Can I retire at age 54 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,531,089
2 years$797,174$782,328$767,939$753,988$740,456$716,466
3 years$526,170$511,260$496,907$483,087$469,776$446,412
4 years$390,695$375,830$361,621$348,037$335,048$312,490
5 years$309,431$294,655$280,633$267,326$254,698$233,011
6 years$255,273$240,608$226,793$213,783$201,534$180,742
7 years$216,603$202,062$188,466$175,763$163,901$144,012
8 years$187,615$173,205$159,834$147,443$135,972$116,982
9 years$165,080$150,806$137,665$125,589$114,508$96,408
10 years$147,062$132,928$120,020$108,259$97,566$80,343
11 years$132,330$118,338$105,663$94,217$83,910$67,545
12 years$120,063$106,214$93,774$82,641$72,715$57,187
13 years$109,690$95,986$83,780$72,960$63,409$48,697
14 years$100,807$87,249$75,277$64,766$55,584$41,664
15 years$93,116$79,703$67,965$57,760$48,940$35,787
16 years$86,392$73,126$61,620$51,717$43,254$30,841
17 years$80,466$67,347$56,072$46,468$38,352$26,653
18 years$75,204$62,231$51,187$41,877$34,101$23,088
19 years$70,501$57,675$46,859$37,839$30,395$20,040
20 years$66,274$53,595$43,005$34,271$27,149$17,425
21 years$62,455$49,921$39,556$31,103$24,295$15,173
22 years$58,987$46,600$36,457$28,280$21,777$13,230
23 years$55,826$43,584$33,662$25,755$19,549$11,548
24 years$52,932$40,835$31,131$23,490$17,571$10,090
25 years$50,274$38,322$28,834$21,452$15,811$8,823
26 years$47,824$36,016$26,742$19,615$14,242$7,721
27 years$45,560$33,896$24,832$17,954$12,840$6,760
28 years$43,461$31,940$23,085$16,450$11,586$5,923
29 years$41,511$30,131$21,482$15,085$10,462$5,191
30 years$39,694$28,456$20,010$13,844$9,453$4,552
31 years$37,997$26,900$18,655$12,715$8,546$3,993
32 years$36,410$25,453$17,405$11,685$7,731$3,504
33 years$34,922$24,105$16,251$10,745$6,996$3,076
34 years$33,524$22,846$15,184$9,887$6,334$2,700
35 years$32,209$21,669$14,196$9,101$5,737$2,371
36 years$30,971$20,567$13,280$8,382$5,198$2,083
37 years$29,801$19,534$12,430$7,723$4,711$1,830
38 years$28,696$18,564$11,640$7,118$4,271$1,607
39 years$27,651$17,653$10,906$6,564$3,873$1,412
40 years$26,660$16,795$10,222$6,054$3,513$1,241
41 years$25,719$15,987$9,585$5,585$3,187$1,091
42 years$24,826$15,226$8,991$5,155$2,892$959
43 years$23,977$14,507$8,437$4,758$2,625$843
44 years$23,169$13,828$7,919$4,394$2,383$741
45 years$22,399$13,186$7,436$4,058$2,163$651
46 years$21,664$12,579$6,984$3,748$1,964$573
47 years$20,963$12,005$6,561$3,463$1,783$504
48 years$20,293$11,460$6,166$3,200$1,619$443
49 years$19,652$10,944$5,796$2,957$1,471$389
50 years$19,039$10,454$5,449$2,733$1,336$342

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $19,500,000, adding $6,692 every year, while hoping to spend $44,239 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: 50/25/25 Blend
53$19,500,000$19,500,000$19,500,000$19,500,000
54$21,495,903$20,462,403$20,160,153$22,418,893
55$23,641,415$21,417,991$20,788,448$24,017,874
56$26,004,287$22,418,919$21,436,308$25,749,807
57$28,606,642$23,467,364$22,104,343$27,631,373
58$31,472,860$24,565,606$22,793,178$29,676,763
59$34,629,804$25,716,033$23,503,463$31,901,576
60$38,107,079$26,921,154$24,235,863$34,322,951
61$41,937,304$28,183,593$24,991,068$36,959,730
62$46,156,426$29,506,106$25,769,786$39,832,625
63$50,804,057$30,891,581$26,572,749$42,964,407
64$55,923,845$32,343,043$27,400,711$46,380,117
65$61,563,892$33,863,667$28,254,449$50,107,292
66$67,777,202$35,456,779$29,134,766$54,176,216
67$74,622,184$37,125,868$30,042,488$58,620,201
68$82,163,202$38,874,592$30,978,467$63,475,893
69$90,471,186$40,706,784$31,943,583$68,783,605
70$99,624,295$42,626,465$32,938,741$74,587,693
71$109,708,661$44,637,849$33,964,876$80,936,960
72$120,819,196$46,745,355$35,022,951$87,885,113
73$133,060,493$48,953,617$36,113,960$95,491,254
74$146,547,812$51,267,493$37,238,926$103,820,430
75$161,408,165$53,692,076$38,398,906$112,944,232
76$177,781,517$56,232,706$39,594,988$122,941,464
77$195,822,106$58,894,984$40,828,295$133,898,871
78$215,699,902$61,684,779$42,099,984$145,911,943
79$237,602,208$64,608,249$43,411,249$159,085,808
80$261,735,428$67,671,848$44,763,321$173,536,206
81$288,327,016$70,882,343$46,157,467$189,390,567
82$317,627,626$74,246,832$47,594,996$206,789,200
83$349,913,472$77,772,756$49,077,257$225,886,599
84$385,488,942$81,467,916$50,605,640$246,852,887
85$424,689,464$85,340,494$52,181,580$269,875,403
86$467,884,680$89,399,069$53,806,553$295,160,451
87$515,481,931$93,652,637$55,482,086$322,935,227
88$567,930,101$98,110,629$57,209,749$353,449,949
89$625,723,858$102,782,936$58,991,162$386,980,190
90$689,408,322$107,679,931$60,827,997$423,829,463
91$759,584,212$112,812,488$62,721,975$464,332,063
92$836,913,513$118,192,013$64,674,874$508,856,193
93$922,125,733$123,830,462$66,688,523$557,807,420
94$1,016,024,781$129,740,378$68,764,812$611,632,477
95$1,119,496,561$135,934,909$70,905,686$670,823,449
96$1,233,517,337$142,427,846$73,113,153$735,922,390
97$1,359,162,944$149,233,649$75,389,282$807,526,415
98$1,497,618,948$156,367,482$77,736,207$886,293,298
99$1,650,191,838$163,845,246$80,156,127$972,947,654
100$1,818,321,359$171,683,617$82,651,311$1,068,287,742