Can I retire at age 54 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,550,633
2 years$805,350$790,351$775,815$761,721$748,050$727,655
3 years$531,567$516,503$502,004$488,042$474,594$454,710
4 years$394,702$379,685$365,330$351,607$338,484$319,264
5 years$312,605$297,677$283,511$270,068$257,310$238,811
6 years$257,891$243,076$229,119$215,975$203,601$185,844
7 years$218,825$204,135$190,399$177,565$165,582$148,574
8 years$189,539$174,981$161,474$148,955$137,366$121,105
9 years$166,773$152,353$139,077$126,877$115,682$100,162
10 years$148,571$134,291$121,251$109,369$98,567$83,776
11 years$133,688$119,552$106,747$95,184$84,771$70,695
12 years$121,294$107,303$94,735$83,489$73,461$60,085
13 years$110,815$96,971$84,640$73,708$64,059$51,365
14 years$101,841$88,144$76,049$65,430$56,154$44,124
15 years$94,071$80,521$68,662$58,352$49,442$38,055
16 years$87,278$73,876$62,253$52,248$43,697$32,933
17 years$81,291$68,037$56,647$46,944$38,745$28,582
18 years$75,975$62,870$51,712$42,306$34,450$24,866
19 years$71,225$58,267$47,339$38,227$30,706$21,678
20 years$66,954$54,144$43,446$34,622$27,427$18,933
21 years$63,095$50,433$39,962$31,422$24,544$16,562
22 years$59,592$47,078$36,831$28,570$22,001$14,506
23 years$56,398$44,031$34,007$26,019$19,749$12,721
24 years$53,475$41,254$31,451$23,731$17,751$11,167
25 years$50,790$38,715$29,130$21,672$15,973$9,811
26 years$48,315$36,386$27,016$19,816$14,388$8,626
27 years$46,027$34,243$25,087$18,138$12,972$7,590
28 years$43,907$32,267$23,322$16,618$11,705$6,682
29 years$41,936$30,440$21,703$15,239$10,569$5,885
30 years$40,101$28,748$20,215$13,986$9,550$5,186
31 years$38,387$27,176$18,846$12,845$8,634$4,572
32 years$36,783$25,714$17,584$11,805$7,810$4,032
33 years$35,280$24,352$16,418$10,856$7,068$3,557
34 years$33,868$23,080$15,340$9,988$6,399$3,138
35 years$32,540$21,891$14,342$9,195$5,796$2,770
36 years$31,288$20,778$13,416$8,468$5,252$2,445
37 years$30,107$19,734$12,558$7,802$4,760$2,159
38 years$28,991$18,754$11,760$7,191$4,315$1,907
39 years$27,934$17,834$11,017$6,631$3,913$1,684
40 years$26,933$16,967$10,327$6,116$3,549$1,487
41 years$25,983$16,151$9,683$5,643$3,220$1,314
42 years$25,081$15,382$9,083$5,208$2,922$1,161
43 years$24,223$14,656$8,523$4,807$2,652$1,026
44 years$23,406$13,970$8,001$4,439$2,407$906
45 years$22,628$13,322$7,512$4,099$2,185$801
46 years$21,886$12,708$7,056$3,787$1,984$708
47 years$21,178$12,128$6,629$3,498$1,802$626
48 years$20,501$11,577$6,229$3,233$1,636$553
49 years$19,854$11,056$5,855$2,987$1,486$489
50 years$19,234$10,561$5,505$2,761$1,350$432

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $19,700,000, adding $3,319 every year, while hoping to spend $49,686 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: 77/16/7 Blend
53$19,700,000$19,700,000$19,700,000$19,700,000
54$21,712,824$20,668,724$20,363,374$23,366,122
55$23,874,666$21,628,625$20,992,681$25,412,164
56$26,255,351$22,633,897$21,641,405$27,648,075
57$28,877,149$23,686,710$22,310,144$30,098,011
58$31,764,597$24,789,338$22,999,513$32,783,222
59$34,944,738$25,944,168$23,710,149$35,727,098
60$38,447,368$27,153,699$24,442,706$38,955,392
61$42,305,322$28,420,552$25,197,859$42,496,452
62$46,554,781$29,747,476$25,976,303$46,381,494
63$51,235,616$31,137,349$26,778,757$50,644,883
64$56,391,762$32,593,193$27,605,958$55,324,461
65$62,071,634$34,118,171$28,458,669$60,461,897
66$68,328,582$35,715,602$29,337,676$66,103,073
67$75,221,395$37,388,965$30,243,786$72,298,519
68$82,814,860$39,141,907$31,177,836$79,103,879
69$91,180,366$40,978,251$32,140,684$86,580,436
70$100,396,583$42,902,005$33,133,216$94,795,681
71$110,550,203$44,917,371$34,156,347$103,823,946
72$121,736,756$47,028,755$35,211,017$113,747,101
73$134,061,517$49,240,775$36,298,198$124,655,321
74$147,640,492$51,558,274$37,418,888$136,647,929
75$162,601,522$53,986,329$38,574,120$149,834,327
76$179,085,480$56,530,262$39,764,956$164,335,024
77$197,247,607$59,195,653$40,992,491$180,282,765
78$217,258,977$61,988,354$42,257,853$197,823,775
79$239,308,109$64,914,499$43,562,207$217,119,134
80$263,602,746$67,980,520$44,906,751$238,346,288
81$290,371,820$71,193,160$46,292,721$261,700,717
82$319,867,611$74,559,489$47,721,392$287,397,767
83$352,368,124$78,086,921$49,194,076$315,674,680
84$388,179,722$81,783,229$50,712,126$346,792,817
85$427,640,009$85,656,563$52,276,938$381,040,119
86$471,121,022$89,715,467$53,889,948$418,733,812
87$519,032,744$93,968,903$55,552,639$460,223,395
88$571,826,969$98,426,264$57,266,538$505,893,921
89$630,001,571$103,097,402$59,033,217$556,169,623
90$694,105,202$107,992,645$60,854,301$611,517,906
91$764,742,472$113,122,825$62,731,460$672,453,745
92$842,579,658$118,499,297$64,666,418$739,544,534
93$928,350,991$124,133,970$66,660,951$813,415,425
94$1,022,865,589$130,039,331$68,716,889$894,755,214
95$1,127,015,093$136,228,473$70,836,119$984,322,831
96$1,241,782,090$142,715,125$73,020,586$1,082,954,484
97$1,368,249,380$149,513,684$75,272,293$1,191,571,535
98$1,507,610,209$156,639,246$77,593,307$1,311,189,184
99$1,661,179,522$164,107,641$79,985,755$1,442,926,027
100$1,830,406,387$171,935,469$82,451,831$1,588,014,601