Can I retire at age 54 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,229,233
2 years$633,651$621,850$610,413$599,324$588,568$581,748
3 years$418,238$406,386$394,978$383,993$373,411$366,742
4 years$310,552$298,737$287,443$276,645$266,320$259,852
5 years$245,958$234,213$223,067$212,490$202,452$196,204
6 years$202,909$191,253$180,271$169,930$160,194$154,174
7 years$172,172$160,614$149,806$139,709$130,280$124,492
8 years$149,130$137,676$127,048$117,198$108,080$102,524
9 years$131,217$119,871$109,426$99,827$91,019$85,693
10 years$116,896$105,661$95,400$86,052$77,553$72,455
11 years$105,186$94,064$83,989$74,891$66,698$61,825
12 years$95,434$84,426$74,538$65,689$57,799$53,146
13 years$87,190$76,297$66,595$57,994$50,402$45,965
14 years$80,129$69,352$59,836$51,480$44,182$39,956
15 years$74,015$63,354$54,024$45,911$38,901$34,880
16 years$68,671$58,126$48,980$41,109$34,381$30,560
17 years$63,960$53,532$44,570$36,936$30,485$26,857
18 years$59,778$49,466$40,687$33,287$27,106$23,666
19 years$56,040$45,845$37,247$30,077$24,160$20,902
20 years$52,680$42,601$34,183$27,241$21,580$18,497
21 years$49,644$39,681$31,442$24,723$19,312$16,397
22 years$46,887$37,041$28,979$22,479$17,310$14,558
23 years$44,374$34,644$26,757$20,472$15,539$12,942
24 years$42,074$32,459$24,745$18,671$13,966$11,519
25 years$39,961$30,461$22,919$17,052$12,568$10,263
26 years$38,014$28,628$21,256$15,591$11,320$9,153
27 years$36,214$26,943$19,738$14,271$10,206$8,169
28 years$34,546$25,388$18,349$13,075$9,209$7,296
29 years$32,996$23,951$17,076$11,990$8,316$6,520
30 years$31,551$22,619$15,905$11,004$7,514$5,831
31 years$30,203$21,382$14,828$10,106$6,793$5,216
32 years$28,941$20,232$13,835$9,288$6,145$4,669
33 years$27,758$19,160$12,918$8,541$5,561$4,181
34 years$26,647$18,159$12,070$7,859$5,035$3,745
35 years$25,602$17,224$11,284$7,234$4,560$3,355
36 years$24,618$16,348$10,556$6,663$4,132$3,007
37 years$23,688$15,527$9,880$6,139$3,745$2,696
38 years$22,810$14,756$9,252$5,658$3,395$2,418
39 years$21,979$14,031$8,669$5,217$3,079$2,168
40 years$21,191$13,350$8,125$4,812$2,793$1,945
41 years$20,444$12,708$7,619$4,440$2,534$1,745
42 years$19,734$12,102$7,147$4,097$2,299$1,566
43 years$19,059$11,531$6,706$3,782$2,086$1,405
44 years$18,416$10,992$6,295$3,492$1,894$1,261
45 years$17,804$10,482$5,911$3,225$1,719$1,132
46 years$17,220$9,999$5,551$2,979$1,561$1,016
47 years$16,663$9,542$5,216$2,752$1,417$913
48 years$16,130$9,109$4,901$2,543$1,287$819
49 years$15,621$8,699$4,607$2,351$1,169$736
50 years$15,133$8,309$4,331$2,173$1,062$661

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $15,500,000, adding $3,005 every year, while hoping to spend $24,383 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: 68/25/7 Blend
53$15,500,000$15,500,000$15,500,000$15,500,000
54$17,084,100$16,262,600$16,022,350$18,225,884
55$18,800,734$17,033,524$16,533,155$19,753,829
56$20,691,649$17,841,406$17,060,255$21,420,874
57$22,774,594$18,688,031$17,604,170$23,243,197
58$25,069,129$19,575,272$18,165,437$25,235,987
59$27,596,810$20,505,090$18,744,609$27,415,950
60$30,381,390$21,479,545$19,342,259$29,801,468
61$33,449,042$22,500,793$19,958,975$32,412,763
62$36,828,611$23,571,098$20,595,367$35,272,086
63$40,551,880$24,692,833$21,252,063$38,403,924
64$44,653,876$25,868,485$21,929,710$41,835,223
65$49,173,194$27,100,664$22,628,979$45,595,638
66$54,152,369$28,392,106$23,350,558$49,717,809
67$59,638,270$29,745,678$24,095,162$54,237,663
68$65,682,547$31,164,390$24,863,523$59,194,746
69$72,342,118$32,651,396$25,656,402$64,632,593
70$79,679,703$34,210,004$26,474,581$70,599,127
71$87,764,420$35,843,682$27,318,867$77,147,113
72$96,672,437$37,556,068$28,190,094$84,334,639
73$106,487,687$39,350,976$29,089,124$92,225,665
74$117,302,663$41,232,407$30,016,842$100,890,617
75$129,219,295$43,204,554$30,974,166$110,407,041
76$142,349,903$45,271,817$31,962,041$120,860,329
77$156,818,266$47,438,809$32,981,442$132,344,515
78$172,760,785$49,710,367$34,033,376$144,963,155
79$190,327,773$52,091,563$35,118,882$158,830,293
80$209,684,873$54,587,717$36,239,032$174,071,528
81$231,014,624$57,204,409$37,394,933$190,825,190
82$254,518,179$59,947,488$38,587,727$209,243,632
83$280,417,208$62,823,089$39,818,591$229,494,660
84$308,955,990$65,837,648$41,088,741$251,763,103
85$340,403,720$68,997,912$42,399,432$276,252,544
86$375,057,046$72,310,956$43,751,960$303,187,229
87$413,242,874$75,784,202$45,147,660$332,814,171
88$455,321,452$79,425,433$46,587,911$365,405,466
89$501,689,770$83,242,809$48,074,136$401,260,848
90$552,785,311$87,244,891$49,607,804$440,710,499
91$609,090,178$91,440,656$51,190,431$484,118,151
92$671,135,645$95,839,517$52,823,579$531,884,504
93$739,507,175$100,451,347$54,508,863$584,450,984
94$814,849,946$105,286,502$56,247,949$642,303,899
95$897,874,940$110,355,840$58,042,555$705,979,003
96$989,365,657$115,670,750$59,894,454$776,066,536
97$1,090,185,514$121,243,177$61,805,478$853,216,770
98$1,201,285,989$127,085,645$63,777,514$938,146,129
99$1,323,715,612$133,211,294$65,812,513$1,031,643,925
100$1,458,629,858$139,633,900$67,912,485$1,134,579,783