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%11.9%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,328,986
2 years$686,796$674,005$661,609$649,590$637,931$627,176
3 years$453,316$440,470$428,105$416,198$404,730$394,222
4 years$336,599$323,792$311,551$299,847$288,657$278,477
5 years$266,587$253,857$241,776$230,312$219,432$209,611
6 years$219,927$207,293$195,391$184,182$173,629$164,179
7 years$186,612$174,085$162,371$151,426$141,207$132,132
8 years$161,637$149,223$137,703$127,028$117,145$108,445
9 years$142,223$129,925$118,604$108,199$98,653$90,326
10 years$126,700$114,523$103,402$93,269$84,057$76,098
11 years$114,008$101,953$91,033$81,172$72,292$64,695
12 years$103,439$91,507$80,790$71,199$62,647$55,405
13 years$94,503$82,696$72,180$62,858$54,629$47,734
14 years$86,849$75,168$64,854$55,798$47,888$41,331
15 years$80,223$68,668$58,555$49,762$42,164$35,937
16 years$74,430$63,001$53,088$44,557$37,265$31,358
17 years$69,325$58,022$48,308$40,034$33,041$27,444
18 years$64,791$53,615$44,099$36,078$29,379$24,081
19 years$60,740$49,690$40,371$32,600$26,186$21,177
20 years$57,098$46,174$37,050$29,526$23,390$18,660
21 years$53,807$43,009$34,079$26,796$20,931$16,469
22 years$50,820$40,148$31,409$24,364$18,762$14,556
23 years$48,096$37,549$29,001$22,189$16,842$12,882
24 years$45,603$35,181$26,821$20,237$15,138$11,413
25 years$43,313$33,016$24,841$18,482$13,622$10,122
26 years$41,203$31,029$23,039$16,899$12,270$8,984
27 years$39,252$29,202$21,394$15,468$11,062$7,981
28 years$37,444$27,517$19,888$14,172$9,982$7,094
29 years$35,763$25,959$18,508$12,996$9,013$6,309
30 years$34,198$24,516$17,239$11,927$8,144$5,615
31 years$32,736$23,176$16,072$10,954$7,363$4,999
32 years$31,368$21,929$14,995$10,067$6,660$4,452
33 years$30,086$20,767$14,001$9,258$6,028$3,967
34 years$28,882$19,682$13,082$8,518$5,457$3,535
35 years$27,750$18,668$12,231$7,841$4,943$3,152
36 years$26,682$17,719$11,441$7,221$4,479$2,811
37 years$25,675$16,829$10,709$6,654$4,059$2,507
38 years$24,723$15,994$10,028$6,133$3,680$2,237
39 years$23,822$15,208$9,396$5,655$3,337$1,996
40 years$22,968$14,469$8,807$5,216$3,027$1,781
41 years$22,158$13,774$8,258$4,812$2,746$1,590
42 years$21,389$13,117$7,746$4,441$2,492$1,419
43 years$20,657$12,498$7,269$4,100$2,261$1,267
44 years$19,961$11,913$6,823$3,785$2,053$1,131
45 years$19,297$11,361$6,406$3,496$1,863$1,010
46 years$18,664$10,838$6,017$3,229$1,692$902
47 years$18,060$10,342$5,653$2,983$1,536$806
48 years$17,483$9,873$5,312$2,757$1,395$720
49 years$16,931$9,428$4,993$2,548$1,267$643
50 years$16,403$9,006$4,694$2,355$1,151$574

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 $5,462 every year, while hoping to spend $40,732 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: 51/20/29 Blend
53$16,800,000$16,800,000$16,800,000$16,800,000
54$18,519,234$17,628,834$17,368,434$19,311,886
55$20,364,857$18,449,308$17,906,938$20,686,200
56$22,397,369$19,308,621$18,462,117$22,175,289
57$24,635,789$20,208,631$19,034,486$23,793,796
58$27,101,075$21,151,290$19,624,577$25,554,069
59$29,816,322$22,138,640$20,232,937$27,469,681
60$32,806,979$23,172,826$20,860,133$29,555,552
61$36,101,088$24,256,092$21,506,745$31,828,090
62$39,729,553$25,390,794$22,173,374$34,305,336
63$43,726,424$26,579,400$22,860,639$37,007,133
64$48,129,227$27,824,498$23,569,178$39,955,302
65$52,979,311$29,128,801$24,299,649$43,173,852
66$58,322,242$30,495,154$25,052,728$46,689,189
67$64,208,232$31,926,537$25,829,116$50,530,369
68$70,692,612$33,426,078$26,629,531$54,729,363
69$77,836,356$34,997,053$27,454,718$59,321,347
70$85,706,654$36,642,899$28,305,441$64,345,036
71$94,377,548$38,367,217$29,182,489$69,843,034
72$103,930,632$40,173,784$30,086,676$75,862,235
73$114,455,817$42,066,561$31,018,841$82,454,253
74$126,052,186$44,049,697$31,979,847$89,675,905
75$138,828,923$46,127,546$32,970,586$97,589,735
76$152,906,349$48,304,672$33,991,977$106,264,598
77$168,417,054$50,585,858$35,044,965$115,776,301
78$185,507,150$52,976,121$36,130,528$126,208,306
79$204,337,649$55,480,722$37,249,671$137,652,512
80$225,085,986$58,105,174$38,403,431$150,210,108
81$247,947,689$60,855,260$39,592,879$163,992,517
82$273,138,228$63,737,042$40,819,115$179,122,442
83$300,895,048$66,756,878$42,083,276$195,735,005
84$331,479,811$69,921,433$43,386,534$213,979,016
85$365,180,863$73,237,695$44,730,094$234,018,358
86$402,315,962$76,712,992$46,115,203$256,033,529
87$443,235,269$80,355,008$47,543,142$280,223,324
88$488,324,664$84,171,801$49,015,234$306,806,699
89$538,009,377$88,171,817$50,532,842$336,024,827
90$592,758,013$92,363,915$52,097,371$368,143,351
91$653,086,967$96,757,384$53,710,270$403,454,879
92$719,565,305$101,361,963$55,373,032$442,281,728
93$792,820,133$106,187,866$57,087,195$484,978,949
94$873,542,517$111,245,802$58,854,347$531,937,657
95$962,494,009$116,547,001$60,676,122$583,588,707
96$1,060,513,832$122,103,238$62,554,206$640,406,734
97$1,168,526,809$127,926,863$64,490,338$702,914,620
98$1,287,552,087$134,030,822$66,486,308$771,688,398
99$1,418,712,762$140,428,696$68,543,962$847,362,676
100$1,563,246,484$147,134,721$70,665,204$930,636,592