Can I retire at age 54 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,546,609
2 years$801,262$786,339$771,877$757,855$744,253$727,816
3 years$528,869$513,882$499,455$485,565$472,185$456,143
4 years$392,699$377,757$363,476$349,822$336,766$321,243
5 years$311,018$296,166$282,072$268,697$256,004$241,045
6 years$256,582$241,842$227,956$214,879$202,567$188,191
7 years$217,714$203,099$189,433$176,664$164,742$150,954
8 years$188,577$174,093$160,654$148,199$136,669$123,469
9 years$165,926$151,579$138,371$126,233$115,095$102,478
10 years$147,817$133,610$120,635$108,814$98,067$86,025
11 years$133,009$118,945$106,205$94,701$84,341$72,864
12 years$120,678$106,759$94,254$83,065$73,088$62,165
13 years$110,253$96,479$84,210$73,334$63,734$53,352
14 years$101,324$87,696$75,663$65,098$55,869$46,013
15 years$93,593$80,112$68,314$58,056$49,191$39,846
16 years$86,835$73,501$61,936$51,983$43,475$34,626
17 years$80,879$67,692$56,360$46,706$38,548$30,178
18 years$75,590$62,550$51,449$42,092$34,275$26,368
19 years$70,863$57,971$47,099$38,033$30,550$23,088
20 years$66,614$53,870$43,225$34,446$27,288$20,254
21 years$62,775$50,177$39,759$31,262$24,420$17,796
22 years$59,290$46,839$36,644$28,425$21,889$15,659
23 years$56,112$43,807$33,834$25,887$19,649$13,795
24 years$53,204$41,045$31,291$23,610$17,661$12,166
25 years$50,532$38,518$28,982$21,562$15,892$10,739
26 years$48,070$36,201$26,879$19,715$14,315$9,487
27 years$45,794$34,069$24,960$18,046$12,906$8,387
28 years$43,684$32,103$23,203$16,534$11,645$7,420
29 years$41,724$30,286$21,592$15,162$10,516$6,567
30 years$39,897$28,602$20,113$13,915$9,501$5,815
31 years$38,192$27,038$18,750$12,780$8,590$5,152
32 years$36,596$25,584$17,494$11,745$7,770$4,566
33 years$35,101$24,228$16,335$10,800$7,032$4,048
34 years$33,696$22,963$15,262$9,937$6,367$3,590
35 years$32,375$21,780$14,269$9,148$5,767$3,185
36 years$31,129$20,672$13,348$8,425$5,225$2,826
37 years$29,954$19,634$12,494$7,763$4,736$2,508
38 years$28,843$18,659$11,700$7,155$4,293$2,226
39 years$27,792$17,743$10,962$6,597$3,893$1,976
40 years$26,796$16,881$10,274$6,085$3,531$1,754
41 years$25,851$16,069$9,634$5,614$3,204$1,558
42 years$24,954$15,304$9,037$5,181$2,907$1,384
43 years$24,100$14,581$8,480$4,783$2,638$1,229
44 years$23,288$13,899$7,960$4,416$2,395$1,092
45 years$22,513$13,254$7,474$4,078$2,174$970
46 years$21,775$12,644$7,020$3,767$1,974$861
47 years$21,070$12,066$6,595$3,481$1,792$765
48 years$20,397$11,519$6,198$3,216$1,628$680
49 years$19,753$11,000$5,825$2,972$1,478$604
50 years$19,136$10,507$5,477$2,747$1,343$537

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $19,600,000, adding $5,242 every year, while hoping to spend $20,900 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: 77/15/8 Blend
53$19,600,000$19,600,000$19,600,000$19,600,000
54$21,604,607$20,565,807$20,262,007$23,243,187
55$23,786,040$21,551,294$20,918,547$25,306,017
56$26,189,278$22,584,370$21,596,380$27,563,921
57$28,836,924$23,667,343$22,296,199$30,038,885
58$31,753,884$24,802,637$23,018,715$32,752,485
59$34,967,606$25,992,792$23,764,668$35,728,470
60$38,508,334$27,240,471$24,534,817$38,992,988
61$42,409,398$28,548,469$25,329,948$42,574,825
62$46,707,528$29,919,715$26,150,872$46,505,674
63$51,443,196$31,357,281$26,998,426$50,820,432
64$56,661,005$32,864,391$27,873,476$55,557,524
65$62,410,104$34,444,422$28,776,914$60,759,260
66$68,744,656$36,100,921$29,709,662$66,472,235
67$75,724,347$37,837,602$30,672,672$72,747,758
68$83,414,950$39,658,364$31,666,927$79,642,335
69$91,888,947$41,567,296$32,693,440$87,218,195
70$101,226,210$43,568,683$33,753,261$95,543,876
71$111,514,758$45,667,024$34,847,470$104,694,863
72$122,851,587$47,867,032$35,977,184$114,754,294
73$135,343,587$50,173,654$37,143,557$125,813,743
74$149,108,546$52,592,076$38,347,780$137,974,074
75$164,276,268$55,127,739$39,591,081$151,346,387
76$180,989,796$57,786,346$40,874,730$166,053,063
77$199,406,759$60,573,882$42,200,038$182,228,908
78$219,700,867$63,496,620$43,568,358$200,022,419
79$242,063,545$66,561,144$44,981,088$219,597,179
80$266,705,741$69,774,355$46,439,669$241,133,393
81$293,859,921$73,143,492$47,945,591$264,829,578
82$323,782,257$76,676,148$49,500,393$290,904,431
83$356,755,054$80,380,285$51,105,663$319,598,881
84$393,089,406$84,264,256$52,763,040$351,178,355
85$433,128,141$88,336,820$54,474,217$385,935,274
86$477,249,051$92,607,163$56,240,942$424,191,799
87$525,868,461$97,084,922$58,065,021$466,302,866
88$579,445,161$101,780,200$59,948,316$512,659,519
89$638,484,736$106,703,598$61,892,753$563,692,595
90$703,544,336$111,866,231$63,900,317$619,876,772
91$775,237,941$117,279,760$65,973,061$681,735,041
92$854,242,155$122,956,412$68,113,102$749,843,626
93$941,302,592$128,909,013$70,322,628$824,837,410
94$1,037,240,917$135,151,016$72,603,897$907,415,913
95$1,142,962,604$141,696,528$74,959,241$998,349,876
96$1,259,465,480$148,560,349$77,391,066$1,098,488,527
97$1,387,849,152$155,757,999$79,901,859$1,208,767,572
98$1,529,325,381$163,305,756$82,494,187$1,330,218,013
99$1,685,229,527$171,220,696$85,170,700$1,463,975,863
100$1,857,033,155$179,520,726$87,934,134$1,611,292,846