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%18.4%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,086,190
2 years$576,418$565,683$555,279$545,191$535,407$497,340
3 years$380,462$369,680$359,302$349,309$339,684$302,910
4 years$282,503$271,754$261,480$251,658$242,265$207,065
5 years$223,742$213,058$202,919$193,297$184,166$150,633
6 years$184,582$173,978$163,989$154,581$145,725$113,884
7 years$156,621$146,107$136,275$127,090$118,513$88,361
8 years$135,660$125,240$115,572$106,613$98,318$69,832
9 years$119,365$109,044$99,543$90,810$82,798$55,942
10 years$106,337$96,117$86,783$78,279$70,548$45,279
11 years$95,685$85,567$76,403$68,126$60,674$36,941
12 years$86,815$76,801$67,805$59,756$52,579$30,329
13 years$79,315$69,405$60,580$52,756$45,849$25,026
14 years$72,892$63,088$54,431$46,831$40,191$20,733
15 years$67,330$57,632$49,144$41,765$35,388$17,233
16 years$62,468$52,876$44,556$37,396$31,276$14,363
17 years$58,183$48,697$40,544$33,600$27,731$11,997
18 years$54,378$44,998$37,012$30,280$24,657$10,039
19 years$50,978$41,704$33,883$27,361$21,978$8,413
20 years$47,921$38,753$31,096$24,780$19,631$7,059
21 years$45,160$36,097$28,602$22,490$17,567$5,930
22 years$42,652$33,695$26,361$20,448$15,747$4,985
23 years$40,366$31,514$24,340$18,623$14,135$4,194
24 years$38,274$29,527$22,510$16,985$12,705$3,531
25 years$36,352$27,710$20,849$15,512$11,433$2,974
26 years$34,581$26,043$19,336$14,183$10,298$2,506
27 years$32,943$24,509$17,956$12,982$9,285$2,112
28 years$31,426$23,095$16,692$11,894$8,378$1,781
29 years$30,015$21,787$15,533$10,907$7,565$1,502
30 years$28,702$20,576$14,469$10,010$6,835$1,267
31 years$27,475$19,451$13,489$9,194$6,180$1,069
32 years$26,327$18,405$12,585$8,449$5,590$902
33 years$25,251$17,429$11,751$7,770$5,059$762
34 years$24,241$16,519$10,979$7,149$4,580$643
35 years$23,290$15,668$10,265$6,581$4,149$543
36 years$22,394$14,871$9,603$6,061$3,759$458
37 years$21,549$14,124$8,988$5,584$3,407$387
38 years$20,750$13,423$8,417$5,147$3,089$327
39 years$19,993$12,764$7,886$4,746$2,801$276
40 years$19,277$12,144$7,391$4,377$2,540$233
41 years$18,597$11,560$6,931$4,039$2,305$197
42 years$17,951$11,009$6,501$3,727$2,091$166
43 years$17,337$10,490$6,100$3,441$1,898$140
44 years$16,753$9,999$5,726$3,177$1,723$118
45 years$16,196$9,535$5,377$2,934$1,564$100
46 years$15,665$9,096$5,050$2,710$1,420$84
47 years$15,158$8,680$4,744$2,504$1,289$71
48 years$14,673$8,286$4,458$2,314$1,171$60
49 years$14,210$7,913$4,191$2,138$1,064$51
50 years$13,767$7,559$3,940$1,976$966$43

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 $3,605 every year, while hoping to spend $27,621 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: 63/16/21 Blend
53$14,100,000$14,100,000$14,100,000$14,100,000
54$15,541,919$14,794,619$14,576,069$16,436,484
55$17,097,806$15,490,166$15,034,978$17,735,634
56$18,811,468$16,218,870$15,508,336$19,150,475
57$20,698,968$16,982,326$15,996,596$20,695,075
58$22,778,009$17,782,206$16,500,228$22,382,105
59$25,068,096$18,620,263$17,019,715$24,225,508
60$27,590,723$19,498,338$17,555,558$26,240,623
61$30,369,578$20,418,358$18,108,269$28,444,330
62$33,430,760$21,382,343$18,678,382$30,855,204
63$36,803,033$22,392,413$19,266,444$33,493,690
64$40,518,092$23,450,791$19,873,019$36,382,286
65$44,610,863$24,559,805$20,498,690$39,545,760
66$49,119,834$25,721,898$21,144,059$43,011,371
67$54,087,417$26,939,632$21,809,746$46,809,131
68$59,560,352$28,215,691$22,496,390$50,972,076
69$65,590,140$29,552,893$23,204,651$55,536,580
70$72,233,537$30,954,187$23,935,210$60,542,688
71$79,553,087$32,422,672$24,688,769$66,034,494
72$87,617,711$33,961,591$25,466,051$72,060,550
73$96,503,357$35,574,349$26,267,804$78,674,317
74$106,293,722$37,264,515$27,094,798$85,934,667
75$117,081,035$39,035,829$27,947,827$93,906,434
76$128,966,933$40,892,217$28,827,711$102,661,015
77$142,063,416$42,837,792$29,735,296$112,277,044
78$156,493,910$44,876,869$30,671,454$122,841,121
79$172,394,425$47,013,972$31,637,083$134,448,628
80$189,914,843$49,253,843$32,633,113$147,204,621
81$209,220,334$51,601,458$33,660,499$161,224,813
82$230,492,911$54,062,033$34,720,229$176,636,658
83$253,933,153$56,641,038$35,813,322$193,580,549
84$279,762,094$59,344,207$36,940,827$212,211,132
85$308,223,310$62,177,557$38,103,827$232,698,757
86$339,585,224$65,147,393$39,303,441$255,231,081
87$374,143,631$68,260,330$40,540,821$280,014,822
88$412,224,498$71,523,303$41,817,156$307,277,710
89$454,187,038$74,943,586$43,133,671$337,270,617
90$500,427,100$78,528,805$44,491,633$370,269,921
91$551,380,906$82,286,959$45,892,345$406,580,099
92$607,529,174$86,226,435$47,337,154$446,536,595
93$669,401,649$90,356,029$48,827,448$490,508,967
94$737,582,108$94,684,965$50,364,658$538,904,368
95$812,713,870$99,222,916$51,950,261$592,171,372
96$895,505,871$103,980,026$53,585,782$650,804,198
97$986,739,355$108,966,932$55,272,791$715,347,361
98$1,087,275,249$114,194,791$57,012,908$786,400,790
99$1,198,062,291$119,675,303$58,807,807$864,625,485
100$1,320,145,988$125,420,736$60,659,212$950,749,732