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

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 $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%12.6%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,104,262
2 years$572,330$561,671$551,341$541,325$531,609$519,408
3 years$377,763$367,058$356,754$346,832$337,275$325,369
4 years$280,499$269,827$259,625$249,873$240,547$229,028
5 years$222,156$211,547$201,480$191,926$182,860$171,762
6 years$183,273$172,744$162,826$153,485$144,691$134,027
7 years$155,510$145,070$135,309$126,189$117,673$107,448
8 years$134,698$124,352$114,753$105,856$97,621$87,834
9 years$118,519$108,271$98,837$90,166$82,211$72,859
10 years$105,583$95,436$86,168$77,724$70,048$61,124
11 years$95,006$84,961$75,861$67,643$60,243$51,741
12 years$86,199$76,256$67,325$59,332$52,206$44,115
13 years$78,752$68,913$60,150$52,381$45,524$37,836
14 years$72,375$62,640$54,045$46,498$39,906$32,610
15 years$66,852$57,223$48,795$41,468$35,137$28,221
16 years$62,025$52,501$44,240$37,130$31,054$24,507
17 years$57,770$48,351$40,257$33,361$27,535$21,344
18 years$53,993$44,679$36,749$30,065$24,482$18,635
19 years$50,616$41,408$33,642$27,167$21,822$16,306
20 years$47,582$38,478$30,875$24,605$19,492$14,294
21 years$44,839$35,841$28,399$22,330$17,443$12,550
22 years$42,350$33,456$26,174$20,303$15,635$11,034
23 years$40,080$31,291$24,167$18,491$14,035$9,713
24 years$38,003$29,318$22,351$16,865$12,615$8,560
25 years$36,094$27,513$20,701$15,402$11,351$7,550
26 years$34,335$25,858$19,199$14,082$10,225$6,664
27 years$32,710$24,335$17,828$12,890$9,219$5,887
28 years$31,203$22,931$16,574$11,810$8,318$5,204
29 years$29,803$21,633$15,423$10,830$7,511$4,602
30 years$28,498$20,430$14,366$9,939$6,787$4,072
31 years$27,280$19,313$13,393$9,128$6,136$3,605
32 years$26,140$18,274$12,496$8,389$5,550$3,192
33 years$25,072$17,306$11,668$7,715$5,023$2,828
34 years$24,069$16,402$10,902$7,098$4,548$2,505
35 years$23,125$15,557$10,192$6,534$4,119$2,221
36 years$22,235$14,766$9,535$6,018$3,732$1,969
37 years$21,396$14,024$8,924$5,545$3,383$1,746
38 years$20,602$13,328$8,357$5,111$3,067$1,548
39 years$19,852$12,674$7,830$4,712$2,781$1,373
40 years$19,140$12,058$7,339$4,346$2,522$1,218
41 years$18,465$11,478$6,881$4,010$2,288$1,081
42 years$17,824$10,931$6,455$3,701$2,076$959
43 years$17,214$10,415$6,057$3,416$1,885$851
44 years$16,634$9,928$5,686$3,154$1,711$755
45 years$16,081$9,467$5,339$2,913$1,553$670
46 years$15,554$9,031$5,014$2,691$1,410$595
47 years$15,050$8,619$4,711$2,486$1,280$528
48 years$14,569$8,228$4,427$2,297$1,163$469
49 years$14,109$7,857$4,161$2,123$1,056$416
50 years$13,669$7,505$3,912$1,962$959$370

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 $4,729 every year, while hoping to spend $26,403 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: 81/9/10 Blend
53$14,000,000$14,000,000$14,000,000$14,000,000
54$15,432,878$14,690,878$14,473,878$16,658,096
55$16,978,939$15,382,638$14,930,660$18,153,638
56$18,681,813$16,107,410$15,401,860$19,790,862
57$20,557,468$16,866,783$15,887,932$21,587,119
58$22,623,498$17,662,424$16,389,346$23,558,321
59$24,899,291$18,496,079$16,906,586$25,721,990
60$27,406,214$19,369,582$17,440,152$28,097,422
61$30,167,810$20,284,854$17,990,559$30,705,866
62$33,210,023$21,243,907$18,558,338$33,570,726
63$36,561,441$22,248,855$19,144,039$36,717,779
64$40,253,571$23,301,911$19,748,227$40,175,411
65$44,321,127$24,405,398$20,371,485$43,974,893
66$48,802,368$25,561,748$21,014,415$48,150,665
67$53,739,451$26,773,515$21,677,639$52,740,664
68$59,178,832$28,043,374$22,361,797$57,786,675
69$65,171,706$29,374,132$23,067,550$63,334,730
70$71,774,486$30,768,731$23,795,580$69,435,534
71$79,049,342$32,230,257$24,546,590$76,144,942
72$87,064,779$33,761,944$25,321,304$83,524,486
73$95,896,291$35,367,184$26,120,473$91,641,951
74$105,627,071$37,049,534$26,944,867$100,572,012
75$116,348,795$38,812,725$27,795,284$110,396,935
76$128,162,490$40,660,666$28,672,543$121,207,353
77$141,179,485$42,597,459$29,577,494$133,103,115
78$155,522,462$44,627,404$30,511,010$146,194,228
79$171,326,617$46,755,011$31,473,993$160,601,887
80$188,740,933$48,985,007$32,467,372$176,459,622
81$207,929,588$51,322,352$33,492,109$193,914,548
82$229,073,503$53,772,245$34,549,192$213,128,753
83$252,372,054$56,340,138$35,639,643$234,280,823
84$278,044,947$59,031,749$36,764,515$257,567,522
85$306,334,301$61,853,074$37,924,896$283,205,648
86$337,506,925$64,810,400$39,121,905$311,434,071
87$371,856,842$67,910,321$40,356,700$342,515,983
88$409,708,064$71,159,750$41,630,473$376,741,379
89$451,417,647$74,565,938$42,944,454$414,429,788
90$497,379,068$78,136,490$44,299,914$455,933,283
91$548,025,933$81,879,379$45,698,162$501,639,800
92$603,836,076$85,802,966$47,140,548$551,976,791
93$665,336,066$89,916,022$48,628,467$607,415,254
94$733,106,180$94,227,741$50,163,355$668,474,173
95$807,785,878$98,747,769$51,746,696$735,725,407
96$890,079,846$103,486,218$53,380,019$809,799,087
97$980,764,643$108,453,696$55,064,902$891,389,548
98$1,080,696,034$113,661,324$56,802,973$981,261,882
99$1,190,817,069$119,120,768$58,595,912$1,080,259,150
100$1,312,166,985$124,844,261$60,445,451$1,189,310,330