Can I retire at age 54 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,556,274
2 years$817,615$802,387$787,630$773,321$759,442$720,831
3 years$539,662$524,369$509,648$495,474$481,821$444,360
4 years$400,713$385,467$370,894$356,961$343,639$307,616
5 years$317,365$302,211$287,829$274,180$261,229$226,745
6 years$261,818$246,778$232,608$219,264$206,701$173,791
7 years$222,157$207,243$193,299$180,269$168,104$136,771
8 years$192,425$177,646$163,933$151,223$139,458$109,690
9 years$169,313$154,673$141,195$128,809$117,444$89,217
10 years$150,833$136,336$123,097$111,034$100,068$73,349
11 years$135,724$121,372$108,373$96,633$86,062$60,814
12 years$123,141$108,937$96,178$84,760$74,579$50,759
13 years$112,503$98,447$85,929$74,831$65,035$42,597
14 years$103,392$89,486$77,207$66,426$57,009$35,905
15 years$95,503$81,747$69,708$59,241$50,195$30,375
16 years$88,608$75,001$63,201$53,044$44,363$25,774
17 years$82,529$69,073$57,510$47,659$39,335$21,925
18 years$77,132$63,827$52,499$42,951$34,975$18,690
19 years$72,309$59,154$48,060$38,809$31,174$15,960
20 years$67,974$54,969$44,107$35,149$27,845$13,650
21 years$64,056$51,201$40,570$31,900$24,918$11,689
22 years$60,500$47,795$37,392$29,005$22,336$10,020
23 years$57,257$44,701$34,525$26,415$20,050$8,598
24 years$54,289$41,882$31,930$24,092$18,021$7,383
25 years$51,563$39,304$29,573$22,002$16,216$6,344
26 years$49,051$36,940$27,428$20,118$14,607$5,455
27 years$46,728$34,765$25,469$18,414$13,170$4,692
28 years$44,576$32,759$23,677$16,871$11,883$4,038
29 years$42,575$30,904$22,033$15,471$10,730$3,476
30 years$40,711$29,186$20,523$14,199$9,695$2,994
31 years$38,971$27,590$19,133$13,041$8,766$2,579
32 years$37,343$26,106$17,851$11,985$7,929$2,222
33 years$35,817$24,723$16,668$11,021$7,176$1,915
34 years$34,384$23,431$15,574$10,140$6,497$1,650
35 years$33,035$22,224$14,560$9,335$5,884$1,423
36 years$31,765$21,094$13,621$8,597$5,332$1,226
37 years$30,565$20,035$12,749$7,921$4,832$1,057
38 years$29,432$19,040$11,939$7,301$4,381$912
39 years$28,360$18,105$11,185$6,732$3,973$786
40 years$27,343$17,226$10,484$6,209$3,603$678
41 years$26,379$16,397$9,831$5,729$3,269$585
42 years$25,463$15,616$9,221$5,287$2,966$505
43 years$24,592$14,879$8,653$4,880$2,692$435
44 years$23,763$14,183$8,122$4,506$2,444$375
45 years$22,973$13,525$7,627$4,162$2,218$324
46 years$22,219$12,902$7,163$3,844$2,014$279
47 years$21,500$12,312$6,730$3,552$1,829$241
48 years$20,813$11,754$6,324$3,282$1,661$208
49 years$20,156$11,224$5,944$3,033$1,509$179
50 years$19,527$10,722$5,588$2,803$1,370$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $20,000,000, adding $2,051 every year, while hoping to spend $22,308 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: 41/40/19 Blend
53$20,000,000$20,000,000$20,000,000$20,000,000
54$22,042,116$20,982,116$20,672,116$22,822,301
55$24,266,676$21,986,504$21,340,896$24,381,920
56$26,717,394$23,039,359$22,031,333$26,066,610
57$29,417,313$24,143,033$22,744,128$27,889,610
58$32,391,829$25,299,992$23,480,006$29,863,570
59$35,668,925$26,512,821$24,239,716$32,002,367
60$39,279,439$27,784,232$25,024,030$34,321,222
61$43,257,352$29,117,070$25,833,745$36,836,840
62$47,640,111$30,514,316$26,669,684$39,567,553
63$52,468,983$31,979,098$27,532,699$42,533,486
64$57,789,441$33,514,696$28,423,667$45,756,732
65$63,651,598$35,124,549$29,343,494$49,261,555
66$70,110,675$36,812,267$30,293,115$53,074,603
67$77,227,527$38,581,630$31,273,497$57,225,148
68$85,069,212$40,436,608$32,285,637$61,745,349
69$93,709,631$42,381,361$33,330,565$66,670,544
70$103,230,218$44,420,252$34,409,343$72,039,567
71$113,720,714$46,557,859$35,523,070$77,895,101
72$125,280,013$48,798,980$36,672,879$84,284,063
73$138,017,094$51,148,649$37,859,940$91,258,036
74$152,052,050$53,612,146$39,085,461$98,873,731
75$167,517,224$56,195,006$40,350,689$107,193,511
76$184,558,456$58,903,036$41,656,912$116,285,961
77$203,336,459$61,742,325$43,005,459$126,226,509
78$224,028,339$64,719,261$44,397,703$137,098,124
79$246,829,265$67,840,540$45,835,062$148,992,078
80$271,954,312$71,113,188$47,318,998$162,008,780
81$299,640,490$74,544,573$48,851,023$176,258,704
82$330,148,984$78,142,420$50,432,696$191,863,407
83$363,767,616$81,914,835$52,065,627$208,956,650
84$400,813,568$85,870,317$53,751,480$227,685,636
85$441,636,368$90,017,779$55,491,972$248,212,365
86$486,621,199$94,366,571$57,288,874$270,715,141
87$536,192,527$98,926,499$59,144,016$295,390,222
88$590,818,113$103,707,845$61,059,289$322,453,636
89$651,013,428$108,721,398$63,036,643$352,143,194
90$717,346,519$113,978,468$65,078,092$384,720,693
91$790,443,372$119,490,920$67,185,716$420,474,351
92$870,993,820$125,271,200$69,361,662$459,721,495
93$959,758,059$131,332,357$71,608,146$502,811,505
94$1,057,573,820$137,688,082$73,927,458$550,129,081
95$1,165,364,282$144,352,731$76,321,961$602,097,821
96$1,284,146,787$151,341,363$78,794,095$659,184,178
97$1,415,042,441$158,669,771$81,346,378$721,901,812
98$1,559,286,701$166,354,520$83,981,413$790,816,389
99$1,718,241,038$174,412,986$86,701,884$866,550,868
100$1,893,405,791$182,863,389$89,510,564$949,791,320