Can I retire at age 54 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,102,718
2 years$580,506$569,695$559,217$549,058$539,204$509,574
3 years$383,160$372,302$361,850$351,787$342,093$313,370
4 years$284,506$273,681$263,334$253,443$243,984$216,389
5 years$225,329$214,569$204,358$194,668$185,472$159,082
6 years$185,891$175,212$165,152$155,678$146,758$121,598
7 years$157,732$147,143$137,242$127,991$119,354$95,426
8 years$136,622$126,129$116,392$107,369$99,015$76,308
9 years$120,212$109,818$100,248$91,454$83,385$61,878
10 years$107,092$96,799$87,399$78,834$71,048$50,715
11 years$96,364$86,174$76,945$68,610$61,104$41,913
12 years$87,430$77,345$68,286$60,180$52,951$34,869
13 years$79,877$69,898$61,009$53,130$46,175$29,164
14 years$73,408$63,535$54,817$47,163$40,476$24,499
15 years$67,807$58,040$49,493$42,061$35,639$20,653
16 years$62,911$53,251$44,872$37,661$31,498$17,462
17 years$58,596$49,042$40,832$33,838$27,928$14,800
18 years$54,764$45,317$37,274$30,495$24,832$12,570
19 years$51,339$41,999$34,123$27,555$22,133$10,694
20 years$48,261$39,028$31,316$24,956$19,770$9,112
21 years$45,480$36,353$28,805$22,649$17,692$7,773
22 years$42,955$33,934$26,548$20,593$15,858$6,637
23 years$40,653$31,738$24,513$18,755$14,235$5,673
24 years$38,545$29,736$22,670$17,105$12,795$4,852
25 years$36,610$27,906$20,997$15,622$11,514$4,153
26 years$34,826$26,227$19,474$14,284$10,371$3,556
27 years$33,177$24,683$18,083$13,074$9,350$3,047
28 years$31,649$23,259$16,810$11,979$8,437$2,611
29 years$30,228$21,942$15,644$10,985$7,618$2,239
30 years$28,905$20,722$14,571$10,081$6,884$1,920
31 years$27,670$19,589$13,584$9,259$6,224$1,647
32 years$26,514$18,535$12,675$8,509$5,630$1,413
33 years$25,430$17,553$11,834$7,825$5,095$1,213
34 years$24,412$16,636$11,057$7,200$4,613$1,041
35 years$23,455$15,779$10,338$6,628$4,178$893
36 years$22,553$14,977$9,671$6,104$3,785$767
37 years$21,701$14,225$9,052$5,624$3,431$659
38 years$20,897$13,518$8,476$5,184$3,110$566
39 years$20,135$12,855$7,942$4,780$2,821$486
40 years$19,414$12,230$7,444$4,408$2,558$417
41 years$18,729$11,642$6,980$4,067$2,321$358
42 years$18,079$11,087$6,547$3,754$2,106$308
43 years$17,460$10,564$6,144$3,465$1,911$264
44 years$16,872$10,070$5,767$3,199$1,735$227
45 years$16,311$9,602$5,415$2,955$1,575$195
46 years$15,776$9,160$5,086$2,729$1,430$167
47 years$15,265$8,742$4,778$2,522$1,299$144
48 years$14,777$8,345$4,490$2,330$1,179$124
49 years$14,311$7,969$4,220$2,153$1,071$106
50 years$13,864$7,612$3,968$1,990$973$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,200,000, adding $5,445 every year, while hoping to spend $24,498 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: 39/47/14 Blend
53$14,200,000$14,200,000$14,200,000$14,200,000
54$15,654,017$14,901,417$14,681,317$16,198,489
55$17,224,661$15,605,520$15,147,075$17,290,194
56$18,954,689$16,343,304$15,627,615$18,467,060
57$20,860,334$17,116,392$16,123,407$19,739,017
58$22,959,480$17,926,488$16,634,933$21,114,661
59$25,271,839$18,775,378$17,162,695$22,603,418
60$27,819,129$19,664,933$17,707,208$24,215,618
61$30,625,283$20,597,118$18,269,002$25,962,593
62$33,716,676$21,573,991$18,848,628$27,856,772
63$37,122,371$22,597,711$19,446,651$29,911,793
64$40,874,395$23,670,541$20,063,656$32,142,620
65$45,008,040$24,794,853$20,700,245$34,565,680
66$49,562,197$25,973,138$21,357,040$37,199,002
67$54,579,723$27,208,004$22,034,683$40,062,386
68$60,107,845$28,502,187$22,733,835$43,177,574
69$66,198,607$29,858,555$23,455,180$46,568,447
70$72,909,359$31,280,119$24,199,423$50,261,238
71$80,303,301$32,770,032$24,967,291$54,284,768
72$88,450,076$34,331,602$25,759,533$58,670,711
73$97,426,430$35,968,297$26,576,925$63,453,871
74$107,316,939$37,683,756$27,420,264$68,672,506
75$118,214,798$39,481,792$28,290,375$74,368,670
76$130,222,713$41,366,405$29,188,108$80,588,599
77$143,453,861$43,341,790$30,114,340$87,383,128
78$158,032,961$45,412,344$31,069,977$94,808,159
79$174,097,453$47,582,679$32,055,952$102,925,171
80$191,798,795$49,857,633$33,073,228$111,801,781
81$211,303,892$52,242,276$34,122,801$121,512,365
82$232,796,669$54,741,928$35,205,695$132,138,742
83$256,479,813$57,362,166$36,322,969$143,770,926
84$282,576,681$60,108,838$37,475,715$156,507,953
85$311,333,410$62,988,080$38,665,060$170,458,795
86$343,021,245$66,006,322$39,892,166$185,743,367
87$377,939,091$69,170,311$41,158,233$202,493,632
88$416,416,342$72,487,121$42,464,498$220,854,825
89$458,815,988$75,964,169$43,812,237$240,986,792
90$505,538,041$79,609,235$45,202,769$263,065,479
91$557,023,313$83,430,479$46,637,453$287,284,555
92$613,757,574$87,436,456$48,117,691$313,857,217
93$676,276,143$91,636,139$49,644,931$343,018,169
94$745,168,938$96,038,938$51,220,665$375,025,800
95$821,086,047$100,654,723$52,846,433$410,164,593
96$904,743,861$105,493,841$54,523,827$448,747,773
97$996,931,844$110,567,149$56,254,484$491,120,223
98$1,098,519,981$115,886,028$58,040,098$537,661,704
99$1,210,466,992$121,462,416$59,882,414$588,790,392
100$1,333,829,384$127,308,834$61,783,234$644,966,787