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

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,547,430
2 years$805,350$790,351$775,815$761,721$748,050$724,452
3 years$531,567$516,503$502,004$488,042$474,594$451,607
4 years$394,702$379,685$365,330$351,607$338,484$316,286
5 years$312,605$297,677$283,511$270,068$257,310$235,965
6 years$257,891$243,076$229,119$215,975$203,601$183,133
7 years$218,825$204,135$190,399$177,565$165,582$145,999
8 years$189,539$174,981$161,474$148,955$137,366$118,665
9 years$166,773$152,353$139,077$126,877$115,682$97,853
10 years$148,571$134,291$121,251$109,369$98,567$81,596
11 years$133,688$119,552$106,747$95,184$84,771$68,641
12 years$121,294$107,303$94,735$83,489$73,461$58,153
13 years$110,815$96,971$84,640$73,708$64,059$49,552
14 years$101,841$88,144$76,049$65,430$56,154$42,424
15 years$94,071$80,521$68,662$58,352$49,442$36,465
16 years$87,278$73,876$62,253$52,248$43,697$31,447
17 years$81,291$68,037$56,647$46,944$38,745$27,196
18 years$75,975$62,870$51,712$42,306$34,450$23,575
19 years$71,225$58,267$47,339$38,227$30,706$20,478
20 years$66,954$54,144$43,446$34,622$27,427$17,819
21 years$63,095$50,433$39,962$31,422$24,544$15,528
22 years$59,592$47,078$36,831$28,570$22,001$13,550
23 years$56,398$44,031$34,007$26,019$19,749$11,836
24 years$53,475$41,254$31,451$23,731$17,751$10,349
25 years$50,790$38,715$29,130$21,672$15,973$9,057
26 years$48,315$36,386$27,016$19,816$14,388$7,932
27 years$46,027$34,243$25,087$18,138$12,972$6,951
28 years$43,907$32,267$23,322$16,618$11,705$6,095
29 years$41,936$30,440$21,703$15,239$10,569$5,347
30 years$40,101$28,748$20,215$13,986$9,550$4,692
31 years$38,387$27,176$18,846$12,845$8,634$4,119
32 years$36,783$25,714$17,584$11,805$7,810$3,618
33 years$35,280$24,352$16,418$10,856$7,068$3,178
34 years$33,868$23,080$15,340$9,988$6,399$2,793
35 years$32,540$21,891$14,342$9,195$5,796$2,454
36 years$31,288$20,778$13,416$8,468$5,252$2,158
37 years$30,107$19,734$12,558$7,802$4,760$1,897
38 years$28,991$18,754$11,760$7,191$4,315$1,668
39 years$27,934$17,834$11,017$6,631$3,913$1,467
40 years$26,933$16,967$10,327$6,116$3,549$1,290
41 years$25,983$16,151$9,683$5,643$3,220$1,135
42 years$25,081$15,382$9,083$5,208$2,922$998
43 years$24,223$14,656$8,523$4,807$2,652$878
44 years$23,406$13,970$8,001$4,439$2,407$773
45 years$22,628$13,322$7,512$4,099$2,185$680
46 years$21,886$12,708$7,056$3,787$1,984$598
47 years$21,178$12,128$6,629$3,498$1,802$527
48 years$20,501$11,577$6,229$3,233$1,636$463
49 years$19,854$11,056$5,855$2,987$1,486$408
50 years$19,234$10,561$5,505$2,761$1,350$359

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 $2,886 every year, while hoping to spend $54,325 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: 63/11/26 Blend
53$19,700,000$19,700,000$19,700,000$19,700,000
54$21,712,377$20,668,277$20,362,927$22,930,436
55$23,869,238$21,623,221$20,987,284$24,710,583
56$26,244,278$22,623,137$21,630,735$26,647,903
57$28,859,694$23,670,170$22,293,865$28,762,836
58$31,739,946$24,766,571$22,977,272$31,072,783
59$34,911,984$25,914,697$23,681,575$33,596,895
60$38,405,510$27,117,021$24,407,410$36,356,247
61$42,253,249$28,376,131$25,155,436$39,374,035
62$46,491,264$29,694,746$25,926,326$42,675,792
63$51,159,294$31,075,710$26,720,780$46,289,623
64$56,301,130$32,522,008$27,539,514$50,246,468
65$61,965,026$34,036,767$28,383,269$54,580,386
66$68,204,157$35,623,267$29,252,807$59,328,880
67$75,077,119$37,284,944$30,148,913$64,533,236
68$82,648,480$39,025,402$31,072,397$70,238,918
69$90,989,396$40,848,417$32,024,093$76,495,983
70$100,178,275$42,757,950$33,004,860$83,359,557
71$110,301,519$44,758,150$34,015,584$90,890,343
72$121,454,344$46,853,370$35,057,176$99,155,191
73$133,741,673$49,048,170$36,130,577$108,227,725
74$147,279,127$51,347,334$37,236,754$118,189,029
75$162,194,119$53,755,874$38,376,707$129,128,406
76$178,627,055$56,279,048$39,551,462$141,144,219
77$196,732,658$58,922,365$40,762,080$154,344,806
78$216,681,430$61,691,602$42,009,650$168,849,500
79$238,661,261$64,592,815$43,295,299$184,789,747
80$262,879,203$67,632,356$44,620,184$202,310,337
81$289,563,421$70,816,881$45,985,500$221,570,768
82$318,965,351$74,153,369$47,392,475$242,746,738
83$351,362,071$77,649,139$48,842,378$266,031,795
84$387,058,918$81,311,862$50,336,513$291,639,159
85$426,392,368$85,149,584$51,876,226$319,803,721
86$469,733,213$89,170,737$53,462,903$350,784,255
87$517,490,062$93,384,164$55,097,972$384,865,845
88$570,113,198$97,799,138$56,782,904$422,362,570
89$628,098,827$102,425,378$58,519,213$463,620,455
90$691,993,763$107,273,078$60,308,463$509,020,728
91$762,400,592$112,352,924$62,152,262$558,983,406
92$839,983,357$117,676,121$64,052,267$613,971,246
93$925,473,827$123,254,419$66,010,186$674,494,102
94$1,019,678,409$129,100,137$68,027,779$741,113,724
95$1,123,485,755$135,226,193$70,106,858$814,449,045
96$1,237,875,155$141,646,129$72,249,291$895,182,013
97$1,363,925,781$148,374,149$74,457,001$984,064,009
98$1,502,826,872$155,425,144$76,731,972$1,081,922,927
99$1,655,888,965$162,814,728$79,076,246$1,189,670,971
100$1,824,556,265$170,559,275$81,491,925$1,308,313,249