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%11.7%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,322,181
2 years$682,708$669,993$657,671$645,723$634,134$624,554
3 years$450,618$437,848$425,556$413,721$402,321$392,958
4 years$334,595$321,865$309,696$298,063$286,938$277,865
5 years$265,000$252,346$240,337$228,941$218,126$209,369
6 years$218,618$206,059$194,228$183,086$172,596$164,166
7 years$185,501$173,048$161,404$150,525$140,367$132,268
8 years$160,675$148,334$136,884$126,272$116,448$108,680
9 years$141,376$129,152$117,898$107,555$98,066$90,627
10 years$125,946$113,841$102,786$92,714$83,557$76,444
11 years$113,329$101,346$90,491$80,689$71,862$65,069
12 years$102,823$90,963$80,309$70,775$62,274$55,795
13 years$93,940$82,204$71,750$62,484$54,304$48,132
14 years$86,333$74,721$64,468$55,466$47,603$41,731
15 years$79,745$68,259$58,206$49,466$41,913$36,333
16 years$73,987$62,626$52,772$44,291$37,043$31,746
17 years$68,912$57,676$48,021$39,795$32,845$27,823
18 years$64,405$53,296$43,837$35,864$29,204$24,448
19 years$60,378$49,394$40,130$32,406$26,030$21,531
20 years$56,758$45,899$36,830$29,350$23,251$18,999
21 years$53,487$42,753$33,876$26,637$20,807$16,793
22 years$50,517$39,909$31,222$24,219$18,650$14,865
23 years$47,810$37,326$28,828$22,057$16,742$13,175
24 years$45,332$34,972$26,661$20,117$15,048$11,691
25 years$43,055$32,819$24,694$18,372$13,541$10,384
26 years$40,957$30,845$22,902$16,798$12,197$9,231
27 years$39,018$29,029$21,267$15,376$10,997$8,213
28 years$37,221$27,353$19,770$14,088$9,922$7,312
29 years$35,550$25,805$18,398$12,919$8,960$6,514
30 years$33,994$24,370$17,137$11,856$8,096$5,806
31 years$32,541$23,038$15,976$10,889$7,319$5,178
32 years$31,182$21,798$14,906$10,007$6,621$4,619
33 years$29,907$20,643$13,918$9,202$5,992$4,122
34 years$28,710$19,565$13,004$8,467$5,425$3,680
35 years$27,584$18,557$12,158$7,794$4,914$3,287
36 years$26,523$17,614$11,373$7,178$4,452$2,936
37 years$25,522$16,729$10,645$6,614$4,035$2,623
38 years$24,576$15,898$9,969$6,096$3,658$2,344
39 years$23,680$15,118$9,340$5,621$3,317$2,095
40 years$22,832$14,383$8,754$5,185$3,009$1,873
41 years$22,026$13,692$8,209$4,783$2,730$1,675
42 years$21,262$13,039$7,700$4,415$2,477$1,498
43 years$20,534$12,424$7,225$4,075$2,248$1,339
44 years$19,842$11,843$6,782$3,763$2,040$1,198
45 years$19,182$11,293$6,368$3,475$1,852$1,072
46 years$18,553$10,773$5,981$3,210$1,682$959
47 years$17,953$10,281$5,619$2,966$1,527$858
48 years$17,379$9,814$5,281$2,740$1,387$767
49 years$16,830$9,372$4,963$2,533$1,260$687
50 years$16,305$8,953$4,666$2,341$1,144$615

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 $2,050 every year, while hoping to spend $21,243 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: 47/39/14 Blend
53$16,700,000$16,700,000$16,700,000$16,700,000
54$18,405,515$17,520,415$17,261,565$19,198,153
55$20,260,275$18,356,313$17,817,225$20,582,953
56$22,303,508$19,232,457$18,390,787$22,082,705
57$24,554,417$20,150,799$18,982,830$23,709,959
58$27,034,162$21,113,382$19,593,948$25,476,597
59$29,766,058$22,122,350$20,224,758$27,395,663
60$32,775,803$23,179,951$20,875,894$29,481,476
61$36,091,709$24,288,544$21,548,011$31,749,761
62$39,744,981$25,450,600$22,241,787$34,217,789
63$43,770,002$26,668,712$22,957,919$36,904,531
64$48,204,662$27,945,599$23,697,130$39,830,828
65$53,090,717$29,284,112$24,460,163$43,019,581
66$58,474,178$30,687,242$25,247,786$46,495,956
67$64,405,751$32,158,124$26,060,794$50,287,613
68$70,941,311$33,700,045$26,900,004$54,424,957
69$78,142,433$35,316,456$27,766,262$58,941,411
70$86,076,971$37,010,971$28,660,441$63,873,726
71$94,819,697$38,787,384$29,583,441$69,262,312
72$104,453,012$40,649,672$30,536,193$75,151,609
73$115,067,719$42,602,006$31,519,655$81,590,493
74$126,763,882$44,648,759$32,534,819$88,632,725
75$139,651,770$46,794,520$33,582,707$96,337,441
76$153,852,898$49,044,100$34,664,376$104,769,700
77$169,501,176$51,402,543$35,780,915$114,001,082
78$186,744,170$53,875,142$36,933,449$124,110,345
79$205,744,497$56,467,445$38,123,141$135,184,152
80$226,681,357$59,185,272$39,351,188$147,317,873
81$249,752,232$62,034,726$40,618,829$160,616,468
82$275,174,741$65,022,210$41,927,342$175,195,455
83$303,188,702$68,154,435$43,278,044$191,181,981
84$334,058,389$71,438,442$44,672,299$208,716,004
85$368,075,035$74,881,616$46,111,511$227,951,587
86$405,559,573$78,491,699$47,597,131$249,058,334
87$446,865,672$82,276,815$49,130,657$272,222,963
88$492,383,072$86,245,481$50,713,636$297,651,045
89$542,541,266$90,406,630$52,347,663$325,568,917
90$597,813,552$94,769,631$54,034,387$356,225,791
91$658,721,503$99,344,312$55,775,507$389,896,077
92$725,839,890$104,140,977$57,572,781$426,881,942
93$799,802,110$109,170,436$59,428,020$467,516,131
94$881,306,163$114,444,025$61,343,096$512,165,077
95$971,121,242$119,973,633$63,319,941$561,232,318
96$1,070,094,998$125,771,730$65,360,548$615,162,277
97$1,179,161,538$131,851,395$67,466,977$674,444,413
98$1,299,350,246$138,226,344$69,641,351$739,617,806
99$1,431,795,500$144,910,964$71,885,866$811,276,199
100$1,577,747,383$151,920,344$74,202,784$890,073,559