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%12.5%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,554,500
2 years$805,350$790,351$775,815$761,721$748,050$731,530
3 years$531,567$516,503$502,004$488,042$474,594$458,470
4 years$394,702$379,685$365,330$351,607$338,484$322,882
5 years$312,605$297,677$283,511$270,068$257,310$242,275
6 years$257,891$243,076$229,119$215,975$203,601$189,151
7 years$218,825$204,135$190,399$177,565$165,582$151,724
8 years$189,539$174,981$161,474$148,955$137,366$124,099
9 years$166,773$152,353$139,077$126,877$115,682$103,001
10 years$148,571$134,291$121,251$109,369$98,567$86,464
11 years$133,688$119,552$106,747$95,184$84,771$73,236
12 years$121,294$107,303$94,735$83,489$73,461$62,482
13 years$110,815$96,971$84,640$73,708$64,059$53,624
14 years$101,841$88,144$76,049$65,430$56,154$46,247
15 years$94,071$80,521$68,662$58,352$49,442$40,050
16 years$87,278$73,876$62,253$52,248$43,697$34,803
17 years$81,291$68,037$56,647$46,944$38,745$30,332
18 years$75,975$62,870$51,712$42,306$34,450$26,502
19 years$71,225$58,267$47,339$38,227$30,706$23,206
20 years$66,954$54,144$43,446$34,622$27,427$20,357
21 years$63,095$50,433$39,962$31,422$24,544$17,887
22 years$59,592$47,078$36,831$28,570$22,001$15,739
23 years$56,398$44,031$34,007$26,019$19,749$13,865
24 years$53,475$41,254$31,451$23,731$17,751$12,228
25 years$50,790$38,715$29,130$21,672$15,973$10,794
26 years$48,315$36,386$27,016$19,816$14,388$9,535
27 years$46,027$34,243$25,087$18,138$12,972$8,430
28 years$43,907$32,267$23,322$16,618$11,705$7,457
29 years$41,936$30,440$21,703$15,239$10,569$6,601
30 years$40,101$28,748$20,215$13,986$9,550$5,845
31 years$38,387$27,176$18,846$12,845$8,634$5,178
32 years$36,783$25,714$17,584$11,805$7,810$4,589
33 years$35,280$24,352$16,418$10,856$7,068$4,069
34 years$33,868$23,080$15,340$9,988$6,399$3,608
35 years$32,540$21,891$14,342$9,195$5,796$3,201
36 years$31,288$20,778$13,416$8,468$5,252$2,840
37 years$30,107$19,734$12,558$7,802$4,760$2,520
38 years$28,991$18,754$11,760$7,191$4,315$2,237
39 years$27,934$17,834$11,017$6,631$3,913$1,986
40 years$26,933$16,967$10,327$6,116$3,549$1,763
41 years$25,983$16,151$9,683$5,643$3,220$1,566
42 years$25,081$15,382$9,083$5,208$2,922$1,391
43 years$24,223$14,656$8,523$4,807$2,652$1,235
44 years$23,406$13,970$8,001$4,439$2,407$1,097
45 years$22,628$13,322$7,512$4,099$2,185$975
46 years$21,886$12,708$7,056$3,787$1,984$866
47 years$21,178$12,128$6,629$3,498$1,802$769
48 years$20,501$11,577$6,229$3,233$1,636$683
49 years$19,854$11,056$5,855$2,987$1,486$607
50 years$19,234$10,561$5,505$2,761$1,350$540

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 $2,758 every year, while hoping to spend $42,406 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: 80/8/12 Blend
53$19,700,000$19,700,000$19,700,000$19,700,000
54$21,712,245$20,668,145$20,362,795$23,401,125
55$23,881,774$21,635,764$20,999,829$25,478,284
56$26,271,174$22,649,376$21,656,782$27,751,444
57$28,902,827$23,711,188$22,334,277$30,244,771
58$31,801,396$24,823,517$23,032,957$32,980,282
59$34,994,060$25,988,791$23,753,482$35,982,223
60$38,510,766$27,209,553$24,496,535$39,277,295
61$42,384,516$28,488,474$25,262,821$42,894,903
62$46,651,677$29,828,349$26,053,066$46,867,434
63$51,352,323$31,232,113$26,868,018$51,230,556
64$56,530,612$32,702,839$27,708,450$56,023,553
65$62,235,209$34,243,753$28,575,157$61,289,696
66$68,519,736$35,858,233$29,468,961$67,076,646
67$75,443,286$37,549,823$30,390,708$73,436,900
68$83,070,976$39,322,239$31,341,272$80,428,286
69$91,474,564$41,179,376$32,321,552$88,114,504
70$100,733,123$43,125,320$33,332,478$96,565,725
71$110,933,792$45,164,351$34,375,006$105,859,247
72$122,172,595$47,300,960$35,450,125$116,080,226
73$134,555,348$49,539,855$36,558,852$127,322,469
74$148,198,658$51,885,973$37,702,238$139,689,322
75$163,231,023$54,344,487$38,881,365$153,294,638
76$179,794,047$56,920,827$40,097,351$168,263,850
77$198,043,773$59,620,681$41,351,345$184,735,144
78$218,152,159$62,450,016$42,644,537$202,860,769
79$240,308,700$65,415,087$43,978,150$222,808,459
80$264,722,217$68,522,456$45,353,447$244,763,018
81$291,622,826$71,778,999$46,771,731$268,928,056
82$321,264,114$75,191,930$48,234,344$295,527,907
83$353,925,530$78,768,811$49,742,670$324,809,740
84$389,915,024$82,517,572$51,298,139$357,045,886
85$429,571,952$86,446,529$52,902,222$392,536,403
86$473,270,283$90,564,401$54,556,439$431,611,902
87$521,422,126$94,880,331$56,262,354$474,636,660
88$574,481,623$99,403,907$58,021,583$522,012,054
89$632,949,234$104,145,184$59,835,791$574,180,340
90$697,376,461$109,114,703$61,706,696$631,628,821
91$768,371,058$114,323,521$63,636,067$694,894,438
92$846,602,762$119,783,230$65,625,732$764,568,834
93$932,809,622$125,505,987$67,677,573$841,303,927
94$1,027,804,964$131,504,540$69,793,532$925,818,053
95$1,132,485,067$137,792,259$71,975,611$1,018,902,745
96$1,247,837,626$144,383,162$74,225,876$1,121,430,188
97$1,374,951,077$151,291,950$76,546,456$1,234,361,444
98$1,515,024,871$158,534,040$78,939,547$1,358,755,516
99$1,669,380,799$166,125,600$81,407,413$1,495,779,334
100$1,839,475,469$174,083,582$83,952,390$1,646,718,755