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%19.1%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,513,363
2 years$805,350$790,351$775,815$761,721$748,050$690,718
3 years$531,567$516,503$502,004$488,042$474,594$419,274
4 years$394,702$379,685$365,330$351,607$338,484$285,600
5 years$312,605$297,677$283,511$270,068$257,310$206,999
6 years$257,891$243,076$229,119$215,975$203,601$155,898
7 years$218,825$204,135$190,399$177,565$165,582$120,476
8 years$189,539$174,981$161,474$148,955$137,366$94,818
9 years$166,773$152,353$139,077$126,877$115,682$75,633
10 years$148,571$134,291$121,251$109,369$98,567$60,947
11 years$133,688$119,552$106,747$95,184$84,771$49,499
12 years$121,294$107,303$94,735$83,489$73,461$40,450
13 years$110,815$96,971$84,640$73,708$64,059$33,217
14 years$101,841$88,144$76,049$65,430$56,154$27,386
15 years$94,071$80,521$68,662$58,352$49,442$22,650
16 years$87,278$73,876$62,253$52,248$43,697$18,781
17 years$81,291$68,037$56,647$46,944$38,745$15,607
18 years$75,975$62,870$51,712$42,306$34,450$12,991
19 years$71,225$58,267$47,339$38,227$30,706$10,830
20 years$66,954$54,144$43,446$34,622$27,427$9,039
21 years$63,095$50,433$39,962$31,422$24,544$7,551
22 years$59,592$47,078$36,831$28,570$22,001$6,314
23 years$56,398$44,031$34,007$26,019$19,749$5,283
24 years$53,475$41,254$31,451$23,731$17,751$4,423
25 years$50,790$38,715$29,130$21,672$15,973$3,704
26 years$48,315$36,386$27,016$19,816$14,388$3,104
27 years$46,027$34,243$25,087$18,138$12,972$2,602
28 years$43,907$32,267$23,322$16,618$11,705$2,181
29 years$41,936$30,440$21,703$15,239$10,569$1,829
30 years$40,101$28,748$20,215$13,986$9,550$1,534
31 years$38,387$27,176$18,846$12,845$8,634$1,287
32 years$36,783$25,714$17,584$11,805$7,810$1,080
33 years$35,280$24,352$16,418$10,856$7,068$906
34 years$33,868$23,080$15,340$9,988$6,399$761
35 years$32,540$21,891$14,342$9,195$5,796$638
36 years$31,288$20,778$13,416$8,468$5,252$536
37 years$30,107$19,734$12,558$7,802$4,760$450
38 years$28,991$18,754$11,760$7,191$4,315$377
39 years$27,934$17,834$11,017$6,631$3,913$317
40 years$26,933$16,967$10,327$6,116$3,549$266
41 years$25,983$16,151$9,683$5,643$3,220$223
42 years$25,081$15,382$9,083$5,208$2,922$187
43 years$24,223$14,656$8,523$4,807$2,652$157
44 years$23,406$13,970$8,001$4,439$2,407$132
45 years$22,628$13,322$7,512$4,099$2,185$111
46 years$21,886$12,708$7,056$3,787$1,984$93
47 years$21,178$12,128$6,629$3,498$1,802$78
48 years$20,501$11,577$6,229$3,233$1,636$66
49 years$19,854$11,056$5,855$2,987$1,486$55
50 years$19,234$10,561$5,505$2,761$1,350$46

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 $4,652 every year, while hoping to spend $51,407 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: 39/41/20 Blend
53$19,700,000$19,700,000$19,700,000$19,700,000
54$21,714,199$20,670,099$20,364,749$22,431,405
55$23,874,350$21,628,237$20,992,271$23,905,550
56$26,253,114$22,631,601$21,639,092$25,493,245
57$28,872,735$23,682,352$22,305,805$27,208,951
58$31,757,724$24,782,758$22,993,020$29,064,304
59$34,935,091$25,935,192$23,701,365$31,072,064
60$38,434,599$27,142,145$24,431,489$33,246,228
61$42,289,044$28,406,226$25,184,061$35,602,151
62$46,534,568$29,730,173$25,959,768$38,156,685
63$51,210,995$31,116,852$26,759,321$40,928,326
64$56,362,209$32,569,270$27,583,450$43,937,380
65$62,036,569$34,090,579$28,432,911$47,206,141
66$68,287,364$35,684,083$29,308,478$50,759,094
67$75,173,317$37,353,244$30,210,954$54,623,132
68$82,759,137$39,101,695$31,141,163$58,827,798
69$91,116,133$40,933,242$32,099,956$63,405,551
70$100,322,882$42,851,875$33,088,208$68,392,062
71$110,465,976$44,861,777$34,106,824$73,826,530
72$121,640,836$46,967,334$35,156,732$79,752,045
73$133,952,613$49,173,145$36,238,894$86,215,975
74$147,517,180$51,484,029$37,354,297$93,270,397
75$162,462,226$53,905,041$38,503,961$100,972,574
76$178,928,464$56,441,478$39,688,934$109,385,477
77$197,070,953$59,098,897$40,910,299$118,578,361
78$217,060,567$61,883,120$42,169,171$128,627,400
79$239,085,606$64,800,254$43,466,699$139,616,385
80$263,353,572$67,856,700$44,804,068$151,637,494
81$290,093,130$71,059,172$46,182,497$164,792,142
82$319,556,263$74,414,705$47,603,245$179,191,914
83$352,020,656$77,930,679$49,067,607$194,959,595
84$387,792,310$81,614,830$50,576,920$212,230,301
85$427,208,438$85,475,269$52,132,559$231,152,733
86$470,640,642$89,520,501$53,735,943$251,890,550
87$518,498,425$93,759,443$55,388,535$274,623,886
88$571,233,054$98,201,445$57,091,840$299,551,017
89$629,341,820$102,856,311$58,847,411$326,890,210
90$693,372,735$107,734,319$60,656,849$356,881,739
91$763,929,701$112,846,248$62,521,800$389,790,126
92$841,678,216$118,203,399$64,443,966$425,906,602
93$927,351,651$123,817,623$66,425,096$465,551,814
94$1,021,758,178$129,701,345$68,466,996$509,078,814
95$1,125,788,396$135,867,594$70,571,523$556,876,354
96$1,240,423,738$142,330,032$72,740,595$609,372,505
97$1,366,745,741$149,102,985$74,976,186$667,038,660
98$1,505,946,249$156,201,474$77,280,331$730,393,933
99$1,659,338,671$163,641,251$79,655,127$800,010,007
100$1,828,370,376$171,438,834$82,102,735$876,516,485