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%19%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,283,411
2 years$682,708$669,993$657,671$645,723$634,134$586,033
3 years$450,618$437,848$425,556$413,721$402,321$355,900
4 years$334,595$321,865$309,696$298,063$286,938$242,553
5 years$265,000$252,346$240,337$228,941$218,126$175,892
6 years$218,618$206,059$194,228$183,086$172,596$132,543
7 years$185,501$173,048$161,404$150,525$140,367$102,487
8 years$160,675$148,334$136,884$126,272$116,448$80,707
9 years$141,376$129,152$117,898$107,555$98,066$64,417
10 years$125,946$113,841$102,786$92,714$83,557$51,941
11 years$113,329$101,346$90,491$80,689$71,862$42,213
12 years$102,823$90,963$80,309$70,775$62,274$34,519
13 years$93,940$82,204$71,750$62,484$54,304$28,366
14 years$86,333$74,721$64,468$55,466$47,603$23,402
15 years$79,745$68,259$58,206$49,466$41,913$19,369
16 years$73,987$62,626$52,772$44,291$37,043$16,073
17 years$68,912$57,676$48,021$39,795$32,845$13,366
18 years$64,405$53,296$43,837$35,864$29,204$11,134
19 years$60,378$49,394$40,130$32,406$26,030$9,289
20 years$56,758$45,899$36,830$29,350$23,251$7,759
21 years$53,487$42,753$33,876$26,637$20,807$6,487
22 years$50,517$39,909$31,222$24,219$18,650$5,428
23 years$47,810$37,326$28,828$22,057$16,742$4,545
24 years$45,332$34,972$26,661$20,117$15,048$3,808
25 years$43,055$32,819$24,694$18,372$13,541$3,192
26 years$40,957$30,845$22,902$16,798$12,197$2,677
27 years$39,018$29,029$21,267$15,376$10,997$2,246
28 years$37,221$27,353$19,770$14,088$9,922$1,884
29 years$35,550$25,805$18,398$12,919$8,960$1,581
30 years$33,994$24,370$17,137$11,856$8,096$1,328
31 years$32,541$23,038$15,976$10,889$7,319$1,115
32 years$31,182$21,798$14,906$10,007$6,621$936
33 years$29,907$20,643$13,918$9,202$5,992$786
34 years$28,710$19,565$13,004$8,467$5,425$660
35 years$27,584$18,557$12,158$7,794$4,914$555
36 years$26,523$17,614$11,373$7,178$4,452$466
37 years$25,522$16,729$10,645$6,614$4,035$391
38 years$24,576$15,898$9,969$6,096$3,658$329
39 years$23,680$15,118$9,340$5,621$3,317$276
40 years$22,832$14,383$8,754$5,185$3,009$232
41 years$22,026$13,692$8,209$4,783$2,730$195
42 years$21,262$13,039$7,700$4,415$2,477$164
43 years$20,534$12,424$7,225$4,075$2,248$138
44 years$19,842$11,843$6,782$3,763$2,040$116
45 years$19,182$11,293$6,368$3,475$1,852$97
46 years$18,553$10,773$5,981$3,210$1,682$82
47 years$17,953$10,281$5,619$2,966$1,527$69
48 years$17,379$9,814$5,281$2,740$1,387$58
49 years$16,830$9,372$4,963$2,533$1,260$48
50 years$16,305$8,953$4,666$2,341$1,144$41

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 $5,384 every year, while hoping to spend $33,890 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: 41/29/30 Blend
53$16,700,000$16,700,000$16,700,000$16,700,000
54$18,408,954$17,523,854$17,265,004$19,001,112
55$20,250,608$18,346,464$17,807,323$20,254,351
56$22,278,976$19,208,246$18,366,673$21,606,472
57$24,513,065$20,111,084$18,943,591$23,069,481
58$26,973,823$21,056,952$19,538,626$24,653,614
59$29,684,332$22,047,922$20,152,349$26,370,106
60$32,670,026$23,086,162$20,785,345$28,231,292
61$35,958,935$24,173,951$21,438,221$30,250,714
62$39,581,945$25,313,673$22,111,600$32,443,249
63$43,573,090$26,507,830$22,806,125$34,825,233
64$47,969,877$27,759,045$23,522,462$37,414,618
65$52,813,634$29,070,068$24,261,294$40,231,125
66$58,149,906$30,443,782$25,023,328$43,296,428
67$64,028,879$31,883,210$25,809,293$46,634,348
68$70,505,860$33,391,523$26,619,940$50,271,071
69$77,641,793$34,972,043$27,456,043$54,235,385
70$85,503,838$36,628,255$28,318,402$58,558,940
71$94,166,003$38,363,813$29,207,842$63,276,544
72$103,709,843$40,182,547$30,125,212$68,426,473
73$114,225,230$42,088,475$31,071,390$74,050,827
74$125,811,202$44,085,809$32,047,280$80,195,916
75$138,576,895$46,178,964$33,053,814$86,912,681
76$152,642,577$48,372,572$34,091,956$94,257,170
77$168,140,780$50,671,488$35,162,696$102,291,049
78$185,217,552$53,080,804$36,267,059$111,082,170
79$204,033,837$55,605,858$37,406,101$120,705,204
80$224,766,992$58,252,249$38,580,909$131,242,324
81$247,612,463$61,025,846$39,792,607$142,783,970
82$272,785,628$63,932,806$41,042,352$155,429,688
83$300,523,831$66,979,583$42,331,341$169,289,047
84$331,088,624$70,172,945$43,660,803$184,482,663
85$364,768,234$73,519,990$45,032,010$201,143,316
86$401,880,284$77,028,159$46,446,273$219,417,185
87$442,774,793$80,705,259$47,904,943$239,465,209
88$487,837,477$84,559,472$49,409,413$261,464,585
89$537,493,394$88,599,380$50,961,123$285,610,419
90$592,210,954$92,833,984$52,561,555$312,117,545
91$652,506,342$97,272,720$54,212,238$341,222,531
92$718,948,391$101,925,485$55,914,749$373,185,888
93$792,163,950$106,802,657$57,670,717$408,294,501
94$872,843,806$111,915,119$59,481,818$446,864,311
95$961,749,199$117,274,285$61,349,784$489,243,272
96$1,059,719,015$122,892,123$63,276,400$535,814,604
97$1,167,677,701$128,781,184$65,263,506$587,000,379
98$1,286,643,995$134,954,630$67,313,001$643,265,476
99$1,417,740,541$141,426,265$69,426,845$705,121,935
100$1,562,204,488$148,210,564$71,607,056$773,133,756