Can I retire at age 54 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,250,402
2 years$645,915$633,886$622,227$610,924$599,959$590,369
3 years$426,333$414,251$402,622$391,425$380,639$371,268
4 years$316,563$304,519$293,006$281,999$271,475$262,395
5 years$250,719$238,746$227,385$216,603$206,371$197,609
6 years$206,836$194,954$183,761$173,219$163,294$154,862
7 years$175,504$163,722$152,706$142,413$132,802$124,703
8 years$152,016$140,340$129,507$119,467$110,172$102,406
9 years$133,757$122,191$111,544$101,759$92,781$85,345
10 years$119,158$107,706$97,247$87,717$79,054$71,945
11 years$107,222$95,884$85,614$76,340$67,989$61,202
12 years$97,282$86,060$75,981$66,961$58,918$52,446
13 years$88,877$77,773$67,884$59,116$51,377$45,215
14 years$81,680$70,694$60,994$52,477$45,037$39,175
15 years$75,448$64,580$55,069$46,800$39,654$34,085
16 years$70,000$59,251$49,928$41,904$35,047$29,762
17 years$65,198$54,568$45,433$37,651$31,075$26,066
18 years$60,935$50,423$41,474$33,931$27,630$22,888
19 years$57,124$46,732$37,968$30,659$24,627$20,142
20 years$53,699$43,425$34,845$27,768$21,998$17,761
21 years$50,604$40,449$32,051$25,201$19,685$15,687
22 years$47,795$37,758$29,540$22,914$17,645$13,875
23 years$45,233$35,314$27,275$20,868$15,839$12,289
24 years$42,889$33,087$25,224$19,033$14,237$10,896
25 years$40,735$31,051$23,363$17,382$12,811$9,671
26 years$38,750$29,182$21,668$15,893$11,540$8,591
27 years$36,915$27,464$20,120$14,547$10,404$7,637
28 years$35,215$25,879$18,705$13,328$9,388$6,794
29 years$33,634$24,414$17,406$12,222$8,477$6,047
30 years$32,162$23,057$16,213$11,217$7,659$5,386
31 years$30,787$21,796$15,115$10,302$6,925$4,799
32 years$29,501$20,624$14,103$9,468$6,264$4,278
33 years$28,295$19,531$13,168$8,707$5,669$3,814
34 years$27,163$18,511$12,303$8,011$5,133$3,403
35 years$26,098$17,557$11,503$7,374$4,649$3,036
36 years$25,094$16,664$10,760$6,792$4,212$2,710
37 years$24,147$15,827$10,072$6,258$3,817$2,419
38 years$23,251$15,042$9,432$5,768$3,461$2,160
39 years$22,404$14,303$8,836$5,318$3,138$1,929
40 years$21,601$13,608$8,282$4,905$2,847$1,723
41 years$20,839$12,954$7,766$4,526$2,583$1,539
42 years$20,116$12,337$7,285$4,177$2,343$1,375
43 years$19,428$11,754$6,836$3,856$2,127$1,229
44 years$18,773$11,204$6,417$3,560$1,930$1,098
45 years$18,149$10,684$6,025$3,288$1,753$982
46 years$17,553$10,192$5,659$3,037$1,591$877
47 years$16,985$9,727$5,316$2,806$1,445$784
48 years$16,442$9,285$4,996$2,593$1,312$701
49 years$15,923$8,867$4,696$2,396$1,192$627
50 years$15,426$8,470$4,415$2,215$1,082$560

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $15,800,000, adding $6,069 every year, while hoping to spend $45,716 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: 65/10/25 Blend
53$15,800,000$15,800,000$15,800,000$15,800,000
54$17,417,860$16,580,460$16,335,560$18,435,906
55$19,145,840$17,344,261$16,834,160$19,886,975
56$21,048,542$18,143,956$17,347,931$21,466,636
57$23,143,740$18,981,256$17,877,332$23,192,169
58$25,451,017$19,857,953$18,422,838$25,077,912
59$27,991,954$20,775,927$18,984,937$27,139,647
60$30,790,333$21,737,147$19,564,132$29,394,745
61$33,872,357$22,743,677$20,160,941$31,862,327
62$37,266,902$23,797,682$20,775,897$34,563,441
63$41,005,787$24,901,429$21,409,551$37,521,259
64$45,124,075$26,057,297$22,062,468$40,761,292
65$49,660,402$27,267,776$22,735,232$44,311,629
66$54,657,346$28,535,479$23,428,445$48,203,197
67$60,161,822$29,863,145$24,142,725$52,470,049
68$66,225,532$31,253,643$24,878,710$57,149,685
69$72,905,447$32,709,983$25,637,058$62,283,399
70$80,264,349$34,235,317$26,418,445$67,916,667
71$88,371,418$35,832,954$27,223,569$74,099,571
72$97,302,892$37,506,358$28,053,148$80,887,269
73$107,142,781$39,259,163$28,907,922$88,340,509
74$117,983,660$41,095,177$29,788,653$96,526,200
75$129,927,547$43,018,395$30,696,126$105,518,040
76$143,086,861$45,033,001$31,631,151$115,397,203
77$157,585,486$47,143,383$32,594,560$126,253,102
78$173,559,940$49,354,144$33,587,212$138,184,230
79$191,160,662$51,670,104$34,609,991$151,299,080
80$210,553,431$54,096,321$35,663,808$165,717,168
81$231,920,937$56,638,096$36,749,601$181,570,151
82$255,464,496$59,300,986$37,868,336$199,003,065
83$281,405,958$62,090,818$39,021,009$218,175,691
84$309,989,797$65,013,700$40,208,645$239,264,052
85$341,485,422$68,076,037$41,432,300$262,462,069
86$376,189,716$71,284,544$42,693,063$287,983,386
87$414,429,841$74,646,260$43,992,054$316,063,377
88$456,566,324$78,168,566$45,330,427$346,961,361
89$502,996,465$81,859,202$46,709,372$380,963,043
90$554,158,082$85,726,280$48,130,114$418,383,200
91$610,533,647$89,778,309$49,593,914$459,568,645
92$672,654,841$94,024,208$51,102,071$504,901,494
93$741,107,569$98,473,328$52,655,925$554,802,756
94$816,537,496$103,135,477$54,256,854$609,736,309
95$899,656,140$108,020,934$55,906,278$670,213,257
96$991,247,588$113,140,482$57,605,660$736,796,751
97$1,092,175,899$118,505,422$59,356,506$810,107,292
98$1,203,393,262$124,127,609$61,160,370$890,828,578
99$1,325,948,980$130,019,468$63,018,848$979,713,942
100$1,460,999,385$136,194,030$64,933,589$1,077,593,457