Can I retire at age 54 with 14,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,097,885
2 years$572,330$561,671$551,341$541,325$531,609$513,030
3 years$377,763$367,058$356,754$346,832$337,275$319,190
4 years$280,499$269,827$259,625$249,873$240,547$223,096
5 years$222,156$211,547$201,480$191,926$182,860$166,092
6 years$183,273$172,744$162,826$153,485$144,691$128,625
7 years$155,510$145,070$135,309$126,189$117,673$102,315
8 years$134,698$124,352$114,753$105,856$97,621$82,967
9 years$118,519$108,271$98,837$90,166$82,211$68,254
10 years$105,583$95,436$86,168$77,724$70,048$56,776
11 years$95,006$84,961$75,861$67,643$60,243$47,642
12 years$86,199$76,256$67,325$59,332$52,206$40,259
13 years$78,752$68,913$60,150$52,381$45,524$34,214
14 years$72,375$62,640$54,045$46,498$39,906$29,214
15 years$66,852$57,223$48,795$41,468$35,137$25,042
16 years$62,025$52,501$44,240$37,130$31,054$21,535
17 years$57,770$48,351$40,257$33,361$27,535$18,571
18 years$53,993$44,679$36,749$30,065$24,482$16,052
19 years$50,616$41,408$33,642$27,167$21,822$13,903
20 years$47,582$38,478$30,875$24,605$19,492$12,061
21 years$44,839$35,841$28,399$22,330$17,443$10,479
22 years$42,350$33,456$26,174$20,303$15,635$9,116
23 years$40,080$31,291$24,167$18,491$14,035$7,939
24 years$38,003$29,318$22,351$16,865$12,615$6,920
25 years$36,094$27,513$20,701$15,402$11,351$6,037
26 years$34,335$25,858$19,199$14,082$10,225$5,270
27 years$32,710$24,335$17,828$12,890$9,219$4,603
28 years$31,203$22,931$16,574$11,810$8,318$4,023
29 years$29,803$21,633$15,423$10,830$7,511$3,518
30 years$28,498$20,430$14,366$9,939$6,787$3,077
31 years$27,280$19,313$13,393$9,128$6,136$2,693
32 years$26,140$18,274$12,496$8,389$5,550$2,357
33 years$25,072$17,306$11,668$7,715$5,023$2,064
34 years$24,069$16,402$10,902$7,098$4,548$1,807
35 years$23,125$15,557$10,192$6,534$4,119$1,583
36 years$22,235$14,766$9,535$6,018$3,732$1,387
37 years$21,396$14,024$8,924$5,545$3,383$1,215
38 years$20,602$13,328$8,357$5,111$3,067$1,065
39 years$19,852$12,674$7,830$4,712$2,781$933
40 years$19,140$12,058$7,339$4,346$2,522$818
41 years$18,465$11,478$6,881$4,010$2,288$717
42 years$17,824$10,931$6,455$3,701$2,076$629
43 years$17,214$10,415$6,057$3,416$1,885$551
44 years$16,634$9,928$5,686$3,154$1,711$483
45 years$16,081$9,467$5,339$2,913$1,553$424
46 years$15,554$9,031$5,014$2,691$1,410$372
47 years$15,050$8,619$4,711$2,486$1,280$326
48 years$14,569$8,228$4,427$2,297$1,163$286
49 years$14,109$7,857$4,161$2,123$1,056$251
50 years$13,669$7,505$3,912$1,962$959$220

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,000,000, adding $6,170 every year, while hoping to spend $52,504 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: 55/18/27 Blend
53$14,000,000$14,000,000$14,000,000$14,000,000
54$15,434,364$14,692,364$14,475,364$16,167,788
55$16,952,806$15,356,426$14,904,425$17,337,833
56$18,624,368$16,051,268$15,346,100$18,605,545
57$20,464,615$16,778,341$15,800,756$19,985,208
58$22,490,695$17,539,169$16,268,770$21,487,610
59$24,721,503$18,335,346$16,750,531$23,124,613
60$27,177,862$19,168,543$17,246,440$24,909,265
61$29,882,715$20,040,513$17,756,906$26,855,916
62$32,861,343$20,953,089$18,282,353$28,980,355
63$36,141,605$21,908,195$18,823,217$31,299,952
64$39,754,198$22,907,846$19,379,944$33,833,817
65$43,732,949$23,954,153$19,952,995$36,602,982
66$48,115,133$25,049,330$20,542,844$39,630,587
67$52,941,825$26,195,696$21,149,978$42,942,102
68$58,258,287$27,395,680$21,774,897$46,565,560
69$64,114,394$28,651,830$22,418,118$50,531,815
70$70,565,107$29,966,815$23,080,170$54,874,831
71$77,670,991$31,343,432$23,761,599$59,631,997
72$85,498,785$32,784,613$24,462,966$64,844,473
73$94,122,032$34,293,431$25,184,846$70,557,576
74$103,621,776$35,873,105$25,927,835$76,821,199
75$114,087,321$37,527,011$26,692,541$83,690,279
76$125,617,079$39,258,686$27,479,593$91,225,305
77$138,319,498$41,071,839$28,289,636$99,492,889
78$152,314,082$42,970,354$29,123,334$108,566,381
79$167,732,523$44,958,305$29,981,370$118,526,559
80$184,719,940$47,039,962$30,864,446$129,462,382
81$203,436,252$49,219,799$31,773,283$141,471,825
82$224,057,688$51,502,506$32,708,626$154,662,792
83$246,778,444$53,893,001$33,671,237$169,154,128
84$271,812,524$56,396,437$34,661,902$185,076,733
85$299,395,754$59,018,215$35,681,428$202,574,787
86$329,788,012$61,763,999$36,730,647$221,807,102
87$363,275,677$64,639,723$37,810,412$242,948,614
88$400,174,338$67,651,611$38,921,602$266,192,020
89$440,831,764$70,806,184$40,065,120$291,749,588
90$485,631,197$74,110,280$41,241,895$319,855,150
91$534,994,962$77,571,066$42,452,881$350,766,299
92$589,388,456$81,196,057$43,699,060$384,766,804
93$649,324,543$84,993,128$44,981,443$422,169,282
94$715,368,393$88,970,537$46,301,068$463,318,131
95$788,142,816$93,136,941$47,659,001$508,592,771
96$868,334,147$97,501,414$49,056,341$558,411,207
97$956,698,717$102,073,471$50,494,216$613,233,964
98$1,054,070,000$106,863,085$51,973,786$673,568,419
99$1,161,366,476$111,880,712$53,496,244$739,973,570
100$1,279,600,305$117,137,315$55,062,816$813,065,299