Can I retire at age 54 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,540,000
2 years$797,174$782,328$767,939$753,988$740,456$725,389
3 years$526,170$511,260$496,907$483,087$469,776$455,066
4 years$390,695$375,830$361,621$348,037$335,048$320,808
5 years$309,431$294,655$280,633$267,326$254,698$240,971
6 years$255,273$240,608$226,793$213,783$201,534$188,336
7 years$216,603$202,062$188,466$175,763$163,901$151,238
8 years$187,615$173,205$159,834$147,443$135,972$123,843
9 years$165,080$150,806$137,665$125,589$114,508$102,909
10 years$147,062$132,928$120,020$108,259$97,566$86,491
11 years$132,330$118,338$105,663$94,217$83,910$73,350
12 years$120,063$106,214$93,774$82,641$72,715$62,658
13 years$109,690$95,986$83,780$72,960$63,409$53,845
14 years$100,807$87,249$75,277$64,766$55,584$46,499
15 years$93,116$79,703$67,965$57,760$48,940$40,322
16 years$86,392$73,126$61,620$51,717$43,254$35,088
17 years$80,466$67,347$56,072$46,468$38,352$30,623
18 years$75,204$62,231$51,187$41,877$34,101$26,795
19 years$70,501$57,675$46,859$37,839$30,395$23,496
20 years$66,274$53,595$43,005$34,271$27,149$20,642
21 years$62,455$49,921$39,556$31,103$24,295$18,164
22 years$58,987$46,600$36,457$28,280$21,777$16,007
23 years$55,826$43,584$33,662$25,755$19,549$14,123
24 years$52,932$40,835$31,131$23,490$17,571$12,474
25 years$50,274$38,322$28,834$21,452$15,811$11,028
26 years$47,824$36,016$26,742$19,615$14,242$9,758
27 years$45,560$33,896$24,832$17,954$12,840$8,641
28 years$43,461$31,940$23,085$16,450$11,586$7,656
29 years$41,511$30,131$21,482$15,085$10,462$6,787
30 years$39,694$28,456$20,010$13,844$9,453$6,020
31 years$37,997$26,900$18,655$12,715$8,546$5,342
32 years$36,410$25,453$17,405$11,685$7,731$4,743
33 years$34,922$24,105$16,251$10,745$6,996$4,212
34 years$33,524$22,846$15,184$9,887$6,334$3,741
35 years$32,209$21,669$14,196$9,101$5,737$3,324
36 years$30,971$20,567$13,280$8,382$5,198$2,954
37 years$29,801$19,534$12,430$7,723$4,711$2,626
38 years$28,696$18,564$11,640$7,118$4,271$2,335
39 years$27,651$17,653$10,906$6,564$3,873$2,077
40 years$26,660$16,795$10,222$6,054$3,513$1,847
41 years$25,719$15,987$9,585$5,585$3,187$1,643
42 years$24,826$15,226$8,991$5,155$2,892$1,462
43 years$23,977$14,507$8,437$4,758$2,625$1,300
44 years$23,169$13,828$7,919$4,394$2,383$1,157
45 years$22,399$13,186$7,436$4,058$2,163$1,030
46 years$21,664$12,579$6,984$3,748$1,964$916
47 years$20,963$12,005$6,561$3,463$1,783$816
48 years$20,293$11,460$6,166$3,200$1,619$726
49 years$19,652$10,944$5,796$2,957$1,471$646
50 years$19,039$10,454$5,449$2,733$1,336$575

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $19,500,000, adding $5,865 every year, while hoping to spend $56,012 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: 43/37/20 Blend
53$19,500,000$19,500,000$19,500,000$19,500,000
54$21,495,050$20,461,550$20,159,300$22,293,897
55$23,627,948$21,404,569$20,775,040$23,802,390
56$25,976,526$22,391,920$21,409,530$25,429,785
57$28,562,721$23,425,714$22,063,339$27,191,801
58$31,410,711$24,508,166$22,737,054$29,100,876
59$34,547,136$25,641,599$23,431,277$31,170,659
60$38,001,351$26,828,444$24,146,632$33,416,133
61$41,805,704$28,071,252$24,883,759$35,853,750
62$45,995,839$29,372,697$25,643,319$38,501,573
63$50,611,035$30,735,581$26,425,991$41,379,445
64$55,694,576$32,162,839$27,232,477$44,509,159
65$61,294,156$33,657,552$28,063,498$47,914,662
66$67,462,334$35,222,945$28,919,799$51,622,264
67$74,257,025$36,862,403$29,802,145$55,660,881
68$81,742,051$38,579,470$30,711,326$60,062,295
69$89,987,740$40,377,863$31,648,155$64,861,444
70$99,071,591$42,261,481$32,613,470$70,096,736
71$109,079,006$44,234,406$33,608,134$75,810,403
72$120,104,094$46,300,921$34,633,036$82,048,886
73$132,250,560$48,465,514$35,689,091$88,863,259
74$145,632,684$50,732,892$36,777,243$96,309,697
75$160,376,402$53,107,987$37,898,464$104,449,989
76$176,620,488$55,595,971$39,053,756$113,352,112
77$194,517,869$58,202,266$40,244,149$123,090,848
78$214,237,070$60,932,555$41,470,706$133,748,480
79$235,963,798$63,792,798$42,734,521$145,415,547
80$259,902,701$66,789,240$44,036,723$158,191,681
81$286,279,296$69,928,432$45,378,472$172,186,528
82$315,342,098$73,217,239$46,760,965$187,520,763
83$347,364,969$76,662,861$48,185,435$204,327,205
84$382,649,699$80,272,845$49,653,151$222,752,055
85$421,528,858$84,055,103$51,165,420$242,956,244
86$464,368,930$88,017,932$52,723,590$265,116,934
87$511,573,780$92,170,029$54,329,050$289,429,163
88$563,588,460$96,520,515$55,983,227$316,107,660
89$620,903,413$101,078,950$57,687,595$345,388,841
90$684,059,102$105,855,360$59,443,671$377,533,015
91$753,651,114$110,860,256$61,253,017$412,826,809
92$830,335,777$116,104,658$63,117,243$451,585,843
93$914,836,361$121,600,122$65,038,006$494,157,672
94$1,007,949,905$127,358,763$67,017,014$540,925,037
95$1,110,554,738$133,393,284$69,056,026$592,309,438
96$1,223,618,772$139,717,007$71,156,854$648,775,075
97$1,348,208,643$146,343,896$73,321,365$710,833,190
98$1,485,499,775$153,288,597$75,551,481$779,046,852
99$1,636,787,478$160,566,465$77,849,182$854,036,226
100$1,803,499,179$168,193,600$80,216,508$936,484,383