Can I retire at age 54 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,127,383
2 years$592,771$581,731$571,031$560,658$550,595$521,695
3 years$391,255$380,167$369,495$359,219$349,320$321,291
4 years$290,517$279,463$268,898$258,797$249,138$222,195
5 years$230,090$219,103$208,676$198,781$189,391$163,608
6 years$189,818$178,914$168,641$158,967$149,859$125,263
7 years$161,064$150,252$140,141$130,695$121,875$98,468
8 years$139,508$128,793$118,851$109,637$101,107$78,879
9 years$122,752$112,138$102,366$93,386$85,147$64,079
10 years$109,354$98,844$89,245$80,500$72,549$52,617
11 years$98,400$87,995$78,570$70,059$62,395$43,569
12 years$89,277$78,980$69,729$61,451$54,070$36,318
13 years$81,565$71,374$62,298$54,252$47,150$30,437
14 years$74,959$64,877$55,975$48,159$41,332$25,621
15 years$69,240$59,267$50,538$42,949$36,392$21,644
16 years$64,240$54,376$45,820$38,457$32,163$18,339
17 years$59,834$50,078$41,695$34,553$28,518$15,578
18 years$55,921$46,275$38,062$31,139$25,357$13,260
19 years$52,424$42,887$34,844$28,137$22,601$11,307
20 years$49,281$39,852$31,978$25,483$20,188$9,655
21 years$46,441$37,121$29,413$23,128$18,066$8,255
22 years$43,862$34,651$27,109$21,028$16,193$7,066
23 years$41,511$32,408$25,030$19,151$14,536$6,053
24 years$39,360$30,365$23,149$17,467$13,065$5,190
25 years$37,383$28,496$21,441$15,952$11,757$4,453
26 years$35,562$26,781$19,885$14,585$10,590$3,822
27 years$33,878$25,204$18,465$13,350$9,548$3,283
28 years$32,317$23,750$17,166$12,232$8,615$2,820
29 years$30,867$22,405$15,974$11,217$7,779$2,424
30 years$29,516$21,160$14,879$10,294$7,029$2,084
31 years$28,254$20,003$13,871$9,454$6,355$1,792
32 years$27,074$18,927$12,942$8,689$5,749$1,541
33 years$25,967$17,924$12,084$7,990$5,202$1,326
34 years$24,928$16,988$11,291$7,352$4,710$1,141
35 years$23,951$16,113$10,556$6,768$4,266$982
36 years$23,029$15,293$9,875$6,233$3,865$845
37 years$22,160$14,525$9,243$5,743$3,503$728
38 years$21,338$13,804$8,656$5,293$3,176$626
39 years$20,561$13,126$8,109$4,881$2,880$539
40 years$19,824$12,489$7,601$4,502$2,612$464
41 years$19,125$11,888$7,127$4,153$2,370$400
42 years$18,461$11,322$6,686$3,833$2,151$344
43 years$17,829$10,787$6,273$3,538$1,952$296
44 years$17,228$10,282$5,889$3,267$1,772$255
45 years$16,655$9,805$5,529$3,017$1,608$220
46 years$16,109$9,354$5,193$2,787$1,460$189
47 years$15,588$8,926$4,879$2,575$1,326$163
48 years$15,089$8,521$4,585$2,379$1,204$140
49 years$14,613$8,138$4,310$2,199$1,094$121
50 years$14,157$7,773$4,052$2,032$993$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $14,500,000, adding $2,409 every year, while hoping to spend $35,183 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: 58/15/27 Blend
53$14,500,000$14,500,000$14,500,000$14,500,000
54$15,981,485$15,212,985$14,988,235$16,790,693
55$17,574,162$15,920,987$15,452,906$18,052,753
56$19,328,113$16,662,501$15,931,965$19,424,254
57$21,259,750$17,439,134$16,425,856$20,918,992
58$23,387,160$18,252,567$16,935,038$22,548,920
59$25,730,272$19,104,564$17,459,982$24,327,186
60$28,311,046$19,996,974$18,001,178$26,268,254
61$31,153,682$20,931,735$18,559,127$28,388,034
62$34,284,846$21,910,879$19,134,347$30,704,037
63$37,733,925$22,936,536$19,727,371$33,235,528
64$41,533,298$24,010,939$20,338,751$36,003,709
65$45,718,648$25,136,429$20,969,053$39,031,914
66$50,329,296$26,315,459$21,618,862$42,345,824
67$55,408,571$27,550,604$22,288,781$45,973,706
68$61,004,222$28,844,560$22,979,431$49,946,678
69$67,168,864$30,200,155$23,691,454$54,298,993
70$73,960,479$31,620,354$24,425,509$59,068,362
71$81,442,962$33,108,265$25,182,277$64,296,303
72$89,686,720$34,667,147$25,962,460$70,028,526
73$98,769,345$36,300,416$26,766,782$76,315,364
74$108,776,336$38,011,654$27,595,987$83,212,238
75$119,801,915$39,804,618$28,450,845$90,780,174
76$131,949,910$41,683,244$29,332,148$99,086,377
77$145,334,739$43,651,661$30,240,713$108,204,856
78$160,082,488$45,714,198$31,177,382$118,217,117
79$176,332,101$47,875,392$32,143,023$129,212,922
80$194,236,691$50,140,003$33,138,531$141,291,136
81$213,964,990$52,513,020$34,164,828$154,560,646
82$235,702,934$54,999,673$35,222,865$169,141,384
83$259,655,424$57,605,447$36,313,622$185,165,453
84$286,048,258$60,336,095$37,438,109$202,778,359
85$315,130,262$63,197,646$38,597,367$222,140,382
86$347,175,641$66,196,422$39,792,471$243,428,077
87$382,486,565$69,339,055$41,024,527$266,835,933
88$421,396,021$72,632,496$42,294,676$292,578,193
89$464,270,961$76,084,033$43,604,093$320,890,873
90$511,515,759$79,701,311$44,953,990$352,033,975
91$563,576,036$83,492,345$46,345,618$386,293,931
92$620,942,859$87,465,537$47,780,264$423,986,294
93$684,157,383$91,629,701$49,259,256$465,458,707
94$753,815,957$95,994,078$50,783,962$511,094,166
95$830,575,753$100,568,356$52,355,793$561,314,630
96$915,160,971$105,362,696$53,976,203$616,584,983
97$1,008,369,676$110,387,754$55,646,691$677,417,411
98$1,111,081,330$115,654,702$57,368,803$744,376,221
99$1,224,265,099$121,175,255$59,144,131$818,083,152
100$1,348,988,997$126,961,700$60,974,317$899,223,229