Can I retire at age 54 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,327,491
2 years$690,884$678,017$665,547$653,456$641,728$621,485
3 years$456,014$443,092$430,653$418,676$407,139$387,419
4 years$338,602$325,719$313,405$301,632$290,375$271,332
5 years$268,174$255,368$243,215$231,683$220,738$202,427
6 years$221,236$208,527$196,554$185,278$174,663$157,104
7 years$187,723$175,121$163,337$152,328$142,048$125,248
8 years$162,599$150,111$138,523$127,784$117,842$101,799
9 years$143,069$130,698$119,310$108,843$99,240$83,945
10 years$127,454$115,204$104,017$93,824$84,558$69,999
11 years$114,686$102,560$91,575$81,655$72,722$58,885
12 years$104,054$92,052$81,270$71,622$63,020$49,888
13 years$95,065$83,188$72,610$63,232$54,954$42,509
14 years$87,366$75,616$65,240$56,130$48,173$36,394
15 years$80,700$69,076$58,903$50,058$42,415$31,282
16 years$74,873$63,376$53,404$44,822$37,487$26,977
17 years$69,737$58,367$48,596$40,272$33,238$23,330
18 years$65,177$53,934$44,362$36,293$29,554$20,224
19 years$61,101$49,985$40,611$32,794$26,342$17,567
20 years$57,438$46,449$37,271$29,701$23,529$15,286
21 years$54,127$43,265$34,282$26,956$21,056$13,321
22 years$51,122$40,386$31,596$24,509$18,874$11,624
23 years$48,382$37,773$29,173$22,321$16,942$10,154
24 years$45,874$35,391$26,980$20,358$15,228$8,879
25 years$43,571$33,212$24,989$18,592$13,703$7,770
26 years$41,448$31,214$23,176$17,000$12,343$6,805
27 years$39,485$29,376$21,521$15,560$11,128$5,963
28 years$37,666$27,681$20,007$14,256$10,041$5,228
29 years$35,976$26,114$18,618$13,073$9,067$4,587
30 years$34,401$24,662$17,342$11,998$8,193$4,025
31 years$32,931$23,314$16,167$11,019$7,407$3,534
32 years$31,555$22,059$15,084$10,127$6,700$3,104
33 years$30,265$20,891$14,084$9,313$6,064$2,726
34 years$29,054$19,800$13,160$8,568$5,490$2,396
35 years$27,915$18,780$12,303$7,888$4,972$2,106
36 years$26,841$17,825$11,510$7,264$4,505$1,851
37 years$25,828$16,929$10,773$6,693$4,083$1,627
38 years$24,870$16,089$10,088$6,169$3,702$1,431
39 years$23,964$15,299$9,452$5,688$3,357$1,258
40 years$23,105$14,556$8,859$5,247$3,045$1,107
41 years$22,290$13,856$8,307$4,841$2,762$974
42 years$21,516$13,196$7,792$4,467$2,507$857
43 years$20,780$12,573$7,312$4,124$2,275$754
44 years$20,080$11,984$6,863$3,808$2,065$663
45 years$19,412$11,428$6,445$3,517$1,875$583
46 years$18,775$10,902$6,053$3,248$1,702$513
47 years$18,168$10,404$5,687$3,001$1,545$452
48 years$17,587$9,932$5,344$2,773$1,404$398
49 years$17,032$9,484$5,023$2,563$1,275$350
50 years$16,500$9,060$4,722$2,369$1,158$308

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $16,900,000, adding $6,899 every year, while hoping to spend $23,214 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: 70/25/5 Blend
53$16,900,000$16,900,000$16,900,000$16,900,000
54$18,630,916$17,735,216$17,473,266$19,925,273
55$20,506,570$18,579,542$18,033,921$21,625,264
56$22,572,763$19,464,462$18,612,580$23,481,164
57$24,848,905$20,391,941$19,209,821$25,511,141
58$27,356,385$21,364,038$19,826,242$27,732,268
59$30,118,774$22,382,914$20,462,460$30,163,325
60$33,162,047$23,450,834$21,119,110$32,824,975
61$36,514,824$24,570,174$21,796,849$35,739,954
62$40,208,648$25,743,424$22,496,355$38,933,282
63$44,278,275$26,973,197$23,218,328$42,432,491
64$48,762,007$28,262,232$23,963,489$46,267,882
65$53,702,051$29,613,400$24,732,586$50,472,807
66$59,144,919$31,029,715$25,526,386$55,083,974
67$65,141,865$32,514,335$26,345,684$60,141,790
68$71,749,370$34,070,573$27,191,299$65,690,736
69$79,029,677$35,701,902$28,064,079$71,779,781
70$87,051,373$37,411,965$28,964,895$78,462,834
71$95,890,044$39,204,582$29,894,650$85,799,249
72$105,628,982$41,083,759$30,854,273$93,854,378
73$116,359,973$43,053,698$31,844,726$102,700,174
74$128,184,165$45,118,805$32,867,000$112,415,872
75$141,213,022$47,283,698$33,922,116$123,088,719
76$155,569,376$49,553,225$35,011,133$134,814,793
77$171,388,586$51,932,467$36,135,140$147,699,897
78$188,819,816$54,426,752$37,295,261$161,860,555
79$208,027,443$57,041,669$38,492,659$177,425,092
80$229,192,611$59,783,080$39,728,531$194,534,841
81$252,514,937$62,657,130$41,004,116$213,345,462
82$278,214,397$65,670,266$42,320,691$234,028,403
83$306,533,404$68,829,248$43,679,573$256,772,503
84$337,739,097$72,141,166$45,082,124$281,785,759
85$372,125,857$75,613,455$46,529,747$309,297,283
86$410,018,094$79,253,914$48,023,893$339,559,443
87$451,773,304$83,070,721$49,566,059$372,850,235
88$497,785,447$87,072,452$51,157,787$409,475,888
89$548,488,663$91,268,103$52,800,674$449,773,739
90$604,361,374$95,667,107$54,496,364$494,115,403
91$665,930,798$100,279,359$56,246,555$542,910,257
92$733,777,927$105,115,235$58,053,002$596,609,291
93$808,543,012$110,185,618$59,917,514$655,709,344
94$890,931,607$115,501,921$61,841,959$720,757,768
95$981,721,231$121,076,115$63,828,265$792,357,581
96$1,081,768,706$126,920,755$65,878,421$871,173,132
97$1,192,018,249$133,049,007$67,994,484$957,936,348
98$1,313,510,384$139,474,681$70,178,572$1,053,453,620
99$1,447,391,763$146,212,261$72,432,874$1,158,613,389
100$1,594,925,998$153,276,937$74,759,651$1,274,394,506