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

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 $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%18.3%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,541,310
2 years$817,615$802,387$787,630$773,321$759,442$706,051
3 years$539,662$524,369$509,648$495,474$481,821$430,234
4 years$400,713$385,467$370,894$356,961$343,639$294,251
5 years$317,365$302,211$287,829$274,180$261,229$214,170
6 years$261,818$246,778$232,608$219,264$206,701$162,011
7 years$222,157$207,243$193,299$180,269$168,104$125,774
8 years$192,425$177,646$163,933$151,223$139,458$99,457
9 years$169,313$154,673$141,195$128,809$117,444$79,723
10 years$150,833$136,336$123,097$111,034$100,068$64,568
11 years$135,724$121,372$108,373$96,633$86,062$52,713
12 years$123,141$108,937$96,178$84,760$74,579$43,307
13 years$112,503$98,447$85,929$74,831$65,035$35,758
14 years$103,392$89,486$77,207$66,426$57,009$29,645
15 years$95,503$81,747$69,708$59,241$50,195$24,659
16 years$88,608$75,001$63,201$53,044$44,363$20,566
17 years$82,529$69,073$57,510$47,659$39,335$17,191
18 years$77,132$63,827$52,499$42,951$34,975$14,396
19 years$72,309$59,154$48,060$38,809$31,174$12,074
20 years$67,974$54,969$44,107$35,149$27,845$10,139
21 years$64,056$51,201$40,570$31,900$24,918$8,523
22 years$60,500$47,795$37,392$29,005$22,336$7,171
23 years$57,257$44,701$34,525$26,415$20,050$6,038
24 years$54,289$41,882$31,930$24,092$18,021$5,087
25 years$51,563$39,304$29,573$22,002$16,216$4,288
26 years$49,051$36,940$27,428$20,118$14,607$3,616
27 years$46,728$34,765$25,469$18,414$13,170$3,051
28 years$44,576$32,759$23,677$16,871$11,883$2,575
29 years$42,575$30,904$22,033$15,471$10,730$2,173
30 years$40,711$29,186$20,523$14,199$9,695$1,835
31 years$38,971$27,590$19,133$13,041$8,766$1,550
32 years$37,343$26,106$17,851$11,985$7,929$1,309
33 years$35,817$24,723$16,668$11,021$7,176$1,105
34 years$34,384$23,431$15,574$10,140$6,497$934
35 years$33,035$22,224$14,560$9,335$5,884$789
36 years$31,765$21,094$13,621$8,597$5,332$667
37 years$30,565$20,035$12,749$7,921$4,832$563
38 years$29,432$19,040$11,939$7,301$4,381$476
39 years$28,360$18,105$11,185$6,732$3,973$402
40 years$27,343$17,226$10,484$6,209$3,603$340
41 years$26,379$16,397$9,831$5,729$3,269$287
42 years$25,463$15,616$9,221$5,287$2,966$243
43 years$24,592$14,879$8,653$4,880$2,692$205
44 years$23,763$14,183$8,122$4,506$2,444$173
45 years$22,973$13,525$7,627$4,162$2,218$147
46 years$22,219$12,902$7,163$3,844$2,014$124
47 years$21,500$12,312$6,730$3,552$1,829$105
48 years$20,813$11,754$6,324$3,282$1,661$89
49 years$20,156$11,224$5,944$3,033$1,509$75
50 years$19,527$10,722$5,588$2,803$1,370$63

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 $4,708 every year, while hoping to spend $56,793 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: 74/11/15 Blend
53$20,000,000$20,000,000$20,000,000$20,000,000
54$22,044,856$20,984,856$20,674,856$23,603,284
55$24,233,004$21,952,687$21,307,037$25,602,965
56$26,642,440$22,966,038$21,958,492$27,785,897
57$29,295,675$24,027,079$22,629,807$30,176,230
58$32,217,514$25,138,087$23,321,586$32,794,548
59$35,435,292$26,301,445$24,034,451$35,663,512
60$38,979,128$27,519,652$24,769,041$38,808,074
61$42,882,213$28,795,329$25,526,018$42,255,703
62$47,181,120$30,131,221$26,306,061$46,036,647
63$51,916,151$31,530,207$27,109,870$50,184,213
64$57,131,715$32,995,304$27,938,167$54,735,075
65$62,876,750$34,529,674$28,791,696$59,729,621
66$69,205,183$36,136,633$29,671,223$65,212,331
67$76,176,439$37,819,655$30,577,536$71,232,186
68$83,856,001$39,582,384$31,511,449$77,843,134
69$92,316,031$41,428,638$32,473,800$85,104,590
70$101,636,044$43,362,420$33,465,450$93,081,997
71$111,903,668$45,387,926$34,487,291$101,847,434
72$123,215,464$47,509,555$35,540,236$111,480,293
73$135,677,837$49,731,920$36,625,230$122,068,026
74$149,408,046$52,059,853$37,743,245$133,706,963
75$164,535,305$54,498,425$38,895,282$146,503,216
76$181,202,005$57,052,946$40,082,373$160,573,676
77$199,565,058$59,728,989$41,305,581$176,047,108
78$219,797,376$62,532,392$42,566,000$193,065,364
79$242,089,506$65,469,277$43,864,759$211,784,711
80$266,651,427$68,546,062$45,203,019$232,377,304
81$293,714,530$71,769,477$46,581,978$255,032,801
82$323,533,807$75,146,576$48,002,869$279,960,148
83$356,390,252$78,684,755$49,466,962$307,389,542
84$392,593,519$82,391,769$50,975,566$337,574,595
85$432,484,839$86,275,747$52,530,029$370,794,724
86$476,440,249$90,345,214$54,131,740$407,357,776
87$524,874,131$94,609,107$55,782,131$447,602,929
88$578,243,134$99,076,795$57,482,674$491,903,878
89$637,050,479$103,758,103$59,234,889$540,672,359
90$701,850,709$108,663,331$61,040,338$594,362,024
91$773,254,926$113,803,279$62,900,635$653,472,711
92$851,936,560$119,189,271$64,817,438$718,555,151
93$938,637,724$124,833,181$66,792,457$790,216,159
94$1,034,176,221$130,747,456$68,827,454$869,124,348
95$1,139,453,265$136,945,150$70,924,242$956,016,426
96$1,255,461,986$143,439,951$73,084,692$1,051,704,142
97$1,383,296,808$150,246,207$75,310,729$1,157,081,931
98$1,524,163,779$157,378,968$77,604,335$1,273,135,346
99$1,679,391,958$164,854,011$79,967,554$1,400,950,345
100$1,850,445,961$172,687,881$82,402,490$1,541,723,529