Can I retire at age 54 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,324,399
2 years$682,708$669,993$657,671$645,723$634,134$626,786
3 years$450,618$437,848$425,556$413,721$402,321$395,134
4 years$334,595$321,865$309,696$298,063$286,938$279,969
5 years$265,000$252,346$240,337$228,941$218,126$211,394
6 years$218,618$206,059$194,228$183,086$172,596$166,110
7 years$185,501$173,048$161,404$150,525$140,367$134,130
8 years$160,675$148,334$136,884$126,272$116,448$110,461
9 years$141,376$129,152$117,898$107,555$98,066$92,328
10 years$125,946$113,841$102,786$92,714$83,557$78,064
11 years$113,329$101,346$90,491$80,689$71,862$66,611
12 years$102,823$90,963$80,309$70,775$62,274$57,261
13 years$93,940$82,204$71,750$62,484$54,304$49,523
14 years$86,333$74,721$64,468$55,466$47,603$43,049
15 years$79,745$68,259$58,206$49,466$41,913$37,581
16 years$73,987$62,626$52,772$44,291$37,043$32,926
17 years$68,912$57,676$48,021$39,795$32,845$28,937
18 years$64,405$53,296$43,837$35,864$29,204$25,498
19 years$60,378$49,394$40,130$32,406$26,030$22,520
20 years$56,758$45,899$36,830$29,350$23,251$19,929
21 years$53,487$42,753$33,876$26,637$20,807$17,667
22 years$50,517$39,909$31,222$24,219$18,650$15,685
23 years$47,810$37,326$28,828$22,057$16,742$13,944
24 years$45,332$34,972$26,661$20,117$15,048$12,411
25 years$43,055$32,819$24,694$18,372$13,541$11,058
26 years$40,957$30,845$22,902$16,798$12,197$9,861
27 years$39,018$29,029$21,267$15,376$10,997$8,801
28 years$37,221$27,353$19,770$14,088$9,922$7,861
29 years$35,550$25,805$18,398$12,919$8,960$7,025
30 years$33,994$24,370$17,137$11,856$8,096$6,282
31 years$32,541$23,038$15,976$10,889$7,319$5,620
32 years$31,182$21,798$14,906$10,007$6,621$5,030
33 years$29,907$20,643$13,918$9,202$5,992$4,504
34 years$28,710$19,565$13,004$8,467$5,425$4,035
35 years$27,584$18,557$12,158$7,794$4,914$3,615
36 years$26,523$17,614$11,373$7,178$4,452$3,240
37 years$25,522$16,729$10,645$6,614$4,035$2,905
38 years$24,576$15,898$9,969$6,096$3,658$2,605
39 years$23,680$15,118$9,340$5,621$3,317$2,336
40 years$22,832$14,383$8,754$5,185$3,009$2,096
41 years$22,026$13,692$8,209$4,783$2,730$1,880
42 years$21,262$13,039$7,700$4,415$2,477$1,687
43 years$20,534$12,424$7,225$4,075$2,248$1,514
44 years$19,842$11,843$6,782$3,763$2,040$1,359
45 years$19,182$11,293$6,368$3,475$1,852$1,220
46 years$18,553$10,773$5,981$3,210$1,682$1,095
47 years$17,953$10,281$5,619$2,966$1,527$983
48 years$17,379$9,814$5,281$2,740$1,387$883
49 years$16,830$9,372$4,963$2,533$1,260$793
50 years$16,305$8,953$4,666$2,341$1,144$712

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $16,700,000, adding $5,437 every year, while hoping to spend $54,002 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: 68/27/5 Blend
53$16,700,000$16,700,000$16,700,000$16,700,000
54$18,409,008$17,523,908$17,265,058$19,649,970
55$20,229,269$18,325,122$17,785,980$21,273,162
56$22,233,387$19,163,785$18,322,543$23,040,382
57$24,440,058$20,041,676$18,875,213$24,971,334
58$26,869,884$20,960,658$19,444,473$27,082,010
59$29,545,565$21,922,684$20,030,816$29,390,000
60$32,492,117$22,929,800$20,634,752$31,914,655
61$35,737,104$23,984,151$21,256,808$34,677,265
62$39,310,899$25,087,985$21,897,521$37,701,256
63$43,246,973$26,243,658$22,557,450$41,012,404
64$47,582,207$27,453,640$23,237,167$44,639,078
65$52,357,242$28,720,518$23,937,262$48,612,495
66$57,616,862$30,047,005$24,658,342$52,967,015
67$63,410,418$31,435,944$25,401,032$57,740,456
68$69,792,290$32,890,315$26,165,977$62,974,447
69$76,822,405$34,413,242$26,953,838$68,714,814
70$84,566,798$36,007,998$27,765,299$75,012,002
71$93,098,236$37,678,015$28,601,062$81,921,551
72$102,496,909$39,426,890$29,461,850$89,504,605
73$112,851,179$41,258,393$30,348,408$97,828,490
74$124,258,422$43,176,478$31,261,502$106,967,331
75$136,825,942$45,185,285$32,201,923$117,002,753
76$150,671,983$47,289,159$33,170,482$128,024,636
77$165,926,848$49,492,651$34,168,016$140,131,958
78$182,734,129$51,800,533$35,195,387$153,433,714
79$201,252,059$54,217,808$36,253,482$168,049,944
80$221,655,008$56,749,720$37,343,212$184,112,844
81$244,135,128$59,401,765$38,465,519$201,768,011
82$268,904,166$62,179,707$39,621,369$221,175,804
83$296,195,465$65,089,586$40,811,759$242,512,843
84$326,266,163$68,137,736$42,037,713$265,973,663
85$359,399,623$71,330,797$43,300,288$291,772,542
86$395,908,107$74,675,728$44,600,570$320,145,503
87$436,135,722$78,179,828$45,939,678$351,352,532
88$480,461,671$81,850,745$47,318,762$385,680,015
89$529,303,831$85,696,500$48,739,010$423,443,425
90$583,122,695$89,725,503$50,201,641$464,990,283
91$642,425,725$93,946,567$51,707,910$510,703,421
92$707,772,136$98,368,936$53,259,112$561,004,579
93$779,778,179$103,002,299$54,856,577$616,358,364
94$859,122,956$107,856,815$56,501,676$677,276,618
95$946,554,835$112,943,135$58,195,819$744,323,225
96$1,042,898,507$118,272,428$59,940,458$818,119,416
97$1,149,062,778$123,856,401$61,737,087$899,349,607
98$1,266,049,147$129,707,330$63,587,245$988,767,839
99$1,394,961,257$135,838,086$65,492,515$1,087,204,866
100$1,537,015,319$142,262,166$67,454,527$1,195,575,973