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%12.4%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,578,830
2 years$817,615$802,387$787,630$773,321$759,442$743,329
3 years$539,662$524,369$509,648$495,474$481,821$466,092
4 years$400,713$385,467$370,894$356,961$343,639$328,416
5 years$317,365$302,211$287,829$274,180$261,229$246,556
6 years$261,818$246,778$232,608$219,264$206,701$192,597
7 years$222,157$207,243$193,299$180,269$168,104$154,574
8 years$192,425$177,646$163,933$151,223$139,458$126,503
9 years$169,313$154,673$141,195$128,809$117,444$105,058
10 years$150,833$136,336$123,097$111,034$100,068$88,244
11 years$135,724$121,372$108,373$96,633$86,062$74,790
12 years$123,141$108,937$96,178$84,760$74,579$63,848
13 years$112,503$98,447$85,929$74,831$65,035$54,831
14 years$103,392$89,486$77,207$66,426$57,009$47,320
15 years$95,503$81,747$69,708$59,241$50,195$41,007
16 years$88,608$75,001$63,201$53,044$44,363$35,659
17 years$82,529$69,073$57,510$47,659$39,335$31,100
18 years$77,132$63,827$52,499$42,951$34,975$27,192
19 years$72,309$59,154$48,060$38,809$31,174$23,827
20 years$67,974$54,969$44,107$35,149$27,845$20,918
21 years$64,056$51,201$40,570$31,900$24,918$18,393
22 years$60,500$47,795$37,392$29,005$22,336$16,196
23 years$57,257$44,701$34,525$26,415$20,050$14,279
24 years$54,289$41,882$31,930$24,092$18,021$12,603
25 years$51,563$39,304$29,573$22,002$16,216$11,133
26 years$49,051$36,940$27,428$20,118$14,607$9,843
27 years$46,728$34,765$25,469$18,414$13,170$8,709
28 years$44,576$32,759$23,677$16,871$11,883$7,710
29 years$42,575$30,904$22,033$15,471$10,730$6,830
30 years$40,711$29,186$20,523$14,199$9,695$6,053
31 years$38,971$27,590$19,133$13,041$8,766$5,367
32 years$37,343$26,106$17,851$11,985$7,929$4,761
33 years$35,817$24,723$16,668$11,021$7,176$4,224
34 years$34,384$23,431$15,574$10,140$6,497$3,749
35 years$33,035$22,224$14,560$9,335$5,884$3,329
36 years$31,765$21,094$13,621$8,597$5,332$2,956
37 years$30,565$20,035$12,749$7,921$4,832$2,625
38 years$29,432$19,040$11,939$7,301$4,381$2,332
39 years$28,360$18,105$11,185$6,732$3,973$2,072
40 years$27,343$17,226$10,484$6,209$3,603$1,841
41 years$26,379$16,397$9,831$5,729$3,269$1,637
42 years$25,463$15,616$9,221$5,287$2,966$1,455
43 years$24,592$14,879$8,653$4,880$2,692$1,293
44 years$23,763$14,183$8,122$4,506$2,444$1,150
45 years$22,973$13,525$7,627$4,162$2,218$1,022
46 years$22,219$12,902$7,163$3,844$2,014$909
47 years$21,500$12,312$6,730$3,552$1,829$808
48 years$20,813$11,754$6,324$3,282$1,661$719
49 years$20,156$11,224$5,944$3,033$1,509$639
50 years$19,527$10,722$5,588$2,803$1,370$568

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 $4,430 every year, while hoping to spend $31,608 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: 50/42/8 Blend
53$20,000,000$20,000,000$20,000,000$20,000,000
54$22,044,570$20,984,570$20,674,570$23,100,974
55$24,259,485$21,979,183$21,333,537$24,816,919
56$26,699,262$23,021,473$22,013,520$26,676,748
57$29,386,804$24,113,742$22,715,191$28,696,911
58$32,347,349$25,258,406$23,439,240$30,892,435
59$35,608,705$26,457,995$24,186,381$33,279,817
60$39,201,522$27,715,165$24,957,353$35,877,176
61$43,159,568$29,032,699$25,752,916$38,704,408
62$47,520,059$30,413,516$26,573,853$41,783,368
63$52,324,004$31,860,677$27,420,976$45,138,070
64$57,616,593$33,377,391$28,295,120$48,794,896
65$63,447,626$34,967,024$29,197,147$52,782,839
66$69,871,980$36,633,105$30,127,948$57,133,766
67$76,950,128$38,379,333$31,088,440$61,882,703
68$84,748,710$40,209,589$32,079,572$67,068,157
69$93,341,162$42,127,943$33,102,321$72,732,465
70$102,808,409$44,138,660$34,157,697$78,922,179
71$113,239,628$46,246,216$35,246,741$85,688,495
72$124,733,091$48,455,301$36,370,528$93,087,717
73$137,397,093$50,770,838$37,530,168$101,181,773
74$151,350,972$53,197,984$38,726,803$110,038,787
75$166,726,236$55,742,151$39,961,617$119,733,703
76$183,667,808$58,409,011$41,235,827$130,348,973
77$202,335,388$61,204,517$42,550,690$141,975,317
78$222,904,966$64,134,906$43,907,506$154,712,562
79$245,570,478$67,206,722$45,307,614$168,670,562
80$270,545,643$70,426,827$46,752,395$183,970,212
81$298,065,974$73,802,418$48,243,276$200,744,568
82$328,391,006$77,341,039$49,781,728$219,140,083
83$361,806,744$81,050,605$51,369,272$239,317,955
84$398,628,363$84,939,416$53,007,473$261,455,633
85$439,203,183$89,016,174$54,697,950$285,748,459
86$483,913,948$93,290,007$56,442,372$312,411,484
87$533,182,441$97,770,488$58,242,462$341,681,471
88$587,473,462$102,467,654$60,099,996$373,819,094
89$647,299,219$107,392,033$62,016,810$409,111,370
90$713,224,163$112,554,665$63,994,796$447,874,333
91$785,870,314$117,967,130$66,035,908$490,455,978
92$865,923,137$123,641,571$68,142,162$537,239,513
93$954,138,010$129,590,721$70,315,638$588,646,936
94$1,051,347,358$135,827,938$72,558,483$645,142,974
95$1,158,468,509$142,367,227$74,872,912$707,239,429
96$1,276,512,354$149,223,278$77,261,212$775,499,963
97$1,406,592,893$156,411,498$79,725,742$850,545,374
98$1,549,937,750$163,948,043$82,268,936$933,059,402
99$1,707,899,763$171,849,859$84,893,307$1,023,795,134
100$1,881,969,754$180,134,717$87,601,448$1,123,582,059