$133,288,338
77$168,164,424$50,918,679$35,417,130$146,060,948
78$185,264,556$53,361,054$36,550,964$160,100,152
79$204,107,242$55,921,447$37,721,123$175,533,496
80$224,870,172$58,605,589$38,928,772$192,501,463
81$247,749,156$61,419,490$40,175,113$211,158,785
82$272,959,977$64,369,452$41,461,386$231,675,891
83$300,740,425$67,462,085$42,788,873$254,240,507
84$331,352,542$70,704,321$44,158,894$279,059,415
85$365,085,098$74,103,429$45,572,813$306,360,392
86$402,256,314$77,667,034$47,032,038$336,394,349
87$443,216,869$81,403,129$48,538,023$369,437,682
88$488,353,209$85,320,102$50,092,266$405,794,872
89$538,091,194$89,426,745$51,696,314$445,801,336
90$592,900,121$93,732,281$53,351,766$489,826,589
91$653,297,153$98,246,382$55,060,270$538,277,702
92$719,852,201$102,979,193$56,823,528$591,603,140
93$793,193,304$107,941,352$58,643,294$650,296,969
94$874,012,559$113,144,016$60,521,383$714,903,504
95$963,072,655$118,598,888$62,459,664$786,022,427
96$1,061,214,071$124,318,238$64,460,068$864,314,428
97$1,169,363,014$130,314,939$66,524,587$950,507,416
98$1,288,540,159$136,602,490$68,655,279$1,045,403,376
99$1,419,870,290$143,195,046$70,854,266$1,149,885,907
100$1,564,592,915$150,107,458$73,123,738$1,264,928,543