Can I retire at age 54 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,130,276
2 years$584,594$573,707$563,155$552,924$543,001$532,898
3 years$385,858$374,924$364,399$354,264$344,502$334,635
4 years$286,510$275,609$265,189$255,227$245,702$236,146
5 years$226,916$216,081$205,797$196,039$186,779$177,563
6 years$187,200$176,446$166,315$156,774$147,792$138,928
7 years$158,843$148,179$138,208$128,893$120,194$111,686
8 years$137,584$127,017$117,212$108,125$99,713$91,560
9 years$121,058$110,591$100,954$92,098$83,972$76,173
10 years$107,846$97,481$88,014$79,390$71,549$64,097
11 years$97,042$86,781$77,486$69,093$61,534$54,425
12 years$88,046$77,890$68,767$60,604$53,324$46,551
13 years$80,440$70,390$61,439$53,504$46,500$40,055
14 years$73,925$63,982$55,203$47,495$40,761$34,636
15 years$68,285$58,449$49,841$42,357$35,890$30,076
16 years$63,354$53,626$45,188$37,926$31,719$26,207
17 years$59,008$49,388$41,120$34,076$28,125$22,905
18 years$55,150$45,636$37,537$30,710$25,007$20,069
19 years$51,701$42,295$34,363$27,749$22,289$17,624
20 years$48,601$39,303$31,537$25,132$19,909$15,506
21 years$45,800$36,609$29,008$22,809$17,817$13,665
22 years$43,257$34,173$26,735$20,738$15,970$12,060
23 years$40,939$31,961$24,685$18,887$14,336$10,657
24 years$38,817$29,946$22,830$17,226$12,885$9,427
25 years$36,868$28,103$21,145$15,732$11,595$8,348
26 years$35,071$26,412$19,611$14,384$10,444$7,398
27 years$33,411$24,857$18,210$13,166$9,416$6,561
28 years$31,872$23,422$16,929$12,063$8,496$5,823
29 years$30,441$22,096$15,754$11,062$7,672$5,170
30 years$29,109$20,868$14,674$10,152$6,932$4,594
31 years$27,864$19,727$13,680$9,324$6,267$4,083
32 years$26,700$18,666$12,764$8,569$5,669$3,631
33 years$25,609$17,677$11,918$7,880$5,131$3,229
34 years$24,584$16,753$11,135$7,250$4,645$2,873
35 years$23,620$15,890$10,411$6,674$4,207$2,558
36 years$22,712$15,082$9,739$6,147$3,812$2,277
37 years$21,854$14,325$9,115$5,663$3,455$2,027
38 years$21,044$13,614$8,536$5,220$3,132$1,806
39 years$20,277$12,945$7,997$4,813$2,840$1,609
40 years$19,550$12,316$7,496$4,440$2,576$1,433
41 years$18,861$11,724$7,029$4,096$2,337$1,277
42 years$18,206$11,165$6,593$3,780$2,121$1,138
43 years$17,583$10,638$6,187$3,490$1,925$1,014
44 years$16,990$10,141$5,808$3,222$1,747$904
45 years$16,426$9,670$5,453$2,976$1,586$806
46 years$15,887$9,225$5,122$2,749$1,440$718
47 years$15,373$8,803$4,812$2,539$1,308$641
48 years$14,881$8,404$4,522$2,346$1,188$571
49 years$14,411$8,025$4,250$2,169$1,079$509
50 years$13,962$7,666$3,996$2,004$980$454

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,300,000, adding $6,509 every year, while hoping to spend $31,097 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: 71/6/23 Blend
53$14,300,000$14,300,000$14,300,000$14,300,000
54$15,765,314$15,007,414$14,785,764$16,793,756
55$17,340,289$15,709,690$15,248,000$18,183,431
56$19,074,869$16,445,336$15,724,679$19,700,299
57$20,985,302$17,215,953$16,216,251$21,360,500
58$23,089,489$18,023,222$16,723,183$23,178,260
59$25,407,160$18,868,902$17,245,952$25,169,239
60$27,960,054$19,754,842$17,785,055$27,350,681
61$30,772,125$20,682,975$18,341,000$29,741,570
62$33,869,772$21,655,331$18,914,314$32,362,816
63$37,282,085$22,674,038$19,505,539$35,237,439
64$41,041,117$23,741,326$20,115,235$38,390,795
65$45,182,193$24,859,533$20,743,977$41,850,805
66$49,744,238$26,031,111$21,392,361$45,648,222
67$54,770,145$27,258,630$22,061,000$49,816,912
68$60,307,182$28,544,786$22,750,526$54,394,181
69$66,407,438$29,892,403$23,461,592$59,421,116
70$73,128,310$31,304,445$24,194,869$64,942,972
71$80,533,052$32,784,017$24,951,051$71,009,601
72$88,691,366$34,334,376$25,730,854$77,675,914
73$97,680,062$35,958,937$26,535,014$85,002,399
74$107,583,784$37,661,280$27,364,293$93,055,689
75$118,495,806$39,445,160$28,219,473$101,909,187
76$130,518,917$41,314,511$29,101,364$111,643,757
77$143,766,386$43,273,461$30,010,799$122,348,482
78$158,363,035$45,326,338$30,948,638$134,121,500
79$174,446,415$47,477,679$31,915,768$147,070,932
80$192,168,105$49,732,242$32,913,102$161,315,893
81$211,695,145$52,095,015$33,941,585$176,987,616
82$233,211,609$54,571,230$35,002,187$194,230,685
83$256,920,344$57,166,371$36,095,911$213,204,395
84$283,044,887$59,886,191$37,223,791$234,084,255
85$311,831,571$62,736,720$38,386,894$257,063,632
86$343,551,854$65,724,282$39,586,318$282,355,582
87$378,504,880$68,855,508$40,823,196$310,194,846
88$417,020,303$72,137,353$42,098,698$340,840,069
89$459,461,398$75,577,108$43,414,029$374,576,231
90$506,228,494$79,182,420$44,770,432$411,717,333
91$557,762,747$82,961,305$46,169,189$452,609,354
92$614,550,311$86,922,173$47,611,620$497,633,514
93$677,126,923$91,073,840$49,099,090$547,209,865
94$746,082,963$95,425,551$50,633,003$601,801,246
95$822,069,025$99,987,003$52,214,808$661,917,652
96$905,802,062$104,768,363$53,846,001$728,121,035
97$998,072,151$109,780,292$55,528,121$801,030,607
98$1,099,749,956$115,033,971$57,262,758$881,328,672
99$1,211,794,941$120,541,126$59,051,551$969,767,063
100$1,335,264,436$126,314,051$60,896,188$1,067,174,231