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

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,331,771
2 years$686,796$674,005$661,609$649,590$637,931$629,977
3 years$453,316$440,470$428,105$416,198$404,730$396,952
4 years$336,599$323,792$311,551$299,847$288,657$281,115
5 years$266,587$253,857$241,776$230,312$219,432$212,149
6 years$219,927$207,293$195,391$184,182$173,629$166,614
7 years$186,612$174,085$162,371$151,426$141,207$134,463
8 years$161,637$149,223$137,703$127,028$117,145$110,672
9 years$142,223$129,925$118,604$108,199$98,653$92,450
10 years$126,700$114,523$103,402$93,269$84,057$78,121
11 years$114,008$101,953$91,033$81,172$72,292$66,619
12 years$103,439$91,507$80,790$71,199$62,647$57,231
13 years$94,503$82,696$72,180$62,858$54,629$49,467
14 years$86,849$75,168$64,854$55,798$47,888$42,972
15 years$80,223$68,668$58,555$49,762$42,164$37,488
16 years$74,430$63,001$53,088$44,557$37,265$32,823
17 years$69,325$58,022$48,308$40,034$33,041$28,826
18 years$64,791$53,615$44,099$36,078$29,379$25,383
19 years$60,740$49,690$40,371$32,600$26,186$22,402
20 years$57,098$46,174$37,050$29,526$23,390$19,811
21 years$53,807$43,009$34,079$26,796$20,931$17,549
22 years$50,820$40,148$31,409$24,364$18,762$15,569
23 years$48,096$37,549$29,001$22,189$16,842$13,831
24 years$45,603$35,181$26,821$20,237$15,138$12,301
25 years$43,313$33,016$24,841$18,482$13,622$10,951
26 years$41,203$31,029$23,039$16,899$12,270$9,758
27 years$39,252$29,202$21,394$15,468$11,062$8,702
28 years$37,444$27,517$19,888$14,172$9,982$7,766
29 years$35,763$25,959$18,508$12,996$9,013$6,935
30 years$34,198$24,516$17,239$11,927$8,144$6,197
31 years$32,736$23,176$16,072$10,954$7,363$5,539
32 years$31,368$21,929$14,995$10,067$6,660$4,954
33 years$30,086$20,767$14,001$9,258$6,028$4,432
34 years$28,882$19,682$13,082$8,518$5,457$3,967
35 years$27,750$18,668$12,231$7,841$4,943$3,551
36 years$26,682$17,719$11,441$7,221$4,479$3,180
37 years$25,675$16,829$10,709$6,654$4,059$2,849
38 years$24,723$15,994$10,028$6,133$3,680$2,552
39 years$23,822$15,208$9,396$5,655$3,337$2,287
40 years$22,968$14,469$8,807$5,216$3,027$2,050
41 years$22,158$13,774$8,258$4,812$2,746$1,838
42 years$21,389$13,117$7,746$4,441$2,492$1,648
43 years$20,657$12,498$7,269$4,100$2,261$1,477
44 years$19,961$11,913$6,823$3,785$2,053$1,325
45 years$19,297$11,361$6,406$3,496$1,863$1,188
46 years$18,664$10,838$6,017$3,229$1,692$1,066
47 years$18,060$10,342$5,653$2,983$1,536$956
48 years$17,483$9,873$5,312$2,757$1,395$858
49 years$16,931$9,428$4,993$2,548$1,267$769
50 years$16,403$9,006$4,694$2,355$1,151$690

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 $3,027 every year, while hoping to spend $22,505 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: 61/28/11 Blend
53$16,800,000$16,800,000$16,800,000$16,800,000
54$18,516,722$17,626,322$17,365,922$19,598,511
55$20,381,483$18,466,067$17,923,736$21,164,260
56$22,435,695$19,346,205$18,499,481$22,869,170
57$24,698,658$20,268,691$19,093,737$24,728,952
58$27,191,641$21,235,577$19,707,097$26,758,573
59$29,938,081$22,249,013$20,340,177$28,974,488
60$32,963,803$23,311,253$20,993,611$31,394,794
61$36,297,269$24,424,662$21,668,054$34,039,391
62$39,969,839$25,591,719$22,364,183$36,930,166
63$44,016,075$26,815,025$23,082,695$40,091,195
64$48,474,059$28,097,306$23,824,310$43,548,960
65$53,385,761$29,441,422$24,589,773$47,332,599
66$58,797,429$30,850,372$25,379,850$51,474,169
67$64,760,025$32,327,298$26,195,333$56,008,941
68$71,329,712$33,875,500$27,037,041$60,975,730
69$78,568,377$35,498,435$27,905,817$66,417,251
70$86,544,223$37,199,729$28,802,533$72,380,514
71$95,332,404$38,983,186$29,728,088$78,917,259
72$105,015,740$40,852,793$30,683,410$86,084,437
73$115,685,498$42,812,733$31,669,457$93,944,736
74$127,442,254$44,867,392$32,687,219$102,567,166
75$140,396,839$47,021,369$33,737,716$112,027,697
76$154,671,389$49,279,489$34,822,002$122,409,969
77$170,400,497$51,646,810$35,941,165$133,806,066
78$187,732,481$54,128,637$37,096,328$146,317,379
79$206,830,789$56,730,535$38,288,649$160,055,544
80$227,875,536$59,458,337$39,519,325$175,143,490
81$251,065,209$62,318,165$40,789,591$191,716,581
82$276,618,540$65,316,434$42,100,722$209,923,883
83$304,776,568$68,459,876$43,454,033$229,929,555
84$335,804,917$71,755,549$44,850,883$251,914,381
85$369,996,304$75,210,857$46,292,672$276,077,465
86$407,673,299$78,833,561$47,780,850$302,638,092
87$449,191,376$82,631,806$49,316,908$331,837,777
88$494,942,261$86,614,129$50,902,389$363,942,533
89$545,357,638$90,789,488$52,538,885$399,245,356
90$600,913,218$95,167,273$54,228,039$438,068,975
91$662,133,234$99,757,337$55,971,546$480,768,876
92$729,595,388$104,570,011$57,771,157$527,736,636
93$803,936,305$109,616,129$59,628,678$579,403,594
94$885,857,544$114,907,056$61,545,975$636,244,904
95$976,132,222$120,454,710$63,524,974$698,783,989
96$1,075,612,309$126,271,591$65,567,661$767,597,458
97$1,185,236,675$132,370,810$67,676,088$843,320,522
98$1,306,039,951$138,766,115$69,852,372$926,652,961
99$1,439,162,300$145,471,927$72,098,700$1,018,365,699
100$1,585,860,175$152,503,373$74,417,327$1,119,308,049