Can I retire at age 54 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,232,065
2 years$654,092$641,910$630,104$618,657$607,554$563,874
3 years$431,730$419,495$407,719$396,379$385,457$343,268
4 years$320,570$308,373$296,715$285,569$274,911$234,535
5 years$253,892$241,768$230,263$219,344$208,983$170,526
6 years$209,455$197,422$186,087$175,411$165,361$128,854
7 years$177,726$165,795$154,639$144,215$134,483$99,919
8 years$153,940$142,117$131,146$120,979$111,567$78,919
9 years$135,450$123,738$112,956$103,047$93,955$63,183
10 years$120,667$109,069$98,478$88,828$80,054$51,107
11 years$108,579$97,098$86,698$77,307$68,850$41,670
12 years$98,513$87,150$76,942$67,808$59,664$34,189
13 years$90,002$78,758$68,743$59,865$52,028$28,191
14 years$82,714$71,589$61,766$53,141$45,607$23,339
15 years$76,403$65,398$55,766$47,392$40,156$19,386
16 years$70,886$60,001$50,560$42,435$35,490$16,145
17 years$66,023$55,259$46,008$38,127$31,468$13,475
18 years$61,706$51,062$41,999$34,360$27,980$11,268
19 years$57,847$47,323$38,448$31,048$24,939$9,436
20 years$54,379$43,975$35,286$28,120$22,276$7,911
21 years$51,245$40,961$32,456$25,520$19,935$6,640
22 years$48,400$38,236$29,913$23,204$17,869$5,578
23 years$45,806$35,761$27,620$21,132$16,040$4,690
24 years$43,431$33,506$25,544$19,274$14,417$3,945
25 years$41,250$31,444$23,659$17,602$12,973$3,320
26 years$39,241$29,552$21,942$16,094$11,686$2,795
27 years$37,383$27,812$20,375$14,731$10,536$2,354
28 years$35,661$26,207$18,941$13,497$9,506$1,984
29 years$34,060$24,723$17,627$12,377$8,584$1,672
30 years$32,569$23,348$16,418$11,359$7,756$1,409
31 years$31,177$22,072$15,306$10,433$7,012$1,188
32 years$29,875$20,885$14,281$9,588$6,343$1,002
33 years$28,654$19,778$13,334$8,817$5,741$845
34 years$27,507$18,745$12,459$8,112$5,197$712
35 years$26,428$17,779$11,648$7,468$4,708$601
36 years$25,412$16,875$10,897$6,878$4,265$507
37 years$24,452$16,028$10,199$6,337$3,866$428
38 years$23,546$15,232$9,551$5,841$3,505$361
39 years$22,688$14,484$8,948$5,385$3,178$304
40 years$21,875$13,780$8,387$4,967$2,883$257
41 years$21,103$13,118$7,864$4,583$2,615$217
42 years$20,370$12,493$7,377$4,230$2,373$183
43 years$19,674$11,903$6,922$3,904$2,154$154
44 years$19,010$11,346$6,498$3,605$1,955$130
45 years$18,378$10,820$6,101$3,329$1,775$110
46 years$17,776$10,322$5,731$3,075$1,611$93
47 years$17,200$9,850$5,384$2,841$1,463$78
48 years$16,650$9,403$5,059$2,625$1,329$66
49 years$16,125$8,979$4,755$2,426$1,207$56
50 years$15,622$8,577$4,471$2,243$1,096$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $16,000,000, adding $3,367 every year, while hoping to spend $58,426 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: 44/32/24 Blend
53$16,000,000$16,000,000$16,000,000$16,000,000
54$17,635,473$16,787,473$16,539,473$18,288,520
55$19,372,127$17,547,894$17,031,381$19,512,362
56$21,283,960$18,343,618$17,537,809$20,832,229
57$23,388,781$19,176,313$18,059,183$22,261,794
58$25,706,211$20,047,726$18,595,939$23,811,265
59$28,257,869$20,959,689$19,148,527$25,491,852
60$31,067,579$21,914,121$19,717,411$27,315,866
61$34,161,593$22,913,034$20,303,065$29,296,829
62$37,568,838$23,958,535$20,905,980$31,449,597
63$41,321,189$25,052,833$21,526,659$33,790,491
64$45,453,770$26,198,241$22,165,622$36,337,448
65$50,005,285$27,397,186$22,823,402$39,110,182
66$55,018,385$28,652,209$23,500,546$42,130,362
67$60,540,067$29,965,973$24,197,621$45,421,811
68$66,622,119$31,341,272$24,915,207$49,010,721
69$73,321,610$32,781,029$25,653,901$52,925,895
70$80,701,426$34,288,311$26,414,319$57,199,006
71$88,830,865$35,866,332$27,197,092$61,864,891
72$97,786,291$37,518,460$28,002,872$66,961,871
73$107,651,852$39,248,224$28,832,328$72,532,097
74$118,520,279$41,059,324$29,686,149$78,621,947
75$130,493,755$42,955,639$30,565,042$85,282,443
76$143,684,885$44,941,232$31,469,737$92,569,733
77$158,217,753$47,020,362$32,400,984$100,545,597
78$174,229,101$49,197,497$33,359,554$109,278,029
79$191,869,609$51,477,314$34,346,239$118,841,859
80$211,305,327$53,864,721$35,361,856$129,319,451
81$232,719,237$56,364,858$36,407,244$140,801,464
82$256,312,979$58,983,117$37,483,267$153,387,692
83$282,308,760$61,725,146$38,590,813$167,187,996
84$310,951,443$64,596,868$39,730,795$182,323,321
85$342,510,866$67,604,490$40,904,153$198,926,823
86$377,284,386$70,754,522$42,111,853$217,145,109
87$415,599,683$74,053,783$43,354,890$237,139,600
88$457,817,857$77,509,425$44,634,286$259,088,042
89$504,336,836$81,128,944$45,951,092$283,186,159
90$555,595,130$84,920,199$47,306,390$309,649,482
91$612,075,971$88,891,427$48,701,292$338,715,364
92$674,311,878$93,051,265$50,136,943$370,645,194
93$742,889,679$97,408,765$51,614,520$405,726,845
94$818,456,051$101,973,420$53,135,232$444,277,365
95$901,723,630$106,755,180$54,700,323$486,645,946
96$993,477,732$111,764,475$56,311,075$533,217,190
97$1,094,583,768$117,012,241$57,968,804$584,414,717
98$1,205,995,415$122,509,944$59,674,862$640,705,130
99$1,328,763,620$128,269,604$61,430,643$702,602,394
100$1,464,046,518$134,303,823$63,237,577$770,672,649