Can I retire at age 54 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,332,448
2 years$690,884$678,017$665,547$653,456$641,728$626,445
3 years$456,014$443,092$430,653$418,676$407,139$392,228
4 years$338,602$325,719$313,405$301,632$290,375$275,951
5 years$268,174$255,368$243,215$231,683$220,738$206,844
6 years$221,236$208,527$196,554$185,278$174,663$161,315
7 years$187,723$175,121$163,337$152,328$142,048$129,252
8 years$162,599$150,111$138,523$127,784$117,842$105,598
9 years$143,069$130,698$119,310$108,843$99,240$87,542
10 years$127,454$115,204$104,017$93,824$84,558$73,398
11 years$114,686$102,560$91,575$81,655$72,722$62,092
12 years$104,054$92,052$81,270$71,622$63,020$52,907
13 years$95,065$83,188$72,610$63,232$54,954$45,348
14 years$87,366$75,616$65,240$56,130$48,173$39,058
15 years$80,700$69,076$58,903$50,058$42,415$33,778
16 years$74,873$63,376$53,404$44,822$37,487$29,312
17 years$69,737$58,367$48,596$40,272$33,238$25,511
18 years$65,177$53,934$44,362$36,293$29,554$22,258
19 years$61,101$49,985$40,611$32,794$26,342$19,462
20 years$57,438$46,449$37,271$29,701$23,529$17,048
21 years$54,127$43,265$34,282$26,956$21,056$14,957
22 years$51,122$40,386$31,596$24,509$18,874$13,140
23 years$48,382$37,773$29,173$22,321$16,942$11,558
24 years$45,874$35,391$26,980$20,358$15,228$10,178
25 years$43,571$33,212$24,989$18,592$13,703$8,970
26 years$41,448$31,214$23,176$17,000$12,343$7,912
27 years$39,485$29,376$21,521$15,560$11,128$6,983
28 years$37,666$27,681$20,007$14,256$10,041$6,168
29 years$35,976$26,114$18,618$13,073$9,067$5,450
30 years$34,401$24,662$17,342$11,998$8,193$4,819
31 years$32,931$23,314$16,167$11,019$7,407$4,262
32 years$31,555$22,059$15,084$10,127$6,700$3,771
33 years$30,265$20,891$14,084$9,313$6,064$3,338
34 years$29,054$19,800$13,160$8,568$5,490$2,955
35 years$27,915$18,780$12,303$7,888$4,972$2,617
36 years$26,841$17,825$11,510$7,264$4,505$2,318
37 years$25,828$16,929$10,773$6,693$4,083$2,054
38 years$24,870$16,089$10,088$6,169$3,702$1,820
39 years$23,964$15,299$9,452$5,688$3,357$1,613
40 years$23,105$14,556$8,859$5,247$3,045$1,429
41 years$22,290$13,856$8,307$4,841$2,762$1,267
42 years$21,516$13,196$7,792$4,467$2,507$1,123
43 years$20,780$12,573$7,312$4,124$2,275$996
44 years$20,080$11,984$6,863$3,808$2,065$883
45 years$19,412$11,428$6,445$3,517$1,875$783
46 years$18,775$10,902$6,053$3,248$1,702$695
47 years$18,168$10,404$5,687$3,001$1,545$616
48 years$17,587$9,932$5,344$2,773$1,404$546
49 years$17,032$9,484$5,023$2,563$1,275$485
50 years$16,500$9,060$4,722$2,369$1,158$430

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $16,900,000, adding $5,365 every year, while hoping to spend $20,354 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: 61/16/23 Blend
53$16,900,000$16,900,000$16,900,000$16,900,000
54$18,629,334$17,733,634$17,471,684$19,652,100
55$20,507,870$18,580,926$18,035,329$21,193,195
56$22,577,334$19,469,052$18,617,174$22,871,753
57$24,857,179$20,399,993$19,217,807$24,703,389
58$27,368,843$21,375,825$19,837,835$26,703,003
59$30,135,949$22,398,723$20,477,886$28,886,991
60$33,184,526$23,470,972$21,138,606$31,273,389
61$36,543,262$24,594,964$21,820,663$33,882,040
62$40,243,767$25,773,209$22,524,748$36,734,778
63$44,320,876$27,008,342$23,251,572$39,855,633
64$48,812,977$28,303,121$24,001,870$43,271,046
65$53,762,369$29,660,443$24,776,402$47,010,119
66$59,215,669$31,083,343$25,575,950$51,104,885
67$65,224,247$32,575,006$26,401,323$55,590,602
68$71,844,709$34,138,771$27,253,357$60,506,081
69$79,139,438$35,778,139$28,132,913$65,894,049
70$87,177,176$37,496,783$29,040,881$71,801,545
71$96,033,677$39,298,554$29,978,179$78,280,357
72$105,792,420$41,187,492$30,945,757$85,387,504
73$116,545,400$43,167,832$31,944,592$93,185,770
74$128,393,991$45,244,016$32,975,697$101,744,288
75$141,449,909$47,420,704$34,040,113$111,139,185
76$155,836,262$49,702,780$35,138,919$121,454,294
77$171,688,714$52,095,370$36,273,227$132,781,934
78$189,156,768$54,603,848$37,444,184$145,223,779
79$208,405,170$57,233,848$38,652,977$158,891,803
80$229,615,473$59,991,283$39,900,827$173,909,333
81$252,987,746$62,882,351$41,189,000$190,412,200
82$278,742,463$65,913,553$42,518,798$208,550,011
83$307,122,586$69,091,708$43,891,569$228,487,555
84$338,395,854$72,423,967$45,308,702$250,406,345
85$372,857,320$75,917,829$46,771,631$274,506,317
86$410,832,125$79,581,161$48,281,840$301,007,713
87$452,678,576$83,422,213$49,840,856$330,153,141
88$498,791,525$87,449,635$51,450,258$362,209,856
89$549,606,096$91,672,503$53,111,677$397,472,268
90$605,601,795$96,100,333$54,826,796$436,264,709
91$667,307,036$100,743,106$56,597,351$478,944,475
92$735,304,127$105,611,293$58,425,136$525,905,192
93$810,234,773$110,715,871$60,312,003$577,580,508
94$892,806,128$116,068,357$62,259,863$634,448,174
95$983,797,475$121,680,828$64,270,690$697,034,536
96$1,084,067,580$127,565,951$66,346,521$765,919,484
97$1,194,562,803$133,737,012$68,489,459$841,741,910
98$1,316,326,029$140,207,946$70,701,676$925,205,717
99$1,450,506,515$146,993,367$72,985,414$1,017,086,446
100$1,598,370,741$154,108,603$75,342,987$1,118,238,572