Can I retire at age 54 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,092,743
2 years$576,418$565,683$555,279$545,191$535,407$503,801
3 years$380,462$369,680$359,302$349,309$339,684$309,072
4 years$282,503$271,754$261,480$251,658$242,265$212,883
5 years$223,742$213,058$202,919$193,297$184,166$156,094
6 years$184,582$173,978$163,989$154,581$145,725$118,988
7 years$156,621$146,107$136,275$127,090$118,513$93,113
8 years$135,660$125,240$115,572$106,613$98,318$74,240
9 years$119,365$109,044$99,543$90,810$82,798$60,019
10 years$106,337$96,117$86,783$78,279$70,548$49,038
11 years$95,685$85,567$76,403$68,126$60,674$40,398
12 years$86,815$76,801$67,805$59,756$52,579$33,498
13 years$79,315$69,405$60,580$52,756$45,849$27,923
14 years$72,892$63,088$54,431$46,831$40,191$23,376
15 years$67,330$57,632$49,144$41,765$35,388$19,637
16 years$62,468$52,876$44,556$37,396$31,276$16,544
17 years$58,183$48,697$40,544$33,600$27,731$13,971
18 years$54,378$44,998$37,012$30,280$24,657$11,822
19 years$50,978$41,704$33,883$27,361$21,978$10,020
20 years$47,921$38,753$31,096$24,780$19,631$8,505
21 years$45,160$36,097$28,602$22,490$17,567$7,227
22 years$42,652$33,695$26,361$20,448$15,747$6,148
23 years$40,366$31,514$24,340$18,623$14,135$5,234
24 years$38,274$29,527$22,510$16,985$12,705$4,459
25 years$36,352$27,710$20,849$15,512$11,433$3,801
26 years$34,581$26,043$19,336$14,183$10,298$3,242
27 years$32,943$24,509$17,956$12,982$9,285$2,766
28 years$31,426$23,095$16,692$11,894$8,378$2,361
29 years$30,015$21,787$15,533$10,907$7,565$2,016
30 years$28,702$20,576$14,469$10,010$6,835$1,722
31 years$27,475$19,451$13,489$9,194$6,180$1,471
32 years$26,327$18,405$12,585$8,449$5,590$1,257
33 years$25,251$17,429$11,751$7,770$5,059$1,074
34 years$24,241$16,519$10,979$7,149$4,580$918
35 years$23,290$15,668$10,265$6,581$4,149$785
36 years$22,394$14,871$9,603$6,061$3,759$671
37 years$21,549$14,124$8,988$5,584$3,407$574
38 years$20,750$13,423$8,417$5,147$3,089$490
39 years$19,993$12,764$7,886$4,746$2,801$419
40 years$19,277$12,144$7,391$4,377$2,540$359
41 years$18,597$11,560$6,931$4,039$2,305$307
42 years$17,951$11,009$6,501$3,727$2,091$262
43 years$17,337$10,490$6,100$3,441$1,898$224
44 years$16,753$9,999$5,726$3,177$1,723$192
45 years$16,196$9,535$5,377$2,934$1,564$164
46 years$15,665$9,096$5,050$2,710$1,420$140
47 years$15,158$8,680$4,744$2,504$1,289$120
48 years$14,673$8,286$4,458$2,314$1,171$103
49 years$14,210$7,913$4,191$2,138$1,064$88
50 years$13,767$7,559$3,940$1,976$966$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,100,000, adding $5,362 every year, while hoping to spend $41,599 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: 58/25/17 Blend
53$14,100,000$14,100,000$14,100,000$14,100,000
54$15,543,731$14,796,431$14,577,881$16,376,129
55$17,084,930$15,477,195$15,021,979$17,621,598
56$18,781,938$16,189,922$15,479,560$18,973,672
57$20,650,602$16,936,135$15,951,032$20,446,688
58$22,708,387$17,717,429$16,436,815$22,052,300
59$24,974,536$18,535,476$16,937,341$23,803,322
60$27,470,253$19,392,029$17,453,056$25,713,846
61$30,218,905$20,288,925$17,984,420$27,799,369
62$33,246,241$21,228,089$18,531,906$30,076,937
63$36,580,632$22,211,541$19,095,999$32,565,299
64$40,253,345$23,241,394$19,677,203$35,285,081
65$44,298,831$24,319,868$20,276,035$38,258,978
66$48,755,055$25,449,285$20,893,026$41,511,956
67$53,663,854$26,632,082$21,528,725$45,071,493
68$59,071,326$27,870,814$22,183,697$48,967,822
69$65,028,275$29,168,157$22,858,524$53,234,218
70$71,590,680$30,526,918$23,553,805$57,907,304
71$78,820,230$31,950,038$24,270,159$63,027,387
72$86,784,905$33,440,601$25,008,220$68,638,839
73$95,559,614$35,001,839$25,768,644$74,790,501
74$105,226,906$36,637,141$26,552,106$81,536,144
75$115,877,750$38,350,060$27,359,300$88,934,964
76$127,612,387$40,144,319$28,190,943$97,052,134
77$140,541,282$42,023,823$29,047,772$105,959,414
78$154,786,167$43,992,664$29,930,546$115,735,814
79$170,481,184$46,055,133$30,840,048$126,468,339
80$187,774,159$48,215,728$31,777,083$138,252,791
81$206,827,989$50,479,165$32,742,482$151,194,673
82$227,822,188$52,850,388$33,737,098$165,410,168
83$250,954,573$55,334,580$34,761,814$181,027,228
84$276,443,140$57,937,174$35,817,534$198,186,772
85$304,528,113$60,663,868$36,905,195$217,043,999
86$335,474,218$63,520,635$38,025,756$237,769,849
87$369,573,179$66,513,738$39,180,210$260,552,595
88$407,146,473$69,649,740$40,369,577$285,599,614
89$448,548,363$72,935,528$41,594,907$313,139,327
90$494,169,244$76,378,316$42,857,285$343,423,343
91$544,439,327$79,985,673$44,157,823$376,728,815
92$599,832,699$83,765,533$45,497,672$413,361,044
93$660,871,804$87,726,213$46,878,013$453,656,344
94$728,132,366$91,876,436$48,300,065$497,985,198
95$802,248,833$96,225,346$49,765,082$546,755,737
96$883,920,358$100,782,533$51,274,357$600,417,575
97$973,917,406$105,558,049$52,829,220$659,466,032
98$1,073,089,025$110,562,436$54,431,041$724,446,792
99$1,182,370,858$115,806,748$56,081,233$795,961,027
100$1,302,793,980$121,302,573$57,781,250$874,671,056