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%19.3%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,113,013
2 years$592,771$581,731$571,031$560,658$550,595$507,530
3 years$391,255$380,167$369,495$359,219$349,320$307,781
4 years$290,517$279,463$268,898$258,797$249,138$209,442
5 years$230,090$219,103$208,676$198,781$189,391$151,640
6 years$189,818$178,914$168,641$158,967$149,859$114,080
7 years$161,064$150,252$140,141$130,695$121,875$88,059
8 years$139,508$128,793$118,851$109,637$101,107$69,222
9 years$122,752$112,138$102,366$93,386$85,147$55,149
10 years$109,354$98,844$89,245$80,500$72,549$44,384
11 years$98,400$87,995$78,570$70,059$62,395$36,000
12 years$89,277$78,980$69,729$61,451$54,070$29,380
13 years$81,565$71,374$62,298$54,252$47,150$24,093
14 years$74,959$64,877$55,975$48,159$41,332$19,836
15 years$69,240$59,267$50,538$42,949$36,392$16,382
16 years$64,240$54,376$45,820$38,457$32,163$13,564
17 years$59,834$50,078$41,695$34,553$28,518$11,255
18 years$55,921$46,275$38,062$31,139$25,357$9,355
19 years$52,424$42,887$34,844$28,137$22,601$7,787
20 years$49,281$39,852$31,978$25,483$20,188$6,489
21 years$46,441$37,121$29,413$23,128$18,066$5,413
22 years$43,862$34,651$27,109$21,028$16,193$4,519
23 years$41,511$32,408$25,030$19,151$14,536$3,775
24 years$39,360$30,365$23,149$17,467$13,065$3,155
25 years$37,383$28,496$21,441$15,952$11,757$2,638
26 years$35,562$26,781$19,885$14,585$10,590$2,207
27 years$33,878$25,204$18,465$13,350$9,548$1,847
28 years$32,317$23,750$17,166$12,232$8,615$1,546
29 years$30,867$22,405$15,974$11,217$7,779$1,294
30 years$29,516$21,160$14,879$10,294$7,029$1,084
31 years$28,254$20,003$13,871$9,454$6,355$908
32 years$27,074$18,927$12,942$8,689$5,749$760
33 years$25,967$17,924$12,084$7,990$5,202$637
34 years$24,928$16,988$11,291$7,352$4,710$534
35 years$23,951$16,113$10,556$6,768$4,266$447
36 years$23,029$15,293$9,875$6,233$3,865$375
37 years$22,160$14,525$9,243$5,743$3,503$314
38 years$21,338$13,804$8,656$5,293$3,176$263
39 years$20,561$13,126$8,109$4,881$2,880$221
40 years$19,824$12,489$7,601$4,502$2,612$185
41 years$19,125$11,888$7,127$4,153$2,370$155
42 years$18,461$11,322$6,686$3,833$2,151$130
43 years$17,829$10,787$6,273$3,538$1,952$109
44 years$17,228$10,282$5,889$3,267$1,772$91
45 years$16,655$9,805$5,529$3,017$1,608$76
46 years$16,109$9,354$5,193$2,787$1,460$64
47 years$15,588$8,926$4,879$2,575$1,326$54
48 years$15,089$8,521$4,585$2,379$1,204$45
49 years$14,613$8,138$4,310$2,199$1,094$38
50 years$14,157$7,773$4,052$2,032$993$32

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 $2,773 every year, while hoping to spend $44,838 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: 58/23/19 Blend
53$14,500,000$14,500,000$14,500,000$14,500,000
54$15,981,860$15,213,360$14,988,610$16,828,512
55$17,564,303$15,911,108$15,443,022$18,101,405
56$19,306,652$16,641,542$15,911,153$19,483,317
57$21,225,170$17,406,217$16,393,416$20,988,869
58$23,337,778$18,206,763$16,890,236$22,629,992
59$25,664,223$19,044,886$17,402,051$24,419,806
60$28,226,264$19,922,375$17,929,310$26,372,738
61$31,047,878$20,841,107$18,472,477$28,504,657
62$34,155,487$21,803,047$19,032,031$30,833,019
63$37,578,205$22,810,254$19,608,462$33,377,027
64$41,348,114$23,864,889$20,202,277$36,157,806
65$45,500,568$24,969,214$20,813,999$39,198,602
66$50,074,522$26,125,602$21,444,164$42,524,992
67$55,112,906$27,336,539$22,093,327$46,165,123
68$60,663,024$28,604,632$22,762,055$50,149,972
69$66,777,006$29,932,612$23,450,937$54,513,631
70$73,512,294$31,323,343$24,160,577$59,293,626
71$80,932,188$32,779,827$24,891,597$64,531,262
72$89,106,443$34,305,211$25,644,637$70,272,009
73$98,111,927$35,902,792$26,420,358$76,565,922
74$108,033,343$37,576,029$27,219,440$83,468,109
75$118,964,034$39,328,545$28,042,582$91,039,244
76$131,006,862$41,164,140$28,890,505$99,346,129
77$144,275,176$43,086,796$29,763,951$108,462,319
78$158,893,885$45,100,690$30,663,684$118,468,810
79$175,000,635$47,210,198$31,590,491$129,454,789
80$192,747,110$49,419,908$32,545,183$141,518,474
81$212,300,463$51,734,631$33,528,594$154,768,027
82$233,844,892$54,159,410$34,541,584$169,322,564
83$257,583,381$56,699,531$35,585,037$185,313,276
84$283,739,614$59,360,536$36,659,864$202,884,648
85$312,560,089$62,148,237$37,767,004$222,195,819
86$344,316,442$65,068,724$38,907,423$243,422,067
87$379,308,013$68,128,386$40,082,115$266,756,454
88$417,864,670$71,333,916$41,292,105$292,411,636
89$460,349,923$74,692,335$42,538,448$320,621,856
90$507,164,359$78,211,003$43,822,230$351,645,141
91$558,749,418$81,897,637$45,144,569$385,765,723
92$615,591,563$85,760,325$46,506,616$423,296,711
93$678,226,873$89,807,551$47,909,558$464,583,022
94$747,246,100$94,048,208$49,354,614$510,004,628
95$823,300,252$98,491,619$50,843,043$559,980,124
96$907,106,731$103,147,562$52,376,139$614,970,657
97$999,456,111$108,026,286$53,955,233$675,484,268
98$1,101,219,600$113,138,540$55,581,699$742,080,658
99$1,213,357,262$118,495,591$57,256,949$815,376,460
100$1,336,927,083$124,109,256$58,982,437$896,051,033