Can I retire at age 54 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,300,943
2 years$686,796$674,005$661,609$649,590$637,931$599,237
3 years$453,316$440,470$428,105$416,198$404,730$367,266
4 years$336,599$323,792$311,551$299,847$288,657$252,710
5 years$266,587$253,857$241,776$230,312$219,432$185,102
6 years$219,927$207,293$195,391$184,182$173,629$140,946
7 years$186,612$174,085$162,371$151,426$141,207$110,171
8 years$161,637$149,223$137,703$127,028$117,145$87,737
9 years$142,223$129,925$118,604$108,199$98,653$70,845
10 years$126,700$114,523$103,402$93,269$84,057$57,811
11 years$114,008$101,953$91,033$81,172$72,292$47,564
12 years$103,439$91,507$80,790$71,199$62,647$39,389
13 years$94,503$82,696$72,180$62,858$54,629$32,789
14 years$86,849$75,168$64,854$55,798$47,888$27,411
15 years$80,223$68,668$58,555$49,762$42,164$22,994
16 years$74,430$63,001$53,088$44,557$37,265$19,344
17 years$69,325$58,022$48,308$40,034$33,041$16,312
18 years$64,791$53,615$44,099$36,078$29,379$13,783
19 years$60,740$49,690$40,371$32,600$26,186$11,665
20 years$57,098$46,174$37,050$29,526$23,390$9,886
21 years$53,807$43,009$34,079$26,796$20,931$8,388
22 years$50,820$40,148$31,409$24,364$18,762$7,123
23 years$48,096$37,549$29,001$22,189$16,842$6,055
24 years$45,603$35,181$26,821$20,237$15,138$5,150
25 years$43,313$33,016$24,841$18,482$13,622$4,383
26 years$41,203$31,029$23,039$16,899$12,270$3,733
27 years$39,252$29,202$21,394$15,468$11,062$3,180
28 years$37,444$27,517$19,888$14,172$9,982$2,710
29 years$35,763$25,959$18,508$12,996$9,013$2,310
30 years$34,198$24,516$17,239$11,927$8,144$1,970
31 years$32,736$23,176$16,072$10,954$7,363$1,680
32 years$31,368$21,929$14,995$10,067$6,660$1,433
33 years$30,086$20,767$14,001$9,258$6,028$1,223
34 years$28,882$19,682$13,082$8,518$5,457$1,043
35 years$27,750$18,668$12,231$7,841$4,943$890
36 years$26,682$17,719$11,441$7,221$4,479$760
37 years$25,675$16,829$10,709$6,654$4,059$649
38 years$24,723$15,994$10,028$6,133$3,680$554
39 years$23,822$15,208$9,396$5,655$3,337$473
40 years$22,968$14,469$8,807$5,216$3,027$403
41 years$22,158$13,774$8,258$4,812$2,746$344
42 years$21,389$13,117$7,746$4,441$2,492$294
43 years$20,657$12,498$7,269$4,100$2,261$251
44 years$19,961$11,913$6,823$3,785$2,053$214
45 years$19,297$11,361$6,406$3,496$1,863$183
46 years$18,664$10,838$6,017$3,229$1,692$156
47 years$18,060$10,342$5,653$2,983$1,536$133
48 years$17,483$9,873$5,312$2,757$1,395$114
49 years$16,931$9,428$4,993$2,548$1,267$97
50 years$16,403$9,006$4,694$2,355$1,151$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $16,800,000, adding $4,303 every year, while hoping to spend $20,530 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: 30/41/29 Blend
53$16,800,000$16,800,000$16,800,000$16,800,000
54$18,518,039$17,627,639$17,367,239$18,908,488
55$20,385,035$18,469,549$17,927,197$20,057,230
56$22,441,776$19,352,025$18,505,227$21,290,019
57$24,707,596$20,277,033$19,101,910$22,615,813
58$27,203,797$21,246,634$19,717,850$24,042,724
59$29,953,856$22,262,990$20,353,669$25,579,628
60$32,983,641$23,328,369$21,010,010$27,236,246
61$36,321,661$24,445,147$21,687,534$29,023,223
62$39,999,330$25,615,819$22,386,926$30,952,223
63$44,051,267$26,842,999$23,108,893$33,036,027
64$48,515,619$28,129,430$23,854,164$35,288,645
65$53,434,426$29,477,985$24,623,492$37,725,437
66$58,854,013$30,891,682$25,417,654$40,363,248
67$64,825,429$32,373,681$26,237,453$43,220,556
68$71,404,932$33,927,301$27,083,716$46,317,634
69$78,654,514$35,556,018$27,957,300$49,676,729
70$86,642,492$37,263,480$28,859,087$53,322,260
71$95,444,148$39,053,512$29,789,988$57,281,033
72$105,142,442$40,930,125$30,750,943$61,582,483
73$115,828,796$42,897,527$31,742,926$66,258,934
74$127,603,957$44,960,128$32,766,937$71,345,891
75$140,578,943$47,122,557$33,824,012$76,882,356
76$154,876,098$49,389,666$34,915,219$82,911,185
77$170,630,244$51,766,543$36,041,662$89,479,468
78$187,989,951$54,258,525$37,204,480$96,638,960
79$207,118,943$56,871,211$38,404,848$104,446,548
80$228,197,645$59,610,470$39,643,980$112,964,769
81$251,424,880$62,482,458$40,923,129$122,262,377
82$277,019,752$65,493,633$42,243,588$132,414,972
83$305,223,712$68,650,766$43,606,692$143,505,691
84$336,302,835$71,960,958$45,013,822$155,625,967
85$370,550,338$75,431,658$46,466,398$168,876,366
86$408,289,341$79,070,678$47,965,891$183,367,512
87$449,875,923$82,886,211$49,513,818$199,221,104
88$495,702,480$86,886,848$51,111,743$216,571,032
89$546,201,431$91,081,601$52,761,285$235,564,615
90$601,849,300$95,479,923$54,464,111$256,363,956
91$663,171,214$100,091,724$56,221,944$279,147,443
92$730,745,862$104,927,403$58,036,563$304,111,394
93$805,210,956$109,997,862$59,909,804$331,471,877
94$887,269,254$115,314,538$61,843,563$361,466,711
95$977,695,192$120,889,424$63,839,796$394,357,669
96$1,077,342,196$126,735,101$65,900,524$430,432,911
97$1,187,150,741$132,864,762$68,027,833$470,009,656
98$1,308,157,226$139,292,244$70,223,875$513,437,136
99$1,441,503,762$146,032,063$72,490,873$561,099,840
100$1,588,448,950$153,099,439$74,831,123$613,421,098