Can I retire at age 54 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,541,619
2 years$813,526$798,375$783,691$769,454$755,645$710,424
3 years$536,964$521,747$507,100$492,997$479,412$435,621
4 years$398,709$383,539$369,039$355,176$341,921$299,896
5 years$315,778$300,700$286,390$272,810$259,923$219,779
6 years$260,509$245,544$231,445$218,168$205,668$167,443
7 years$221,047$206,207$192,332$179,368$167,263$130,956
8 years$191,463$176,758$163,113$150,467$138,761$104,352
9 years$168,466$153,899$140,489$128,165$116,857$84,312
10 years$150,079$135,655$122,482$110,479$99,568$68,843
11 years$135,045$120,765$107,831$96,150$85,632$56,677
12 years$122,526$108,393$95,697$84,337$74,207$46,966
13 years$111,940$97,955$85,499$74,457$64,710$39,123
14 years$102,875$89,039$76,821$66,094$56,724$32,729
15 years$95,026$81,338$69,359$58,944$49,944$27,475
16 years$88,165$74,626$62,885$52,778$44,141$23,130
17 years$82,117$68,728$57,222$47,421$39,138$19,519
18 years$76,747$63,508$52,237$42,736$34,800$16,505
19 years$71,948$58,858$47,820$38,615$31,018$13,979
20 years$67,634$54,694$43,887$34,974$27,706$11,856
21 years$63,736$50,945$40,367$31,741$24,794$10,067
22 years$60,197$47,556$37,205$28,860$22,224$8,556
23 years$56,971$44,478$34,352$26,283$19,950$7,279
24 years$54,018$41,673$31,770$23,972$17,931$6,196
25 years$51,305$39,108$29,425$21,892$16,135$5,278
26 years$48,805$36,755$27,290$20,017$14,534$4,498
27 years$46,495$34,591$25,342$18,322$13,104$3,835
28 years$44,353$32,595$23,558$16,787$11,824$3,270
29 years$42,362$30,749$21,923$15,394$10,676$2,790
30 years$40,508$29,040$20,420$14,128$9,647$2,381
31 years$38,776$27,452$19,037$12,975$8,722$2,032
32 years$37,157$25,975$17,762$11,925$7,889$1,735
33 years$35,638$24,599$16,585$10,966$7,140$1,482
34 years$34,212$23,314$15,496$10,090$6,464$1,265
35 years$32,870$22,113$14,487$9,288$5,855$1,081
36 years$31,606$20,989$13,553$8,554$5,305$923
37 years$30,413$19,934$12,685$7,881$4,808$789
38 years$29,285$18,945$11,879$7,264$4,359$674
39 years$28,218$18,015$11,129$6,698$3,953$576
40 years$27,206$17,139$10,432$6,178$3,585$492
41 years$26,247$16,315$9,781$5,700$3,253$420
42 years$25,336$15,538$9,175$5,260$2,952$359
43 years$24,469$14,805$8,610$4,856$2,679$307
44 years$23,644$14,112$8,082$4,484$2,431$262
45 years$22,858$13,457$7,589$4,141$2,207$224
46 years$22,108$12,837$7,127$3,825$2,004$192
47 years$21,393$12,251$6,696$3,534$1,820$164
48 years$20,709$11,695$6,292$3,265$1,653$140
49 years$20,055$11,168$5,914$3,018$1,501$120
50 years$19,429$10,668$5,560$2,789$1,363$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $19,900,000, adding $3,003 every year, while hoping to spend $39,784 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: 56/34/10 Blend
53$19,900,000$19,900,000$19,900,000$19,900,000
54$21,932,898$20,878,198$20,569,748$23,107,292
55$24,127,723$21,858,899$21,216,504$24,881,886
56$26,545,088$22,886,322$21,883,594$26,809,177
57$29,207,648$23,962,713$22,571,656$28,907,420
58$32,140,371$25,090,429$23,281,349$31,192,929
59$35,370,768$26,271,939$24,013,353$33,683,634
60$38,929,156$27,509,834$24,768,370$36,399,242
61$42,848,943$28,806,828$25,547,123$39,361,411
62$47,166,941$30,165,770$26,350,358$42,593,952
63$51,923,719$31,589,642$27,178,845$46,123,045
64$57,163,979$33,081,576$28,033,378$49,977,475
65$62,936,984$34,644,851$28,914,774$54,188,898
66$69,297,016$36,282,909$29,823,879$58,792,127
67$76,303,896$37,999,356$30,761,564$63,825,455
68$84,023,544$39,797,974$31,728,726$69,331,005
69$92,528,599$41,682,730$32,726,293$75,355,114
70$101,899,113$43,657,779$33,755,219$81,948,765
71$112,223,295$45,727,483$34,816,492$89,168,051
72$123,598,354$47,896,413$35,911,127$97,074,697
73$136,131,409$50,169,361$37,040,174$105,736,627
74$149,940,506$52,551,353$38,204,713$115,228,593
75$165,155,728$55,047,659$39,405,861$125,632,867
76$181,920,422$57,663,804$40,644,767$137,040,002
77$200,392,558$60,405,583$41,922,620$149,549,673
78$220,746,214$63,279,072$43,240,642$163,271,601
79$243,173,222$66,290,640$44,600,098$178,326,571
80$267,884,977$69,446,968$46,002,288$194,847,558
81$295,114,436$72,755,061$47,448,556$212,980,962
82$325,118,314$76,222,264$48,940,288$232,887,968
83$358,179,506$79,856,280$50,478,912$254,746,054
84$394,609,763$83,665,185$52,065,902$278,750,638
85$434,752,628$87,657,448$53,702,779$305,116,908
86$478,986,685$91,841,951$55,391,111$334,081,824
87$527,729,128$96,228,008$57,132,514$365,906,334
88$581,439,702$100,825,384$58,928,657$400,877,813
89$640,625,045$105,644,321$60,781,260$439,312,746
90$705,843,465$110,695,558$62,692,098$481,559,693
91$777,710,216$115,990,358$64,663,001$528,002,543
92$856,903,304$121,540,531$66,695,857$579,064,115
93$944,169,885$127,358,462$68,792,612$635,210,115
94$1,040,333,325$133,457,138$70,955,277$696,953,496
95$1,146,300,966$139,850,180$73,185,920$764,859,271
96$1,263,072,697$146,551,871$75,486,681$839,549,805
97$1,391,750,388$153,577,188$77,859,761$921,710,657
98$1,533,548,299$160,941,842$80,307,434$1,012,097,006
99$1,689,804,537$168,662,303$82,832,044$1,111,540,744
100$1,861,993,691$176,755,848$85,436,009$1,220,958,281