Can I retire at age 54 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,547,634
2 years$809,438$794,363$779,753$765,588$751,848$720,500
3 years$534,265$519,125$504,552$490,519$477,003$446,531
4 years$396,706$381,612$367,185$353,392$340,203$310,841
5 years$314,192$299,188$284,950$271,439$258,617$230,449
6 years$259,200$244,310$230,282$217,072$204,634$177,692
7 years$219,936$205,171$191,366$178,467$166,423$140,711
8 years$190,501$175,869$162,293$149,711$138,064$113,575
9 years$167,619$153,126$139,783$127,521$116,270$92,989
10 years$149,325$134,973$121,866$109,924$99,067$76,972
11 years$134,366$120,159$107,289$95,667$85,201$64,265
12 years$121,910$107,848$95,216$83,913$73,834$54,026
13 years$111,378$97,463$85,069$74,082$64,384$45,672
14 years$102,358$88,591$76,435$65,762$56,439$38,787
15 years$94,548$80,930$69,011$58,648$49,693$33,065
16 years$87,721$74,251$62,569$52,513$43,919$28,276
17 years$81,704$68,383$56,935$47,183$38,942$24,245
18 years$76,361$63,189$51,974$42,521$34,625$20,835
19 years$71,586$58,563$47,580$38,421$30,862$17,938
20 years$67,294$54,419$43,666$34,798$27,567$15,469
21 years$63,416$50,689$40,165$31,581$24,669$13,359
22 years$59,895$47,317$37,018$28,715$22,112$11,550
23 years$56,685$44,254$34,179$26,151$19,849$9,996
24 years$53,746$41,463$31,610$23,851$17,841$8,658
25 years$51,047$38,911$29,277$21,782$16,054$7,506
26 years$48,560$36,570$27,153$19,917$14,461$6,510
27 years$46,261$34,417$25,214$18,230$13,038$5,650
28 years$44,130$32,431$23,440$16,703$11,764$4,906
29 years$42,149$30,595$21,813$15,317$10,623$4,262
30 years$40,304$28,894$20,318$14,057$9,598$3,704
31 years$38,582$27,314$18,942$12,910$8,678$3,220
32 years$36,970$25,845$17,673$11,865$7,850$2,799
33 years$35,459$24,475$16,501$10,911$7,104$2,435
34 years$34,040$23,197$15,418$10,039$6,432$2,118
35 years$32,705$22,002$14,415$9,241$5,826$1,843
36 years$31,447$20,883$13,485$8,511$5,278$1,603
37 years$30,260$19,834$12,621$7,842$4,784$1,395
38 years$29,138$18,850$11,819$7,228$4,337$1,215
39 years$28,076$17,924$11,073$6,664$3,933$1,057
40 years$27,070$17,053$10,379$6,147$3,567$920
41 years$26,115$16,233$9,732$5,671$3,236$801
42 years$25,208$15,460$9,129$5,234$2,937$698
43 years$24,346$14,730$8,567$4,832$2,665$608
44 years$23,525$14,041$8,041$4,461$2,419$529
45 years$22,743$13,389$7,550$4,120$2,196$461
46 years$21,997$12,773$7,092$3,806$1,994$401
47 years$21,285$12,189$6,662$3,516$1,811$349
48 years$20,605$11,636$6,261$3,249$1,644$304
49 years$19,954$11,112$5,885$3,003$1,493$265
50 years$19,332$10,615$5,533$2,775$1,357$231

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $19,800,000, adding $3,135 every year, while hoping to spend $50,553 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: 35/48/17 Blend
53$19,800,000$19,800,000$19,800,000$19,800,000
54$21,822,834$20,773,434$20,466,534$22,472,564
55$23,994,975$21,737,544$21,098,375$23,910,521
56$26,386,980$22,747,201$21,749,688$25,456,042
57$29,021,222$23,804,584$22,421,072$27,122,555
58$31,922,354$24,911,976$23,113,146$28,920,826
59$35,117,541$26,071,771$23,826,544$30,862,651
60$38,636,720$27,286,477$24,561,922$32,960,954
61$42,512,877$28,558,725$25,319,958$35,229,902
62$46,782,361$29,891,273$26,101,347$37,685,025
63$51,485,226$31,287,011$26,906,807$40,343,354
64$56,665,613$32,748,968$27,737,079$43,223,569
65$62,372,159$34,280,321$28,592,925$46,346,164
66$68,658,463$35,884,400$29,475,131$49,733,627
67$75,583,586$37,564,696$30,384,508$53,410,637
68$83,212,614$39,324,868$31,321,891$57,404,288
69$91,617,267$41,168,753$32,288,140$61,744,325
70$100,876,579$43,100,372$33,284,144$66,463,414
71$111,077,643$45,123,943$34,310,815$71,597,429
72$122,316,432$47,243,886$35,369,098$77,185,779
73$134,698,708$49,464,836$36,459,962$83,271,761
74$148,341,014$51,791,651$37,584,408$89,902,948
75$163,371,781$54,229,426$38,743,470$97,131,623
76$179,932,536$56,783,501$39,938,210$105,015,248
77$198,179,239$59,459,476$41,169,723$113,616,990
78$218,283,752$62,263,222$42,439,140$123,006,291
79$240,435,469$65,200,894$43,747,625$133,259,503
80$264,843,094$68,278,945$45,096,378$144,460,585
81$291,736,618$71,504,141$46,486,635$156,701,868
82$321,369,486$74,883,577$47,919,670$170,084,903
83$354,020,992$78,424,692$49,396,798$184,721,389
84$389,998,915$82,135,283$50,919,372$200,734,201
85$429,642,421$86,023,528$52,488,788$218,258,519
86$473,325,268$90,098,001$54,106,482$237,443,072
87$521,459,334$94,367,692$55,773,938$258,451,507
88$574,498,504$98,842,027$57,492,683$281,463,904
89$632,942,954$103,530,889$59,264,291$306,678,433
90$697,343,875$108,444,642$61,090,384$334,313,192
91$768,308,672$113,594,152$62,972,634$364,608,223
92$846,506,705$118,990,813$64,912,765$397,827,739
93$932,675,599$124,646,573$66,912,553$434,262,568
94$1,027,628,214$130,573,959$68,973,828$474,232,863
95$1,132,260,317$136,786,108$71,098,476$518,091,065
96$1,247,559,036$143,296,794$73,288,442$566,225,188
97$1,374,612,182$150,120,461$75,545,729$619,062,425
98$1,514,618,515$157,272,255$77,872,401$677,073,128
99$1,668,899,065$164,768,057$80,270,588$740,775,189
100$1,838,909,599$172,624,521$82,742,483$810,738,869