Can I retire at age 54 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,459,010
2 years$776,734$762,268$748,248$734,655$721,470$665,607
3 years$512,679$498,150$484,166$470,701$457,730$403,837
4 years$380,677$366,193$352,349$339,113$326,457$274,946
5 years$301,497$287,100$273,437$260,471$248,167$199,172
6 years$248,727$234,439$220,978$208,301$196,366$149,921
7 years$211,050$196,881$183,634$171,256$159,698$115,791
8 years$182,804$168,764$155,736$143,662$132,485$91,076
9 years$160,847$146,939$134,135$122,368$111,572$72,604
10 years$143,292$129,520$116,942$105,483$95,065$58,469
11 years$128,937$115,304$102,954$91,802$81,759$47,455
12 years$116,984$103,490$91,369$80,522$70,850$38,754
13 years$106,878$93,525$81,632$71,089$61,783$31,803
14 years$98,223$85,012$73,347$63,105$54,159$26,201
15 years$90,728$77,660$66,222$56,279$47,686$21,655
16 years$84,177$71,251$60,040$50,391$42,145$17,943
17 years$78,403$65,620$54,634$45,276$37,368$14,899
18 years$73,276$60,636$49,874$40,803$33,226$12,393
19 years$68,694$56,197$45,657$36,869$29,615$10,324
20 years$64,575$52,221$41,902$33,392$26,453$8,610
21 years$60,853$48,641$38,542$30,305$23,672$7,187
22 years$57,475$45,405$35,522$27,554$21,219$6,005
23 years$54,394$42,466$32,798$25,094$19,047$5,020
24 years$51,575$39,788$30,333$22,888$17,120$4,199
25 years$48,985$37,339$28,094$20,902$15,406$3,515
26 years$46,598$35,093$26,056$19,112$13,877$2,942
27 years$44,392$33,026$24,195$17,494$12,511$2,464
28 years$42,347$31,121$22,493$16,028$11,289$2,064
29 years$40,446$29,359$20,931$14,698$10,194$1,730
30 years$38,676$27,726$19,497$13,489$9,211$1,450
31 years$37,023$26,211$18,176$12,389$8,327$1,215
32 years$35,476$24,800$16,959$11,385$7,533$1,019
33 years$34,026$23,486$15,835$10,470$6,817$854
34 years$32,665$22,260$14,795$9,633$6,172$716
35 years$31,384$21,113$13,832$8,868$5,590$601
36 years$30,176$20,039$12,940$8,167$5,065$504
37 years$29,037$19,033$12,111$7,525$4,591$422
38 years$27,961$18,088$11,342$6,936$4,162$354
39 years$26,942$17,200$10,626$6,395$3,774$297
40 years$25,976$16,364$9,960$5,899$3,423$249
41 years$25,060$15,577$9,339$5,442$3,106$209
42 years$24,190$14,835$8,760$5,023$2,818$175
43 years$23,362$14,135$8,220$4,636$2,558$147
44 years$22,575$13,474$7,716$4,281$2,321$123
45 years$21,824$12,848$7,245$3,954$2,107$104
46 years$21,108$12,257$6,805$3,652$1,913$87
47 years$20,425$11,697$6,393$3,374$1,738$73
48 years$19,772$11,166$6,008$3,118$1,578$61
49 years$19,148$10,663$5,647$2,881$1,433$51
50 years$18,551$10,186$5,309$2,663$1,302$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $19,000,000, adding $3,679 every year, while hoping to spend $32,355 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: 60/26/14 Blend
53$19,000,000$19,000,000$19,000,000$19,000,000
54$20,941,795$19,934,795$19,640,295$22,125,187
55$23,043,432$20,877,174$20,263,819$23,865,037
56$25,358,353$21,864,646$20,907,147$25,758,154
57$27,908,276$22,899,385$21,570,908$27,822,505
58$30,717,138$23,983,673$22,255,752$30,074,634
59$33,811,314$25,119,901$22,962,347$32,532,729
60$37,219,868$26,310,576$23,691,386$35,216,791
61$40,974,828$27,558,328$24,443,581$38,148,817
62$45,111,488$28,865,913$25,219,668$41,353,002
63$49,668,740$30,236,223$26,020,407$44,855,960
64$54,689,442$31,672,288$26,846,581$48,686,969
65$60,220,822$33,177,287$27,698,999$52,878,240
66$66,314,924$34,754,553$28,578,493$57,465,214
67$73,029,099$36,407,579$29,485,925$62,486,889
68$80,426,547$38,140,029$30,422,184$67,986,181
69$88,576,911$39,955,747$31,388,183$74,010,319
70$97,556,939$41,858,762$32,384,870$80,611,284
71$107,451,202$43,853,297$33,413,219$87,846,288
72$118,352,900$45,943,783$34,474,237$95,778,308
73$130,364,733$48,134,866$35,568,961$104,476,668
74$143,599,878$50,431,417$36,698,464$114,017,684
75$158,183,053$52,838,544$37,863,850$124,485,373
76$174,251,696$55,361,604$39,066,260$135,972,234
77$191,957,260$58,006,213$40,306,871$148,580,111
78$211,466,646$60,778,264$41,586,897$162,421,142
79$232,963,777$63,683,931$42,907,591$177,618,802
80$256,651,332$66,729,694$44,270,245$194,309,057
81$282,752,664$69,922,345$45,676,194$212,641,633
82$311,513,902$73,269,006$47,126,813$232,781,413
83$343,206,282$76,777,149$48,623,522$254,909,981
84$378,128,700$80,454,606$50,167,787$279,227,316
85$416,610,538$84,309,593$51,761,120$305,953,666
86$459,014,775$88,350,726$53,405,079$335,331,607
87$505,741,408$92,587,037$55,101,275$367,628,314
88$557,231,232$97,028,002$56,851,368$403,138,065
89$613,970,000$101,683,556$58,657,072$442,184,999
90$676,493,010$106,564,120$60,520,153$485,126,152
91$745,390,156$111,680,621$62,442,437$532,354,807
92$821,311,499$117,044,519$64,425,806$584,304,183
93$904,973,402$122,667,831$66,472,201$641,451,497
94$997,165,296$128,563,162$68,583,627$704,322,449
95$1,098,757,129$134,743,729$70,762,150$773,496,153
96$1,210,707,578$141,223,394$73,009,905$849,610,576
97$1,334,073,106$148,016,695$75,329,092$933,368,536
98$1,470,017,929$155,138,879$77,721,982$1,025,544,298
99$1,619,825,009$162,605,935$80,190,920$1,126,990,858
100$1,784,908,166$170,434,632$82,738,322$1,238,647,958