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

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,298,782
2 years$690,884$678,017$665,547$653,456$641,728$593,051
3 years$456,014$443,092$430,653$418,676$407,139$360,162
4 years$338,602$325,719$313,405$301,632$290,375$245,458
5 years$268,174$255,368$243,215$231,683$220,738$177,998
6 years$221,236$208,527$196,554$185,278$174,663$134,131
7 years$187,723$175,121$163,337$152,328$142,048$103,714
8 years$162,599$150,111$138,523$127,784$117,842$81,674
9 years$143,069$130,698$119,310$108,843$99,240$65,189
10 years$127,454$115,204$104,017$93,824$84,558$52,563
11 years$114,686$102,560$91,575$81,655$72,722$42,718
12 years$104,054$92,052$81,270$71,622$63,020$34,932
13 years$95,065$83,188$72,610$63,232$54,954$28,706
14 years$87,366$75,616$65,240$56,130$48,173$23,683
15 years$80,700$69,076$58,903$50,058$42,415$19,601
16 years$74,873$63,376$53,404$44,822$37,487$16,265
17 years$69,737$58,367$48,596$40,272$33,238$13,526
18 years$65,177$53,934$44,362$36,293$29,554$11,268
19 years$61,101$49,985$40,611$32,794$26,342$9,400
20 years$57,438$46,449$37,271$29,701$23,529$7,852
21 years$54,127$43,265$34,282$26,956$21,056$6,565
22 years$51,122$40,386$31,596$24,509$18,874$5,493
23 years$48,382$37,773$29,173$22,321$16,942$4,600
24 years$45,874$35,391$26,980$20,358$15,228$3,854
25 years$43,571$33,212$24,989$18,592$13,703$3,230
26 years$41,448$31,214$23,176$17,000$12,343$2,709
27 years$39,485$29,376$21,521$15,560$11,128$2,272
28 years$37,666$27,681$20,007$14,256$10,041$1,907
29 years$35,976$26,114$18,618$13,073$9,067$1,600
30 years$34,401$24,662$17,342$11,998$8,193$1,344
31 years$32,931$23,314$16,167$11,019$7,407$1,128
32 years$31,555$22,059$15,084$10,127$6,700$947
33 years$30,265$20,891$14,084$9,313$6,064$795
34 years$29,054$19,800$13,160$8,568$5,490$668
35 years$27,915$18,780$12,303$7,888$4,972$561
36 years$26,841$17,825$11,510$7,264$4,505$471
37 years$25,828$16,929$10,773$6,693$4,083$396
38 years$24,870$16,089$10,088$6,169$3,702$333
39 years$23,964$15,299$9,452$5,688$3,357$280
40 years$23,105$14,556$8,859$5,247$3,045$235
41 years$22,290$13,856$8,307$4,841$2,762$197
42 years$21,516$13,196$7,792$4,467$2,507$166
43 years$20,780$12,573$7,312$4,124$2,275$139
44 years$20,080$11,984$6,863$3,808$2,065$117
45 years$19,412$11,428$6,445$3,517$1,875$98
46 years$18,775$10,902$6,053$3,248$1,702$83
47 years$18,168$10,404$5,687$3,001$1,545$69
48 years$17,587$9,932$5,344$2,773$1,404$58
49 years$17,032$9,484$5,023$2,563$1,275$49
50 years$16,500$9,060$4,722$2,369$1,158$41

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 $4,049 every year, while hoping to spend $23,274 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: 39/37/24 Blend
53$16,900,000$16,900,000$16,900,000$16,900,000
54$18,627,977$17,732,277$17,470,327$19,221,425
55$20,503,267$18,576,395$18,030,819$20,495,948
56$22,569,057$19,461,095$18,609,308$21,870,701
57$24,844,752$20,388,340$19,206,372$23,356,790
58$27,351,739$21,360,191$19,822,607$24,964,353
59$30,113,582$22,378,806$20,458,631$26,704,509
60$33,156,251$23,446,451$21,115,078$28,589,455
61$36,508,360$24,565,499$21,792,605$30,632,575
62$40,201,445$25,738,440$22,491,889$32,848,555
63$44,270,256$26,967,887$23,213,631$35,253,519
64$48,753,085$28,256,577$23,958,551$37,865,164
65$53,692,132$29,607,382$24,727,395$40,702,928
66$59,133,899$31,023,312$25,520,931$43,788,154
67$65,129,628$32,507,526$26,339,954$47,144,289
68$71,735,789$34,063,334$27,185,282$50,797,091
69$79,014,612$35,694,210$28,057,761$54,774,862
70$87,034,671$37,403,794$28,958,264$59,108,704
71$95,871,533$39,195,906$29,887,692$63,832,800
72$105,608,474$41,074,550$30,846,974$68,984,725
73$116,337,262$43,043,926$31,837,071$74,605,788
74$128,159,022$45,108,438$32,858,973$80,741,406
75$141,185,196$47,272,706$33,913,702$87,441,520
76$155,538,589$49,541,572$35,002,314$94,761,052
77$171,354,533$51,920,116$36,125,899$102,760,405
78$188,782,159$54,413,665$37,285,581$111,506,020
79$207,985,811$57,027,807$38,482,520$121,070,987
80$229,146,594$59,768,399$39,717,914$131,535,709
81$252,464,083$62,641,587$40,993,000$142,988,654
82$278,158,208$65,653,814$42,309,055$155,527,161
83$306,471,332$68,811,838$43,667,395$169,258,340
84$337,670,536$72,122,746$45,069,381$184,300,068
85$372,050,142$75,593,971$46,516,416$200,782,071
86$409,934,489$79,233,309$48,009,948$218,847,128
87$451,680,999$83,048,933$49,551,474$238,652,396
88$497,683,549$87,049,419$51,142,537$260,370,866
89$548,376,189$91,243,758$52,784,729$284,192,970
90$604,237,238$95,641,380$54,479,696$310,328,348
91$665,793,805$100,252,177$56,229,134$339,007,801
92$733,626,759$105,086,520$58,034,797$370,485,435
93$808,376,218$110,155,288$59,898,491$405,041,031
94$890,747,586$115,469,891$61,822,084$442,982,650
95$981,518,219$121,042,295$63,807,504$484,649,506
96$1,081,544,760$126,885,050$65,856,737$530,415,131
97$1,191,771,225$133,011,317$67,971,838$580,690,862
98$1,313,237,921$139,434,902$70,154,925$635,929,687
99$1,447,091,259$146,170,283$72,408,186$696,630,472
100$1,594,594,585$153,232,644$74,733,877$763,342,632