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

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 $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%12.2%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,540,643
2 years$797,174$782,328$767,939$753,988$740,456$726,033
3 years$526,170$511,260$496,907$483,087$469,776$455,692
4 years$390,695$375,830$361,621$348,037$335,048$321,412
5 years$309,431$294,655$280,633$267,326$254,698$241,550
6 years$255,273$240,608$226,793$213,783$201,534$188,890
7 years$216,603$202,062$188,466$175,763$163,901$151,767
8 years$187,615$173,205$159,834$147,443$135,972$124,348
9 years$165,080$150,806$137,665$125,589$114,508$103,389
10 years$147,062$132,928$120,020$108,259$97,566$86,947
11 years$132,330$118,338$105,663$94,217$83,910$73,782
12 years$120,063$106,214$93,774$82,641$72,715$63,067
13 years$109,690$95,986$83,780$72,960$63,409$54,231
14 years$100,807$87,249$75,277$64,766$55,584$46,864
15 years$93,116$79,703$67,965$57,760$48,940$40,666
16 years$86,392$73,126$61,620$51,717$43,254$35,411
17 years$80,466$67,347$56,072$46,468$38,352$30,927
18 years$75,204$62,231$51,187$41,877$34,101$27,080
19 years$70,501$57,675$46,859$37,839$30,395$23,763
20 years$66,274$53,595$43,005$34,271$27,149$20,892
21 years$62,455$49,921$39,556$31,103$24,295$18,398
22 years$58,987$46,600$36,457$28,280$21,777$16,225
23 years$55,826$43,584$33,662$25,755$19,549$14,326
24 years$52,932$40,835$31,131$23,490$17,571$12,663
25 years$50,274$38,322$28,834$21,452$15,811$11,204
26 years$47,824$36,016$26,742$19,615$14,242$9,922
27 years$45,560$33,896$24,832$17,954$12,840$8,792
28 years$43,461$31,940$23,085$16,450$11,586$7,797
29 years$41,511$30,131$21,482$15,085$10,462$6,918
30 years$39,694$28,456$20,010$13,844$9,453$6,141
31 years$37,997$26,900$18,655$12,715$8,546$5,454
32 years$36,410$25,453$17,405$11,685$7,731$4,846
33 years$34,922$24,105$16,251$10,745$6,996$4,307
34 years$33,524$22,846$15,184$9,887$6,334$3,829
35 years$32,209$21,669$14,196$9,101$5,737$3,405
36 years$30,971$20,567$13,280$8,382$5,198$3,029
37 years$29,801$19,534$12,430$7,723$4,711$2,695
38 years$28,696$18,564$11,640$7,118$4,271$2,398
39 years$27,651$17,653$10,906$6,564$3,873$2,134
40 years$26,660$16,795$10,222$6,054$3,513$1,900
41 years$25,719$15,987$9,585$5,585$3,187$1,691
42 years$24,826$15,226$8,991$5,155$2,892$1,506
43 years$23,977$14,507$8,437$4,758$2,625$1,341
44 years$23,169$13,828$7,919$4,394$2,383$1,194
45 years$22,399$13,186$7,436$4,058$2,163$1,064
46 years$21,664$12,579$6,984$3,748$1,964$947
47 years$20,963$12,005$6,561$3,463$1,783$844
48 years$20,293$11,460$6,166$3,200$1,619$752
49 years$19,652$10,944$5,796$2,957$1,471$670
50 years$19,039$10,454$5,449$2,733$1,336$597

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 $5,200 every year, while hoping to spend $42,509 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: 32/50/18 Blend
53$19,500,000$19,500,000$19,500,000$19,500,000
54$21,494,364$20,460,864$20,158,614$22,061,264
55$23,641,560$21,418,217$20,788,698$23,440,993
56$26,006,345$22,421,056$21,438,466$24,921,866
57$28,610,868$23,471,564$22,108,531$26,516,062
58$31,479,537$24,572,031$22,799,527$28,233,506
59$34,639,247$25,724,857$23,512,108$30,085,064
60$38,119,634$26,932,559$24,246,948$32,082,631
61$41,953,357$28,197,775$25,004,741$34,239,238
62$46,176,404$29,523,270$25,786,204$36,569,160
63$50,828,431$30,911,944$26,592,075$39,088,038
64$55,953,139$32,366,838$27,423,118$41,813,021
65$61,598,684$33,891,137$28,280,117$44,762,908
66$67,818,132$35,488,185$29,163,883$47,958,315
67$74,669,959$37,161,484$30,075,251$51,421,857
68$82,218,606$38,914,708$31,015,083$55,178,345
69$90,535,082$40,751,707$31,984,266$59,255,005
70$99,697,640$42,676,520$32,983,719$63,681,721
71$109,792,510$44,693,380$34,014,384$68,491,297
72$120,914,716$46,806,726$35,077,236$73,719,752
73$133,168,974$49,021,212$36,173,280$79,406,641
74$146,670,676$51,341,718$37,303,552$85,595,408
75$161,546,983$53,773,361$38,469,119$92,333,779
76$177,938,025$56,321,505$39,671,084$99,674,186
77$195,998,220$58,991,775$40,910,582$107,674,246
78$215,897,736$61,790,070$42,188,784$116,397,280
79$237,824,096$64,722,573$43,506,899$125,912,882
80$261,983,945$67,795,771$44,866,171$136,297,558
81$288,605,005$71,016,461$46,267,886$147,635,417
82$317,938,222$74,391,775$47,713,366$160,018,939
83$350,260,136$77,929,187$49,203,979$173,549,818
84$385,875,490$81,636,537$50,741,132$188,339,892
85$425,120,107$85,522,045$52,326,278$204,512,169
86$468,364,063$89,594,330$53,960,914$222,201,951
87$516,015,177$93,862,431$55,646,583$241,558,079
88$568,522,860$98,335,826$57,384,879$262,744,302
89$626,382,362$103,024,452$59,177,443$285,940,782
90$690,139,444$107,938,731$61,025,968$311,345,758
91$760,395,530$113,089,591$62,932,201$339,177,374
92$837,813,385$118,488,492$64,897,940$369,675,691
93$923,123,373$124,147,451$66,925,044$403,104,915
94$1,017,130,350$130,079,069$69,015,426$439,755,835
95$1,120,721,263$136,296,561$71,171,060$479,948,523
96$1,234,873,523$142,813,783$73,393,982$524,035,301
97$1,360,664,233$149,645,269$75,686,290$572,404,010
98$1,499,280,353$156,806,256$78,050,150$625,481,616
99$1,652,029,912$164,312,725$80,487,792$683,738,180
100$1,820,354,348$172,181,434$83,001,519$747,691,228