Can I retire at age 54 with 19,400,000?

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 $19,400,000?

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$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,529,555
2 years$793,086$778,316$764,001$750,121$736,659$719,114
3 years$523,472$508,638$494,359$480,610$467,367$450,249
4 years$388,691$373,903$359,767$346,252$333,330$316,772
5 years$307,844$293,144$279,194$265,955$253,392$237,443
6 years$253,964$239,374$225,630$212,686$200,500$185,178
7 years$215,493$201,026$187,500$174,861$163,061$148,372
8 years$186,653$172,317$159,015$146,687$135,274$121,219
9 years$164,233$150,033$136,959$124,945$113,921$100,492
10 years$146,308$132,246$119,404$107,703$97,066$84,256
11 years$131,652$117,731$105,121$93,734$83,480$71,277
12 years$119,447$105,669$93,293$82,218$72,342$60,734
13 years$109,128$95,494$83,351$72,586$63,084$52,056
14 years$100,290$86,801$74,891$64,434$55,299$44,836
15 years$92,638$79,295$67,617$57,463$48,689$38,775
16 years$85,949$72,751$61,304$51,452$43,032$33,648
17 years$80,053$67,001$55,784$46,229$38,155$29,285
18 years$74,818$61,912$50,924$41,662$33,926$25,551
19 years$70,140$57,380$46,619$37,645$30,239$22,340
20 years$65,934$53,320$42,784$34,095$27,010$19,569
21 years$62,135$49,665$39,353$30,943$24,171$17,169
22 years$58,685$46,361$36,270$28,135$21,666$15,084
23 years$55,539$43,360$33,489$25,623$19,448$13,268
24 years$52,661$40,626$30,972$23,369$17,481$11,683
25 years$50,016$38,125$28,686$21,342$15,730$10,297
26 years$47,579$35,832$26,605$19,514$14,169$9,082
27 years$45,326$33,722$24,705$17,862$12,774$8,017
28 years$43,238$31,776$22,966$16,365$11,527$7,080
29 years$41,298$29,977$21,372$15,007$10,408$6,257
30 years$39,490$28,310$19,907$13,773$9,404$5,532
31 years$37,802$26,762$18,559$12,649$8,503$4,892
32 years$36,223$25,323$17,316$11,625$7,691$4,329
33 years$34,743$23,981$16,168$10,690$6,961$3,831
34 years$33,352$22,728$15,106$9,836$6,302$3,392
35 years$32,044$21,558$14,123$9,055$5,708$3,004
36 years$30,812$20,461$13,212$8,339$5,172$2,661
37 years$29,648$19,434$12,366$7,683$4,687$2,357
38 years$28,549$18,469$11,581$7,082$4,249$2,089
39 years$27,509$17,562$10,850$6,530$3,854$1,851
40 years$26,523$16,709$10,169$6,023$3,495$1,641
41 years$25,587$15,905$9,536$5,557$3,171$1,455
42 years$24,699$15,148$8,945$5,128$2,877$1,290
43 years$23,854$14,433$8,393$4,734$2,611$1,143
44 years$23,050$13,757$7,879$4,371$2,370$1,014
45 years$22,284$13,119$7,398$4,037$2,152$899
46 years$21,553$12,515$6,948$3,729$1,954$797
47 years$20,855$11,943$6,528$3,445$1,774$707
48 years$20,189$11,401$6,134$3,183$1,611$627
49 years$19,551$10,887$5,766$2,942$1,463$556
50 years$18,941$10,400$5,421$2,719$1,329$493

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $19,400,000, adding $2,801 every year, while hoping to spend $27,531 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: 30/44/26 Blend
53$19,400,000$19,400,000$19,400,000$19,400,000
54$21,381,689$20,353,489$20,052,789$21,851,352
55$23,533,329$21,321,517$20,695,265$23,184,086
56$25,903,513$22,336,056$21,358,341$24,614,170
57$28,514,504$23,399,356$22,042,678$26,152,087
58$31,390,834$24,513,775$22,748,959$27,807,217
59$34,559,538$25,681,788$23,477,887$29,589,831
60$38,050,404$26,905,990$24,230,190$31,511,169
61$41,896,261$28,189,099$25,006,617$33,583,541
62$46,133,285$29,533,970$25,807,944$35,820,431
63$50,801,338$30,943,593$26,634,968$38,236,614
64$55,944,350$32,421,104$27,488,515$40,848,283
65$61,610,730$33,969,794$28,369,436$43,673,188
66$67,853,822$35,593,112$29,278,610$46,730,794
67$74,732,412$37,294,674$30,216,943$50,042,447
68$82,311,279$39,078,274$31,185,372$53,631,567
69$90,661,809$40,947,890$32,184,862$57,523,849
70$99,862,669$42,907,692$33,216,411$61,747,494
71$110,000,548$44,962,055$34,281,047$66,333,456
72$121,170,975$47,115,567$35,379,833$71,315,721
73$133,479,221$49,373,037$36,513,864$76,731,606
74$147,041,297$51,739,511$37,684,274$82,622,097
75$161,985,041$54,220,278$38,892,228$89,032,212
76$178,451,331$56,820,888$40,138,934$96,011,412
77$196,595,412$59,547,157$41,425,634$103,614,039
78$216,588,365$62,405,189$42,753,613$111,899,814
79$238,618,715$65,401,380$44,124,197$120,934,375
80$262,894,219$68,542,443$45,538,752$130,789,869
81$289,643,821$71,835,414$46,998,692$141,545,613
82$319,119,816$75,287,674$48,505,473$153,288,815
83$351,600,230$78,906,963$50,060,599$166,115,367
84$387,391,447$82,701,398$51,665,623$180,130,723
85$426,831,101$86,679,493$53,322,148$195,450,864
86$470,291,260$90,850,174$55,031,826$212,203,362
87$518,181,941$95,222,806$56,796,365$230,528,549
88$570,954,983$99,807,207$58,617,527$250,580,809
89$629,108,307$104,613,676$60,497,130$272,529,996
90$693,190,621$109,653,013$62,437,051$296,563,003
91$763,806,599$114,936,546$64,439,227$322,885,484
92$841,622,589$120,476,153$66,505,658$351,723,754
93$927,372,904$126,284,295$68,638,408$383,326,882
94$1,021,866,751$132,374,037$70,839,606$417,968,996
95$1,125,995,879$138,759,083$73,111,451$455,951,823
96$1,240,742,986$145,453,806$75,456,213$497,607,488
97$1,367,191,008$152,473,280$77,876,234$543,301,597
98$1,506,533,334$159,833,314$80,373,930$593,436,629
99$1,660,085,075$167,550,488$82,951,798$648,455,686
100$1,829,295,483$175,642,191$85,612,413$708,846,607