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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,289,053
2 years$682,708$669,993$657,671$645,723$634,134$591,580
3 years$450,618$437,848$425,556$413,721$402,321$361,176
4 years$334,595$321,865$309,696$298,063$286,938$247,519
5 years$265,000$252,346$240,337$228,941$218,126$180,537
6 years$218,618$206,059$194,228$183,086$172,596$136,868
7 years$185,501$173,048$161,404$150,525$140,367$106,498
8 years$160,675$148,334$136,884$126,272$116,448$84,414
9 years$141,376$129,152$117,898$107,555$98,066$67,830
10 years$125,946$113,841$102,786$92,714$83,557$55,074
11 years$113,329$101,346$90,491$80,689$71,862$45,079
12 years$102,823$90,963$80,309$70,775$62,274$37,133
13 years$93,940$82,204$71,750$62,484$54,304$30,744
14 years$86,333$74,721$64,468$55,466$47,603$25,560
15 years$79,745$68,259$58,206$49,466$41,913$21,321
16 years$73,987$62,626$52,772$44,291$37,043$17,833
17 years$68,912$57,676$48,021$39,795$32,845$14,950
18 years$64,405$53,296$43,837$35,864$29,204$12,557
19 years$60,378$49,394$40,130$32,406$26,030$10,563
20 years$56,758$45,899$36,830$29,350$23,251$8,898
21 years$53,487$42,753$33,876$26,637$20,807$7,503
22 years$50,517$39,909$31,222$24,219$18,650$6,333
23 years$47,810$37,326$28,828$22,057$16,742$5,349
24 years$45,332$34,972$26,661$20,117$15,048$4,521
25 years$43,055$32,819$24,694$18,372$13,541$3,823
26 years$40,957$30,845$22,902$16,798$12,197$3,235
27 years$39,018$29,029$21,267$15,376$10,997$2,738
28 years$37,221$27,353$19,770$14,088$9,922$2,318
29 years$35,550$25,805$18,398$12,919$8,960$1,963
30 years$33,994$24,370$17,137$11,856$8,096$1,663
31 years$32,541$23,038$15,976$10,889$7,319$1,409
32 years$31,182$21,798$14,906$10,007$6,621$1,194
33 years$29,907$20,643$13,918$9,202$5,992$1,012
34 years$28,710$19,565$13,004$8,467$5,425$858
35 years$27,584$18,557$12,158$7,794$4,914$727
36 years$26,523$17,614$11,373$7,178$4,452$616
37 years$25,522$16,729$10,645$6,614$4,035$523
38 years$24,576$15,898$9,969$6,096$3,658$443
39 years$23,680$15,118$9,340$5,621$3,317$376
40 years$22,832$14,383$8,754$5,185$3,009$319
41 years$22,026$13,692$8,209$4,783$2,730$270
42 years$21,262$13,039$7,700$4,415$2,477$229
43 years$20,534$12,424$7,225$4,075$2,248$194
44 years$19,842$11,843$6,782$3,763$2,040$165
45 years$19,182$11,293$6,368$3,475$1,852$140
46 years$18,553$10,773$5,981$3,210$1,682$118
47 years$17,953$10,281$5,619$2,966$1,527$100
48 years$17,379$9,814$5,281$2,740$1,387$85
49 years$16,830$9,372$4,963$2,533$1,260$72
50 years$16,305$8,953$4,666$2,341$1,144$61

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 $5,586 every year, while hoping to spend $21,408 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: 69/17/14 Blend
53$16,700,000$16,700,000$16,700,000$16,700,000
54$18,409,162$17,524,062$17,265,212$19,620,648
55$20,264,119$18,359,963$17,820,819$21,262,957
56$22,307,563$19,236,106$18,394,321$23,056,033
57$24,558,699$20,154,439$18,986,295$25,017,233
58$27,038,687$21,117,008$19,597,337$27,163,097
59$29,770,847$22,125,955$20,228,061$29,511,827
60$32,780,875$23,183,528$20,879,102$32,083,456
61$36,097,087$24,292,084$21,551,116$34,900,030
62$39,750,689$25,454,096$22,244,777$37,985,815
63$43,776,067$26,672,154$22,960,785$41,367,522
64$48,211,114$27,948,978$23,699,859$45,074,552
65$53,097,588$29,287,417$24,462,744$49,139,274
66$58,481,503$30,690,462$25,250,207$53,597,320
67$64,413,568$32,161,246$26,063,041$58,487,922
68$70,949,663$33,703,058$26,902,064$63,854,274
69$78,151,366$35,319,345$27,768,121$69,743,936
70$86,086,535$37,013,723$28,662,082$76,209,278
71$94,829,948$38,789,982$29,584,849$83,307,966
72$104,464,012$40,652,100$30,537,350$91,103,502
73$115,079,534$42,604,246$31,520,544$99,665,818
74$126,776,585$44,650,793$32,535,421$109,071,930
75$139,665,442$46,796,327$33,583,003$119,406,655
76$153,867,629$49,045,659$34,664,345$130,763,408
77$169,517,062$51,403,831$35,780,536$143,245,073
78$186,761,318$53,876,134$36,932,700$156,964,971
79$205,763,024$56,468,116$38,121,996$172,047,918
80$226,701,393$59,185,595$39,349,624$188,631,395
81$249,773,919$62,034,672$40,616,820$206,866,838
82$275,198,234$65,021,747$41,924,859$226,921,058
83$303,214,173$68,153,531$43,275,060$248,977,807
84$334,086,027$71,437,063$44,668,783$273,239,500
85$368,105,046$74,879,724$46,107,432$299,929,117
86$405,592,186$78,489,255$47,592,457$329,292,297
87$446,901,138$82,273,778$49,125,353$361,599,642
88$492,421,667$86,241,806$50,707,665$397,149,267
89$542,583,294$90,402,271$52,340,989$436,269,593
90$597,859,347$94,764,539$54,026,969$479,322,437
91$658,771,432$99,338,434$55,767,304$526,706,418
92$725,894,360$104,134,258$57,563,750$578,860,699
93$799,861,565$109,162,818$59,418,116$636,269,122
94$881,371,094$114,435,445$61,332,272$699,464,759
95$971,192,189$119,964,025$63,308,147$769,034,925
96$1,070,172,555$125,761,026$65,347,734$845,626,710
97$1,179,246,360$131,839,520$67,453,087$929,953,065
98$1,299,443,054$138,213,221$69,626,330$1,022,799,515
99$1,431,897,087$144,896,511$71,869,654$1,125,031,558
100$1,577,858,623$151,904,474$74,185,321$1,237,602,809