Can I retire at age 54 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,539,467
2 years$817,615$802,387$787,630$773,321$759,442$704,239
3 years$539,662$524,369$509,648$495,474$481,821$428,511
4 years$400,713$385,467$370,894$356,961$343,639$292,629
5 years$317,365$302,211$287,829$274,180$261,229$212,653
6 years$261,818$246,778$232,608$219,264$206,701$160,598
7 years$222,157$207,243$193,299$180,269$168,104$124,464
8 years$192,425$177,646$163,933$151,223$139,458$98,247
9 years$169,313$154,673$141,195$128,809$117,444$78,609
10 years$150,833$136,336$123,097$111,034$100,068$63,545
11 years$135,724$121,372$108,373$96,633$86,062$51,777
12 years$123,141$108,937$96,178$84,760$74,579$42,453
13 years$112,503$98,447$85,929$74,831$65,035$34,982
14 years$103,392$89,486$77,207$66,426$57,009$28,941
15 years$95,503$81,747$69,708$59,241$50,195$24,021
16 years$88,608$75,001$63,201$53,044$44,363$19,991
17 years$82,529$69,073$57,510$47,659$39,335$16,673
18 years$77,132$63,827$52,499$42,951$34,975$13,931
19 years$72,309$59,154$48,060$38,809$31,174$11,657
20 years$67,974$54,969$44,107$35,149$27,845$9,767
21 years$64,056$51,201$40,570$31,900$24,918$8,191
22 years$60,500$47,795$37,392$29,005$22,336$6,876
23 years$57,257$44,701$34,525$26,415$20,050$5,776
24 years$54,289$41,882$31,930$24,092$18,021$4,855
25 years$51,563$39,304$29,573$22,002$16,216$4,082
26 years$49,051$36,940$27,428$20,118$14,607$3,434
27 years$46,728$34,765$25,469$18,414$13,170$2,890
28 years$44,576$32,759$23,677$16,871$11,883$2,433
29 years$42,575$30,904$22,033$15,471$10,730$2,049
30 years$40,711$29,186$20,523$14,199$9,695$1,726
31 years$38,971$27,590$19,133$13,041$8,766$1,454
32 years$37,343$26,106$17,851$11,985$7,929$1,225
33 years$35,817$24,723$16,668$11,021$7,176$1,032
34 years$34,384$23,431$15,574$10,140$6,497$870
35 years$33,035$22,224$14,560$9,335$5,884$733
36 years$31,765$21,094$13,621$8,597$5,332$618
37 years$30,565$20,035$12,749$7,921$4,832$521
38 years$29,432$19,040$11,939$7,301$4,381$439
39 years$28,360$18,105$11,185$6,732$3,973$370
40 years$27,343$17,226$10,484$6,209$3,603$312
41 years$26,379$16,397$9,831$5,729$3,269$263
42 years$25,463$15,616$9,221$5,287$2,966$222
43 years$24,592$14,879$8,653$4,880$2,692$187
44 years$23,763$14,183$8,122$4,506$2,444$158
45 years$22,973$13,525$7,627$4,162$2,218$133
46 years$22,219$12,902$7,163$3,844$2,014$112
47 years$21,500$12,312$6,730$3,552$1,829$94
48 years$20,813$11,754$6,324$3,282$1,661$80
49 years$20,156$11,224$5,944$3,033$1,509$67
50 years$19,527$10,722$5,588$2,803$1,370$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $20,000,000, adding $3,157 every year, while hoping to spend $25,811 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: 52/42/6 Blend
53$20,000,000$20,000,000$20,000,000$20,000,000
54$22,043,256$20,983,256$20,673,256$23,158,173
55$24,264,206$21,983,973$21,338,348$24,915,327
56$26,710,827$23,032,860$22,024,855$26,822,094
57$29,406,111$24,132,250$22,733,467$28,894,977
58$32,375,394$25,284,590$23,464,898$31,149,618
59$35,646,594$26,492,445$24,219,882$33,603,192
60$39,250,478$27,758,505$24,999,179$36,274,561
61$43,220,947$29,085,593$25,803,572$39,184,443
62$47,595,362$30,476,665$26,633,870$42,355,602
63$52,414,893$31,934,826$27,490,908$45,813,049
64$57,724,907$33,463,327$28,375,549$49,584,267
65$63,575,399$35,065,581$29,288,681$53,699,464
66$70,021,461$36,745,167$30,231,223$58,191,843
67$77,123,805$38,505,835$31,204,124$63,097,907
68$84,949,333$40,351,521$32,208,362$68,457,788
69$93,571,770$42,286,350$33,244,948$74,315,613
70$103,072,361$44,314,651$34,314,923$80,719,910
71$113,540,634$46,440,961$35,419,366$87,724,050
72$125,075,250$48,670,040$36,559,386$95,386,734
73$137,784,931$51,006,878$37,736,131$103,772,534
74$151,789,488$53,456,709$38,950,785$112,952,487
75$167,220,950$56,025,022$40,204,571$123,004,745
76$184,224,813$58,717,574$41,498,750$134,015,297
77$202,961,410$61,540,401$42,834,625$146,078,761
78$223,607,430$64,499,836$44,213,540$159,299,260
79$246,357,577$67,602,518$45,636,883$173,791,379
80$271,426,419$70,855,410$47,106,087$189,681,230
81$299,050,404$74,265,816$48,622,632$207,107,618
82$329,490,098$77,841,393$50,188,043$226,223,326
83$363,032,642$81,590,176$51,803,896$247,196,534
84$399,994,464$85,520,587$53,471,819$270,212,381
85$440,724,265$89,641,462$55,193,492$295,474,683
86$485,606,313$93,962,066$56,970,646$323,207,831
87$535,064,067$98,492,118$58,805,073$353,658,876
88$589,564,178$103,241,808$60,698,619$387,099,834
89$649,620,894$108,221,825$62,653,192$423,830,215
90$715,800,911$113,443,381$64,670,760$464,179,822
91$788,728,728$118,918,231$66,753,355$508,511,823
92$869,092,540$124,658,706$68,903,074$557,226,145
93$957,650,737$130,677,740$71,122,084$610,763,207
94$1,055,239,058$136,988,895$73,412,620$669,608,035
95$1,162,778,488$143,606,397$75,776,989$734,294,803
96$1,281,283,948$150,545,165$78,217,573$805,411,822
97$1,411,873,881$157,820,848$80,736,832$883,607,050
98$1,555,780,804$165,449,857$83,337,303$969,594,158
99$1,714,362,951$173,449,405$86,021,607$1,064,159,214
100$1,889,117,090$181,837,544$88,792,450$1,168,168,049